{"id":11584,"date":"2021-02-25T07:02:49","date_gmt":"2021-02-25T12:02:49","guid":{"rendered":"http:\/\/privacyfight.io\/?p=11584"},"modified":"2023-06-23T16:32:19","modified_gmt":"2023-06-23T20:32:19","slug":"u11-how-to-create-new-cash-flow-for-beginners-part-ii-of-ii","status":"publish","type":"post","link":"https:\/\/privacyfight.io\/u11-how-to-create-new-cash-flow-for-beginners-part-ii-of-ii\/","title":{"rendered":"U11 \u2013 How to Create New Cash Flow for Beginners \u2014 Part I of II &#038; Part II of II"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11584\" class=\"elementor elementor-11584\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1cc1e59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1cc1e59\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4dd2a87\" data-id=\"4dd2a87\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d603af elementor-widget elementor-widget-text-editor\" data-id=\"2d603af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Part I<\/strong><\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d7a0f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d7a0f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b20ec2a\" data-id=\"b20ec2a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af1e28a elementor-widget elementor-widget-text-editor\" data-id=\"af1e28a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"vidseo_wrapper\" style=\"width: 100%;\">\r\n\r\n    \r\n    \r\n        <div class=\"vidseo_vimeo\">\r\n\r\n            <iframe title=\"vimeo-player\" src=\"https:\/\/player.vimeo.com\/video\/716095706\/?\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\r\n\r\n        <\/div>\r\n\r\n    \r\n    \r\n    <div class=\"vidseo_collapse\" style=\"\">\r\n        <div class=\"vidseo_btn\" style=\"\">\r\n            U11 \u2013 How to Create New Cash Flow for Beginners \u2014 Part I of II\r\n0:02\r\nOK, hi everybody, this is John Jay, and I wanted to review.\r\n0:06\r\nGenerally, what I explain to people, usually, it\u2019s on a first call with them when I\u2019m talking about how to create new cash flow. And, I\u2019m not going to go&#8230;        <\/div>\r\n        <div class=\"vidseo_collapse_content\" style=\"\">\r\n            <p>U11 \u2013 How to Create New Cash Flow for Beginners \u2014 Part I of II<br \/>\n0:02<br \/>\nOK, hi everybody, this is John Jay, and I wanted to review.<br \/>\n0:06<br \/>\nGenerally, what I explain to people, usually, it\u2019s on a first call with them when I\u2019m talking about how to create new cash flow. And, I\u2019m not going to go into all the little details.<br \/>\n0:15<br \/>\nI\u2019m going to give you that broad, general explanation. You can do your own research.<br \/>\n0:21<br \/>\nThe details are already building, We have, like, 6 or 7 videos.<br \/>\n0:25<br \/>\nWhere I\u2019m interviewing some people that are entrepreneurs, and we\u2019re going over, things that they\u2019ve done for their own projects to make money.<br \/>\n0:34<br \/>\nAnd they\u2019re doing it in much the same way that I\u2019m describing it in, that I\u2019m about to describe here.<br \/>\n0:38<br \/>\nSo, the reason why I describe it, the way I\u2019m doing it now is so that you have, there\u2019s a path to follow because there\u2019s an infinite. There\u2019s infinite ways of doing this. So I\u2019m just choosing one.<br \/>\n0:48<br \/>\nI\u2019m using modern technology, because, if I were telling you this 10 years ago, I wouldn\u2019t be using an online reference, but I\u2019m going to use online reference. It becomes quite easy.<br \/>\n0:57<br \/>\nSo what I tell people is, as people come in, they say, OK, you said last time that I could, Or I heard you on an interview saying that I can make another $2000 a month for almost nothing out of pocket.<br \/>\n1:07<br \/>\nand I can set that up within 90 days and Doing that would be easier than buying a house or qualifying for a mortgage to buy a house.<br \/>\n1:16<br \/>\nAnd I make that comment with what I\u2019m telling you, so that you can understand. The whole idea here, is that you can easily create new cash flow for yourself, if you want to buy a liability.<br \/>\n1:26<br \/>\nJust so you know.<br \/>\n1:28<br \/>\nNo, a house is not a house that you live in is not an investment. Well, it\u2019s not your investment.<br \/>\n1:33<br \/>\nA house that you buy and rent to someone else and receive income from that\u2019s an investment even if you have a negative cash flow. It\u2019s not a good investment, It\u2019s still an investment. When you don\u2019t live there, OK?<br \/>\n1:42<br \/>\nYou bought it for investment purposes Just because it\u2019s worth more possibly when you go to sell it does not make it an investment.<br \/>\n1:49<br \/>\nAll right, so, what I, what I recommend is that you go to a broker, a business broker, not always you\u2019d have to do this, OK?<br \/>\n1:57<br \/>\nBut, like I said, if you\u2019re new to this, here\u2019s what I recommend. You go to a business broker and I\u2019m gonna give you one right now.<br \/>\n2:04<br \/>\nI don\u2019t know these people.<br \/>\n2:06<br \/>\nYou say, No, I don\u2019t have any deals with them. I dislike the way the offers are presented on the website. So, the name of the website for this broker is xchange marketplace dot com.<br \/>\n2:17<br \/>\nXchange marketplace dot com, just like I said it.<br \/>\n2:22<br \/>\nSo, if you go to that site, hec, let me just go there. Alright?<br \/>\n2:27<br \/>\nAnd you can just scroll through, um, listings, Alright, just like you\u2019re shopping for anything else.<br \/>\n2:37<br \/>\nSo let\u2019s see if I can do a screen share here.<br \/>\n2:43<br \/>\nAlright, so here we are. We\u2019re at exchange marketplace dot com.<br \/>\n2:48<br \/>\nAnd I could just scroll through and you see here, all these businesses that are for sale, you\u2019ve got, let\u2019s say I should reduce the size back to where it was, OK. So you\u2019ve got, like listed the look at the first listing, OK, Eco Fish Tackle.<br \/>\n3:07<br \/>\nThe average revenue, this is per month, is $35,000.<br \/>\n3:10<br \/>\nHe\u2019s netting $11,000 so 30, roughly 33%, 35% of the gross revenue is profit.<br \/>\n3:18<br \/>\nNow I\u2019m gonna give you a benchmark to consider, and he\u2019s asking $80,000 for it. So here\u2019s what I look at.<br \/>\n3:22<br \/>\nFirst of all, the asking price is not important.<br \/>\n3:28<br \/>\nI know you guys aren\u2019t gonna, this is not going to sit well with you.<br \/>\n3:31<br \/>\nIf I\u2019m shopping for a boat, which is a liability, yeah, the asking price is important. I\u2019m buying a liability.<br \/>\n3:37<br \/>\nHere, the asking price is only a factor in determining what my cashflow is going to be. What do I want?<br \/>\n3:45<br \/>\nWhat kind of cash flow do I want? Maybe I don\u2019t want cash flow, whatever.<br \/>\n3:50<br \/>\nHere\u2019s one benchmark you can use.<br \/>\n3:52<br \/>\nSo looking at the price, $79,000, don\u2019t get scared.<br \/>\n3:57<br \/>\nDivide that by the gross revenue monthly, so he wants to 80,000, and it takes two months to make $70,000.<br \/>\n4:07<br \/>\nSo within three months, you\u2019ll actually start making $11,000 a month, pretty darn good, That\u2019s steller, it\u2019s stellar.<br \/>\n4:16<br \/>\nAnd I\u2019ll tell you why, because I\u2019m in the nineties, I\u2019m going to use the nineties as an example because so not in the nineties, a brick and mortar business would be doing really well where the owner netz 15% of the gross.<br \/>\n4:29<br \/>\nSo, like a 7, 11 or whatever, Any kind of brick and mortar, barbershops, things like that, OK, 15% and that\u2019s a good business now some people were making 25%, that\u2019s really good.<br \/>\n4:43<br \/>\nToday, we have online businesses, the net is much higher because operating costs are lower.<br \/>\n4:49<br \/>\nUsually they don\u2019t have to be.<br \/>\n4:51<br \/>\nSo you should reasonably like in the nineties if someone told me he was netting $80,000 or I\u2019m sorry, 80% I would question, if you\u2019ve given me a real numbers, OK, the reason why, I\u2019m telling you, back in the nineties, on a brick and mortar, 15 to 25% was really good.<br \/>\n5:08<br \/>\nThat\u2019s for a really good, well run business, 5% was acceptable in some cases, OK.<br \/>\n5:16<br \/>\nToday, if someone\u2019s showing here 80% like this guys netting 33%, right, that\u2019s pretty good. That\u2019s way beyond what you got in the nineties.<br \/>\n5:28<br \/>\nAnd it\u2019s only going to take three months to pay it off.<br \/>\n5:30<br \/>\nI mean, of gross income.<br \/>\n5:34<br \/>\nSo, the benchmark is 15 to 25%, OK, But we\u2019re over at, we\u2019re already at 33% on this offer here.<br \/>\n5:44<br \/>\nSo, that\u2019s OK.<br \/>\n5:45<br \/>\nAnd some of these are going to be netting you 80%, OK, So your net income is 80%.<br \/>\n5:50<br \/>\nDon\u2019t be, don\u2019t think those numbers are fake, it\u2019s what I\u2019m telling you, OK, this is a different world now, What you want to look for is your, your gross.<br \/>\n5:59<br \/>\ndivided by, buy your by your gross monthly and how many of those, how many months does it take to pay off?<br \/>\n6:06<br \/>\nThe asking price? Assuming you pay the asking price.<br \/>\n6:12<br \/>\nI say my benchmark is if it takes less than 12 months to pay off the asking price of the business cash flow. If I\u2019m using only the business cash flow, the gross income, if I can do pay off the asking price within 12 months, I think I\u2019m in the ballpark of the thing I would be willing to buy. Now, there is, there are those outside of the norm where the asking price is three times your annual gross.<br \/>\n6:37<br \/>\nSo, you know, it just depends, again, it depends on what you want, it depends on if you want a certain type of cash flow.<br \/>\n6:45<br \/>\nOK, there\u2019s some other numbers too, we can talk about that later.<br \/>\n6:48<br \/>\nAnother, OK, another, let\u2019s say look, here I go, OK, so you want to be able to pay off the business within three months to a year is reasonable, here\u2019s one for $1900.<br \/>\n7:01<br \/>\nIt\u2019s it\u2019s netting $700 a month, OK?<br \/>\n7:05<br \/>\nthere you go, Where could you get that deal?<br \/>\n7:08<br \/>\nYou\u2019re gonna put down $1800, something, some of you guys have put down $1500 on a TV.<br \/>\n7:13<br \/>\nOK, or vacation.<br \/>\n7:15<br \/>\nSo, so if I put $1500 on this, and these numbers are correct, let\u2019s just say they\u2019re correct, and in three months, my net is going to pay off the asking price, I\u2019m not even talking about my gross.<br \/>\n7:27<br \/>\nAccording to these numbers though, one month of growth is going to pay off my asking price.<br \/>\n7:33<br \/>\nThose are real numbers the broker will make sure they\u2019re real and he even has a forensic auditor.<br \/>\n7:39<br \/>\nSo I know what you\u2019re thinking, You\u2019re gonna like, yeah, well jonna, these numbers aren\u2019t probably real, it\u2019s on the Internet. No.<br \/>\n7:46<br \/>\nWe\u2019ve kicked the tires on some of these. They\u2019re pretty good deals.<br \/>\n7:49<br \/>\nSo, reasonably, you want to look at a deal if you just want some supplemental cash flow, OK?<br \/>\n7:55<br \/>\nAnd you can start with supplemental cash flow, meaning 2 to 4 or $5000 a month, even grosz Then you want to pick something that\u2019s scalable, OK? That\u2019s the other criteria.<br \/>\n8:05<br \/>\nSo I\u2019m, I\u2019m over 15% net. I\u2019m over 25% net, that\u2019s fine.<br \/>\n8:12<br \/>\nMy asking price is commensurate with my gross monthly income to where I can pay off the business within three months many times and certainly within 12 months.<br \/>\n8:22<br \/>\nNow, for some of you out there, you might be in it somewhere, an advanced, more comfortable way of doing that, you might look at it and say, Heck, I don\u2019t mind this deal if it takes me three years to pay it off, I\u2019m in, so it just depends on what you have a stomach for.<br \/>\n8:34<br \/>\nK, But my initial recommendation is that you try to get something that\u2019s going to net, use something within 90 days, are 60, I mean, six months, 180 days, right, half a year.<br \/>\n8:46<br \/>\nThat\u2019s reasonable, OK, with these offers.<br \/>\n8:48<br \/>\nHere, $4000, I\u2019m Engrossing 3300 a month, so Clearly within two months. I\u2019m off and running with two K a month profit. I mean this, right? So I know some of you guys pay this much, $4000 just to go to a seminar to learn how to sell real estate, OK?<br \/>\n9:07<br \/>\nHere\u2019s what\u2019s needed.<br \/>\n9:09<br \/>\nYou want it you want to get something with those type of number ratios, OK?<br \/>\n9:12<br \/>\nCash in cash out Can I paid off in a short time, OK?<br \/>\n9:18<br \/>\nYou also want to get something like, if we go back up here, let me scroll back up here and, look. There\u2019s Inventory here.<br \/>\n9:24<br \/>\nThere\u2019s a value on the inventory. I don\u2019t care what the value is.<br \/>\n9:27<br \/>\nI just care that, in some cases, I want there to be inventory and lots of times it\u2019s a drop shipping operation. That means I don\u2019t have to have things sent to my garage. And I have to park my car, my neighbor\u2019s driveway. So I can put you know the product in my garage and then ship it out and things like that. I can have someone else take care of all that for me. And the customer pays the shipping costs and postage and all that stuff like on an e-bay type operation.<br \/>\n9:50<br \/>\nSo, inventory value tells me that there\u2019s someone there\u2019s already set up a dropshipping, probably dropshipping operation.<br \/>\n9:56<br \/>\nYou can click on the business name, and they\u2019ll give you more detail, and then you can ask the broker for more information. You\u2019ll see a way to do that here. This is baby steps. This is just to get going, get your feet wet. Don\u2019t be afraid. They always want to talk to you because your potential customer, OK.<br \/>\n10:13<br \/>\nThese brokers will make money, and if it\u2019s after your first deal, you\u2019ll be surprised.<br \/>\n10:17<br \/>\nThey\u2019ll be asking if you want to buy more businesses. It\u2019s really interesting.<br \/>\n10:22<br \/>\nAll right?<br \/>\n10:22<br \/>\nSo, what interests me is the fact that there\u2019s inventory already.<br \/>\n10:26<br \/>\nI only need to know how to deal with my dropshipping center. That\u2019s the case.<br \/>\n10:31<br \/>\nI need to manage my shopping cart.<br \/>\n10:33<br \/>\nI probably need my own merchant account when I buy it.<br \/>\n10:36<br \/>\nAnd I need to make whatever ranges with the seller, so a lot of times a seller will finance it to me and people ask me what and you\u2019ll look at these listings, OK?<br \/>\n10:44<br \/>\nA lot of times, they\u2019ll say, why is someone going to sell me a business like this when it\u2019s making good money and it has an upward sales trend and it\u2019s scalable, and he\u2019s even telling me the seller is telling me it\u2019s scalable. I want something that\u2019s scalable.<br \/>\n10:57<br \/>\nIt means that I\u2019m seeing what they\u2019re they\u2019re doing right now. And they\u2019re already making profit and the upward center of trail upward trend of sales. is there.<br \/>\n11:04<br \/>\nAnd so, I\u2019m seeing that and going, well, there\u2019s a couple of niche markets that are completely not even in these results here that I know I can do, and if I talk to the owner, lots of times, they\u2019ll say, Yeah, I know, but it\u2019s time for me to sell it. So these are investors that build these up and sell within two years, OK.<br \/>\n11:19<br \/>\nAnd they make their money up until that two year mark, and then they get out. So they just sell early. That\u2019s all it is for the most part, for the most part.<br \/>\n11:26<br \/>\nNow some of these that are a quarter million dollars or something like that, it just might be aware.<br \/>\n11:31<br \/>\nSome person decided he wanted to sell and he ended up talking to a broker and ended up here. These are Shopify websites, by the way.<br \/>\n11:39<br \/>\nI think it\u2019s exclusively so it\u2019s nice to get your training wheels here and then get your training wheels off once you go through a deal, and then start looking around, and you\u2019ll see there are more opportunities in this this just to get your get you going.<br \/>\n11:54<br \/>\nSo Yeah, and you can get financing. You\u2019ll find out the Broker will connect you with financing. Now, it\u2019s good, if you have good credit, personal credit, it\u2019s good.<br \/>\n12:02<br \/>\nJust keep in mind, you want to have a way where you\u2019re, you\u2019re using a business to buy a new business like here.<br \/>\n12:09<br \/>\nAnd you might be the personal guarantor on the loan. If you have to get a third party loan and the Broker will help you with that, he will also work with you and the seller will work with you on financing.<br \/>\n12:20<br \/>\nThe seller will actually lend you the money both ways.<br \/>\n12:23<br \/>\nSo you can be the personal guarantor and then you can get refinanced out usually within a year with personal credit. And so if you have good credit, it\u2019s going to be a benefit to you, but I would just warn you, don\u2019t think that you should stay with personal credit. It\u2019s good to get going.<br \/>\n12:39<br \/>\nAnd then with your business, you\u2019ll want to establish business credit within that year. And then get refinanced out and the lender will lots of times help you with that deal.<br \/>\n12:47<br \/>\nAnd then what that means is, by the end of the year, you will not be the personal guarantor for the loan that she used to buy the business, OK, That should be part of your plan.<br \/>\n12:59<br \/>\nAnd there\u2019s a lot more detail. I mean, I can go on for a long time.<br \/>\n13:01<br \/>\nSo, what I\u2019m doing is this video is to promote the concept of doing this, And I want to get you guys interested in looking at more detail and in some real numbers and strategies that I have in the members area at Privacy fight. OK, Privacy, Fight club dot com, and privacy, fight dot com.<br \/>\n13:17<br \/>\nAll right, I hope that gives you some good, helpful information.<br \/>\n13:20<br \/>\nCome back here.<\/p>\n        <\/div>\r\n    <\/div>\r\n\r\n    \r\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-720bf16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"720bf16\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d6a8c5\" data-id=\"6d6a8c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2641fd elementor-widget elementor-widget-spacer\" data-id=\"f2641fd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-64a515f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"64a515f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-be99125\" data-id=\"be99125\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d92f78 elementor-widget elementor-widget-text-editor\" data-id=\"1d92f78\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Part II<\/strong><\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2102340 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2102340\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f31a372\" data-id=\"f31a372\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d792500 elementor-widget elementor-widget-text-editor\" data-id=\"d792500\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"vidseo_wrapper\" style=\"width: 100%;\">\r\n\r\n    \r\n    \r\n        <div class=\"vidseo_vimeo\">\r\n\r\n            <iframe title=\"vimeo-player\" src=\"https:\/\/player.vimeo.com\/video\/716095747\/?\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\r\n\r\n        <\/div>\r\n\r\n    \r\n    \r\n    <div class=\"vidseo_collapse\" style=\"\">\r\n        <div class=\"vidseo_btn\" style=\"\">\r\n            U11 \u2013 How to Create New Cash Flow for Beginners \u2014 Part II of II\r\n0:04\r\nHello, everyone.\r\n0:04\r\nThis is John Jay Singleton, and I wanted to share with you what I would normally discuss regarding how to create some cash flow, generate some cash flow, acquire a business. There\u2019s all kinds of ways&#8230;        <\/div>\r\n        <div class=\"vidseo_collapse_content\" style=\"\">\r\n            <p>U11 \u2013 How to Create New Cash Flow for Beginners \u2014 Part II of II<br \/>\n0:04<br \/>\nHello, everyone.<br \/>\n0:04<br \/>\nThis is John Jay Singleton, and I wanted to share with you what I would normally discuss regarding how to create some cash flow, generate some cash flow, acquire a business. There\u2019s all kinds of ways to make more money.<br \/>\n0:20<br \/>\nEveryone has his own preference.<br \/>\n0:23<br \/>\nI\u2019m going to share with you some of the principles that I think are important to consider.<br \/>\n0:26<br \/>\nAnd a lot of this I\u2019ve discovered over the years, I mean, more than 30 years, probably, just because I didn\u2019t want to be like everybody else. I didn\u2019t want to be an employee, so I figure these things out over.<br \/>\n0:39<br \/>\nMost of my life, and recently, I\u2019m going to share with you what I\u2019ve discovered recently, which makes everything so much easier.<br \/>\n0:47<br \/>\nUm.<br \/>\n0:49<br \/>\nAnd the whole idea here is that you can generate money for yourself, let\u2019s call it $2000 a month.<br \/>\n0:56<br \/>\nWithout getting a second job, yeah, you do have to put some time into it, and sometimes you have to put some money into it.<br \/>\n1:03<br \/>\nSome of the strategies, well, most of what I\u2019ve done in the last 10 or so years been about bootstrapping That means starting a project, as I call it, a project, to make more money, starting with no money or very little money.<br \/>\n1:19<br \/>\nYou don\u2019t have to do that. It\u2019s not the best way to go, but it\u2019s quickened.<br \/>\n1:23<br \/>\nIt\u2019s quick and I wouldn\u2019t say I shouldn\u2019t say easy, but it\u2019s something that pretty much everyone can do.<br \/>\n1:28<br \/>\nIn other words, there\u2019s, there\u2019s no excuse to not creating more income for yourself.<br \/>\n1:36<br \/>\nJust because you don\u2019t have or you think you don\u2019t have the money to do so.<br \/>\n1:42<br \/>\nSo, I\u2019m going to show you real right here first.<br \/>\n1:49<br \/>\nyou\u2019re looking at a website now, this website is called xchange marketplace dot com.<br \/>\n1:55<br \/>\nThis is a business broker that sells Shopify websites. I don\u2019t turn Dorsett necessarily. I just like to use it as an example because it\u2019s really nice. It\u2019s presented nicely.<br \/>\n2:07<br \/>\nThe listings are very comprehensive and I see many of these listings as very doable for many people.<br \/>\n2:14<br \/>\nSo I like to use exchange marketplace dot com as an example to start.<br \/>\n2:18<br \/>\nSo if you\u2019re considering the question of how to make more money, how to receive more money, more income, for whatever reason.<br \/>\n2:27<br \/>\nMaybe you\u2019re retired and you just, you\u2019re not very comfortable with your income.<br \/>\n2:32<br \/>\nThis is a way to increase your income.<br \/>\n2:36<br \/>\nYou don\u2019t have to be technical or savvy when it comes to the Internet.<br \/>\n2:39<br \/>\nI\u2019m just starting with the Internet as an example.<br \/>\n2:42<br \/>\nI can I can show you some examples without any Internet whatsoever.<br \/>\n2:47<br \/>\nBut once you learn the basics here, it\u2019s just convenient for me to show you on the Internet with different websites.<br \/>\n2:54<br \/>\nthat once you learn the basics, you can literally go out anywhere in any community with no technology. And you can do the same principles.<br \/>\n3:02<br \/>\nSo the thing to keep in mind, it\u2019s very possible, very likely and very doable to start a new venture where you can make more money quickly.<br \/>\n3:11<br \/>\nAnd I like to say, within 90 days, a reasonable amount of money within 90 days, starting with almost nothing.<br \/>\n3:19<br \/>\nSo, that gets rid of a lot of excuses, and maybe you don\u2019t believe me, that\u2019s OK. But I tell you right now, many times that I\u2019ve helped many people do it.<br \/>\n3:27<br \/>\nHere\u2019s a quick example, right. So, exchange, marketplace dot com.<br \/>\n3:33<br \/>\nLet\u2019s just scroll down. I didn\u2019t even. well, I\u2019m logged in, OK.<br \/>\n3:36<br \/>\nSo, maybe you want to create an account for free, OK, That helps a little bit, so you just go there, scroll down, and all these listings are right away. You just start seeing all these listings, right?<br \/>\n3:47<br \/>\nSo let me show you what to look for. This is my suggestion.<br \/>\n3:53<br \/>\nHere\u2019s a business, the first one listed.<br \/>\n3:58<br \/>\nI don\u2019t care what product is. They\u2019re selling what? Instagram influencers.<br \/>\n4:01<br \/>\nI don\u2019t know, product.<br \/>\n4:07<br \/>\nBut anyways, I just look at these numbers, first of all, So, what we\u2019re looking at is a business that\u2019s for sale For $500, and it makes $5000 a month. Now, you have to ask, Well, wait a minute, why, but someone\u2019s sell me a business for $500. Just make it four times that per month.<br \/>\n4:23<br \/>\nThat means I can pay for the business in one week with one week\u2019s gross income.<br \/>\n4:29<br \/>\nWell, look at the average profit. So that profit is 50% of the gross revenue monthly.<br \/>\n4:36<br \/>\nAnd then the seller wants even half of that.<br \/>\n4:39<br \/>\nSo, it would take literally two weeks to pay for this business. That\u2019s a pretty good example.<br \/>\n4:42<br \/>\nNow, remember, this is a business broker.<br \/>\n4:46<br \/>\nSo the listings should be accurate and I would think the broker would have somewhat vetted out the listing, maybe not that I would think so.<br \/>\n4:55<br \/>\nBecause it has a reputation, right?<br \/>\n4:57<br \/>\nBut there\u2019s an example, here\u2019s another one, this asking price is $99,000.<br \/>\n5:02<br \/>\nIt\u2019s netting $20,000 a month now that sounds like more real numbers, because it\u2019s going to take me monthly, a few months to pay it off. Let\u2019s just go buy this number. I mean, it\u2019s going to take me five months to pay it off.<br \/>\n5:15<br \/>\nThat\u2019s pretty cheap because the industry standard for selling a business is the annual income.<br \/>\n5:21<br \/>\nSo, the annual income here, let\u2019s call the annual income, is going to be a more, like $400,000, right. Now, multiply that by 12, about 400 or something like that, right?<br \/>\n5:31<br \/>\nSo, you would think this would be should be 4 30.<br \/>\n5:34<br \/>\nWhat I\u2019ve done or discovered recently, is when I look into these different listings, I\u2019ve found that for the most part, you have investors that know how to build a business on the internet or retail type business, Scale it up, have an upward trend of sales within six months to two years, and then they sell it.<br \/>\n5:53<br \/>\nThen they move on to the next one, so I don\u2019t know how that makes some money. I would think it\u2019s making them money.<br \/>\n5:58<br \/>\nI wouldn\u2019t think any of these things are, you know, false listings or false numbers.<br \/>\n6:03<br \/>\nAnd I just think that there are some investors that just sell early.<br \/>\n6:07<br \/>\nThat\u2019s all I could come up with. I\u2019ve never bought from this website.<br \/>\n6:10<br \/>\nI don\u2019t have any deal with the broker or, you know.<br \/>\n6:13<br \/>\nBut I\u2019ve looked into some of these, and that\u2019s my conclusion.<br \/>\n6:16<br \/>\nSo anyways, take it for what it\u2019s worth, But this is what I would look for.<br \/>\n6:19<br \/>\nSomething now, private listing just means probably that.<br \/>\n6:24<br \/>\nNobody wants to say who it is, right?<br \/>\n6:27<br \/>\nHe\u2019s just going to show you the numbers.<br \/>\n6:30<br \/>\nMaybe you don\u2019t carry them.<br \/>\n6:32<br \/>\nSee, So, whoever this is, doesn\u2019t want it to be known publicly that he\u2019s selling the business, or they\u2019re selling business, Whoever signs investments.<br \/>\n6:41<br \/>\nThat\u2019s why you see private listing here. Maybe it\u2019s a very popular brand or something.<br \/>\n6:46<br \/>\nThis is, these are pretty good numbers. I mean, this looks like a pretty good opportunity. So, for example, I would look at like this. Let\u2019s say, I want to make $20,000 a month.<br \/>\n6:53<br \/>\nWell, do I need to pay $100,000? Maybe.<br \/>\n6:57<br \/>\nBut the seller will probably accept financing, if I paid off in a short term, we can talk about that.<br \/>\n7:02<br \/>\nAnd we go on and look, we can see more.<br \/>\n7:08<br \/>\nSo, the idea is you want to buy pay for a business that you can, that matches the gross annual income. So, for example, the asking price should be less than your annual.<br \/>\n7:20<br \/>\nSo, your annual growth. So this, and this average monthly, it says $582,000 a month. This is craziest.<br \/>\n7:27<br \/>\nLike, I don\u2019t see why they would sell it for that little bit in any case.<br \/>\n7:32<br \/>\nThat\u2019s what you\u2019re looking at. Here\u2019s 99,000, right?<br \/>\n7:35<br \/>\nIt\u2019s going to take a few months to pay this off.<br \/>\n7:38<br \/>\nI wouldn\u2019t want to pay something that\u2019s going to take more than a year\u2019s worth of gross income.<br \/>\n7:42<br \/>\nRemember, this is the gross total is this times 12, OK?<br \/>\n7:49<br \/>\nI wouldn\u2019t want to go beyond a year, usually you could, But here you go, I mean look at all these opportunities, it\u2019s netting a dollar.<br \/>\n7:57<br \/>\nIt doesn\u2019t sound like something but, but if you think about it, Doghouse, or ped, OK, I just happen to know.<br \/>\n8:05<br \/>\nAnd I\u2019ve not done the numbers research on this, but I can tell by observing.<br \/>\n8:08<br \/>\nThe pet products are a big market. There\u2019s a huge market.<br \/>\n8:12<br \/>\nIt\u2019s like exercise equipment and diet, diet programs and diet supplements, OK. That\u2019s a huge market.<br \/>\n8:18<br \/>\nAnd you can just get a niche in that market and make a ton of money, right, So this just tells me there\u2019s no inventory. And it\u2019s got a small income.<br \/>\n8:26<br \/>\nBut it\u2019s definitely got to be scalable.<br \/>\n8:28<br \/>\nSo, that\u2019s the other criteria that you can pay for it within a year.<br \/>\n8:31<br \/>\nBased on the asking price and the gross revenue, and it can be scaled up, or that the current business is not taken advantage of certain things. And sometimes, I mean, they did that deliberately. They\u2019ll even tell you in the offer, we deliberately didn\u2019t take advantage of this. We didn\u2019t scale up, or whatever reason.<br \/>\n8:47<br \/>\nYou want to be able to identify those opportunities, that\u2019s just like any, anything that you get into any type, anytime you get into an existing business.<br \/>\n8:55<br \/>\none of the first things you want to look at is how can I immediately make more money.<br \/>\n8:58<br \/>\nLike, I buy an apartment complex, you see this all the time, someone buys an apartment, complex, the rents go up, or they fire the top guys, You know, things like that.<br \/>\n9:10<br \/>\nThen of course, you can, if you want to, you know, look at an offer at some point, you\u2019re gonna, you\u2019re gonna need to disclose your identity or something. Whoever.<br \/>\n9:24<br \/>\nyou know, name yourself or whatever, and there\u2019s something you\u2019ll need to know later on. But basically it involves when you go to look at books like this, like an offer, like 77 plays dot com, right?<br \/>\n9:35<br \/>\nIf you want to make an offer on this, sometimes the seller will want to know who you are, he\u2019ll want to know that\u2019s your business that your business has Accounting records, right?<br \/>\n9:45<br \/>\nSo it\u2019s a real business, and it has some income or assets, so it has the ability to pay for this listing usually.<br \/>\n9:53<br \/>\nSo, before you even start doing this.<br \/>\n9:55<br \/>\nYou may want to consider registering a company and getting a financial statement, which is very easy to do. I\u2019ll show how to do that later on.<br \/>\n10:02<br \/>\nSo let\u2019s see, we can see. He\u2019ll tell you the seller\u2019s telling you why the business was started, why is he\u2019s selling it.<br \/>\n10:09<br \/>\nThat\u2019s legitimate, reasonable. It\u2019s probably not true. The reason why selling, it\u2019s probably not true, but who cares?<br \/>\n10:15<br \/>\nI take people out there face value in this situation.<br \/>\n10:17<br \/>\nThere\u2019s nothing else you can do, Really?<br \/>\n10:20<br \/>\nWhat\u2019s involved? That\u2019s kinda nice it spells it out for you.<br \/>\n10:23<br \/>\nAnd look, he founded eight months ago.<br \/>\n10:26<br \/>\nAnd he\u2019s working on one hour prorate well, look at the results, mean.<br \/>\n10:33<br \/>\nHe\u2019s making one thousand bucks.<br \/>\n10:35<br \/>\nSo look, this is like almost 50% profit.<br \/>\n10:39<br \/>\nThat\u2019s pretty good. Because a good retail brick and mortar, it\u2019s 15%. You can do your research and find out for yourself.<br \/>\n10:45<br \/>\nBut what I\u2019ve seen over the years is 15%. This one\u2019s making about 50%, 5 0. That\u2019s pretty good.<br \/>\n10:52<br \/>\nAll right.<br \/>\n10:53<br \/>\nSo this is one that\u2019s already done for you, right? You can make deals or whatever.<br \/>\n10:57<br \/>\nExchange marketplace dot com.<br \/>\n11:00<br \/>\nNow, here\u2019s another one, I\u2019m gonna Go back here. I wanted it.<br \/>\n11:03<br \/>\nThese are out of order, but one of the ones I want to show you is this.<br \/>\n11:10<br \/>\nThis is a similar one that has a more diverse listing.<br \/>\n11:17<br \/>\nWebsite, closers dot com.<br \/>\n11:19<br \/>\nAll right.<br \/>\n11:22<br \/>\nThis, well, list your business for sale and will sell your business.<br \/>\n11:27<br \/>\nSee websites for sale, like it says, Websites for sale.<br \/>\n11:33<br \/>\nNow, that doesn\u2019t mean that you can\u2019t use a website to market at brick and mortar business.<br \/>\n11:36<br \/>\nYou can have a brick and mortar business, and you can acquire a website business that\u2019s similar to your business.<br \/>\n11:42<br \/>\nLet\u2019s say you\u2019re selling Chinaware or you\u2019re selling cosmetics.<br \/>\n11:48<br \/>\nDo you wanna reach a different market?<br \/>\n11:50<br \/>\nYou can come to this website closers dot com and by a business, it\u2019s already selling the same product. You are. In fact, it might be a competitor.<br \/>\n11:58<br \/>\nYou can buy that business and make it away, use it as a way to scale up and reach a new market in your existing brick and mortar business.<br \/>\n12:06<br \/>\nSo, here we go again, we\u2019ve got home services, lead generation platform, whatever, right, it\u2019s producing $4 million a year.<br \/>\n12:17<br \/>\nThe seller wants $19 million.<br \/>\n12:18<br \/>\nNow that those numbers may seem shocking for a lot of you, maybe you\u2019re not into that, But I\u2019m just saying, OK, you make the same assessment as we explained previously on this, you know, on exchange marketplace dot com, just different numbers, I\u2019m going to delete that page right now.<br \/>\n12:37<br \/>\nSo, who cares what the product is?<br \/>\n12:40<br \/>\nYou know, unless it\u2019s something that goes against your morals, it\u2019s a product, and you\u2019re all you care about is the cash flows, co-write weinstock.<br \/>\n12:49<br \/>\nUm, here\u2019s a retailer who wants, he\u2019s producing $2 million at a cost $8 million, so this is more.<br \/>\n12:56<br \/>\nYou\u2019re more of your traditional type asking price.<br \/>\n12:59<br \/>\n$8 million, and it\u2019s going to take four years based on the gross revenue.<br \/>\n13:06<br \/>\nLook what kind of business it is it\u2019s a retailer of unlicensed successor\u2019s.<br \/>\n13:12<br \/>\nI don\u2019t know exactly what that means Business to Business, and this is direct to consumer.<br \/>\n13:23<br \/>\nIt goes on and on and on you see you\u2019ve got one here.<br \/>\n13:26<br \/>\nIt\u2019s producing almost 200,000 a year.<br \/>\n13:28<br \/>\nYou want 650 P meeting the seller, I don\u2019t know who is, know, here\u2019s another one, subscriptions.<br \/>\n13:34<br \/>\nYou\u2019re just selling here, these are subscriptions, and so forth.<br \/>\n13:39<br \/>\nAnd I\u2019m sure there\u2019s something that will suit your criteria, What is, what is it you\u2019re willing to pay, and what is it you\u2019re willing to get into, and concerning the time involved in your ability or willingness to market it?<br \/>\n13:49<br \/>\none of the controlling packer\u2019s I suggest, that you use to decide what it is you\u2019re going to do to make more money is to do something that you\u2019re very proficient in and probably the most important is to do something that you love.<br \/>\n14:04<br \/>\nHopefully, it\u2019s the same thing. Hopefully the thing you want it, you end up doing is the thing you love and you can and you\u2019re proficient in it.<br \/>\n14:11<br \/>\nAnd you can make a lot of money as much money as you want in it.<br \/>\n14:14<br \/>\nBut I think the most important ways to do the thing that you love, I\u2019ll give an example.<br \/>\n14:18<br \/>\nI talked to a woman the other day, and she loves art.<br \/>\n14:22<br \/>\nAnd the reason why, she didn\u2019t tell me that directly, she, based on her conversation, I just let her tell me things.<br \/>\n14:28<br \/>\nAnd then I concluded for myself that it was art, and I confirm that my ask us, and we\u2019ll do like art more than you\u2019d like real estate.<br \/>\n14:34<br \/>\nAnd she of course said, Yeah.<br \/>\n14:35<br \/>\nAnd I suggested, did she stay in real estate, developer art, because she needed a studio.<br \/>\n14:41<br \/>\nAnd I thought, Well, why not, instead of looking for a studio. So, you can do your art, and then, oh, by the way, let\u2019s get some real estate.<br \/>\n14:48<br \/>\nWhy not get yourself into a commercial lease agreement, short-term, and build up an art studio, and with the idea that, yeah, you\u2019re a tenant in a commercial real estate, but you can buy the location at some point as your real estate investment, But in the meantime, you can develop a customer base in your art studio and still serve your interests, and doing your own art. You can have your own studio with your own supplies and facilities.<br \/>\n15:17<br \/>\nAnd you can also create that space for other people, instead of just thinking about the thing you want, why not think bigger and build something that other people will want as well. And then provide that, make that available to them, and that will help serve both of your interests.<br \/>\n15:35<br \/>\nAnd in her case, that is probably what she\u2019s going to do, just as an example.<br \/>\n15:40<br \/>\nUm, so, anyways, you know, this is just another broker, I\u2019m sure there are many of them.<br \/>\n15:44<br \/>\nThere are many brokers that sell all kinds of businesses that are not on the Internet or don\u2019t use the Internet, primarily these two that I\u2019m showing you Exchange marketplace dot com and website closers those use the Internet primarily, obviously.<br \/>\n16:01<br \/>\nIt goes on and on.<br \/>\n16:04<br \/>\nPretty cool stuff.<br \/>\n16:05<br \/>\nAnyways, Let\u2019s close this out.<br \/>\n16:08<br \/>\nYou get the idea, I hope, now, if you\u2019re not keen on a particular thing or, let\u2019s say, you just, Let\u2019s say, you have a lot of cash. You don\u2019t need to actually do this, by the way. But let\u2019s say, you just have a recent windfall and you want to do something with it.<br \/>\n16:21<br \/>\none of the goatees I recommend is getting into real estate and there are many ways of getting into real estate.<br \/>\n16:26<br \/>\nIf you don\u2019t know about real estate, team up with people that do, there\u2019s a great organization.<br \/>\n16:30<br \/>\nI always recommend, Georgia Real Estate Association, which is in Atlanta, Georgia, and look it up on the Internet.<br \/>\n16:36<br \/>\nGiorgia, real, it\u2019s what they call it.<br \/>\n16:38<br \/>\nConnecting with that, you can become a member. You can go to events and meet people and get them involved with investors, lenders.<br \/>\n16:46<br \/>\nReal estate investors of all kinds, wholesalers, flippers, property managers, the whole, the whole community of real estate investors, OK.<br \/>\n16:54<br \/>\nCommercial real estate, you name it, So that\u2019s, That\u2019s what I\u2019d recommend. I mean, for anybody who wants to do something with some money, or increase his income, I would say, look at real estate.<br \/>\n17:04<br \/>\nThere\u2019s all kinds of ways to do it, so I\u2019m going to show you, um, a great source that I just like.<br \/>\n17:12<br \/>\nI don\u2019t think we need this, but this is A a real estate investor organization.<br \/>\n17:20<br \/>\nSee, it looks at the best website.<br \/>\n17:23<br \/>\nIt\u2019s called bigger pockets dot com. So, I\u2019m just going to go to the main site.<br \/>\n17:28<br \/>\nRather, bigger, pockets, dot, It\u2019s got all kinds of tools here. It\u2019s good to see what\u2019s your information, right? It\u2019s marketing.<br \/>\n17:38<br \/>\nThere\u2019s a bookstore, write all kinds of good books to get on real estate investing.<br \/>\n17:41<br \/>\nNow, I\u2019ve already done some research on this one, so let me share with you.<br \/>\n17:44<br \/>\nHere\u2019s one of the things, this, this is that\u2019s recommended. This is so cool.<br \/>\n17:48<br \/>\nThis bigger, pockets dot com has a list of the 15 best books to buy on real estate investing, and I\u2019ve read some of these, probably half of these All right. And I agree. This list is very good.<br \/>\n18:02<br \/>\nEspecially the last listing here, but here are the best books on real estate investing. They can get this at bigger pockets dot com.<br \/>\n18:11<br \/>\nThe best real estate books, ever, right?<br \/>\n18:14<br \/>\nYou can Google that. You can use the URL that you\u2019re looking at right here. You\u2019ll find it\u2019s pretty easy. Notice how it\u2019s a PDF file.<br \/>\n18:22<br \/>\nBut look at these books, OK?<br \/>\n18:25<br \/>\nGood stuff.<br \/>\n18:26<br \/>\nThis is highly recommended.<br \/>\n18:27<br \/>\nI don\u2019t refer this to many people for many people to buy this.<br \/>\n18:33<br \/>\nNo money down, Lot of strategies on that.<br \/>\n18:40<br \/>\nHouse, I\u2019m flipping, now managing rental properties.<br \/>\n18:45<br \/>\nThis is an excellent book, very basic for beginners. Definitely if you haven\u2019t read this, definitely get that.<br \/>\n18:51<br \/>\nAnd this is core also, this is just the way you want to do things.<br \/>\n18:57<br \/>\nVery classic book.<br \/>\n18:59<br \/>\nGood stuff.<br \/>\n19:01<br \/>\nAll right, you can find that.<br \/>\n19:03<br \/>\nThis is what I recommend, OK, from bigger pockets dot com.<br \/>\n19:06<br \/>\nYou got this book for free Ultimate Beginner\u2019s Guide dot PDF.<br \/>\n19:10<br \/>\nStart on the website and download it, OK?<br \/>\n19:16<br \/>\nReal estate investing, 85 pages.<br \/>\n19:18<br \/>\nThat covers all the basics, definitely, if you haven\u2019t, or you\u2019re just learning about real estate, even if you\u2019re a bet season, check this out.<br \/>\n19:26<br \/>\nThere might be some resources for you there.<br \/>\n19:29<br \/>\nI\u2019m not going to go over that book, But I want you to, I want you to see here\u2019s information on how you can develop more income by getting involved in real estate, and other people have already invented the wheel. Don\u2019t have to figure this out.<br \/>\n19:44<br \/>\nWe don\u2019t need that.<br \/>\n19:48<br \/>\nLet\u2019s see here.<br \/>\n19:52<br \/>\nThere is something interesting here I want to share with you, right?<br \/>\n19:56<br \/>\nI\u2019m going to skip ahead here.<br \/>\n19:57<br \/>\nJust for fun, I found A I started following this person in Canada on what he was doing on fasting, OK.<br \/>\n20:08<br \/>\nAnd he has this logo and he calls it the snake bites. Someone made this logo where he takes the snake.<br \/>\n20:12<br \/>\nYou know, the medical symbol, and he puts a fork in the middle of it see, and it\u2019s a program where, basically, it\u2019s telling you had a fast on saltwater and he\u2019d like a snake, so you don\u2019t need very much very infrequently. So, anyways, I thought was pretty cool. He has a great platform and he\u2019s basically openly said on his platform.<br \/>\n20:28<br \/>\nPlease use my logo. If you want to use my logo to promote things, go right ahead, I said, Fine.<br \/>\n20:34<br \/>\nAnd I went, took his logo, as you can see and I created a snake\u2019s Skin.<br \/>\n20:41<br \/>\nA snake diet snakeskin cap, now, I\u2019m not sure if this is real snakeskin, I\u2019m buying it from China, I\u2019m going to show you what I did.<br \/>\n20:47<br \/>\nI\u2019ve got a snakeskin hat here now I have other items.<br \/>\n20:50<br \/>\nI\u2019ve got this.<br \/>\n20:51<br \/>\nIt\u2019s a nice polo shirt, OK?<br \/>\n20:55<br \/>\nThen I took his M, let me see all that stuff.<br \/>\n20:58<br \/>\nSo, um, there are millions of people following this program, and I thought, you know, if I did this, I could promoted and make a pretty good income. I haven\u2019t promoted it, but if I did, I think I could probably make at least a few thousand dollars a month.<br \/>\n21:13<br \/>\nAnd I\u2019m the one shipping this stuff out.<br \/>\n21:14<br \/>\nSo the order comes in, notice how this is on e-bay, but I can promote it anywhere I want.<br \/>\n21:19<br \/>\nSo the way I set this up is this: I went to Alibaba and I searched on apparel.<br \/>\n21:27<br \/>\nAnd I found a supplier in China, probably was Shenzhen Province, which is common.<br \/>\n21:32<br \/>\nAnd I found somebody that would ship me, make this shirt for me, which, by the way, the company I\u2019ve found over there, don\u2019t ask me who it is, because I don\u2019t, I can\u2019t pronounce these names, but it doesn\u2019t matter.<br \/>\n21:43<br \/>\nThe idea is that I got a company to commit to making this polo shirt for me, I think it\u2019s 100% cotton.<br \/>\n21:51<br \/>\nAnd, um, ****, me, it doesn\u2019t.<br \/>\n21:55<br \/>\nAnd I said, I don\u2019t mind paying more, In fact, I probably will lose money on the first orders.<br \/>\n21:59<br \/>\nI just want, It doesn\u2019t, somebody wanted me to buy 300, and I didn\u2019t want to commit, you know, a few hundred dollars, or, I mean, I mean, like, thousand dollars or more on my inventory to start out, right?<br \/>\n22:09<br \/>\nWho wants to, if you\u2019re going to try to start with no budget or something, don\u2019t start off paying $3000 from some other place.<br \/>\n22:16<br \/>\nTry to get the money from the deal you\u2019re making, So, yeah, put in a few hundred dollars to get the shirt.<br \/>\n22:22<br \/>\nSo what happened was, I had the manufacturer make this shirt for me and send it to me so I can approve it.<br \/>\n22:28<br \/>\nSo I took this image that you\u2019re looking at, and I uploaded it to e-bay.<br \/>\n22:33<br \/>\nSame thing here. I didn\u2019t even have this in hand.<br \/>\n22:37<br \/>\nI took this image and upload it. Now, I don\u2019t know why there\u2019s different pricing here. I think it\u2019s because ones that alternate one\u2019s not.<br \/>\n22:44<br \/>\nAnyways, so you see how this works and out when the first order came in, I didn\u2019t have the inventory. So I told the customer it\u2019s on back order. I\u2019ll ship as soon as possible, and he was OK with that. So I ordered it, I got, it, was probably a few weeks later, And I feel the order, he was happy with it.<br \/>\n23:01<br \/>\nSame thing here. I think I sold one of these and two of these shirts, OK.<br \/>\n23:06<br \/>\nBut now, I have an inventory, I have about 12 of these. And I\u2019ve got 11 of these left.<br \/>\n23:10<br \/>\nI think I got 10 of these left, OK, But that\u2019s how it goes. So I\u2019m in for about, you know, a few hundred dollars.<br \/>\n23:16<br \/>\nSo, what if I were to market this, I probably could make you know, 3000 a month.<br \/>\n23:21<br \/>\nNow, here\u2019s another version of Ali of Alibaba.<br \/>\n23:24<br \/>\nI\u2019m not saying Alibaba is your only place to go and I don\u2019t have any deals with Alibaba. I just use it as a resource, the tool.<br \/>\n23:30<br \/>\nAli express is another way where you can actually find suppliers to sell you lower quantities at once.<br \/>\n23:40<br \/>\nSo Alibaba and ali express.<br \/>\n23:43<br \/>\nI use these two to create this product. I listed it on e-bay and I have sold a couple with no money out except my inventory.<br \/>\n23:52<br \/>\nI recommend, if you\u2019re going to spend money first, your first money should be, spending are spent on marketing, because that\u2019s where you\u2019re going to make money.<br \/>\n24:02<br \/>\nYou shouldn\u2019t be spending too much money on inventory and stocking preparation.<br \/>\n24:07<br \/>\nI mean, sometimes you have to, but I try to focus my money on marketing first.<br \/>\n24:13<br \/>\nI happen to spend money on inventory this time, but it was a small amount, plus I just want to use it as a demo.<br \/>\n24:20<br \/>\nAll right, so there\u2019s Alibaba. Now. Here\u2019s something else that\u2019s kinda cool.<br \/>\n24:24<br \/>\nLet\u2019s say I want to make a product. Here\u2019s, here\u2019s what I did recently. Now, this is actually a couple of years ago, i-tunes.<br \/>\n24:29<br \/>\nI got an Account Overt shapeways, shapeways is a three-d. printing service, three-d. printing on demand. It\u2019s kinda like loulou, which I\u2019ll get into shortly here.<br \/>\n24:38<br \/>\nShapeways allows me to go, I can sell a product, It\u2019s already on Shapeways, like, for example, see, these items here, they\u2019re showing you.<br \/>\n24:46<br \/>\nYou get all kinds of things like you can have toy parts. You can have stroller components, you know, strollers, like for Baby Stroller.<br \/>\n24:55<br \/>\nYou can have whatever you can imagine. So, what I did is, just for curiosity, I went to Shapeways and I found out which products sold the most. And then, we got that information is, I just Googled it.<br \/>\n25:03<br \/>\nI said, Most popular.<br \/>\n25:05<br \/>\nI searched for the most popular product being sold on shapeways, and it turned out to be at the time.<br \/>\n25:10<br \/>\nA couple of years ago, Little three-d.<br \/>\n25:13<br \/>\nfigurine of Kiana re-use sitting on the edge of a counter.<br \/>\n25:18<br \/>\nBut there\u2019s, like, you know, head in his hand. All right. I don\u2019t know why that was popular.<br \/>\n25:22<br \/>\nBut anyways, so I figured, OK, so if that\u2019s the most popular, I can just find a niche market and sell to that market where there\u2019s less competition because it\u2019s popular.<br \/>\n25:31<br \/>\nSo but I need to find a niche market, so it\u2019s not so popular in that market, and because it\u2019s popular in the other market, I probably would do well, my niche market.<br \/>\n25:39<br \/>\nThat\u2019s the way I look at this stuff.<br \/>\n25:40<br \/>\nBut shapeways just happens to be a place where you can do it, and yeah, the premiums are higher than if you had bought your own three-d. printer and made it yourself But this is really convenient.<br \/>\n25:48<br \/>\nEspecially, if you need something like, um, if you want to make a product, that you need a factory to fabricate, but you can\u2019t afford the, the startup costs. So, you would use shapeways to do it if it\u2019s compatible, right, if your material requirements can be met.<br \/>\n26:08<br \/>\nBut you could use shapeways to get started, to generate your cashflow determine your market, and then you can get that, a little bit of capital, and go work with your fabrication facility.<br \/>\n26:19<br \/>\nLike, uh, like injection molding or whatever it is going to be right now. Another cool thing about Shapeways is you can use its software, I believe.<br \/>\n26:28<br \/>\nAnd you can actually upload your own model up something and have Shapeways print it, fabricated ship it to your customer or yourself, like a coffee mug, Right?<br \/>\n26:37<br \/>\nSomething stupid like that or a bracelet, children\u2019s, you know, jewelry, things like that.<br \/>\n26:44<br \/>\nYou can also download one of its files on an image, and you can modify the file to your liking and then upload it as a new product. And ship it out and sell it that way, You can actually sell it that way. It\u2019s kinda like an Amazon store.<br \/>\n26:58<br \/>\nNow, let\u2019s get into that too, real quick.<br \/>\n27:00<br \/>\nSo that\u2019s shapeways, get rid of that.<br \/>\n27:03<br \/>\nNow, we\u2019ll go see here.<br \/>\n27:11<br \/>\nLet me run a couple of things via. Let\u2019s get rid of Alibaba. Let\u2019s get rid of that for now.<br \/>\n27:16<br \/>\nLet\u2019s look at this.<br \/>\n27:19<br \/>\nAgain, I\u2019m just, no, this is such a big subject that seems like I\u2019m jumping around and maybe I am, but I think if you just follow along, take some notes and see what appeals to you.<br \/>\n27:28<br \/>\nYou could put something together.<br \/>\n27:30<br \/>\none of the things you may want to consider is, I know a lot of you out there with precious metals, And, to some extent, it\u2019s not really making any money.<br \/>\n27:38<br \/>\nMaybe it will.<br \/>\n27:40<br \/>\nBut if you could collateralize it, borrow against it, you can fund something.<br \/>\n27:45<br \/>\nAnd I wouldn\u2019t go into too much debt.<br \/>\n27:46<br \/>\nand I would only use a portion of my medals, whatever you\u2019re comfortable with.<br \/>\n27:49<br \/>\nI wouldn\u2019t bet it all, right.<br \/>\n27:51<br \/>\nBut you could, you could do this, yeah.<br \/>\n27:55<br \/>\nHere\u2019s a service and I have not done any business with these people, I just happen to find it through research.<br \/>\n28:02<br \/>\nMeaning, I Googled it, right? And I read it and I said, OK, this suits the needs I\u2019m looking for.<br \/>\n28:07<br \/>\nSo what these people do is they will, they will let you borrow cash against your precious metals.<br \/>\n28:14<br \/>\nAnd then you can get into something like, for example, if you had a business that was, he could, they could be bought for $50,000, right?<br \/>\n28:21<br \/>\nWhat I would do is take $25,000 worth of precious metals that I would borrow against, and I don\u2019t know what their conditions are. I don\u2019t know if they want to evolve your own your metal for you or whatever that they\u2019ll tell you on the website.<br \/>\n28:33<br \/>\nAnd then I would, I would make an offer to the seller that will finance it, I\u2019ll put 50% down and see, that would be an example of how to use your precious metal, and actually to start making money.<br \/>\n28:45<br \/>\nAnd, again, there\u2019s another service. Let\u2019s find another one here. I\u2019m not gonna go into too much detail, but I wanted to just share that with you as an idea.<br \/>\n28:53<br \/>\nHere\u2019s one called the Lux Exchange.<br \/>\n28:59<br \/>\nAgain, I\u2019ve never done business with these organizations.<br \/>\n29:02<br \/>\nI just happen to find it through research mmm hmm.<br \/>\n29:08<br \/>\nThey tell you all about the types of assets, precious metals, things like that, I see here.<br \/>\n29:14<br \/>\nIt\u2019s stuff even real estate.<br \/>\n29:16<br \/>\nYou can use your property that has value, Apple products, fine art.<br \/>\n29:22<br \/>\nMaybe I\u2019ll have fine art out there that\u2019s just hanging on the wall or something or in a storage place.<br \/>\n29:27<br \/>\nAll right, you can put it up as collateral, get some cash out, make some money with it.<br \/>\n29:32<br \/>\nSo that\u2019s just another, another service, that looks exchange dot com.<br \/>\n29:39<br \/>\nAll right.<br \/>\n29:40<br \/>\nSo now, let\u2019s get into something else here I want to show you.<br \/>\n29:48<br \/>\nNow, I showed you already about exchange marketplace dot com and Exchange marketplace dot com is the one That\u2019s a business broker.<br \/>\n29:56<br \/>\nThat sells Shopify websites, So check it out. I mean, you can buy an existing business.<br \/>\n30:02<br \/>\nIt\u2019s a Shopify website however you want you can go through that broker however or you can build your own.<br \/>\n30:08<br \/>\nYou can start one just go to shopify dot com. Here\u2019s another one.<br \/>\n30:13<br \/>\nIn fact, there are YouTube videos that tell you how to build a Shopify Storefront.<br \/>\n30:17<br \/>\nThere\u2019s another one FC.<br \/>\n30:20<br \/>\nYou can buy an existing one, I don\u2019t know who\u2019s brokering those, but you can you can probably find someone who\u2019s brokering Etsy websites or website businesses, that is a good one. Shopify\u2019s a good one. Now, we also have Amazon Prime.<br \/>\n30:32<br \/>\nAmazon has of business type website, like there\u2019s for consumers and others.<br \/>\n30:42<br \/>\nFor business owners, you can sell through Amazon, just be cautious, because they\u2019ve got the fees slighted toward favoring people that can sell at high volume.<br \/>\n30:53<br \/>\nSo maybe you want to build up your market in what are the less the other services that have less fees like, go.<br \/>\n31:03<br \/>\nNo, like Etsy or Shopify. And then get into an Amazon. I don\u2019t know, you might know better than me. I\u2019m just suggesting that I would stay away from Amazon because of the way it charges ease. Because sometimes you end up becoming an Amazon employee or sales agent rather than having your own business because of the fees that are charged. Sometimes you can even lose money.<br \/>\n31:22<br \/>\nAn Amazon sales, so you have to be careful. You should look at the fees very carefully.<br \/>\n31:28<br \/>\nAnd the different types of accounts with Amazon, but Amazon, you know it\u2019s a pretty good tool. I mean, I\u2019m I\u2019m more inclined to look at Shopify. Etsy e-bay I mean even e-bay and Amazon.<br \/>\n31:36<br \/>\nI mean they might be you know your fees are Now depending on how your model business model is that these might be too much. It might be very.<br \/>\n31:44<br \/>\nUm Affordable depends on what you\u2019re doing.<br \/>\n31:49<br \/>\nSo Amazon, e-bay You don\u2019t have to go too far into that now there\u2019s one thing You may want to look at.<br \/>\n31:58<br \/>\nOK, so we\u2019ve talked about collateral, OK? here\u2019s one last thing I recommend like real estate.<br \/>\n32:04<br \/>\nI also recommend producing or publishing, or writing or compiling some sort of book on its subject.<br \/>\n32:10<br \/>\nAnd I don\u2019t care if the subject is so prevalent.<br \/>\n32:14<br \/>\nLike, I don\u2019t know what kind of what kinds of books are. I mean, you could do you could write a story. You could write a novel, Maybe you\u2019re not a writer, but you can also write how to manuals I\u2019ve seen people write and publish.<br \/>\n32:26<br \/>\nHow did how to compile a scrapbook?<br \/>\n32:29<br \/>\nOK, this person that I know wrote a scrapbook.<br \/>\n32:32<br \/>\nI\u2019m sorry I wrote a book about how to make a scrapbook.<br \/>\n32:36<br \/>\nAnd he didn\u2019t even write the book.<br \/>\n32:38<br \/>\nHe got someone in another country to produce the whole manuscript, like a few hundred dollars, and he sold it, and made like 30 or $40,000.<br \/>\n32:49<br \/>\nJust by knowing how to put this stuff together, you\u2019ve got someone else to write the book on a very common subject, and because he was able to market it a certain way, he was able to make the money on it.<br \/>\n33:00<br \/>\nSo, but anyways, here\u2019s how you do it.<br \/>\n33:04<br \/>\nLet\u2019s say you\u2019re going to put a book together.<br \/>\n33:08<br \/>\nIt could even be a book on algebra now, today. These subjects like algebra are good on video.<br \/>\n33:15<br \/>\nBut Books\u2019 Notebooks can do well, depends on how you\u2019re presenting it.<br \/>\n33:20<br \/>\nUm, anyways lulu dot com, let me just tell you.<br \/>\n33:26<br \/>\nI\u2019ll give you the crash course on lulu dot com because you\u2019ll need to come here and check it out.<br \/>\n33:31<br \/>\nJust sign up, get a free account and check it out. It\u2019s really awesome, almost I\u2019m gonna tell you how this works. So lulu dot com will take your manuscript. Let\u2019s say you\u2019ve already written it.<br \/>\n33:42<br \/>\nYou can upload it to lulu dot com and a PDF I think is a PDF and it will help you design a cover.<br \/>\n33:49<br \/>\nIt will assign an international standard book number for you with a QR code or a UPC code.<br \/>\n33:56<br \/>\nIt\u2019ll produce all of it, and it\u2019ll make a deal for you.<br \/>\n34:00<br \/>\nWith Amazon, Barnes and Noble and all these other booksellers\u2019, like 10 of them are 12 or more, I think.<br \/>\n34:06<br \/>\nIf you go through lulu dot com first, and I think the most at what cost he was like $50, sometimes they\u2019d run a special where it\u2019s free.<br \/>\n34:13<br \/>\nBut for $50, loulou will get you an ISBN.<br \/>\n34:16<br \/>\nAnd by the way, you can get a whole list of maybe 100 ESPN\u2019s for, I don\u2019t know, from it, from the forget the US. Patent Trademark Office.<br \/>\n34:26<br \/>\nI think, I forget who said, Oh, cells, But it doesn\u2019t matter, you get what you need to put a book on the shelf if that\u2019s what you want to do and have it sold through booksellers or you can do it online through lulu dot com.<br \/>\n34:39<br \/>\nIt\u2019s very easy to do.<br \/>\n34:41<br \/>\nEverybody should do that, Everybody should be looking at real estate, at least one deal a year.<br \/>\n34:48<br \/>\nIf you\u2019d like playing video games and and watching TV, I would say you have time to invest in real estate.<br \/>\n34:55<br \/>\nSome people spend a lot of time, like my father used to spend a lot of time shopping for liabilities.<br \/>\n34:59<br \/>\nYeah. He would show up for a vote than a motorcycle than a pooled analysis. Just never bought assets.<br \/>\n35:04<br \/>\nHe always bought liabilities, because as credit was good, if you\u2019re spending time, you\u2019re finding yourself spending time doing that or shopping for interest rates.<br \/>\n35:13<br \/>\nYou may want to consider shopping for assets, OK, and what will bring you the type of income you want for the effort you want to put out, OK, so lulu dot com is a great way to get started.<br \/>\n35:25<br \/>\nE-bay is a great way to get a product out there. Just use your imagination.<br \/>\n35:31<br \/>\nThere you can build a storefront.<br \/>\n35:33<br \/>\nYou don\u2019t have to.<br \/>\n35:36<br \/>\nI just use e-bay on this listing.<br \/>\n35:40<br \/>\nLulu dot com, check it out, all right.<br \/>\n35:41<br \/>\nSo let me show you a couple of tools.<br \/>\n35:45<br \/>\nLet\u2019s say I want it.<br \/>\n35:47<br \/>\nAh, OK. Let\u2019s look at this.<br \/>\n35:50<br \/>\nBut let\u2019s say Remember back here. We had this logo though.<br \/>\n35:53<br \/>\nI didn\u2019t create this logo but let\u2019s say I wanted this logo.<br \/>\n35:57<br \/>\nLet\u2019s say I had an idea about my particular service or product and I can only describe it to you in words, right?<br \/>\n36:04<br \/>\nSo, what I would do is come over here and I would go to this service called fiverr dot com, F I V E R R, double R.<br \/>\n36:12<br \/>\nOK, barbara dot com probably have a login here favorite dot com is a list of professionals that will do things for your business for five bucks OK, that\u2019s why they call it fiber dot com.<br \/>\n36:25<br \/>\nUsually, they call that a gig. All right? So, if I hire someone, for example, to design a logo for me, he\u2019ll probably charge with like three gigs, right, Which is $15.<br \/>\n36:35<br \/>\nThat\u2019s pretty awesome.<br \/>\n36:36<br \/>\nNow, I can get somebody to produce a commercial or do a product opening for me, right?<br \/>\n36:41<br \/>\nSo if I\u2019m going to sell a product, let\u2019s say it\u2019s going to be a toy car. So I would package the product, just like I said to my customer, and I would send it to one of the contractors here at \u2026 dot com.<br \/>\n36:52<br \/>\nI would already make the contract.<br \/>\n36:53<br \/>\nI would pay him in advance and then I would ship him my product, and then he would do an unboxing video of my product.<br \/>\n37:00<br \/>\nHowever, I wanted him to do that. He would wear what I told them.<br \/>\n37:03<br \/>\nHe would say what I told them. He would whatever.<br \/>\n37:06<br \/>\nThen that video then becomes part of my promotional material, and I could do it for really cheap, I mean, really a few hundred bucks do and an unboxing is really a good price.<br \/>\n37:15<br \/>\nI can also have someone produce a commercial form on this website, OK, All kinds of services, I can have someone do a balance sheet and income statement for my business, if I want.<br \/>\n37:24<br \/>\nI had someone do that for me.<br \/>\n37:27<br \/>\nI mean, I can make someone, I can have somebody do a press kit, so all you do is come on to the, let\u2019s see here, let\u2019s find somebody do a precedent.<br \/>\n37:35<br \/>\nI didn\u2019t even sign in, right? I didn\u2019t even login.<br \/>\n37:38<br \/>\nHere we go. Here, these are people.<br \/>\n37:40<br \/>\nDesign a professional media kit.<br \/>\n37:42<br \/>\nThere you go, and 20 bucks.<br \/>\n37:45<br \/>\nWhat that means is, he\u2019s going to charge you four times $5 or four gigs, is what they call it.<br \/>\n37:51<br \/>\nThere you go, here\u2019s an electronic press kit, Really cool.<br \/>\n37:53<br \/>\nIt\u2019s like a webpage to promote something. This, this is how you get on the radio, by the way.<br \/>\n37:58<br \/>\nYou do a press Kit, and this gets you on the radio.<br \/>\n38:01<br \/>\nYou send this out to radio producers, TV producers, brokers. They will place you.<br \/>\n38:08<br \/>\nAll right. You can make a lot of money doing this.<br \/>\n38:12<br \/>\nEverybody should be doing this.<br \/>\n38:14<br \/>\nIt\u2019s just fun, and you can make all kinds of money.<br \/>\n38:17<br \/>\nIf you already have a product and you\u2019re not selling it, get a press kit. Send it to radio stations like, do, like 100 a month.<br \/>\n38:24<br \/>\nIt will blow up.<br \/>\n38:26<br \/>\nYou can now get on Facebook like this.<br \/>\n38:28<br \/>\nLet\u2019s say I need to promote something and I\u2019m gonna do it on Facebook terms like this, Facebook.<br \/>\n38:33<br \/>\nI would not use Facebook, by the way, for social networking, I don\u2019t do any of that.<br \/>\n38:37<br \/>\nThey\u2019ll never find me on Facebook, But I wouldn\u2019t mind having an agent does marketing for me. Create a Facebook account for that purpose because I would use it for advertising Because, really, that\u2019s what Facebook is all about.<br \/>\n38:47<br \/>\nIt\u2019s about marketing, will check this out.<br \/>\n38:49<br \/>\nFacebook ads, these people create a Facebook ad.<br \/>\n38:53<br \/>\nIt\u2019s funny that you sign up.<br \/>\n38:55<br \/>\nAll right.<br \/>\n38:58<br \/>\nAnd, then, you could pay someone to place the ad, You could pay someone to place 30 ads for you all over the internet.<br \/>\n39:08<br \/>\nYou name it, there\u2019s all kinds of platforms I\u2019m not going to go into, You can find as you start looking.<br \/>\n39:12<br \/>\nSo you see how this goes, This is endless.<br \/>\n39:14<br \/>\nI mean, we could talk for days on this subject non-stop. There\u2019s all kinds of ways to make money. All kinds of tools out there at your fingertips. use your creativity.<br \/>\n39:23<br \/>\nUm, let me show you a couple more suppliers, like fiber dot com.<br \/>\n39:27<br \/>\nLet\u2019s see, there is, Oh, here we go, OK.<br \/>\n39:33<br \/>\nMmm hmm.<br \/>\n39:34<br \/>\nHere we go, OK. Just to Wow!<br \/>\n39:36<br \/>\nThere\u2019s 12 of these offhand, but let\u2019s look at this one.<br \/>\n39:41<br \/>\nHere\u2019s indeed dot com, again, same thing like fiber dot com.<br \/>\n39:49<br \/>\n\u2026<br \/>\n39:50<br \/>\njust needs to, um, Part-time warehouse.<br \/>\n39:58<br \/>\nThere\u2019s all kinds of so, OK, \u2026 dot com is more about hiring people. So just just keep that in mind. It\u2019s not like I\u2019m going to do some all the time on the internet, although you could, but it\u2019s just a tool.<br \/>\n40:08<br \/>\nThere\u2019s another one to. Let\u2019s see.<br \/>\n40:12<br \/>\nYeah.<br \/>\n40:15<br \/>\nOh, here\u2019s another one.<br \/>\n40:17<br \/>\nUp work.<br \/>\n40:19<br \/>\nI\u2019ve never used a port that I remember, maybe a long time ago, but I use fiber all the time.<br \/>\n40:25<br \/>\nPepsi: People do stuff for you. Design and create a website, somebody can write stuff for you. You can have someone edit your book for you. Someone can market your material a product.<br \/>\n40:36<br \/>\nSomeone can engineer something if you have an idea for a house, or a bridge, or a walkway.<br \/>\n40:41<br \/>\nYou can have someone design it. You can have a draftsman.<br \/>\n40:44<br \/>\nDo this for you, an architect, somebody.<br \/>\n40:47<br \/>\nAll right?<br \/>\n40:47<br \/>\nYou can have someone answer your phone like here at customer service, and tech support.<br \/>\n40:53<br \/>\nYou see?<br \/>\n40:55<br \/>\nThere\u2019s something else, too, I want to show, share with you.<br \/>\n40:59<br \/>\nWatch this.<br \/>\n41:01<br \/>\nAccounting India, people in India have services that cater to US clients.<br \/>\n41:08<br \/>\nPeople in North America, they\u2019ll do your accounting, They\u2019ll do customer service, All kinds of stuff. Tech support, I\u2019m sure you already know that.<br \/>\n41:16<br \/>\nBut it\u2019s very affordable and easy to find, and there they are very, um, well versed in English and even the tax laws here, of course.<br \/>\n41:29<br \/>\nOnline accountant.<br \/>\n41:34<br \/>\nSo, Accounting in India.<br \/>\n41:38<br \/>\nAnyways, if you need accounting for a business, and you want some anonymity, you can.<br \/>\n41:42<br \/>\nYou don\u2019t have to go to India, but I\u2019m just saying, India is a pretty good tool.<br \/>\n41:47<br \/>\nCheck it out.<br \/>\n41:48<br \/>\nAll right. They have very good standards.<br \/>\n41:51<br \/>\nIf you want that for your business, I would just recommend checking it out.<br \/>\n41:55<br \/>\nLike I said, you know, indeed, Upwork and Fiber. These are great ways to outsource little details that need to get done. You don\u2019t have to spend all your time, like learning how to program a website.<br \/>\n42:05<br \/>\nI used to do that way back in the nineties until I got a little bit smarter, and you can outsource everything. You can produce commercials, then use your press kit to air the commercial. I mean, there\u2019s all kinds of ways.<br \/>\n42:18<br \/>\nIf you develop some kind of budget, you can have fiber to produce a commercial and then find the airtime to publish or commercial.<br \/>\n42:33<br \/>\nSo I think that\u2019s good for now.<br \/>\n42:34<br \/>\nI don\u2019t want to go too far into this, but you get the idea, It could be a lot of fun. Think of it, at first is maybe a hobby, something fun, you should always be fun.<br \/>\n42:42<br \/>\nIt shouldn\u2019t be like, oh, my gosh.<br \/>\n42:44<br \/>\nI have to do this work and it\u2019s, it\u2019s drudgery.<br \/>\n42:49<br \/>\nAnd I hope that it can make money someday. It\u2019ll be so difficult. It should be fun.<br \/>\n42:56<br \/>\nSo we don\u2019t need all this stuff.<br \/>\n42:58<br \/>\nSo maybe someday you\u2019ll start seeing this date for sale everywhere. I don\u2019t know if I want to do that, or maybe you might want to sell it or steal my idea.<br \/>\n43:07<br \/>\nI don\u2019t know that I could stop you, because I don\u2019t have any rights over this logo.<br \/>\n43:12<br \/>\nAnyways, we can get into all that stuff, too.<br \/>\n43:13<br \/>\nI mean, I can show you how to bring on equity partners to licensing agreements, And it\u2019s not hard to learn that stuff. But in the very beginning, you just want to be able to identify a market, a product that appeals, or should appeal to that market, and a way to supply that market in a way that you can handle it.<br \/>\n43:30<br \/>\nDecide how if it\u2019s a product, you\u2019re gonna drop, ship it, or you\u2019re gonna have it, you know, you\u2019re gonna do it yourself, Or how that\u2019s going to work? How are you going to manage that function?<br \/>\n43:41<br \/>\nCJ?<br \/>\n43:43<br \/>\nWell, I\u2019m going to edit for now. I think this is giving you lots of information to check out.<br \/>\n43:49<br \/>\nAll right, See you in the next episode.<br \/>\n43:53<br \/>\nI know I\u2019m gonna do the next second video of this, It\u2019s gonna be in a series.<br \/>\n43:58<br \/>\nSo, Hope this helps.<\/p>\n        <\/div>\r\n    <\/div>\r\n\r\n    \r\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-693c8ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"693c8ae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1fc0b7e\" data-id=\"1fc0b7e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4392ea6 elementor-widget elementor-widget-spacer\" data-id=\"4392ea6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b4b048 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b4b048\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-df239f9\" data-id=\"df239f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa356c9 elementor-widget elementor-widget-text-editor\" data-id=\"aa356c9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Summary<\/strong><\/p><p>1. John Jay shares strategies for beginners to create new cash flows in a series of videos and interviews with entrepreneurs.<br \/>2. Jay promotes the idea of creating online businesses instead of traditional investments, such as buying a house, arguing that an owned house is not an investment unless it generates income.<br \/>3. He suggests visiting a business broker, specifically xchange marketplace dot com, where one can buy existing online businesses.<br \/>4. Jay points out the difference in profit margins between online and traditional brick-and-mortar businesses, suggesting online businesses are more profitable due to lower operating costs.<br \/>5. He provides guidance on evaluating potential business deals, including considering the net income and asking for detailed information from the broker.<br \/>6. In the second part, Jay highlights the importance of diversifying income sources and shares his recent findings on how to generate around $2000 per month without a second job.<br \/>7. He discusses using online brokers, such as exchange marketplace dot com and website closers, to purchase businesses that are mostly operated online.<br \/>8. Jay shares an example of how he sourced products from Alibaba, such as snakeskin hats and polo shirts, to sell online, indicating the potential to earn a few thousand dollars per month.<br \/>9. He further explores niche markets using 3D printing, suggesting Shapeways as a platform where one can sell 3D printed products.<br \/>10. Jay also mentions the possibility of borrowing cash against precious metals to invest in businesses and recommends Amazon and Etsy as potential platforms to start or buy a business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-029961b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"029961b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9469aa4\" data-id=\"9469aa4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>U11 \u2013 How to Create New Cash Flow for Beginners \u2014 Part I of II &#038; Part II of II<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[124],"tags":[],"_links":{"self":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11584"}],"collection":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/comments?post=11584"}],"version-history":[{"count":6,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11584\/revisions"}],"predecessor-version":[{"id":25200,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11584\/revisions\/25200"}],"wp:attachment":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/media?parent=11584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/categories?post=11584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/tags?post=11584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}