How You Can Make One-Man Million Dollar A Year Business
There are a lot of ways to make a million dollars. Usually it requires hard work and dedication for years. This is exactly what Ein the #1 sales rep for promotion products did. The secret for his success is being extremely good at what you are doing and keeping your costs down by finding companies that outsource most of your work. In order to get to the point where you can outsource your business you have to be really good at what you do.
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Make the most of what you already know. When Ein was getting started, he picked a business in which he could use his natural gift for selling. In his late teens, Ein used the food money his parents left him while they were on vacation to buy a few Tickle Me Elmo dolls when the craze for them was in full swing and they were selling out. He brought the toys to a local mall and sold them to frantic shoppers who couldn’t find them in stores. “I was able to sell them for double and triple the cost,” he says.
Ein knew what he was good at and had a large enough contact list that he was able to quit his job, take his clients with him, and start his own business. There are only a few jobs where you are able to take your contact list with you and you have to keep in mind if you signed a non-compete agreement with your employer. Having an in demand skillset and knowing how to market that skillset can be the most satisfying way to become a millionaire.
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About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.