Brainstorm

**White8** · Jun 29th, 2008, 02:46 PM

Originally Posted by Yankees338

I could be way off base here, but I think he was referring to "owning the chain", but using real estate.

An example of a vertical monopoly in business would be a corporation that owns the manufacturing, wholesaling, and retail ends of the business. Carnegie, with his steel company, is one of the greatest examples of this.

One way I could relate this to real estate would be to own the properties, the management, the brokerage firm, and even the financing. Hard to do? Absolutely -- but it's definitely FASTLANE!

Oh...and the reason I know this? I got it wrong on my test in my AP Econ (Economics) class, and I learned.

Good Job Yankees! That was what I meant. By building a vertical monopoly rather than giving the profit for a particular phase to a third party you essentially take it from your right pocket and put it in your left pocket. It also puts you in a position where you can produce a product at a lower price provided you have the ability to build a monopoly that covers a considerable part of the process and don't run afoul of anti trust laws.

**camski** · Jul 1st, 2008, 06:09 AM

Originally Posted by shaoblivion

Basically, I just turned 18, I work at Domino's

I'm gonna try to find something that will passively make me enough income to live on and have some fun so I can quit my job and devote more time to planning my big business idea(s

I applaud you on wanting to start your own business but one thing I might add is to not be so quick to quit your job. A job is a great way to learn business. And it just so happens that who you work for has a great history behind it Our Heritage

i would encourage you to spend some time learning "business" and where you currently work would be a great place to start.

**MsMoney** · Jul 1st, 2008, 06:39 PM

Originally Posted by shaoblivion

Ok everyone, here's the thing. This is a question we've all asked so it's nothing new and I'd appreciate the help.

Basically, I just turned 18, I work at Domino's and I got an old rent house from my grandpa for a graduation/birthday present. That being said, I, like the rest of the population, want out of the 9-5. I've tried several MLM scams that got no results and now I'm ready to get serious. I'm sick of living from check to check and since I was 12 I've wanted to start my own business. I have no cash to invest at this moment, but I can invest enough for a website. At an early age I started web design and I can do enough to get by with.

So by now you're wondering what the question is. Well, for the last few years I've been trying to think of a way to make money just by owning the "business." However I can't seem to come up with a rocksolid foundation. I'm not looking to make millions instantly or even ever if that be the case. I just want a reasonable income and all the free time I could possibly imagine. So here's the question: What do I do?

I don't want to have to keep up with stocks and what not as far as selling products. Something simple to generate atleast $1500/mo. I know that there aren't many people who would sit down and draw out a plan for me but I need some help. I don't know exactly what the best way to make money online would be. Selling things or advertising seems common sense. So what do I sell? What do I advertise? Specifically please. I want to either do something new or improve on something enough where people would rather go to me instead of the next leading corp.

Like I said, I'm not asking you to write me out a plan, I definitely want this to be about me but I can't seem to think of anything that seems successful.

Might I suggest a really good read (and small too!)..."The Richest Man In Babylon"

Enjoy!

**MJDeMarco** · Jul 11th, 2008, 01:17 PM

Originally Posted by JScott

Just remember, if a month from now, you're no longer on this forum and are not in the middle of executing on you next business idea, it's *NOT* because we couldn't give you all the answers, it's only because you weren't willing to make the effort. Don't let that be case...it doesn't have to be the case...

Bump for status.