/biz/ - Business & Finance

Noticed that this thread generally gets more traction at night so I'll try to post around a little after 5PM EST.

bump

>>24520415
I've started building a web service and hope to get something usable in a week or two.

I read the Millionare Fastlane in two days and I think my idea hits all the requirements of CENTS. Gonna post some excerpts from the book bc /biz/ is lazy. Thanks for baking another bread anon, I won't let you bump alone

“Seedling 1: Rental Systems (Passivity Grade: A)

Real estate is one “rental system.” Iconsider real estate money trees as Fastlane 1.0 or Wealth 1.0. It is the old way and still very much a road to wealth. For example, Iown a single-family rental home with a great tenant. Icould be living on the moon and eachmonth Iget a check in the mail because my time is detached from its income. Real estate is a perfect example of Wealth 1.0 because real estate is its own system. It is 95% passive. As time passes, tenants pay landlords to use their property. From single families to apartment buildings to massive commercial office buildings, real estate has always been the default choice for seedling money trees. Furthermore, real estate is an asset that can be manipulated and its value appreciated. Appreciative assets (asset value) are cornerstones in the Fastlane wealth equation.

Don’t want to get involved in real estate? No problem. Rental systems aren’t just reserved for real estate.

Rental systems can come from a variety of other sources: leases, royalty payments, and licensing are other forms of “rental systems” that can produce reoccurring income. For example, when you own the rights to a music collection, corporations have to pay you a royalty to use the music. The work might have been recorded decades earlier, but it still generates royalties.

Likewise, if you invent and patent a product process and license it to other companies, you again earn income from the licensing fee. The patent was invented and registered, yet its income survives time exclusive of your time. Photographers can earn licensing revenues by allowing others to use their photos. Cartoonists license their artistry to book authors and newspaper producers. The cartoon might have been created years ago, yet, it survives time and generates rental income for the owner.”

Excerpt From: MJ DeMarco. “The Millionaire Fastlane.”

>>24521485
Thanks Anon, I plan on finishing the book next week though I've been stuck with finals. What exactly is CENTS? What stack is your web service going to be on? Feel free to post it here when it's up, I'd love to support it. The Anon who made memeatlas.com is usually around this thread as well, I'd love for this thread to support eachothers ventures ^^

“Seedling 2: Computer/Software Systems (Passivity Grade: A-)

My preferred system is computer and software systems, including the Internet. It’s no shock that the Internet has paved the road to millions more than any other road out there. In fact, Iheard a statistic that the Internet created more millionaires in the last five years than the previous five decades combined. What makes the Internet and computer systems so potent?

Computers are miraculous inventions and fertile seeds to money trees. They work 24 hours a day, 7 days a week, and they don’t bitch about working conditions or that you don’t pay them enough. They don’t whine about co-workers like Lazy Joan or Same-Shirt Bob. Computers aren’t late, they don’t ask for pay raises, and they don’t care you just bought a new Mercedes. Nope, they just do what they’re programmed to do and it’s done.

What sets the Internet apart from real estate is it implicitly contains leverage. When you own a website, you’re accessible to millions. When you own a three-bedroom home on Elm Street, it’s accessible to a few. This duality makes Internet systems one of the best business seedlings in existence.

Additionally computer systems aren’t limited to the Internet. It could be software or applications. Some of the richest people on the planet like Larry Ellison of Oracle or Paul Allen of Microsoft are software billionaires. Software enjoys plump margins because it is easily replicated. Once the code is written, it’s done. You can easily sell one or 10,000. Can you replicate an office building with ease? You can’t.

cont.

>>24521885
Software millionaires can be “average Joes.” Facebook and iPhone application developers are making money fast. One iPhone developer, Nicholas, raked in $600,000 in a single month with a single iPhone game. In a phone interview, Nicholas said that he wouldn’t be shocked if he became a millionaire by year’s end. Wow. One day Nicholas is treading the Slowlane at his nice cushy job and popping a few Benjamins into his 401(k), when suddenly he finds himself smack in the middle of a Fastlane. Of course, the road to the Fastlane wasn’t easy for Nicholas. An engineer at Sun Micro Systems, he worked on his application after working eight-hour days, cradling his one-year-old son in one hand and coding with the other. How did he learn how to code an iPhone app? Nicholas couldn’t afford books so he taught himself by scouring websites. Hmmm . . . do you smell process behind the event?

Software, when tapped into potent distribution, can be replicated to millions. It scales without significant degradation to passivity."

Excerpt From: MJ DeMarco. “The Millionaire Fastlane.”

>>24521876
I've still got a week or two before finals myself. Rn it's based on Django just bc it's quick to set up. I have a full REST api already. It's gonna be kind of like YikYak was but actually anonymous, so even I don't know who you are.

I've seen the guy from memeatlas in here, it's a cool project. I'll support everyone's projects, these threads are comfy. Gonna write something up on CENTS bc it's spread through like 5 chapters of the book

>>24521485
What's the web service for?

>>24522341
Give us a subscribe mate?
https://youtu.be/vQL1M8V5ikg

>>24522461
Welcome back, have you been able to monetize these videos yet?

The youtube algorithm is weird as fuck, about a year ago I uploaded a video of me typing on a razer huntsman elite keyboard and it stuck around a couple hundred views.. then in two months it exploded up to 25k out of nowhere, probably having "razer huntsman elite" in the title and it being only about 20 seconds long makes for a quick and easy view lol. Vid related
https://www.youtube.com/watch?v=mMLmCViaFKI

>>24522516
I need 1000 subs before being able to monetize. I'm not even sure if they will given our conversation in the previous thread

>>24522622
I gotcha. Maybe you should try adding some drawins/images and read it yourself? Or even better, just ask a girl you know to read it for you ... can't believe nobodies done that in all honesty, a girl with a pleasant voice would definitely draw in a crowd.

>>24522461
I'll drop a sub but it may hurt you in the long term. You need your videos to get views and rank in the algo. See >>24522644, reading it yourself is an awesome idea and will vastly improve the videos. I would also consider checking out r/4chan. All the best greentexts in a day get posted there and you may find some that you didn't see. People are looking for funny greentexts, not people asking for help or complaining.

>>24522376
See >>24522341, kind of like YikYak. If anyone from the YikYak era are around and wanna give any input on what they'd want to see lmk. For those unfamiliar, think Twitter but within a 1 mile radius of you

Just to start off, this will be a small scale bussiness. I don't know if it's proper for this general, but I still could use some help.

I inscribed in a nation-wide contest (not american nor yuro) for young entrepreneurs without hoping to win, yet I managed to do so.
I now will have access to a free kit of gardening power-tools.
The project I signed for it was for managing a native-flora exclusive vivarium who also offers landscaping services. While I did a short gardening course and I'm currently studying to become a park ranger, I have no experience on the matter, much less about being self-employed.
Too much, too fast. I want to be happy but I feel overwhelmed and I could use some advice.

There are other problems aswell: I don't have enough space to make a significant plant production. There are a few places I could talk to and acquire space, clients and bussiness partners, but I lack a development plan and I don't know quite what to say to them:

-The city's official vivarium and orchard (not the best place to start at but it's worth a shot).
-The eco-friendly ONG's farm I started volunteering recently at (perhaps I can borrow a small poatch of land for them and share the profits of my sales and services?).
-A nearby native-flora vivarium (I believe they don't offer landscaping services. Could I offer them a partnership using my tools? I can also try to talk them about how they got into bussiness and gain some insight.)
-A nearby agrarian college. I can both ask for space and share the profits *and* get some formal knowledge about managing a vivarium.

Working on a news aggregator specific to crytpo and blockchain asset headlines. Would anyone here use an app like that, and how could I monetize this besides affiliate links and asking for donations?
Feedback is appreciated

Control
Entry
Need
Time
Scale

Control:
Do you have full control over your revenue? Does your business idea rely on another service for your revenue? For instance, if you plan on monetizing with Google AdSense, Google can revoke your advertising privileges whenever they want. They could take all revenue from you for whatever reason they deem fit. You don't have control over your revenue in that instance.

Entry:
Is the market you're entering oversaturated? Are you competing with 10 other companies or 10,000? The easier something is to do, the more people will be doing it. You want a balance of not too saturated but not too niche.

Need:
Is your idea because you want to do it or because people have a need for it? If you don't fulfill a need, you'll never gain traction. Make sure your idea is focusing on the needs of other first, not your desire to make a business out of something you enjoy. If you do that, you may find yourself hating a passion you once loved.

Time:
What good is being your own boss if you don't have time to enjoy the fruits of your labor? Make sure your revenue is split from your time. Can you go to sleep and have revenue continue to pour in? Or do you only make money when working? If the latter, you have a glorified job.

Scale:
Your business must be able to scale in one of two areas: cost per unit or number of customers. If you sell something at $2/unit but have 1mil customers, you'll make money. If you sell something at $240k but have 10 customers, you'll still make money. If you have a small amount of customers as well as slim profit margins, you'll never get anywhere.

>>24523464
or maybe just a content aggregator where you can pull up white papers/documentation of whatever shitcoins you want

>>24523391
Your best bet is to talk to people local to you. I have no expertise on the matter but if you won a contest they must be providing more than just tools, no? Talk with whoever you can, I'm sure lots of people would be happy to give you some guidance.

>>24523464
>>24523649
You could try approaching new coins to have them pay to list on your aggregator. Or do lead generation where they pay you based on how many people you attract to their coin.

As a new dev that's been learning and honing my skills over the last few years (only being distracted by crypto) I want to build a novel new defi coin that isn't a clone of the greats. Something meme-y that may catch fire during the 9th iteration of it's conception. Allowing me to make millions without rugging holders.

My question is are there any devs that want to come together and do this? I've found the key in a bullrun is to not overtrade and the last month I've been back writing code and honing my understanding of web3/eth ecosystem and I've made more money with my shitcoins than I did the 3 months prior. Idle hands are the devil's playthings sort of thing.

Anyways I'm rambling but an idea I want to try out to improve my dev skills is some kind of prediction tracker. The idea is simple go on pol/biz/reddit/sports gambling forums. Capture all "insiders" predictions, sports betting picks from users, "redpills" etc. And map them on-chain attached with the relevant information from the users who "predicted" these things. This includes "psychics" and "chaos magician wannabes" that think they have powers of divination. Then I create a nice react front end that maps all these predictions. The predictions that end up becoming more accurate go up in the leaderboard or become more visible amongst all the nodes/noise of the visual data maps. And when you click on one of these more accurate predictions, it will take you to the blockchain proof, timestamp, info on the user if there are any, maybe even a tipline to tip them for more future telling. Point is eventually it will become a way for fortune tellers to cash in on their skills if they can correctly forecast the future. Maybe even we can privatize some of their predictions once they establish a good enough track record and then you will have to use a smart contract to pay for their predictions. I dunno. Again I'm rambling too long

>>24522644
>>24522982
Thanks guys. I might scrape from r/4chan then, good idea. Do you think I should keep the 5 stories in one video thing or do 1 story per video? I could ask my girlfriend to read it to be honest

bump

>>24524605
get your gf to do it, also, sort by best all time/month to get the highest upvoted ones, usually are funniest. Maybe you could experiment, do a vid with just one greentext then another vid with a few. Short vids /might/ do a bit better since they're easier to view

“Seedling 3: Content Systems (Passivity Grade: B+)
Content systems are systems of information. That information can be fused to a variety of other systems, like the Internet and physical distribution systems. This book is a content system that Ican effectively move through other channels, like Amazon, book distributors, or other mediums of reach.

In the old days of wealth, striking it rich via content meant you had to be a newspaper mogul, magazine publisher, or successful author. Control the press. Distribute content. Information, like software, often has ease of replication. Ican print 10 million of these books. Iwill never own 10 million pieces of real estate, nor do Ihave any desire. Like their software counterparts, some of the richest people on the planet are successful authors.

In a few short years, JK Rowling, author of the Harry Potter brand, went from being a 32-year-old divorced English teacher to a media mogul worth over $400 million. The single mom has sold over 30 million copies of her books in 35 different languages. Iguess she didn’t hear the excuse, “I’m a single mom and Idon’t have time.” Ms. Rowling recalls the happiest point of her life—not the acquisition of millions, but the point at which she could write full-time.

Similarly, Dan Brown has sold over 80 million copies of the DaVinci Code in 51 languages. Let me be perfectly clear: If you sell 80 million of ANYTHING, you will be a very rich human being.

cont.

>>24524888
The latest trend of content distribution has merged with computer systems. Video blogging (YouTube), social networks (Facebook pages/Instagram channels), e-books, and online magazines all serve the newest hybrid of computers systems and content distribution. In fact, this new combination is so powerful that it is driving many of the old, hard-line models out of business. Paper newspapers and magazines are officially endangered to be extinct in the coming decade. Change creates millionaires. Those who see the changes and take advantage of it will become the new millionaires and billionaires. And because change is constant, millionaire opportunities also remain constant.

Content also survives time. This book might have taken me years to write, but it also survives years. If someone buys this book five years from now, I will earn a small profit on a time investment I made years earlier. The content is an asset that is salable, over and over again, and with each sale, the effective time cost declines while the hourly rate of return expands.”

Excerpt From: MJ DeMarco. “The Millionaire Fastlane.”

>>24520415
neeeeat, we didn't had these threads for nearly 6-10 months

glad to see them back again

>>24523649
>>24524040
That's a good idea contacting new projects. I'll need to make my presence known in the crypto space somehow, but it will definitely help my marketing to have newer, smaller projects featured. I also thought about getting donations in BAT, but I'm.getting ahead of myself.
>>24523481
This should go in every thread's OP, golden advice

bump

>>24525331
I suppose I'll add CENTS to the OP, thanks.

>>24523391
I don't have the answers for you but your ideas sound solid, if that helps. I grew up in landscaping, my whole family is landscape architects, gardeners, I do tree consulting etc. but I don't catch exactly what it is you're trying to do. This part in particular I'm not sure what exactly you mean:
>The project I signed for it was for managing a native-flora exclusive vivarium who also offers landscaping services.
I know some cities have put aside a vit of land in urban areas for volunteer gardeners to take care of flower beds, and also for growing herbs and vegetables. Maybe you have some space like that? I'd contact your parks department and see if they have anything to offer.

>>24522341
>>24521962
>>24521885
>>24521788
>>24521788
Great posts, anon. Bump for more of these types of threads as well.

>>24524040
Thanks a lot, will do. I need to submit documentation at the center that will supply me with this toolkit, and it would be a good idea to both call them and ask them in person.
>>24526266
Well, that would be a solid idea.
The start-up that I came up with is a bussiness that would supply native plants and landscaping services to the general public, natural reservations and public green spaces.
Thank you.

Hey I heard from someone on this board that he bought Japanese property through AirBnB and he was renting it at hotel prices. He told me he was making 100% in 3 years.

How is real estate in Japan? rural area vs city area? I assume for city areas I absolutely need earthquake insurance. I'm also guessing because of the constant earthquakes buildings are much cheaper than say Australia, New York, California, Hollywood.

“Seedling 4: Distribution Systems (Passivity Grade: B)

A distribution system is any structure or organization designed to move products to the masses. Distribution systems can be hybrids with the other seedlings, such as content and computer systems.

If you invent and manufacture a new product and sell it on QVC, you are leveraging a distribution system. If you sell that product via infomercial at 2 a.m., you are leveraging a distribution system. If you sell your product to four wholesale distributors that, in turn, sell it to retailers like WalMart and Target, you are leveraging a distribution system.

When inventing any product, the invention is always half the battle. Distribution is the other. The greatest product in the world goes unused if it “isn’t leveraged into the proper distribution system—either one that exists, or one that you create.

Amazon.com is one example of a distribution system that Iuse. This book sells on Amazon and is available to millions. However, a book sitting on Amazon represents unrealized potential, like a 1,000 horsepower car sitting in the garage. It is my job to push the engine and drive the distribution system’s power. The tool exists, ready to be exploited by successful (or failed) execution.

Our iPhone developer leveraged the iPhone “App Store” to move his software. This was his distribution point. Without the distribution, he couldn’t sell software.

Distribution is a means to move product to the masses. Some systems are better than others and when it comes to distribution, it all depends on the control structure. If you create a network marketing company to sell your new vitamin product, you are creating a powerful distribution network capable of earning millions. If you join a network marketing company, you are electing to be a gear in the distribution process.

cont.

>>24528835
based

>>24528835
Another potent form of distribution is franchising and/or chaining. When a successful store concept is branded and systemized, it can be replicated and sold to other individuals. Savvy Fastlane entrepreneurs recognize that a successful local business with weak leverage can be made highly leveraged by franchises or chains. Does this path sound familiar? It should; this is what Starbucks did to become the biggest coffee chain in the world.

Other restaurants deploy a combination of chains and franchises. Dairy Queen and McDonalds have both chains and franchises. If your business operates in limited scale, it can be conquered with chains and franchises. If you own one hot-dog cart and sell at one location, there is no leverage. If you own 500 hot-dog carts and sell at 500 locations through 500 owner-operators, suddenly leverage appears. The Fastlane wealth equation has power.”

Excerpt From: MJ DeMarco. “The Millionaire Fastlane.”

>>24521962
Any anons know of any marketplaces where you can buy and sell boutique software programs? While making memeatlas I found myself writing a lot of small programs to automate tasks that I didnt feel like doing by hand. Like finding duplicate images I had, resizing images, etc. It got me wondering if there was a market for this. I assume fiverr has something like this but its too broad. It would be cool to do small gigs where you could write simple programs and sell them to people.

> shameless promotion

https://www.memeatlas.com/

Sup, share you opinion anything about duckdao.io?

Came across this platform, looks interesting with open source crypto card game and investment options with long-term partnership.

>>24520441
Thanks

>>24529174
try it out and see what happens, seems pretty well made.

>>24523481
>Make sure your idea is focusing on the needs of other first, not your desire to make a business out of something you enjoy.
So true. I hate those fools that preach, "do the job you love."

>>24520415
BUMP this shit

>>24524318
>I've found the key in a bullrun is to not overtrade
I was thinking the same exact thing. I forgot about my portfolio until recently and realized a healthy profit. It's good to take your mind off of crypto and do something fruitful.

Anyways, I think you'll end up with the ultimate insider knowledge but you'll need to put up gatekeepers on those predictions or they'll become useless. There was a guy that ran a betting group and had member pay $50/month. But this violated the time aspect.

>>24522461
do these tts videos get monetized? i know they stopped paying channels like these.

>>24529996
Yep, while all the normies and fools are busy with crypto, we're busy investing in ourselves.

>>24529996
thanks Anon

>>24529969
I feel quite fortunate that what I love is what I already want to do, computers ROCK! :DDDDDDDDDD

>>24530074
They do not, though I believe that Anon is going to try getting his girlfriend to read the greentexts and maybe add some pictures or something, looking forward to it. I'll try it out myself for fun.

>>24530088
It just didn't sit right with me that the "Business & Finance" board was entirely crypto, nothing wrong with it, I just expected ... more? I didn't know other Anons felt the same way until I decided to make the first /eg/ a week ago

>>24520415
Anyone been on r/entrepreneurridealong? Thoughts on scaling local cleaning businesses?

yes yes i know >reddit

>>24530149
/biz/ was founded because of the Buttcoin threads on /g/

It's always been filled with losers who want easy money.

>>24530455
How aggresive is your marketing, and can you claim to clean so good that you remove covid entirely from offices?

Bumping for quality content.

Anyone here managed a crypto scam or a big crypto project to the likes of ETH, Cardano, LINK, Monero, Litecoin, DASH? how was it like?

In the case of Monero, Litecoin, Dash which are basically stablecoins how would you make money?

All the money makers seem to come from Exchange owners. Sergey outright dumps his links on the market like a retard.
And I don't know how Vitalik makes his money.

It’s more of a side hustle but I live in a big city and dumpster dive. Young people throw out really nice shit. I clean it up and sell it on Mercari/eBay. Stick to apartments and around colleges. Rich suburbanites don’t throw anything nice away imho.

>>24531096
I saw a youtube video of people in NYC just taking the loot left behind by NYU students, it was mainly regular ass people and not even homeless who were getting into it lol. Rich uni students left behind some really nice shit.

>>24531096
Found it
https://www.youtube.com/watch?v=sg465Igbxyw

>>24531366
>>24531345
Come around at the end of every semester and you’re bound to get good loot. College kids are so wasteful.

>>24529092
You could make an upwork account. Ik there's a section for scripting and automation:
https://www.upwork.com/search/profiles/?category_uid=531770282580668418&occupation_uid=1110580764771602432

>>24530088
Crypto / investing is what people like me do for fun, and to make more money faster after you have developed steady wealth and income from being an entrepeneur. The thing is, the more time you waste talking shit in these threads, the longer it's going to take for you to get to that stage. So there's a reason why these threads are rare and why this board is full of shitposting - cause people investing money are either a) already rich, or b) out there, hustling, on their way to getting rich so they can come here and shitpost

in other words, /eg/ is fucking retarded. go out there and hustle, make the money, then come back and shitpost and invest in shitcoins with us in 5 years

>>24531553
Nice. Thanks anon.

>>24520415
Anyone have any good ideas for a website to develop? I feel like finding something decent is harder than actually developing it.

>>24532290
Ya but when it hits you, you'll know it. I mentioned it in another thread but if you dont know exactly what you want to build just develop the skills that you need to build it when it eventually comes. That way you maximize your time and effort. If you had to learn 1 thing in addition to coding I would say it's a good understanding of SEO. Finally Start with a niche that you know. Just don't go out there and start a general YouTube gaming channel or random travel blog. Specialize in something small that isn't already oversaturated. For instance you're probably not going to do well if you start a COD or Minecraft channel. Likewise if you write a blog about exploring paris.

>>24532383
I don't want to be the one producing content. I don't want to write blog posts or make videos. That's peanuts. I want to be the platform people post their videos on.

>>24532474
The anon above gave a great response. no offence, for the purpose that you want, no one is going to spoonfeed you - otherwise they would do it themselves.

>>24532290
saved

I want my /biz/ bros to make some money
Dropship comfy hoodies, that's all

>>24533115
Polyester > Cotton

I absolutely fucking despise cotton hoodies, Polyester is LITERALLY THE FUTURE!!!

>>24531553
Upwork takes a hefty commission, there's a reason why freelancers hate them

>>24532078
I agree, I don't see a point in these threads. It's a minefield for someone else to steal your "ideas." It's a dog-eat-dog world out there.

>>24520415
>https://www.youtube.com/watch?v=anJFf9pN16g [Embed]
>Link to mentioned book: http://library.lol/main/578D3894C79ACC24ACC585E082898671
Kek did you get this from one of my comments?
I’ve been shilling this book since a year now whenever some poorfag asked for reading materials.

Have you ever faced the problem of police brutality? I know one amazing system that can solve it. The gotEM has all chances to go to the moon soon!

Anyways just wanted to drop something, I have the money but lack the time now.
I cannot divert my autistic powers into programming now, so if anyone wants to build anything in crypto or using solidity, I’ll fund it.
Here’s my throwaway: Bizthrow@protonmail.com
And yes, you need to be overflowing with autism, I don’t work with anyone else.

>>24532078
Sounds like you have a gambling addiction and a lotta projecting there, bud.