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:


U.S. News & World Report (blog)

A Wealth Building Plan for You: College Grad Edition
U.S. News & World Report (blog)
As part one of our series, "A Wealth Building Plan for You," we'll address the needs of the soon-to-be or recent college grad, and what you can do if you've already graduated. You have a college degree and a job. That's a great start. Maybe you even ...


The Detroit News

Wealth-building loans an alternative to mortgages
The Detroit News
That's why the other contribution of Pinto and Oliner, a new loan product designed to help people build equity more quickly and safely, is so important. Their Wealth Building Home Loan offers a 15-year term, allowing homeowners to build equity quickly.

and more »

50 Cent: Building wealth - it takes more than a beat
Communities Digital News
50 Cent went on to build an empire that includes an audio headphone company (SMS Audio), a boxing promotions company (SMS Promotions), endorsement deals, a clothing label and book publishing. At he same time, he works as a film-producer and actor, ...


CNNMoney

Whites have 12 times the wealth of blacks
CNNMoney
When it comes to building wealth, debt levels also matter. In recent years, blacks have taken on more student loan debt than whites. Some 42% of blacks age 25 to 55 have college loans, compared to 28% of whites. This may be because black families have ...
America's yawning racial wealth gap, explained in 9 chartsVox

all 42 news articles »

Livemint

Hidden river of wealth flows to New York's luxury condos
Livemint
Lacking incentive or legal obligation to identify the sources of money, an entire chain of people involved in high-end real estate sales—lawyers, accountants, title brokers, escrow agents, real estate agents, condo boards and building workers—often ...

and more »

InsideSources: Making borrowers more secure with a wealth building home loan
SouthCoastToday.com
That's why the other contribution of Pinto and Oliner — a new loan product designed to help people build equity more quickly and safely — is so important. Their Wealth Building Home Loan offers a 15-year term, allowing homeowners to build equity quickly.

and more »

Wealth building through persuasion
BusinessDay
Truth be told, many skills are required to become financially successful. There are many formulas and steps in the marketplace, that no one method, step or formula works in all situations and environments. However, there are some traits that nearly all ...


Building a better world - from a dining room table to your wealth
Herald.ie
I have always thought that I'd like to give carpentry a go, to learn how to make something tangible and useful, and hopefully beautiful. This is a book that appeals not only to a wishful thinker like me, but also to anyone who has a gra to learn a ...


10 Stocks Building Wealth Through Higher Dividends
Seeking Alpha (registration)
To ensure a retirement that is free from financial concerns, there are certain things that must be done today. Building a secure future by investing in quality dividend growth stocks is neither complicated nor overly burdensome. Below are several ...

and more »

Ways to Build Wealth Faster for Adults Now Showcased at Investment Company ...
Virtual-Strategy Magazine (press release)
A variety of procedures to help a person make better decisions, reduce expenses and save more money to invest are now provided in list formation at the JWB website. This 2015 wealth building guide is meant to provide options for a person who has been ...

and more »
Google News

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

Increasing Your Wealth by Increasing Your Financial Literacy

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

Uncle Sams Snake Oild

Uncle Sam and his band of merry-men, better known as... Read More

Your Money Or Your Life

Have you stopped to realize that although you go... Read More

Generate Savings with Smart Use of Electricity!

No matter what income level you are currently at, generating... Read More

Understanding the Three Different Types of Income

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

Lesson 1 - Why Arent You Wealthy?

We will start the Financial Fitness System with the assumption... Read More

The Secrets of World Money Flows and A Simple Way to Understand Them

You can learn the secrets of world monetary flow if... Read More

Turn Your Job Loss Into the Opportunity of a Lifetime

There are few things in life that are more stressful... Read More

Wealth Secrets: Saving Your Way to a Fortune

SCENE 1: Pharaoh has just woken up from a very... Read More

Tax Strategy - Theres More to Building Wealth than Clipping Coupons

We talked recently about the wealth formula:Spend less than you... Read More

How to Save Money and Take the Vacation You Always Wanted

Many people don't realize how much money they spend on... Read More

The 11 Best Money Saving Ideas of All Time - Part 2

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

Get Rich Slowly

Is it hard to get rich? If you're young, not... Read More

Prosperity

An ellipsis to your success is hidden in the word... Read More

Still Using Federal Reserve Notes?(How to Beat Inflation)

"My people are destroyed for lack of knowledge." Hosea 4:6... Read More

Investing is About Discipline

If you don't have discipline then walk away from the... Read More

The PDQ? Factor

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

How to Save Money for Retirement

Saving money for retirement can be easy or difficult depending... 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

Building Wealth: Its An Inside Job ? Part 2

Let's quickly review the principles discussed in the first part... Read More

Building Wealth by Paying Yourself First

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

The Difference Between Wants & Needs

So you want to become wealthy? While there is no... Read More

Online Retirement Opportunity: Freelance Copywriting

For most of us, the idea of retiring simply on... Read More

Before There Was Wall Street, There Was Gold.. & when Wall Street is gone, there will still be Gold

Paper burns and large companies can go bankrupt, but if... Read More