When you start investing it's important to be sure you know exactly what your expectations are. Before I get started I always make a detailed business plan. I include how much my initial investment will be, how large I expect my returns to be and when I expect to see those returns. I then break it down and list the ways I plan to accomplish these goals. This helps me to stay on track and to know instantly if I get off track so that I can make adjustments. Recently I wrote a business plan called How to Double My Money in Two Short Weeks.
The first thing I did was consider what my initial investment would be. I had 00 but decided to invest an even 00. I knew my goal was to double my money and to do it within 2 weeks. I then sat down and brainstormed all the ways I could think of to turn 00 into 00 in a matter of weeks.
I came up with several options, including buying and re-selling wholesale merchandise, advertising a service I could offer and creating customized gifts for people. In the end I decided that buying and re-selling wholesale merchandise was the best option for me. I then bought 00 worth of clothing and immediately listed it for sale online.
Within one week I'd made my money back and from then on out it was all profit. By the end of the 2nd week I'd been able to make 98, which was more than double my money. The key to my success was simply making a business plan and following it.
No comments:
Post a Comment