What Would You...?

Greetings Ankesh,

Originally Posted by Ankesh

What would you do to make more money if all you had was $100?

This is easy.

I would make an ad layout, that would go on a mug.

I would use the $100 as gas money to drive around to different businesses.

I would invite them to be apart of my promotion.

I would guarantee them ad exclusivity, from their competition.

I would provide them with a captive audience, for 1 sold year or their money back.

I would donate the mugs to prequalified businesses, that will put the mugs into use right away.

The businesses that take part, pay all the expenses and profits up front and no money ever comes out of my pocket.

When I do these promotions, I pocket between $1600-$2000 free and clear. My first year I did 8 promotions.

Click Here to grab a copy of my easy step-by-step how-to system today.

Woody Quiñones
The Promotional Guy

Some Good ideas...

But let's be Honest.

Ankesh's Question was...

(Question updated from "What would you do to become (rich) if all you had was $100?")

And getting Rich, whatever it might mean to "You" takes Hard Work and Time for most...

Otherwise it Ain't going to Happen!

Afterall...

How long did it Take all you 6 Figure Plus Income guys & gals to Get to your Level of Success?

And We know there's a few SowPubbers in the 6 Figure Plus Club...

Maybe a Topic for another thread...

Phil

What would you do to make more money if all you had was $100?

Been there - done that - got the t-shirt.

But seriously, I've been in that position more than a couple of times and could give you a list of the things I WOULDN'T do again.

On the top of that list would be "attempt to start a business".

In the big picture, $100 is pretty much the same as $0

If I had to do it all over again, I'd take that $100 and fill up the gas tank and stock up on food.

Then I'd go out and get a job a try to get something going on the side until I had a substantial amount put away to start a real business.

Jim

Originally Posted by Phil

How long did it Take all you 6 Figure Plus Income guys & gals to Get to your Level of Success?

Just a year, that's all.

Well, that's if you don't count the 17 previous years of living dirt poor while trying to figure things out and jumping from one idea to the next without being able to perfect a single one.

But who counts that stuff anyway?

That was all the "learning" and "trial and error" stuff.

No need to count that stuff.

Once things were figured out, just a year (and about 20K in equipment) to 6 figures.

I should note though, that I have never actually paid myself 6 figures, not even half of that. I've never had the need. This is a big mistake (IMO) that I see a lot of people make when they start to make real money.

I'm much more focused on growth than I am on income at the moment. It would have been real easy to pay myself 100 or even 200K the last few years but I don't want 100 or 200K a year. I want a million bucks a year, and until I'm there, pretty much everything goes right back into the business to grow it to that point.

Once I'm there, I'll gladly forget about future growth and focus more on stability and maintenence of the business, and I'll gladly put that million a year in my pocket.

Jim

Hi Ankesh,

Your original question dealt with becoming rich. As you probably guessed, I'm fascinated not so much with the Individual techniques of money generation, but more so the Mindset of truly successful people.

That said, I was instantly reminded of a passage I had read about Richard Branson and what HE would do when his company was "Cash Strapped" (whatever that really means for Branson). Not An exact match to your challenge, however I figured it would be wise to peak inside the mind of a "RICH" person since that was the End Result of the challenge right :->

"When Branson's Firms ran out of cash he EXPANDED instead of cutting back,
which is the conventional wisdom. To escape from chaos create more chaos.
The problem is often lost in the resolution. Branson's approach appears to be a bit foolhardy but it is the path to power for those with the intestinal fortitude to live life on the edge. As I tell my class, Tattoo Spider-Man on your psyche and attempt to fly across steep precipices and sometimes you just might make it." (pg 30 of 246 The Superman Syndrome Dr. Gene Landrum)

I have heard Dan Kennedy Mention a similar attitude when asked what he would do different when times were "BLEAK". Dan answered something to the effect that he would be working on TWO plans.

Plan #1 would be taking care of the current pressing need. BUT

PLAN #2 was to be working on a BIG, JUICY Plan that REALLY got him Excited.

So A BIG Part of your challenge would be to Ignite Your Imagination. Form a BIG HUGE Juicy Picture of A PERFECT End Result (Like Gordon Mentioned Get Clear).

I mean if you are gonna think...

"THINK BIG...Live LARGE" Donald Trump

Everyone reading this can sort of "benchmark" where their answer stacks up in terms of similarities or differences to some these "Rich" people

Just a thought...

Duane

Originally Posted by Ankesh

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 make more money if all you had was $100?

Should get some creative juices flowing.

(Question updated from "What would you do to become rich if all you had was $100?")

Hey Duane,

On the Mention of our buddy The Donald...

Interesting Reading...

Some Free... some Not...

And for those that might need a little business web Traffic...

There have been a few posts, where the Links...

Have received some “Incredible” Traffic just for being part of The Donald...

Definitely... Think about Getting some Donald exposure...

Of course, you've Got to be Creative to get his guys to write about You and/or a Quality information exchange to get that Powerful Link exchange...

http://www.trumpuniversity.com/blog/index.cfm
http://www.trumpuniversity.com/
http://www.trump.com/

Phil

[Ankesh]

Thanks Duane for talking about the mindset.

We know what Aristotle Onassis would do with $100. Rent a suit and go where the rich hang out.

Thanks also for reminding about Dien's Game Show posts. They are some of the best posts of sowpub. I'd printed them out when I first read them.

I did have that thread in mind. In fact, if I just had $100 I would do what the winner of the Game Show did.

Organize a seminar. Barter with the speaker and give him proceeds of ticket sales. Promise to pay more for the place and food after the event. Joint venture with the speakers themselves to promote the event. And sell a few things at the end of the event.

This is a bit complex to pull off though.

Another quick idea I would chase is the pizza coupon idea discussed on sowpub some time back. Its I think one of the easiest ideas to pull off with very good returns - if you have almost no money.

Get the pizza places permission to print and sell their pizza coupons. Go door-to-door (or hire students) and sell the coupon sheets. $50 coupon sheets can sell for $10. Only cost is printing cost.

--

Chatteling is a good idea too. But I've never gotten deep into chatteling.

This is very interesting reading:
http://oneredpaperclip.blogspot.com/

And so is Gordon's experiences in the chatteling forum.