Ankesh
September 9, 2012, 05:28 PM
“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.
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.
