How Would You Get $10,000 in 30 Days?

[SweetTooth]

You're sent back in time to before you started your business. You still have all of your memories though. Just no acquaintances, friends, or business partners that helped you get to where you were. What would you do to get $10,000 in the next 30 days?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Spoonman]

You're sent back in time to before you started your business. You still have all of your memories though. Just no acquaintances, friends, or business partners that helped you get to where you were. What would you do to get $10,000 in the next 30 days?

Get a job selling cars. A good businessman can make 10 grand in their first month. Plus it gets you moving and in a business mindset.

 

[Spoonman]

Get a job selling cars. A good businessman can make 10 grand in their first month. Plus it gets you moving and in a business mindset.

Dealerships will hire just about anyone with a neat appearance, no experience needed.

 

[BlakeIC]

Dealerships will hire just about anyone with a neat appearance, no experience needed.

are dealerships generally commission only? or are they wage + commission?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[TonyStark]

[HASHTAG]#landfill[/HASHTAG]

 

[Captain Jack]

You're sent back in time to before you started your business. You still have all of your memories though. Just no acquaintances, friends, or business partners that helped you get to where you were. What would you do to get $10,000 in the next 30 days?

I would either bet all of my money on a major sporting event or play the lottery (since I would already know what would happen).

Then, I would invest all of those winnings into a stock that I knew was going to take off.

Then, I would return to present day. Now, as a multimillionaire/billionaire, I would pay someone to invent a time machine and do this multiple times to become the richest man in the world.

 

[The-J]

Bet on the Panthers 14 times in a row, going bigger every time

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[mws87]

are dealerships generally commission only? or are they wage + commission?

Traditional dealerships provide a draw ("guaranteed ammount")

Your commission goes against your draw. If your commissions don't pass your draw after 3 months (even shorter, sometimes) your a$$ is out.

I've worked for traditional dealers and a buy here/pay here as well. The BHPH offered hourly + bonus. Made some good money, but it's a major time and life suck.

Get a job selling cars. A good businessman can make 10 grand in their first month. Plus it gets you moving and in a business mindset.

If we're talking about 30 days from when you're hired--good luck, especially if you're fresh in the business. Unless you have established clientele, know the game, close every deal, and work with a short staff, there's almost no way you'd pull in $10k your first month. Hell, at some dealers you're not even eligible for commission that soon.

These threads can be fun and interesting sometimes, but they seem like nothing more than idea-fishing. And the dollar amount always increases with each new 30-days-to-make-X-dollars-how? thread.

Sure, you can execute something effectively within 30 days, but, IMO, 30 days still falls under the "event" time line.

 

[100k]

I'd find ten middle aged hot milfs and offer my jiggalo services for $1k each, or 1 really fat chick for $10k.

[HASHTAG]#landfill[/HASHTAG]

 

[randomnumber314]

Put up a website for a service company. Answer sales calls. Collect money. Getting $10k is the easiest part, fulfilling to work and doing it well is that hard part.

I'm not speculating here. I did like $70k my first month in business, that was the easy part. Finding employees and the other 10,000 things was the hard part.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Georgy]

I'd find ten middle aged hot milfs and offer my jiggalo services for $1k each, or 1 really fat chick for $10k.

Can we partner up? We can create a network of jiggalos and utilize my "mothers looking for attention" mailing list

 

[Spoonman]

Traditional dealerships provide a draw ("guaranteed ammount")

Your commission goes against your draw. If your commissions don't pass your draw after 3 months (even shorter, sometimes) your a$$ is out.

I've worked for traditional dealers and a buy here/pay here as well. The BHPH offered hourly + bonus. Made some good money, but it's a major time and life suck.


If we're talking about 30 days from when you're hired--good luck, especially if you're fresh in the business. Unless you have established clientele, know the game, close every deal, and work with a short staff, there's almost no way you'd pull in $10k your first month. Hell, at some dealers you're not even eligible for commission that soon.

These threads can be fun and interesting sometimes, but they seem like nothing more than idea-fishing. And the dollar amount always increases with each new 30-days-to-make-X-dollars-how? thread.

Sure, you can execute something effectively within 30 days, but, IMO, 30 days still falls under the "event" time line.

There's a lot of variables involved. My first 6 months in the car business I averaged 10 grand a month, so I know it can be done. Additionally that was my first sales job.

 

[Spoonman]

I wouldn't try to make $10K in 30 days.

Instead, I'd focus on trying to make $1M+ in a couple years with residual passive income. Which isn't too hard if you get out of the "get rich quick" mindset...

Yeah, it's super easy...

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Spoonman]

Not sure if that was serious or sarcastic, but I'll bite...

No, it's not "super easy." But, it really isn't that hard. It requires dedication, hard work and mental toughness to fight through the hard times. Depending on what you want to do, it may require some intellectual capacity, ability to communicate well and experience in your chosen field. It often requires contacts, a good network and a willingness to take some risk.

But, more than anything, it requires you to break free of the "get rich quick" mentality that puts limits on long-term success. If you can't afford to spend a couple years of hard work to be successful, then entrepreneurship is probably not for you. There are a few lucky people who figure out how to make millions overnight -- just like there are a few people who hit the lottery -- but, if that's your business model, expect to fail.

I'm on board with all of that. But being entrepreneurial with 0 dollars in the bank account is quite a challenge. Most people are not single with nothing to lose.

I have 2 kids and a wife, who need food, shelter, medical expenses, transportation, clothes, etc. Being a business person typically requires a cell phone, a neat appearance (clothes, car, haircut, hygiene). I think everyone should have a nest egg capable of covering expenses before venturing into entrepreneur land.

That said, while I have entrepreneurial dreams, and a try to apply fastlane values to my life whenever applicable, I can see the need for cash without necessarily having a get rich mentality.

 

[JoeyF]

Roll into a car dealership and cash out 10k within 30 days, with no experience, good luck with that.

 

[Fox]

Wasn't there a 'How would you make $3,000 in 30 days' thread last week?

I am waiting for the $100,000 in 30 day thread. The really magic steps are going to be in that thread, 10k just ain't enough for the green lambo.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Spoonman]

Roll into a car dealership and cash out 10k within 30 days, with no experience, good luck with that.

Certainly not everyone can do it. It takes drive, persistence, and the ability (not necessarily the experience) to be a salesman. I watch people come through who can't make 2,000 dollars in a month. They usually are the type of person to sit around and complain and shoot the shit or sit on their cell phone. Others come in and hustle, they talk to 10 or more new people a day on the phone or in person. They are confident and hold gross profit during their negotiations. Nay say all you want. I see it happen every month.


Selling 15 cars in a month will usually get you Around 2500 in bonuses, plus $100 flat commision for every deal. That's 4,000 dollars right there. Dealerships usually run other incentives for salespeople to hustle and that can easily net you another 1000 a month.

Then you gotta think, 15 cars... atleast one of those buyers is going to overspend. You get 30% of the gross profit and some dealerships will run specials on old age units which can get the salesman up to 90% of gross profit. My average commision without bonuses is 600 per car but I've made up to 4000 on a single deal numerous times.

It's not fastlane, but it's good money and my dealership allows me the freedom to come and to as I please so long as I maintain my level of performance. I am free to focus on my business or visit the gym etc.

 

[Ubermensch]

I'm going to be making $10,000+ per day soon. The "plus" after that "$10,000" is like the asterisk next to the 73 home runs that Barry Bonds hit in one of his glorious "steroid-abusing" years (see below for demonstration).

The "plus," in other words, allows for my steroid-like money-making days.

@Thiago Machado should document it and announce a prompt end to the challenge @Cyriex posted (RIP to that thread, eaten by non-action taking noobs).

 

[jon.a]

I'm going to be making $10,000+ per day soon.

@Thiago Machado should document it and announce a prompt end to the challenge @Cyriex posted (RIP to that thread, eaten by non-action taking noobs).

Are you going away then?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ubermensch]

Are you going away then?

You may or may not believe me, but I had you in mind when I typed my penultimate post.

No mistake, then, that it intrigued you enough to quote it.

The old adage about how "great minds think alike" may have been hinting at telekinesis.

 

[Ubermensch]

Are you going away then?

PS. I haven't even joined the INSIDERS's part of the forum yet. I have to go inside before I even think about walking away.

 

[MattR82]

You need 100k in 30 days? I know a guy..

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ubermensch]

This entire thread is premised on the idea of how to quickly stop being broke.

Better to focus on how to get rich forever.

 

[jon.a]

PS. I haven't even joined the INSIDERS's part of the forum yet. I have to go inside before I even think about walking away.

You better do it before a member vote is required.

 

[LightHouse]

I'm on board with all of that. But being entrepreneurial with 0 dollars in the bank account is quite a challenge. Most people are not single with nothing to lose.

I have 2 kids and a wife, who need food, shelter, medical expenses, transportation, clothes, etc. Being a business person typically requires a cell phone, a neat appearance (clothes, car, haircut, hygiene). I think everyone should have a nest egg capable of covering expenses before venturing into entrepreneur land.

That said, while I have entrepreneurial dreams, and a try to apply fastlane values to my life whenever applicable, I can see the need for cash without necessarily having a get rich mentality.

Me too, quit being a F*cking victim. Its hard work, do it or don't. But don't play like you have it harder then everyone else, and it's somehow easy or instant for us.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ubermensch]

You better do it before a member vote is required.

I'm not worried.

All of my haters eventually love me.

Just ask @theag

Holmes hated on me the hardest in the beginning.

 

[mws87]

There's a lot of variables involved. My first 6 months in the car business I averaged 10 grand a month, so I know it can be done. Additionally that was my first sales job.

Of course, your first 6 months. Not your first 30 days, though, correct? I was pulling in 10k a month at a point as well. OP said "the next 30 days" so I was speaking of 30 days from now, ground zero.

 

[Spoonman]

Me too, quit being a F*cking victim. Its hard work, do it or don't. But don't play like you have it harder then everyone else, and it's somehow easy or instant for us.

People like yourself read whatever they want into the things that people say. I would never knock anyone for living on Ramen in a 1 bedroom apartment while they build their business in their parents garage. My point is that not everyone can live that way while they build from the ground up.

Call it life style servitude if you want, but everyone has a lifestyle to maintain. I won't watch my kids eat Ramen because I want to get rich quick. I'd rather have 100,000 saved over the course of a year to fund my projects and cover my nut.

Check your ego, yours' are the worst kind of posts to read in this great community.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Spoonman]

Of course, your first 6 months. Not your first 30 days, though, correct? I was pulling in 10k a month at a point as well. OP said "the next 30 days" so I was speaking of 30 days from now, ground zero.

First month was over 11,000 in commision and bonuses. Worst month was 7500 and that was january. Slowest month in the car biz.

 

[Raoul Duke]

People like yourself read whatever they want into the things that people say. I would never knock anyone for living on Ramen in a 1 bedroom apartment while they build their business in their parents garage. My point is that not everyone can live that way while they build from the ground up.

Call it life style servitude if you want, but everyone has a lifestyle to maintain. I won't watch my kids eat Ramen because I want to get rich quick. I'd rather have 100,000 saved over the course of a year to fund my projects and cover my nut.

Check your ego, yours' are the worst kind of posts to read in this great community.

Weak mindset.