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sandyf Wrote:
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> Edited after writing below as i just realized that
> after reading pages and pages of this thread over
> time I lost complete track of who the op was....so
> I shop 4 you I apologize to you if I am not
> representing your sentiment correctly since you
> were not the original poster. But still, to
> whoever (or whomever) it is that my comment
> applies (those of you who support telling all and
> feeling you can earn tons of money in this field)
> I am eagerly awaiting the list of companies where
> I can sock away all that money in a relatively
> short period of time. I will take the list even
> from someone on the forum I earlier disagreed
> with. Just make sure they are legit companies.
>
>
> Ishop4you904
> >
> > LOL thanks for your response. You know I don't
> > blame anyone for not wanting to post their list
> > either. I think I've said that, and just stated
> > that if you didn't want to you shouldn't of
> posted
> > in this thread. That's what the conversation
> topic
> > was about. That's all I was saying.
> >
> I shop for you...I shortened your response to make
> room. I was happy to read your explanation that is
> referenced above. What I cannot fathom is why you
> are choosing mystery shopping as a way to get to
> your goal of saving $100 million before you are
> 40. I really think this is the completely wrong
> field for coming even close to doing that unless
> you are planning to spin off mystery shopping
> yourself into some other business and if so then I
> think being truthful about what you are searching
> out would help you a lot. If you are just doing
> research for an article it would be ethical to
> tell us that. If you are doing your own research
> to start your own mystery shopping company then
> tell us that too. Perhaps some of us would help
> with information we feel comfortable sharing on
> the basis of a truthful question and the reason
> for it. I doubt there are many mystery shoppers
> who end the year with any savings at all unless
> they are living off some other source of income.
> Most are happy to just pay off their monthly
> bills. If you find the mystery shopping company
> that pays you well enough and is legit to come out
> that far ahead that you can bank 100 mil excess
> profit beyond living expenses in 15 years or so in
> this business I am assuming you will come back
> and tell us all about it soon. We are eagerly
> awaiting this new and profitable information.
I do think you've misunderstood what I was saying about the 100 million. I feel if I set a huge goal and try for that goal even if I come up short I should in theory do pretty well for myself.
I do not think Mystery shopping can net you 100$ million. Not by itself. My shorter term goal is to take 0$ and turn it into 1 million. Meaning I have no money to invest. The point of this is to show people who are broke or in poverty that anything is possible. Also to show people that if you have a job you hate that it's possible to do literally anything you love as a career.
Mystery shopping is going to be part of what I do. Mostly because I can do it on my own time, I can travel to where other business ventures are and look for shops in the area I'll be attending. Eliminating as many expenses as possible is key to getting to the 1 million as fast as possible.
I've had many request for blogs. I never really was sure what I should blog about. I've figured out what it is I want to do. I want to travel the world and video blog everything. Since I'm not rich or close to it this plan will help me travel and either eliminate expenses completely or take a chunk of them out.
I'm a serial entrepreneur. I'd like to start a business where I invest in other people. I believe people have great ideas. I also believe you can only be great at one thing. Being great at selling your idea to investors is a hard skill. So say you're great at painting. It's not going to be easy for you to be a great painter and a great businessman. So my goal is seek out the people who love the work. I will not love mystery shopping. It will be a job and I'm already overwhelmed trying to learn everything I need to put this plan together.
Part of my plan will be to invest in an RV/Tour Bus. I'd like to find a few people who are younger maybe in college or right out. Who want to travel the world and have some fun. I'll provide the money for all expenses and take care of everything. In return they do the shops I tell them and we split the profits 50/50. If I can find 4 people willing to do this I'm now doubling the money I could make by myself. While my RV is parked in an area and my shoppers are shopping. I'll be out doing what it is I need to be doing in the area. Mostly advertising. I plan on doing meet and greets with blog readers. Maybe little partys. I'm not quite sure yet. I do have a lot of support.
Part of my idea is that once I have the million. I split it. I give 25% to the main forum I'm working with. 25% to everyone who pitched in ideas or helped me along my journey. It will just be a giant list and I get to put who qualifies. Then I get the other 50%. At the same time I'm making money I'm helping others do things they otherwise wouldn't of been able to do. I want to help people who come from poverty and aren't strong enough to overcome the adversity that they face.
I can start out doing mystery shopping for free. Literally just doing phone calls.
You want to know a secret? I'll share this secret with you and I'll tell you all the biggest leak I see in majority of the advice given here.
Stop thinking about your hourly rate. Start thinking about your yearly rate. If you make this your full time job. You dedicate 60-80 hours a week. Maybe even more. And no you are not an employee a 40 hour work week for a business owner is a for sure sign of an unsuccessful/mediocre business. You're in a huge competition and if others are willing to work harder and put more time into this than you are, well I'm very sorry you will not win this competition.
If you have 5 days and only take the 200$ shops and there's only 5 of them a week you can do. You're hourly rate is great. However if you take all those 200's then you do all the shops you possibly can. So you make the most money in the day. Rather thats a 10 minute phone call for 2$ or a fast food shop for 5$. Ignore your hourly rate.
Now if you made 40k doing your method. You have 30k in expenses such as bills and such. That leaves you with 10k for investing. Take every bit of profit you make from mystery shopping and put it into more shops. Do shops until you are broke and can't do any more. When that happens get on the phone. Start doing the free shops until those paydays start coming in. Be ready and monitor all of the shops on as many sites as you can. Make as many friends as you can with schedulers/owners/editors. If you see them offering a bonus on shops tell them you'll do them if they will help give you shops to make the deal more profitable.
Now if you do this and do as many shops as possible. I'm talking 12 hour work days. You will most likely see a pretty significant increase in your revenue. Makes sense right? More you work the more you make? Sure your hourly is going to take a drastic hit. But which tax bracket your in doesn't matter what your hourly wage is. Most people work on salary anyways.
This is a power quote that explains how I believe everyone should focus on work.
"“Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people cant.”
- Warren G. Tracy’s student
Don't judge your hourly rate in the short term. Think of something you want to do to invest money. Come up with a number. Do whatever you can, seize any opportunity that will bring you to that number quicker. Then in 10 years after you've invested calculate your hourly rate. After all if you now have 20k to invest compared to 10k you will get there much faster. How much did you make off that money now? Now let's figure out your hourly rate over the last 10 years. Besides what else are you going to do? Sit at home and watch movies? If you aren't spending your time being productive thats ok. As long as you understand why you struggle financially, and that it's a choice you make. That you could have more. You're just too lazy to do the work required to have it.
When I ask people questions, it is never to imitate them. I ask a questions and evaluate why they answered that way. That's how I learn. If I mimic you how could I ever expect to make more than you? It's not realistic and not a goal. You may think "Why help my competition?" Well for me personally if you help me I'm willing to help you. So if I make it there's a good chance you will as well. There's also a good chance we do more together and do it faster working as a team than being greedy.
I'm not the OP. I'm not sure why they posted asking for this question. I'm interested in the answers because I'm interested in seeing how season shoppers think alike/differently.