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My Amazon Store / My Alidropship Store Is Making Money - Should I Sell It?

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(This week is outsourcing week, as I have a few big announcements to make about some experiments I've
 

Would An Extra $1,000 A Month Help You?

March 26 · Issue #91 · View online
INVEST IN YOURSELF: Over $100,000 of courses. You only pay $50/month or $300/year for full access. https://www.tetmo.com/p/all/

(This week is outsourcing week, as I have a few big announcements to make about some experiments I’ve been running (these are especially useful if you have an Amazon Store!)

Me at NATO, in Mons, Belgium (SHAPE: Supreme Headquarters Allied Powers Europe)
My Amazon Store / My Alidropship Store Is Making Money - Should I Sell It?
As you start telling me about the wonderful profits from your stores, this is a question I get asked almost daily now. 
Now, I’ve seen this time and again.
Someone buys a nice little site or some sort of residual income stream.
Good so far, right?
The site makes, say, $1,000 a month.
So, what should you now do?
Sell the asset, of course, seems the logical answer. 
You might get $5,000 to $15,000 for it, depending on what it is, how little work you have to do and so forth.
Now they have the bills paid and maybe go on a bit of a spending spree, but no asset and no residual monthly income.
Of course now they have to do it all again – build an asset, tweak it and wind up having to sell it to pay bills.
Did you spot the mistake? 
It’s hard to miss.
If the owner had spent just enough time testing and tweaking…
…And then moved on and REPLICATED the process…
S/he would then have TWO assets each creating $1,000 a month in residual income.
Then rinse and repeat. 
Building one asset a month … well, that’s $6,000 a month in residual income after six months, along with assets totaling maybe $30,000  … or a lot more.
As you’ve already guessed, the point is that while you do want to test and tweak whatever it is that you’re doing online, you don’t want to make a career out of it.
Optimize it the best you can as quickly as you can, and then replicate the process and build another one, and then another one, and then another one…
In the above example, our store owner could have started selling one asset (product, store, etc.) per month after six months or a year, to again greatly increase their monthly income.
Do what you need to do, please, but don’t make a career out of making a few extra dollars while leaving piles of money on the table.
Tomorrow - Special
On Tuesday, I’ll be showing how to set up your own Design business - which includes outsourcing all of the work for about 50% profit.
The cost is less than $4/week - including a wonderful website - see mine at https://webdesignfromalunhill.com/
“A customer wants a new website for his business. You order a website through the workshop in the backend, and we handle the rest. We charge you $99 and you collect $399 directly from the client - You just made $300!”
So, you have no work to do, obviously, as we all love that sort of business!
Full details tomorrow!
Alun's Been Thinking
  • With great power comes a great electricity bill.
  • The three “E’s” in “Mercedes” are all pronounced differently.
  • My computer mouse must have traveled further than I have walked in my whole lifetime.
  • A security guard is the only person you’ll ever hire with the hope that they will never have to do anything.
  • Are skin burn classifications as first, second, and third degree saying you are rare, medium or well-done?
  • People born on 1st January 2000 can work out exactly how old they are extremely easily. It’s much harder for me.
  • When “fully immersive virtual reality using a treadmill” becomes a thing, hardcore gamers are going to suddenly change and become some of the fittest people on earth.

More on Tuesday - I’m off to the dentist (nothing to do with the silly teeth last week, I promise!).
Alun
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Alun Hill, Gumpendorfer Str 142, Vienna, Austria, 1060