The Double Challenge

The Experiment: Find a penny, and find a way to double it. Then keep on doubling until I have enough money to pay off my mortgage.

Saturday, April 28, 2007

Cashcomrade.com!!!!!

Well, like a said a few posts back, I have purchased my first domain name. Introducing CASHCOMRADE.COM!  I'm actually very proud of the name and am somewhat surprised that it was available.   I have to give credit to my beautiful wife.   She's a whiz with words.   I have big plans for this site, but it will be a slow evolution.   For now, it is a great place to host my Financial Spreadsheet sales page.   I have automated the purchasing process so I can sell these things while I sleep (I hope).   All I have to do is work on the marketing (which is really what I am working on, although it is bigger than that).   I would appreciate any comments you may have on my sales page, as this is the first one I have put together.   I'll tell you more once my next product becomes available.  

Flip

Monday, April 23, 2007

Sold Another Spreadsheet

Well, it's been a while, but I sold another spreadsheet. That brings the total to 5 spreadsheets I have sold. My new "Big Thing" addresses a better way (hopefully) of marketing it. Back at it...

Flip

Thursday, April 19, 2007

Big things happening

I have something big in the works and have even made the big step of purchasing my first domain name. I'll let you know more when I have things more in order. I'm trying to follow the example of other internet marketers I have seen. We'll see if it works or not. Thanks to Arkad at The Richest Man in Atherstone for selling me some nice cheap web space and Blondie at The Million Dollar Journey for helping a newbie like myself out. I spent $23.36 on the web space and domain name, but also used some of my US money in paypal. I've updated my total and US Asset dollars. I'm not sure how long this is going to take, but I will try my best to get this new idea up and running as soon as possible. Wish me luck!

Flip

Tuesday, April 10, 2007

New Level Strategy

Now that I am on a new level, now is a good time to evaluate my strategy for this level. Looking at the different methods I made money, here is the breakdown of my incomes (I won't consider e-book expenses because they are already paid and won't need to be paid for this level).

Buying and Selling Physical Items - $458
Selling my Financial Spreadsheet - $29
Donations $8
Other means - $0 (I've since sold a $7 Secrets book for a profit of $6.50)

Clearly the overwhelming success has been buying and selling physical items. If I did it once then I can do it again to double to the next level. The problem I see is that although, this seems to be a good source of income at this level, I think this method is limited. I only have so many hours in a day to go and find good items. I will likely get to the next level this way, but each level will be more difficult this way until it is completely a waste of time. If I solely concentrate on this method then I will have a LOT to learn when I need to change strategy. I still believe that Internet Marketing is the way to riches - I just have to find out how. (Any tips would be appreciated.) I think I will expect to clear this level by buying and selling things again, but I will also work in the background on learning more about Internet Marketing. I think I may splurge for a domain name and web space since I can't seem to get my free space with my ISP up and running. I'm off to try to sell those free clubs I have. Later,

Flip

Monday, April 09, 2007

Sold a $7 Secrets book!

I sold a $7 secrets book! Yippee! I paid $7 USD for it and now have my $7 back minus the paypal fees. ($0.50) If I sell one more then it was a good buy. I still haven't taken the time to apply the technique to my spreadsheet. It is on my list of things to do. The problem is that the money is in paypal in US dollars. Since my blog is in Canadian dollars, the Canadian value is going to change day to day until I withdraw the money, so how do I represent this? I think I'll have to just put a US dollar section on the side until I withdraw the money. Remember, this sells with resale rights, so if you buy it off me then you only have to sell one to get your money back (minus paypal fees)


Friday, April 06, 2007

NEW LEVEL and a MASSIVE DONATION (sort of)

I just received a massive donation from the site, One Green Paper Flip. I should probably mention that I am the owner of that site. The bottom line is that I am having trouble maintaining both sites and that one is really similar to this one in that it has the goal of making money to pay off my mortgage. Now some of you might think ,"Hey, you can't do that. You're cheating!". I assure you I can and in fact, I have. Check out this link where I discuss my reasons and how I justify to myself how I can do this and still call this a doubling blog. I am treating it as a donation from a third party and since this is still money that is outside of my normal life, this is acceptable to me. I'm going to be happy not having to decide if a purchase is for one blog or the other. So... I guess that means I have... ahem... achieved (can I use this word?) a new level. I am now on $415.56 to $833.12 I guess I should start thinking of a new strategy for this level.

Flip

Thursday, April 05, 2007

More Rental Income

I can't believe I have two rental income posts in a row. I guess that says something about how little I have been working on this project. The reality is that my real life has been super busy lately. I am moving, doing my taxes (who isn't?), work is insane and I have a 1 year old. I have about 25 seconds per night to work on this so I guess that explains it. I am hoping that with Garage sale season upon us I can make some real leaps and bounds. Anyway, I have an extra $5 for storing my neighbor's jeep, but the bad part is that he has now taken it out because the weather is nice. Stupid nice weather. No more rental money for me.

Flip