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-   -   100 Dollars a Day Question (http://www.sowpub.com/forum/showthread.php?t=1642)

Millard Grubb September 9, 2006 08:48 PM

100 Dollars a Day Question
 
I seem to remember that there was a thread that stirred up quite a bit of controversy about making 100 bucks a day. Don't remember if it was just offline stuff, online things, or a combination of both.

Is the thread available?

Does it exist? :)

I'm looking for some research for a new book I am writing concerning "Biz Ops" vs. Just working smart with nifty ideas ala cleaning cars at real estate offices, picking up and delivering groceries for the elderly, writing signs on cr windows, etc., etc., etc.

Any help will be appreciated! :)

Millard Grubb

Jason September 9, 2006 09:23 PM

Re: 100 Dollars a Day Question
 
Afraid that thread has been deleted as it was nothing but an festival of insults.

Dien Rice September 9, 2006 10:57 PM

Re: 100 Dollars a Day Question
 
Quote:

Originally Posted by Millard Grubb (Post 5227)
I seem to remember that there was a thread that stirred up quite a bit of controversy about making 100 bucks a day. Don't remember if it was just offline stuff, online things, or a combination of both.

Is the thread available?

Does it exist? :)


Hi Millard,

I remember the thread! It was on the "old" Sowpub forum...

It mostly still exists (only a small portion of it was deleted because it devolved into insults - the few that were deleted didn't really have any "useful" info anyway)...

I'm in the process of restoring the old Sowpub forum within this forum software. (I couldn't leave the old WebBBS software up because it's vulnerable to these "attacks" we were getting...)

However, because of the way the "conversion" process works, I have to start at the beginning of the "old" Sowpub forum and work towards the end so the threads will link up properly. Anyway, it should be restored eventually! Hopefully ... in about a week (though sometimes this takes longer than I hope, as there is a little bit of work involved in doing this)...

Here's my post on what's been restored from the archive so far...
http://www.sowpub.com/forum/showthread.php?t=1639

Already around 5,000 posts have been converted over... But given that there were over 30,000 posts in the old archive, there's still quite a few to go...

I hope that helps!

- Dien

Phil September 9, 2006 11:45 PM

Re: 100 Dollars a Day Question
 
Dien,

Excellent work at getting those Archives back into business. :)

There are Lots of 100 Dollars a Day business ideas Buried in the Archives...

Here's a little Tip to Read and Find stuff easier and faster!

Use this Link. ;)
http://www.sowpub.com/forum/archive/index.php/f-3.html

Phil

Phil September 10, 2006 12:04 AM

Re: 100 Dollars a Day Question
 
One more note...
If you use that link and click on PDA in the top right hand corner, it will show how many replies to each thread and be viewable all in one screen or back the other way.

Phil

GordonJ September 10, 2006 08:38 PM

Here's ONE answer for the 100 dollar a day question...
 
I don't remember the "original" thread, but variations of this question get asked at least once a month or more often. My answer always starts with TIME, and how much of that is a person willing to trade for the 100 smackeroos...10 hours a day? UH, probably not. But 4 hours, or the equivalent of a part-time job, one that pays 25.00 per hour, might be MORE acceptable, especially for the Internet crowd.

AND then, the next question would be: Would $700.00 per week be an acceptable substitution for the 100 per day?

Silly question? I don't think so, because the extension of that would be; would 2800.00 per FOUR weeks be an acceptable substitution for the 100 bux a day?

BECAUSE, without knowing how much time a person is willing to exchange for a particular level of income, then any answer might be considered; foolish, impractical, UNdoable (God forbid anyone has to DO something for the money, HEY, even my 9 year old daughter knew that; "You don't get paid for doing nothing!").

With that as the set-up...and my answer will shock NO one...

Buying and Selling Personal Property (Chattel) is ONE answer.

This moring I sent out a HOTSHEET (Chattel Bulletin 910) to those currently enrolled in The Beginner's Guide to Chatteling Course. This one page little HOTSHEET pointed people to one area of Chattel that is HOT...showed them a few examples of things that have consistently sold on eBay for the past 5 years, something in a given price range that gets 20, 30 and even 40 or more bids per auction.

AND, every transaction has the potential of putting anywhere from 700 to 2800 dollars in a person's pocket, and that with about 10 hours of work.

That is JUST ONE area of personal property...and forget about corporate chattel...where those kind of transactions happen every day of the week.

OK. Now for a little TRUE LIFE story...

I was sitting around the camp fire recently at a local camp ground and listening to this guy tell how he "discovered" a great ROI (return on investment)...turns out his interest bearing checking account was giving him, and he swore this was true...a whopping .0044 % per annum. Or about 44 cents per hundred dollars...

SO, he went shopping and found some REALLY GOOD deals from banks, he found he could get almost 5% from one of them, if he tied his money up in a CD...BUT, then he found a LENDER, I believe it was Beneficial Finance, but I'll have to check on this...

That would pay him the incredible ROI of 8%...HE WAS ECSTATIC! The only problem was, it was NOT FDIC (Federal Deposit Insurance Corporation) and if this company went belly up, he's out his money...and I pointed out that there hasn't been a Savings and Loan or Predatory Lender go out of business in the last, uh, 24 hours.

Anyhow, he tells us he just transferred 10 grand to that account. Then he told us how he "secretly" (that means without his wife knowing about it) bought a few ounces of GOLD...YIKES he's gonna make a killing...then I peed on his parade.

This is the part you might actually learn something

I pointed out that if he sold the RV he had bought for the summer, he paid 10,000 for it after shopping and researching for a month...for 11,000, which was still a few thou under MARKET VALUE...

That his 10 grand investment in CAMPING AND HAVING FUN, would return more money to his pocket than his 8% deposit in the lending company...

AND he was shocked.

Millard, and others, there is a never ending stream of Chattel being bought and sold all over the world. This is the "general" ROI that you can expect IF you really get into it:
For every 1000 dollars you put in "Circulation", you SHOULD expect a 20% ROI, that is, 200 dollars NET profit for every piece of chattel you buy at for 1000.00
So, if you had to do it on a day to day basis, then you'd have to buy something for about 500 dollars and sell it for about 650 and VIOLA you've got your 100 bux a day.

BUT, and this is a better way, I think, IF you were to BUY something for 2000 then you'd sell it for 2500 (very doable) and that would give you 400 bux for a single transaction with probably less than 5 hours invested into it.

Do ONE buy at 4,000.00 (similar to what I sent out in the HOTSHEET today) and your average ROI NET, would be 800 dollars if you were to sell it for 5200.00 dollars.

This 20% ROI has been consistent with buying and selling chattel during the last 25 years that I've been doing it, with every once in awhile doubling or tripling that ROI.

FIND one restaurant you are calling upon anyhow, and at the end of your presentation, whether they do your ads or not, simply ASK, do you have any restaurant equipment you would like to sell OR is there anything you WANT and are looking to buy?

Could be yes, no OR it could be, "Millard, we've got a Hobart Mixer we don't use anymore, we'd take 1200 bux for it." Then add 300 to that price and ask every restaurant you enter if they would be interested...ASK in a COLUMBO sort of a way as you are leaving, with or without your advertising order.

Do a few of those a week, and you'll wonder why anyone in their right mind would think of ONLY 100 dollar days.

CHATTEL is MY answer. But then, you already knew that.

Gordon Jay Alexander

PS. I detail these things in The Beginner's Guide to Chatteling

http://cgi.ebay.com/ws/eBayISAPI.dll...MESE%3AIT&rd=1

Chuck Huckaby September 11, 2006 05:50 PM

Re: 100 Dollars a Day Question
 
Gordon,

Great answer.

I was listening to the US Secretary of Labor today about outsourcing (yes, this relates to your post)... she said that Americans are losing their jobs right and left not because of cheap labor, but because the US government won't control their tax policy!

http://work-at-home.business-opportu...r-outsourcing/

It's funny how they know the problem, admit the whole situation is out of control but won't change.

Thans for reminding people what can be done to protect themselves (somewhat) from the craziness in our economy!

Millard Grubb September 11, 2006 08:30 PM

Re: 100 Dollars a Day Question
 
Gordon,

As I said in my letter to you, you really hit the nail on the head! It's nice to know that when we get to thinking too much and picking things apart, you know how to get us back on the straight and narrow.

Thanks!

Millard

Millard Grubb September 14, 2006 10:16 AM

Re: Here's ONE answer for the 100 dollar a day question...
 
Gordon,

I can imagine that any niche I walk into, if I have researched enough, or just know what to look for would bring some chattel out of the woodwork. Right now, as you know, I am working with local restaurants not only looking to sell them ads, but also for promotional clients.

Like Columbo. eh? I am going to do it today and let you know how it works for me....I like the concept very much.

Cheers,

Millard


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