If You Owed The Mob $10,000 AND They Were Coming For It Next Week, What Would You DO?

78 replies
Quick note: That post title was for Kevin the hamster king.

OK, a friend of mine is in this dilemma, he needs $10,000 (no, not the mob, close, house in foreclosure) in approx. 14-21 days and came to me for ideas. When I realized that he was serious, I thought about it and said that I would ask some friends in the know Here are my ideas:

1) Sell his car and computer. I don't think his are worth much, but it was worth a try.
2) Put everything he owns on eBay and try to sell it all.

Anyway, as far as IM ideas go, I thought real hard about this. First, he would have to process payments himself because of the short time frame. This means two important things: 1) He needs PayPal and 2) He needs a product of his own. OK, PayPal setup is no problem, I did that for him. The product was a different story. I am looking into PLR and will be re-writing it for him. I will then promote it via adwords and mass article distros.

So warriors, what would you do if the gun was to your head?

TomG.
#$10 #coming #mob #owed #week
  • Profile picture of the author Jose Delgado
    Screen for help before the mob shoots me!

    Offline he can organize some kind of car wash or make a BBQ and sell food to the people in the neighborhood.

    Or if he doesn't want to do that, he can always ask his family for help, in other words, ask to borrow money and then pay them back when he gets that report done and starts making money online with it.

    Hope that helped.
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    • Profile picture of the author Lance K
      If You Owed The Mob $10,000 AND They Were Coming For It Next Week, What Would You DO?
      I'd CTC.


      Cut The Check


      EDIT:

      Anyway, where your friend is concerned, what are the chances that someone going into foreclosure will take action on any of the advice shared anyway?
      Signature
      "You can have everything in life you want if you will just help enough other people get what they want."
      ~ Zig Ziglar
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      • Profile picture of the author Jason Moffatt
        Selling all his stuff probably isn't the wisest move either because next month he's going to face the same type of problems.

        The mortgage payment doesn't stop. Nor do the other bills.

        I'd suggest he get some real skills and hone his craft. Let the house foreclose, move into a cheap apartment, and plug away until he's got it down. If that don't work, get a real job.

        My point is, he got to this point for a reason. And even if he did get $10,000 all of the sudden, more then likely he'd be in the same scenario 3 months from now.

        I'd be focusing on how to build some sustainable skills, not just getting a quick 10 G's.

        However, if I were just trying to get a quick sum like that, I'd probably try to partner up with someone wealthy and make them a offer they couldn't possibly refuse and work my ass off for them.

        I'd construct an amazing letter and pass that thing out to about 30 successful entrepreneurs offering my services for a fraction of the cost over a long period of time.
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        • Profile picture of the author tommygadget
          Doug, nice, you're one smart cookie. Keep 'em coming, let's see how creative you guys are when the chips are down. Oh, did anyone notice the post's tags? Pretty funny stuff.

          TomG.
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          • Profile picture of the author Mraz
            Easy.

            Make it a sad story where people will feel damned if they don't donate. The act of humanity. Set up paypal donation. Post it in huge traffic forums, and etc. I know a shop who was scammed $16k, posted the story, setup paypal donation, and they're recouping the losses. Or make a 1 million dollar site.
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            • Profile picture of the author tommygadget
              Mraz, pretty good, but I want him to be able to keep his cashflow going so he does not land himself in this spot time after time. Points for original thinking, though!

              TomG.
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              • Profile picture of the author Lance K
                Originally Posted by tommygadget View Post

                Mraz, pretty good, but I want him to be able to keep his cashflow going so he does not land himself in this spot time after time. Points for original thinking, though!

                TomG.
                What does he do for a living now? What skills does he have? What is he good at?
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            • Profile picture of the author VegasVince
              JaMo is HALF right.

              And this dude in the OP definitely needs to figure out why he got his shit in a ringer...etc...

              But telling a chick whose "knocked up"--- to use a condom "next time"--- doesn't do her much good..NOW.

              I haven't owed the "Mob" 10K...because there's NO such thing as the Mafia of course.

              But years ago, I di owe a rather nasty, Italian bookmaker 11K....for real....with two weeks to pay...or pay another way.

              And to be honest I did what I had to do...by any means necessary...most of which I can't repeat here. But let's say Vinnie paid off his marker.

              I will agree with Jamo on this: this guy needs to dump the house. It aint his anyway...it's the banks. Always was. And this dude doesn't deserve a house...he can't afford anyway.

              If you want to spin this OP into IM and/or other legit ways to raise fast cash.....I would honestly say that the best option available for the deserate would be to offer down the road services for upfront cash.......so you can buy some time.

              But you better over deliver when the time comes to deliver....or you're gonna have a whole new set of problems.

              Cuz I have a feeling if you stiff some of these Warriors for services promised and not delivered...you'd be better off spending the evening with The reamining members of the Gambino Family. Capiche!


              xxx Vegas Vince
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              • Profile picture of the author DougBarger
                Originally Posted by VegasVince View Post

                JaMo is HALF right.

                And this dude in the OP definitely needs to figure out why he got his shit in a ringer...etc...

                But telling a chick whose "knocked up"--- to use a condom "next time"--- doesn't do her much good..NOW.

                I haven't owed the "Mob" 10K...because there's NO such thing as the Mafia of course.

                But years ago, I di owe a rather nasty, Italian bookmaker 11K....for real....with two weeks to pay...or pay another way.

                And to be honest I did what I had to do...by any means necessary...most of which I can't repeat here. But let's say Vinnie paid off his marker.

                I will agree with Jamo on this: this guy needs to dump the house. It aint his anyway...it's the banks. Always was. And this dude doesn't deserve a house...he can't afford anyway.

                If you want to spin this OP into IM and/or other legit ways to raise fast cash.....I would honestly say that the best option available for the deserate would be to offer down the road services for upfront cash.......so you can buy some time.

                But you better over deliver when the time comes to deliver....or you're gonna have a whole new set of problems.

                Cuz I have a feeling if you stiff some of these Warriors for services promised and not delivered...you'd be better off spending the evening with The reamining members of the Gambino Family. Capiche!


                xxx Vegas Vince

                Nice pic Vince. First time I've seen it.

                One way to capitalize of the foreclosure house would be to offer it to a...

                foreclosure investor.

                Depending on how much equity you have already built in, you could
                get some toward the 10 thousand if not pay it off.

                You may also be able to offer the foreclosure investor a lease purchase option where you'll be leasing it from him monthly keeping the option open
                to purchase it from him a couple of years down the road, once you're rid of the debt.

                You can call it a "new lease on life" so to speak. Lol.

                Pardon the pun if you will.
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              • Profile picture of the author lindajess
                Firstly, I would pee myself if I owed the mob any amount of money and were coming to get it. LOL

                But seriously, I've been in kind of that situation. The issue here is that you did all of this for him. See, the same thing happened to me, not the exact same but close enough for this to really hit home. The thing is, what has your friend learned from what you have done for him?

                The thing is, my boyfriend came to me and told me about this whole internet marketing thing. He asked if I would like to give it a try. I wanted to, however, I thought he was going to do all of the work for me. I was way wrong...He told me that if I wanted to change this whole money issue, that I would have to learn how to do this for myself. He would be there every step of the way, answer questions, show me different ways of doing certain things, but that I had to learn how to do this so that I would not end up in the same issues again and again.

                He taught me haw to do the things that I needed to do to survive and the funny thing about it was that I'm actually doing it for myself now. Yeah, he's always there if I need a helping hand. And yeah, he could have done everything for me, but he wanted to teach me a new skill, one in which I could use again and again, and possibly even quite my job and live quite happily for the rest of my life.

                I know this has nothing to do with what you asked, I'm just putting in my two cents...If you teach him to how to do this, he won't need your help the next time the bank trys to foreclose on his house because they won't be foreclosing because you will have taught him a new skill that he can use to help him out of binds like this.

                Does that make sense? It's the whole "not a hand out but a hand up" thing...
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                • Profile picture of the author VegasVince
                  You'se didn't hear this from me....but I'm guessing home boy doesn't have one penny of equity in this white elephant.

                  Sometimes a spark of flame from a coffee pot gone hay wire..... is a poor *******'s best friend.

                  Busting the joint out--- is always an option....assuming you're in tight with the local fire chief.


                  xxx Vegas Vince
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                  • Profile picture of the author Tovuti
                    Is there a particular topic that he knows well that he could use to launch a coaching program? He wouldn't even need to have much in the way of written material. If he could find some PLR on the subject and rewrite it into weekly lessons he could easily create a coaching program.

                    He'd just need to setup a sales page and offer coaching by email using an autoresponder for the lessons. Coaching programs charge a minimum of $200 per month so he'd just need 50 students and he'd have it covered.
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                    • Profile picture of the author AndrewCavanagh
                      His best chance of making that kind of money with internet marketing might be to sell some kind of service, book up multiple clients and get paid at least 50% in advance.

                      Be sure to give yourself plenty of time on your deadlines to complete each project.

                      Kindest regards,
                      Andrew Cavanagh
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                      • Profile picture of the author Jason Moffatt
                        I posted this in another thread that Pete had started, but thought I'd repurpose here. Here it is...

                        "One thing I noticed in that thread was the guy had lived in the house his entire life. Once I thought about that, my thinking shifted a wee bit.

                        That house may have history. His father may have built it. There are probably memories that only could be relived by drinking brewski's on the back porch. Obviously I'm speculating, but a house the you grew up in is worth much more then the sticker price.

                        And while I still stick by the advice I gave for most occasions, I don't want anyone to think that I'm opposed to coming up with a quick scheme to get the dude out of his situation.

                        The problems is...

                        Even with that perfect scheme (I love that word scheme, it just sounds cool), most people just can't execute. That's why they work in book stores, like that dude. They can be brilliant, artistic, and smarter then the average Joe, but for some reason just can't pull the trigger and get the job done in the real sales world.

                        And there's nothing wrong with that. Not everyone is cut out to be an entrepreneur, nor wants to be."
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                        • Profile picture of the author tommygadget
                          Yes Jason, Vince, everyone who is looking at the big picture, getting him out of hot water, especially by lending him the cash makes me part of the problem. He needs to truthfully assess his financial situation and create a plan to sustain his lifestyle. I was hoping that his troubles could turn into something of value for those who might be in a spot by creating a thread where we would hash out interesting ways of generating quick cash. Here are some ideas in the thread (no particular order):

                          1) Create an info product and sell it.
                          2) Find a hot info product and create a complementary product and market it to existing affiliates.
                          3) Run a WSO and sell services at a deep discount for cash up front.
                          4) Number 3 but not in WSO format.
                          5) Defective sparking coffee pot.
                          6) Sob story with PayPal button.

                          Well I hope I didn't miss any. C'mon people, pretend that you are in acting class. Here's the motivation: make cash or get head blown off... Hmm... pretty good motivator...

                          TomG.
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                          • Profile picture of the author VegasVince
                            Originally Posted by tommygadget View Post

                            Yes Jason, Vince, everyone who is looking at the big picture, getting him out of hot water, especially by lending him the cash makes me part of the problem. He needs to truthfully assess his financial situation and create a plan to sustain his lifestyle. I was hoping that his troubles could turn into something of value for those who might be in a spot by creating a thread where we would hash out interesting ways of generating quick cash. Here are some ideas in the thread (no particular order):

                            1) Create an info product and sell it.
                            2) Find a hot info product and create a complementary product and market it to existing affiliates.
                            3) Run a WSO and sell services at a deep discount for cash up front.
                            4) Number 3 but not in WSO format.
                            5) Defective sparking coffee pot.
                            6) Sob story with PayPal button.

                            Well I hope I didn't miss any. C'mon people, pretend that you are in acting class. Here's the motivation: make cash or get head blown off... Hmm... pretty good motivator...

                            TomG.

                            Based on the urgency....I'm still stickin' with my original number 5.

                            A vintage 1970's Mr. Coffee machine...with a frayed and battered chord.... purchased from the local thrift store...... will 9 times out of 10 ignite a spark that will take down a house faster then the Wall Street crash of the 20's. For real.

                            You asked. I told you.

                            This is the type of content rich information other marketers are afraid to share.


                            xxx Vegas Vince



                            xxx Vegas Vince
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                            • Profile picture of the author tommygadget
                              Originally Posted by VegasVince View Post

                              This is the type of content rich information other marketers are afraid to share.
                              Vince, you gotta update your sig. with that line, really, no joke!

                              TomG.
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                            • Profile picture of the author debra
                              You say he works in a bookstore and is very good at writing content.

                              He can create a series of products that teach how to effectively research any subject.

                              Do you realize the number of people that write content, or attempt to write content, that haven't even a clue as to how to coherently assemple that research into a decent work of lititure?(boy..that was a hell of a run on sentence)(and...were the hell is that damn spell check)

                              He can also hold workshops.

                              Just my off the top of my head and illiterate 2 cents :rolleyes:
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                              • Profile picture of the author VegasVince
                                Originally Posted by debra View Post

                                You say he works in a bookstore and is very good at writing content.

                                He can create a series of products that teach how to effectively research any subject.

                                Do you realize the number of people that write content, or attempt to write content, that haven't even a clue as to how to coherently assemple that research into a decent work of lititure?(boy..that was a hell of a run on sentence)(and...were the hell is that damn spell check)

                                He can also hold workshops.

                                Just my off the top of my head and illiterate 2 cents :rolleyes:


                                No offense, Deb. I know your heart is in the right place.

                                But if YOU needed 10K in a matter of days......would you attempt to raise the funds via teaching bookworms how to research?

                                Truth is, that market has been researching their entire lives...ever since they figured out they probably weren't going to get a date for the prom.

                                Sad but true.

                                Where's the money? Where's the fast money?

                                I'm afraid the OP's friend dies a horrible death via your plan. Sorry.

                                In fact...he'd have a better chance of hitting the Pick 6 lottery...and sleeping with Carmen Electra on the same night-----then paying off his house with some product teaching librarian types how to research the mating habits of the Ardvark. For real.


                                xxx Vegas Vince

                                Light the match, brother. Like the hot chick did in the ShowTime series...WEEDS. Now she's sellin' weed in Mexico and made it to seasn 2.


                                p.s. Mark...I'm colorful how??? Like a clown. Do I amuse you? How am I colorful!!!!!!!!
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                                • Profile picture of the author JasonKing
                                  The fastest way to $10,000... borrow it.

                                  Does he have an income?

                                  Loan him the money, spread payments over 5-30 years with a healthy chunk of interest.

                                  -JasonKing
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                                  • Profile picture of the author zerofill
                                    Originally Posted by JasonKing View Post

                                    The fastest way to $10,000... borrow it.

                                    Does he have an income?

                                    Loan him the money, spread payments over 5-30 years with a healthy chunk of interest.

                                    -JasonKing
                                    No one in their right mind is going to loan him money...except maybe the mafia lol
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                                    • Profile picture of the author Roy Carter
                                      The guy can write you say? Can he write an ad? How about he becomes the middle man and writes an ad offering his services to create websites for local businesses?

                                      He deals with the enquiries, takes 50% up front before starting the work, farms the work out to someone else, collects the balance when the site is ready and takes his cut. Minimal work. Nice profit.

                                      Or, tell him to look at this recent thread I posted here called

                                      http://www.warriorforum.com/main-int...ed=1#post38493

                                      Roy
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                                      • Profile picture of the author lakshaybehl
                                        Here's the best approach as far as I am concerned!

                                        1. Go to Master-Resale-Rights and buy a few products on IM! (I recommend ebooks)
                                        2. Read Through the books and which obviously MUST be on one particular area (such as Video Marketing and Viral Traffic)


                                        ....Day 2 starts....


                                        3. Implement those methods yourself and try to work out everything as wbest as possible (I would personally lok at the best channels on Youtube and then try to create my channel at par with those if not better)

                                        Day 3................

                                        4. Ask on WF or any forums related to the niche whenever you are stuck with something...

                                        Day 4

                                        5. Download Jing from jingproject.com and create a step-by-step video training series guiding right from the basics thriough the most advanced stuff.... remember this is just one strategy! I think 12-13 videos of 5 Minutes each would be absolutely fine! This will take no more than 5-7 hours

                                        6. Think of a a name for your product and get the domain and hosting. Also post your requirements for basic minisite graphics package on designoutpost.com

                                        Day 5...

                                        7. Get RAP Script to manage everything and install it!

                                        8. Read and swipe 10-12 different salesletters of the top products in your niche dealing with similar, but not the same information packaged as a product! Re-read them until you know the basic elements of the salesletters and the most common things that are being said!

                                        Day 6...

                                        9. Create your own salesletter... Here's how to start...
                                        A. Write down the benefits... these are not the features of the products.
                                        B. Brainstorm the USP (Your Own Story packaged as an event) and type it...
                                        C. Give the product complimentary to some people and get testimonials from them. Try to get their phtots and an audeio/ video from them as well!
                                        D. Put the three P's together... Pain, Process, Proof!
                                        E. Use the words "You" And "because" as often as you can in your sales copy!
                                        F. make it personal. Great sales people are great story tellers!
                                        G. get feedbacks from the copywriting forums of WF and other sites!
                                        H. make changes accordingly!

                                        Day 8. Do the leftovers!

                                        Day 9. Put together a WSO worth $27 offering the product to test the sales copy, get testimonials and get reviews about the product! While this might make you a few hundred dollars, maybe a thousand or more, you have much to do!

                                        Also start finding and looking for JV partners to promote your product for you!

                                        Day 10. Get the ministe designed and and up and running! Start selling the product for $47. You need to sell just 200 copies. Which means just 15000 unique visitors to your site! Which should be easy if you know how to use Web 2.0 to do that for you.

                                        The power of Myspace is awesome. I personally get nearly 1000 UV per day from Myspace so it is not only easy but also possible! But with multiple accoutns and right approach combined with automation it is possible to get 15000 UV in a week or so!

                                        Best of Luck!

                                        Lakshay
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                                • Profile picture of the author zerofill
                                  A newbie...coming on to the scene trying to raise 10k in less than a month with an info product....not going to happen heh.

                                  I'm with Vince on the coffee pot....

                                  Let me tell you something...If you find a way to bail him out he will no longer be a friend...he will be more like having a kid...He will always screw up and expect you to come up with a miracle to bail him out. Because obviously he hasn't ever crashed and burned before...I bet someone has bailed him out of several past issues. I bet in all those times not once were the consequences bad enough. How the hell else would you be 10k back on mortgage payments and not have been thinking of WTF to do 6 months ago?
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                            • Originally Posted by VegasVince View Post


                              You asked. I told you.

                              This is the type of content rich information other marketers are afraid to share.


                              xxx Vegas Vince



                              xxx Vegas Vince
                              Vince, you're a colorful guy. My vote for Warrior Post of the Month!!

                              Next time I'm in Vegas, expect some company. And I'll trade you some stories since I know you have some good ones. And you get a heads-up on the mob that their ain't with an insider's view from New Yawk.

                              Mark
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                              MY Expertise, YOUR Profit.
                              Read the thread.
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                          • Profile picture of the author Steve Garrett
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                            • Profile picture of the author Kay King
                              TomG - you've done a lot for your friend.

                              Daniel had a very good idea above. Asking your friend to work off the loan by doing some writing and other tasks for you could have multiple benefits.

                              He regains some self-respect rather than feeling like a charity case.

                              You get some outsourcing and free up time to increase your income - while he learns IM by doing. If he applies what he learns, he can also pay you back from his profits.

                              If he can make a little money on a regular basis he'll gain a better foundation than dreaming of fast, big bucks.

                              Could be a win-win.

                              kay
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                      • Profile picture of the author Popstar
                        Your friend needs to go to the bank BEFORE they send him another foreclosure notice and renegotiate the loan. These banks are hurting; they'll do it if you know how to present yourself.

                        Be sure to talk to someone with the power to help him, not customer service. But make sure he has a negotiation strategy; if you go in and wait to see what they offer you, you won't get the best deal.

                        That'll buy him some time to make the money he needs.

                        Realistically, it's hard to sell a house in most U.S. markets these days. Just because you put it up for sale doesn't mean it will sell.

                        Going to a foreclosure investor is just asking to be ripped off. They won't pay you what a house is worth. That's why they target foreclosed properties.

                        By the way, most of these "Stop Foreclosure" books don't know what the hell they're talking about. Find someone with some financial and negotiation knowledge and go save the house. It's not as hard as you think to renegotiate with more favorable terms.

                        One other alternative is to rent out part of the house and use that income to pay your mortgage. I'm not a fan of renting, but sometimes you gotta do what you gotta do.

                        Debbie
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                    • Profile picture of the author Andyhenry
                      Originally Posted by Sylvia Jaumann View Post

                      Is there a particular topic that he knows well that he could use to launch a coaching program? He wouldn't even need to have much in the way of written material. If he could find some PLR on the subject and rewrite it into weekly lessons he could easily create a coaching program.

                      He'd just need to setup a sales page and offer coaching by email using an autoresponder for the lessons. Coaching programs charge a minimum of $200 per month so he'd just need 50 students and he'd have it covered.

                      Sylvia

                      OMG - THAT's not coaching. How could anyone look another person in the eye after charging them for 'coaching' created like that?

                      This same subject was debated here about 4 years ago and got turned into a product.

                      Most of the advice in that product still applies.

                      Joe Kumar - 30 Days To Internet Marketing Success.

                      Joe was a newbie who came here asking questions and a group of warriors gave him answers and that's the product. Many warriors have rights to it so I'm sure someone can still dig it out.

                      Andy
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                      nothing to see here.

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            • Profile picture of the author dbh
              Originally Posted by Mraz View Post

              Easy.

              Make it a sad story where people will feel damned if they don't donate. The act of humanity. Set up paypal donation. Post it in huge traffic forums, and etc. I know a shop who was scammed $16k, posted the story, setup paypal donation, and they're recouping the losses. Or make a 1 million dollar site.
              All okay but don't use PayPal. Someone tried that after hurricane Katrina and in true form PayPal locked up the donation account :rolleyes:....

              - Darrell
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              • Profile picture of the author Kay King
                With the current number of foreclosures, it's not longer a sad story - just a daily occurrence.

                The fastest way to $10,000... borrow it.
                Well, in this case, that worked!

                I'd serious consider the coffee pot or a toaster or space heater or ......


                Seriously, if the person hasn't been out of work or had a medical crisis or something else that drained finances - he's doing something wrong in the first place to get into such a fix. If he doesn't change what he does, he'll only be in a crisis again in a few months.

                First he needs to try to renegotiate his mortgage - which more and more lenders seem willing to do right now - to lower the payments. THEN he needs to either get going online or get a second job. His problem isn't solved - he HAS to make payments on time going forward and needs to start now to make sure he can do that.

                It would be heartbreaking to lose a property that had been in your family for years and would be a hard blow to recover from emotionally.

                kay
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                • Profile picture of the author CDawson
                  Banned
                  Well it would indeed take alot of work but If I was your friend I would find some good PLR e-books and sell them on ebay for quick cash. (you would have to put the PLR products on a disk and mail them out but it should be all worth it if done correctly)
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                  • Profile picture of the author macchiavelli
                    If I owed the mob or any gang for that matter, any money I would start a auction on ebay where I would sell my life!!

                    I would call it:

                    Buy my life back from the mob! Only $10.000 needed!

                    Or I would whip up a donation website where I would post screenshots of the letters the mob sent me stating that they are going to kill me if I dont pay up.
                    I would then promote this website as a WSO(very compasionate people on this forum!) I would try to promote it on oprah.com

                    And I would try to promote it via article marketing heheheheh.

                    If im lucky, the next week I should have at least some cash to NOT have them kill me.
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                  • Profile picture of the author Mr.P
                    Banned
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                    • Profile picture of the author Steven Wagenheim
                      Vince, this thread clinched it. YOU are my favorite Warrior poster.

                      Before I'm breaking bread with the Earth worms, I gotta meet you someday.

                      Just make sure the mob isn't around when I come by.


                      As for the op's thread and my idea, I got nuthin.

                      I've made 10K in 3 weeks, but never in 7 days. And I've been doing this
                      for over 5 years. I just don't see it reasonably happening. Personally, I think
                      he's better off learning a hard lesson from this and getting his sh*t together.
                      I know that sounds cold, but if you keep bailing people out, they're just going
                      to keep repeating the same mistakes over and over.

                      Even I had to learn these lessons the hard way. I kept losing job after
                      job until finally I realized I couldn't work for the man and stopped tryinng
                      to. That's when I finally had some success in my life.
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                      • Profile picture of the author Roy Carter
                        Steven - until finally I realized I couldn't work for the man and stopped tryinng
                        to. That's when I finally had some success in my life.


                        Amen to that for sure!

                        I can totally relate to that sentiment. I used to work in senior management for a major corporation before deciding that I couldn't work any longer for the man either. Took a severe cut in income to start out on my own, but it was more than worth it (until I fell in a ruck through all the stress of running my own company that is!) - But that's another story

                        Roy
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                        • Profile picture of the author tommygadget
                          Whew! Go get some sleep and see what happens? OK, I already told you guys that I bailed him out. I also re-negotiated his loan (worked for a bank for a decade). He will be in better shape if I can help him get his IM efforts off the ground. I think I should have made a different post. Here goes: I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me? Oh, and for those who will post the "I told you so" posts, I already look at this as a loss.

                          TomG.
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                          • Profile picture of the author Jason Moffatt
                            Originally Posted by tommygadget View Post

                            Whew! Go get some sleep and see what happens? OK, I already told you guys that I bailed him out. I also re-negotiated his loan (worked for a bank for a decade). He will be in better shape if I can help him get his IM efforts off the ground. I think I should have made a different post. Here goes: I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me? Oh, and for those who will post the "I told you so" posts, I already look at this as a loss.

                            TomG.
                            Dude,

                            You take his house if he don't pay up! Simple as that.
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                          • Profile picture of the author DaniMc
                            Originally Posted by tommygadget View Post

                            Whew! Go get some sleep and see what happens? OK, I already told you guys that I bailed him out. I also re-negotiated his loan (worked for a bank for a decade). He will be in better shape if I can help him get his IM efforts off the ground. I think I should have made a different post. Here goes: I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me? Oh, and for those who will post the "I told you so" posts, I already look at this as a loss.

                            TomG.
                            Man you are a good friend.

                            Personally, I think you would help him more if you made him WORK it off.

                            All the crap in your business that you don't want to do...teach him how to do it and then make him do it from now on.

                            Pay him $20/hour and deduct his wages from your loan to him. That's about 500 hours of work. You say he can write....use him!

                            I would make him treat this as a real job. Make him come to YOUR house or office to do the work so you can keep track of how many hours he has used. Don't let him slack on you or he will be counting his TV time as "hours worked."

                            You could get your investment back AND help your friend learn a real skill besides the book store.

                            Personally...I don't see what the big deal people are making about "the house he grew up in." That is just an excuse.

                            How many of us live in the house we grew up in? Almost none. Are we crying about it? If we can't afford our houses...we move.

                            Tell him he needs to stand up and be a man and dump the house. He will be right back here again.

                            Slap him like the Godfather slapped Johnny Fontane and tell him to stop the crying.

                            You just gave him $10,000...he is now your bitch. Now YOU are the mob boss he is in debt too.

                            Daniel
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                            Be kind, for everyone you meet is fighting a hard battle.
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                          • Profile picture of the author Danyelle
                            Ha! I'd borrow it from my parents ::insert pathetic face here::
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                          • Profile picture of the author strive4impact
                            Originally Posted by tommygadget View Post

                            He will be in better shape if I can help him get his IM efforts off the ground. I think I should have made a different post. Here goes: I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me? Oh, and for those who will post the "I told you so" posts, I already look at this as a loss. TomG.
                            Give him a couple of books: Rich Dad, Poor Dad, and Think and Grow Rich. Also, How To Win Friends and Influence People is good, and the audio series "The Winner's Seminar" by Jim Rohn.

                            If you help him change his philosophies,
                            you will help him change his attitude,
                            which will help him change his actions,
                            which will help him change his habits,
                            which will help him change his results,
                            which will help him change his lifestyle.

                            While you're helping him build a business, help him know that he's going to need to change his philosophies to get the results and lifestyle he wants.
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                          • Profile picture of the author Kyle Tully
                            Originally Posted by tommygadget View Post

                            I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me?
                            Oh that's easy...

                            Tell your friend you sold his debt to the mob and he has to pay $10,000 by next week or they're coming for him
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                            • Profile picture of the author Popstar
                              TomG,

                              Do you have a list?

                              If you do, instead of having your friend write articles, why don't you have him create a product you can sell to your list?

                              You take the 1st ten grand and then split the rest 50-50.

                              Debbie
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                          • Profile picture of the author DrC
                            Originally Posted by tommygadget View Post

                            Whew! Go get some sleep and see what happens? OK, I already told you guys that I bailed him out. I also re-negotiated his loan (worked for a bank for a decade). He will be in better shape if I can help him get his IM efforts off the ground. I think I should have made a different post. Here goes: I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me? Oh, and for those who will post the "I told you so" posts, I already look at this as a loss.

                            TomG.
                            You bailed him out? Geeze You are good friend! Dont have any quick 10k ideas for you, but if your friend is interested I can give him a slot at my membership site. Lots of members have taken the 'concoctions' there and have made tons of cash with them. I dont want to hinder your need for quick action,,, but your friend who needs help getting his feet off the ground with IM,, my site could probably help him

                            Let me know
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                            • Profile picture of the author Jill Carpenter
                              In the fake scenario where the Mob is coming after me and I don't have 10g I would probably be attached to a cement block at the bottom of the Hudson. With that kind of deadline (no pun intended) anything IM is going to be tough to get the instant money. Ebay would be my first thought and if I made it out alive I'd be left wearing "the delicate cycle."

                              In the real scenario I say get your friend to move into your basement and rent out his house for a while so someone else can be making payments. That way while he is in your basement you will have him in all his non working hours as your slave to help you - and I agree with the above, make him work for you to work off what you want.

                              Originally Posted by tommygadget View Post

                              Whew! Go get some sleep and see what happens? OK, I already told you guys that I bailed him out. I also re-negotiated his loan (worked for a bank for a decade). He will be in better shape if I can help him get his IM efforts off the ground. I think I should have made a different post. Here goes: I am the idiot who lent a friend $10,000. I would like to have it back in a month or so. What would you do to get the funds back quickly if you were me? Oh, and for those who will post the "I told you so" posts, I already look at this as a loss.

                              TomG.
                              Does he have 10g of stuff to sell? That will solve paying you back and emptying out his house for the new renters.[]
                              Signature

                              "May I have ten thousand marbles, please?"

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                              • Profile picture of the author rondo
                                What kind of bookstore does he work in? Is he friends with the owner? Can he do a deal with the owner?

                                I'm thinking he could print a few hundred post cards or business cards or bookmarks and place them on the check out desk. The cards promote a product or service or seminar that pays a decent commission.


                                Andrew
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                              • Profile picture of the author VegasVince
                                To be honest bro....with friends like this.....you'se don't need too many more enemies.

                                And the fact is, sellers remourse is kickin' in big time with you right now. But you'se did the deed.....and that shows you have loyalty at least. Nothin' wrong with that.

                                And I've loaned enough money to dead beats over the years.....to know...it'll come back ten fold one way or another.

                                Assuming you don't feel like burning down the house via the Mr. Coffee Pot idea I gave you......here's another thought:

                                1. A life insurance policy in the amount of 10K
                                2. Have your dead beat friend's "brakes adjusted".

                                The next time he goes speeding around some corner at 80 miles per hour.....and trys to stop on a dime......POW! It's all over.

                                Next thing you know....Marlin Perkins from Mutual of Omaha....shows up with an insurance check in the amount of 10K and hands it to you no questions asked.



                                xxx Vegas Vince
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                          • Profile picture of the author reapr
                            Humm there are several options. Mossberg, glock, springfield, sig always look at all your options or a variation of several.
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                            • Profile picture of the author Roy Carter
                              It's easy now, just show him Vegas Vince's posts in this thread and say you have Vince's personal telephone number.

                              A hint like that should do the trick!

                              Roy
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                              • Profile picture of the author Eric Johnson
                                Vince, I hope you are joking. Cause if your not...

                                Oh, and I looked at that picture you got up...you are definitely NOT colorful. Not even a little bit.
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                                • Profile picture of the author tommygadget
                                  OK, you guys have had a good laugh. Where are all those interesting ideas and discussions I see in some threads? For those of you who provided thoughtful answers, I thank you. Anyone else got a solid answer or unique idea that is not related to defective appliances?

                                  TomG.
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                                  • Profile picture of the author Mraz
                                    Uhm...make him do that? You'll get your 10k back in 90 days. How about contracting him for a year then? Enormous profits there. 40k
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                                  • Profile picture of the author CSwrite
                                    Originally Posted by tommygadget View Post

                                    OK, you guys have had a good laugh. Where are all those interesting ideas and discussions I see in some threads? For those of you who provided thoughtful answers, I thank you. Anyone else got a solid answer or unique idea that is not related to defective appliances?

                                    TomG.
                                    Ok - here goes. He works in a bookstore, so this is what I would have him do - put together a special report, something like: "Bookstore Insider Reveals the Truth About Book Sales - What the NY Times Bestseller List Won't Tell You."

                                    Market it to first time and struggling authors - they are legion.

                                    He can use his own experience from the store, and what he has observed, and turn that into useful advice that can help writers learn to target their markets more efficiently.

                                    Promotion would be a breeze too.

                                    My two cents for what it's worth

                                    Cary
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                                    • Profile picture of the author tommygadget
                                      Originally Posted by CSwrite View Post

                                      Ok - here goes. He works in a bookstore, so this is what I would have him do - put together a special report, something like: "Bookstore Insider Reveals the Truth About Book Sales - What the NY Times Bestseller List Won't Tell You."

                                      Market it to first time and struggling authors - they are legion.

                                      He can use his own experience from the store, and what he has observed, and turn that into useful advice that can help writers learn to target their markets more efficiently.

                                      Promotion would be a breeze too.

                                      My two cents for what it's worth

                                      Cary
                                      That's a good try Cary, but I think his skill set is more suited to reading depressing novels and sipping lattes at the store's Starbucks concession. Now that I'm thinking about my $10,000, I'm seeing little black dots in my field of vision.

                                      TomG.
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                                      • Profile picture of the author CSwrite
                                        Originally Posted by tommygadget View Post

                                        That's a good try Cary, but I think his skill set is more suited to reading depressing novels and sipping lattes at the store's Starbucks concession. Now that I'm thinking about my $10,000, I'm seeing little black dots in my field of vision.

                                        TomG.

                                        Ooooo... I'm sorry... It's a tough one, but it was very nice of you to help him out.

                                        For that skill set .... um.... ok -

                                        how about a community site, Ennui - for the bored and disaffected.

                                        Of course, that market may be too busy reading depressing novels and sipping lattes. I'll keep thinking
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                                        • Profile picture of the author David Chambless
                                          Me, I keep it real simply when it comes to collecting money. I just call Guido and the boys educational services, and they take care of it! It's amazing how educating
                                          a horsehead in your bed or a busted knee cap is!

                                          Seriously, making money on the net from a dead start is pretty darn hard for most.

                                          However, off the net is an entirely different story.
                                          Have him get a couple of the offline gold wso's like andrews, coach him a little bit, and then motivate the hell out of him.

                                          It is true that to make money you have to spend some. Spending a few hundred greasing the skids to make 10 large isn't bad at all.

                                          And realistically, since he couldn't figure out how to save his house himself, (Outside of a loan!), to get your money back, your best bet is to help him pay you off.

                                          I promise that will be a lot easier than repoing a house. Foreclosing on property just sucks at its best.

                                          David
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                                          • Profile picture of the author lincolnn
                                            i dont understand why people say "my friend" when its always so obvious they are speaking about themselves
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                                            • Profile picture of the author tommygadget
                                              Originally Posted by lincolnn View Post

                                              i dont understand why people say "my friend" when its always so obvious they are speaking about themselves
                                              Err... because if you've read any of my posts then you know:

                                              1) I am not afraid to ask for help on topics I am not expert in.
                                              2) I don't need to hide behind "a friend", I could have asked the question straight out.
                                              3) I have helped lots of people and have been very generous with a bunch of warriors.
                                              4) My mortgage is not in danger anytime soon.

                                              TomG.
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                                              • Profile picture of the author ryanstreet
                                                Has no one in here ever fallen on hard times?

                                                What if he has no more savings b/c of a medical issue that wasn't covered by medical insurance drained his savings account.

                                                He was shortly afterwards laid off or something else along those lines.

                                                Guess what? It happens all the time. Situations just like this one.

                                                Who here who makes an honest living has $10,000 "just sitting around" waiting for just such a circumstance to present itself.

                                                Raise your hands. What's that? No one. HMMMM. Go figure.

                                                Everyone falls on hard times and it isn't the end of the world to help someone out.

                                                As for the question, if I needed $10,000 for a house or the mob, here is what I would do.


                                                Pimp myself, that's right, not in the way some of you are thinking

                                                Everyone has a skill in some way shape or form. I am personally a programmer, but you said he was a writer.

                                                Great, draft up some contracts asking for advances on projects he will do. He would be contractually liable in court for providing the service, so he couldn't just "screw" someone by taking the money and running.

                                                Now go work your butt off getting contracts for everyone:

                                                Here in this forum
                                                Other forums
                                                Offline at business
                                                friends and family
                                                you name it

                                                You could probably raise $10,000 in a week from that if you worked hard. You could even present contracts with "promise to pay" ledgers to a bank and they can defer things even with proof like that, (I've done it before, and it does work).

                                                Don't go taking a risk when you are under the gun. Go and do what is tride and true. STick with what you know instead of jumping into something that will take (in most cases) months to make any money off of.

                                                That is my advice, and I'm sticking to it.

                                                BTW, anyone who said lend him the money, good for you. It's nice to know there is a little compassion left in this world.


                                                See ya.
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          • Profile picture of the author Lance K
            He could write a course titled...

            "How To Save Your Home From The Foreclosure Goons By Raising Up To $10,000 Or More In Under 21 Days!"


            then just expand on and package the info divulged in this thread. Throw in a bonus report about easy credit repair, a rock solid money back guarantee (or a conditional double your money back guarantee), and a $1 trial with balance billed to credit card in 2 weeks and he's good to go.
            Signature
            "You can have everything in life you want if you will just help enough other people get what they want."
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              • Profile picture of the author Lance K
                Originally Posted by tommygadget View Post

                Lance gets a thumbs up for humor!

                TomG.
                Tom, I was only half joking. The forclosure market is huge these days.
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                • Profile picture of the author Lance K
                  Tell him to look up Chris Remple. Then combine his writing skills with Chris's conduit method.
                  Signature
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                  • Profile picture of the author tommygadget
                    OK, Vegas Vince, and others, yes, you are right, he needs a dose of fiscal responsibility and should dump the house (he grew up in) and live within his means. This experience of his just made me wonder what warriors would come up with in a back to the wall situation.

                    TomG.
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                    • Profile picture of the author Bruce Wedding
                      Originally Posted by tommygadget View Post

                      OK, Vegas Vince, and others, yes, you are right, he needs a dose of fiscal responsibility and should dump the house (he grew up in)
                      Oops!

                      You just told us that he's already been to Countrywide and mortgaged his inherited house to the max on an inflated appraisal, right?

                      This guy doesn't deserve this house. And nothing you do for him is going to help. Some people desperately NEED to hit bottom. There are lessons in the bottom of the gutter that are only learned when you sleep in it.

                      It's hard to watch a friend crash, but you're not doing him any favors by trying to save him. You'll be hitched for life.
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            • Profile picture of the author alexanderberson
              Originally Posted by Lance K View Post

              He could write a course titled...

              "How To Save Your Home From The Foreclosure Goons By Raising Up To $10,000 Or More In Under 21 Days!"


              then just expand on and package the info divulged in this thread. Throw in a bonus report about easy credit repair, a rock solid money back guarantee (or a conditional double your money back guarantee), and a $1 trial with balance billed to credit card in 2 weeks and he's good to go.



              lol yeah. that gave me a good laugh.

              Did he try to borrow funds from his friends or family?
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        • Profile picture of the author braver55b
          Originally Posted by Jason Moffatt View Post

          However, if I were just trying to get a quick sum like that, I'd probably try to partner up with someone wealthy and make them a offer they couldn't possibly refuse and work my ass off for them.

          I'd construct an amazing letter and pass that thing out to about 30 successful entrepreneurs offering my services for a fraction of the cost over a long period of time.
          Jason's suggestion sounds like the best idea of the bunch.

          This sounds good, even if you weren't in a bind.
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      • Profile picture of the author mr2monster
        Originally Posted by Lance K View Post

        I'd CTC.


        Cut The Check


        EDIT:

        Anyway, where your friend is concerned, what are the chances that someone going into foreclosure will take action on any of the advice shared anyway?

        I just wanted to chip in my $0.02 and say that everyone that is going into foreclosure isn't necessarily there upon their own accord.

        I'm skirting this very issue right now, and I'll say that it is definitely not because of my lack of trying... or my lack of "taking action"

        Sometimes you get dealt a shitty hand, and it becomes a situation that is nearly impossibly to come out of. Like my case of getting ripped off by a former room mate to the tune of more than 4000 bucks, getting laid off, and a few other issues that are preventing me from being able to just bounce back like nothing happened.

        So, maybe the guy deserves a break... that's all I'm saying.


        As far as the OP's friend is concerned, I think he should definitely look into some non-profit organizations that are specifically geared towards helping people save their homes.
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        • Profile picture of the author chriswight
          Find the nearest "We Buy Houses" ad and call. Real estate investors love buying preforclosures and sometimes even let the owner cash out SOME of the equity they might have in the property.
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        • Profile picture of the author Lance K
          Originally Posted by mr2monster View Post

          I just wanted to chip in my $0.02 and say that everyone that is going into foreclosure isn't necessarily there upon their own accord.

          I'm skirting this very issue right now, and I'll say that it is definitely not because of my lack of trying... or my lack of "taking action"

          Sometimes you get dealt a shitty hand, and it becomes a situation that is nearly impossibly to come out of. Like my case of getting ripped off by a former room mate to the tune of more than 4000 bucks, getting laid off, and a few other issues that are preventing me from being able to just bounce back like nothing happened.

          So, maybe the guy deserves a break... that's all I'm saying.


          As far as the OP's friend is concerned, I think he should definitely look into some non-profit organizations that are specifically geared towards helping people save their homes.



          Not trying to be a dick, but in my book, anyone who...
          • Put less than 20% down
          • Didn't lock in a 30 year rate
          • Didn't have 6 months of living expenses in savings
          and bought a house anyway was NOT dealt a shitty hand. And they don't "DESERVE" anything. They signed on the dotted line. There is no such thing as high reward without high risk.

          Don't get me wrong. I'm not against helping out those truly in need. I just don't buy into the thinking that anyone with an ignorance problem (not directed at you) is a victim.
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  • Profile picture of the author Hamish Jones
    Originally Posted by tommygadget View Post

    Quick note: That post title was for Kevin the hamster king.

    OK, a friend of mine is in this dilemma, he needs $10,000 (no, not the mob, close, house in foreclosure) in approx. 14-21 days and came to me for ideas. When I realized that he was serious, I thought about it and said that I would ask some friends in the know Here are my ideas:

    1) Sell his car and computer. I don't think his are worth much, but it was worth a try.
    2) Put everything he owns on eBay and try to sell it all.

    Anyway, as far as IM ideas go, I thought real hard about this. First, he would have to process payments himself because of the short time frame. This means two important things: 1) He needs PayPal and 2) He needs a product of his own. OK, PayPal setup is no problem, I did that for him. The product was a different story. I am looking into PLR and will be re-writing it for him. I will then promote it via adwords and mass article distros.

    So warriors, what would you do if the gun was to your head?

    TomG.
    That's a tough one.

    After selling everything he can on ebay (and everything that people donate to him to sell), and borrowed money from family (who hopefully don't charge interest) is there something he is particularly good at that he can sell (Article writing etc?)

    Remember, $10000 can be broken down in to 100 sales of $100. What can he offer for $100 that a lot of people would want?

    Personally, if i were desparate, I would pimp my ass out article writing.
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  • Profile picture of the author DougBarger
    Hey Tom,

    Instead of focusing on the product, you and your friend need to focus more on who will end up buying it.

    This means pick a market that has high demand with proven buyers.

    You can see what the top sellers in that niche are offering and then
    replicate the basics of what's working for them while tweeking your offer
    to give them more of what they want and why they are buying from
    the top niche guys in the first place.

    You can look at what kind of ppc ads/sponsored search ads they're using
    and contact them offering them an affiliate commission to promote

    your "complementary" or related offer to their list of already extremely
    targeted buyers. I say extremely targeted buyers because they've already bought a product
    like yours from the listowner so if you can improve upon the product and/or add something that helps them get more value out of the one they already bought, then it will be a win win.

    Think about it, you're making it easier for them to make more money by offering a new product that they know their buyers are already wanting.

    You need to find a way to fill any gaps their product may have left which will make it a perfect fit.

    This way you benefit from the existing client database and the listowners benefit from the fast cash injection you reward them with in commissions for making you and your friend money offering your product to their list.

    Heck, why not offer them (list owners) private label rights (plr) so that they can
    claim credit for creating it themselves and make instant money like that?

    That way you're giving them a new product and income stream that complements and/or even improves upon their current offerings as well as providing them a new way to get some quick cash benefitting their list.

    Of course, you and your friend now have the extra money.

    The bigger and more in demand the niche is, then the more listowners and database owners you'll be able to contact and offer the private label rights to.

    Find out how much you can get and then identify how many listowners you'll need to contact and then make it happen.

    Just some ideas to help you get going.

    Oh, one more thing. You can get some royalty free music clips to use as intros and exits for mp3s you can record using audacity which is free.

    Now you can offer mp3s instead of just pdf.
    Using camtasia or cam studio you can add video to the mix.

    Now you've got videos, audios and text to offer.

    Remember, all you have to do is make it once and then you can sell it as many times as you need to get the 10k.

    Find high traffic sites and/or blogs in the niche you picked and purchase cheap ads for your link to your salespage.

    A few well placed ads all working for you at the same time can get you some good traffic and some sales.

    Hope this helps.
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  • Profile picture of the author Eric Folks
    I think I would have to smash all my piggy banks real quick!
    Hi everyone, I am new to this forum.

    Dont worry I will have a picture soon

    Adios

    Entrepreneurs Wanted
    www.Ericsincomeplan.com
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  • If I owed the mob $10k and they were coming for it next week I would get the hell out of the country and stay gone for a few years.

    That's just what I would do. I've seen the mob movies and I know how nasty these guys can be.

    If I knew how to make $10k in a week starting from scratch, believe me I would share it. But I haven't figured that one out yet....
    Signature
    "The successful man is the one who finds out what is the matter with his business before his competitors do"
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