Sbusiso Leope, popularly known as DJ Sbu, has shared a video of a practical example of one of the things he teaches in his book Billionaire$ Under Construction: The Mindset of an Entrepreneur.

Click on the link above for more about the book.

In what Leope calls ‘The Law of Averages’: For every ‘no’ you get, it’s bringing you closer to a ‘yes’.

He also stresses the importance of being able to deal with rejection and ridicule as an entrepreneur.

From the video description:

With all the rejections he faced in the sun & using The Law Of Averages he eventually managed to sell 20 cases of 24×440ml at R10 each in an hour & fifteen minutes.

Thats personal gross revenue of R4800 in about an hour.

An ordinary MoFaya street hustler buys 20 cases of @mofaya_official at a cost of R2400 from a wholesaler or cash & carry. They are encouraged to sell at a recommended price of R10 & not more in the streets.

That’s a 100% profit margin. Ask any business person they will tell you that if a business makes you anything between 25% – 45% profit margins, it’s a good business. The MOFAYA street hustlers make between 60% – 100%

 

Categories Non-fiction South Africa

Tags Billionaire$ Under Construction DJ Sbu Jonathan Ball Publishers Sbusiso Leope