Is it really possible? Well if you have to ask then maybe it's not. Just kidding. But of course I am sure we all know that it is definitely possible in the world of business.
Obviously all you have to do is spend $25 on a product and just keep selling them until you get to $1K. Fairly simple to understand but how easy is it to really do?
Well let's just take the challenge and actually do it. But how? Follow some consistent daily steps to accomplish your goal and to meet that challenge. Here are some suggestions:
(1) Set up a group funding, co-operative funding or self-funding system to fund or finance your venture or small business. Use a system based on generating financing or fundraising for any small business, non profit foundation, favorite cause, charity, media personality or media program (Don't worry we will fully explain this 'media' thing in detail later) of your choosing.
(2) Set up a marketing system that you can work and automate on a daily or at least a weekly consistent basis. It won't be a set it and forget it system. This is a real business just like a restaurant or barber shop or a landscaping business. Some of your tools will probably be automated in any business. But Oprah and Donald Trump and Bill Gates show up for work everyday just like barbers, shop keepers and restaurant owners. If you show up for work everyday or at least on a regular weekly schedule and work your marketing system if it was properly set up then it will work the way it was designed to work. No more or no less.
(3) Set up your niche product and niche customer service delivery system.
(4) Set up a minimum of a daily to a weekly pay structure for the funding system that you have set up.
(5) At some point you will need to begin transitioning your focus from fundraising to customer service for your niche product, business, industry or customers. This needs to be done much sooner than later.
Now those are the simple bare bones basics and principles to what we call "The $1K Challenge".
The concept or principle is fairly simple to learn and understand and to implement but if you go deeper into it then the implications and applications can become complex or complicated. It really depends on how far the individual wants to take it.
It is all based on the simple concepts of Group Economics, Co-operative Economics, Joint Venture Partnerships, Joint Venture Marketing, Co-operative Marketing and Team Building.
So what does all of this really mean? Simple. Let's use some simple math right quick.
Suppose you want to open up a restaurant or maybe a gas station or convenience store in your local neighborhood or community to provide a few jobs for a few people. Fine. Let's use this scenario as an example.
Suppose you need about $10K in start up funds to start the ball rolling and get everything up and running. How could you raise the funds? There are the usual traditional routes to take which are definitely some great options but let's take a more non traditional and creative approach.
What's
$10K divided by 5 people? $2K each right? OK. Let's suppose in a brief
example that to open up a restaurant it will take a $10K investment. Let's set a deadline of about 90 days to raise the funds.
With
5 people in a Group Economics Joint Venture Partnership type of arrangement at $2K each and $700 monthly times 5
partners equals $3500 monthly. In three months then there is your $10K.
$700 monthly is about $175 weekly which would be the equivalent of money
from a part time McDonald's job. In 3 months the group would have the
$10K investment.
Make sense? Well this is just the
beginning and only scratches the surface of the possibilities and the
unlimited potential of this powerful concept.
There are a million ways this simple concept can be used and applied but there can only be a limited amount of slots or positions available in a profitable partnership type of arrangement. It will lose it's effectiveness and profit margin with thousands and thousands of partners or millions of participants.
The suggested size should be no more than 5 or 10 partners invested in one venture. 50 people owning one gas station would be miniscule for each individual because the splits would be too small for so many people. Even 10 is a bit too large but if the investment is huge then the load is easier and faster with more people.
As profits come in then each member can have the option of buying the other member's shares. For example 10 people owning one convenience store can be bought out by 5 of the partners. Now they have enough capital to repeat the process with another store in another location in another neighborhood across town. If 5 becomes too much then it could be bought out by a 2 or 3 member partnership and open up another location.
So as you can see the potential is enormous and the possibilities are legion. But this by necessity has to be limited in size. The time is now to get in on this and take advantage of the opportunities wide open and available right now. At some point the focus will have to transition to niche customer service and not small business start ups.
Slots, positions and opportunities are available right now. If anyone is interested in applying or in getting more information then go here.
Obviously all you have to do is spend $25 on a product and just keep selling them until you get to $1K. Fairly simple to understand but how easy is it to really do?
Well let's just take the challenge and actually do it. But how? Follow some consistent daily steps to accomplish your goal and to meet that challenge. Here are some suggestions:
(1) Set up a group funding, co-operative funding or self-funding system to fund or finance your venture or small business. Use a system based on generating financing or fundraising for any small business, non profit foundation, favorite cause, charity, media personality or media program (Don't worry we will fully explain this 'media' thing in detail later) of your choosing.
(2) Set up a marketing system that you can work and automate on a daily or at least a weekly consistent basis. It won't be a set it and forget it system. This is a real business just like a restaurant or barber shop or a landscaping business. Some of your tools will probably be automated in any business. But Oprah and Donald Trump and Bill Gates show up for work everyday just like barbers, shop keepers and restaurant owners. If you show up for work everyday or at least on a regular weekly schedule and work your marketing system if it was properly set up then it will work the way it was designed to work. No more or no less.
(3) Set up your niche product and niche customer service delivery system.
(4) Set up a minimum of a daily to a weekly pay structure for the funding system that you have set up.
(5) At some point you will need to begin transitioning your focus from fundraising to customer service for your niche product, business, industry or customers. This needs to be done much sooner than later.
Now those are the simple bare bones basics and principles to what we call "The $1K Challenge".
The concept or principle is fairly simple to learn and understand and to implement but if you go deeper into it then the implications and applications can become complex or complicated. It really depends on how far the individual wants to take it.
It is all based on the simple concepts of Group Economics, Co-operative Economics, Joint Venture Partnerships, Joint Venture Marketing, Co-operative Marketing and Team Building.
So what does all of this really mean? Simple. Let's use some simple math right quick.
Suppose you want to open up a restaurant or maybe a gas station or convenience store in your local neighborhood or community to provide a few jobs for a few people. Fine. Let's use this scenario as an example.
Suppose you need about $10K in start up funds to start the ball rolling and get everything up and running. How could you raise the funds? There are the usual traditional routes to take which are definitely some great options but let's take a more non traditional and creative approach.
There are a million ways this simple concept can be used and applied but there can only be a limited amount of slots or positions available in a profitable partnership type of arrangement. It will lose it's effectiveness and profit margin with thousands and thousands of partners or millions of participants.
The suggested size should be no more than 5 or 10 partners invested in one venture. 50 people owning one gas station would be miniscule for each individual because the splits would be too small for so many people. Even 10 is a bit too large but if the investment is huge then the load is easier and faster with more people.
As profits come in then each member can have the option of buying the other member's shares. For example 10 people owning one convenience store can be bought out by 5 of the partners. Now they have enough capital to repeat the process with another store in another location in another neighborhood across town. If 5 becomes too much then it could be bought out by a 2 or 3 member partnership and open up another location.
So as you can see the potential is enormous and the possibilities are legion. But this by necessity has to be limited in size. The time is now to get in on this and take advantage of the opportunities wide open and available right now. At some point the focus will have to transition to niche customer service and not small business start ups.
Slots, positions and opportunities are available right now. If anyone is interested in applying or in getting more information then go here.
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