May 15, 2008
Sitting Idle Or Making Money
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A few days after arriving at my parents place, they decided they were selling the house I grew up in and moving. So I've been doing a bit of moving. My parents have already bought their retirement home and we need (my Mom thinks we need to, I have a different perspective on the matter) to move the stuff from one house to the other. Of course, the other house is 1/2 the size and already furnished but there's a 1,700 square foot garage/shop so we should have lots of room for the stuff my mom can't part with yet.
The only problem is my brother has over 100 candy machines taking up most of the room in the shop.
That's 100 'project' that could be making money, sitting there not. The kicker is: he had to take out a loan to buy them. Not only is he not making money on them, he's losing money on them.
I have a problem with flitting from one project to another, but his failure to complete this project dumbfounds me. I'm pretty confident my wife and I could make enough to live on with the number of machines he has and he has even lower expenses than we do. What a wasted opportunity.
Projects you have sitting in your 'garage' do not make you money. Whether it's a new DVD or a software project or just a screencast, you need to complete it. Terry Dean recommends to finish any project within 30 days of starting it. I concur and the shorter the timespan the better. I recommend in my Develop Custom Software Yourself - Even If You Have No Prior Experience Developing Software guide to limit the time for a project to something that will put pressure on whomever is doing it. That includes you even if you aren't developing software!
So pull out some of those half completed projects, put them on the front burner and get them finished. Release them into the wild and start making money sooner rather than never.
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Filed under Internet Business, Product by Steven Lohrenz






