What’s the Secret to Startup Business Success?

Listen to Audio –   What’s the secret to start-up business success?  This question has been poised by many throughout the millenniums. It’s the manta, the food we’ve all so wanted but could not taste. Well, just like Ponce de León’s search for the Fountain of Youth, I’ve searched for the equation to start-up success. Like me, thousands have wondered if such an equation exist.  It’s like trying to find a Cookoo Bird in the Rocky Mountains, it’s possible – anything is possible – but unlikely.   Well, today I’m happy to disclose that I’ve found it.  It’s no longer hidden or…continue

Continue reading

Journal 15 – New Business Announced: Information Product

Information product graphic

In earlier journal entries, I mentioned the difficulty in finding a physical product (Project 3) with sufficient margin to have any chance of making a profit. The distributors for products that I wanted to sell wouldn’t give me decent wholesale prices sufficient to make a go at it. As one starts out with a US-based wholesaler, they essentially give you the retail price and as your volume increases, they lower the wholesale price – or at least that’s been my experience. The “system” seems to be designed to limit competition from new retailers. I’m sure that’s why Alibaba.com has become…continue

Continue reading

Journal 14 – Validation: We’re Climbing Above the Turbulence!

Airline Seat - Validate

I’m putting together an information product and according to the “experts” and my online book (guide), I need to validate. I’ve taken shortcuts in the past and thought I knew what I needed to know.  Experience has show me that my “validation” wasn’t sufficient or effective. I took the easy path and listened to knuckleheads (see Journal 12) and jumped into markets that had little demand.  Or to be fair, markets that didn’t need or want what I was providing.  I really hope the validation shows potential, but time will tell if it will or not. So, I’ve committed to validating my…continue

Continue reading

Journal 13 -Testing the Viability of My Product – Why Is This So Hard?

In my last journal entry I committed myself to testing the viability of my new information product.  So what did I do?  Nothing, except to delay the inevitable.  Yeah, I didn’t do it until a few weeks later.  I really don’t know why it took so long to get to it.  I guess it was just another hurdle to jump over.  Perhaps it was the issue of learning another marketing product. I eventually got to the nuts and bolts of building my viability test – and here I am.  I’m in the middle of it.  So, how will I validate my…continue

Continue reading

Journal 12 – I Need To Validate – And Ugh, I Guess I’ll Do It!

V is for Validate with Plane

With summer and procrastination in full swing, I haven’t worked on my projects much this month (or last month).  My project of focus is a new product.  It’s an information product in the For Sale By Owner real estate sector.  I got so caught up creating content for it that I really haven’t validated my target customer and their desire for it.  In other words, I haven’t deliberately validated it!   Validation Advice – From Podcasts I was re-listening to a podcast the other day.  I think it was either Pat Flynn’s Smart Passive Income or Amy Porterfield’s Online Marketing…continue

Continue reading

Why Investors and “Flippers” are Good For Housing and the Economy

Now that the housing market is returning to “normal” I am hearing people talk more about regulating investors and flippers.  I believe these calls for more regulation are well meaning, but are from a position of basic economic ignorance.  During the recent Great Recession (2007-09), all governments were happy to have anyone, including investors (which are also flippers), enter the housing market.  Now that they think it’s normal, I hear the same old anti-freedom advocates calling for more controls. (Ref 1) Let me explain a little about the housing market.  Real estate is already regulated.  In fact it’s overly regulated.  Every…continue

Continue reading

Journal 11 – Sold the “Fix and Resell” Flipper

After seven days on the market I got a full-price offer for my first flipper house.  My strategy seemed to work:  I wanted to make the home better than the comparable homes so that it sold fast and got a good price.  The house really is awesome.   Anyway, after expenses I should net at least $29,000.  If you want to learn more about the financials, check out Project 1 – Phase I, Step 4 (free membership required to read the business plan).  You can also read through this business plan and the others.   I’m looking into a 1031…continue

Continue reading

Memorial Day 2015: Do Not Waste This Gift

Today is Memorial Day.  It’s the day we remember our war dead and those from this generation to generations ago that fought to make and keep this American Republic.   On this day, remember those maimed and dead from the Revolutionary War, to our first Islamist conflict in the North African Barbary States War (you know it as the “Shores of Tripoli” from the U.S. Marine Corps Hymn), to the War of 1812, the Civil War, the Mexican-American War, the Spanish-American War, World War I, World War II, the Korean and Vietnam Wars, and then to our recent “modern” wars of…continue

Continue reading

Journal 10 – Private Brands and Porterfield’s Profit Lab

The big deal with online product sales (Project 3) is finding the right product to sell.  What is the “right product”?  It has to be able to sell 20 to 40 products per day (eventually), have a decent margin after expenses, and be part of a larger business.  The business cannot be just one product, but that first product must be successful enough to move the business forward. I’ve spent a lot of time evaluating products and business ideas with a lot of disappointments.  Amazon as a sales channel can be wonderful, given its large market.  However, Amazon and (and…continue

Continue reading

  • Special Offer – All for FREE For a Limited Time

    Offer Expired. However, it’s still not to late to join for the regular price.

    Get “The Secrets to Success for Business Startups” and the Annual Membership

    (There’s no credit card required.  No conditions.  Just free!)

    Membership give you access to my business plans, all of the Business Start-Up Guide, special reports, early bird access to posts, podcasts, and other cool stuff.

     Offer will expire without notice.