If You Had 7 Days to Make Money or Your Family Would Starve ...

Step one: Identify assets. What are my natural skills? What are my mental and physical tools?

Step two:What do I want and how much?

Step three:Make a shopping list.

Step four:Seven degrees. Who has what I want and how far away are they in degrees?

Step five:Find the most direct access to those that posess the items on the list. In the short term this could mean getting to know them through listening in conversation for their motivators, wants, needs, desires and dreams. Figure out how I can help them and draw the mental map. Sketch the map for them and break it down into believable steps. Give them the most important helpful thing immediately to begin progress. Stop.Tell them what I need and it's urgency.

[Nick Temple]

In a similiar vein to Bergur's post: ....

First, determine what the actual "problem" (or desired result) is. In many cases, money is not the only "wealth". For example, if the issue really is I needed food, then maybe a barter arrangement may actually work better than a ton of cash (given a situation where there is no food available due to a disaster, for instance.) In that case ... who has the food, and what does that person (or business or group) need?

Note: I believe prayer (or at least being open and at one with the universe or whatever your personal beliefs dictate) is extremely important in all phases of the game, but specifically when you are looking for new opportunities - one mind, one spirit, one body....

Then, approach my "inner circle" of associates and describe the desired outcome. At this point I am looking for a specific strategy: what products / services are available at a discount (or not, depending) within the allotted resources (time, money, etc), preferably with a high profit margin. Also, what immediate needs are there - buzzwords, opportunities.

Once some brainstorming is done, then hit my network with a little more specific questions, but being open to other opportunities as well.

By this time, I've found many deals that could be persued ... how many (and how big) is basically determined by the size of the network, and in part by the timing.

Then act on one (or more) of the opportunites that have been found.

If I'm a 10 year old, the best opportunity may be hitting the streets to find people who need their lawns mowed [i've already determined there is a need, of course, through my existing network] ... and outsourcing the work to the kids down the street [whom I've determined want the extra work].

If I'm Bill Gates, my network would be somewhat larger ...

Most of us, I'd guess, are somewhere in-between.


Nick's Axiom: Potential wealth is directly proportional to the size of the network.

If that was the case, I would look to my peers and leverage what they can bring to the table with what I can bring to the table.

I would offer my skills, my time, and what ever I I had rights to sell, and combine that with my peers and create a sale and start it NOW.

I would then get some JVpartners from my peer and those that I know, and I would give them high payouts on the offer and allow them first crack to get the word out as a sign of my gratitude.

The offer would have a great buyers only affiliate program so they can buy and then promote to increase the momentum.

In 7 days, my family would be well fed and I owuld have strengthend my bond with my JV partners and I would be there when they asked me to return the favor.

Simple, but that is 'Exactly' what I would do

Thanks,
Mike Filsaime

I'd sell my star-trek book collection on EBAY.

That would keep us in banana and crisp sandwiches for about six months.

Hey David - my hubby would like that answer LOL (he loves star trek).

Back on topic...

I've been there myself, more than once over due to circumstances beyond all possible control. (Murphy's law: mil passes away... hubby wrongfully dismissed from his job... son very ill... required to move across country - AGAIN... son passes away... forced to move again... less than $50 in bank account, and not sure where to get food $ let alone bills).

And that's with NO credit card debt. (We hated ccards so didn't use them).

In a similar vein to what others have said, you have to start with a structure.

I grab a notepad and write down all the ideas my mind can come up with. Often I've had these ideas in the past, just never did anything with them.

Then I decide which ones can be implemented quickly - i.e., a service (advertising, or optimizing, or similar), etc. Personally I rarely sell a product (usually service), but am working on product for the future.

In a service, it doesn't usually take much time to put together. For example, if its my time involved, I don't have to do a lot "before" the sale. (But I have to make sure I can do the work I promise).

I figure out how much I'm willing to do the work for (i.e., a rough draft of sales vs profits (sales-commissions-fees=profits)

I then write up a sales letter with the features I want to offer, and then type it out.

I then *walk away* from the sales letter and go back to it the next day, and re-read it. I may tweak it a bit, or shrink it.

Usually during this process (my "walk away" time), I would then decide how I want to release this: i.e., do I want to JUST offer it to my current subscribers, or offer a few key people the opportunity to release it and earn - with a set deadline.

I did a release about 2 weeks ago - asked three people to release it. Two did. We had over $8000 in sales in four days, paid half to commissions, and still have a few spots left, so I'll be contacting a few others to see if they're interested in offering it to their people.

The fact is, Joint venturing is probably going to be the fastest way to earn when you're in the shortest amount of time frame financially - but it also takes a lot of thought and effort, and of course, taking care of the customer after the fact.

One JV I did a year or so ago resulted in $40,000 in sales over a 48 hour time period... nice commissions earned to the person (yes just one) who did it with me, and also gave me added funds for a while.

I always recommend to sit and think - there's something everyone is good at - and most can be released in under 7 days, service OR product. (Or, do a prelaunch, like Mike Chen did - where the product is being developed and will be sent within say 2-3 weeks).

Just my opinion/experience.

If my family were to starve in seven days unless I made money.....

Firstly, I'd sell something quick..... raise a little cash..... and use part of it to hire a hit-man to get the scumbag so-called 'friend' who just stole my life savings and disappeared off the face of the planet.

TRUE STORY.
(apart from hiring a hitman!)

I'd pull myself together... and get on with it.

No excuses, no more delays, work hard, harder and harder still.

Be FOCUSED.

And check back here often for some great ideas.

I would do something I have a track record in that I know will work. I would sell services building websites. There are many people who want and need one. I could build a few for free in exchange for testimonials, which will help get more business.
-Marketing would be the key. Google Adwords has worked best because they don't bill you until later so I can make money and pay them out of my proceeds later.
-Next key is splitting time between building sites and marketing. It's easy to spend all the time building just because you have orders outstanding, but this will not work. Time must be set aside every day (2 hours at least) to continue marketing or the orders will dry up (Marketing would include building links, free ezine ads, and methods that have worked in the past)

- Once I've earned money to keep from starving, I would work on building residual income sources, because offering services is merely a quick fix. Some long-term income sources I'm working on now:
- income from content-based sites via Google Adsenses, which I've had success with
- authoring books (builds a reputation which opens you up to more profitable opportunities)
- affiliate marketing
- building relationships via forums ( a JV takes less effort than practically any other form of marketing).

Originally Posted by Mark Joyner

... what would you do to generate wealth in those 7 days?

MJ

I thought about this since yesterday. I can't put "money" in the same category as "feeding my family or they starve". Generating monitary wealth is another story.

My family would not starve no matter how poor we were. I can food in the fall. I am able to hunt and fish. My children would eat. I raise food. If it were to the point of needing food because I was physically incapable of doing it? I have resources that would gladly give me what I need because I have spent my time giving to them - it may be in the form of giving respect, information, helpful advice, or just pointing them in the right direction. But I could name a hundred people who would gladly provide food for my family if it was requested.

However. Generating money for providing them perks and comforts is a different ball game. In one day I could post I was looking for work on any of several local message boards I participate in and would have tutoring, teaching or computer repair jobs. But my preference would remain via the internet utilizing web sites. There are a zillion people to reach on the net. Provide a service or product that everyone needs and wants is going to give exponential results. A good product and word of mouth by happy customers is the most valuable resource one could have. Also, providing expertise to newbies is quite a valuable resource.

Matzo

[nk_needscash]

I would borrow my dad pickup and trailer and go to the city hold sign "haul for hire"
I used to haul firewood but it just took up too much of my time and I didn't really enjoy it.

[classact24]

Hi Everyone,
This is my first time in the forum. Great question Mark. I'm not starving at the moment but I am currently following John Thornhill's program about how to make $700 in 7 days, it's part of his Resale Rights Blueprint. I'll be back later to share my success:-)
Ann
http://www.ann-martinez.com