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Highly Recommended *
$28,000 "Chunker" Profit
"I
went out and bought 2 properties. I purchased a "chunker" for
$35,000 and put in about 12K. It is now estimated at $75,000
(That's a profit of $28,000).
My
next "chunker" I bought with hard cash and in the
process of rehabbing and I should make over $25,000!"
Gary
Nicholson
Atlanta, GA
Real
estate investing gives you the chance to make a constant stream
of $20,000 to $50,000 paychecks. But you'll only end up frustrated
and tired if you don't put systems in place to do the time-consuming,
hard work for you.
Listen
in as Dave Lindahl reveals his "Chunker Strategy" for
saving time and overcoming obstacles so you can start seeing
your own big paydays.
"I
love the word entrepreneur."
-Henry
Kravis
Making
Big Money as an Importer/Exporter
Before
starting his import business, Brad Fallon ran a small software
company. He was interested in branching out into Internet sales,
but wasn't sure if the products he wanted to sell would be
profitable. Then a programmer from China tipped him off to
the biggest success secret he'd ever heard: Brad could get
the products he wanted at bargain prices ... from China.
Without
having to pay the steeper prices charged by U.S. wholesalers,
Brad could widen his profit margins. And he did.
Brad
launched a company in 2004 that sells wedding favors online.
He imports his products from Chinese manufacturers at the lowest
cost in the world. Then he sells them at substantial markups.
In
2005, Brad's company had sales just shy of $3 million - giving
him a net profit of about $600,000.
Brad
is not the only one making money by importing inexpensive products
and reselling them on the Internet. In fact, there's a website
devoted to helping entrepreneurs do just that: Alibaba.com.
Alibaba.com.is
the world's largest marketplace for global trade and the leading
provider of online marketing services for importers and exporters.
It is the place for buyers and sellers to find trade opportunities
and promote their businesses online. Alibaba.com is an online
business platform (rather than a trading company) where you
can search for or post information to find potential business
partners.
Here
are some of the ways Alibaba.com helps entrepreneurs:
-
Sellers
(or exporters) can post their company information and include
product photos (together with descriptions, specifications,
shipping terms, etc.) on Alibaba.com to attract buyers.
The
best part about Alibaba.com is that it enables entrepreneurs
to break into the import/export market quickly and easily.
Members gain instant access to trade leads, contacts, and credit
background information of companies and manufacturers.
Let's
say you saw an opportunity to sell water purifiers (a hot market,
by the way) on your own website or on eBay.
First,
you would search for companies that manufacture, export, and/or
supply various water purifier devices. (You can find more than
1,383 such selling leads posted to Alibaba.com.)
Next,
you'd contact one or all of those companies for more information
or a price quote.
Armed
with this information, you could calculate your profit margin
(the difference between the wholesale cost plus shipping and
the retail sale price online). Then all you have to do is choose
which manufacturer or supplier will give you the best product
for the lowest price.
Voila!
Instant profits.
While
Brad Fallon made big bucks by buying deeply discounted products
and reselling them online, you can also generate huge profits
by selling those products to the wholesale market.
Li
Ji Cun, for instance, started the Yantai Kaiyuan Metals & Machinery
Co. Ltd. in 1996 to manufacture and export fire-fighting equipment
(and other industrial products).
In
2003, Li heard about Alibaba.com and started using the trading
platform. Li concluded that there were three main types of
customers he could meet through the website: people new to
his industry; people active in his industry but who have had
bad experiences with suppliers; and wholesalers looking to
buy directly from factories.
Li's
company quickly attracted two buyers: one from South America,
the other from Europe. At first, they communicated through
the Internet. Then came factory visits, resulting in hundreds
of thousands of dollars in annual orders.
And
Li's company expects to export $4 million in goods this year.
There
are thousands of categories and hundreds of products within
each category - to import and resell or to sell to the wholesale
market.
China,
India, Thailand, Croatia, Brazil, and Russia are importing
products from the U.S., Canada, Europe, and South America at
record levels. In fact, imports to China from the U.S. increased
by more than 28 percent in 2005, according to the Commerce
Department.
Today's
Action Plan: The demand for products in developing countries
has never been greater - and the trend is growing at a phenomenal
rate. It's a good time to investigate the opportunities that
exist in the import/export markets. Importing products at
deep discounts and selling them on the Internet - or to the
wholesale market - are two simple ways to break into this
business.
[Ed.
Note: Marc Charles is the editor of ETR's Profit
Center Dispatch service. Every week, he reports
on a business opportunity like the one you just read. He tells
you how to get started, where to find your products, and who
to market to. He also includes insider tips to accelerate your
success.
If
you're interested in starting your own Internet import business,
you'll want to check out our brand-new program: The China Wholesale
Secrets System. Click
here, and we'll let you order this business-building
system the day before it's officially released.]
* Highly
Recommended *
Get
People To Send You Their Money!
Like
it or not, money is important in our society. You need to take
wealth seriously for your spouse and your children. When you
set up a profit generating program and make it a part of your
life everything else will improve...
You
owe it to yourself to look into this opportunity.
-
Will Bonner
Italian
Sales Secrets, Part 4: 3 Masterful Techniques
By
Yanik Silver
Italian
waiters are masterful salesmen. Here are three sales techniques
I noted at a few of the restaurants my wife and I went to on
our recent trip to Italy - techniques that you might be able
to apply to your business:
1.
Use the Assumptive Close
During
one of my favorite meals in Florence, the waiter used the "assumptive
close" while taking our order. This is a sales technique
that assumes you already intend to buy something. For instance,
I asked for a recommendation on appetizers, and he mentioned
that a mushroom and tomato dish was excellent. Then he started
writing and talking at the same time, "One mushroom
and tomato for the lady, and one for the gentleman."
He
went on like that with the pastas and entrees, assuming we'd
have two of everything. (He happened to be wrong, but I'm
sure the restaurant does a whole lot more business as a result.)
2.
Proclaim to Be the Best
After
the meal, the show continued. When describing the dessert
menu, he said, "We have the world's best cheesecake
and Europe's number one chocolate cake."
Who
gave the restaurant those honors? I'm sure no one. They just
say it. But how could we pass up a chance to eat the world's
best cheesecake? My wife and I did split a piece and it really
was delicious.
3.
Provide an Extraordinary Experience
In
Venice, it's the experience and not the food that takes center
stage. In Saint Mark's Square, we sat down at an outdoor
cafe and had a glass of wine, while listening to a band playing
classical Italian music. We sipped our drinks and watched
people mill about. The bill? A jaw-dropping $45. We were
charged for music and bread in addition to the outrageous
cost of our beverages. But it was okay - because we realized
that it was the experience we were paying for and not the
drinks.
[Ed.
Note: Yanik Silver will be revealing one of the most profitable "hidden" Internet
income opportunities around in the Secrets
of Easy Internet Money teleconference series.]
Weight-Loss
Diets: Dealing With the Contradictions
By
Al Sears, MD
Yesterday,
I pointed out that when it comes to dietary fat, it's the type of
fat that matters. When I explain that to students in my nutrition
class, someone usually asks, "You mean like the South
Beach Diet. Right?"
Well,
some basic themes of the South Beach Diet appeal to my anthropological
slant toward restoring our native diet - themes like the value
of low-carb foods and the danger of low-fat diets. Yet, I have
three big problems with it:
1.
The South Beach Diet Labels Some of the Worst Carbs "Good"
While
following a low-carb diet is healthy, avoiding carbs altogether
is difficult and unnecessary. The carbs you find in vegetables
are far better for you than the carbs you find in grain products.
But Dr. Agatston (creator of the South Beach Diet) is misguided
when he says that whole-grain bread is a "good" carb.
Far from it. Bread in general will pack on the pounds. Not
a good idea for weight loss.
2.
It Recommends Substituting Aspartame for Sugar
Once
inside your body, aspartame breaks down into poisonous by-products,
including formaldehyde. We know that formaldehyde causes cancer.
The soda industry claims that the small quantity of formaldehyde
created is not high enough to cause problems - but just how
much carcinogenic embalming fluid do you want in your body?
Especially in light of the recent Italian study which found
that every diet soda consumed increases the risk of cancer.
3.
It Gives Confusing Advice on Trans-Fats
Dr.
Agatston warns that trans-fats are dangerous. But later says
that French fries are healthier than baked potatoes because
of "the fat they're cooked in." Where he got that
idea, I'll never know. Almost all commercially available French
fries are cooked in unhealthy oils, many containing trans-fat.
I've
seen this same pattern of contradiction with most diets. Studies
conflict. Our knowledge is incomplete. Theories change. Our
track record has not been great. I have come to believe that
the most reliable goal in dietary modifications is simply to
restore your native diet.
This
native diet is described in detail in my book The
Doctor's Heart Cure: Beyond the Modern Myths of Diet and Exercise.
And even if you don't have heart disease, you should be following
it. Once you find the sources, it's easy to do. You eat a diet
rich in fat and protein (grass-fed red meats, wild Alaskan
seafood, and free-range eggs and poultry). You substitute vegetables
for bread and pasta. And you feel more satisfied while reaching
and maintaining your ideal bodyweight.
[Ed.
Note: Dr. Sears, a practicing physician, is a leading authority
on longevity, physical fitness, and heart health.]
Notes
from Michael Masterson's Journal: Charity and Motivation
Wednesday,
July 26: A journalist, interviewing me for Automatic
Wealth for Grads, characterized me as a
motivational writer. I took offense, because I think of myself
as more than that. Motivational speakers pump you up, but
they don't teach you anything. At least that's a common view
of them. I know things: how to start and grow businesses,
how to sell products, how to accumulate wealth. I teach people
what I know. Doesn't that qualify me as something more than
a mere motivator?
Thursday,
July 27: I've been thinking about the charity I give.
Every year, I give away tens of thousands of dollars (often
more) to people who need help. Almost always, they are people
I know and care about, because I feel my money is better
invested in them than in some anonymous organization. I don't
get a tax credit for private giving, but I do get the satisfaction
of seeing my money at work.
I'd
like to say that my way of giving has been entirely successful,
but it hasn't been. At least half of the people/businesses
I've given money to have frittered it away and ended up as
bad off as they were in the first place. If I had to guess,
I'd say my record of "success" is about 50 percent.
That's probably as good as it gets, however you go.
Friday,
July 28: I have been doing more thinking about charity
and motivation. Giving someone money seems more useful. And
it certainly is more impressive. Most people are happy to
give away their advice for free (and that's what it's usually
worth) but are reluctant to give away money. I've given both.
Which is better?
If
I speak to 100 people, I may motivate 50 - and those 50 may
go on to change their lives. If I give money to 100 people,
most of them will be no better off a year later.
Charity,
as a temporary gift, can be helpful. But as a long-term thing,
it can be destructive. Motivation makes people stronger, not
weaker. You don't give them money but the desire to get the
money they need on their own. And then they can make as much
of it as they need.
-
Michael Masterson
[Ed
Note: What are your thoughts on charity and motivation? E-mail
us at ReaderFeedback@gmail.com.
Include your name and hometown, and we may print your comments
in an upcoming issue of ETR.]
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Word
to the Wise: Persiflage
"Persiflage" (PUR-suh-flahzh)
- from the French for "to banter" - is a frivolous
way of talking about or treating a subject.
Example
(as used by Rosemary
Mahoney in A Likely Story: "He was
somber and wordless and utterly unresponsive to my mother's
charming persiflage."
