31 Step Success Building Starting with a PENNY
...

DAY # 285 : When One Idea Does not Work, Re-Tool and Start Again, Until the Objective is Reached!

UPDATE:
Monday, 03-Apr-2006 5:57 PM

Today did not get started well at all. First my pc refused to start. At first I had some graphics and after a minute that too was gone. Just last week I was upbeat about Windows and how well things were going on the pc end of things. That did not last two long.


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Another dream...

Another dream


Legal Note: I am not a Financial Advisor, Lawyer or Accountant. If you are going to do this on your own seek professional help when you need it. Through this site, my BLOG, I am simply sharing my thoughts, goals, and showing what I am doing. Collectively "INFORMATION" that you can read to follow along. Otherwise, go here...

-- My Broadcast Blog --

My workstation has a RAID setup that has real-time back up of all files. In fact, if one HD crashes or 'dies' I can use the other one and nothing will be missed. However, today I had to point in the bios to reestablish the RAID and boot. That worked. And then I found out that the compute does not like two of the four memory modules. I have had the pc running with 2 gigs of memory for two years. It can take a total of 8 gigs or RAM. But, now I have to figure out why two of the modules failed. What a waste of time. Well, I should look at the bright side. I didn't lose my day, and here I am at the end of it, writing away.

NOW ON TO WHAT I WORKED ON:

My idea a while back was to do this >> to greatly increase cash flow in the company and help reach our 100,000 sales mark this year. It is a lofty goal, but one that given the right marketing expose can and will be attained

Well I found out some interesting things on the way to getting it working:

When I setup this originally the idea was to sell 40 corporations that raised around $200,000 in sales. However, when trying to sell them I ran into this 'snag'.

1> First the sales leads were too expensive. It took around $1,000 to have a good pool of leads to work with. At that rate it would take around $1200 to $1400 to make a sale that on the average would bring in a $3,000 sale.

2> The employee expense and sales bonuses were even more of a problem. By the end the cost of sales were too much to sustain the operation. I then killed it.

NOW ON to PLAN "B":

Plan "B" is to setup what I did in a few minutes. You can see what I mean by using the above link. The idea was to present the BUSINESS CREDIT BUILDING package as a "DYI" (do it yourself) product. In this role the company will not make the "grand cash-flow" goals that were our first vision, but then again, neither will we endure the costs of lead generation per sale that were going to be around $1,200 per sale. Lastly, we will not accumulate the employee time that would have gone into it. We are not in the sales business where time is spent calling, connecting and spending a lot of time answering questions, and then following up. Our staff is mainly focused on building the applications. I'd like to keep it that way for a while.

UPDATE: Monday, 03-Apr-2006 8:25 PM

So, what's next? Getting the word out about the product to the contacts who have had an interest in getting a BCB product. I hope that without much "personal 'hand-holding' and marketing time" we can move the 100 accounts that I have put into the sales mix.

I suppose I have learned a lesson in all this, which extends back to the time that I spent around $10,000 getting a similar product around 3 years ago. At that time many things were promised and never delivered. I think that was the sales part of it where the person work on the sales would say anything to get the money collected. In our case we could not do that. We have too much at stake to say the wrong thing and then not being able to deliver. Furthermore, I think that selling a product anything over $1,000 is very difficult on the Internet. And a product such as the business credit building one is looked at with a lot of skepticism

My objective now is to use the 'product' that is created in the process to add a lot of advertising exposure to Maxsimo.NET. That is what all this is about. Getting the product existence out there.

This entire exercise was to create a situation where there were dozens of Maxsimo.NET accounts that were spending a lot of money on advertising. From my calculations, here was what I was looking at: My aim was to create about 40 accounts that yielded around $100,000 for advertising. At this point, I think I can accomplish the same with the new promotional idea. In this case, I hope that around 80 accounts will take the initiative to advertise and that will result in the same exposure that I was seeking, but without it being our own expense and time.

Ok, a long day that started with pc problems, but in the end, all was resolved. Carpe Diem, Sam.

UPDATE: 2008-09-08 05:13:45:UTC+00:00
------------Business Success Wisdom for the Day:

Text file with business success tips at p31.com It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. - Charles Darwin

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BACK to DAY 284 | TODAY is DAY 285 | NEXT is DAY 286

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Below are links to my thoughts, comments, actions, results and a BLOG as I take ONE PENNY (USD$0.01) and double it thirty one times utilizing a 31-STEP Success Plan™ in an effort to build the PENNY to USD $10,737,418.24:

STEP 01: $0.01
STEP 02: $0.02
STEP 03: $0.04
STEP 04: $0.08
STEP 05: $0.16
STEP 06: $0.32
STEP 07: $0.64
STEP 08: $1.28
STEP 09: $2.56
STEP 10: $5.12
STEP 11: $10.24
STEP 12: $20.48
STEP 13: $40.96
STEP 14: $81.92
STEP 15: $163.84
STEP 16: $327.68
STEP 17: $655.36
STEP 18: $1,310.72
STEP 19: $2,621.44
STEP 20: $5,242.88
STEP 21: $10,485.76
STEP 22: $20,971.52
STEP 23: $41,943.04
STEP 24: $83,886.08
STEP 25: $167,772.16
STEP 26: $335,544.32
STEP 27: $671,088.64
STEP 28: $1,342,177.28
STEP 29: $2,684,354.56
STEP 30: $5,368,709.12
STEP 31: $10,737,418.24

 

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