Selling out faster on your units increases your power of investment.
Make sure you are VAT registered in Germany!
Imagine you had 1000 units sell out in a year. You are making 100% POI.
But what about if you then sold 1000 units in 6 months time? This gives you the ability to re-order and continue selling.
If you sold out again in that year, you would have made 200% POI as you have doubled the number of sales within a year!
Are you thinking like a millionaire?
Are you looking at the cost? Or, are you looking at how much you can make?
We recently put money down into a warehouse in Canada. We could look at that like we are $750,000 down. But we actually look at it like we now have a $750,000 location to do even more business through!
We are looking at how much the warehouse is going to make us in the longer run.
Everybody has a choice, sales either vanish or increase...
You have to choose one. You cannot just keep it as it is... Vanish or increase?
A lot of people re not going to register for VAT in Germany in time, make sure you are one of those people making the sales in Europe when everybody else gets locked out.
Short and snappy today as we move into the holidays.
See you in the next one!
