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A GOOD EXAMPLE OF FAILURE

6/13/2010

5 Comments

 
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Okay now failure is not always a bad thing in fact I view it as a blessing, so long as I learn a valuable lesson. Obviously not all of the things i've done were a success, actually many were not. This particular one really burned my ass (seriously)....
 It all started with my cousin in Italy asking me to mail him a letter with some of the hot pepper seeds I had in my garden. He wanted to grow his plants over there with the seeds from my plant because I ranted how hot they were. So instead of just giving him the seeds from my garden I decided to look up the hottest peppers in the world and try to buy the seed's. A short search on Ebay I searched for Bhut Jolokia the hottest pepper in the world and are only indiginous to the north of india. A guy in california had them and i purchased them for 10 dollars. 


Okay heres the catch it was for 12 seeds! I purchased them with out thought because all of the prices were similar and this guy had good feedback. I forgot about it until they came in the mail a week later and i held them in my hand. I just couldn't get over that i paid 10 dollars for this little weed bag and 12 seeds. So i quickly pulled out the white board and started doing work. I searched places in the us first all being a dollar a seed just like the rest. i researched everything but the core purpose of the seeds, to grow them.  I finally found a guy in india that would ship whole peppers for 40 a kilo and 25 for shipping. So i went on ebay again and paid 20 dollars for 3 peppers to see how many seeds were in each one and try to estimate the amount of money i can make. 


Another week later the peppers came and right away i started cutting them open (not wearing gloves...another thing i forgot to read about) and i found that there was aprx. 12 seeds in each pepper. So i went back ebay and looked up an ounce of peppers and the title said 1 ounce 36 peppers: bingo!!!. If they are selling each seed for a dollar and there is 22 seeds in each pepper and an ounce has 36 peppers and a kilo has 35.5 ounces in it that, 36 times 35 is 1260. 1260 times 12  would make a one kilo shipment that would make it worth 15,120 dollars!


 Now i was skeptical and the only way there was 36 peppers in an ounce is if it was dried first. If they were fresh there would only be 3. So went back on alibaba.com and found the guy again 1 week later, and thought i want dry, im not eating the pepper i only need the seeds. So i ordered a kilo, I paid 65 dollars in total, and patiently awaited my first over seas order . 1 long month later i finally said ok he took my money and ten bam mailman , i was in business.  I was just thinking that why they are so expensive. 


So i cut up 50 peppers and went to the smoke shop and got some bags and glass jars. Everything on me burned but for that price i don't care. I Started an Ebay store and posted all the peppers on it costing me in fee's that i don't remember. In the first week i did great,I sold them all half price because i figured i could afford it at these prices. I now had almost a thousand dollars in my Ebay account, but i felt something was wrong i wasn't getting feedback and i was shipping them fast. About 2 days after that thought, i started getting emails everyday saying that the seeds weren't germinating. I didn't understand why until i researched i bought the dry ones and the seeds were cooked. They had no chance to grow and i know was holding a 1000 dollars in seeds i then learned my lesson. 


Know what the f!@# your selling. I had later returned every seed i sold, except one package. The man emailed me and told me what i have done for the 1000th time and then i began to tell him about what had happened and i will return the money right away and he said keep it and schooled me in the art of growing peppers. He was honored to give me his knowledge and if i were going into the business for the long run,I had just been mentored. So over all I only lost about 150 bucks but a hell of a lot of time, but the lesson I learned was priceless. Plus I had all of these peppers that gave me laugh worth way more then 150 dollars.  Nothing is ever going to be a walk in the park , crazy profits exist but if at first it seems unreal it's 99.9 percent is not real. So now when getting myself into a new muse i study my ass off. I learn everything I can possibly learn about what I'm doing and don't start selling something if i hadn't tried it myself.
To Live Is To Learn:::::::::"SoMe WiLL LauGh 
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5 Comments
JFGrissom link
6/24/2010 08:41:58 am

Hi Gary,

That is an awesome story... what rocks about it most, IMHO, is that you are willing to "try".

Most people I know would have sold themselves short and just not even given it a try.

But now you know "whats up" and you rock for sharing this story!

I love HOT stuff! LOL... and never in a zillion years would have thought such a great market existed for seeds (well at least not pepper seeds, anyway!).

Thanks,
Jay

Reply
gary misner
6/28/2010 05:06:16 am

HAHA thanks for your opinion! I still wont let it go, someone could easily become the the Capo of seed's, the opportunity is still there.!!
regards,
gary

Reply
Agatha
7/2/2010 11:02:01 pm

LOL great story! I stumbled across your site when I saw your Silver Paeoples Bailout video on youtube. I started researching documentaries on gold and silver (God's Money) which I plan to buy a TON of in this scary economy. Although I am older than your generation I admire your attitude at such a young age...keep up the great work!

Reply
ayub khan
9/25/2010 04:14:10 pm

hi gary
i hve just retired want to start some
thing.i hve worked in an airline industry
for thirty years.not saved much.any online business can help
regds AYUB

Reply
gary misner
10/1/2010 03:07:38 am

Thank you Abatha!

And Ayub yes your right any amount of money coming from anywhere is a good thing just make sure you do your research!

Thanks Guys!

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