I don’t remember it word-for-word. but i heard this great quote.
Apparently she was the first Emarati citizen to get to the
North Pole. She was speaking in an interview on Dubai Eye, a local talk radio
The gist of what she said was:
I don’t share my thoughts with others. I like to protect my
ideas until I believe in them before I expose myself to the criticism of
Got me thinking…I might have been going about things wrong.
Whenever I get a great business idea, I tend to keep it
private to protect it for fear of someone else copying my idea.
But the truth is, few people have the stamina needed to turn
any idea into reality.
Like years ago when I was still an undergrad, I came up with
the idea of creating a geographically-targeted real-time advertising system for
hotels, bed-n-breakfasts, and restaurants. I spent two years trying to figure
out how to popularize a piece of mobile hardware with a GPS modem I built in my
Not long after, Google came out with their Adwords
advertising program which allowed real-time placement (and removal) of ads
targeted to any geography or demographic.
And later, Apple came out with the iPhone & iPad which had
computing power, GPS modem, and broadband mobile internet which eliminated the
need for my hardware altogether!
On another occasion, I came up with an idea with a fellow
classmate to create a mobile payment system…where people could use their mobile
phones to pay for things by sms.
Recently, I heard such a system exists in some parts of
Africa where smartphones are less common.
My point is, all these were great ideas which someone else
is now making money from instead of me.
And it’s not because they “stole” my ideas. It’s because
they had more belief in them than I did, so they invested money and time into
developing them and now they’re reaping the rewards.
So you shouldn’t really worry about sharing your ideas lest
they get stolen.
You should instead worry that if you don’t believe in your
ideas enough to turn them real, someone else will believe in them more and make
them a reality before you do.
Ideas alone have no value. The Belief in an idea is what business
really competes on.
Which is why, a really important exercises I go through
before investing a single cent into a new business idea, is to study the
Before running an ad campaign, I always go look at the
landscape of the market I’m going into.
What are other businesses doing?
How are they doing it?
Are there any holes or short-comings in their
These are the questions to answer before putting a single
cent into advertising.
Studying the competition allows you to legally “steal”
belief from someone else. After all, if you look at how someone else is already
successfully making money from a similar idea to yours, you can find ways to do
it better and profit more from the idea than they do.
In the Internet Business Academy, Module #3 helps you with explicit
instructions on how to study the competition and create a unique selling
proposition for your business that makes it both different and better than
There’s 9 chapters filled with traffic and marketing instructions
that help you dominate any market and win all its customers over to your
You can read more of what the Internet Business Academy has
to offer in a short tutorial document I put together here:
download it and read it now!