Journal 9 – On-Line Product Business: A Catch 22

I’ve been trying to find a product and product line that fits within my “why” and selected market segment.  The search has been eye opening and frustrating.  I’ve found that competition is fierce, with too many competitors fighting for the lowest price.  I’ve found few opportunities from suppliers, that someone hasn’t already exploited.  Then there’s the distributor/wholesaler “Catch-22.”   I’ve examined a lot of projects and have made serious analysis of five – which included examining sales volume, inquiring on Alibaba about wholesale pricing, and net margin (profit) analysis.  I’ve used the Terapeak tool to examine the sales and profitability of…continue

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Journal 8 – Damn the Torpedoes, Full Speed Ahead!

March was a disappointing month.  In fact, it took a lot of wind out of my entrepreneurial sail.  I spent hundreds of hours on my For-Sale-By-Owner Multiple Listing Service business (Start-Up Project 2) only to have the proverbial “rug pulled out from underneath me.”  To learn what happened, read my April 2, 2015 article “Business Start-Up: What Went Wrong?”   The MLS site is still up and running, but it’s not generating any revenue.  I stopped buying Google pay-per-click (PPC) ads and decided to just let it lay.  I do not expect any sales, though today I did change my onsite sale.  The 30-percent…continue

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Journal 7 – Why I Chose Online Retail as My 3rd Project

Online Product Sales

I am considering an online products store as my third start-up business.  A physical products business appeals to me because it is sells tangible products and it can generate cash flow fairly quickly. I got the idea from Ryan Moran who is an Amazon re-seller.  He is the host of the Freedom Fast Lane podcast, which I discussed in my Cash-Flow Epiphany article.  In that article, I discussed a new podcast I recently discovered but did not mention it by name; because, at the time I hadn’t developed a level of trust in him. Ryan is a 28 or 29…continue

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Business Start-Up: What Went Wrong?

After researching and analyzing the marketplace and my competition, I thought I found a good business start-up idea, so I went about writing my business plan.  The “experts” suggest testing or validating one’s product or business concept; and like anything, testing is always good advice – especially if you’re spend your time and money building it. I’m not sure why I skipped the viability test.  From my TOWS/SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats), I thought I found an inviting market – one wide open for improvement and an opportunity to exploit my competitors’ weaknesses.  Who knows, it may have been…continue

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Journal 6 – Taking Twice As Long and Costing Twice As Much

Project 2, flat fee multiple listing services, is finally live.  I’ve worked on Project 1, the flipper house, and its almost ready to be listed.  I also completed some initial research on Project 3 – which I’ll introduce below.  It’s been awhile since I checked in, so this journal entry is a little long. From the start, to save money and learn the systems and technology, I chose to be a one man-shop for awhile.  My mid-term goals include contracting out development and maintenance of the web sites and routine day-to-day administrative details.  But for now, I’ll have to suffer…continue

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Journal 5 – Closer to Launch

For the last two weeks, I’ve been working on the The Start Up Business Guide, Flat-Fee MLS (Project 2), and Flipping (Project 1).  I even explored selling on Amazon as my third project.  I also spend countless hours trying to wade the Navy Reserve Order Writing System to support an exercise planning conference in Algeria next month. I am getting closer to starting up project 2, as well.  I’m currently working on the web site.  I hope to start up in two to three weeks.  Check out Project 2’s business plan in the membership area. Start Up Guide The guide…continue

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Journal 4 – The IRS Fines Me then Forgives Me

I spent Friday and Saturday (Jan 31 and 1 Feb 2015) working on my taxes.  After 20 hours, I’m done with them.  I need to wait until mid month to ensure I have all the 1099s.  Then I’ll mail them in, but this year I’m using registered or tractable mail. Last year I didn’t use tracking and the IRS said I did not submit my return for one of my LLCs.  I guess it was Murphy’s Law kicking in:  The only year I didn’t use tracking and the Internal Revenue Services looses my forms.  To be fair, it could have…continue

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Trust and My Cash-Flow Epiphany

guy

I had an epiphany this week, while listing to a podcast at Starbucks.  In between a pastry and a cup of Pike, I had a revelation.  It was what I was searching for.  It was that one “ingredient” which I could almost taste, but could not place! In fact, it was so “tasty” I that had to incorporate it into my Start-Up Business Guide – which I’m writing right now (you can watch it develop on the free subscription side). I’ll tell you about this epiphany it in a minute, but I want to tell you about this podcast guest first. Trust There are…continue

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Finding Your “Why”

the why?

For decades I’ve looked for a business that I could start that would give me meaning.  I can honestly say that I’ve not found it.  I’ve often wished I was more like my brother:  he’s found many things that he is passionate about.  I guess, I march to a different drum beat! The closest thing I can find is a business that gives me freedom from jerk bosses!  I like to be creative as well.  I like to tinker with mechanical things, electronics, and web sites. My need to do something bigger than myself and my need for liberty contributed…continue

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Journal No.3 – Start-Up Steps, Finding Your Why, and Web Issues

Wordpress W

For the Last Three Weeks, I’ve been developing a start-up guide and improving the Free-Market Startup web site. In the Membership Area, you’ll find the first edition of these steps.  As of this writing, there are 13 steps.  I’ll probably consolidate them into less steps in the future.  Consider this generation one.  Check them out, I’ll be using them to start three companies in 2015.  You may want to read the first step, “Finding Your Why.”  I’ve included it in the Membership Area (free subscription required) and as a blog article. I Had a Very Trying Three Weeks!  Developing the start-up steps was fun,…continue

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