Does Money Grow On Trees?

"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

In The News:


How to get started building wealth
Dallas Morning News
But starting early is the key to building lasting wealth. And if you have access to a 401(k) plan, building a nest egg may be cheaper than you think. That's because many employers match worker contributions at a generous rate — usually between 50 ...


MarketWatch

The Simple Secret to Building Wealth
Wall Street Journal
If you lose your job, want to change to a less-lucrative career or get hit with unexpected expenses, you know you can get by on relatively little. It's OK to stray. In the 1990s, I advocated building stock portfolios using index funds that looked like ...
3 wealth-building secrets that the rich already knowMarketWatch

all 3 news articles »

Dosen: The magical 15-year wealth building home loan
Daily Local News
The traditional fixed-rate 30-year mortgage is what most people first think of when they consider how they are going to finance the purchase of their home. It's the most common form of financing, probably because it often makes your guaranteed payment ...

and more »

Bangkok Post

Saddled with weak economy, Thailand lags Asian rivals in wealth building
Bangkok Post
The kingdom's high-net-worth individuals, defined as those with investable assets of at least $1 million, increased their wealth 11.2% from a year earlier to $396 billion, according to a report released today by Royal Bank of Canada and Cap Gemini SA.

and more »

Wall Street Journal

Creating More Homeowners Without Building a Crisis
Wall Street Journal
A better option is what we call the Wealth Building Home Loan—a 15-year, fully amortizing, fixed-rate loan that will build equity much faster than a 30-year mortgage. The WBHL concept was unveiled in early September by Mr. Pinto and his colleague at ...
HOUSING SCENE: New loan builds wealth quicklyThe Macomb Daily

all 3 news articles »

Building wealth in property: Use your head, not your heart
BizNews
Residential property has many advantages over other investments – not least of all that it gives ordinary people the opportunity to acquire an expensive asset by using a bank's money. If you aren't planning on living in the property, you can get ...


Loan gives low-income borrowers a chance to build equity fast
Los Angeles Times
Two major banks have agreed to originate a new 15-year mortgage under pilot programs aimed at low- and moderate-income borrowers. In addition, the creators of the so-called Wealth Building Home Loan, which allows home buyers to build equity at a ...

and more »

6 Steps to Building More Wealth
NASDAQ
A decade into retirement, Eileen Kemp is proof that even people with modest means can build sufficient wealth to sustain a satisfying lifestyle. A former elementary school librarian, Kemp started educating herself about investing when she was in her ...

and more »

Entrepreneur

21 Ways to Achieve Wealth and Success
Entrepreneur
Good habits are the foundation of wealth building. The difference between successful and unsuccessful people lies in their daily habits. Simply put, successful people have many good habits and few bad ones. If you understand that your bad habits may be ...

and more »

Twenty-one ways to achieve wealth and success
The Globe and Mail
Good habits are the foundation of wealth building. The difference between successful and unsuccessful people lies in their daily habits. Simply put, successful people have many good habits and few bad ones. If you understand that your bad habits may be ...

and more »
Google News

Money Mastery

Money can be your servant or it can be your... Read More

Controversial Wealth Audit Reveals Over 90 Percent of Us Could End Up Working Forever...Are You One

Results from a new tool developed by UK based firm,... Read More

Retirement ? Can You Afford It?

Every day you work is one day closer to your... Read More

What is Your Creative Retirement Plan?

The idle are a peculiar kind of dead that cannot... Read More

How I made $122,000 and lost $132,000 - A lesson in Assets vs Liabilities

This is a true story from my own experience that... Read More

Creating Money, Prosperity, and Abundance Now (Part 1)

I have given many prosperity lectures over the years and,... Read More

The TRAP Behind Websites With INSTANT Searches for Unclaimed Money

There is no questioning that the amount of unclaimed money... Read More

If You Know These 5 Wealth Secrets Then You Are Probably Already A Millionaire

Wealth Secret 1 - Decide Your Outcome Right Now.Unless you... Read More

Rich or Poor - Get the Knowledge

Most people work hard all their lives only to "retire"... Read More

Increasing Your Wealth by Increasing Your Financial Literacy

Perhaps the primary message of Rich Dad, Poor Dad is... Read More

You Can`t Cheat An Honest Man

Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn... Read More

The Secret Barrier To Wealth - Underearning

Is the ghost of "Money Past" haunting you? Do you... Read More

WARNING: The Biggest Lie About Social Security

Like I said, If you are poor and on social... Read More

Retirement Planning the Offshore Way

Retirement Planning the Offshore Way Why do so many of... Read More

Ben Franklin Didnt Quite Get it Right

When Ben Franklin said "a penny saved is a penny... Read More

The Philosophers Stone

"If you know how to spend less than you get,... Read More

Compounding: The Science Of Exponential Money Generation

It all begins with a simple calculation.You are home on... Read More

Five Straight Steps to Opening an Offshore Bank Account

Despite what you may have read or heard, anyone is... Read More

10 Ways to Save $50 Per Month: The Art of Pinching a Penny Until It Screams

1. Save up to 50% per month on convenience cleaner... Read More

The PDQ? Factor

It's the beginning of a brand new year: a time... Read More

Simple Strategies to Making Financial Gain

Now is a great time to make it a habit... Read More

Want Money? You Got It!

Six out of six people who were asked to list... Read More

Q and A: Financial Independence Tips For Women From Coni Cecil

As a woman Netpreneur, I sat down via e-mail with... Read More

Building Wealth by Paying Yourself First

When I look around at all of my friends, and... Read More

Financial Freedom for Every Employee

You may think you have to be an entrepreneur to... Read More