Podcast: Download (Duration: 1:37 — 1.6MB)
Get Notified Of Future Episodes Apple Podcasts | Google Podcasts | Spotify | Amazon Music | Android | Blubrry | Gaana | TuneIn | Deezer | Anghami | RSS | More
See more James Schramko videos here
Enjoy the advantages of an Internet business
Transcription:
Okay, so this is really important – cashflow. This is the whole point right? You want cashflow. This is one of my rules of a business, it has to be cashflow positive. I don’t know of a better way to make cashflow than these internet businesses. I don’t do shares and stocks. I don’t do properties in the real world. I just build businesses, because they create cash, they don’t need to be borrowed against, and they can actually be sold. You don’t even know how much they’re worth until someone offers to buy it from you.
Last month, someone offered me $400,000 for one of my businesses which was a $500 domain purchase. I took a middle-man business model that involved no work from me and it was generating $6,000 a month cashflow and I said, ‘No thanks’ and I rejigged the whole business because I could see that this is easily a million dollar business which I’d say this month, it is a million dollar business already. I’ve added $500,000 or $600,000 value to the business by making some small changes which are all contained in this mafia plan and that’s how powerful it is. This should be exciting to you. Is it exciting to you? Yes! Okay, good.
If you like this post, you may head on over to iTunes to rate it.
Leave a Reply