How To Make A Million Dollars Profit In 5 Years Or Less
Idioma: inglés
Editorial: AuthorHouse, 2010
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- Título
- How To Make A Million Dollars Profit In 5 Years Or Less
- Autor
- Keith, Profit
- Editorial
- AuthorHouse
- Año de publicación
- 2010
- Estado
- New
- Encuadernación
- Encuadernación de tapa blanda
- Idioma
- inglés
- ISBN 10
- 1449091598
- ISBN 13
- 9781449091590
How To Make A Million Dollars Profit In 5 Years Or Less.
Entrepreneurship is the easiest way to become rich.
In this book it will show and explain many ways on How To Make A Million Dollars Profit In 5 Years Or Less. In ways like Business Interests,Brokering and how to build a business and a customer base also shows how this knowledge will apply to some common businesses and how to make a million dollars profit in them common businesses in 5 years. These are some of the common businesses used in the book for teaching. :Lawn Mowing/Lawn Care, Barber Shop/Beauty Salon, Hand Car Wash, Cellular Phone Sales/ Broker, Manicurist/ Nail Technician, Used Car Dealer
After you read this knowledge of Profit Keith you would not believe it is that easy to become a millionaire and make a million dollars profit in 5 years in this book you will learn how.
The knowledge in this book will apply to most businesses that sell a product or have a service and a lot of common businesses can be started with less than $10,000.
This book will show and explain to you how to succeed in a business and at your work place .By learning how to build a business and a customer base, after reading this book the only way you don't become rich if you apply this knowledge ,you don't want to be rich. All you need to do is Read, Learn, And Apply The Knowledge.
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How To Make A Million Dollars Profit In 5 Years Or Less
EntrepreneurshipBy PROFIT KEITHAuthorHouse
Copyright © 2010 Profit KeithAll right reserved.
ISBN: 978-1-4490-9159-0
Contents
Introduction..................................................................................................viiThe Basics....................................................................................................1Think It, Plan It, Start It, and Grow It......................................................................3A Job vs. A Business..........................................................................................7The Basics Of Making A Million Dollars Profit In 5 Years Or Less..............................................13Here Is Some Of The Averages You Will Have To Meet............................................................21How To Make A Million Dollars Profit In 5 Years Or Less.......................................................23The Basics Of Making A Million Dollars In 5 Years With Workers Averaging $20 A Day Profit.....................31How To Take $1,000 And Turn It Into $1,000,000 In 3 Years or Less.............................................35Florist And Flower Sales......................................................................................41Lawn Mowing/Lawn Care Service.................................................................................43Barber Shop/Beauty Salon......................................................................................47Hand Car Wash.................................................................................................51Cellular Phone Sales/Broker...................................................................................55Manicurist/Nail Technician....................................................................................57Used Car Dealer...............................................................................................61
Chapter One
The BasicsThe thing is do you really want to be rich. There are hundreds of businesses and thousands of products and services you can sale or have to become rich.
Now making a million dollars profit in 5 years, might not make you a millionaire. Making a million dollars profit, and having $400,000 of that million. You are not a millionaire you must manage your money. But with the common sense I explain to you in my writings and examples. If you are for real and apply this knowledge to your business. You should make a million dollars profit in less than 5 years.
To make money you must have people spend their money with you "customers." One key element how can a person spend their money with you. If they don't know about your business and the products and services that you have. Now if your prices are the same as others why would a person spend their money with you.
Convenience; with out that most likely a person will not come out of their way to spend money with you.
Some ways to combat that:
A good location, have multiple locations, have delivery service, have cheaper prices and advertise them.
Because if you have a product that a person can get at a closer location. Sometimes lower prices will not get customers. But having a close location that is convenient, but delivering a product or service to them at work or at home is a convenience.
That will get you customers if you advertise you will have a one -two punch. A location and the convenience to bring a product or service to them.
A lot of the basics and knowledge you will read is not taught in 85% of the colleges and universities in the country.
The hardest way to make a million dollars profit in 5 years. Is to spend 2 years building a business and customer base. Then averaging around $914 a day profit for 3 years or 1095 days.
And one of the easiest way is to spend two years building you up to 50 locations or vendors to average you $20 a day profit or $140 a week profit each. Or 35 locations or vendors averaging $40 a day profit which is $280 a week from each.
Chapter Two
Think It, Plan It, Start It, and Grow ItThink it;
Do you really want to be rich and put in the work to get a business started and stabilize . Then you should think of what you want to do. And the business that you are interested in going into. And do you have the capital needed to start that business. And can you make a lot of money at that business.
Plan it;
Research how others became rich and the businesses that they had. See if some of successful businesses or products are needed in your area. Or what products or services are needed in your area for ideals on what business to start.
Some times making a product or service more convenient to people will make you a lot of money.
Start it;
You can not get rich unless you start it. Doing things that it takes for you to succeed in a business. Your biggest obstacle is getting the business started. Once you get to doing that business, in time it becomes a part of your daily life and gets easy. Then you can start receiving the rewards of success from your business
Grow it;
Once you get started you must expand your business and build a bigger customer base to do that.
*Advertise how can a person spend money with you if they don't know about you
*Convenience to the customer like good locations and delivery
*More locations because if you have one location and don't deliver. The only way you can make money if a person comes to that location and spend their money there. Locations near high populated, high traffic areas, and business areas will help you make money but convenience is the key.
Why at work most people don't have long for their lunch break. So a close location and if they can get products like, food and beverages delivered or vendors that come around their work place. They will spend a lot of money with you.
A lot of people think like this you can have a cheaper price on some products. But if they got to walk far or drive miles to get it. A .25 cent to $1.00 cheaper on prices. Like on a pop or bottled water. People will go to the closest place at work. Or use a vending machine .50 cent to .75 cent don't make a lot of different to a working person. Or .15 cent to .25 cent on some chips, because they want it and it is close.
I have seen services like windshield repair services come to a persons job and repair their windshield. This is a growing service because I see it a lot now.
Most people gets to work on time not real early at most jobs. So they don't have time to stop at a store to pick up beverages and snacks. Some people go shopping on their pay day or on the weekends. And brings beverages and snacks from home to work to save money. But a lot runs out or don't buy enough to last.
So you can have a product or service available. At the same or cheaper price than the store. And at a cheaper price than a vending machine. Because if it is available and convenient for that person they will buy it, if they want something.
There are two main types of products to sale;
One type of product is once a person buy it, they will not need another one soon.
The other product is something that a person can consume or will need several times a week, or daily like food or beverages.
You must research for products and services that you can make a good profit off of. Some times if you sell a lot of some products the profit per unit is not big. But a lot of them sold adds up to big bucks.
Chapter Three
A Job vs. A BusinessThe easiest way to make money in the United States Of America is to get a job. A lot of people go to college every year to get a better education. So that they can get a better paying job in a career field.
A persons main expense is getting to that job. And as long as a person keeps working, every one or two weeks depending on their pay cycle a person will receive a profit or pay for their labor.
People start businesses now to make more money than on a job. Some get rich and some fail, but if you do succeed in a business you can have great rewards.
People start and put businesses together to produce a product, or provide a service for people in this country and other countries.
America use to produce most of the products used in America and shipped products to other countries.
With so many countries offering a lot cheaper labor to produce products that are used in the United States. A lot of products are made in other countries now. But it is a big business selling products and providing services to people in the United States. The United States Of America is the most spending country in the world.
99% of the work force is the workers and 1% is the business owners and the people that put businesses together. Now without that 1% how many jobs would there be in the United States Of America.
Now if you had a $25 an hour job working 40 hours a week for 50 weeks out of the year. That is 2000 work hours and your gross pay would be $50,000 a year.
Now if you worked for 10 years at that average, your gross pay would be $500,000 for 10 years of work. Then things that are taken out of your pay like taxes, insurance, saving plans (401ks, stock shares, and others).
So in most cases a persons bring home pay in them 10 years would be less than $400,000. Now with living expenses how much do you think a person would have left to save.
Now with a business a person got to invest some money. And it might take a lot of time to even get a business started. So you are starting in the hole, and some times it might even take two years before you even see a profit in some businesses. But if you don't have a lot of capital you should not even think about going into a business like that.
There are a lot of businesses that a person can go into that they can make a good profit in the first year without investing a lot of money.
Some people succeed and some fail but the rewards are great if a person succeed at a business.
A person can spend 1 year building a business and a customer base. Then it is not hard for a business to make an average of $300 a day profit.
So $300 x 365 days is $109,500 a year.
Now an example;
Can you pay off a $300,000 home and have $100,000 cash in the bank in 10 years with a job paying you $25 an hour.
Remember you got taxes and living expenses coming out of that gross pay of $50,000 a year, or $500,000 gross pay for 10 years. How much do you think you would have left. That $25 an hour job, I don't think you can pay off that $300,000 home, and have $100,000 in the bank cash.
Now with that business making $300 a day profit and $109,500 profit a year. With that year it took to build that business you have 9 years left out of that 10 years.
$109,500 a year x 9 years is $985,500 in profits
And it is a lot more than that $500,000 gross pay with a $25 an hour job for 10 years.
So for that 9 years with a business averaging $300 a day profit. $985,500 - $400,000 is $585,500 left over after the $300,000. To pay off the home and that $100,000 cash in the bank.
So you see what a $25 an hour job gross pay is for 50 weeks a year. And the rewards of wealth that can be made with a business averaging $300 a day profit. That is why a lot of people think about and want to start their own business.
Now you will learn in this book how to succeed in most businesses that sell a product or have a service. And learn the basics on how to make a million dollars profit in 5 years in most businesses.
This knowledge can be useful to you at work too. It can help you move up at your job or company. Because you will have some knowledge, that can improve most businesses and help them make more money. You will know how to help build that business and help build a customer base for that business.
You can never have too much knowledge, but putting this knowledge to use can make you very rich and successful.
Now you are getting ready to read some of my writings on the basics of how to succeed in a business. It shows and explain how to build a business and a customer base. That can be applied to most businesses that sell a product or have a service
Chapter Four
The Basics Of Making A Million Dollars Profit In 5 Years Or LessPeople work and make their money. And got to spend a lot of their money on the basics; food, beverages, clothing, shelter, and transportation. And with what is left they even save or spend it on something.
You can have a business that sells some of the basics, or other businesses that they spend money on. The thing is there are thousands of products and hundreds of businesses that apply to the basics. You must get a product that a person might want. If a person don't know about the products that you sell how can they buy them.
Example;
A lot of stores go out of business. It is like this if a person don't walk or ride by your store or business how would a person even know that it is even there.
They don't know what products the store or business sell. They must advertise their business and products that they sell. To the people that do and don't walk or ride by. Small business is a big business these days, you don't need a store. People got home businesses and corner spots. And a lot of small businesses can started with as little as $1,000. The more you have to start with the better. You can start advertising bigger and quicker.
To become rich you must want to be rich it is not easy. But it is not hard once you know how. You got to do a little research to see what a person might buy and learn about the business you are going into.
You must advertise the products that you have that is the key. They got trade magazines and web sites for imported products, or a product that is already out.
For example;
You can spend the first 2 years building a business and customer base. Sometimes it takes work and the next 3 years averaging around $915 a day profit. That should take you over a million dollars profit in them 5 years.
Remember you got to want to be rich and save and manage your profits in them 5 years. Most people that have learn these basics made a million dollars profit in 3 years.
Sometimes it might take a 5 to 7 year plan.
2 years to build a business and customer base and 5 years averaging $550 a day profit that is $200,000 a year profit.
These basics will apply to almost any business that sell a product or have a service. To make money you got to have customers to spend their money with you, advertise your business and products.
For example;
You can have 10 businesses, locations, or people to sell them products
$50 x 10 is $500 a day, now $550 a day is $200,000 a year.
It is not hard to become rich ,and a lot of people get a joy doing a task to make their bosses rich. And is paying you for your labor doing their work. Most small businesses take 5 employees or less to make you $550 a day or more profit.
Now you are saying what business should I have or products do I sell. This writing will apply to most businesses, this is the basic common sense of business.
For example;
Beverages-bottled water is a $46 billion a year business. Now how much of them sells can you get $100,000, $200,000, or maybe $1,000,000 worth of them sells in a year. You don't even have to bottle it yourself. You are helping sale for the bottler. You can get orders and sell directly to the customer, at a cheaper price than the stores, the stores got overhead.
You can take 2 years learning a business and perfecting your business skills and customer base then collect your million dollars in 3 years.
I am just showing and telling you the basics. It sounds too easy to be true. But you see all the big homes and people driving in cars costing over $100,000 and a lot of them know the basics ,It is taught down the line but kept secret.
You will make a million dollars profit in 5 years. If you save and manage your money you will be a millionaire.
Example;
The question is can you make $50 a day profit off a business or business interest? Well you got to want to be rich and put in a little work.
In 6 months to a year you can get at least 20 to 50 business interests.
Example-20 businesses at $50 a day profit for you.
$50 x 20 businesses is $1,000 a day that is $365,000 a year.
Now $50 a day is a low average, but I am showing and explaining the basics to you. If you are for real and want to be rich, this should be easy for you to understand.
Even if it takes you 2 years to get 20 businesses or interests you will be a millionaire in less than 5 years.
The biggest basic things that people mainly spend their money on; food, beverage, clothing, shelter, and transportation. A person must have some of them basics to live. There are thousands of products and hundreds of businesses that apply to them basics.
I am writing about things that most people don't think about. The ones that know about it and do it are millionaires. Now you can have one business that you can make yourself a millionaire in 5 years, I am just making it easy for you.
You must advertise your business. A person can not spend money with you. If they don't know about your business right. The more people that spend their money with you the more money you make.
Other than the basic stuff people got to spend some money on, what is left they save it or spend it on something. There are so many things that people spend that other on in America you just got to research.
Build yourself knowledge in a business or products that can be sold. There are new and old products that can be sold. You can even help sell a product for a business or company and make a commission . You don't even have to touch a product to make money.
Some businesses will ship it for you to the customer or business. You are helping that business or company get sales and make money. You can start a small entrepreneur business with as little as $1,000.
Example;
If you got a job making $8 an hour. How much are making your boss off your labor in that hour. If you was not making your boss a profit they would do the work their self. Or go out of business because they are not making no money and is loosing money.
So $8 x 8 hours is $64 a day that employee is getting paid for their labor ,don't you want to be the boss?
That $64 a day that the employee is getting paid. That employee should make their boss at least $75 profit a day.
I am using small amounts to teach you how much money can be made with very small businesses and business interests. Most businesses should make at least $100 profit or more on average a day.
If you work hard and advertise your business and manage your money. Most likely you should make a million dollars profit in 3 years and be a millionaire.
(Continues...)
Excerpted from How To Make A Million Dollars Profit In 5 Years Or Lessby PROFIT KEITH Copyright © 2010 by Profit Keith. Excerpted by permission.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
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