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The Doubling Challenge - Finally above $1500 :)
2007-08-31 04:00:00
In the last week I sold one of my vending machines, a few watches and some CD-ROMs.Apart from that I am working 4 mornings a week, getting the garden ready for spring, running my other business, painting and working out my next doubling purchase !Busy times !!I've already decided on a course of action when I get to $2500 and it will be perfect timing for Xmas (hopefully !!).Lately I've actually been checking out all the great online closeout sources in the USA. People over there are so lucky ! Many of them offer free shipping to the contig. 48 states and you can sell the items on eBay at lower than retail and still make an excellent profit !It baffles me as to why most people aren't doing this, but I guess everyone has a different path :DFound another nice little niche product the other day... I actually got it off an ebay seller who made a nice profit on a case of 12, but I can still make more than double by reselling them in NZ... so many profit opportunities, so little time !!...
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Double From A Penny To A Million - Auto Pilot !
2007-08-18 23:32:00
I just checked and it's been almost 1 month since I posted !!Just wanted to update here.I've brought in some more watches, developed a few more products and now my sales are pretty much on auto pilot :DAfter I reached $1300, I spent some on more CD roms (another 100) and more watches. This brought my total down to $800 but my assets went up to a minimum of $2250 (remember, this step I am aiming to have $2500).Since then My sales went kinda' crazy !!My cash total to date is $1113.25The most popular product has to be the Anne of Green Gables Audio book I have.I didn't count my artworks in the assets total, but I have managed to do the $0.01 Australian and am doing the 2c now. When a few more are completed, they will be released :DLater...Rachel.
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Double To A Million - Tag Those Humans...
2007-07-24 03:45:00
8 Random Facts About Me I have been 'tagged' by Rachel and am now required to give some random facts about myself...Phew... Here goes. 1. I have 3 brothers & 2 Sisters All older than me2. I collect 1980's Glo Friend figures3. My pets are 1 Bullmastiff, 4 Black Moor Goldfish and 2 Celestial Goldfish4. I grew up in Australia so now I have to fake support for the All Blacks...5. I'm a compulsive Learner6. I spent 6 years at Uni studying Graphic Design, Law/Psychology & Genetics7. I've found the local dump is an endless source of firewood8. I don't believe Pink is the new Black.Now you know more about me than most humans !! My tags are :1. The Double rs' Den - A Place for all Doublers2. Another NZ Artist Tracey McDonald3. FireDocs Remote Viewing Info4. Blondies' Doubling To Million s5. Fyonnas Penny Project And in doubling News....I have just bought another lot of watches as the NZ dollar is up to 80c against the US dollar :DThats ...
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Double From A Penny To A Million - More Sold
2007-07-19 00:17:00
Uggghh !Stupid winter and it's stupid flu... Is it even possible to catch 2 strains of the Flu that are not covered by the Flu injection ?? Perhaps I'm just super lucky ;)Anyway, I've sold 2 more torches which adds another $20 to my total so I'm at...$1302 I think !I'll be advertising the vending machine/s this week and we'll see how that goes. If I were to sell all of them at my asking price, I would have $1900 pretty soon....OK, more later... Need coffee & drugs......Rachel.
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Double To A Million - Update
2007-07-16 03:56:00
Ok, finally an update !!I have had 3 viruses in a row, the first for 9 years !!The worst of it is, that I have a flu shot every year (my dad needs to be protected from the Flu....) and it has worked at keeping it at bay.This year, I have had 2 bouts of the flu and one throat virus.Doubling-wise.... I have sold quite a few goods that operate on auto-pilot, such as the CD-roms & torches.I spent $216 on the 3 vending machines and have made up $220 with the machines yet to be listed for sale.My total is then $1284I've been painting the Aussie Coins for my Coin Art, so we will see how that goes...Rachel.
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Double To A Million - New Assets ect..
2007-06-08 04:25:00
Double To A Million - New Asset s ect..So, what have I been up to ?Well, this has been an exhausting week :) After reaching the $1280 mark, I decided I would have to make both larger investments and passive investments.After checking up on Trademe for how my painting was doing, I noticed an ad for a vending machine.I spent a day or so going around the forums and getting opinions on ROI and profit margin from these machines.It seems that people have to pay between 0-40% to the business or place where they are placed.Most seem to earn between 40-80% profit on the items sold.So to me,I figure if you get a machine cheap enough, pay only a smaller percentageto the business owner and sell high profit margin items you may do a lot better than putting your stake in the bank.I currently have $300 of my doubling stake in RaboPlus. On the first 20 odd days I earnt $1.31 in intrest which is pretty good ! I thought I might look into investing $300 into vending.After having a very good look around...
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Double to a Million - STEP 19 REACHED !!!!!!
2007-06-02 02:05:00
That's Right !!I just got home from my once a week chef job, and Sally (The Best Boss Ever...) Traded me some old coins that could only be cashed at the reserve bank.I got lots of coins and a cool old New Zealand Five Dollar note ! That brought me up to $1282 and I'm taking the $2 out as the rules state !!I keep a DYWTAM list on my wall and tick off each step as I go.I was just updating it and I noticed the difference between the last step and the first ones.For steps 10 through 15 I sold a few CD Roms, some seconhand stuff, but mainly 1-5 items per step.I've just realised that in this step I used the following income sources;WatchesCD RomseBooksAudio CDsNew Goods that were sold on for between 2-5 times what I paidSecondhand goodsDump goodsDonationFound moneyAdvertisingQuite a list !!And for this step I get to add art works as well !Later,Rachel.
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Double To A Million - Update
2007-05-31 01:13:00
It been a busy couple of days ! My "20 Cent NZ" painting sold for $51 and the buyer of the 2c decided he wanted 2 more !After buying the 10 canvas' and auction costs ect... I am 76.95 in profit !I'm not going to add that to my stake (although it is awfully tempting !), instead I'm buying the next 10 canvas' with it so I can start on the Aussie coins and everything from there will be profit !The buyer of the 20 cent painting decided she wants the Kiwi one, so The Pukaki is listed on trademe here;http://www.trademe.co.nz/Browse/List ing.aspx?id=102454427I'm also going to be putting in another watch order in a week or so.And the "$2 NZ" has been submitted to an art comp ! (The pic is so crappy, it will be a miracle if it gets accepted...)SOOO BUSY.......Hopefully by next week I'll have the Aussie coins started.I have also sold another watch which will take me to the next step, but I want to make sure it's paid for before I announce the next step :)Later,Rachel.
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Double A Penny To A Million - Passive Income
2007-05-29 00:58:00
The value of passive income has always been apparent to me, but now having my doubling project almost up to step 19 I'm seriously thinking more about this.Apart from interest and property (which are out of the question at this level...) the other thing I know that works is digital products sold by affiliates.After agreeing to auction some goods for someone for a commision, they mentioned that they had written and self published a couple of books.Now these books are in an interesting and highly popular niche area...which got me thinking !I'm considering digitising these books and submitting them to clickbank.The author is happy to do this as she wasn't sure how to proceed. If they are successful, I can take a percentage commision... hence, passive income.Obviously this depends on the market and the affiliates who sell the product.My second auction for a painting based around this concept is due to finish on Wednesday, and hopefully this will allow me to buy some more canvas to sta...
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Doubling Challenge - Sponsor ; NationalPayday.com !
2007-05-25 07:22:00
Recently I was contacted by someone who expressed interest in buyingsome ad space on The Doubling challenge.Naturally I checked out the site and something just hit me !Another lightning bolt.The site was www.nationalpayday.comBasically what they offer is money to tide you over until your paycomes in.While I realise this can be dangerous to some who have issues withdebt, it can be an incredible thing if you have a very tight budget.For example, a family who have just had to pay for school camps, have adog who gets run over.The dog needs a pin in the leg and the family doesn’t have petinsurance. They have just spent their liquid income for that month andneed to wait 3 weeks to pay the vet.Vet says ...No Deal !What do you do ? www.nationalpayday.com allows you to borrow this money right now fromthem and simply pay it back on your payday !The advantage of this service is that you pay just a small fee ratherthan putting it on a credit card which you may forget to pay offimmediately o...
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Double To A Million - Totals Adding up...
2007-05-24 07:46:00
Wow, I've had a good day !I've sold another CD-ROM and a watch and best of all.... I've had the payment from a company who approached me to write about them and have 6 months worth of advertising on this blog :DMy total is now; $1195.20 !!!!!!!!!Not too long until I'm at the next step. I thought I would never pass the $1,000.So much thanks goes to Melissa at www.nationalpayday.com This advertising revenue has really helped and I have a post coming about their company... quite an interesting read over at their website. Includes lots of articles on money management ect...I'll be adding my post soon about them :DLater,Rachel.
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Double To A Million - Small Update
2007-05-23 00:25:00
Ok, I've sold a couple more things which brings my total up to.....$998 !!I may have more to add today though :)Rachel.
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Double Your Way to a Million - Progress
2007-05-17 06:25:00
Double Your Way to a Million total is now $970 and with a little luck, I should be over the step step very soon !I did sell my first coin painting, but haven't included it as I wanted to make sure costs were taken care of first...I'm concentrating on putting together a few more CD-Roms so I can have a catalogue of them for sale. Now I've conquered the "burning for all platforms" thing, they should go well.All three of the cake moulds sold and the experiment goods will get their own post later. I've just been a little busy lately.Rachel.
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Double Your Way To A Million - Another week, Another Idea !
2007-05-04 03:24:00
Double Your Way To A Million - Another week, Another Idea !This week I've been working on a more long term project to bring in money to the Doubling Challenge.I realise that when creating artwork, you can only do so much for your time to be worthwhile so I have gone with an idea I've been thinking about.After doing extensive "research" (a day of checking out art sites on the web !), I don't think my particular idea has been done in this way.On 12"x 12" stretched canvas I am painting, in oils..... The coins that so many overlook.It occurred to me that so often when you ask someone what picture is on each coin that many can only answer a few correctly.The first coin is the NZ One Cent (before being pulled from circulation it was copperish with a fern on it. This one is completed but not for sale :DThe second is the now also extinct Two Cent Coin. It has Kowhai flowers on it. These are a yellow bell type flower on a large tree. It is for sale !The Five Cent is a work in progress (st...
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Double Your Way To A Million - Selling, Ideas and Stitches ...
2007-05-03 00:45:00
Double Your Way To A Million - Selling , Ideas and Stitch es...The last 2 weeks have been very interesting.Remember how my dog cut herself and got 6 (not 5 !) stitches ? So far she has managed to pull 5 of the 6 just by being a crazed Bullmastiff. She is going to have a nasty scar but luckily I've never been into showing dogs !!Everystep I reach on this doubling journey, I reveal a little more about myself. The last step I put a pic up which is very frightening :DI'm going to break that now and tell you that I'm also a closet artist.My Grandmother was a fairly prolific artist here between the 60's and 80's... Pearl Daniels(If any NZers have a Pearl Daniels painting that I don't have already I would be interested )Well anyway, I was a self taught artist until I did 2 years at high school and then studied a bachelor of Graphic Arts.At The Doublers Den people were chatting about selling sketches for their doubling stake and Arkad mentioned 1,000 paintings. This guy put blue numbers...
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Double To A Million - It All Ads Up :)
2007-04-26 06:43:00
It's true, it all ads up !I've sold another few torches and cd-roms and I'm creeping up to $800.It occurred to me when I looked at my feedback on Trademe that it's taken about 100 transactions to get to this level.If I were to keep this up, I would have to do 125,000 transactions to get to a million !Ideally, I would like to source a product or information item that will consistantly sell for around $100..... The more profit margin the better !This brings me to my next project.What is worth less than it's worth. Is tossed aside, but creates joy when it's found ?I've always thought the simple coin was highly under-rated. My next item for sale will feature this much loved item :DOh, and before I forget... Just wanted to mention a great place to get your Website names/addresses from.They only cost $4.95 USD (for a year) and come with free hosting.Check it out by clicking the little red sign !!Rachel.
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Double Your Way To A Million - Dog Related Setback...
2007-04-22 02:00:00
Three days ago I was quietly answering auction questions and counting my gold...(kidding !) when I noticed my Bullmastiff pup doing something odd.She was quiet !I turned around and she was in a pool of blood and was happily licking her paw.On closer inspection it looked more like the Texas Chainsaw Massacre so I got something to stop the bleeding.After about 15mins and the bleeding not stopping, I called the vet who just happened to be in town right then !He wrapped it, but I had to run her into the surgery (1/2 hour away) to get 5 stiches put in her foot, just above the pad.After having a good look around, I realised the little monster had tried to "dig" a broken bonsai pot. The glaze would have sliced right through her paw.It turned out to be a pretty deep cut and now we are just trying to keep her busy so she doesn't chew on the bandages.Poor Chloe.She, of course, milked it for all she's worth :DOn the plus side, I found 80c and sold another CD-ROM.OK, there's a pic up now.....
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Double To A Million - How To's...
2007-04-15 01:07:00
My stake is gradually creeping up by $10-$20 per day now which is nice.If you look at my total sometimes, it looks as if I'm lower than the level I say I'm at.This is due to me investing some of my Stake money into goods that will sell, to bring me to the next level.I just wanted to clarify this for the uninitiated :)Reading a reveiw that was done on this site, I also thought I should clear up a few things also.Even though I'm in New Zealand, most if not all of the things I have done to reach this level are do-able in any country.You may notice that the bulk of my funds come through selling on TradeMe (The New Zealand version of eBay).What I don't mention is that everytime I consider buying something, I search through all the live listings and then all the expired auctions to get a good idea of whether the item will sell.I'll get the number of closed auctions for the item I am considering selling.The number of goods that have sold above or at reserve and the amount of times the...
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Double Your Way To A Million - New Assets
2007-04-12 00:30:00
A few days ago I tracked down something that i thought might sell well.I was right.As you can see from my accounting on the side, this was quite a windfall !!While I'd love to share all the impressive details with the world....You'll all just have to wait for the book :DOn this journey you learn a lot of things, but one I'm just hitting now is "the trade secret". My father defines this as something you find out due to dumb luck and keep it secret for fear of losing the advantage. I concur !With a little "luck" and some aggressive marketing I could reach the next level in a few weeks.Good Luck everyone !Rachel. src="http://pagead2.googlesyndication.com /pagead/show_ads.js">
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Double Your Way To A Million - Easter Update
2007-04-08 03:19:00
So, yesterday I spent $23.50 of the stake money on the goods in the previous post. It would have been less, but I decided not to interfere (I didn't haggle when I normally would have...very difficult :D).The reason for not haggling was simply to prove that anyone can make a profit by selling anything.You don't have to be hugely creative or innovative...Just buy something that will somehow make a return on investment.I've already sold the digital phone for $8 which puts me ahead a few dollars as I also sold one of the silicone cake moulds.I'm also thinking of having a $1 RESERVE week on my auctions to bump my stake up a bit.I want to be at the next level soon !Later,Rachel.
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Doubling Strategy - Just Double It !
2007-04-07 04:35:00
Today was our annual Lions market day in my town.Basically, the Lions club collects stuff from people and sells it or auctions it on Easter weekend.What I wanted to do was get a bunch of things...quite a random selection... and simply see how easy it is for absolutely anyone to make double their money.I'm giving myself a week !!So what did I get ?1 Fax/Copier1 digital cordless phone1 Atari System with 2 joysticks & 2 games5-6 sets of plates to be cut into mosaic tile pieces2 CDs1 bag of knitting needles7 Woods & Soms plates3 photo albumsAn unusual mix of things, but I figured if I could double my money on these, then there would be no excuse for anyone !Funnily enough, as one pair of women walked past me they said, "Oh, a tent full of junk we can't use" I had to laugh to myself.Anyway, I'll update this little experiment in a week including prices ect...Stay Tuned,Rachel.All-Blogs.net directory
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Double Your Way To A Million ! Sales
2007-04-04 06:23:00
Well, I've sold a couple more watches which brings my total up to $722.I went into town yesterday (We travel 75km to the nearestcity to do food shopping) and came accross a few things that I knew were popular on Trademe. I've listed a couple of Audio Books and a couple of other things....If you want to check out my auctions my personal ID is Abeyance and the auctions are HEREI've also gotten some great ideas to lead me into the next step.More later...Rachel.
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Double Your Way To A Million - Help From The Universe
2007-04-01 01:54:00
I kinda' want to share something that happened 2+ weeks ago so that if anyone reading this is in the same position, they can have hope !About 20 days ago, due to my doing a small course, I realised I had to pay off my debts and become totally debt free...and quickly. (If you've read the same course, you'll know what I'm talking about !)I made that decision vocal, I told my Father and went straight about making it happen.9am the next morning I got a call from one of our local cafes and they asked me if I could work for them for 4 weeks or so as they needed a fill in Chef.Due to my decision, I wasn't about to say no to an extra 20 hrs a week so I said Yes !The next day I got a call from a market research company who were coming out to my town and wanted to pay me $50 for an hour & a half of opinions.Again, I said yes.Some of you will have seen the doc/film The Secret, and the past 3 weeks have really made me think more about this law of attraction.The strange thing is, this k...
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Step 18 REACHED !!!!
2007-03-28 02:18:00
Step 18 REACHED !!!!That's right :) Last night I sold 2 more watches and that took me to a total of;$644.85So I'll take out the $4.85 and now my target is $1280.In celebration, I'm making an offer to other doublers...I have $5.83 USD balance in my paypal account. The first person who can tell me how to code my page so I have a table to the left that I can put things in...gets it !!I want to keep the same page layout, but have the opportunity to put things down the side like ads or whatever :)My page just uses the basic html coding, not the fancy new blogger layout.I could work this out in Dreamweaver, but the simple fact is I'm just too lazy !So, who can help ??Rachel.
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Double From A Penny To A Million - Weeks End Acounting
2007-03-26 02:08:00
Hi All,The end of the first week of watch sales is coming to an end.I have sold;2 x Baby G1x Gold Timex1x Data-link1x Purple Minnie1x Musical MickeyPlus3x CD-ROMsThat's a total of $173 this week, bringing my total when the cash is collected, to $558.44 I'll up date the total on the right as the money comes in.So far it seems that my risk of buying more goods has paid off, I'm almost back up to the level I was a few weeks ago and I'm hoping to hit Step 18 soon... Then it's only 10 more (long) steps !!Rachel.
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Double To A Million - More Assets to Report
2007-03-22 04:31:00
OK,I have sold 2 of the new shipment of watches ( A data-link and a Baby G).I also saw a chance to get 3 silicone cake baking moulds for a good price that others may be interested in. I'll add a special CD-ROM filled with cooking recipes to sweeten the deal !I noticed that these have been seling from $40-$50 on Trademe and I can offer them at half price !We'll see how that goes.....I'm keeping my dollar total up to date on the right so you can see my progress at any time :)A couple more ideas.....If you have fish, read up on them and take notice when they spawn... You can sell the babies instead of letting the parents eat them.If there is a button or badge maker in your house, spend a couple of dollars on badges and offer to make your friends a badge with anything they want on it...for a small fee :DMore later !Rachel.
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Double Your Way To A Million ! Sales
2007-03-21 01:55:00
My first sale from this lot of watches was one of the cool Data Link ones. It comes with software and everything !!My total should start to creep back up again now :DThanks to everyone who said "get well" ! I still can't beleive I caught the Flu in Summer...Smacks a bit of "The Stand" :DAnyway, with the help of nice drugs all I have now is a raucous cough and a husky voice !I was going over my watch sales figures and I'm really quite happy with the percentage I get on them, but would like to impart a few words of wisdom;Always make sure you can afford to undercut the competitionLook for well known brands that are not copied or "Faked"Always factor shipping into the price of the goodsMake sure there is actually a market for what you want to sell.Price so that people are TRULY getting a great deal...People want bargains !!I know this all sounds elementary, but missing even one of these things tends to bring your sales into trouble.OK, well I'm off to worry over my auction descripti...
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