Business Ideas
- Thread starter Willingham
- Start date
Nah, there is money to be made...but if he hates his job and is stressed, I am sure the last thing he wants to do on this day off, is rip out old flooring...etc....Good luck with thatmore people go broke then not... otherwise we would all be sitting at home doing that.
another good one. Ok.. I'll play along.. buy for 140k.. what about transfer tax? fix for 20k.. ok, now it's time to sell.. the realtor will take $15k off the top.. how long will it sit on the market for? 3-4 months? add interest... now you are up to 190k to break even.. oh wait, we forgot about GST on realtor fees, notary fees to buy & sell plus gas and all that. Add your monthly maintenance fees, property tax and hydro. ARe you going to do it all yourself, hence loose money from taking time off work, or hire labour? Your slim profit margin just disappeared with that consideration.. think about opportunity cost too and you'll be lucky to break even..
maybe start a fund?
I will only allow myselft to poon if I put 200% of the amount that I spend on pooning on an investment fund / savings account. That way, I can be assured that every dollar I spend on pooning is backed up by 2 dollars of savings.
Hmmm... sounds good on paper, but I am guilty of preferring to see 3 SPs instead of just 1 and having more money in the bank, hahaha.
I was thinking about something like a "pooning driven savings/investment fund". It would work like this:
I will only allow myselft to poon if I put 200% of the amount that I spend on pooning on an investment fund / savings account. That way, I can be assured that every dollar I spend on pooning is backed up by 2 dollars of savings.
Hmmm... sounds good on paper, but I am guilty of preferring to see 3 SPs instead of just 1 and having more money in the bank, hahaha.
I remember being approached by coworkers about the MLM primerica and funny how much hype was involved. i remember the guy saying he knows people making 2 mill a yr,500,000 yr etc.
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Without reading the whole thread......MLM's/network marketing companies are NOT pyramid schemes. Pyramid schemes are very different.
You can do very well in network marketing if you pick the RIGHT company, with the RIGHT products, and are prepared to work hard for a couple of years and listen to your upline on how to do things properly!
You can do very well in network marketing if you pick the RIGHT company, with the RIGHT products, and are prepared to work hard for a couple of years and listen to your upline on how to do things properly!
I agree there's a difference between pyramid schemes and network marketing. But sometimes working hard doesnt really matter cause 90% of the people who are involved in these schemes dont make money. Because the majority of people arent good at sales. Even companies like amway/quixtar top distributors are making the majority of their incomes from seminars,books,tapes,cds etc. Botton line is distributors often have a problem marketing this stuff because it's overpriced. They usually consume most of these products.
http://www.amquix.info/dateline/dateline.html
http://www.amquix.info/dateline/dateline.html
That 90% figure is a bit skewed. Alot of people who sign up as distributors do it just for the lower price. So, if they aren't making more than they are spending, they are lumped into the 90% who are "unsuccessful." Hell, one of the biggest companies, Xango, openly encourages you to sign up as a distributor just to get the wholesale price.
Being good at sales would help, but from what I have observed, its better to be good at sharing stories. You share the story behind the product and company. You share your own personal story with the products. Thats what works best for most people.
It really is all about your mindset. If your mindset is that this isn't going to work and I'm going to fail, you will. If your mindset is, I'm going to take this and run with it, then you will do well. You have to learn to think that every no is one step closer to your next yes.
I won't talk about the company I'm currently in on here, but I will say I am very excited for its new product coming out. I know it will improve my quality of life big time both physically and financially. It will be a VERY easy product to promote, especially once the results start coming through. As I said in my last post, you need to pick the right company with the right products. I mentioned Xango - they are the second fastest company to ever reach 1 billion in sales. They are an excellent company with an excellent product, BUT, it wasn't the right company for me.
Sorry for the rant, but I am very defensive about network marketing. I think in the future it will be the way to go for your average person.
This is a great idea, considering your skills. Target businesses, not individuals, because they need the work done, get quotes and rates before they decide to go ahead, and budget for it. Unlike friends and neighbours, they don't think that you don't need to get paid just because you have a fulltime job.
Figure out what you can do, want to do, etc, make a flyer and get it delivered to businesses in the areas that you will be able to get to easily. The area I go to has just about everything, within 4-5 blocks: medical, grocery, financial, accountants, dentist, physio, counsellers. retail shops, bakeries, delis, cafes, restaurants, real estate. cheque cashing, lawyers, insurance, hardware, banks, drycleaners, etc. Most smaller, owner operator businesses or close to it. easily more than 100 individual businesses within a few blocks. Think outside the box, it's surprising what you can envision.
I heard Xango does nothing more for the body, than the average multi-vitamin or antioxidant pill at the local health store.
People that want to be ultra healthy, should just eat fruits and veggies throughout the day and stop buying over-priced health drinks like Xango.
Call it whatever the f-ck you want. Tell stories,share,blah blah but you need to totally lie or bs people into buying expensive juice. The average person would never pay 135.00 for a case of fruit juice. Their juice is probably less beneficial than v8 lol. Typical mlm program would try and sell overpriced items like skin care,herbal remedies,water filters,gold coins etc. You're Xango isnt much different than the other crap mlm programs.
From a Xango Site***
If you are thinking about starting your own business I would recommend this option. The cost is only $135/1 case or $235/2 cases (+ shipping) including a one-time $35 distributor fee and you will receive a getting started kit + 4 bottles of XanGo/case to start sharing and selling. BONUS: If you sign up for the Automatic Delivery Program (ADP) you will receive your own website like the one shown here . ADP is a great way to stay healthy and share the product with others (Drink a Case, Share a Case). Furthermore, XanGo offers a money back guarantee on your purchase so there’s nothing to lose.
http://www.getsomexango.com/index_files/Xango3.htm
http://www.cbc.ca/marketplace/2007/01/goji.html
From a Xango Site***
If you are thinking about starting your own business I would recommend this option. The cost is only $135/1 case or $235/2 cases (+ shipping) including a one-time $35 distributor fee and you will receive a getting started kit + 4 bottles of XanGo/case to start sharing and selling. BONUS: If you sign up for the Automatic Delivery Program (ADP) you will receive your own website like the one shown here . ADP is a great way to stay healthy and share the product with others (Drink a Case, Share a Case). Furthermore, XanGo offers a money back guarantee on your purchase so there’s nothing to lose.
http://www.getsomexango.com/index_files/Xango3.htm
Here's a link to a cbc story on gogji juice and this company is very similiar to Xango in the way they hype their products.
http://www.cbc.ca/marketplace/2007/01/goji.html
Very well said LAG! The truth is, most people are willing to overpay for something that is "pitched" as life changing. This Xango crap is nothing more than pure snake oil, and only a total moron or loser would pay for this shit!!! They even make the bottle look like a fancy wine bottle...LOL...what a joke!!! I hate MLM programs with a passion. I have yet to find one that is beneficial for the buyer, without them getting ripped off.
Xango reached a billion dollars in sales faster than any company in history except for EBay. If it didn't do something significant for lots of people, do you really think they would sell that much juice in 5 years on hype alone?? With any kind of nutritional product, you need to give it 60 to 90 days. You can't just say "it didn't work in a week so its just snake oil."
Their major partner when they started out is Wild Flavours - the company that makes such products as Sobe, Capri Sun, etc. Xango is the first MLM company they helped formulate/manufacture a product for. Do you think a company like that would get involved in snake oil? Look them up for yourselves.
As for the company I'm in....they have patented, clinically proven products. Not even ignorant, cynical, narrow minded people can argue with a double blind study
Their major partner when they started out is Wild Flavours - the company that makes such products as Sobe, Capri Sun, etc. Xango is the first MLM company they helped formulate/manufacture a product for. Do you think a company like that would get involved in snake oil? Look them up for yourselves.
As for the company I'm in....they have patented, clinically proven products. Not even ignorant, cynical, narrow minded people can argue with a double blind study
