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How i made $2.5 Million in just 3 months

Discussion in 'Making Money' started by rudyvise, Aug 30, 2008.

  1. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    Hi Guys,

    Heres how i did it.

    Its about an opportunity that came my way that i couldn't pass up.

    Anyway, there were a bunch of programmers selling software services into FTSE companies. They were really bad at sales and marketing and were about as dependent on financial handouts as the Queen of England.

    Anyway, these guys were just about to go out of business so they asked me if i could help them sell more of their services.

    I took one look at the people and product and said "absolutely not". But what i did say to them was that i would sell their company in return for 20% of the equity. At the time the company was worth about 50c.

    In order for me to make any money i had to increase the perception of what i now owned, so i set to work. Within 2 months i had reviewed the codebase, spun an international software brand from the squall, developed a business plan and painted the offices the same colour as the new brand and website. I took all the fragments of history, customer lists, revenues and past triumphs and produced a very exciting picture of the business for prospective buyers.

    So instead of a bog standard IT services business, we were now a software product vendor, with an international IP brand to sell lock stock and barrel to niche buyers. We were a mini-Microsoft.

    Now for the difficult part. Finding the right buyers.

    What i did was to target big distributors and resellers of software products. These were after all the people who could give the product the greatest exposure and had the most to gain from acquiring the IP outright.

    In others words, acquiring the product entirely enabled them to increase revenue and profitability, leverage their own product, at the same time as increasing the value of the brand equity as they built a loyal customer base.

    Anyway, i found a buyer at a trade fair and sold the company outright.

    Win/win situation. And didn't even have to write an ebook or make a vid....

    Anyway, if you want any help on this kind of stuff - PM me.

    Rudy
     
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  2. linksgalore2

    linksgalore2 Newbie

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    wow rudy send me your email to my pm box
     
  3. nicho

    nicho Regular Member

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    My Bullsh-t Detector is working over time on this thread, the post was a little vague lets see some detail--ie proof and lay off the queen
     
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  4. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    Nicho,

    You want the evidence. Throw me an opportunity.

    Else stfu.

    Rudy
     
  5. scubaslick

    scubaslick Regular Member

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    I officially have no idea what the fuck you're talking about. So I'm going to just go with my gut here: you are a scammer, some how, some way.

    Here's my opportunity for you:

    I made a mere $280,000 by working for 5 years to build an offline business. I did shit work, oil changes, tune ups, brake jobs out of the back of a shitty 1988 Chevy pickup truck with a trailer, working in every weather condition from rain to sun to snow, busted my knuckles, injured my back, abandonded my family and got fucked over by a company that was my biggest supplier. I had 26 employees and more than 200 customers when my supplier decided to become my competitor.

    I sold the company, invested in an ISP that crashed and spent a long time trying not to eat a hand gun.

    The opportunity still exists for someone smart and with a work ethic. I could make low 6 figures a year doing it even today, but it's a bullshit 100 hour a week grind, not a life.

    My point:

    Read the above comments and notice how my story actually makes sense, and yours is a crock of shit.

    That's because mine is the truth, and yours is a very interesting fantasy unless you can do more than vomit up a few words and some insults to a senior member here.
     
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  6. cokely

    cokely Registered Member

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    that's an interesting idea, I don't know if any of us will get an opportunity to use it, but it is something I have never heard of before and it is appreciated
     
  7. ifwearner

    ifwearner Regular Member

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    Well I don't think there is any reason to be offensive about his story but here is the main idea:

    He saw a bunch of people that didn't know their ass from a hole in the ground marketing-wise... took his marketing skills and in exchange for a portion of the sales price developed the company to take on more clients and make enough money to sell to an investor/venture capital firm.

    Its not like you can do this on a massive scale and something like this isn't easy or for newbies, its for experienced marketers with a lot of business know-how and in-person sales skills.

    I mean if you can take anything and make it into a company that earns around 100k a month profit this method would work for you, and its not that difficult to find investors for such a business as long as you have solid (real) numbers and sales skills and whatever they punch into their calculators for a net present value is probably close to what will be offered for the company.

    This post wasn't meant to give anymore info on how to do this.. just a little more clarity (hopefully.)
     
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  8. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    Look guys, I meant no offence and my post described a formula that worked for me. My point was that you can take something that looks like a pile of shit and change its face to make it a very desirable and money making brand. How you apply this knowledge is up to you.

    I have been parachuted into all sorts of high-tech environments in the past and i always make the best of a bad job.

    Here are some egs.

    Mission 1: Spin a flagging brand for sale
    Mission 2: Reposition a business and products for new markets
    Mission 3: Develop investors belief in a brand
    Mission 4: Posture a business for joint partnering or merger

    If you have opportunities - PM me. If i can help you - i will.

    Rudy
    ps. i am not a newbie - even though the label above my head in this forum suggests so.
     
  9. Freddie

    Freddie Registered Member

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    Sounds like Rudy did something that is along the lines of the topic of one of Jay Abraham's courses. Interesting post.
     
  10. RandomStuff

    RandomStuff Registered Member

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    Did anyone see that show on CNBC - "Untold Wealth - The Rise of the Super Rich" ? It was an hour long show that sort of interviewed these VERY wealthy people, finding out how they got that way, etc.

    Here's a link to the page that talks about it, looks like they are replaying it from time to time:
    Code:
     http://www.cnbc.com/id/24791078 
    Anyways, the relevance to this post is that one of the guys in that show did pretty much the same thing as this. He found struggling companies, bought them out, fixed them up, and then resold them. Said he made a couple of million off his first deal, and that's what shot him up to super wealth, he just kept doing it. I'm sure one needs to have a special skill set in order to do this, so joe schmo off the street can't jump into this, but if you have the skills, and the desire, it could be done? Not commenting on if the original poster is telling the truth or not, just making an observation, that there ARE some people out there that do this.

    If you get a chance to watch that tv show, it's pretty inspiring. :D
     
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  11. RealMarketer

    RealMarketer Newbie

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    I dont care what others think ..BUT I like your story man...
     
  12. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    If your business becomes stale and jaded. Spin it.

    You might just get a nice surprise.

    Rudy
    ;)
     
  13. Xrumer

    Xrumer Junior Member

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    I seen the same thread at wickedfire.com
     
  14. deftones

    deftones Newbie

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    Scubby, Your story is fucking heart touching man..."Your word's trying not to eat a hand gun.".. simply breath taking mate !
     
  15. garfiola

    garfiola BANNED BANNED

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    somehow i don't buy this story, 2.5 is alot of money, probably you would not asking people on this forum for hiring you, they are mostly online marketers.

    BS
     
  16. zwib

    zwib Newbie

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    Interesting...

    I have a few questions if you don't mind.

    So you were able to sell the company for over $10 million?

    What year was this? (during the tech bubble, or recently?)

    Was the company you sold publicly traded? Was the company you sold it to publicly traded?

    The company was based in the UK?

    Did you have experience doing this before?

    Sorry if that's too many questions, feel free to answer whatever. I'm really just curious.
     
  17. misterajc

    misterajc Registered Member

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    The Queen of England actually has a personal fortune of hundreds of millions, if not billions. She is absolutely not dependent on financial handouts, and though she gets one from the government, she sends it back as she does not need it.
     
  18. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    Hello,

    Just to clear up a few points.

    I mean no harm to the Queen and her numerous hangers on, but they don't take the risks that many of us do in life. Technically they are independently wealthy, but in reality - many of them couldn't tie their own shoelaces, let alone create wealth and develop an independent lifestyle. They are where they are through birthright - and as far as i'm concerned - UK citizens allow them to have what they have.

    The company, brand and IP were all sold for $2,5M. UK Ltd, SA PLC buyer.

    So we are talking about a relatively large distributor in South Africa buying into a UK software company. At the time (late 90's / early 00). The conditions were very different at that time, but this was no Dotcom. This was an internet software development company, shipping products around the world.

    It is true that there was some appeal to a SA listed JSE company purchasing an offshore developer - but hey - finding the right partner for all the right reasons is all pretty much part of the game.

    What i'm saying is don't stop being internet marketers, but perhaps also keep your eye on making "lucrative equity plays" in the future. I would never suggest you take your eye off the ball of your bread and butter business, but it does not hurt to be looking for opportunities where you can convert in a much bigger way.

    Rudy
     
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    Last edited: Sep 4, 2008
  19. stevesdata

    stevesdata Regular Member

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    Theres a similar story from the BBC - all the dodgy traders that caused the sub prime crash are expected to get into this type of business.

    It was called Greed Game - The Super Rich (I think) very interesting stuff.

    :cool:
     
  20. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    It surely is a special skill set. But most importantly you must have the insight to know that most businesses are full of holes and you must have the balls to walk in and do business with them on this basis.

    Many of these business people who want to sell their Intellectual and capital properties have mismanaged their affairs and are simply looking for a quick face-saving exit that puts money in their pockets.

    They are lambs to the slaughter.

    Correction .... the price was actually £2.5 million - that's $5million dollars - well it may be a little less that since the crunch.


     
    Last edited: Nov 8, 2008