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Here's why this business is brilliant...!
Thanks for sharing this... This really does sound like a fantastic business!
Why? I'll lay it out...
Let's first compare it to a franchise, as an alternative business.
Many people who want to be in business buy franchises every day.
They fork out on average from $50,000 to $200,000 to "buy in" to the franchise.
On top of that, they have to spend tens to hundreds of thousands on property fit-outs, and so on, plus rental on top of that...
What's the risk of it? How much could they lose?
The franchisee, if things don't go well, could easily lose hundreds of thousands of bucks!
Now... Let's take Don Alm's idea above...
What's the risk?
Why? He's using FREE software (Photostory 3)... a free resource to host videos (YouTube)...
So, if it doesn't work, what could you lose?
Maybe you have to spend $10 maximum on phone calls...
The financial cost is virtually nothing!
Yet... his student was able to get around $1,500 a week... about $75k a year!
So, let's compare the two... I googled what franchisees make, and I found that...
"According to a report on food franchising by Franchise Business Review, 51.5 percent of food franchises earn profits of less than $50,000 a year"
So, you have virtually NO financial risk, and you can make more money than a franchisee makes... Someone who paid $50,000 to $200,000 for the opportunity to make that money!
If the franchise biz doesn't work out, they could lose $50,00 to $200,000 or more...
If Don's idea doesn't work out, you could lose... maybe $10 spent on phone calls.
So which is the better business?
The reality is... Don's sharing real gold here!
Last edited by Dien Rice : March 10, 2015 at 07:47 PM.
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