I've mentioned things like this before, but I'm really keen on systemising my work so that it can be repeated daily, and possibly be repeated by someone other than myself (i.e. a Virtual Assistant).
Here are some of the things I'd put into the system:
1) An hour's worth of comping every day. (Small profits - estimate £10 per week on average - but huge potential returns every now and again).
2) Write a letter to all the national papers. There is ways to hide the fact that you are sending the same letter to all the papers (other than BCC). Once tyou get in the swing of things this would take literally 5 mins a day (Small profits - estimate £10 per week).
3) Ebay - if I could get Ebay right then this would be a big part of "The System". The way I see it, you'd go online every morning to see what sold between £30 and £120 (Tim Ferris pricing) in the previous day. Using Aliexpress you'd then search for Gold Suppliers (very important - see previous posts) who will dropship such items for you at a profitable level. You then list. If the item sells, then you note and continue selling that item again the next day. If the the item doesn't sell, you go back to square one and try again. Eventually you will have a notebook full of items which will sell from time to time.
4) Amazon - I'm beginning to think that Amazon is the easiest Money Spinner of them all. Yet again I've went out and bought a joblot for pennies (I don't pay more than 5p per book), only to then see my investment paid back within days. If you lived in a property with a double garage, you could easily house 4000+ books - as many as a small shop. My recommendations would be to watch your weights, and to buy Non-Fiction. I'm sure I'll come back to these points in the future.
5) Betfair - I've fucked up Betfair at the moment, which has caused me a crisis in confidence this year so far. I must remember though that I am well up overall. As part of the system I'd suggest a daily "Guaranteed" profit bet. Of course, nothing is guaranteed, but everyday there is something akin to it available. For example, Arsenal 3-1 up at Blackpool with two mins to go. These sort of bets are 1/100 shots. The first rule of Betfair is to never lose money.
6) Martingale - I'm only throwing this after the success I've had in the last few days. Imagine you had a bank of £1000, and you were quite happy to grow that bank by £2/ 2% per day (which is a hell of a lot more than you'd get in the bank), you could easily manage this with a £2 martingale such as the ones I have been doing over the last couple of days. Let's imagine the worst happened: £2 loss, £4 loss, £8 loss, £16 loss, £32 loss, £64 loss, £128 loss, £256 loss - you'd need 8 losers on the trot to bust. Now if you sit at a roulette wheel long enough this will eventually happen. However if you are only sitting down for 10 minutes a day, and you walk away with your £2 profit every day, then you'd have to be a pretty unlucky chump to get stung. I know, I know, I know this doesn't make mathematical sense, but in reality it just works!
7) Shiply - One part of the system would have to be to get Shiply right. Every morning you'd place your bids, and then if you win any, you would orgainise them around anything else you may be doing. The trick to Shiply, I feel, is to get your route planning right so that your never driving an empty van. I've not made Shiply profitable as of yet - but it can be done, and it should be part of "The System".
More to come on this................
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