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Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

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Old 29th February 2008, 10:08 PM   #1

Join Date: Feb 2008
Posts: 1
Default Soon To Retire

Hello everyone,

I'm trying to put myself in a position to retire in a few years. I'm currently in the U.S. Coast Guard and have had my hand in various business ventures over the years (10 Minute Oil Change, various MLM's, lawn care and maintenance) but nothing really got me motivated. My wife and I are trying a few new things now (we have a businesses in the Philippines: our family makes hand made resin religious statues). We're also trying our hand once again in MLM, but we're just getting started with that and maybe a few other things too. We both try to take care of ourselves by going to the gym, taking vitamins, etc, so we tried finding something we could not only use, but maybe make a buck or two along the way. Anyway, I think we found one, but we're still pretty new at it. Any advise, well, it would certainly be welcome.

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Old 1st March 2008, 08:10 AM   #2

Join Date: Oct 2007
Posts: 32

Hi Dan!

Welcome aboard. Good for you. Internet biz is a very good source of income if you do it the right way and not get distracted too much. So just take it slow and always keep learning. all the best to you.

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Old 1st March 2008, 03:47 PM   #3

Join Date: Feb 2008
Posts: 18

Welcome aboard. I have been in this industry for five years now. The beginning was rocky and had a learning curve to it. But now I enjoy doing very very well in the direct sales home based industr and mentoring others. Having major success to me comes down to three things. First you need a stand alone product. A product that will sell without the business attached to it. So much garbage is in this marketplace with products that are bogus and valueless just there to create income to allow you to recruit.

Secondly you need a system in place that will leverage some of your time. Either it must cover the marketing, prospecting, or closing aspect of your direct sales business. Sure we would love a system to do all of it but that is impossible. If it can do one then you can spend your time on the other two.

Lastly you need a compensation plan that is lucrative and worth trading your time for dollars ( which is what a job is) I belive in selling big ticket items with a big ROI. I think it is just as easy to sell a 3000 dollar product as it is a 300 dollar product as long as you present it properly. That is why a ferrari salesman who sells 2 cars a month makes a lot more than a toyota salesman who sells 20 cars a month. Good Luck to you!

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Old 2nd March 2008, 04:10 AM   #4
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Join Date: Oct 2007
Location: Atherstone
Posts: 126
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Hi Dan

Welcome to the forum - lovely to meet you


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Old 2nd March 2008, 05:51 PM   #5
FHI Windows

Join Date: Oct 2007
Location: MA & RI
Posts: 59

Find a product that people want/need.

Make sure the market is not flooded with other people selling it.

If enough people buy your product the market will soon be flooded with similar products so keep a list of other products that you can roll out.

In my area of the country you have to wait 2-4 weeks to get any work done on your boat. Another one is nobody offers boat detailing service. <--my two free ideas.

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