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Recent content by rod_lleyton

  1. R

    Think I found my niche

    Actually, I'm doing the exact same thing. I'm currently trying to learn as much as I can about the online world and how e-commerce/internet marketing works. Someone here suggested the 30 day challenge (called "The Challenge" now) so I'm doing that right now. Learning quite a lot. There's so...
  2. R

    My initial blunders

    Hi Bateati, I guess by "incentives", I meant anything you'd be willing to do to clinch that deal with the chain stores, without jeopardising your own business. One question to ask is, "how important is this order going to be for me, in the long run?" And that's why long term planning is so...
  3. R

    Anyone used Facebook Ads before?

    WEB/DIGITAL 
    I've now read a few articles indicating that the click through rate for Facebook ads are in fact reeeeeeeeeeally low, compared to Google Ads. But the advantage is that it increases exposure to your product - and if the users don't click, you don't pay (under one of the options). So it's pretty...
  4. R

    Anyone used Facebook Ads before?

    WEB/DIGITAL 
    When it comes to technology, I think I'm still living in the 1990's :groove: - but I'm desperately trying to change that :smxF: . The kids I coach know too much so I'd have to catch up! I've read what I could so far about internet marketing, e-commerce, and the like, so now understand a little...
  5. R

    Money transfer services that don't show your name?

    Hmmm.... I've got a personal Paypal account and I never had to link my account to my bank (maybe because I'm not in the US?) - a credit card was sufficient. Granted, I've been a buyer and not a seller. So if I wanted to, I think I could set up another personal account, enter a "pen name" in my...
  6. R

    Inventions are waiting to be made!

    HOT! EXECUTION 
    A LOT OF PRODUCTS out there selling well, I don't get. So you never know, a seemingly stupid idea could actually work... One of my personal training clients suggested a similar wrist band to me, saying that it would increase metabolism and help athletes through the magnetic pulses that it...
  7. R

    Can someblody tell me why BP continues to plunge...

    INVESTING 
    I took a punt and bought during the crisis and it's gone up around 25%, so I'm not sure what you're referring to... the slight dip? Like JLH said, the uncertainty is warranted, especially fear of having to raise capital (even if they've already secured some bank funding, and the payout is done...
  8. R

    The australianinvestor method of starting a business

    I'd like to read it (maybe because it will have an Australian focus? lol) - are you still writing? How big do you think the book will be? My initial thoughts are that the book will be huge (hence more costs for you too). Even the "shop for money" chapter could be a book in itself, where you...
  9. R

    Inventions are waiting to be made!

    HOT! EXECUTION 
    Interesting thread. I read somewhere (forgot where) that the guy who invented the common "paperclip" as we know it now would be the richest guy (or one of the richest) on the planet if he had patented the invention. And, if someone could solve the problem of binding bundles of paper together...
  10. R

    Hi Everyone

    Thanks for the welcome MJ, and thanks for setting this forum up. It took me 2 days to read the posts here (and I'm still only about 80% through lol) and I can honestly say I've learnt so much! Yes, I love what I'm doing at the moment. I've been fortunate enough to be able to devote my time to...
  11. R

    Personal motivation

    MINDSET 
    My motivation is pretty simple - to avoid the poverty trap that severely affected our family during my childhood. It affected our family (relationship breakdowns), our potential development as kids both emotionally and career-wise, to list a few. At one point I was going to commit suicide. I...
  12. R

    Money transfer services that don't show your name?

    Sorry, just saw this thread and thought I'd ask a question too. I don't know much about e-commerce so please bear with me. With PayPal, can you not sign up with another account (in your pen name)? Or would PayPal reveal your real name once they have your credit card details and show the...
  13. R

    E-Myth Revisited... Revisited, and 4-Hour working week

    I've done this with my businesses, and it's not easy. As Smooth mentioned, the people who work for you are key. You've got to have: 1. Training for the managers so they have the skills to replace you; 2. Adequate incentives to perform and also to treat the business as theirs (for me, I...
  14. R

    business Valuation

    All of the above IMO need consideration. One thing I would add is: What is the REAL reason they're selling, and is that an acceptable reason to you? The last time I looked at purchasing a business, one thing came to mind as I looked through the financials - the figures were good, BUT they...
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    Starting a Medical Device Company..

    I think with these "invention" type products, the absolute best route is to go down the licensing path. If not, you'd have many factors against you - 1. Multi-billion-dollar companies breathing down your neck (their R&D teams will probably develop something better once they see yours); 2...
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