Two things to keep in mind if you want to do this:
Go through this circle as fast as possible: money > inventory > money.
This is your turn-around rate. Play it like a game and try to keep this under a week (money = total grubstake).
Reinvest all profit and keep recycling...
I prefer services as I’m still in the ‘stacking cash’ stage.
Starting with products for many beginners is risky and most will fail at it.
Selling products have too many moving parts and require multiple skill sets.
Skill sets like:
-Having a good eye for niches and products to sell...
You don’t even have to learn the skill.
If you have to learn it don’t start with it.
Find a skill you can PIRATE online.
Find what’s working and SWIPE it.
The skill should pass this two criteria:
- Close to the money as possible (think sales letters)
- fundamentals can be picked up in...
This thread reminds me of a post I read about finding a niche.
Many people have difficulty finding ideas, niches or what to do because they think about what they can fulfill.
Thinking about what you can fulfill/do will limit a lot of people in coming up with a business idea because most people...
@Lex DeVille thanks for all the valuebomb.
Lex, it's a bit difficult wrapping my head around this:
'...I used a metaphor to SHOW them something different by talking about a "sea of sameness." If I wasn't doing this on video and distracted by that, I would spend even more time forming a more...
A website alone can bring you money. There is ample demand for websites. You don’t need to solve any overarching problem when building websites for people.
There are two kinds of people that need websites.
People that know what to do with one and people that don’t.
Build websites for the...
This is what I’m struggling with.
How do you know an idea is big enough?
Looking at some of the biggest businesses around, there was no way in the world many of them knew they had something big.
So how do you really distinguish the big ideas from the little ones?
Yeah, sure they are some...