1 type of investment that DOESN'T work
Free can be expensive.
James here.
If you were offered a semi-truck load of Beanie Babies…
… at no cost…
Would you take them?
For a long time I would have said “Abso-FREAKIN-lutley!”
My deal maker brain would say:
“There must be something I can do with these!”
And there probably is, but…
There’s another factor that’s easy to forget.
…A factor, if overlooked…
…can suck our time, energy, and money…
…Even on a ‘doesn’t cost you anything’ investment.
What I call it the S+P Factor.
Speed + Profit.
There are 4 ways the S+P Factors play out.
You can have:
High Speed + High Profit (ex. AI offers right now)
High Speed + Low Profit (ex. Walmart and grocery stores)
Low Speed + High Profit (ex. Jewelry and Rolex)
…And one more.
You can probably guess what it is…
Low Speed + Low Profit
In my experience?
The top 3 can all be profitable.
But the bottom one…
(Low Speed + Low Profit)
Has been profitable, for me, ZERO percent of the time.
If I accepted the 18-wheeler full of Bean Babies?
I’d have a hard time finding people who want ANY of them
(Little lone all of them)
And they wouldn’t sell for very much.
(To other sellers or end customers)
Basically
They’d just sit.
Taking up energy trying to figure out how to unload these beanbags.
Tying up money and time that could be better invested somewhere else.
And potentially…
Messing with my identity as someone who can make sh** happen and figure out problems.
Maybe that’s just me?
Word of caution.
Next time you’re Building A Deal…
…Make sure to ask yourself…
“What are the potential S+P Factors of this deal”.
Might keep you from a Beanie Baby of a deal.
In your corner,
James Foster
PS - The Cap’n Obvious Way to 1k a Day is normally high on S+P Factors.