SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #7  
Old April 7, 2007, 02:16 AM
Dien Rice Dien Rice is online now
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,671
Default Re: What Would You...?

Quote:
Originally Posted by Ankesh View Post
I know this question (or a variation of it) has been asked quite a few times on Sowpub. But I don't remember it being asked on the new Sowpub forum...

So here goes:

What would you do to become rich if all you had was $100?

Should get some creative juices flowing.
Hi Ankesh,

Here's what I'd do...

First off, for living expenses, I'd start "chatteling" - that is, buying and selling, possibly on eBay. You can make good money doing this. I wouldn't buy stuff at thrift stores and garage sales. Instead, I'd be checking out overstock/surplus/closeout type items. Things I could buy NEW at below wholesale price, then resell... (I've done this before a few years ago, with surplus MP3 players back when they were new, and I could easily do it again with other items...) I'd be happy to sell online (eg. eBay) or at flea markets - depending on the item(s) I was selling... I'd do this to build up my cash reserves. The great thing about chatteling is - you can make money almost immediately, and you don't need a lot of cash to start. (Gordon Alexander, of course, is the "master" of chatteling - he literally wrote the book on it!)

At the same time, I'd also be looking into building an info-product business... Selling info-products online. I'd be open to selling other people's stuff (as an affiliate), as well as working towards creating my own stuff... If I were to start again, I'd probably focus on an area other than business information - because many of these other areas have less competition...! I'd try to set it up so that it would be as "automated" as possible...

I'm also interested in distribution (that is, of physical products). While I do have some experience in that area (helping my brother with a blank CD-ROM distribution business he set up in the past), it's something I'd like to take further... I can't say exactly what I'd deal in, because I'd have to check out the opportunities and choose what would look to have the most potential at the time...

I'd be working on my info-product business (which would hopefully be on semi-auto-pilot) and the product distribution business to grow them both!

I don't know if there's anything particularly illuminating there... Except, if you're low on cash, chatteling is probably one of the easiest businesses to start, that can turn a profit quite quickly!

Cheers

Dien
__________________
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 11:03 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.