/biz/ - Business & Finance

>>10229926
To follow up - I personally do 6 of these and those 6 are my only streams of income. They are:
>an ATM business with 10 machines at $3/transaction $200max
>Three affiliate sites
>A parking lot near my university(extremely high revenue but also my highest expenses)
>Digital Media/Marketing Agency which I have people running so I rarely have to be involved
>One rental property(barely profitable yet)
And the big kicker
>subscription based SaaS products, two of them with a third well on the way

>>10229935
>Three affiliate sites

Any tips on finding a good niche for these? Or any affiliate tips at all? I just started designing one and am looking for any relevant info that could help me. Do you Amazon associates? I'm assuming it's the best because it's so well known but heard commissions aren't great. Does the higher volume associated with Amazon make up for low commissions?

>>10229935
>subscription based SaaS products, two of them with a third well on the way
I am making one of these, it's in its final stages
how do you market them? how do you manage the subscriptions?
paypal has a clusterfuck of recurring payments that just sucks balls, paypal just sucks balls in general (I'm unironically considering using REQ as an extra option)

>>10229961
>how do you market them?
Affiliates, people who are already in the niche and make "tutorial" videos on how to use it, whilst plugging their affiliate code
>how do you manage the subscriptions?
Custom dashboard integrated with stripe
>paypal has a clusterfuck of recurring payments that just sucks balls, paypal just sucks balls in general (I'm unironically considering using REQ as an extra option)
Stripe is better than paypal in literally every way - lower fees, better customer service, etc

>>10229958
Yes but these make me next to nothing, like maybe $500 a month combined because I'm really not pushing them. There are dozens of good affiliate courses out there, letme see if I can find some

anon that shared the courses , do u have steam ?

>>10230069
Nope, I don't play vidya. Deleted steam years ago

Any book recommendations?

>>10230048
thanks I'd appreciate that. $500 a month isn't terrible considering you aren't active with the sites. I'd take that. I'm not trying to get rich over night but would like to add as many income streams as possible. BTW thanks for the thread

>>10230124
The Wealth of Nations
Tools for Titans
Four Hour Work Week
The Anatomy of the State
How to Win Friends and Influence People
Think and Grow Rich
Zero to One
The Smartest Guys in the Room
dozens of others

Some guy asked me about sources to learn more SEM/PPC in regards to bid scripts:

https://www.brainlabsdigital.com/brainlabs-greatest-scripts/
https://ga-dev-tools.appspot.com/
https://developers.google.com/adwords/scripts/
https://developers.google.com/analytics/

I started here and built on it with what I learned along the way.

>>10229926
I like this. So, for digital marketing in short:

Learn R, Python and JavaScript
Read about google adsense
Keep learning Japanese so I'll be able to live in glorious Nipponone day after I'm done.
All of this while I'm wageslaving and studying for my uni. Timeframe: 3 years (hoping the market won't change/crash) Seems likely.

>>10230048
>Stripe
Will look into this thanks bro
(not in the US btw, but their Stripe Atlas looks promising)

>>10230267
Ah, that makes sense. Stripe was developed in Ireland so it should be EU Compliant

Do I have to pay much attention to build a SaaS? I'm a developer, but I have no idea what kind of software people would pay 10, 20, 150 bucks a month for. This, mixed with a little bit of insecurity.

>>10229926
Thank you. I knew of all these methods but the categorising helped my thinking. Here's to the next 100k.

>>10230170
yeh man that was me. Thanks, I'm not new to the SEM world, but I could really benefit from self-sufficiency/coding experience in simple things. I gotta get into more other than wagecucking and crypto is slow rn. anyone tryna start a business?
>>10230196
this is what im doing minus the weeb fantasy.

>>10230302
>but I have no idea what kind of software people would pay 10, 20, 150 bucks a month for.
The best way that I've found is to just look for something that either already exists and leech off their market, or find a problem that you're personally having and build software to solve it.

>>10229926

Op, may I suggest creating a /biz/ ENT discord?

>>10230385
Yeah that would be great - my discord was recently deleted but I need to create a new account

>>10230396
cool i will join

>>10230353
There's absolutely nothing wrong in having a goal besides making money. It's what keep me going.

>>10229961
>considering using REQ

No you're not faggot you're just trying to shill your shitcoin lowkey. Fuck off.

>>10230457
>There's absolutely nothing wrong in having a goal besides making money.
True that.

>>10230429
Sweet. What’s the biz discord link?

I'm interested in the discord too

>>10230525
>>10230520
Not him but I can throw one together

LARPING PART 2

Hi All, I am not doing any of these yet, I only have a dividend growth portfolio for some passive income for later.

I am planning to start some kind of online business which is in a niche I like personally. From the listed online businesses which would be the best for me if I am very good at scripting, scraping webpages automating any task with python / powershell or any other script.

Also Thank You anon for the thread.Finally not a "buy my shitcoing bags" thread.

>>10230559
>said the guy on a board dedicated to a Ponzi scheme

How's your little investment going?

https://discord gg/d2vqWW

Period before the gg

>>10230535
Go for it, I'll join

>>10230579
>I am planning to start some kind of online business which is in a niche I like personally. From the listed online businesses which would be the best for me if I am very good at scripting, scraping webpages automating any task with python / powershell or any other script.
Sounds like a SaaSfag to me

>>10230583
Tell me if you want any boards added

>>10230583
>>10230599
Thank you guys

>>10230580
Lol, untill op doesnt provide any proof of anything he has achieved in his imaginary life it shall be treated as larp and it will be.
Hurr durpp vending machine, parking lot, atm. Its so funkin obvious..

>>10229926
Seems like an actual thread worth something, go on.

>>10230614
Unfortunately I am not an Idea Guy so I have no idea what kind of SaaS people would need. I am the guy who gets the job done if there is an idea. Also freelancing would not be an option as I do not think anyone would pay as much as the company pays I am working for.

>>10229926
>Docs.google / spreadsheets/d/1GsMDWt0JKzabYJmBECDAt0iANNMTgvMxhw1g9VXvesg/edit?usp=sharing
isn't tai lopez a meme

I'm looking for mechanical drawings of industrial food processing equipment(slicers peelers etc) anyone know where I can find these?

>>10230727
this is the old course which is actually quite good. It's more about sales than results though. never give that kike a penny

no idea where you'd find that

Passive income = buy some rock solid stocks on eToro and hold the fuck out of them. They give 100$ sign up bonus now temporarily check it out anons thank me later
>https:// etoro tw/2KLrUQB

>>10230641
>untill op doesnt provide any proof of anything he has achieved in his imaginary life it shall be treated as larp and it will be.
Well what do you want to know?

>>10230641
OP is a self made millionaire at age 22!
Because he is business guru!

He is successful business man!
You listen to OP and you be rich too!

Get on board or stay poor

>>10230802
pajeet

>>10230641
Who cares even if he is larping. The whole outcome of this is an actual business/entrepreneurship thread in the vast see of coin shills.

I need this. We need this.

Anyways.

>>10229935
About your digital marketing agency - how did you start it, how did you find people to essentially run every aspect of it without being involved, how do you find new clients, and, if i remember correctly, you make around $7k/mo?

I've thought about ATM's years ago now, but I figured cash is becoming less and less common as we become more of a cashless society, but still, we obviously still use cash at the moment. Do you hire someone to install the machine, or do you install it yourself?

Thanks

>>10229926
Anon, yesterday you mentioned that you made some youtube subnetwork and a media agency or something like that.

Can you explain what did you do, how did you make money and how much it cost to start them?

>>10231136
You hate money anon?

Currently:
Art director as day job
Blockchain Marketing as side gig

Potential:
60k subs/2million views subreddit to exploit

>>10229926
The Little to no Investment area is not good
I can only vouch for Web Dev/Software freelance

Dropshipping is highly competitive since you are competing with other well-known companies and are also competing for traffic and ad spending. You need a lot of time to think through your niche and to develop your website and marketing strategy. You pay monthly for domains, apps, etc. and if you don't have a well, thought out idea you're wasting your money/time unless you have lots of capital to keep testing.

Affiliate Marking / Social Media Marketing will only work if you have a high amount of audience (not 1k, 100k+) and will take lots of time and dedication unless you're not interested. Marketing of any kind needs an audience and those only way to reach audience fast is paying through advertising.

I highly recommend working until you have enough capital to risk with a good plan for your starter business/marketing endeavor.
Programming is the only good option because you can become better and demand a higher pay, find more relative ways to make your job more efficient as you work on more individual projects. It will also tie in with your business eventually, when creating your website.

I'd also add for little/no investment to start doing graphics or going on Fiverr and selling any skills you may have. You can also try flipping garage sale items or selling scrap.

>>10231665
Have you tried fiverr? How much did you make?

Do you think that the China tariffs will impact dropshipping since all the items are imported from there? Short shopify?

>>10231928
I make around 100-250 a month just removing the watermark off a photo, and this is only 1 gig. Fiverr is not that bad, but you have to stand out from the competition. Deliver quickly, have high ratings, high quality, best price. Earnings will not be consistent unless you provide consistent work or become the best in your gig.

>>10232033
but how many hours do you spend on that.

similar situation as OP here

>recieving 180k in investment inheritence
>recieving 480k in property sold inheritence (2/4 properties sold that is)
>before taxes
>this is 7.5%, my bro gets the same
>my mom is recieving 41.5 %
>accountants are creating a numbered company that will last for a year to evade a good portion of taxes

Two questions,
Where do I start with getting my mom to learn finances so she isn't taken advantage of?
Where do I start on learning how to do healthy investments to start a business after university?

>mech eng w/ aero student, 2 years down, got a year placement as test engineer on 18k GBP salary

>>10232033
I live in a 3rd world shithole and make around 1500 dol a month on what's conaidered a well paid job.

I'm sick of office work. I'm good with Photoshop, raw photo editing, video editing and after effects etc. Currently learning web dev.

If I could make 800 a month doing anybof that I'd quit my job

>>10231665
I'm looking into dropshipping and I'm interested in the points you raised since they are fair. What about dropshipping located to countries with little to no competition? I'm EU, currently in Germany but thinking to start the business back in my homeland or Germany. Dropshipping doesn't seem as saturated here.

>>10232141
Start with a local wholesale business. Buy from them and resell. Normies will pay. Margins are low tho

>>10229926
Would you be able to go into any more detail with the SaaS products? I read through the entirety of the thread from yesterday and really love that you're making these posts. Thank you

>>10231314
This. This is an actual good thread, which is a erarety in this board

The little to no investment tier is too oversaturated to be profitable anymore unless you are already established. MAYBE web/software dev, but not freelancing. Build an impressive portfolio that will get you hired, but even still, employers prefer degrees nowadays.

Freelance web/software dev is just a race to the bottom, competing with pajeet for $10 per project

>>10232513
What other suggestions do you have?

>>10232567
Some-large investment tiers

>>10229926
Is she black or just tan?

>>10232576
What about a person who wants to make money, is a eageskave with 30k in investment?

>>10232748
Wageslave. Fuck myphone

>>10229926
I feel like dropshipping is over saturated and just stupid I can't believe people fall for these fucking alibaba reseller ads on facebook.

>>10225179
I can work with you if you're interested

>>10232075
Uh
>find watermark
>content aware
>clean up

not much, depending on the file size and how bad the watermarks are spread across, shouldn't take more than 10-15 minutes.
>>10232115
Yes it is possible anon, just be good at what you do and deliver quickly on Fiverr, also if you sell ask buyer to give 5 star rating.

>>10229926
google docs link isn't working

>>10231396
Yeah absolutely. Sorry for the reddit spacing but it makes it more readable.

So back in the day(and this was 2014, 2015 and the first half of 2016), youtube revenue was considerably higher than what it is now. For example, RPM was closer to about $3.15 whereas today you may find the average RPM of a networked channel at maybe $1.50.

RPM, of course, stands for Revenue Per Mille, or the money you'll make from every 1000 views. This is different from CPM or clicks per Mille which determines what your RPM will be. The more people click your ad, the more money youtube makes, and in turn the more money the channel makes.

The entire idea of a youtube network is to partner with channels to get them more targeted ads, as well as an "advocate" that "knows the youtube business" and can help you grow your channel while at the same time making you more money. It's supposed to be a win-win for everyone, but in reality it never worked out like that.

Subnetworks were essentially an advertising tool - Larger, top level networks called Multi-Channel Networks or MCNs would contract these "private" or "virtual" networks(called PNs or VNs specifically, the differences are small so I won't go into that) to prospect channels and get as many people signed up as possible. So essentially, what I'd do is add thousands of people on skype who were in my niche(which was gaming, the most profitable at that point) and get them to sign with my subnetwork.

To do this, I would:
>add them on skype
>send them my copy/paste sales pitch
>the average age of these kids was anywhere from 12 to 20, so they had no idea what they were reading except for "more money"
>Would promise them "channel growth" and "legal protection" though I had no intention of actually providing it
>I would then send them the channel linking contract and form, from which they'd input all their information and blindly sign the 15 page contract that locked them in for 4 years and gave me 40% of their revenue
cont

>>10232141
You'll have it easier with less competition in the EU. It is still the same business.
The other point I forgot to mention, you have to deal with annoying ass chinks who either don't fulfill their promises or flat out ignore you. Like >>10232224 said, you have safer bets buying wholesale sets and then opening a business and shipping them yourselves than relying on chinks who can delay shipment, send wrong shipment info, ignore during holidays, etc. but you can still be successful with them if you're willing to put the relationship.

I have chinks who put my store logo on their packaging, but I occasionally get some people complain about defect shipment and where to send the item back. It's a headache.

>>10232893
cont
So essentially in tl;dr - Bigger networks would contract the onboarding process out to kids like me, who would do the dirty work of finding all of these kids to sign up and steal money from, which at the time wasn't an issue because they were making like $100 a month which, for a 13 year old, is a ridiculous amount of money

At it's peak, my network had a total of 7,500 channels with an average subscriber count of something dismal like 450, with only about 10% of which with over 10,000 subscribers. All but the top maybe 50 channels were locked at a 60/40 revenue split.

This business wasn't making anyone filthy rich(except for the MCNs that ran the whole business), however it was one of the most successful businesses I've ever run. It was my first real success and I learned a LOT from bein

>>10232945
>I learned a LOT from bein
...I learned a lot from being a part of that world and won myself a LOT of contacts of bigger youtube channels and influencers to this day.

>>10232952
>>I learned a LOT from bein
Let me finish it for you.

"I learned LOT from being a jew"

>>10233001
>I learned a lot from being a jew"
>I'm still poor, let me call you a jew

>>10232884
brainlet

>>10233001
lol what a useless comment. this is why you will be poor forever.

>>10232107
>Where do I start with getting my mom to learn finances so she isn't taken advantage of?

bogleheads wiki

>>10229926
Any thoughts on Market Samurai?

I inherited an advertising agency (mostly classic stuff like newspaper ads, cinema clips, websites for SMEs) and want to transform it into something better, larger, more ambitious and useful. I was thinking about content marketing (from production to multi-channel distribution) around emerging technologies (where I'm originally coming from), perhaps some Memewar (being a /pol/tard) sprinkled in between to support Western Civilization's struggle against China. Open to operate in America and Europe. Not afraid of controversial topics. Any suggestions what to do with it? What industries or causes could need determined, loyal outreach support? What are new technologies or media platforms I should try or expand into? Anything else I should consider? (I've 20+ years of business experience, so I don't need basic advice.)

>>10229926
BREAKING: Kylie Jenner Will Be Youngest Self-Made Billionaire.

What the FUCK are you doing with your lives, /biz/? Kylie FUCKING Jenner is worth $900 BILLION (that's THOUSAND MILLION) FUCKING DOLLARS.

And you are on /biz/. Scraping by. Shameful. Start a business you fucking losers.

https://news.google.com/stories/CAAqfggKInhDQklTVkRvSmMzUnZjbmt0TXpZd1NrY0tFUWpxeTlUVWpJQU1FU1lZckpYU0lOVFRFakpMZVd4cFpTQktaVzV1WlhJZ1ltVWdkR2hsSUhsdmRXNW5aWE4wSUhObGJHWWdiV0ZrWlNCaWFXeHNhVzl1WVdseVpTZ0FQAQ?hl=en-US&gl=US&ceid=US%3Aen

>>10229926
>>10229935
Thanks for the resources and making the thread. Good work on all your businesses. Mind if I ask how you came up with the ideas for the SaaS products and the affiliate sites? I'm uncreative as fuck and have no good ideas so I'm curious how other people came up with theirs. Thanks!

>>10234282
>Kylie Jenner Will Be Youngest Self-Made Billionaire
>she's worth $900 billion dollars
brainlet detected
1. $ and dollars are redundant
2. this isn't britbongistan, billion and million are two different things
3. if she was worth 900 billion she wouldn't have articles written saying she WILL be a billionaire

What are good places to advertise specific products and get a conversion?

If I use adsense I almost break even.
If I use Bing.. well, if I use the exact same settings on Bing I get almost no displays and clicks.

>>10234406
Obviously you didn't read the article and are just criticizing because you're a retarded little bitch.

>>10229926
sup bro how are you today? i was hoping i would find a new from you. I've got a pretty decent cash income right now but have no clue about coding and stuff like that, so, any recommendations where i can start to eventually one day live a free life

>>10229926
All of that is bullshit.

Try competing with 2nd-world countries for software jobs.

>>10234599
i like your parking garage idea and i also want to own rental properties (apartments/offices) and eventually buy and sell houses but i only have so much to work with right now you know?

>>10232915
how do you find the right chinks and how do u deal with the wrong ones if you already have an order?

>>10234632
Start with ATMs. Work your way up.
>buy for $3000(after shipping, installation, setup, internet, etc)
>stock with 2k cash
>set $3 surcharge and $160 max
>put it in a high traffic location, give the property owner 25-35% of the surcharge
Boom, then once you've saved enough buy another, and another. Then you'll be able to get a rental property.

>>10234626
>Try competing with 2nd-world countries for software jobs.
You're thinking of this wrong - those are your workers. Do freelance software development and outsource whatever you don't have time for/aren't experienced enough to do to the Philippines, and then just do QA.

>>10234915
>tfw i used to complain about chinks and pajeets undercutting me by 50% and straling contracts from me
>then i realized i could just get big contracts and outsource the work to them, all i would need to do is cold-call and market my idea to find clients
>and then i also realized that i could also just hire some su human to do all my client fishing for me

Is it.... Is it really this easy?

>>10229926
I was looking into trying out the ATM plan after reading your thread yesterday, and was reading today that I would need to get a contract with an ATM Processing Company as well. The article that I read said that I should look for one that charges $0.10-0.50 per transaction, but all the top results on Google looked kind of skeevy and wouldn't quote a price without contact info. Do you have any experience with this OP? The article said that they're needed to interface with Visa/Mastercard/etc, but I don't know why they don't do that on their own. Any recommendations?

>>10235020
>Is it.... Is it really this easy?
No. There are reasons many outsourced IT projects (even smaller ones) fail and businesses bring dev back home.

These are not future proof businesses, only a quick buck scheme (if you're lucky). In UK almost all ATMs are feeless. Drop-shipping could never work with one month delivery time for some stinky plastic shit that can be found at any hyper/supermarket. Social media 'gurus', 'rockstars', 'unicorns' are actually skilless high-school dropouts spamming the Internet through every possible channel. Affiliate marketing will make you pennies unless you're a certified scammer with millions of impressionable teenagers and young adults, like Tai Lopez and other copycats selling you motivational videos filled with inspirational quotes for brainlets. WebDev & freelancing is the complete opposite of passive, and it requires partnership, otherwise, you'll never finish the job; in fact, you'll probably end up working more hours compared to wage-slaving since you'll have to read for days to stay on top of it. And for those of you who suggested hiring pajeets of Fiverr, I laugh at you. You will never be taken seriously with that level of quality and lack of professionalism. Only amateurs work at such low standards.

>>10235389
And I forgot to mention: SEO is just good content on your website (and having a modern website overall), everything else is snake oil.

>>10229926
Fuck yeah. Hopefully this is a regular topic.

be me
24
software engineer

Here's some wins:

I made about 15k in 6 months freelancing on UpWork for IT shit and programming

made 1200 bucks selling targeted advertising in Facebook groups I run

combined maybe 200 bucks from affiliate marketing and adsense on stupid websites

once won 800 bucks on roulette (not repeatable or scalable)

current shit I'm trying to do/research:

niche sites/affiliate marketing. i've kinda done this in the past, theres so much bullshit on the internet its hard to research what is good.

continuing to consult on software/cloud infrastructure-- good money but it takes time and sales/marketing skills

growing my facebook groups/building a 'tribe' - I think there could be some value here as a traffic generation source and selling digital products on how to advance your career in IT/Software Dev or how to learn certain technical subjects. Lots of work.

Hopefully some good discourse from you fags in this thread

>>10230599
Where's the discord?

>>10230302
anytime you can't think of something, you are saying that the world is perfect and ideal. What can be solved with software?

>>10235389
>>10235433

Alright then Mr. Genius what do you propose then?

I'm going to introduce you guys to something no one has ever mentioned on this board. It makes a lot of passive money:

https://www.lexshares.com/

>>10235797
>https://www.lexshares.com/
Interesting, but how much do you need to put in for a worthwhile return?

>>10229926
Hey OP been following your threads

>self taught programmer
>start SaaS at 15
>goes 6 figure revenue through just one affiliate
>partner exit scams
>no idea what to do over next year and half
>repeat build new SaaS
>no revenue after 6 months MVP
>end up selling to break even on development time
>freelance web development/marketing/software MVPs full time now
>hard to scour contracts
>find niche industry that has massive cashflow for even the smallest companies
>slowly been tapping out clients in that industry
>$15k+ saved, $5k invested, lots of random IP worth who knows what, bills paid for few months
>18 now, live on my own $1k apartment, not frugal

not sure what to do from here. i like the ATM idea but i want to wait until i have another 10k liquid to play with. my income fluctuates so much i need at least 6 months saved up.

how did you build your web scraping bot for client scouring? usually that shit is a bust to be honest. cool to hear it works for you though. also did you have any case studies on the marketing side to sell clients on? or did you use your SaaS revenue as an example

i looked into slumlording but with a 20% down payment + expenses (even tax write-offs) but it would take about 3-4 years to turn a profit on a cheap condo. that is with a pretty high rent too.

>>10235870
>partner exit scams
I'm so so sorry - seen this happen more than once

>>10235938
whatever i was being a sadistic peice of shit to my partner and deserved it.

were on track to do 1MM revenue easily so in hindsight it was retarded

i'm anal now about contracts so it all worked out.

>>10235964
Good, make sure you are always in control of the money and product

>>10235816
I've never put in more than 10K. It takes a long ass time with litigation and the returns vary. From 50% to 300%, it honestly feels random. You're pretty much guaranteed returns because they won't take cases they aren't 100% sure they are going to win.

Only downside for some: you need to be accredited.

>>10235870
forgot to include my side incomes. they're pretty degenerate

>shylocking
>literally dropshipping weed to dealers

>>10232945
Thanks anon.

>>10235020
My experience dealing with pajeets is that it's a fucking nightmare. When they are not completely retarded, they operate on another fucking universe. Things that are obvious to you aren't for them, common sense doesn't exist. Their sense of order and aesthetics is null and you will waste a shit ton of time controlling every step they take.

>tl;dr avoid pajeets

>>10236112
>shylocking
and what exactly is this?

>>10236149
hiring the wrong pajeets. all the pajeets i hire do quality work for pennies on the dollar

>>10236549
loan someone 500 cash on ten points,
they pay me $50 weekly until the $500 is paid off

i don't take $499 and if late on weekly then goes over to next week

decent thread on biz

wowwwowooww

no shitcoin faggot dweebs

wowowwwww

>>10235140

bumpity bump

>>10236567
10 points of interest?

>>10229935
Thinking about doing parking lots as well. Can you give me some insight? Figured parking lots wouldn't be high maintenance as you just have 2 people manning the booth. No building maintenance or anything.

Any other anons are free to share their experiences.

>>10236837
this need more on parking lot

>>10236837
>Figured parking lots wouldn't be high maintenance as you just have 2 people manning the booth. No building maintenance or anything.
>>10237408
It's good but the cost of entry is extremely high. A good city block lot in a dense area will run you a million dollars minimum.

>>10229926
Commercial Real Estate (Multifam, Retail, Industrial, etc) is by far the best if you have enough capital. The tax incentives are absolutely absurd.

>1031 like-kind exchanges can allow you to compound your investments forever
>Interest deductibility
>Huge depreciation on certain capex

Not to mention local incentives

>>10236109
>It takes a long ass time
how long? years?

>>10234221
I was a chinese language major and currently work in a completely unrelated field (government oversight/non-profit). If you're still in this thread, I'd be interested in sharing some thoughts with you and maybe doing a little bit of collab as a hobby to break up my 9-5

lmk

>ATMs

This doesn't sound viable whatsoever. At least where I live (Australia) every pub, nightclub and venue has at least 1 ATM. I'm 99% sure if I approached a proprietor offering a cut of my ATM's revenue in his venue he'd laugh and tell me to fuck off--why would he settle for 40% when he could buy his own and take it all?

vending machines are probably more viable than ATMs to start a small business for yourself. even small things dispensing candy that you self package and charge $2 for.

its more open to being creative and hustling

>>10232141
I am in Europe too and the main drawback I've found for dropshipping is that there is high fiscal pressure (high taxes) and in some countries the red tape, regulations and requirements to open an LLC are insane.

In Spain it'll take me at least one to two weeks, lots of wasted time and money in paperwork and a mandatory 3.000€ starting capital. Which defeats the point of dropshipping being a low investment choice.

No wonder we have like +20% unemployment.

>>10235775
There's no need to be salty about it. And it doesn't take a genius to notice all these red flags.

>>10238101
>interested in sharing some thoughts
Sure, you have my attention.

>>10238642
Why not start as a sole trader (empresa individual) without minimum capital requirements then? If you fear being liable for damages to the shipped goods, get an insurance--depending on the goods you'll handle you should get one regardless whether you're fully liable or have an LLC.

>>10239574
Thank you. I didn't think about this because I don't know much about law. Isn't "empresa individual" the same as "autónomo"?
It may be cheaper at the beginning but you still have to pay a few hundred every month to the state to be allowed to work. In a year or so it ends up being more expensive and you're personally liable for any thing that may happen.

>>10235389
My website earns about 25 euro on affiliates per 1000 unique visitors (2000 views or so). And 2,5 euro from adsense.

>>10240229
I have spread multiple affiliate programs across my website. But 95% of the income seems to come from a single one of them

>>10240246
The funny thing is that on paper the other affiliate programs are better. With higher cookie retention rates and what not. And sometimes even a higher amount of visitors on those pages on my website. Yet for some reason they dont convert. And I cant find any logical reason for it.

I'll chime in.
I'm a firm believer in sticking with what you know. I work in real estate, running a business making solid money. I'm starting now to invest in real estate. I have no mortgage on my house and will have none on my investments.
Real estate imo is the safest bet. It's a physical asset that hopefully appreciates when the markets running. You collect your rent when the markets shitty or slowly climbing, then you dump it when the market is flying. Buy larger or better when the market cools again.
I realize it takes capital to start, but buy dumps, learn to fix them, rent them. Say you get 5 of them and it's too much to handle, sell 4 buy 1 better one

I can go on and on but this is a good start

>>10240681
If you don’t take loans on real property and finance 100% yourself you won’t succeed.
Read art of the deal

T. Someone who owns more real estate than you

>>10240702
If your financing it you don't "own" more real estate then anyone.

Financing has it's place but it's not for me and quite frankly I have the luxury of not having to.

>>10231665
>Affiliate Marking / Social Media Marketing will only work if you have a high amount of audience (not 1k, 100k+) and will take lots of time and dedication unless you're not interested. Marketing of any kind needs an audience and those only way to reach audience fast is paying through advertising.

true but can't simply ranking high on google search results be a good form of marketing? If your site is #1 on google it will bring in traffic. Niche sites may not have a ton of searches but you may have better results if you go the niche route rather than a site that is the same as 10000 other sites

>>10240681
Debt is good if you can bounve off it. Borrowing 1 milion $ to invest it all and get 5-10 times the amount of it is a pretty damn good plan.
Sure its safer to just go with a 0 debt plan and slowly drudge through, but there is no harm in debt if you're not retarded.

>>10240884
This. There's a reason the LBO is insanely profitable. Your return on a $100 investment you bought at $50 with only $10 of your own money is much higher than if you used $50 of all your own money.

>>10229935
I love your threads but how about any proof that you actually make the money you claim

>>10238185
Saturation is very real in this business - a good way to find clients is to find new developments and get in contact with them before the bigger ATM companies in your area can get in contact. That, or have a connection to somone who owns the location. In my case, I was already doing web development and SEO for the locations I have ATMs in.

>>10241194
Sure, what would you like to know or see?

>>10232813
Drop shipping works, you just have to throw some nice graphic together and learn how to rebrand products. Most of my drop shipping sales dont come from facebook though, they come from instagram influencers in my niche. I can pay like 20 dollars and get a couple hundred dollars in sales. It's also important to build organic traffic through SEO and your own social media pages, instagram is so fucking key for this, there are groups you can join where you mutually promote each others shit, you follow each others instagram pages and like each others posts which makes instagrams algorithms promote your instagram to more people, it took me 6 months of that and botting (where your instagram automatically likes or follows people who are interested in your niche then unfollows them a few days later) to get my instagram to like 100k followers, once you get a good mailing list going from the sales you get you essentially have a money printer, every time I send out coupons and new product promotions I'm guaranteed sales.

>>10234489
Instagram is king right now

>>10240748
It's hard to be rank 1 on google without a strong DA/PA. Getting higher DA can take up to 5 years. Depending on the market you may never be rank 1 if you are competing with things like Wikipedia or Amazon because they have a perfect 100 DA.

>>10242020
DA is domain authority and PA is page authority. This is part of SEO.

>>10235140
bump

>>10242033
If you find a small enough niche or a promising combination of words you can become number 1 on google, my friend got to number 1 on google selling for certain car parts and radios and was even out ranking amazon.

>>10229926
On shit, I didn't see this thread when I posted >>10242650. Same question. Do you think it's worse than a few years ago?

I'm about to create a blog / website to get onto the amazon affiliate program.
Does anyone have already some experience with this?

Can I be banned if I create an affiliate link for exactly the products all my friends are going to buy on amazon?

How do I target a market? I'm thinking about dropshipping stuffed/stress toys.

>>10229926
I have 10k. What's the best business to invest in?

>>10240040
I'm not familiar with Spanish law, so better check for yourself. "Profesionales autonomos" is for professional freelancers (AFAIK it requires a vocational or academic degree). Guess that's not applicable to dropshipping. The practical difference from sole trader is mostly a different handling of value added tax affairs where your customers have to pay it to the tax office directly instead via you.

Start as a sole trader until you have the capital to open an LLC. This gets you working (for cheap) and you see whether dropshipping is your thing or what modifications you'd do to your business model (before you enter the business purpose when you register your LLC). Otherwise see to get a (private) loan if you think you need an LLC from the beginning.

>>10240702
>Read art of the deal
That's a good advice for anyone here.
Plus there's a difference between personal debt and business debt. Avoid the first, work with the second.

>>10242735
Third party market studies plus conduct surveys (who, how to brand, channels to reach and distribute), perhaps buy/produce small series and see what works, have some fantasy, put yourself into your prospective customers' shoes. And you should ask the producers of the toys you're about to sell.
Pic related, a very direct survey approach to understand your target audience.

>>10242718
I'm in the process of creating one right now. How do you plan on writing the content? Yourself or others?

Anyone know anywhere good to get non-pajeet writers?

>>10243843
I'm going to be a personal trainer, so I will use those affiliate links for some extra gains from my customers.
Simple blog posts, there is already everything out there, some re-writing and the links.

>>10229926
good thread. hope this stays alive. good refresher also what is funny is that by 2020 we'll have to add CHAINLINK NODE OPERATOR

>>10229935
Interested in your rental property. What have been the most significant downsides to this so far? What are the biggest challenges? What are you afraid will mess it up?

>>10230165
An ancap actually building business and making money.

Thank you for being awesome and sharing value

What do you think is going to be the next big thing? I was tinking about twitch/live streaming in general, not as a content creator but as an advertiser.

>>10245374
It's going to be 3rd world pajeets scamming low IQ 1st world brainlets with passive income schemes.

>>10235389
This guy knows what he's talking about. It's a casino gulag.

Even if you program for a living you still won't be able to have passive income taking projects online unless you dedicate your full attention to it.

>>10244650
>. What have been the most significant downsides to this so far?
The massively low margins. 10k investment and only about $500 a month in profit

I rent to my friends though so that's an upside

>>10246263
20k*

think i'll jump in

Ownership in 3 FBA businesses

Affiliate Marketing Site

Merch by Amazon

Dropshipping (learning FB ads atm [expensive])

anyone in these niches?

>>10236567
Could be, that was my experience working for a billion dollar company. From 20 pajeets, 1 would be OK. Even management. I wouldn't go through dealing with such level of ineptitude again.

None of the shit in the lower brackets seems viable, especially in Germany. Maybe the ebook stuff is, as a short term type deal.

Guess I'm saving up some capital and just trying some of the more expensive stuff. But that involves getting a loan and potential private damages if things go south. A scary and dangerous prospect for a bleeding newbie. Is there anything else where one can 'get their feet wet' with a starting capital of a couple of grand to blow, just to get experience in the biz world? I Don't mind losing it as long as I don't have to fear losing private assets due to unpaid loans.

>>10242718
No one doing amazon affiliate stuff?

>>10246263
How are you calculating your profit? I'm assuming you're not including the equity you're building? Renting looks a lot better when you consider that.

Oh and a question about the ATMs, don't you need a license for that?

>>10246749
Two more questions. Do you insure the machines and who does your processing? Thanks!

>>10246483
You could start as a self-employed sales agent (Handelsvertreter) for several third parties. Your expenses are mostly customer acquisition costs, your risks are that you don't market well and that contracts are canceled / products are returned. The producer usually covers product liabilities, though some may require that you have insurance against faulty customer advice. That way you get to understand your markets better and later perhaps you produce stuff yourself where you see existing products are lacking features. If you have a market niche you're passionate about and that's profitable for you, you can scale this business up by employing a sales team.

Is there any industry or topic you're interested in?

>>10246783
wondering about the processing too

>>10246718
Oh well yes but I'm just saying for monthly revenue

>>10234905
How to find location for atm?

https://lookism.net/Thread-JUST-LOL-IF-YOU-RE-NOT-A-EWHORING-FEMALE-IN-2017

Is pretending to be a female and ewhoring a legit way to get rich? has anybody here done this before?

>>10247834
please leave

I am starting a hardware startup with a friend but I hardly see it becoming profitable for a long while.

Where's the discord?

>>10247834
I had a friend who used to bait people on tindr into giving him btc for pics back in 2014

>page 9
Bump.

Also, anyone interested in the New Space industry?

Bumping this up. I'm sick of all the threads on memecoins.

I'm looking into translation work. I know Spanish and English. I'm trying Fiverr and so far it hasn't yield any success.

I'm thinking of going for a PhD if this company fails honestly. I would like to start a business after it though.

>>10236109
>Only downside is you need a million in net worth

Larp more

>>10250118
too common. translation might work for less common languages

>>10250376
OP here and this anon is correct
a friend of mine dubs anime to afrikaans and is making stupid money doing it

We need more threads like this, not idiots screaming "LINK MOON WEN"

>>10250376
>>10250407
Makes sense

>>10229926
>Vending Machines
This sounds good, I already know a perfect place for one, got a couple questions:

1. I work in a big company and we have none of those, any downsides of running it in your workplace?

2. How do I know what monthly/yearly 'rent' is acceptable? If the company asks for an amount I would never even dream of getting?

Made a discord
https://discord gg/KexX3m
Come thru so we can brainstorm and be the next elon musks

>BUMP
Where do you guys and OP get your business ideas? Like where do i add value and improve on some aspect of life, do i look on udemy? youtube? twitch?

>>10250700
My guess >>10230165

i got the SaaS from a guy i played habbo with no joke.

turned out to be super lucrative. thanks habbo>>10250700

>>10234282
shes worth 20 mil you Fuck

>>10250753
dayumm so games w that small user base still make money?
So i can make it if i make something like an arena deck builder for hearthstone, or deck tracker, or league of legends strat app that rates your lane match ups and item/runes/skills

>>10250811
all sound great, if you can get some high viewer streamers to advertise it, even better

>>10250811
no a guy i played habbo with called me years later and pitched me his idea. i coded it for equity and made a killing. he exit scammed. my posts are way up

How does one come up with SaaS ideas? I would like a secondary income stream.

BIZ PLEASE ANY IDEAS- i got about 1.2mil capital rn

>>10251082
ill build you a saas for 100k in eth

discord invitation link doesn't work??

>>10247117
Im almost done with my electronic engineering bachelor so I love all things technical. There's also board games and language learning
But how would a random shmuck even start with sales

What about a business in the farm industry fellas? How much to start?

>>10251551
a buddy of mine is growing hydroponic lettuce, apparently the industry is changing since the boomers and their old farming techniques are dying out

>>10230583
EXIREDDDDD

>>10251603
How much did he invest

Is anyone here a slumlord? I'd fuck some people up and get my dick sucked and shit

>>10250700
find a niche community and see if you can solve a problem

theres twitter hashtags and subreddits for shit like "someone should invent this" if you want stupid ideas from people

>>10251704
500k for the greenhouse which isnt even that big,

>>10229926
I would not have sex with this "female" , yuck, quit posting this shit.

>>10251820
Damn i'll be nowhere near that sum to invest in at least 10 years

>>10251903
>
Google aquaponics. Will be the fastest growing primary industry within a decade

>>10251388
How would a random schmuck start with anything? By thinking a bit, doing it, and not waiting for permission. Get yourself (or your product) known, then you're no longer a random schmuck.

Are you interested in running a side-business while you do your master's? Do you like EE and want to work in the this domain?

>>10250700
Most of /g/ and /pol/ seem to hate him, not sure what /biz/ thinks, but to get you started or at least thinking, try this.

http://paulgraham.com/startupideas.html
http://www.paulgraham.com/ambitious.html
http://paulgraham.com/ideas.html

>>10252214
>http://paulgraham.com/startupideas.html
>http://www.paulgraham.com/ambitious.html
>http://paulgraham.com/ideas.htm

thanks anon. holy shit thats useful.

>The way to get startup ideas is not to try to think of startup ideas. It's to look for problems, preferably problems you have yourself.

>The very best startup ideas tend to have three things in common: they're something the founders themselves want, that they themselves can build, and that few others realize are worth doing. Microsoft, Apple, Yahoo, Google, and Facebook all began this way.

Problems

>Why is it so important to work on a problem you have? Among other things, it ensures the problem really exists. It sounds obvious to say you should only work on problems that exist. And yet by far the most common mistake startups make is to solve problems no one has.

so simple yet so helpful.

>>10252390
Then you'll probably love this as well. Sam is Paul G.'s successor at YC.

http://playbook.samaltman.com/

>>10229926
i must be a retard. i cant open the spread sheet. I copying and pasting the link and its not working

>>10252418
thanks my man.

>>10252435
You are a retard lol. Add a dot com and remove the spaces. U welcome

>>10252435
The link needs a . com and you need to close the spaces

>>10252461
i removed the spaces but did not add the dot com. Thanks for holding my hand

>>10252214
>Are you interested in running a side-business while you do your master's?
Yeah, very much so, which is why for the last couple of weeks I've been carrying a notebook with me and writing down ideas


>Do you like EE and want to work in this domain?
I like EE, yeah. I want to do more with it than just wageslaving though. None of my buddies that already graduated enjoy that. I don't believe i would either.

>>10252568
I actually have a few contacts to China through my girlfriend and school mates, so I'm thinking how to capitalise on that

discord invitation ?

>>10234905
I'd be interested in doing this if you care to expand on a few points.

How did you get started in it and where do you source your atms from?

How do you find high traffic places, is it foot fall or actual expected numbers.

Have you ever had problems with vandalism or robbery or any of those kind of issues?

I live in Bongistan and I've got about 3k saved up in investments, but I want something that is going to have a better turn over and I can actively manage as a passive income.

Getting tired of being a wagecuck for other people, so I'm willing to grift for it.

Also kudos for actually putting something business related on the /biz/ board.

In the crypto world you can set up mining or node-based income.

It does require upfront capital and market timing but can provide a passive income. I like masternodes/staking systems.

Not saying it's safe, but all investment is risky.

>>10252568
>>10252587
>China
Just be careful with geopolitical fuckups and (the resulting) regulations.

I tried FB+Dropshipping last year. Found couple of winning products. But could not scale as FB algo fucked up everytime. Dropshipping needs lot of patience and hardwork. I found POD to be more sustainable as you can source feom USA and you have unlimited possibilities on design. But then you need to find the market and buyers that you can scale which is hard. I stopped the ecom/DS for now as i found crypto to be more lucrative. Fuck.. I didnot cash out in Jan as i got too greedy and now i am just trying to riding out the bottom. Not sure how deep this will go. I am thinking of combining my shopify+social media marketing skills along with crypto to launch a store like a crypto apparel or sth. The marketing skills is valuable thy you can apply to any field. Although i lost money in Dropshipping but i learned about sales and marketing first hand. Any beginners here i suggest to try out Dropshipping with very small scale just to get that experience.