"Money Doesn't Grow On Trees."
Some of us even believe it. An orchard owner would say the statement is wrong.
His profits grow on trees?
As small business owners we are similar to tree farmers. We plant and nurture trees knowing that they will bear fruit. Some business owners grow trees with the idea of selling them when they start to produce fruit, but most of us build our orchards with the intention of selling the fruit.
In the early stages the trees require much tending. Later as the trees mature, they require less effort and produce more fruit.
How many trees are in your orchard?
My trees are designed to produce a constant stream of fruit with little oversight. This means once I have planted the tree I can move on to the next project.
Here's an example. I write ebooks. These are simple, tightly written reports on specific subjects. People buy them and then download them to read them. Each ebook explains a solution to a problem or a outlines a method to accomplish something.
For example my eBay Consignment book explains consignment sales and includes material on finding consignors. There are also contracts, templates of ads, and inventory sheets. Basically everything is included a reader will need to successfully start an eBay Consignment business.
This simple ebook sells itself. Or rather, there is a small army of affiliates who promote it constantly. It took me thirty hours to write the book and about 20 hours to get the marketing push started. It still sells well and I still harvest the profits.
The eBay Consignment book is just one tree in my orchard. Every six to eight weeks I plant a new tree. Some trees die before bearing fruit, others are stunted and produce weak fruit, and a few trees produce large amounts of fruit.
Years ago I was focused on the big trees. In fact I was so focused on the big trees I would chop down any trees that did not produce spectacular results. I never really got anywhere. I made money, but constantly switched from one project to another abandoning them as I went along.
I never spent the time to nurture and grow my orchard. I actually abandoned projects that were producing thousands of dollars in monthly profits because I wanted something bigger.
Two years ago I saw the error of my ways. I looked back on the things I had dropped and realized that as a group I had a nice collection of income streams. The whole group as an orchard was a good thing to have.
You see, I had the common misperception of entrepreneurs. I suffered from the wage slave lottery mentality. I thought the only way to break out was with a big one. Kind of like the guy working at Wal-Mart. His only chance of getting anywhere is to win the lottery. I wanted the big one. The project with the huge payoff.
Anything less than spectacular was not good enough. My expectations were too high.
This is not how it works. You have to plant your trees - learn your craft, and hone your skills.
Many new businesses fail because owners do not spend the time to nurture them. Years ago, I read a book called Acres Of Diamonds by Russell H. Conwell. It is actually a motivational speech Conwell gave thousands of times.
Anyway, Conwell shares a story about a many who sells his land to go elsewhere and search for diamonds. The man was obsessed with finding diamonds and becoming rich. After traveling for years the man gives up and commits suicide. It turns out the land he had sold to go prospecting was filled with diamonds.
The man spent years looking for something that was right in front of him. Conwell goes on to share stories of people who found immense success right in front of them.
This is not uncommon. Many of us learn to look for success outside of ourselves. When it is standing right in front of us.
I have changed my attitude and now look at myself as an orchardist. I tend my orchard, planting new trees and nurturing the fruitful. As my orchard grows so does my income.
Plant your trees and nurture them.
Terry Gibbs
About The Author
Terry Gibbs is the author of 13 books and writes a free monthly newsletter about creating and selling information products. You can read more about Terry and sign up for his newsletter at: http://www.nalroo.com
![]() |
|
![]() |
|
![]() |
|
![]() |
What does becoming rich mean to you? Is it early... Read More
Many people don't realize how much money they spend on... Read More
Have you ever asked yourself what your highest income producing... Read More
Points to ponder as you consider what can be done... Read More
There could not be a better time to mull over... Read More
The cashflow board games, Cashflow 101, Cashflow 202, and Cashflow... Read More
Results from a new tool developed by UK based firm,... Read More
I want to share an experience I had in common... Read More
A mole travels one road, according to the way nature... Read More
Let's begin this lesson with a definition of the term... Read More
Many of us do not consider the underlying belief system... Read More
Feel like a lemming lately? Ready to follow the crowd... Read More
"My people are destroyed for lack of knowledge." Hosea 4:6... Read More
Loose change that is, if you want a easy way... Read More
When you purchased your home, you most likely got a... Read More
For most of us, the idea of retiring simply on... Read More
Every day you work is one day closer to your... Read More
Is accumulating wealth as easy as following a 3-step plan?... Read More
Steve Martin once delivered an opening monologue for Saturday Night... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
As you sit in traffic, inching along between irate drivers,... Read More
Let me ask you a very simple question. Do you... Read More
Before I had a lot of money, I was really... Read More
This new way is catching on around the world. People... Read More
I am often amused by the ads and offers I... Read More
Most accountants, financial planners and wealth-building experts agree that there... Read More
I have a good friend who works in an area... Read More
In theory the idea of generating additional (and passive) business... Read More
From tender age, we were exposed to myths about money... Read More
When I was a student in London, I had a... Read More
It is sometimes pitful how many projects are never born... Read More
To lose weight in the 80's, we went on low-calorie... Read More
Money can be your servant or it can be your... Read More
Why not run a lucrative paper business? Paper businesses do... Read More
The idle are a peculiar kind of dead that cannot... Read More
An ellipsis to your success is hidden in the word... Read More
Here are some thoughts about the morphing of thought and... Read More
There is perhaps no more important decision than to take... Read More
You have $100 in your bank account, your rent is... Read More
We will start the Financial Fitness System with the assumption... Read More
We talked recently about the wealth formula:Spend less than you... Read More
The inability to come up with the necessary cash when... Read More
My First Million took me exactly 27 months to achieve.... Read More
I'm constantly reading articles on the internet and in financial... Read More
Many people don't realize how much money they spend on... Read More
Self-Made Millionaires are not smarter or better than you. They... Read More
It is sometimes pitful how many projects are never born... Read More
It's no secret that the market goes UP...the market, goes... Read More
The fact is that most people continue to work for... Read More
This article focuses on generating cash as a full time... Read More
Very few people whom I know are familiar with the... Read More
Parents must give serious thought to protecting their family through... Read More
When I was a student in London, I had a... Read More
Want to be one of the lucky ones on the... Read More
Planning for the undesired, accidents and possible unknowns in life.... Read More
Although there are advantages to selling other people`s products and... Read More
Is it hard to get rich? If you're young, not... Read More
Financial planning is an ongoing process individuals and businesses should... Read More
U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More
The four main steps in building a wealth cycle foundation... Read More
The rewarding of high compensation packages to top executives who... Read More
Paper burns and large companies can go bankrupt, but if... Read More
"Money Doesn't Grow On Trees."Some of us even believe it.... Read More
In his best selling book, "Rich Dad, Poor Dad, Robert... Read More
"Join our program and retire in 3 months..." yeah, right.We... Read More
"Ooooooh," you may say, "I could NEVER be good at... Read More
Wealth Building |