How To Beat Depression
Saturday, September 10, 2011
, Posted by Immel at 3:48 AM
Here's the story of a small, almost successful mail order
entrepreneur, and
how he overcomes the blues that comes with his way of
conducting business:
What an adrenalin rush! Last week when I visited the post
office my post
office box was overflowing with orders. One day, I had to get a plastic
container just to carry the mail home. At the end of the
week, I had made
about $1,200 in orders!
Unfortunately, I spent money to stock up on inventory. I
anticipated
receiving the same type of business the next week to make
up for any
overspending I had done this week.That did not happen.
The next week brought in a total of $150 in orders _ and
the week after that
brought in only $10!
After that, depression set in. I
kept saying
"What will I do now? I spent the $1,200 and only
have $80 to my name. Rent
will be due in a couple weeks and I'm flat broke _ simply
because I let money
go to my head because I was temporarily "rich."
This is one example of how a business works sometimes and
it's important to
not take everything for granted. As employees of other
companies, we were use
to the fact of receiving a paycheck every week. Whether
we worked hard or
not, our paycheck was always the same and always on time.
All we had to do
was put in our 8-hours, 5-days a week.
Also, we were not used to spending any money to fill
orders. If we needed to
mail something, we sent it to the mail room or ran it
through the postage
meter. As employees, we didn't pay for the postage out of
our own pockets.
Our employer took care of it. That also goes for
supplies. If we ran out of
paper for our typewriter, we went to the supply cabinet
and got a pack out.
We never worried about spending our own money to pay for
office supplies.
But when you own and operate your own business money is
hard to come by
especially the first few years. You generate your own
income! So instead of
thinking about riches and glory _ think about improving
upon what you already
have. If you have a $1,200 week pat yourself on the back
_ but don't be
stupid like I did and spend it thinking you'll have the
same amount next week. This may not happen for another 6 months!
Instead, find out "why" you generated this much
money one week and hardly
anything the next week. Did you stop marketing because
you didn't think you
had to anymore? Did you spend time filling all those
$1,200 worth of orders
and generating back-end sales? (A back-end sale is
placing some form of
advertising in with the orders you fill that will
generate additional sales.
These items should be for products and services that
either compliment or are
the same as the product the customer purchased.)
Were all the orders that made up the $1,200 week for the
same product or
different ones? Where did you advertise in order to
generate this response?
Was it a specific publication or a combination of several
of them? Were the
orders for something that people run out of frequently
(i.e., printing,
typesetting and advertising?) If so _ you can have a
special offer for these
same customers in a few weeks with a money-saving coupon
for them to use.
This will generate repeat business and the likelihood of
another $1,200 week
in the near future.
However, if you do spend the money like I did and
depression sets i,
just sit down for a moment and reflect on what you do
have: a roof over your
head, food to eat, a legitimate business that will grow
and possibly steady
out in the future, peace of mind and the ability to work
on your own without
employers and people breathing down your neck!
In addition _ if you spend the money and cannot buy the
supplies to fill the
orders, DON'T just avoid your customers and hope they'll
understand. Instead,
send them a postcard that simply explains that you had
such a large response
that you sold out of the item. Tell them approximately
"when" their order
will be filled and "when" to expect it. If you
can't possibly fill the order
within 30 days, give your customer the option of getting
their money back or
better yet _ issue them a Credit Voucher to use on future
purchases.
If you have no income at all and cannot possibly refund
people's money offer
them something in return that you can provide. You need
to find some way to
compensate your customers. Remember that they trusted you
enough to see your
ad, write out a check and spend their hard-earned money
on you. They may not
have a lot of money either. Avoiding them will turn you
into a "rip-off"
artist with no future in the industry! 1,200 and only have $80 to my name.