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Old August 12, 2017, 01:07 PM
GordonJ's Avatar
GordonJ GordonJ is offline
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Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 1,921
Default Some more hard mind candy for your brains to suck on.

Quote:
Originally Posted by sandalwood View Post
Gordon,

If the recent news of the many retailers downsizing or closing their doors is anywhere near correct, you wrote a great post. In fact, it is spot on.

Let me offer my opinion. I make no bones about the fact I own an insurance agency. The number of employees is zero since, as an owner, I am not an employee and I don't have any agents.

I also don't traffic in retail type profits.

I write a piece of paper, send it to the underwriter who either approves it or rejects it. If approved I get paid. If not, I don't. No inventory, no products, no nuthin but my pen and an app.

Of course I spend my time and effort in finding clients but so do hotsheet publishers and retail outfits. I'm not saying anything negative about hotsheets or other information products. Use to sell one until I got stupid and lazy and pulled it off the web. My loss.

Plus, once you buy, I get paid for up to 10 years depending on the company and if you keep the policy that long. Not a bad APV or hotsheet biz, right?

Anyway, you make a good point and just pointing out there are more ways to skin a cat in this ole world.

Here are 2 others I do as a sideline:

Energy conservation
Loans

A guy can make a nice living never having even one product to sell. Simply finding the audience and making them aware of your wares is enough.

Keep up the mind candy. We need to hear it.

Good thoughts. Back in the day, as a licensed Real Estate Agent with the GRI designate (my broker made a big deal about me getting it), I came to a similar conclusion that I did with Chattel...

although I will from time to time buy and flip a licensed thing (car, RV, boat, etc.) I shy away from licenses. Correct me if I'm wrong, Insurance agents, like loan brokers or realtors need to be licensed? Right?

And, of course they need to have affiliations with underwriters, brokers, bankers, realtors, etc. So, although YOU may think all you have is a pen and a piece of paper, the truth is you have SPECIALIZED KNOWLEDGE and are licensed to use it in your state.

But your post reminds me of a topic we did 18 years ago about PEN and PAPER businesses, and you mentioned 3. Gary Halbert sold thousands of would be copywriters on the idea all you needed was a pen and a pad of paper, head to the beach, sip a cold one, and easily make your six figures a year from there.

In 50 years, and having known scores of copywriters, including Gary, he is the only one I can name who actually did it.

I would argue that most people with specialized knowledge and a license to use it, may get to the APV or Hotsheet set it and forget it, automatic income stage, but
setting up an APV can be done in a day, NO license required.

A hotsheet can be done in an hour (just did 2 today, both in an hour) and no license or specialized knowledge is required.

TIME is a different story altogether, IF one wants to learn, and wants to get licensed, there are dozens of those kind of cats which could be skinned, which begs the question...

other than lions, tigers and other big cats, why would anyone skin a kitty, they don't make good coats do they? Cows and Naugas, yes, but kitties, hardly!

GordonJ

PS. I know a pro lottery player who would say he doesn't even need the pen, both paper and pencils are made available to him, although, he is one in a million, but maybe, so are the top realtors, insurance agents or Wall St. brokers.
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