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Do You Invest Online Profits Into Offline Business?

by Tom Addams
13 replies
I would be very interested to know if you redirect a portion of your online profits into offline ventures. I'm considering a few options right now and I'd like to perhaps get further ideas from you clever souls. A million years ago (almost literally) I began a successful offline venture with gumball machines. You know those 7-foot tall, obnoxious, flashing, beeping monstrosities? These days, older and wiser, I'm looking into less obnoxious avenues; one of which being the obvious property rental market.

Anyway - over to you.
#business #invest #offline #online #profits
  • Profile picture of the author Alexa Smith
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    I do; yes.

    I have some rental property in another country, where - I hope - I bought upmarket real estate at "the bottom of the market" before prices turned the corner. Even with the crash, and the financial disaster, and the slump in real estate prices, I'm taking the view that as a long-term investment, quality property in good locations, that you can easily rent out, is still going to do well.

    I think you're right to look at investing in income-producing assets (and I think even your gumball-machine investments were rightly aimed in that direction, anyway?).

    .
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    • Profile picture of the author Tom Addams
      Thanks for the information, Alexa.

      A decade and a half ago, gumball machines were a sound little business model in UK. Outside of major cities - London, Liverpool, Manchester - they represented something unseen by most people. Securing positions outside of ASDA, Tesco, etc, was the way to go. I imagine you'd still do well nowadays if you selected the right area. Vending, as you probably already know, is primarily about location and having something new. Too must hassle for me, though. Would rather sit on my butt here!!

      Originally Posted by Alexa Smith View Post

      I do; yes.

      I have some rental property in another country, where - I hope - I bought upmarket real estate at "the bottom of the market" before prices turned the corner. Even with the crash, and the financial disaster, and the slump in real estate prices, I'm taking the view that as a long-term investment, quality property in good locations, that you can easily rent out, is still going to do well.

      I think you're right to look at investing in income-producing assets (and I think even your gumball-machine investments were rightly aimed in that direction, anyway?).

      .
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  • Profile picture of the author Brent Stangel
    ne of which being the obvious property rental market.
    I've had some experience, the only problem (really) is the people and the stupid stuff they do with your property. In this area, storage facilities (for boats, RVs and personal belongings, etc) are very lucrative. Also far less chance for people to do their thing.

    I personally bought wilderness and wind turbines.
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    • Profile picture of the author Tom Addams
      Originally Posted by Brent Stangel View Post

      I've had some experience, the only problem (really) is the people and the stupid stuff they do with your property. In this area, storage facilities (for boats, RVs and personal belongings, etc) are very lucrative. Also far less chance for people to do their thing.

      I personally bought wilderness and wind turbines.
      Now I really like these ideas. Thanks, Brent. You've given me some direction here to look into local markets. Very much appreciated.
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      • Profile picture of the author discrat
        I know some people look at investing and more specifically Trading as an Offline business.

        I definitely do both. And I think everyone should consider investing in Securities and also Property as Alexa pointed out.

        I bought a Condo as an investment back in 2006 in downtown Nashville but it went South with the Housing flop in 2007 ad 2008.

        Timing sure does matter in Property investment and also Security investments as well
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        • Profile picture of the author myob
          As a contrarian investor, I have always invested regularly in distressed real estate property and during downward spikes in the stock market. The 2008 market crash and following years of "financial disaster" were some of the best times for like-minded opportunists. Expect and be prepared for more of the same opportunities in coming years.
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          • Profile picture of the author Tom Addams
            Originally Posted by myob View Post

            As a contrarian investor, I have always invested regularly in distressed real estate property and during downward spikes in the stock market. The 2008 market crash and following years of "financial disaster" were some of the best times for like-minded opportunists. Expect and be prepared for more of the same opportunities in coming years.
            This is excellent advice, and brings back some great memories. I remember being given a book on contrarian investing when I was 15. I found it so fascinating - and powerful - it's one of the things that spurred me on to university. Big, blood-coloured book; great memories. Anyway, rambling over.

            Thank you!
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            • Profile picture of the author gjabiz
              Originally Posted by Get Rich Methods View Post

              This is excellent advice, and brings back some great memories. I remember being given a book on contrarian investing when I was 15. I found it so fascinating - and powerful - it's one of the things that spurred me on to university. Big, blood-coloured book; great memories. Anyway, rambling over.

              Thank you!
              Real estate: hard to find, but, right of ways, mineral rights.

              Easier to find, acquire and flip. Distressed Chattel.

              Personal property which has to be sold quickly. A boat underwater (financially speaking) luxury RV's, Rolex watches at one end...

              Going out of business finds, big ticket items, corporate chattel. Like a Earth mover, back hoe.

              Distressed Chattel. Easy to find, acquire and flip.

              gjabiz
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              • Profile picture of the author Tom Addams
                Originally Posted by gjabiz View Post

                Real estate: hard to find, but, right of ways, mineral rights.

                Easier to find, acquire and flip. Distressed Chattel.

                Personal property which has to be sold quickly. A boat underwater (financially speaking) luxury RV's, Rolex watches at one end...

                Going out of business finds, big ticket items, corporate chattel. Like a Earth mover, back hoe.

                Distressed Chattel. Easy to find, acquire and flip.

                gjabiz
                Apologies for taking so long to reply, gjabiz. For some reason, I didn't catch your reply right away.

                You give some great advice here and I'm going to do some research this evening with a view to implementing some ideas that you've given me. Thank you!
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  • Profile picture of the author ChrisBa
    Originally Posted by Get Rich Methods View Post

    I would be very interested to know if you redirect a portion of your online profits into offline ventures. I'm considering a few options right now and I'd like to perhaps get further ideas from you clever souls. A million years ago (almost literally) I began a successful offline venture with gumball machines. You know those 7-foot tall, obnoxious, flashing, beeping monstrosities? These days, older and wiser, I'm looking into less obnoxious avenues; one of which being the obvious property rental market.

    Anyway - over to you.
    Yes, I like to diversify. Probably more than most people. For me I always want to make sure that if one stream (even if it's a large stream) of my income dies I have others I can rely on.
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    • Profile picture of the author Tom Addams
      Originally Posted by ChrisBa View Post

      Yes, I like to diversify. Probably more than most people. For me I always want to make sure that if one stream (even if it's a large stream) of my income dies I have others I can rely on.
      You and I are kindred spirits in this regard. Aside from the fun of setting up and managing new systems, my old economics professor would hunt me down and gut me if I put all my eggs in the one basket. So, yes - totally agree!
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  • Profile picture of the author Randall Magwood
    My answer is NO! Lol. I had the worst experience trying to market offline in the past. I just couldn't make it work. Plus it was a hassle since i'm super lazy. I suck at offline marketing. Good thing i know about computers. Otherwise i'd be a movie star......lol
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    • Profile picture of the author Tom Addams
      Originally Posted by Randall Magwood View Post

      My answer is NO! Lol. I had the worst experience trying to market online in the past. I just couldn't make it work. Plus it was a hassle since i'm super lazy. I suck at offline marketing. Good thing i know about computers. Otherwise i'd be a movie star......lol
      Haha.. you should be both!

      I read a lot of your posts around WF. If anyone can do well offline, it would be someone like you. Trick, in your case maybe, is to integrate online and offline. Having said that . . . sounds more fun to be a movie star!
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