Ends the Analysis Paralysis
I love smart people. I also see smart people try to figure out everything in their head. Look... You can not learn to ride a bike THINKING about it and IMAGINING riding a bike. I don't care how smart you are. I don't care how good your imagination is either. You can be Einstein mixed with Picasso. You will not learn to balance and ride the bike trying to imagine every possible scenario. šInvesting and business is NOT school. šššYou don't get paid for getting the right fucking answers! šYou get paid for producing a RESULT (and then if it's not the result you want, you adjust and take another action.) You will grip the handlebars nervously... And you will be wobbly AF. You may even fall down a time or two... But everyone learns to balance if they PUT THEIR ASS ON THE SEAT AND GO! Ronin style investing is the same. Most of our "struggle" is in our head. "What percentage/amount should I offer for X, Y, or Z?" There is NO RIGHT ANSWER...especially as a HYPOTHETICAL drama we are playing in our HEAD! Last week, I made a lowball offer of $1550 for someone's newsletter. (I offered about 15% of what I thought I could go out and buy the leads for. How did I come up with that? I pulled it out of my rectum mostly, but I know it doesn't MATTER. I'm trying to get the negotiation going.) They came back and said that seemed awfully low. My response: ššš "I understand. I'm not trying to get you mad at me. I'm married and can make my wife mad at me anytime:-) I'm just trying to work within my budget. Instead of me offending you further... What's the lowest price you'd accept without being mad at me? Thank you, Travis" āļøāļøāļø Their response? They complimented my humor... And said they'd do the deal for $4,000. BOOM! š„ (BTW: This is for a 14,000 person subscriber list with a 30% open rate with multiple monetization options.) We will negotiate more over Zoom, but we're in the ballpark . There IS NO RIGHT ANSWER. There's only a number that gets the DEAL DONE!