GET IN ON THE NEWEST FAD AND MAKE MONEY
GET IN ON THE NEWEST FAD AND MAKE MONEY
FADS COME AND GO. You can make money on a fad while it's popular. And when the current fad loses its appeal, you can jump onto the next fad. Let's see how you can latch on to a fad and make money from it. Here's what to do:
1. Figure out what's the latest fad in your area, or in the entire country by looking at newspapers and magazines covering trends in society
2. See if you can get in on one of the fads through some type of business opportunity
3. Compute the amount of money you need to start, or buy into, the business opportunity you see in the fad
4. Get the financing and get started in the fad business you think will build your future wealth
LET'S LOOK AT A TYPICAL FAD and how you might make money from it in today's market. The fad we'll look at is high-tech bicycles--that is bicycles specially designed and built for comfortable, safe long-distance riding. Thus:
1. Bicycling is a healthy, popular sport attracting more people every year throughout the world.
2. High-tech bikes have special suspensions and springs that allow a faster, safer, more comfortable ride.
3. Such bikes sell for prices of $1200 and up, depending on what features they have, and who builds the bike.
4. You can sell such bikes in several ways--out of a retail shop, by mail order with a simple mailing or a catalog, or on the Internet with a home page. Most BWBs--Beginning Wealth Builders--would choose to sell by mail or on the Internet. Both ways are low-cost startups (about $500 for small ads) worth looking at.
5. Pick the way you want to sell bikes--most BWBs are comfortable with direct mail, mail order, and the Internet because with these methods you never have to meet a customer (unless you want to), don't need any inventory, and can have your supplier ship the bike directly to your customer, avoiding shipping problems at your end.
HOW MUCH CAN YOU EARN IN THIS BUSINESS? That depends on how many bikes you sell each year. Here's a good example of actual numbers:
1. You buy a $1200 bike at a 30% discount, or for $840. You sell the same bike for $1200, plus shipping charges. Your gross profit = $1200 - $840 = $360.
2. Sell 10 bicycles a month and you'll bring in !0 X $360 = $3600 for your month's part-time work from home.
3. Accessories you can sell with the bike include a fancy seat, rear-wheel rack, reflectors for night riding, rear-view mirrors, spare tires, etc. Profit on these can be as high as 50% of their list price
4. With ad costs of 20% (which is higher than usual) your net profit will be $288 per bike + any accessory profits you can make. Sell 500 bikes a year by mail and your income can be $144,000. Not bad for a fad!
GET IN ON THE NEWEST FAD AND MAKE MONEY - To learn more about this author, visit Tyler Hicks's Website.
Like this article? Share it with your friends
GET IN ON THE NEWEST FAD AND MAKE MONEY
FADS COME AND GO. You can make money on a fad while it's popular. And when the current fad loses its appeal, you can jump onto the next fad. Let's see how you can latch on to a fad and make money from it. Here's what to do:
1. Figure out what's the latest fad in your area, or in the entire country by looking at newspapers and magazines covering trends in society
2. See if you can get in on one of the fads through some type of business opportunity
3. Compute the amount of money you need to start, or buy into, the business opportunity you see in the fad
4. Get the financing and get started in the fad business you think will build your future wealth
LET'S LOOK AT A TYPICAL FAD and how you might make money from it in today's market. The fad we'll look at is high-tech bicycles--that is bicycles specially designed and built for comfortable, safe long-distance riding. Thus:
1. Bicycling is a healthy, popular sport attracting more people every year throughout the world.
2. High-tech bikes have special suspensions and springs that allow a faster, safer, more comfortable ride.
3. Such bikes sell for prices of $1200 and up, depending on what features they have, and who builds the bike.
4. You can sell such bikes in several ways--out of a retail shop, by mail order with a simple mailing or a catalog, or on the Internet with a home page. Most BWBs--Beginning Wealth Builders--would choose to sell by mail or on the Internet. Both ways are low-cost startups (about $500 for small ads) worth looking at.
5. Pick the way you want to sell bikes--most BWBs are comfortable with direct mail, mail order, and the Internet because with these methods you never have to meet a customer (unless you want to), don't need any inventory, and can have your supplier ship the bike directly to your customer, avoiding shipping problems at your end.
HOW MUCH CAN YOU EARN IN THIS BUSINESS? That depends on how many bikes you sell each year. Here's a good example of actual numbers:
1. You buy a $1200 bike at a 30% discount, or for $840. You sell the same bike for $1200, plus shipping charges. Your gross profit = $1200 - $840 = $360.
2. Sell 10 bicycles a month and you'll bring in !0 X $360 = $3600 for your month's part-time work from home.
3. Accessories you can sell with the bike include a fancy seat, rear-wheel rack, reflectors for night riding, rear-view mirrors, spare tires, etc. Profit on these can be as high as 50% of their list price
4. With ad costs of 20% (which is higher than usual) your net profit will be $288 per bike + any accessory profits you can make. Sell 500 bikes a year by mail and your income can be $144,000. Not bad for a fad!
GET IN ON THE NEWEST FAD AND MAKE MONEY - To learn more about this author, visit Tyler Hicks's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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