For over a year now my main business and now my job has been in sales. Going from business to business helping them to save money on things they already use.
I can tell you first hand that a lot of the people I deal with spent a lot of money to get their business started and will defiantly not be turning a $14K profit in two months, let alone two years.
Hell, I spent $40K putting equipment in my last location based business and it didn’t profit $14K.
So how does one make $14K in the first two months off a business that could be done from anywhere, in my case it could be done while you travel around the planet.
Well first off he knew his marketplace, second he saw an opportunity, third he did his research, and lastly he acted.
This in my findings, is not the order that everyone or even myself has done business. Some people don’t know the business and figure that it’ll just work itself out.
Some didn’t do the research, does your residential neighbourhood really need a kids clothing store?
Some never see the opportunity right in front of them. “Ohh my god the price per barrel of oil is dropping we’re all going to die!”
Some forever plan and never act.
Well my friend is in the oil in gas business. Namely he is in sales, tough market right now. However he saw something that I think most people in his field would overlook.
He knew that oil was falling apart, thou he also spends his days talking to people in the oil and gas industry and hears from them first hand how each and every sector he deals with is doing and if they are going to survive the ongoing oil crash or not.
Last night he took me to “Stock School” in the world of day trading and this is what he said.
If a company he’s working with says “yes, we’re doing good”, he looks up the history of the company and where it stands financially.
With any publicly traded company all of that information is available to anyone.
Next he looks for a huge spread in where the company used to have their stocks valued and where it has them valued today. If it’s a big enough gap, then he keeps and eye on them, as they are likely to rebound in the short and long haul.
Next he watches what’s going on in the world of oil. Kuwait oil workers strike, bamn the price of oil goes up and so do his oil stocks.
OPEC can’t make a deal on cutting overall production of oil in the world, booooooom the price of oil stocks slide.
And on and on.
Ok, great so your friend knows oil and gas big deal I know nothing.
Next up he shows me two full pages of stock listing of marijuana companies coming out of the USA on the back of there state by state legalization program. It’s basically the .COM boom all over again and A LOT of companies are going all in.
Ever wanted to be in the drug business and not risk jail time? Well now is your chance.
Next he looks and me and says “Don’t think to small or to local, just look at the Chipotle (CMG), restaurant chain in the USA. Currently the stock is at about $450, Woahhh that’s expensive! To put that into context a Facebook share is worth about $110 and Apple is about $105. Chipotle sells food in a technology world, personally I would have thought it to be worth a lot less.
Chipoltes stock was closer to $800 a share a few months ago before they had some kind of “food issue”.
Granted you could lose your ass, and many people do in the world of stocks and business. I lost a few grand a few years ago on what I thought was a sure bet. That being said I didn’t understand the market and didn’t do my own research.
However, in a world of possible jobs that could be done remotely, say just before you leave your hotel in Italy on the way to the beach, day trading can be started with little overhead and the ability to cash out when you are done or work when you want.
I’m personally going to be my own guinea pig and see if I can turn his side business into my side business.
You have or know anyone who has a side business that lets them travel or work from where they want? Let me know, the more of us that can work from the beach the better.