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-   -   Would you invest 500 bux if you could make 900 profit in a day? (http://www.sowpub.com/forum/showthread.php?t=10255)

GordonJ November 23, 2018 09:56 AM

Would you invest 500 bux if you could make 900 profit in a day?
 
Or in 10-15 hours?

I don't think most people would do it. Mainly because most people can't talk to other people.

But as far as a Biz-Op goes, I think many people would invest 500 to get 1400 and pocket 900 gross. It has to do with the mindset.

Probably only 1 in 100 would be Internet marketers, who fiddle fart around for months (years) trying to make any money...

A person with a little gumption, can go out TODAY, give a business a really nifty gift for free, and have 1400 by the end of the day. Without having to have a web site or even a computer, but this is the state of opportunity today, too many people make it hard trying to make it easy.

Leaving the computer is ONE sure fire way to get ahead of those who won't. Just saying.

Gordon

PS. You're a terrible chatteler if you wouldn't buy for 500 and sell for 1400.

Dien Rice November 30, 2018 08:22 PM

Some would rather slave away for a month to make $2k - if they’re lucky...!
 
Quote:

Originally Posted by GordonJ (Post 39442)
PS. You're a terrible chatteler if you wouldn't buy for 500 and sell for 1400.

Hi Gordon,

A friend of mine recently joined a new MLM scheme... The big success stories in their promotions were those making $2,000 per month...

So, spend $500 and make $900 profit - in a day? Hey, with 3 days work (if you can get the same deal) you could make $3,600...

Or... work for 30 days, be a “big success” - to bring in $2,000? Which is better?

I know which one I’d prefer!

(I politely declined my friend’s offer to join the new MLM scheme... Which, by the way, also cost around $500 to join, if I remember right...)

Gordon - if I may ask - what can you buy for $500 to sell for $1400 (or thereabouts)?

Best wishes!

Dien

P.S. The Chattel Report gives some answers...!

GordonJ November 30, 2018 10:15 PM

An answer from our archives is...
 
Quote:

Originally Posted by Dien Rice (Post 39452)
Hi Gordon,

A friend of mine recently joined a new MLM scheme... The big success stories in their promotions were those making $2,000 per month...

So, spend $500 and make $900 profit - in a day? Hey, with 3 days work (if you can get the same deal) you could make $3,600...

Or... work for 30 days, be a “big success” - to bring in $2,000? Which is better?

I know which one I’d prefer!

(I politely declined my friend’s offer to join the new MLM scheme... Which, by the way, also cost around $500 to join, if I remember right...)

Gordon - if I may ask - what can you buy for $500 to sell for $1400 (or thereabouts)?

Best wishes!

Dien

P.S. The Chattel Report gives some answers...!


Well, a few things. But to make it happen daily, we look to Don Alm. You may remember I got involved in Don's daily specials menu board, and evolved the idea to putting my ads on the board with liquid nails, so I could change them easily, and therefore offer a quarterly rate to test the board.

Have you been to a restaurant recently and did you see a daily specials board of any kind? If so, did it have any ads on it? If not, maybe they would be interested in one, eh?

Back then, mine were heavy wooden things, and had two separate boards based on Don's model. Today, these things would probably be too heavy but the idea of an Erasable board, and daily specials can be found in many places including restaurants.

I was paying a few hundred bux for my boards, but getting many times that from the ads which went on them.

Now get this, and Dien, if you want to skype soon, I'll show you proof of:

TODAY, right now, I could spend less than 100 dollars, give a daily special board away for FREE to __________ (any number of businesses), and using the old shoe leather Don approach, sit with the owner getting the FREE board, and get 3 to 4 advertisers on it by noon. 350 an ad, less than a buck a day, to have your ad seen by hundreds of eyeballs a week for a whole year, and with an EITHER YOU OR YOUR COMPETITIOR attitude (Pure Don Alm), almost anyone could collect 1400 bux (four ads) and in TODAY'S case, walk away with a half of day's work to do, and a profit of 1300 NOT the measly nine we made in the old days.

Just one example.

So, I ask a simple question...have businesses today totally quit advertising or are there a few who still feel the need to get their name out to the people...if you have a few in your area, and a restaurant or other busy traffic center, all you would have to do is offer something for FREE in exchange for the names of their plumber, insurance man, dentist, chiro, barber, auto guy, etc.,

STOP them at 4, you're done for the day, go finish the board and play a round of golf, unless you want to make more, then go to the next restaurant/place down the street and REPEAT.

Just one example.

Are you sure you want to pass on the new MLM, all you need is two people who know two people who know two people who...

ah, never mind.

Gordon

BenjaminS December 8, 2018 06:52 PM

Re: Would you invest 500 bux if you could make 900 profit in a day?
 
1 Attachment(s)
I have made a sample board and will be giving this a try Monday.

GordonJ December 9, 2018 11:22 AM

Is that white board melamine?
 
Quote:

Originally Posted by BenjaminS (Post 39461)
I have made a sample board and will be giving this a try Monday.


Great. Good luck to you. Did you make that board? Does it have a stand, or is for a wall only?

Give it a go, let us know how you do, OK?

Good on you for taking some action.

Gordon

BenjaminS December 9, 2018 01:53 PM

Re: Is that white board melamine?
 
Quote:

Originally Posted by GordonJ (Post 39462)
Great. Good luck to you. Did you make that board? Does it have a stand, or is for a wall only?

Give it a go, let us know how you do, OK?

Good on you for taking some action.

Gordon


Yes, its a $10 2'x4' whiteboard from Home Depot. I bought 2 8' sticks of molding and stained them. Then used Gorilla Clear Stick Adhesive and they are finishing drying now. Altogether cost around $50 but there was less expensive molding if someone was on a budget. The only tools I needed was a paint brush and a mitre saw box which cost less than $15 combined. Really easy to do and inexpensive.

Originally, I was thinking of it being hung on the wall but the more places I look at offering it to, i'm realizing a stand maybe a good option to have and am looking into them today.

After taking the picture to upload here, I am thinking that if I flipped it sideways from my original plan and have the 4' be vertical, it will take up less space as some places I was having a hard time seeing where I could put something 4' without it being in the way.

I was also considering using magnetic boards going forward and just having the ads printed on magnets to make switching them convenient. Do you have an opinion on that?

Thanks and I'll definitely be back with an update on Monday.

GordonJ December 10, 2018 09:24 PM

So, how'd it go?
 
Quote:

Originally Posted by BenjaminS (Post 39464)
Yes, its a $10 2'x4' whiteboard from Home Depot. I bought 2 8' sticks of molding and stained them. Then used Gorilla Clear Stick Adhesive and they are finishing drying now. Altogether cost around $50 but there was less expensive molding if someone was on a budget. The only tools I needed was a paint brush and a mitre saw box which cost less than $15 combined. Really easy to do and inexpensive.

Originally, I was thinking of it being hung on the wall but the more places I look at offering it to, i'm realizing a stand maybe a good option to have and am looking into them today.

After taking the picture to upload here, I am thinking that if I flipped it sideways from my original plan and have the 4' be vertical, it will take up less space as some places I was having a hard time seeing where I could put something 4' without it being in the way.

I was also considering using magnetic boards going forward and just having the ads printed on magnets to make switching them convenient. Do you have an opinion on that?

Thanks and I'll definitely be back with an update on Monday.


My opinion on magnets, I wouldn't use them, anything that can be easily removed will be, kids and idiots will walk off with them. Another ad just pu over top of it would work, cut to size, liquid nail it on. I think 4 x 4 is too big for most places. I think either an easel or on a wall if there is one. Depends on place and if neither of those, maybe hung from the ceiling, but it can't be heavy to do that.

What did you encounter or learn your first day on the job?

Gordon

BenjaminS December 11, 2018 03:21 PM

Re: So, how'd it go?
 
Quote:

Originally Posted by GordonJ (Post 39465)
My opinion on magnets, I wouldn't use them, anything that can be easily removed will be, kids and idiots will walk off with them. Another ad just pu over top of it would work, cut to size, liquid nail it on. I think 4 x 4 is too big for most places. I think either an easel or on a wall if there is one. Depends on place and if neither of those, maybe hung from the ceiling, but it can't be heavy to do that.

What did you encounter or learn your first day on the job?

Gordon


I have found that going to random places, it is still difficult to find owners in. I have a meeting set up with an owner of a restaurant with 3 locations tomorrow and their specials have been hanging on the window for so long that they have prices crossed out and written over. I also have mentioned what I'm doing to friends and someone has a cousin that owns a barbershop and a separate one that owns a small restaurant and have meetings set up with them for Thursday and Friday.

The couple of places that I found a decision maker that turned me down, they said that it looked nice, one restaurant already had a glow in the dark sign, and a dry cleaners just didn't have the room for it.

GordonJ December 11, 2018 08:33 PM

Good for you getting out and seeing people. Now, you just
 
Quote:

Originally Posted by BenjaminS (Post 39470)
I have found that going to random places, it is still difficult to find owners in. I have a meeting set up with an owner of a restaurant with 3 locations tomorrow and their specials have been hanging on the window for so long that they have prices crossed out and written over. I also have mentioned what I'm doing to friends and someone has a cousin that owns a barbershop and a separate one that owns a small restaurant and have meetings set up with them for Thursday and Friday.

The couple of places that I found a decision maker that turned me down, they said that it looked nice, one restaurant already had a glow in the dark sign, and a dry cleaners just didn't have the room for it.


...to GRIND away. Good luck, keep at it, keep us posted. We have a lot of experience with this, so we may have an answer or two along the way.

Gordon

BenjaminS December 12, 2018 03:48 PM

Re: Good for you getting out and seeing people. Now, you just
 
Quote:

Originally Posted by GordonJ (Post 39471)
...to GRIND away. Good luck, keep at it, keep us posted. We have a lot of experience with this, so we may have an answer or two along the way.

Gordon


I got the green light to put up my board at the restaurant but he wasn't much for leads. I did get his insurance guys card but that's all he had. There were a few business cards there from people that do hair and lawn care so I'll get in touch with those people too. I'm at my main job until 7 pm so I'm not going to be able to start selling until tomorrow morning but so far so good. I have somewhere to put my board and am excited to get out there and sell some ads.

GordonJ December 12, 2018 05:52 PM

This may or may not be of help.
 
Quote:

Originally Posted by BenjaminS (Post 39472)
I got the green light to put up my board at the restaurant but he wasn't much for leads. I did get his insurance guys card but that's all he had. There were a few business cards there from people that do hair and lawn care so I'll get in touch with those people too. I'm at my main job until 7 pm so I'm not going to be able to start selling until tomorrow morning but so far so good. I have somewhere to put my board and am excited to get out there and sell some ads.


Mock up pics are easy to make. So, I like to put a little salesmanship into it.

When you call his insurance guy, you tell him he is the first choice, has the first right of refusal, and if he says no, then ask if he knows (name his competitor), it takes some confidence, but the right attitude is...(for me)

It doesn't matter to me who is on the board. If the Allstate guy says no, I'll go to Geico, or Farmers, or State Farm...and having MOCK UPS with these guys on them, often tips the scales.

You can easily create a mock up with colored pens, or even stock images from google. Imagine showing up with a pic of the board and having 3 insurance ads on it, including his, and telling him, well, of course ONLY one insurance guy gets on, but since you do business with the restaurant you get first chance to say no...and then, if he says no, ask for directions to his nearest competitor.

Gordon

BenjaminS December 15, 2018 01:23 AM

Re: This may or may not be of help.
 
Quote:

Originally Posted by GordonJ (Post 39473)
Mock up pics are easy to make. So, I like to put a little salesmanship into it.

When you call his insurance guy, you tell him he is the first choice, has the first right of refusal, and if he says no, then ask if he knows (name his competitor), it takes some confidence, but the right attitude is...(for me)

It doesn't matter to me who is on the board. If the Allstate guy says no, I'll go to Geico, or Farmers, or State Farm...and having MOCK UPS with these guys on them, often tips the scales.

You can easily create a mock up with colored pens, or even stock images from google. Imagine showing up with a pic of the board and having 3 insurance ads on it, including his, and telling him, well, of course ONLY one insurance guy gets on, but since you do business with the restaurant you get first chance to say no...and then, if he says no, ask for directions to his nearest competitor.

Gordon


Catching up with their insurance company hasn't happened yet, i'm not letting it slow me down though. I went and visited a couple auto repair shops and found someone willing to trade winterizing my car/ oil change and paying the difference for an ad. And then I found a phone repair shop that wants to pay quarterly. I think the biggest reason is to make sure they could change ads throughout the year and we agreed to $100 down, $85 every 3 months and $20 every time we change the ad.

I also believe I'll be able to help the phone repair company advertise on a few different boards based on our conversation and their service area.

Being able to get 2 spots filled without any referrals and the amount of time, I've invested has me excited to keep going. I definitely can see how with a few more referrals from a business and a few businesses that want to advertise on more than 1 board can lead to these being filled very quickly.

I printed out ads that were generic and they've been working so far, I put 3 on there and make it look like 1 is available. Even without there being a company name on there, I think people just assume they're real. They literally say like "abc insurance" or "abc auto" but when I go to target just a single type of business I will give your strategy a shot. Thanks for all of your advice.

GordonJ December 15, 2018 10:45 AM

You are doing fantastic. Keep it going.
 
Quote:

Originally Posted by BenjaminS (Post 39475)
Catching up with their insurance company hasn't happened yet, i'm not letting it slow me down though. I went and visited a couple auto repair shops and found someone willing to trade winterizing my car/ oil change and paying the difference for an ad. And then I found a phone repair shop that wants to pay quarterly. I think the biggest reason is to make sure they could change ads throughout the year and we agreed to $100 down, $85 every 3 months and $20 every time we change the ad.

2 spots filled without any referrals and the amount of time, I've invested has me excited to keep going. I definitely can see how with a few more referrals from a business and a few businesses that want to advertise on more than 1 board can lead to these being filled very quickly.



Good stuff. ACTION. GREAT. Results, what you want.

100 down, 85 x 3 = 255, and with an ad change, an additional 60, so, 415 per ad, is the potential for this model, and with 3 of the same, it would be

1245 minus your costs. So, you're close to the model I posted about, and may get that 900 bux profit. Do a board or two, and I'll show you ways to reduce your costs, and make things faster.

ACTION is rewarded. And considering it a part-time gig, if you perfect your approach, you've given yourself a pretty, pretty,
pretty,
pretty good pay raise for next year, and didn't spend a fortune doing it either.

We're here to help, I love to help those which choose to DO. A lot of power in taking action.

Keep it in motion.

GordonJ

BenjaminS December 17, 2018 02:43 AM

Re: You are doing fantastic. Keep it going.
 
Quote:

Originally Posted by GordonJ (Post 39477)
Good stuff. ACTION. GREAT. Results, what you want.

100 down, 85 x 3 = 255, and with an ad change, an additional 60, so, 415 per ad, is the potential for this model, and with 3 of the same, it would be

1245 minus your costs. So, you're close to the model I posted about, and may get that 900 bux profit. Do a board or two, and I'll show you ways to reduce your costs, and make things faster.

ACTION is rewarded. And considering it a part-time gig, if you perfect your approach, you've given yourself a pretty, pretty,
pretty,
pretty good pay raise for next year, and didn't spend a fortune doing it either.

We're here to help, I love to help those which choose to DO. A lot of power in taking action.

Keep it in motion.

GordonJ


I am going to alter my sales pitch a little when I go out to fill the other 2 spots tomorrow. I am going to make it easier to say yes to when they ask about price. I'm going to say its $120 for every 3 months or you save 25% when you pay for the whole year up front. When I tried co-op direct mail before I talked to people that I think would of tried a new marketing strategy for $120 but didn't want to risk and/or pay $350 at once and will allow me to hopefully close these special boards more quickly.

Will be back with an update when I finish this board.

- Ben


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