Bob’s Bailout Plan
October 2, 2008 by Bob
There has been a lot of talk about the bailout plan in the States. I have a plan of my own…. let’s see what you think.
Firstly, none of us really knows what the situation is. Let’s just agree to accept what they are saying and that our financial system is on the brink of collapse. Without a cash infusion, the banks have no money to keep the system running. I don’t know if that is true or not, but for the purposes of doing a bailout plan, I will accept that scenario as true.
Well, the government plan is to basically buy bad debt from the banks for a total of $700B. This takes bad debt off the books, and also infuses cash into the system, which can then prime the pump and get cash flowing again. The taxpayers get nothing but $700B in debt, and a bunch of bad paper, which likely won’t ever be recovered.
I read that $700B amounts to $10,000 for every household in the United States.
My plan:
- Every household is given a voucher (not cash) worth $10,000. The voucher can only be used to pay off debts (credit card, mortgage, etc) at a bona fide financial institution. The voucher has no cash value, except for paying off debts at a financial institution.
- Each household uses his voucher to pay off some of their debt.
- The banks turn the vouchers back to the government in exchange for cash.
- Suddenly, the banks have the $700B, the taxpayers owe $700B, just like the plan that they are trying to push through now. The difference is that the taxpayer has reduced his debt by $10,000.
For anybody who has no debt to pay off, they can sell their vouchers to others. For example, if I am in debt, and you are not, your voucher is worthless to you for paying off debt. I could buy your voucher from you for a discount, say $8000 and use it to pay an additional $10k against my debt.
Anyway, that is Bob’s plan. I believe that it accomplishes exactly what is being aimed at now, but in addition gives relief to the taxpayers too.
What do you think? It seems too simple that nobody else has thought of it.
I’m giving a seminar in Davao City!
July 26, 2008 by Bob
With the growth of the Internet and the tremendous money-making potential of online tools, trends, and technologies, a good income is indeed possible. Your income potential is only limited by how hard you are willing to study and then apply your knowledge.
Is it possible to be a 100% virtual earner, earning your money from the Internet? What are the ways in which you can make money at home, using your own computer? What does it take to become an Internet Entrepreneur? How does one succeed at an online business in the midst of today’s economic crises?
Bob Martin asked those same questions when he moved from the United States to the Philippines. Now living in Davao City and making his name as one of the top Internet Entrepreneurs in the country, “Mindanao Bob” is making more money now than when he lived in the USA. Bob wants to show you how you can do it too!
With Virtual Earner: A Business Forum by Bob Martin, you can uncover many ways to earn a living in the Philippines. Invest in the potential of the Internet and reap the benefits of strategic online, offline and hybrid ideas for business. Don’t miss this opportunity to discover and prove –as Bob did– that making a living in the Philippines is NOT IMPOSSIBLE!
Details
VIRTUAL EARNER: A Business Forum by Bob Martin
Speaker: Bob Martin
Venue: K-1 Coffee Shop, F. Torres Street, Davao City
Date: Saturday August 9, 2008
Time: 3:00 pm (the seminar will start sharply at 3pm)
Seminar Price: P3,000
To register for the seminar, please either e-mail or call (or text) John at (0921) 467-8372.
The forum is created to provide an intimate and informal venue for learning how to make a living in the Philippines. It will also serve as a medium for opportunities to discuss new technologies, products, services, and business ideas with a qualified expert who has explored the possibilities on the Internet to become an 100% Virtual Earner.
Who is Bob Martin?
Bob Martin is an Internet entrepreneur based in Davao City. An American who has lived in Mindanao for the past eight years, Bob has resided in General Santos City, and now in Davao City, while owning and managing dozens of Internet Businesses.
For the past seven years, Bob has made his living exclusively through the Internet. He serves customers all around the world, and has used the Internet to enhance his earning ability to the point that he is making more money now than when he lived in the USA and had a regular job. Bob wants to show you how you can do that too!
“Becoming successful on the Internet is great, but one thing I really enjoy is helping others achieve the same,” says Bob. “It makes me feel good if I can show somebody a few simple methods, or share my thoughts with them, and watch them learn how to make a living themselves. I don’t really like it when others copy what I am doing, but when they look at what I do, and mold it a little bit to fit their interests, they can come up with something that is patterned after me yet totally different from my business. I think that is great, and it gives me a lot of joy to see a friend become successful by doing this.”
Bob has a business background in Retailing and in Manufacturing, having previously managed discount department stores and an electronics store in the USA. He is also a published author of more than a dozen books. His latest book is entitled 49 Ways to Make a Living in the Philippines.
Early Bird Bonus! - For the first 10 people who sign up and attend the seminar, they will receive a FREE COPY of Bob’s book, 49 Ways to Make a Living in the Philippines! That’s right, a book that is selling for $49.00 will be yours free when you sign up and pay to participate in the seminar(but, only for the first 10 people)! So, don’t miss out, sign up today!
To register for the seminar, please either e-mail or call (or text) John at (0921) 467-8372. Remember, the first 10 people who register will get a free copy of Bob’s eBook, 49 Ways to earn a living in the Philippines!
Determining Value
July 22, 2008 by Bob
If you’re going to get involved in business, usually that means you’re going to be selling something. Not all businesses mean outright sales to make money, but, it can be argued that every business involves selling something. I’m not going to make that argument right now, that’s a whole different story there. However, for the sake of this article let’s agree that if you want to make money, you have to sell something.
The question is, how do you determine the value of the item you’re going to sell? I mean, it if you have an item that’s really worth $100, and you’re selling it for $10, you’re probably going to sell a lot of them, but it’s a losing proposition. I mean, even if you don’t realize you’re losing money, you’re selling the item for less than it’s worth, and that’s not good for the seller. On the other hand, if you’ve got an item is worth $10, but you think it’s worth $100, and you price it at $100, nobody will buy. In your mind that item is worth every bit of $100. But, if nobody else thinks is worth $100, it’s not.
I used to make a living selling stuff on eBay. I guess I have about five years experience of selling on eBay, and three to four of those years eBay was my primary moneymaker. In those years without eBay I wouldn’t have really had an income. It is my opinion that eBay is the perfect marketplace. If you put an item up for sale on eBay, you get what the item is worth. Now there are things that you can do to influence the worth, but in general, the final price of the auction is what the item is worth. When I say that you can influence the value, what are you talking about? Well, a lot of things enter there. The quality of your description of the item is a big factor. You should have a lot of good pictures. You should play the item and make it look really good. These things, and others influence how much you’ll get for the item. If, for example, you list an item with like a one sentence description, no photos, and little information, you probably won’t even sell the item. If you do though, you’ll get very little for it. How can that be? How can an item be worth the final price, yet you that hardly anything for it? The value of the item described is worth the price you got. You gave it a poor description? Well you did let people know what it was, and the price they gave you was based on what you told them it was.
in the end, it is my believe that the value of an item is based on this statement:
An item is worth precisely what a willing buyer will pay for it, and a willing seller will sell it for.
This simple sentence, precisely defines what an item is worth in my opinion.
No matter what kind of business you’re in, make sure that you are not underpricing the item that you’re selling.