What do I mean by you see money with your mind and not with your eyes? Before you could see the physical money, you have to see it with the mind first. For example, before you buy a run down property and sell it for a profit later. You have to imagine how are you going to make improvement to the property? How much are you going to buy it for? How much will you be paying for the renovation? Where do you find the people to buy it? How much will you be selling it when it is renovated? You have to see all this in your mind first and then take action, do whatever it takes and you will see the money at the end of the day.
I was at the East Coast in Singapore last night and saw a group of people riding bicycle and I told my friends about the opportunity that I saw in my mind. Want to know what was the opportunity? Bicycle rental business! The bicycle rental business can be a very good business, why? I was told that the bicycles are rented out at $6 per hour per bicycle. All you need to do is to rent your bicycle for 2 hours a day, multiply it by 365 days per year, you get $4,380. How much does it cost to buy a bicycle? What's the ROI in this case? Of course you will need to look at the rental of the kiosk and the salaries of the workers running the kiosk. Do the numbers, I am sure you will come up with a very decent profit at the end of the day.
Can you see the many opportunities that is available out there? or rather, in your mind? Will share with you more about opportunities next week.
