The other point that hit me during the listen is the character that Casey, after some fantastic opportunities presented themselves, teamed up with (I guess these probably aren't the "big name" clients Marty was referring to... but I will have to check out lapdancevip.com when i get home, sounds very educational).
What the fuck is an "info product" anyways.
My guess would be that Casey signed some horrible deal with Mr. AdNonSense, i'm sure he's agreed to get a percentage of the net profits of this joint venture.
In the "Publisher" Post on IAFF, Marty alludes to how this deal could possibly turn Casey into a Millionaire... well, actually he says Millionaire status (which I would argue Casey has the way the boy spends borrowed money). Let's assume that Marty absolutely wouldn't try to hide sales and profits from Casey in this venture. I'll keep the math simple, because i'm stupid and have zero business sense.
Casey gets 50% of all profits from the sales of various "info products." Let's assume these "info products" sell for $50. Cost to produce said products are $25. So for each "info product" sold, our hero gets $12.50. I don't really know taxes well, but let's say Casey has to pay about 30% in taxes for each of his "info product" sales. So for each "info product" sale, Casey would get about $8.75.
First Casey needs to cover that $500k in remaining debt because he's very ethical and wants to do the right thing, whatever that is. At $8.75 a pop, Casey just needs to sell a little over 57,000 units to cover that initial debt.
Now that all those dirty pennies are repaid, Casey can now aim for Millionaire Status...
That means an additional 115,000 units to sell.
So Casey needs an audience of 170,000+ to achieve his dream.
This seems very plausible to me, considering Casey's current audience is a few thousand at best and any research on Casey Serin will prove that he learned next to nothing, not shy about admitting his mistakes are really fraud and has a history of chasing small-time scams.
Real Estate as "investment" will soon get back to the way it should be, actual "flippers" who do actual rehab on a house, not small time wannabes who think ordering some granite and painting the walls increases value 50k over what they spend. Gurus will be back on late night tv pitching their own "info products" and Casey will still be trying to figure out what the right thing is.
Wednesday, June 13, 2007
Millionaire Status
Posted by Nigel's Guest Blogger at 10:26 AM
Labels: casey serin, info product, marty stewart, pagedaddy
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1 comment:
Mind you, my math is basic at best and I doubt that the deal Casey signed is anywhere near as good as I used in my calculations.
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