Tool Investment Yields Revenue

Syed shares a story about how he turned a small tool purchase into significant monthly revenue.

"I paid one guy $15,000 upfront for a tool, and in the very first month it made me $18,000. Now every month it makes me over $10,000, and it's pure profit - nobody touches that tool. I think about that just as good as a gas station because my hosting cost for that tool is maybe $8 a month, maybe $10, and that's it. So you can have these cash flow income streams that come through, and that's how I was able to buy the businesses that I did without any outside financing, without any outside debt."

SB

Syed Balkhi

Founded WPBeginner, the largest free WordPress resource site. Developed popular WordPress plugins and contributes to Fast Company's expert panels. Dedicated to providing free WordPress education and helping small businesses establish their online presence.

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