SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Ordinary housewife makes $120,000+ a year in her spare time, using a simple idea, and her driveway!"

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #2  
Old May 16, 2017, 11:18 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 2,293
Default Part 2. I know many people who have spent...

Quote:
Originally Posted by GordonJ View Post
It feels a little like the time right before we left Guam to go on patrol, which lasted at least 60 days.

Facing two months submerged under water put butterflies into all the crew. I've been working very hard the last 2 months on creative projects, and don't ave much interest in the Internet, or business or marketing.

Very soon, I'll be on "patrol" again, with a busy schedule. Before I leave the dock, this sage harbor, here is food for thought...this from a chattler, who NOW specializes in restaurant equipment.

What would you do if you knew you had 100 bux a week coming to you for the next 6 months? IF that were "guaranteed" or mostly so.

My chatteler apprentice has been at for over a year now, he stumbled before Christmas because his wife made him spend some of his profits (against my very sound advice not to, but, hey I was married once too)...

In reality he told me he had 3k to start with, I made him bank it, and to use only 100 bux a week to build his chattel business. He listened (because he had lost 3x that much flitting around and fiddle farting his way through IM).

So, I caught him at the right time.

His goal was to make 10% a week. On Monday he started with 100 bux, and by Sun evening, he had to show 110 dollar profit after expenses.

Then, Monday morning he withdrew 100 bux from his chattel account and added it, so the next Monday he had 210 to use, so his profit goal was 21 bux, 10%.

For the first few months, he was getting antsy, but our agreement was he couldn't touch 2600 of the 3k he put back. He could use his own money for other deals, but none of 'OUR' money.

He did great up to about 4,000 then ran into a wall, mainly because he lacked knowledge of higher priced products, at which time he flipped a couple of autos, and, of course, he thought he should make more than 400 from the flip, but he didn't want to piss me off, so he continued.

This is when he found a few really good restaurant deals. And he got a quick education by immersing himself in the used restaurant equipment business, which has become his current specialty.

If you want to spend 5 mins with your calculator, go ahead and add 10% to 100 dollars every week. Here is what happens.

At week 26, you'll be at 7500 buck level and 10% will give you 750 profit. NOW you can start spending it. You will be making more than the average American takes home, and if you have spent the 6 months to build your networks, as my chattel apprentice did, you will be able to make very quick transactions.

This was just from my way, he doubled that by making deals with his own money.

Now here comes dinner:

I know many people who... (con't in part 2)

...have spent 2500 to 3000 bux on a guru, recently two disgruntled students of some guru asked for my advice and I sent them back to the guy they gave the money to, wouldn't you?

Anyhow,

Some reading this have spent far more than the 2600 dollars and even YEARS of time, and haven't gotten to a very easy 750 bux a week from 10% transactions.

OK. Some of it has to do with distraction. Or desperation. Or lack of discipline. Many feel chatteling is nickel and dime yard sale stuff. My restaurant friend, now making several thousand dollar transactions, and doing better than 10% would disagree. So would his wife.

Why not adapt this formula? For whatever amount you have to put back, if any at all. Instead of buying that new 2k guru launch, why not pay yourself 100 bux a week for the next 20 weeks and see if you can make 10%?

First week, sell 2 10 dollar reports, profit over 10%, next week, sell 3, then 4. Use the power of cumulative efforts until you have the money to make you the money you want!

Just some food for thought.

Dessert anyone?

GordonJ

Last edited by GordonJ : May 16, 2017 at 01:53 PM.
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...

Rare "insider" peek at development of a direct mail piece...
Joe Cossman. Worth a watch.
How to evaluate a Biz-Op like a Shark, for fun and P R O F I T !!!
How about a review of ideas? Business, life and everything else.
NEW and different COPYWRITING course. Limited.

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | The Great Ideas Letter on CD | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Writer's Friend (software) | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 09:26 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.