Showing posts with label failure breeds success. Show all posts
Showing posts with label failure breeds success. Show all posts

Sunday, July 28, 2013

Creating a Business Multiple Revenue Streams-30 Day and 45 Day Update

Well I haven't created the next Google or Nike, but I have doing well with my side hobby(can't call it a business just yet).  My goal if I didn't type it the computer("the files are in the computer", name that movie?)  was to sell 1K worth of items on eBay, i switched that about 2/3 of the way through to make 1K profit, because for all anyone knew I could be spending 4K but selling 1K worth of items, that's not very impressive.

Well Said Sir, Well Said
I am happy to report I failed!  Well not exactly, I did reach my original goal of 1K in sales, but it did take me and extra 5 days to reach the 1K mark.  I have had over 100 items listed in my store called GQ Casual , give it a look if you would like, pretty much all Men's Clothing.


I would love to say I bought some used clothes yesterday and threw them on eBay the next day and I made a killing.  I have been doing this off and on since college, mostly with new clothes in college and used clothes over the last couple years.  I used a lot of trial and error, research, and knowledge about brands, sports, and what guys like to wear(hint I don't buy skinny jeans).  It took me time to develop a template for the items and change things like adding logos, telling why I sell on eBay "the man fund", and I even used to wash and steam almost every item I had, crazy amount of time.

Headquarters, Beats Me
EBay is not for everyone, taking the pictures, finding the items, shipping, listing the items this all takes time, but I enjoy 90% of it(listing it, not so fun).  As of right now I know this can make me money, not quit my day job money, but enough to have some extra money on the side to be used for whatever I want, whether it's paying off debt, going to a comedy show, or buying something I like and want.  Only time will tell on what I plan to do with this stream of revenue, but I do know it's currently coming in and I'm happy doing it.


Is there a business or hobby on the side that you do that makes money?  Tell me more about it, I love to see comments.

Friday, March 19, 2010

Business Idea Friday #2

As I did last year the beginning of the NCAA tournament I become very lazy and watch basketball all day, I would like to think of it as tradition. Since I have not been doing alot I have been trying to work on some things on the computer.

• So I have turned my focus to basketball and the internet. I am big on making websites for up and coming basketball stars. Because there is so much to figure out about a player before he gets to college I believe during his first year you get a pretty good idea who is going to be a star.

• Business idea, retail merchandise throwback t shirts. The idea is to take where the player went to high school ie WORD OF GOD ACADEMY as the front of the shirt. The back of the shirt would say "WHERE IT ALL BEGAN" or something similar. Since I'm assuming you would not be able use the players name, you could not display it or you could promote a website ie jwallhoops.com

• Focus. One thing I have struggled with is focus on an idea. I will come up with 100 things and try to do a little bit of everyone and get know where. I am focusing on 2 or 3 ideas and seeing what works.

• How to Make it in America a show on HBO is a good watch. A line struck me and really hit home. It went something like this, “Everyone has ideas, but know one wants to put in the work”. Whatever idea you have stick with it, try it out, go until failure. Failure breeds success as long as you learn from it.