selling products
Real EstateHere are some things to consider before you even begin a search for the right product to sell:
1. Income goal.
2. Why?
3. When?
4. Initial capital.
5. Level of interest.
6.Leadership.
Income goal:
This is your first step. You must know exactly how much you want to earn. If you say something like “the sky is the limit” then you obviously have no idea how much money you want to make. All successful people had income goals before they could reach them. Find out exactly how much you want to earn and write it down. For example: I want to earn $500 per month or I want to earn $5,000 per month.
Why?
What is your reason for making this income? Are you looking for a way to supplement, exceed, or replace your income? Determining your reason can help you find success much faster. It can also help you determine what level or quality of product you need to sell to meet your needs. For example: Let’s say you just want to supplement your income with an extra $500 per month. It would be best to stick to the smaller ticket items that would be cheaper for you to sell in order to get faster turnover. Now, if you want to replace your income, then products that have a higher value (expensive items) may be more suitable for you.
When?
When exactly do you want to start your new business empire? If you say something like: “sometime this year” then you really have no idea when you’ll make that commitment and it may never start. If you’re serious about making money, think of a date and write it down.
Initial capital:
How much money do you want to invest in your business? It doesn’t matter if you only have a few hundred dollars or if you have ten thousand dollars. If you find something that really interests you but you don’t have the cash to start, you only have 2 options:
1. Think like an entrepreneur. Most successful entrepreneurs did not have the seed money to start their business. They had to find it. Most entrepreneurs rarely use their own money to generate income (even if they have it). They use other people’s money (banks/credit) to do it. However, they first make sure they have a good plan or system in place before they borrow the money.
2. Think like the masses do. If they don’t have cash to start with, most people won’t start at all. This is like being stuck in a work mindset. That’s fine if you’re thinking this way, but you may not find financial freedom if that’s what you were looking for.
Entrepreneurs take calculated risks but reap many rewards. However, they only make up less than 5 percent of the population. There is absolutely nothing wrong with being on either side; the five percent earning 95 percent of the money or the 95 percent of the population earning 5 percent of the money. It all comes down to one simple choice, your choice.
Interest Level:
This is very important because it can mean success or failure depending on your level of desire. Please rate on a scale of 1 to 10, where 1 means very low interest and 10 means you are so interested in a financial change that it gives you goosebumps. If it’s below an 8, maybe you should reconsider sticking with your day job. If you have an 8 or higher, go ahead with your search. Having a high level of interest when you hit your first bump in the road (and everyone does) could mean the difference in moving on instead of bailing out. Successful people see problems differently than most people do. They don’t really see it as a problem, but as something they need to find a solution for.
Leadership:
If you find a product or service that appeals to you, find someone who already has the results you’re looking for. This will not only shorten your learning curve, but it will also give you someone to lean on.
If you have rated yourself an 8 or higher on the scale above, I urge you to write down all the answers you got from 1 to 5 on a piece of paper. This will be the start of your business plan that can help you find your business match. Now it will be your job to go out and investigate different trading opportunities.