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")...

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

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
  #1  
Old June 15, 2015, 08:11 PM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 1,974
Default How about some overnight success (sort of)?

A profitable business tomorrow, even if you don't have one tonight.

Dien's discussion on Flippa and buying websites is ONE way you can have a business in 24 hours.

This reminded me of discussions we've had over the years for rapid business, quick cash and residual income, now is as good a time as any to take another look.

We've discussed licensing deals. Patents and copyrights, barter, liquidation and finder's fees. There are gobs of little known or talked about opportunities.

Tiny the tow truck driver bought his first truck on a pay as you go from the profits, this is often found in Owner financing situations, basically, the owner acts as the “bank” or lender and the deal is often structured like a land contract (and sometimes involves real estate).

We looked at Ben Suarez' acquisition of a book, Vermont Folk Medicine, a best seller in the 1950's and how he obtained the marketing rights with a contract and no out of pocket money. He then sold boatloads of the new edition and turned the old into gold.

Many websites offer “ancient” tomes, book and courses which are now in the public domain. To borrow Boss Springsteen's verse, “hell a little touch up and a little paint” (Human Touch) and Viola you have a potentially valuable item.

Of course, your marketing skills come into play, but...BUT, you may be able to acquire ownership or a Toll Booth Position by simply taking over an existing one. There are four basic considerations for an acquisition... supply, demand, operations and marketing.

The ideal take over would have an endless demand, a readily available and preferably exclusive supply.

Also, the ideal would be hands off in the operations, that job being done by competent people better suited for it. And an already existing marketing plan, again, the ideal, one which could be scaled up.

I always look at distribution first, how does the consumer or buyer get the product or service. How is it distributed. It is a good first question when looking at an acquisition.

These are just some thoughts to get the ball rolling on some lesser known ways and not oft talked about methods for putting the dough into our pockets and mouths.

Gordon

Last edited by GordonJ : June 15, 2015 at 08:34 PM.
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

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | The Great Ideas Letter on CD | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Iftin Australia | Writer's Friend (software) | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

All times are GMT -4. The time now is 03:01 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.