hi I’m Evan Carmichael welcome to another edition of ask Evan in today’s
another edition of ask Evan in today’s
another edition of ask Evan in today’s video I wanted to answer a question from
video I wanted to answer a question from
video I wanted to answer a question from one of my newsletter readers Francis who
one of my newsletter readers Francis who
one of my newsletter readers Francis who wants to start a shoe stall and one of
wants to start a shoe stall and one of
wants to start a shoe stall and one of my advice on how to get started and get
my advice on how to get started and get
my advice on how to get started and get the money to kind of launch this
the money to kind of launch this
the money to kind of launch this business so Francis actually the
business so Francis actually the
business so Francis actually the question I’m always a big believer in
question I’m always a big believer in
question I’m always a big believer in not spending money till you’re making
not spending money till you’re making
not spending money till you’re making money and sometimes you know these
money and sometimes you know these
money and sometimes you know these little retail shops or stalls can be
little retail shops or stalls can be
little retail shops or stalls can be really pricey so what I would recommend
really pricey so what I would recommend
really pricey so what I would recommend doing is partnering up with somebody who
doing is partnering up with somebody who
doing is partnering up with somebody who already has a stall in the location that
already has a stall in the location that
already has a stall in the location that you’re looking for and selling something
you’re looking for and selling something
you’re looking for and selling something else to not shoes and you just take over
else to not shoes and you just take over
else to not shoes and you just take over a little portion of it and hopefully you
a little portion of it and hopefully you
a little portion of it and hopefully you don’t have to pay for it I try to
don’t have to pay for it I try to
don’t have to pay for it I try to negotiate a way where you can maybe
negotiate a way where you can maybe
negotiate a way where you can maybe share the profits that come in from it
share the profits that come in from it
share the profits that come in from it or you can help promote their business a
or you can help promote their business a
or you can help promote their business a little bit as well try to start the
little bit as well try to start the
little bit as well try to start the business without spending money you know
business without spending money you know
business without spending money you know when you’re making money you can start
when you’re making money you can start
when you’re making money you can start spending money but anybody can spend
spending money but anybody can spend
spending money but anybody can spend money so you want to try to find a way
money so you want to try to find a way
money so you want to try to find a way to be resourceful and start bringing in
to be resourceful and start bringing in
to be resourceful and start bringing in the money without having to spend money
the money without having to spend money
the money without having to spend money to get customers coming in so cash is
to get customers coming in so cash is
to get customers coming in so cash is king at the start so start off a little
king at the start so start off a little
king at the start so start off a little stall with somebody else see it first
stall with somebody else see it first
stall with somebody else see it first off it is for you right people have
off it is for you right people have
off it is for you right people have great business ideas I think they’re
great business ideas I think they’re
great business ideas I think they’re going to be awesome at doing something
going to be awesome at doing something
going to be awesome at doing something and then it turns out that was a
and then it turns out that was a
and then it turns out that was a terrible idea they didn’t want to do it
terrible idea they didn’t want to do it
terrible idea they didn’t want to do it at all and they’re not really good at it
at all and they’re not really good at it
at all and they’re not really good at it so why not test it out on a small scale
so why not test it out on a small scale
so why not test it out on a small scale see if you like it see if you’re good at
see if you like it see if you’re good at
see if you like it see if you’re good at it see if it’s something you want to
it see if it’s something you want to
it see if it’s something you want to continue doing before spending a lot of
continue doing before spending a lot of
continue doing before spending a lot of money investing into something that you
money investing into something that you
money investing into something that you know you may not enjoy doing so start
know you may not enjoy doing so start
know you may not enjoy doing so start small test it then I would try to see
small test it then I would try to see
small test it then I would try to see you know get educated on the types of
you know get educated on the types of
you know get educated on the types of shoes that you’re gonna be able to sell
shoes that you’re gonna be able to sell
shoes that you’re gonna be able to sell the hours you know which stall might be
the hours you know which stall might be
the hours you know which stall might be a good location for you so you can test
a good location for you so you can test
a good location for you so you can test all these things on a small scale and
all these things on a small scale and
all these things on a small scale and build up your audience so anybody who
build up your audience so anybody who
build up your audience so anybody who comes and starts to buy try to get their
comes and starts to buy try to get their
comes and starts to buy try to get their information try to you know put them on
information try to you know put them on
information try to you know put them on an email list so you can let them know
an email list so you can let them know
an email list so you can let them know when you open up your own location so
when you open up your own location so
when you open up your own location so when you do open up your own place your
when you do open up your own place your
when you do open up your own place your own stall just for yourself you’re good
own stall just for yourself you’re good
own stall just for yourself you’re good to have an audience because you know you
to have an audience because you know you
to have an audience because you know you know that market delivers for you and
know that market delivers for you and
know that market delivers for you and you can email people to say hey you know
you can email people to say hey you know
you can email people to say hey you know we broke up we’ve opened up our new
we broke up we’ve opened up our new
we broke up we’ve opened up our new location much bigger than we had before
location much bigger than we had before
location much bigger than we had before come on check
come on check
come on check so and you’ve done it all in a low-risk
so and you’ve done it all in a low-risk
so and you’ve done it all in a low-risk way it takes a little bit more time but
way it takes a little bit more time but
way it takes a little bit more time but your chances of success are much higher
your chances of success are much higher
your chances of success are much higher and the chance of you losing and burning
and the chance of you losing and burning
and the chance of you losing and burning a lot of money also you know go down a
a lot of money also you know go down a
a lot of money also you know go down a lot as well
lot as well
lot as well so hopefully that helps Frances good
so hopefully that helps Frances good
so hopefully that helps Frances good luck I’m really excited to hear how it
luck I’m really excited to hear how it
luck I’m really excited to hear how it turns out if you guys have any
turns out if you guys have any
turns out if you guys have any suggestions with Francis you know please
suggestions with Francis you know please
suggestions with Francis you know please leave a comment below be great to hear
leave a comment below be great to hear
leave a comment below be great to hear from you and if you like the video I’d
from you and if you like the video I’d
from you and if you like the video I’d really appreciate it if you can give it
really appreciate it if you can give it
really appreciate it if you can give it a thumbs up I love seeing those come in
a thumbs up I love seeing those come in
a thumbs up I love seeing those come in so thank you and we’ll see you on the
so thank you and we’ll see you on the
so thank you and we’ll see you on the next episode
”
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