Remember the 2 Year Rule!  Continued.........

 

Yes, You just found that New Hot Item. You bought a few and started selling them out of your garage or at the local Flea Market and response was great. Now You’ve made a little Easy Money.

 

Now You start thinking. If I roll All My Profits back in, take a second mortgage on the house , get some premium retail space and keep expanding , soon I’ll be as Rich as Bill Gates. Sounds ‘good on paper’ but before You go crazy counting Your Future Millions , let Me tell You how I came up with the 2 Year Rule.

 

Over the Years I’ve been in on the Ground Floor of many New products and Business Opportunities. If You’re one of the first ones in and You have little or no competition and people want what You have, You can make a good profit and some serious money. For a while.

 The problem  is everyone in the world is looking for easy money and once people see You’re making money, they start to copy You. Unless You have an exclusive this always happens. Most often it does anyway. It may take longer but someone will try and knock off a Cheaper or Different version of what You’re selling.

 

 Point is, if someone is trying to sell the same exact thing You have they will drop their price below Yours to steal your sales.. If there is still money left someone else will come in and drop it again. Soon everyone’s scraping pennies, losing money, and / or the market is saturated.

 

When this happens , if You have reinvested all Your money in this one venture or even borrowed money to expand when it goes bad You’re in bad shape, if not bankrupt. On the street ,You usually have ,at max, a 2 Year window ( online it could  be much shorter) to make all You can, spread Your money into other things , or sell out while still profitable and get into something else , or retire.

 

A money making enterprise is worth something. A losing one isn’t worth much. Don’t over leverage yourself. Nothings future is 100% sure, Never invest 100% in anything. Many go broke this way , quick.