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: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month 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

Reply
 
Thread Tools Display Modes
  #1  
Old May 14, 2018, 04:35 AM
reading
 
Posts: n/a
Default answer for the 100 dollar a day question

I don't remember the "original" thread, but variations of this question get asked at least once a month or more often. My answer always starts with TIME, and how much of that is a person willing to trade for the 100 smackeroos...10 hours a day? UH, probably not. But 4 hours, or the equivalent of a part-time job, one that pays 25.00 per hour, might be MORE acceptable, especially for the Internet crowd.

AND then, the next question would be: Would $700.00 per week be an acceptable substitution for the 100 per day?

Silly question? I don't think so, because the extension of that would be; would 2800.00 per FOUR weeks be an acceptable substitution for the 100 bux a day?

BECAUSE, without knowing how much time a person is willing to exchange for a particular level of income, then any answer might be considered; foolish, impractical, UNdoable (God forbid anyone has to DO something for the money, HEY, even my 9 year old daughter knew that; "You don't get paid for doing nothing!").

With that as the set-up...and my answer will shock NO one...

Buying and Selling Personal Property (Chattel) is ONE answer.

This moring I sent out a HOTSHEET (Chattel Bulletin 910) to those currently enrolled in The Beginner's Guide to Chatteling Course. This one page little HOTSHEET pointed people to one area of Chattel that is HOT...showed them a few examples of things that have consistently sold on eBay for the past 5 years, something in a given price range that gets 20, 30 and even 40 or more bids per auction.

AND, every transaction has the potential of putting anywhere from 700 to 2800 dollars in a person's pocket, and that with about 10 hours of work.

That is JUST ONE area of personal property...and forget about corporate chattel...where those kind of transactions happen every day of the week.

OK. Now for a little TRUE LIFE story...

I was sitting around the camp fire recently at a local camp ground and listening to this guy tell how he "discovered" a great ROI (return on investment)...turns out his interest bearing checking account was giving him, and he swore this was true...a whopping .0044 % per annum. Or about 44 cents per hundred dollars...

SO, he went shopping and found some REALLY GOOD deals from banks, he found he could get almost 5% from one of them, if he tied his money up in a CD...BUT, then he found a LENDER, I believe it was Beneficial Finance, but I'll have to check on this...

That would pay him the incredible ROI of 8%...HE WAS ECSTATIC! The only problem was, it was NOT FDIC (Federal Deposit Insurance Corporation) and if this company went belly up, he's out his money...and I pointed out that there hasn't been a Savings and Loan or Predatory Lender go out of business in the last, uh, 24 hours.

Anyhow, he tells us he just transferred 10 grand to that account. Then he told us how he "secretly" (that means without his wife knowing about it) bought a few ounces of GOLD...YIKES he's gonna make a killing...then I peed on his parade.

This is the part you might actually learn something

I pointed out that if he sold the RV he had bought for the summer, he paid 10,000 for it after shopping and researching for a month...for 11,000, which was still a few thou under MARKET VALUE...

That his 10 grand investment in CAMPING AND HAVING FUN, would return more money to his pocket than his 8% deposit in the lending company...

AND he was shocked.

Millard, and others, there is a never ending stream of Chattel being bought and sold all over the world. This is the "general" ROI that you can expect IF you really get into it:
For every 1000 dollars you put in "Circulation", you SHOULD expect a 20% ROI, that is, 200 dollars NET profit for every piece of chattel you buy at for 1000.00
So, if you had to do it on a day to day basis, then you'd have to buy something for about 500 dollars and sell it for about 650 and VIOLA you've got your 100 bux a day.

BUT, and this is a better way, I think, IF you were to BUY something for 2000 then you'd sell it for 2500 (very doable) and that would give you 400 bux for a single transaction with probably less than 5 hours invested into it.

Do ONE buy at 4,000.00 (similar to what I sent out in the HOTSHEET today) and your average ROI NET, would be 800 dollars if you were to sell it for 5200.00 dollars.

This 20% ROI has been consistent with buying and selling chattel during the last 25 years that I've been doing it, with every once in awhile doubling or tripling that ROI.

FIND one restaurant you are calling upon anyhow, and at the end of your presentation, whether they do your ads or not, simply ASK, do you have any restaurant equipment you would like to sell OR is there anything you WANT and are looking to buy?

Could be yes, no OR it could be, "Millard, we've got a Hobart Mixer we don't use anymore, we'd take 1200 bux for it." Then add 300 to that price and ask every restaurant you enter if they would be interested...ASK in a COLUMBO sort of a way as you are leaving, with or without your advertising order.

Do a few of those a week, and you'll wonder why anyone in their right mind would think of ONLY 100 dollar days.

CHATTEL is MY answer. But then, you already knew that.

Gordon Jay Alexander

PS. I detail these things in The Beginner's Guide to Chatteling
Reply With Quote
  #2  
Old May 14, 2018, 08:08 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,471
Default Hmmm?? Is there a question?

This is an older post, not sure why you reposted it, is there a question?

Gordon
Reply With Quote
  #3  
Old May 14, 2018, 10:03 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,471
Default I like to give new users the benefit of the doubt.

Quote:
Originally Posted by GordonJ View Post
This is an older post, not sure why you reposted it, is there a question?

Gordon

For whatever reason this was posted, let me address it... I still think buying and selling is a nifty resource to have in your tool belt, EVERGREEN, never ending Parade of Life activity.

I, however, no longer work with people on this subject. I prefer to fly low and collect the dough, BUT, my new favs are found at fleamarketflipper.com. They have a year or more of deals they've done. They offer courses. They made over 100k last year doing exactly what I wrote about 25 years ago.

So, if anyone is interested in buying and selling stuff to make money, you have a great place to start with fleamarketflipper dot com.

The Chattel Report, or off shoots are no longer available to my knowledge, if someone is selling it, it is without my after support. I no longer involve myself in other people's chatteling (with few exceptions).

Thanks for looking into our archives, they go back 19 years...lots of gold in there.

And if you (the general new you) have any questions, just ask.

Gordon (the FORMER Mr. Chattel)
Reply With Quote
  #4  
Old May 14, 2018, 06:53 PM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,471
Default The differences between me and the fleamarketflipper...

I like what they do, buy and sell, anything. What I don't do is:

I chattel for the money, I truly FLIP stuff, never store anything. Of course there is no right or wrong, whatever works for you, works.

My older brother was stubborn about holding onto cars which he 'KNEW' were worth more than what people offered. Even though I proved time after time, that circulation beats storage 6.5 days a week.

Rob, the fleamarketflipper has shown he likes to tinker, fix things up, and he had a big storage unit where he kept his buys. Today he uses freight, and is not afraid to buy heavy furniture, appliances and even industrial size chattel.

I want to buy today, and SELL TODAY, if I can...and make a profit.

We once bought a car for 400 dollars, flipped it for 2500, even though the blue book and "street value" was about 1500 more. Brother wanted to hold it.

I sold it (in this case, title was just in my name). The 2000 dollars we kept in circulation more than made up for the 1500 he thought we "lost".

Today, I saw a snow blower on the curb. Rob would pick it up (just guessing and assuming), fix it and send it down the road for a 100 dollar profit, that is, if he lived in Ohio. Not much call for a snowblower in FL.

I walked on by. Someone will pick it up, small engines are one of the easiest things to repair, SOMEONE, is either going to profit from this curb item or have a way to clear their drive next winter. That is STORAGE all the way.

NOW is lawmower season, and AIR CONDITIONERS, and garage sales.

I never liked appliances, big things, especially washers/dryers and couches. My chattel mantra was/is, back seat of the smallest car, with some exceptions. Now one of my students is killing it with restaurant equipment, and has hired his young strong nephew to help him move stuff, actually started that as a sideline hustle, moving stuff (although he recently found out about licensing and FEES for certain kinds of moving, albeit, he has insurance, county to county, moving regs differ).

The point is, YOU aren't making money until you SELL something, but tinker, fix, repair and HOLD all you want. It is, and you'll find this to be true of the people who do more than occassionally dabble, the more you flip, the more you make.

There is just too darn much chattel laying around, an insatiable buying market, a never ending supply and a profit when you stand between buyer and seller.

You can OVER complicate things, or just keep it simple. Buy today, SELL TODAY, for a profit, put the money back to work.

Get to a certain cash level, just rinse and repeat.

This is my short and sweet answer to the email, from one of you, asking about how I differ from the fleamarketflipper. I like what they do, although, I'd be inclined to flip a little smaller and lot faster, but what works, works.

Just do it. And don't lose any money. OK?

Gordon
Reply With Quote
  #5  
Old August 30, 2018, 08:18 AM
CharismaCheck
 
Posts: n/a
Default Re: answer for the 100 dollar a day question

Hey everyone, I am searching for a new job now and I am running out of money slowly. What it's better to do in my situation. I've been reading payday loans online reviews for a few days and found some good offers but is it really a good Idea to solve the issue that way?

Last edited by Dien Rice : August 30, 2018 at 11:32 AM.
Reply With Quote
  #6  
Old August 30, 2018, 09:42 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,471
Default It is an act of desperation, but for a small % a viable option.

Quote:
Originally Posted by CharismaCheck View Post
Hey everyone, I am searching for a new job now and I am running out of money slowly. What it's better to do in my situation. I've been reading payday loans online reviews for a few days and found some good offers but is it really a good Idea to solve the issue that way?

Unless you have a PLAN, I strongly advise against a PayDay loan of any kind. What will you use the money for? See, it goes like this,

One hasn't enough money to cover a debt or bill, so they borrow. Normally against an incoming check of some kind. Others require collateral, the pink slip on the car.

So, how do you payback the loan? What happens in most cases, it creates a vicious cycle of borrowing, again and again. These predatory lenders know how to make THEMSELVES MONEY, and how to squeeze you if you don't have any.

I think it should be a last chance option, especially for someone without a job.

What sort of job are you looking for? What is that market looking for and how long do you have to look? If considering a PayDay loan, it means you are running out of time.

Is there any part time work, any "chores" type work you could do to keep you afloat?

Do you have ANYTHING to sell? But most important, what is your PLAN to get either back on track, or on track so you don't need to consider this desperate option?

GordonJ

PS. As most review sites, the one you linked to is an affiliate of their top selections...hardly UNbiased in my opinion. Also, NONE of these predatory lenders will give you an unsecured loan, for something like that, you need to turn to family, friends, or crowd funding.

Last edited by GordonJ : August 30, 2018 at 10:30 AM.
Reply With Quote
Reply


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...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine)

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


All times are GMT -4. The time now is 06:59 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.