/biz/ - Business & Finance

The twitter method is pretty easy. Just start an account for some niche, find similar accounts and follow all their followers (~500/day) and then the next day unfollow the ones that didn't follow you back.

Once you get to ~10000+ (can take around a month), make an Amazon Associates account and start promoting items related to your niche, or you can contact specific webstores and set up an advertising deal with them.

>>819225
That sounds neat, how long does it take to get that many followers?

>>819215
I doubt you have enough will power to go through the twitter method, its a uphill battle from the start and its not even close to being a guaranteed thing. No matter how easily someone lays it out in front of you. Really the only viable true and tested method that i have seen on this board is the ebay threads, but even then you need some startup money. So I would suggest creeping ebay threads, and torrenting books on the matter. Then when you get your part time job you will be prepared to star raking in actual side money rather then troll through twitter for a month straight on the hopes of someone will buy something off a link that you tweeted. Oh and remember, you can lose followers just as fast as you gain them. So it really is a constant battle getting more followers.

>>819231
I'll keep that in mind, I buy and sell phones but the legwork really is exhausting, hopefully ebay is easier

>>819237
> I buy and sell phones
Fucked up already. The whole reason to go into ebay selling is to find a niche and then to put all your effort into that niche. cell phones are not a niche, every idiot is selling there sell phone on ebay. Dont know what the hell a niche is? Well maybe you should start doing the research. Ill give you an example

Lube. Everyday product...readily available...except during gay festivals. You contact a distributor of lube or some store buy in bulk. And then you can sell that shit like hotcakes downtown. Obv apply this to the ebay method. I made a lot money because its such a niche product that no one would think about selling. And since there was demand (during certain times of the year) I made a killing. So its all about finding the niche and figuring out how and when to sell.

>>819254
That makes sense, how do you make sure everything works though? What do you do about customer complaints?

>>819268
Can I give you a tip? If you can find the answer yourself for any question, do not ask another person that question. See why would I answer those 2 questions? I know the answer to them, because I took time to do my research with this topic. Me answering your question would just create even more questions for you, and I really cant walk you through this whole process. You need to do the research and then when you have a question that you cant find a answer for then you would ask another. I mean those are such bland and general questions lol I am pretty sure if you read a book they would have whole chapters to those questions rather then a short reply on a internet forum. Carry that on in life, professionals hate retarded people. Let me rephrase that professionals hate lazy people, lazy people will hear about a topic and then have 1001 questions about the topic. Professionals hear about a topic, and then they research that topic then come back with more specific questions that cant be answered through run of the mill research. Follow me? I am just trying to help, and professionals will always have instant respect for a well researched person in their topic. Because god knows they have to deal with idiots outside of their profession every day.

>>819254
I see another anon got the lesson. FYI, distributor for lube is good, but not top tier. You need to remember that water based lube is 90% water and 10% product. I tracked down suppliers for DIY personal care products and had someone do the mixing, labeling, and sterilized bottling. Your markup on redistribution is only 20-40% with lube. In this case, production is dimes on the dollar.

This brings up a good discussion: flip or produce. If your time frame is only a few months, go flip stuff. If you have strong knowledge of your niche and the time to pull it off, production is a better option. With flipping, you are stuck with whatever shit is available via dropshipping, so you will never grow your brand and you are at the mercy of the supplier.

A good example of this is power banks. You could easily go on Alibaba and find a ton of cheap 2600 mAh power banks. Then, you could easily flip them by calling up a ton of businesses and offering them as promotional items. All you do is print their company logo on each one, and suddenly your money doubles or triples. They give them to customers who buy X amount of product, or as a giveaways, everyone's happy. But that's a one-off deal, and the shit you get from the manufacturer will change over time. The guy you went to might not even be selling that model when you look again. Worse off, some of the models might be total shit and not even work. You have no clue.

Option B is building a brand and a factory relationship. A prime example of this is Anker. They are also power banks from China, but they have good distro and their own branding. They work with their suppliers until they find one that isn't shit, and now they are building a brand. The money takes longer to come in, but they are getting referrals and sales traction now. It's still China made, but it's less shitty.

>>819285
Were you the anon who wrote the post about selling lube in toronto? Ye it seems you have good handle on the basics of this uhhh marketplace? Now i constantly hear about the flipping side of it, but this is really the first time I am hearing about the production side. And it seems for the longer game and more steady game production would be the way to go. But I am sure it would require a higher start up cost. Hmm production seems like a more interesting way of making money rather then flipping and selling which seems tedious. A whole another side to it , interesting thank you!

>>819280
>>819285
Got it, thanks guys

>>819290
It really depends on the market. For lube, your major expenses are powdered PEG-10, liquid glycerine, or some other blend you buy by the kilo. None of it costs more than $50 a kilo, and one kilo makes you a hundred bottles since it's mostly water. one hundred bottles and labels at $0.20 a pop is $20. Add $1 to each bottle for a small lab to do it, and your startup costs are very low. In fact, it's less capital intensive than doing re-distro.

Other businesses that involve machining and electronics obviously can't do this, but for lotion making and bottled goods (which are mostly water), seriously consider production. With specialty energy sodas, all you need is artificial flavor powder, vitamin B powder, and a small time bottling business nearby. Know your market, know your materials. Every time you slack off, someone else makes your money.