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FIB - Scams 101 - Ye Olde Archives
Posted By: Dennis Bevers <bassco2@bellsouth.net> In Response To: Food For Thought........ (Rooster)
Thursday, 10 March 2005, at 9:08 p.m.
> Consider this....
> If you run your own business YOU are the boss and you are responsible for
> every facet of the business operation...YOU must order or obtain whatever
> product you are selling AND maintain the inventory...YOU must sell the
> product by whatever means you chose...YOU must ship the product to your
> customers...YOU must offer your customers outstanding customer service or
> they will not buy from you again...
Here's my view Rooster,
You may find the right company to sell for where the product is stored elsewhere, imprinted by others, drop-shipped by UPS or FedEx, with the company admin people processing the order, credit, billing, sales tax collections and reports to 45 states, etc, so you can focus on the customers.
It works for me.
Selling 500+ orders per year (over 200 repeats per year) with $200,000+, I wouldn't want to be responsible for just the accts payable/accts receivables and sales taxes.
> All this requires MONEY, TIME and EFFORT...If you run your own business
> you must attend to it every day of every week of every month of every
> year...
That's why I prefer the OPM (Other People's Money) method of doind business. I'm not on the hook for the product cost, bad debts, etc. K & B has over 100 people involved in processing the $75+ Million orders written by their Independent Agents.
> How many of you are prepared to do this?...How many of you are QUALIFIED
> to do this?...
Qualified is one thing, but having the time AND discipline to carry all the administrative load is another issue. Or as they say, "The devil is in the detais", which accounts for at least a percentage of annual business failures.
> Are you SURE you want to be your own boss?...
Wouldn't have it any other way. After 18 years of BYOB, I'm probably unfit to be an employee.
> So you want to get away from your slave-driver boss and the 9 to 5 routine
> and be your own boss and work from your home...Sounds good doesn't it?...
It still sounds good to me. However, as witnessed by many of my late night postings, I don't do 9 to 5. Closer to 8 am to 4 am. I don't claim to work 20 hours, but, I'm never that far away from it. I'll walk away from a TV show to help an associate, answer email, research products, write quotes, or plan for the next day.
When possible, such as this weekend, I'll take the laptop along, checking email, watching and moderating on FIB and another forum, posting on as many as 6 different forums a day.
With 20 years in, I'm only a third of the way into my career, self-employed in advertising specialties, but's its my passion, not a JOB.
It definitely helps if you love your customers and what you do.
Dennis Bevers
Real work really works - At least for me!
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