Mobile Car Wash Companies; Trading Tips
If you run a mobile car washing firm we recommend trading for as many products and services as possible. You should trade for both personal and business items. You need to keep in mind that your gross sales will go down as you do this because money will not be taken in for these services you perform. You will however, notice a significant increase in your standard of living. This is because you will generally end up trading: Wholesale To Wholesale; Retail To Retail; Retail To Wholesale; Wholesale To Retail In other words, if you trade a pair of shoes which costs the shoe store owner $15.00, which he usually sells for $45.00, for a wash and wax on his car which costs you about $11.50 (including labor, product, soap, eater, etc.) which you usually sell for $50.00, that is wholesale to wholesale. ‘$11.50 of your cost for $15.00 of his costs.’ This is the best way to trade. You basically are out your time, which you value at $11.50. The shoe store owner loses nothing because he got a $50.00 wax job for $15.00. Everyone is happy. Trading retail to retail is by far the easiest. This is trading the $50.00 wax job for a $50.00 pair of shoes. It’s really easy to figure out and very easy to sell. Both parties walk away feeling good. When you trade retail to wholesale, you really come out ahead. For example, if you wash the shoe store owners car three times which equals $15.00 worth of your services at retail for his wholesale cost of $15.00 for the shoes, you really win big. Your cost for three washes is $1.13 times three, which equals $3.39, your actual cost and he gives you a $45.00 pair of Nikes. Excuse me, but this is a great deal. The only problem is that it is too good of a deal, so give a little extra. Wash his manager’s car and a customer who buys three pairs of shoes while you are there. Tell them “Since you are such a good customer of Sam’s Shoe Store, I’m going to give you a free car wash.” This makes Sam happy, the customer happy with you and Sam, and Sam’s manager happy with you and his boss. You will probably end up with four new customers from this deal: Sam Sam’s Manager Sam’s Customer A Referral Customer from one of the three Now you are ready to drive into the sunset sporting a new pair of Nikes, driving a mobile car wash rig. Try not to trade wholesale to retail unless you are doing it to kill time or for a family member. If Sam was your father it might be ok to take this scenario: Your cost for a car wash is $1.13. The cost for the Nikes is $45.00. $1.13 divided by $45.00 is 39.82, almost 40. That’s a lot of car washes for a lousy pair of shoes. Oh well. They are Nikes (the best) and Sam is your father. On second thought, we don’t recommend this after all. For instance: $ 5.00 Price Per Car Wash X 40 Number Of Car Washes = $200.00 Total You Would Have Made. You see you could have bought 4.4 pairs of shoes for that amount of money or some really nice expensive cowboy boots. So, our basic advice is this: “It’s ok to trade and it makes good sense, but please make sure it’s a Win/Win situation for every one involved especially the other guy. (Sam)” Lance Winslow is a retired Founder of a Franchising Company and promotes the Franchising Industry and Franchise Business Model at www.Franchising.org |
Other Trading Tips Articles
7 Great Money Tips To Lead You To Financial Freedom Regardless of where we are in life we can all learn something about money and how to better prepare for our future. Especially when we see that the national average is $10,000 in credit card debt and that savings and preparedness is dropping. This article can put you back on track to a more fulfilling and financially free life.1) Automa ...W.D. Gann Trading Methods - Genius Trader or Overrated Guru? W.D. Gann is one of the most famous traders of all time, and has a huge devoted following - however the fact is, Gann never made the huge profits many of his disciples claim.He did not have a success rate of 90%, as is often claimed - the logic his methods are based upon are unsound, and his predictive methods don’t predict - they leave e ...Trading Logic – The Key to Making Huge Profits Fast If you trade any financial market, you will be aware that the majority of investors simply don’t make money. It’s not because they lack trading ability – investors don’t make money because they don’t understand trading logic.A focus on trading logic is essential for any trader who seeks to make money. Forget, opinions and emotions, and fo ...Energies Update – Bank Profit or Wait for New Highs? If you have followed these energy updates over the last few days you will have seen our analysis that got us in at the bottom of the channel and has produced great gains.Unleaded gas has moved to the top of the channel and crude has also moved higher at a slower rate.The question now in unleaded gas is:Are we set for new hig ...Information For The Day Trader There are two basic types of financial orders. And one of them has established a complete new market opportunity; (day) trading.A market order is an order that has no price condition. This means that if you want to buy a stock on the exchange, you are indifferent about the price you are going to pay. In fact this is only relatively true, ...Choosing the Right Forex Broker Today's Forex trading is well known as a lucrative way to make money online. It became an essential part for investor's portfolio as you can simply gain thousands in minutes by trading currencies at home. For those who are new to the trade, Forex means Foreign Exchange Market where it involves buying and selling the different currencies of the w ...Identity Theft And Fraud Resources Unfortunately identity theft and fraud occur all too often. In case you need information on how to spot theft or fraud issues, how to avoid them and what to do if they happen to you, here are some handy resources. Some tips on surviving in the age of identity theft follow.Federal Trade Commission (FTC) Consumer Response Center F ...Car Loan Refinancing - When To Refinance Your Car Loan Want to save money? Lower your monthly payment? Then refinance your old car loan. Trade in your high interest rate loan for a lower rate, especially if your credit score has improved. You can also lower your payments by extending your loan terms, helping your cash flow.Trading In High RatesWhen rates drop, refinancing makes ...Stop Playing Games and Make Some Real Money! If you can play blackjack successfully, you can get an edge over the casino and make money.However, if you are playing blackjack successfully, you can earn far more money in a higher stakes game, with the skills you already have.Blair Hull was a successful blackjack player, and he was famous throughout gambling circles, and making ...Ten Tips to Build a Culture of Inspirational Leadership Leadership, leadership development and leadership training are “Hot” issues in today’s business world. A recent Internet search uncovered over 44 million hits on leadership, over 20 million hits on leadership development and 15.7 million on leadership training. Visiting an Internet bookstore revealed similar interest with almost 18,000 titles ...Seven Tips on How to Select a Domain Name Instinct or random selection is not how one selects a domain name. It is to be done with great thought and purpose. There exists a philosophy to it. Consider the following:• A common and sensible method would be to use the name of your site as the domain name. Like www.writerfind.com is a sensible domain for a site where one can locate wr ...Top 10 Tips for Getting Along with Coworkers Getting along with your coworkers is just as important as getting along with the boss. And because there are usually so many more coworkers than supervisors, it requires additional effort. As a rule, however, getting along is just a matter of tolerance, respect, and courtesy.1. Don't use coworkers as therapists.2. If you borrow it, ...Ten Ways to Manage a Rapidly Growing Business While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients. Both are serious issues and must be dealt with carefully. There are many lists on how to find new customers/clients. Here is a list of 10 ways to deal with a rapid influx of new customers. The goal is a steady flow of j ...(MT) $2000 A Day With A $50 Trading Float - What is the Holy Grail of Trading Like the Knights of the Round Table, novice traders often search diligently to find their own Holy Grail, the perfect indicator(s) that will lead them to fabulous trading successes. It is the silver bullet that will slay the market for them. But, searching for this elusive Holy Grail will only waste hours upon hours of your valuable time – and n ...Tips to Transform Your Scrabble Game Alright, so your mother-in-law, a PhD in English Literature, has challenged you, a lowly salesclerk at the local bookstore, to a “friendly” game of Scrabble. Sound like a hopeless case? Certainly not! More than just a rivalry of vocabularies, Scrabble is a game of strategy. Equipped with the right tricks, even a child could give your mother-in-l ...Currency Update – 5 Trades Correct Last Week, What Does This Week Hold With our currency update last week we had some great trades and while we were right, we also know that if we were wrong, our risk was small for all trades entered.We have had some fantastic profits last week but that’s the past, let’s look at the currencies this week and what we think will happen.Our view last week was the longer t ...Advisory Services Several times each month I am solicited by various market touts who have a newsletter service, faxes or emails they are willing to send me to make me rich. That sure is nice of them.The first thing that pops into my head is if this system is so good why are they willing to share it for the lowly sum of $350 or $19.95 per month or some ot ...Psychology - How to Reduce Negative Thoughts Relating to Trading? The thinking process of the brain relating to the psychology of trading involves:-- Beliefs -- Feelings -- Values -- Dispositions and -- FaithThe positive or negative energy brings power to a person's actions, which ultimately determines whether a person is a winner or a ...How and When to Invest in the Stock Market As the world economy continues to grow, more people than ever are turning to the stock market in an effort to find ways to make their money work for them. Unfortunately, not everyone is able to master the market effectively. To help you to make sure that you get the most out of your investments, the information below will provide tips for when, ...7 Ways To Make A GREAT First Impression! 1. Focus on the other Being known as a 'natural' at interpersonal communication is not just a gift that a select few enjoy. We can all enjoy the reputation of being 'a great communicator'.Simply focus the conversation on the other person. This takes the pressure off you -- you don't have to be a witty bon-vivant to be a great ...5 Tips to Ranking Well at Search Engines Do you have a product or service that you want to sell on the Internet? If so, there are a few fundamental components that you must know. Putting your product or service up for sale is easy. You can find a cheap hosting plan and get a 1-5 page site up within a few hours. But what happens next?Unfortunately, most businesses will never ...Effective Meetings - 7 Top Tips Meetings, meetings, meetings – they are a fact of business life, yet how often are they a productive use of your time? Many of us dread them and with good reason.I know a hugely successful businessman who once told me the secret of good meetings is never to let people sit down – I’m still not sure whether he was joking or not!But ...Fibonacci Numbers – The Secret Of Better Market Timing & Profit Potential The Fibonacci number sequence and golden ratio is important throughout nature, but traders such as W D Gann made great use of the sequence as a trading tool.The numbers helped make Gann millions in profits and are useful for any trader to maximize profits.So what are they and how are they applied to trading? Let’s find out:S ...Globalization At the beginning of this century the world society has faced with various crisis phenomena and their consequences of different character: international, systematical, social and economic, political, ecological etc. Such processes also take place in social and cultural, religious and inter confessional relations, in difficult interaction of mora ...Futures Trading Index Trading commodities at a fixed price on a future date is known as futures trading. There is no actual buying involved, nor does the trader own anything. Future traders speculate on the future direction of the price of that particular commodity. The terms "buy" and "sell" are used to indicate the direction that future prices are expected to take. ...Online Trading : Three Ways To Make More Money Online Many people today are rushing to get started in the investment game by opening online trading accounts with the largest brokers in the USA today. However, many people are also losing money each day due to either a lack of trading knowledge or merely having the gambling mindset when doing online trading.This article highlights there essen ...A Disturbing Trend: Americans Spending Less on Food and More on Medicine According to the U.S. Department of Agriculture, the amount of money Americans spend on food as a percentage of disposable income has dropped from 15.4 percent in 1980 to 9.9 percent in 2005. It’s clear with all the super-sizing of portions and waistlines; we’re not eating less we’re just eating cheaper. High calorie, nutrient deficient proces ...Gold is Where yo Find It There are many ways to own gold, many forms: jewelry, bullion, coins, mutual funds, gold mining stocks (indirectly) and ETFs (Exchange Traded Funds). The latter are similar to mini mutual funds, but usually have few stocks and they remain constant rather than have internal trading as mutual funds do. So you can own gold. So what? Why bother when ...Are Technical Indicators Such as the VIX a Reason to Get Involved with a Stock? Once in a while the technical indicators start making news. Whether it's the VIX, or a moving average, someone picks up the story and soon it's on CNBC or Bloomberg as the news of the day. So, as an investor one has to ask, "are technical indications really a reason to buy or sell?" In some respects the answer is no, since "investing" is somethi ...Insider Trading - Blogging That Might Be Risky Business Web logs are growing at an exponential pace on the internet, with an unpredictable and dramatic rise in new users and new services. A study by Jeffrey Henning recently predicted that there will be a total of 53.4 million blogs by year’s end, with thousands being created weekly. But it’s what these blogs contain that interest traders.Blogs ...Stock Options Trading Speculative activity is carried on stock exchanges through options trading. An option in the stock exchange terminology means ‘a right.’ In an option deal, therefore, the right to buy or sell a certain security within a certain time and at a certain price is purchased from a dealer. It may be an option or right to purchase securities, when it wi ...Arbitrage Trading Home Business Many people today are looking for ways to earn a little extra money working from home. Maybe you are on of them. I know I am always on the look for new and exciting ways to earn some money working from home.That’s what I am writing this article. To tell you about Arbitrage Trading and SureBetPro, and how you can use them to ...Candlestick Charting – Adding a Visual Dimension To Your Trading Candlestick charting is great for traders wanting an extra edge in their quest for profits - this is due to the way the candle bodies are drawn, that gives a better insight that is visual, and shows trader psychology.More traders than ever are using candlestick charts due to the extra trading edge they can get with this form of charting - ...
|
