#458: A farmer and his goat teach us a simple and powerful lesson about Amazon success
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 13 April 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
On this "mini-lesson" episode we learn about a farmer and a goat. The farmer buys the same goat twice - and the goat actually costs MORE the second time he buys it! Is the farmer making money or losing money? You decide! Understanding this basic lesson will help you understand the numbers that are vital to your success as a business building warrior!
Show note LINKS:
The farmer/goat discussion in our facebook group:
https://www.facebook.com/groups/mysilentteam/posts/4984974948285242/
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Answers:
The farmer has $20 more than when he started. He made $10 on each of the two transactions.
The pond was half full of lily pads on day 29 and then doubled to being completely full on day 30. Use the power of "doubling" to your benefit! It starts slow, but it becomes big very quickly!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, this is Jim. Welcome to Silent Sales Machine Radio. I love doing these many midweek episodes. Just a quick |
| 0:08.3 | tip, get in, get out, hopefully improve your day, give you something to think about, encourage you |
| 0:14.2 | in a good direction in your business. I sure appreciate you being a listener on this program. |
| 0:19.1 | Our numbers just keep going up and up and up. |
| 0:21.6 | And as we looked at our schedule and said, hey, we're only doing two episodes a week. |
| 0:25.0 | Maybe we should bump a third mini episode there into the middle of the week and just give people a quick boost with an idea or a tip. |
| 0:32.2 | So that's what we're going to do today. And if you like hearing these episodes, hey, give us some feedback. |
| 0:38.9 | We'd love to hear what you think about these midweek episodes, these many episodes or any feedback at all, really. You can get on your |
| 0:43.4 | favorite podcast listening app. Leave us a review there. Jump into our Facebook group. Tell us about an |
| 0:49.2 | episode you heard. Tell us what you think. Tell us what you liked, what you didn't like, what your |
| 0:52.9 | suggestions are. If you're more comfortable sending them to us as a message privately, that's great. |
| 0:57.8 | You can go to silent gem.com and leave us messages there. |
| 1:01.9 | You can also jump into our Facebook group. |
| 1:03.6 | If you're not a member yet, we've got about 70,000 members in there having conversations. |
| 1:07.6 | And one of the conversations that popped up here a few days ago, as I'm recording this, |
| 1:11.0 | was a conversation about a farmer and his goat. |
| 1:14.4 | That's right, a farmer and a goat. |
| 1:17.0 | And I'm going to think through a little challenge with you, with this farmer and his goat, |
| 1:22.9 | and I need to set it up a little bit. |
| 1:24.8 | Now, if you're the kind of person who kind of does basic math in their |
| 1:28.3 | head pretty easily, you may not need a pen and paper for this. But if you're the kind of person that |
| 1:32.7 | really likes to see it written down in front of you, you might want to pause it, grab a pen and paper, |
... |
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