Overview

This essay sheds light on the formula for generating wealth that can predict the future profitability outlook of a business and also elucidates how to apply the formula for generating wealth to determine if buying stocks of a company is a worthwhile investment. Furthermore, unconventional investment strategies for how to afford to retire as a young adult without ever having to work for anyone are demystified and how to earn substantial money online so that you can afford to finance your future goals without ever having to work for an employer is expounded upon in this essay. The formula for generating wealth is simple and can be utilized to predict the future profitability outlook of a business. Succinctly stated, the formula for generating wealth entails the following: scalability ] magnitude + marketing effectiveness = wealth. This formula can serve as an indicator to not only help predict the future profitability outlook of a business, but also its longevity. In other words, if a company is egregiously lacking in one of these aforementioned facets, such as scalability, magnitude, or marketing effectiveness, then their future will more than likely be precarious and fraught with calamitous issues, especially as competition in their market continue to be on the rise. As per the first variable of the formula for generating wealth, the importance of scalability is often underestimated. If you could have infinite products available for sale then your sales volume and profitability would have no limit. Businesses forgo earning sales revenue all the time due to not having the merchandise in stock that customers desire to purchase. When this issue of inventory depletion and limited merchandise selection can be circumvented, companies will be more apt to maximize their profitability. Fortunately, with the power of global digital distribution platforms, all the companies products can be digitized, remain available online in perpetuity, and never be discontinued. As per physical products, it stands to reason that in the coming decades, customers will be able to buy the product designs from companies and subsequently have the option print out said products from their own abodes by utilizing 3D printers without ever going to the stores. The customer's buying options will be limitless and they will never have to succumb to products being discontinued since 3D printers will be able to bring the manufacturing process to customer's home. This will also allow companies to circumvent the risk of succumbing to exorbitant inventory surplus costs since customers will be able to print out said products from their own abodes in the coming decades. As per businesses that do not leverage 3D printers, have a limited product selection, and do not have a scalable business model, it is much more arduous for them to attain success. Effectively offering scalability in product lines can culminate in eliciting profitability. In the digital era, companies such as video game development studios, software development studios, and mobile application development studios, have the utmost scalability since their products have been digitized which affords them the capability to reach out to over 7 billion customers. Franchises, retain chain stores, and other business that attempt to scale to an unprecedented height face a more precarious future as the trajectory for the future mores towards digital sales. Customers are increasingly buying online and customers are discontent with retailers passing on their overhead to their target market in the form of higher product prices. In other words, the customer would rather buy the products for the lowest possible prices either on the second hand market from other customers or online from the manufacturer rather paying an exorbitant markup to buy them from the retailer. Businesses that do not have a scalability component embedded in their business model nor are able to digitize their products, such as food vendors.

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