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:


Black CEO: Do More Than Save if You Want to Be Wealthy
The Root
But 62-year-old Kermit Payne, the successful founder and chief executive officer of a strategic communications, marketing and association management company, says that saving is just one step on the road to wealth building. Successful wealth building ...

and more »

6 Steps to Move From College Debt to Financial Success
The Root
6 Steps to Move From College Debt to Financial Success. Building Black Wealth: Following these principles will help college grads build a firm fiscal foundation. By: Kara Stevens. Posted: April 22 2014 6:45 AM. 0. college-grad-finances. Generic image.

and more »

How to Make Sure a Helping Hand Doesn't Make You Go Broke
The Root
How to Make Sure a Helping Hand Doesn't Make You Go Broke. Building Black Wealth: It's important to set parameters when trying to help family and friends get out of a financial bind. By: Lynette Holloway. Posted: April 21 2014 6:45 AM. 0. family-finance.

and more »

The age-old dilemma: saving and building wealth
Caledon Enterprise
... • Projections of future RRSP values are based on a compound annual growth rate of 6.5 percent over a period of 20 years. The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect ...

and more »

Equities With Best Wealth-Building Odds, Big Rates Of Gain Now In Next 6 Months
Seeking Alpha
Investors may have a variety of reasons for putting capital at risk. They may be seeking additional income outside of employment; accumulating capital against known, scheduled expenses (like college costs for offspring); building financial reserves ...


Democratizing wealth, building an economy
Lompoc Record
Do you feel like you're working harder than ever, but have less to show for it? Does it seem like corporations are running the world, and there's nothing you can do? Would you like to have more say in how your community develops in terms of housing ...

and more »

Getting Started: The Key to Building Wealth? Start Slowly, Author Says
RisMedia.com (press release)
(MCT)—What's the best way for young investors to build wealth for retirement? Ignore your human instincts, says a new e-book targeted at 20- and 30-somethings. “If You Can: How Millennials Can Get Rich Slowly,” was written by William Bernstein, a ...


Mayor Jones Announces New Office of Community Wealth Building
WRIC
Thad Williamson, the man who will oversee the mayor's new Office of Community Wealth Building says the poverty rate in Richmond is 27 percent; that is 12 percent higher than the national rate and higher than the rate in Virginia, as well. That's why ...
Mayor announces new head of Office of Community Wealth BuildingWWBT

all 2 news articles »

Inquirer.net

Building wealth for health
Inquirer.net
Conventional wisdom says that health is wealth. But when an unexpected illness occurs within the family, this usually throws households off-balance, with majority being driven to heavy debt and about 95 percent depleting their savings, based on a study ...


On Piketty's Capital: What Is Wealth?
PolicyShop (blog)
For Piketty, wealth and capital are ultimately socially constructed categories. When he refers to wealth, he is not talking about land or machines or buildings necessarily. He is talking about anything that can be traded as an asset that generates a ...

Google News

Financial Planning For Singles

Financial planning often gets a bad rap. Part of the... Read More

Learn How to Bank Like a Banker

The business of banking has changed dramatically over the last... Read More

The Old Monied Dupont Nemours and Roosevelt Families Buy a Tax Haven

This 4,000 acre sale (now a marina and resort town... Read More

Rich or Poor - Get the Knowledge

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

How To Be the Ultimate American Consumer

Feel like a lemming lately? Ready to follow the crowd... Read More

Do You want to Live on Macaroni and Cheese when You Retire or Filet Mignon?

How Much Money Will I Need to Earn to Retire?This... Read More

Super-charge Your Dream of Retiring Rich with the Roth 401K!

This retirement account is so new and unique that you... Read More

Trustee Fees: How Much is Enough and How Much is Too Much?

I am often amused by the ads and offers I... Read More

High Flying Market Makes Good Buys Hard to Find

AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More

A College Degree or an MBA is NOT NEEDED to be Financially Free

Look at Forbes' top 10 United States wealthiest people. Notice... Read More

Who Else Is Tired of Life Punching Them in the Face?

Remember the bloodied face of Randall "Tex" Cobb?He was a... Read More

Get Rich Doing What Others Dont

"The quickest way to wealthThat I've found to be true;Is... Read More

Wealth Building Strategy

There are many of us who are working on our... Read More

Money Mastery

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

Simple Tips on Saving

Simple tips on saving can very often make quite a... Read More

How To Get Investors And Bankers To Part With Their Money For Your Business

Time and time again entrepreneurs are losing out on getting... Read More

Endowments and Endowment Shortfalls - What You Need To Know

Endowments and endowment mortgages have received a lot of bad... Read More

Discover the Secrets and Possible Solutions To Money Problems

It is sometimes pitful how many projects are never born... Read More

How To Get Paid Instantly Via Stormpay? Try Online Rewards Programs

E-currency is very popular on the Internet today. People use... Read More

Could a Roth IRA be Better Than a 401(k)?

Very few people whom I know are familiar with the... Read More

Who Wants To be A Millionaire?

How many people search Google, Yahoo and MSN each day... Read More

Four Pillars of Creating Wealth

Some people in this world are thinking that their poor... Read More

New Year Resolutions to a Better Financial Future

There could not be a better time to mull over... Read More

What Do You Mean By Diversity?

The word 'diversity' is a unique one. It can represent... Read More

Understanding the Three Different Types of Income

Part of learning to become financially free is to begin... Read More