Post: #51

(02-13-2013 09:03 PM)RossTan Wrote:  

(12-11-2012 07:45 PM)_GQ_ Wrote:  4th from the right is unreal.

the 4th one in on the right hand side who's the most turned was born a DUDE! :O (Amanda Sampaio)

Like I said in post #16, I'm pretty sure they're all dudes.

Post: #52

(12-12-2012 02:54 AM)torontokid Wrote:  Internet Marketing. Take 4,000 dollars of the 100,000 and dedicate a year to learning about IM and find a profitable area that you do well. You should have a profitable model by the end of the year, and you can use some of the 96k left to scale it up.

Exactly.

There's an info product called Guru Blueprint by Eben Pagan that's incredibly useful for figuring out what space you should go into.

It's designed to help you build an info marketing business, but the process is what's helpful. You can probably find it via torrents or on youtube.

Don't squander that money. Dropping 50K on a business is easier than you think.

If you're weak in an area, don't spend money with the first professional services firm that promises gold. I run an agency because I got burned that way, for 20K.

If you're in your under 30 (I'm 27), don't be in a hurry to drop the proverbial load on a face. People have ideas and will feed you a lot of bullshit. Stick to what you know and you'll be okay.

You want to go into something you have mastered. For me, it's SEO. For you, it might be selling natural Vitamin D3. Do what you know, love, and can make other people believe in and it's gravy.

Ignore haters and their perceptions of high margins. If it sounds GREAT, it's probably trash.

Physical products are WAY easier than information products, especially with Amazon sponsored products (Amazon's version of AdWords).

Be frugal with your cash. If you spend 1k, make sure you get 4-5K in return and you'll be fine. A lot of people speak of risk/reward, but in reality it's immediate ROI. If it's predictable and can be scaled, you'll be gravy.

Good luck.

AND DO NOT SQUANDER THAT 100K!

Post: #53

(02-14-2013 09:14 PM)Alpha Mind Wrote:  Do what you know, love, and can make other people believe in
...
Physical products are WAY easier than information products
...
Be frugal with your cash.

Solid

Also, be careful not to spread out your time and attentions too thin.

Also consider a mentorship program. You can cut years off your learning curve, and this can also help you to avoid making false starts in the wrong direction.

My mentorship program here in Indonesia is going quite well, this first week. The guy is smart and doing great work, at low financial cost or risk to me, and he's learning things he'd never be able to learn in any school. I'm confident he'll be earning solid income this year. The next guy comes out in mid March.