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:


Wealth Adviser: Building Trust with a Burned Athlete
Wall Street Journal (blog)
Stories of athletes exploited by unscrupulous financial advisers are all too common. But we don't often hear what happens next, when an adviser with scruples is called on to help put things in order. Pennsylvania-based adviser Brian Menickella has just ...


BayStateBanner

Opening soon: Dudley Square's Bolling Building features wealth of ...
BayStateBanner
When the long-dormant former Ferdinand's furniture store reawakens as the Bruce C. Bolling Municipal Building next month, Dudley Square will have a gleaming new centerpiece. Set in motion in 2011 by former Mayor Thomas Menino, the redevelopment ...


Maine bank tests innovation on 15-year wealth-building home loan
Scotsman Guide News
American Enterprise Institute (AEI) economists Stephen Oliner and Edward Pinto designed the Wealth Building Home Loan to allow borrowers to pay little interest, allowing them to build up equity to protect their home in case of an economic crisis like a ...


Homeownership and Wealth Creation
New York Times
Renting, in contrast, offers the potential for comparable wealth building only if renters invest an amount equal to a down payment plus any savings from renting. As a practical matter, most renters do not do that. Even in instances where renters have ...


Sovereign Wealth Fund Institute

Strategic Development: Angola Sovereign Wealth Fund Building Hospitality School
Sovereign Wealth Fund Institute
The FSDEA is a strategic development sovereign wealth fund (SDSWF), that is embarking on local investment projects to boost returns, while stimulating job creation. FSDEA is attempting to boost tourism, by creating a hospitality sector within Angola ...


KY3

Financial guru Jack Thurman shares secret to building wealth
KY3
You might think a man who manages billions for some of the nation's wealthiest individuals would say it's all about the money. But BKD's Jack Thurman describes himself as more of a social worker who just happens to be a very successful entrepreneur.

and more »

Forbes

Why Affluent Women Love Building Wealth -- But Loathe Investing
Forbes
By now, it's old news that women exhibit certain traits that make them more successful investors than men, like the fact that they view investing on a long-term timeline and aren't quick to trade based on market whims. On the flip side, other studies ...


New York Times

Equity-Building Mortgage Challenged
New York Times
13 blog post by the Urban Institute's Housing Finance Policy Center argues that, contrary to what its proponents suggest, the so-called Wealth Building Home Loan is “not a silver bullet” for lower-income borrowers. “Some people have made it sound like ...

and more »

CNBC

Jim Cramer's 'Mad Money' Recap: Building Wealth to Bolster Your Retirement
TheStreet.com
NEW YORK ( TheStreet) -- "Tonight I want to talk about the big picture," Jim Cramer told his Mad Money viewers as he dedicated the show to building wealth, the kind of wealth that can augment your paycheck and bolster your retirement. Cramer said ...
Cramer Remix: Be the ruler of your retirementCNBC

all 3 news articles »

Seeking Alpha

For Wealth-Building Investments, Time Is The Trouble; So Time Is The Treasure
Seeking Alpha
In the tradeoff between investment Risk and Reward, Time is the most powerful element of the reward equation. Emotion (fear) is the biggest danger on the Risk side. Time tends to be a major influence there – for good and bad. Diversification may be the ...

and more »
Google News

Who Wants To be A Millionaire?

How many people search Google, Yahoo and MSN each day... 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 Blocks of a Financial Foundation

You can't build a house from the roof down, and... Read More

Retirement ? Can You Afford It?

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

Trustees: Who Can You Trust?

Early in my legal career I represented two young women... Read More

The Wealthy Mindset

What is the difference between wealthy people and poor (even... Read More

7 Golden Rules to Financial Prosperity

Not Enough Money?I believe that most people haven't got enough... Read More

A Completely New Way To Get Rich Rapidly

This new way is catching on around the world. People... Read More

Russ Whitney - Building Wealth Through Real Estate

When Building Wealth by Russ Whitney was released a few... Read More

Profit from Your Own Information Empire!

Would you like to profit from your own information empire?... Read More

The Top 10 Steps to Extraordinary Personal Wealth

I recently came across startling figures about the average American's... Read More

The 11 Best Money Saving Ideas of All Time - Part 3

At any time in history, no matter what the current... Read More

The 11 Best Money Saving Ideas of All Time - Part 1

At any time in history, no matter what the current... Read More

Can You Be Rich? Part 1

What does becoming rich mean to you? Is it early... Read More

3 Simple Ways to Generate Cash Flow

This article focuses on generating cash as a full time... Read More

You Deserve To Retire Early

The fact is that most people continue to work for... Read More

Its High Time for Lifetime Savings Accounts

I'm constantly reading articles on the internet and in financial... Read More

Gain More Control of Your 401k - What It Can Mean to Your Future

Points to ponder as you consider what can be done... Read More

The Parthenon Principle

Have you seen a picture of the Parthenon in Athens,... Read More

Tax Help - Girls (and Guys) Just Want to Have Fun by Using Tax Saving Tips

In his best selling book, "Rich Dad, Poor Dad, Robert... Read More

The Truth About Setting Up A Wealth-Pump Business: The Passive Income Myth Exposed

In theory the idea of generating additional (and passive) business... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites... Read More

Turbocharged Financial Planning

Financial planning is an ongoing process individuals and businesses should... Read More

Want Money? You Got It!

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

Residual Income - 3 Ideas for Long Term Profits

A residual income is one that comes in no matter... Read More