10-28-2016, 01:27 PM
(10-28-2016, 05:20 AM)blackwing Z Wrote: Whats with this passive aggressive shit. Why are you acting like a woman in need of drama? Are you jealous Chaos is doing good in business? What's the deal?
Speaking of business...
I'm going all in. I decided to hire ghostwriters to create my ENTIRE new product. It's a fiction writing training series (my academic background is in creative writing).
All in all, should cost me about $300 to produce, and I'm hoping to make between $2500 - $5000 on this. That's some INSANE ROI! Best thing is, I designed this product to be easily expandable. I can make a Vol. 1, 2, 3, 4, to whenever it stops selling.
Last night, I had a chat with one of my paid mentors (yes, I pay to have weekly conversations with millionaires), and he tasked me to keep looking into the concept of explosive income generation, as talked about in The Millionaire Fastlane. That's how he managed to make so much money. All of his businesses followed a modified "MVP" model -- minimum viable product. Long story short, you keep the business as lean as absolutely possible and you do whatever you can to maximize your profit margin. That means, if you can make a few cents extra per item by changing something, do it. It adds up. Then, you gather as much information as you can to improve the product.
Here's where he REALLY changed it. He used the MVP model to get into a business, make as much money as possible, then sell it on Flippa or something. He was making and selling businesses in about 4 months -- from inception to selling. He finally sold his company to Facebook (you didn't see it in the news because it wasn't HUGE, FB just wanted the technology) and now he makes all his money mentoring.
He charges 10k a year. He has about 20 clients. You get a one-hour call each week. That's it. He works 5 hours a day, then surfs and goes to Tijuana and fucks hookers all night.
Anyway, that's the goal. Expand my income with explosive speed.
