[PDF] One Thousand Ways to Make $1000

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One Thousand Ways to Make $1000

One way to make 1000 one of the very popular books among youngsters from 1936. One Thousand Ways to Make $1000.

TO MAKE $1000 Practical Suggestions, Based on Actual Experience, for Starting a Business of Your Own and Making Money in Your Spare Time Edited by F. C. MINAKER Published by The Greenleaf Groups, LLC, PO Box 92664 Austin, TX 78709 Copyright © 2016 Clinton T. Greenleaf III All rights reserved in new materials. Previously published by Dartnell Press FIRST EDITION 1936 SECOND EDITION 1937 THIRD REVISED EDITION 1940 No part of the copyright-protected materials in this book may be reproduced, stored in a retrieval system or transmitted by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the publisher. ISBN: 978-1942148-01-2 Printed in the United States of America 

HOW TO START YOUR OWN BUSINESS W HEN Gustavus Swift, a youngster in knee breeches, dressed and sold his first calf to the fisher folk of Cape Cod, he laid the foundation of the largest meat packing business in the world. The desire to make money—to have a business of his own—was a driving force in the make-up of young Swift. In Barnstable he was known as a chap with a lot of “get up and go” to him.

 So it was not surprising that when he felt the desire to make money, he didn’t waste his time wishing, but took his courage in his two hands and started in the dressed beef business in his dad’s back yard. No doubt there were other young men in Barnstable who wanted to make money too. But while they were wondering how they could make it, Gus Swift cut the Gordian knot. It meant work for him. It was not a pleasant way to make money. 

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There was the possibility of his not being able to sell his calf after he had dressed it. He had to walk miles in order to market his veal, for Cape Cod in those days was a “spread out” sort of place. But Swift didn’t care. He wanted the money. was a “spread out” sort of place. But Swift didn’t care. He wanted the money. The work, the walking and the adventure were fun. And because he regarded making money as fun instead of work, he later was able to come to Chicago and start the great Swift packing business. How different from the average young men of today! 

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They are usually more interested in having a good time than they are establishing themselves in a business of their own. Being in business is so confining! So they concentrate on enjoying themselves, serene in their philosophy that tomorrow is another day. If these people, and they are not all young people either, worked half as hard at making money as they do at having a good time, they would be rich. Then there are people who are willing to work and do work hard at making money, but they are not successful because they lack a target.

 They are like the chap who hunts big game with a shotgun. They do a lot of shooting, but they bag very little game. Next to being willing to pay the price of success in hard work, the most important thing is to have a definite, clear-cut objective. Since it is necessary to crawl before you walk, it is suggested that you make that objective $1,000. Now you may say, why stop at $1,000? Why not make it $100,000?

While there is merit in the idea of setting up your sights high, there is such a thing as shooting at the moon. Set an objective that you know you can attain. Having attained your first objective, you can then consider what your next objective will be. Remember that after you start in business you are going to run afoul of many discouragements. While it looks easy now, it may not two months from now. If you have as an objective a mark that you can almost reach out and touch, it will help you to carry through this period of discouragement. 

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The Story of Money:

Since this is a book about making money, and money will be mentioned frequently, it might be in order to get it clearly fixed in our minds what money is. Money itself is no good. You cannot eat it. 

You cannot wear it. You cannot use it for much of anything except to exchange for things which you need. That is why it is called a “medium of exchange.” Money can be anything. In the early days of the West whiskey was used for money. A farm was advertised as being worth so many barrels of whiskey.

Beads were used by the Indians as a medium of exchange. The island of Manhattan was bought from the Indians for a few beads. The first use of coins as money antedates Christ. To save people the trouble of having to weigh each coin to determine its value, the government stamped them with its mark. They could then be passed in exchange without using scales, although even today the banks in Great Britain weigh all gold coins presented to them to determine the wear.

One of the first countries to use credit money as a medium of exchange was England. 

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People took their silver to the Exchequer and received in exchange a tally stick. Notches were cut in this stick according to the number of “pounds” of silver loaned to the government. These tally sticks were about three-quarters of an inch square and about ten inches long. 

After being notched, the stick was split in half, and one-half was hung in the Exchequer, and the other half given to the person loaning the silver. At first these tally sticks were used as receipts only, but after a time people exchanged them for things they needed. Then the Exchequer issued tally sticks notched for even number of pounds of silver—one pound, five pounds, twenty pounds and so forth. These were much more convenient than carrying around the actual silver. Eventually the tally stick was superseded by paper receipts, the forerunner of our present paper money. 

The big advantage of the tally stick was that no two sticks were notched in the same way, so that when the owner of a tally stick called at the Exchequer to collect, the notching on his tally stick certified to his ownership of the silver. It remained for John Law, the eminent Scotch banker, to carry money to its next stage of development—pieces of paper secured by various kinds of assets, and too often by nothing at all.

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It is important to know how our present system of money grew, so you will understand its true place in our scheme of business. When you determine to make $1,000 you are not thinking of ten one-hundred-dollar bills so much as you are thinking in terms of what you can buy with those bills. And the same is true of those from whom you get money. You both talk about money as though money was all important, but actually you are exchanging services. So your success in making your first $1,000 will depend upon your ability to make or do something, of definite value to society, which people want more than they want the money it will cost them.

In the years gone by, there was money in making and selling carriages. Based on figures alone it might seem like a good thing to start in the carriage business. But even t he most casual investigation will show the folly of doing so. The public today needs low-priced aeroplanes, automobiles operated with fuel oil, and today needs low-priced aeroplanes, automobiles operated with fuel oil, and similar things. 

So other things being equal, if two men started in business today, one making carriages and the other making Diesel automobiles, it is probable that while the man making carriages might make a bare living out of his business, he would never make any “big” money. He might be every bit as smart, even a better business man, but society is not willing to exchange money for better horse-drawn carriages. But it will for automobiles which will run one hundred miles to the gallon of crude oil! 

The First Step in Making Money:

It is easier to make money in some localities than in others. There is, for example, the Ogden hardware merchant who became rich selling shovels during the California gold rush. He was quick to see that with people pouring into the West digging everywhere for gold, they would need a lot of shovels. So he wrote back east and bought all the shovels he could get. It was no trick to sell them. All he had to do was to advertise that he had shovels to sell, and the prospectors took them away from him at fancy prices. That kind of merchandising does not require any skill. 

Neither does it require any knowledge of business principles. But the gold rush is over. The West has been settled. To be successful in business today you need more than a stock of merchandise. You have to know how to sell goods at a profit. Nine out of every ten men who start in business today fail because they cannot measure up to those requirements—especially the last part of the formula. So the first step in starting a business of your own is to know something about it. You need not know all about it. But you must know something about it.

 Fortunately, much of the knowledge you need may be found in books and trade periodicals. The manufacturers of the equipment which you will need to get started are usually able to furnish you with essential information. The federal and state governments have publications of value to you. This is all experience which you can buy very inexpensively, yet it is experience that has cost others much time and money. So read everything published about the business you intend to start, to get the combined experience of others, and begin your plans where they left off. You will find many people who will laugh at the idea of learning how to make money in books.

 They will tell you that business success depends upon inherent trading ability and action. They will cite men who never read a book in their lives and still made lots of money in business. Do not be influenced by these views. No man ever started in business for himself, who did not short-cut the time it took him to become established, by reading about what others had done. When you read a book about business it is just as though you were invited into the home of the author and sat down with him and talked over your problems. Only those who think they know all there is to be known—and more besides— consider such an exchange of ideas foolish. Why spend hundreds of dollars to find out that a business idea or plan will not work, when another who has tried the plan tells you in a book or a magazine article exactly why it is not a good idea?

 At the end of this volume you will find references to books, pamphlets and magazines which may be consulted for further information on some business problem. Consult those references. They may save you much grief and loss. But understand this: Reading alone won’t enable you to succeed in business. The best idea ever conceived for making money is utterly worthless until somebody puts it to work. 

You, no doubt, know many brilliant men, fellows with more ideas for making money than a dog has fleas, yet who never get enough money together to buy a second-hand automobile. What is wrong with them? They are probably like the inventor who never stops inventing long enough to make and sell his invention. One good idea, at work making money, is worth a thousand ideas just buzzing around in the head of the smartest man in America. 

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How to Begin Making Money:

The way to begin making money, is to begin. That may sound foolish. But the hundreds of thousands of people in this country who would like to make a lot of money are not making it because they are waiting for this, that, or the other thing to happen. Some are waiting for business to get better. Others are waiting for the right moment. For the most part, however, they are waiting for no reason in the world except that it is easier to put off until tomorrow those things which should be done today. Business is a game of “put and take”—you can’t “take out” until you “put in.”

People often put off starting in business for themselves because they cannot see clearly ahead. So they go to friends for advice. It is characteristic of people, when advising friends, to be super-conservative. Benjamin Franklin, you will remember, asked his friends what they thought of his chance to succeed in publishing a newspaper in Philadelphia. Without exception they advised against it on the grounds that there were already too many newspapers. They did not it on the grounds that there were already too many newspapers. They did not take into consideration Franklin’s ability nor his capacity to succeed. 

Had they stopped to analyze the situation they would have advised him to go ahead by all means. 
The fact that there were so many newspapers made the opportunity for a better newspaper that much greater! As a rule most of the advice to those contemplating a business venture is “don’t.” If you ask the advice of enough people you are almost sure to end up by doing nothing. The only person really qualified to advise you as to what you can do is yourself. 

You know yourself better than any one else does. You, and you alone, know how determined you are to make a success of the undertaking. And in the last analysis, about 90 per cent of being successful in business is that indefinable thing which for lack of a better name we call “guts.” If you have the “guts” to work eighteen hours a day if need be; if you have the “guts” to go without pocket money in order to carry your business over the rough spots; if you have the “guts” to stick when others say you are just wasting your time, it is a pretty good bet that you will succeed, because that is the stuff from which success is made. S

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o do not be overconcerned with the real and imaginary difficulties that loom up so large at the outset. It is not necessary that you see the harbor at the other end of your course before setting sail. If you sail straight, and keep moving, you will get to your destination. But you won’t get there, or anywhere unless you start. Once you have started, most of the difficulties will give way before your enthusiasm and determination to succeed. You may end up in an entirely different business from the one you started. You may have to change your plans a number of times. But what does that matter? 

The all-important thing is that you have started. In the following pages you will read about hundreds of people who, like yourself, had the urge to make a thousand dollars. Some earned it making things, and others selling things. Some made it quickly and others slowly. But you will find one thing true of every story in this book. Each person began making money when he or she started. Had these people not come to a decision, and started in a business of their own, they would never have made any money. Their success began with their decision to start— and so will yours 

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