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I don't have previous experience doing this. I've tried a lot of things in the past and failed miserably, and I'm not too proud of my track record. But all my previous things have taught me skills that really lend themselves to setting up deals like this. I'm pretty good on the phone doing cold calls, I'm a good in-person communicator, I'm a good strategic thinker, etc. I just decided that I was going to do this.
Previous things I've started have failed because they required more capital than I have available, were brand new ideas that have never been done before and thus required inordinate amounts of customer education, were "me too" products that I shouldn't have ever even thought about, were good products but were only good for a very small subset of people that were nearly impossible to target, and of course they also failed due to my own lack of effort. It is pretty hard saying all this stuff, because people on the forum know me, and I have absolutely nothing to show, but I read a recent post by @snowbank on Learned Helplessness at foreverjobless.com and realized that I was hindering myself due to fear of rejection. So screw it!
This business makes a lot of sense to me, and I got into it for a few reasons; low capital requirements, an element of passivity once the partnerships are established, people have done this before and have proven the business model (Jay Abraham being the leader), and it really meshes with the way my brain works.
If you really are interested in this, and you want to REALLY get your brain buzzing, go read this: http://www.abraham.com/mindshift-challenge/
This is great. I'm curious, what experience do you have with cold-calling? Thanks for that link to the post by Snowbank. I can definitely relate to that!
I seem to think in the ways that you described, so you definitely have my interest with your new venture. In what ways would you say your failed ventures have pointed you in the right direction toward the "right" ventures?
And YES! I follow Jay Abraham to some extent because his way of thinking also meshes with the way my brain works too. Can't wait to dig into this challenge! Thanks for that...+Rep!
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