Gold was discovered in California in the spring of 1848. By May of 1848 reports were flying that “there was more gold than all the people in California could take out in fifty years.” 28-year-old Samuel Brannan opened a small supply store at John Sutter’s Fort, right in the heart of the gold rush. Brannan purchased a little vial of gold and traveled the hundred miles back to San Francisco. As he stepped off the train, he swung his hat, waved the bottle and shouted, “Gold! Gold! Gold! By the middle of June, three quarters of the male population had left town for the gold mines near Sutter’s Fort.
Brannan never looked for gold, but selling shovels, picks and supplies to the wide-eyed miners made him California’s first millionaire. His store was selling as much as $5000 a day (about $140,000 in 2010 dollars) in goods to the miners.
Did all the miners find their “pot of gold?” Not a chance. Most of them wasted time and meager resources only to return to their original homes, poor and discouraged.
So where are you looking for income opportunities? In the last ten years thousands of people jumped on the computer bandwagon, believing that programming, web design and software development were the only real sources of wealth. As you know, not everyone going in this direction has become wealthy? But are there associated opportunities with this area of focus – absolutely!
In the last ten years the number of massage therapists has quadrupled. (Our massage therapist comes to our house every Friday afternoon. People who work on computers all day are prime candidates for massage.
I have a friend here in Nashville who produced a red “panic button” that fits over any key on your computer keyboard. She has now sold over 100,000 at $1.50 each. A convent even ordered 10 PANIC buttons.
I have talented young musician friends who are not trying to be the next Alan Jackson but are generating significant income selling guitar straps, personalized drum sticks and a book on How to make it in the music industry.
Is it possible that in your own search for “gold” you are overlooking the opportunity to become a millionaire by selling picks and shovels?
Dan Miller's Blog 