💰 If you’re gonna sell something, sell something expensive

🍀 If you’re gonna sell something, sell something expensive

Hey there, Manav here! ✨ Every week, I'll be sharing my thoughts on productivity, life lessons, and helpful tips.

This weekly newsletter is my way of reflecting on life and keeping track of the fascinating things I discover or come to understand.

If you’re gonna sell something, make sure it’s expensive

Well, let me tell you a little secret (as someone who has been in sales for quite a while).

If you're gonna sell something, make sure it's a high ticket item.

Yeah, you heard me right! Why?

For starters, the commission is higher and you deal with rich people. And rich people, my friend, are a different breed.

They're not looking for bargains or coupons; they want quality and exclusivity.

Imagine selling a high-end watch.

You're not just selling a device to tell time; you're selling a status symbol, a piece of art, a conversation starter.

Rich folks are often willing to pay for that experience, that uniqueness.

Well if you do not know where to start, here are some of the highest-paying commission-based sales roles in the US (besides real estate):

• Medical device sales - Commission can range from 5-15% on multi-million dollar sales of equipment like MRI machines, prosthetics, implants, etc.

• Software/SaaS sales - Commission rates around 25-35% on landing big enterprise contracts worth hundreds of thousands in licensing/subscription fees.

• Luxury car sales - High-end dealerships pay 10-15% commission on cars sold that can be $100k+ each.

• Yacht brokerage - Brokers can earn commissions of 10% or more on multi-million dollar yacht and boat sales.

  If this guy can sell private jets on tik-tok you can too:

@thejetbusiness

#privatejet #stevevarsano #thejetbusiness

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In this bear market, the longer your runway, the better.

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Don’t think, Just Act

• If you want to talk to the smartest minds, start a podcast.

• If you need to be consistent at reading, start a book club.

• If you would like to be a great writer, start a blog.

• If you are looking for new ideas, attend a conference.

• To find harmony in life, learn to play the piano.

• To find rhythm in life, learn to dance.

• To pursue tranquility within, practice daily meditation.

• To reach your fitness goals, hire a personal trainer.

• If you want to experience diverse cultures, travel to different countries.

• If you dream of understanding humanity, talk to people from all walks of life.

Business Idea of the Week

Create a marketplace for jet owners to rent out their jets to instructors/flight schools.

This marketplace should not only facilitate the rental of jets for training purposes but also promotes a revenue-sharing model that benefits both parties. Additionally, an affiliate program should be introduced to incentivize instructors to promote the platform, leading to increased jet sales.

Target Audience:

• Jet Owners: Individuals or corporations who own private jets and are looking to monetize their assets during downtime.

• Flight Instructors: Certified professionals seeking high-quality jets for training sessions.

Revenue Model:

• Jet owners can list their jets for a fixed rental fee or a percentage-based fee.

• A commission from each rental will be retained by JetShare.

• Instructors who bring in jet buyers or renters through the affiliate program earn a commission.

Affiliate Program:

• Instructors can sign up for the affiliate program, receiving unique referral codes.

• For every new jet owner or renter they bring to the platform, they earn a commission.

• This not only incentivizes instructors to use and promote JetShare but also potentially increases jet sales.

Action Items:

Database Acquisition:

• Partner with aviation associations and jet sales companies to access databases of jet owners.

• Attend aviation trade shows and conferences to network and gather leads.

Licensing and Regulation:

• Consult with aviation lawyers to understand the legalities of renting out private jets for training purposes.

• Ensure all listed jets have the necessary certifications and are compliant with aviation regulations.

• Ensure all instructors have valid certifications.

Review all competition and provide a better user experience

I found the following ones:

• https://www.avbuyer.com/

• https://www.aerotrader.com/

• https://www.globalair.com/

• https://www.trade-a-plane.com/

Useful Links:

• Arc: Google Chrome Killer: https://arc.net/

• Motion Capture: Move: https://www.move.ai/

• Deep Nostalgia: https://www.myheritage.com/deep-nosta...

• Behavior tracking: Hume: https://hume.ai/

• Taskade: Note taking https://www.taskade.com/

• Segment Anything: https://segment-anything.com/

• AI Robot Lawyer: DoNotPay: https://donotpay.com/

• Rewind: The search engine that finds and stores anything you've seen, said, or heard. Rewind: https://www.rewind.ai/

MEMES 🤣