Chatteling To $50,000 from $100 By December 31st - Possible?

[Ankesh]

“Always aim for the Moon, even if you miss, you'll land among the stars.” ― W. Clement Stone.

So good on you to have big audacious goals.

As Cornell says - there was a private doubling forum at sowpub where quite a few folks participated. It was based on the doubling challenge by Stuart Goldsmith. But it petered out because folks found doubling too hard.

Don't aim for doubling on a deal. But aim for a quick turnover of deals. So that even if you manage to earn just 8-10% per deal, if you can do 7-8 of them in 10 days, you'll be ahead. So aim for quick turn over.

The best thing to look out for is either one specific product - or one specific audience. That helps with quick turn overs. Dabbling with multiple product categories or a wider audience may lead to finding deals with higher profit margins - but it takes a lot of time.

Cornell,

I appreciate your input, you're a very generous person, and I will take the advice to heart and use it.

The $200-$400 range is kind of where I figured the doubling opportunity would start getting harder.

Ankesh,

Thank you for your input as well, you are an inspiration to all. I will also plan on doing short high volume turn arounds as well.

One thing I'm thinking about modifying is my starting capital. I actually have a few things I don't use around the house that have stored value, I will be liquidating them as well to add to my coffers.

[MMacGillivray]

I'll be following your Challenge thread - good luck and well done BTW, I can almost taste that barby.

Margaret

Thanks it was a great burger! Feel free to post in the Challenge thread as well.