/biz/ - Business & Finance

> casino
Congrats, degenerate.

>>12927678
Am I the degenerate?
Or are my customers who usualy spent 50€, buy like 20 cases, get nothing of value out of it and even if they were to get one item thats worth .20 cents (merchant price), we still make 3.80€ profit of of it since we charge 2 dollars "delivery fee"

>>12927689
Both.

>>12927695
Well, a rich degenerate

>xrp
lol

>>12927689
Of course you are. You supply the infrastructure and abuse them instead of informing them.

>>12927705
Well we show the winning chance of every item, everything you need to know is written in the FAQ

If people realy want to gamble, they are going to gamble. If they gamble at my store and atleast get a physical item out of it, its miles better than loosing all youre money in a casino

Only idiots gamble, taking advantage of that is smart if not Immoral. Well played op

>>12927705
>abuse
>people willingly buy a product
What abuse you retard? They know what they're getting.

>>12927721
Well I do feel guilty when I see people who litterly spend more than 800€ a month on my platform but idk my platform hasnt ruined anyones life.
Well atleast I hope so

>>12927721
It's a sophisticated scam. You abuse idiots. If you think that's fine, then you're scum too.

>>12927732
Why? Its far from a scam. We dont fake anything and we dont rip people off. They know what they can get and what chance of winning they have.
There is no manipulation going on at all. Lowest winning chance is always 0.1%, we dont go below that and we check our profit margine with a simple java program before we release a new lootbox.

This is one of our hotsellers right now, the case has been up for 3 months and we make around 3000€ a day from this box alone

>>12927732
The system is build on this if you haven't learned that yet. What does it matter?

Fuck pretty smart OP. What are the beginner steps to turn an idea into reality? I always get stuck on that one.

What's the legality of this? Always wondered about something similar.

>>12927702
>poor fag
lol

look at all the retards hating on OP ITT. you're never gunna make it with crabs in a bucket mentality biz.

>>12927667
how did you get your first initial sales OP? contacting youtubers for marketing?

>>12927802
Well I life in austria but our company is based in cyprus
>lul mailbox company

In most parts of europe, lootboxes are not gambling such as austria but the UK and Belgium define it as gambling so whenever we have a british customer, we have to add on gambling monopoly tax to the sales tax

>>12927810
Eh best advice I can give you is to """fake""" the first hundred sales. We have a sales counter and it started at like 215 cases oppened.

We had a grand opening event and there was like a 5€ bonus for the first 24 houres on youre account.

We startet out by offering youtubers cases worth 150€ in exchange of an youtube video and that boostet sales dramasticly.

Like we went from 10k visits in the first month to 100.000 page visits in the third month

>>12927841
does it matter what youtubers? the main demographic ive seen for this is gaming channels right?

>We had a grand opening event and there was like a 5€ bonus for the first 24 houres on youre account.
so you made a loss on the first day? or still profits?

>We had a grand opening event and there was like a 5€ bonus for the first 24 houres on youre account.
this was with zero marketing initially? there cant have been many sales that day

>>12927860

>so you made a loss on the first day? or still profits?

Minimum account deposit is 20€, so we did make a profit, I think we never had a day were we actualy lost money, I would have to look at our bookkeeping though since there was a day in december of 2017 were some guy won a gaming pc

>this was with zero marketing initially? there cant have been many sales that day

>this was with zero marketing initially? there cant have been many sales that day

No we marketet with youtubers since day one, we send out emails a week beforehand

>does it matter what youtubers? the main demographic ive seen for this is gaming channels right?

Well we have a broad variety of products so we dont exclusivly market to gaming channels, like we had a few smaller merchandise youtubers (who still feature gaming content but not as theyre main content).

>>12927902
>>12927860

Oh I should say, its not that easy to get bigger channels to actualy respond to you, like a lot of them think you are trying to scam them or theyre fans so they are realy hard to get.

Like, everyone wants money but they dont want theyre reputation destroyed by an unknown company. Now with our userbase, it has become quiet easy to sponsor some bigger youtubers but we are still searching for the right channels to do actual sponsorships. We have a few german youtubers who are willing to get sponsored by us and we are looking into the spanish and french market but we simply have no connections theyre (and I cant speak french or spanish so we have to hire a marketing freelancer)

>>12927930
i can speak both spanish and french

puedo hablar espanol amigo et le français également :)

@cryptoredpill

ok simple business question, how do I charge customers a recurring charge?

for instance, i want to be able to possibly take them to court if they dont pay.

instead of charging up-front for the service, i charge more but you pay nothing up front, so the first payment starts next month and it will be something like £12 or £20 or £40 or £80 a month for 10 months.

i want to set up a home removals website and charge high prices, subcontract the work to other people at normal rates, with a direct debit set up with the person at their new address.

what actual infrastructure do i beed to begin doing that?

>>12928018
A synagogue

>>12927902
>No we marketet with youtubers since day one, we send out emails a week beforehand
how do you get the contact info for youtubers? is email the only way? and where do you get the email?

>>12928045
You go to theyre channel, click on channel info, then it should say something like "email for business inquires". You send them a e mail with a short instruction and ask them if they want to go on discord for a chat.

There are platforms that manage this for you but they cost based on youre business size so I would not use such a platform. Its a waste of money.

>>12928018

Bad business practice. I THINK it wont make you any seriouse amount of money.

This is like the typical silicon valey company strategy. Everyone wants to build a startup and then sell it for 100k as soon as they turn a profit.

Try to build something sustainable so you get a financial ground. Then you can focuse on making shitty tech startups that maybe are going to turn a 5-6 figure profit.

>>12928014

The issue is, I have to hire someone over a platform like upwork. Here in austria, you have to contract a notary for every contract you make and that fee is just to big. Upwork acts as a contractor and that eliminates the notary costs for us.

>>12927667
Nicely done mate.

Did you do it by yourself or outsource much?

>>12928086
but you can pay me with Litecoin bro :'(

>>12928086
is this business still growing or have sales started to drop? I dont hear much about lootcrate kind of stuff but remember it was all the rage and hype back in 2017

>>12927667
Cause everybody is hating: Congrats, really well done!

Any ideas what you would do if you had to start today? Loot seems to have already peaked.

>>12928111
just buy litecoin and sell in august

>>12928027
how does that work?
>>12928086
you didnt answer my question

>>12928119
Go away shilly boy

>>12927667

Lovely thread. Few questions:

1. How do I manufacture these lootboxes? It is new here in my country. They open a box and earn anything. But who is going to put things inside these?

2. What is the manufacturing cost per box?

3. How many products have you been selling?

Love the idea.

>>12928097
Well I did the webdesign, my comrade did the server and cybersecurity, we outsourced a bookkeeping plugin and a few designs

>>12928129
you make sure you charge more for the boxes than the cost of the worthless crap you put in them, its not rocket surgery.

>>12928134
What about stocking and delivery? Does all that magic happen in your livingroom?

>>12928104
Well, the sales right now are down but we always had the most sales after major game releases and at holidays. The market itself is growing though and it will keep growing in the next few years.

Gambling has existed for thousands of years and it will exist for a long as time. Lootboxes are just a new variety of gambling and they probably are going to stay relevant for the next decade.

>>12928111
Honestly thats hard to say, I would still make a lootbox store, the market is not in a hype but we get consistent sales and our traffick, while not at ATH, is still growing at a good rate.

Ofcourse this wont run until im going to retire but we are going to safe as much money as possible and then buy or build a few reisdential houses in Styria so we wont run into any financial issues in the future if our company were to fail.

>>12928161
do you mean Syria? and if not, where is styria?

>>12928161
also, how much would you sell a copy of your website for? or franchise?

>>12928129

They are digital.

There are 30 items in a box and you are able to get 1 item out of it.

Now, when you open a box, it spins an animation and you see what you get. Now if you want that item, you can click on "withdrawl" and you have to pay a 2$ delivery fee and the item will be deliverd either by Amazon warehouse or Aliexpress (depending on the item).


Most of the items cost around 0.10-0.20€ for us (we dropship some of the items since we cant keep stock of like 300 different products). The cheapest box is 1$ and the most expensive product in the box costs us 0.50€.

So we always run a profit on the cheaper boxes.

The most expensive box contains cheap- expensive phones and some peripherals

about 7 million € worth of (RETAIL PRICE) products.
Net cost for us was around 2.2 million

>>12928139
Nah, Aliexpress and Amazon warehouse. We bulk buy items that get sold the most. The rest is dropshipped.

Delivery is done by Amazon

>>12928190
sounds larp af

you got proof of your sales?

>>12928167
Styria is part of Austria. We make the best Wein and the best Kernöl in the world


>>12928183
Neither do we sell our plugins nor would we franchise our product.

Have you ever seen a legit offer for a Stock trading AI? No. Nobody will sell you advice, a product or a company that turns a sustainable profit

>>12928206
I could show a recipt but I would have to censor out so much info that it would also look larp af

it's not inherently scummish to abuse the weaknesses of others, but rationalisations along the line of "they know what they're getting" shows whoever makes them for the human trashbag they are
grow some balls and accept you're ruining lives. there's several arguments a casino owner can make without losing their dignity. for example:
>these people vote too, so they're just as morally responsible as me. don't like that? change the laws
but somehow, no, it's always the same sorry ass arguments about being fair. then sure enough, OP contradicts himself a few posts down the line and admitted he faked metrics at launch to trick people into buying

>>12928219
sure, show a photo of last years recipts, you can censor out everything except $

otherwise sage larp

>>12927667
>Why do you guys believe in get rich quick strategies?
>Why dont you sell the shovels to the gold miners?

Because it isn't sustainable.
If everyone (or even an increasing amount of people) will start to sell lottery tickets and other virtual vaporware then the entire economy will fall apart. An economy where all 100% are just digital opium sellers cannot survive.

better answer this question:
If you're so smug and proud of your "product" then why do you plan to invest into
>few reisdential houses in Styria >>12928161

Because even you know that your business is pure bullshit and your "product" is just useless digital opium. If it will seize to exist hardly anyone will miss its absence.

I know that now you will engage in sophistry and excuses, but even you know that your "business" is pure bullshit. That's why you plan to invest in real estate, and that's why you came here and created this thread - to farm (you)s and seek approval, to feel that your so-called "product" is essential and necessary. It's not.

Imagine a loan shark, a whore or a drug dealer coming on /biz/ posting a smug pepe pic and asking

>hey why can't we all live off selling drugs to each other?

>>12928276
it's entirely believable.

I'd make one myself it I wasn't scared of getting hammered by a 3 letter group... somehow baseball card companies get away with in the US though... same with gaming companies, selling virtual items... I'm going to run this through my US and Canada attorneys to see about legality in our jurisdictions

>>12928323
hey, its really entertainment for idiots, some people get a kick out of the website obviously. no one will miss a movie that doesnt exist either

>>12927667
OP - how do you manage your merchant account. Are there lots of chargebacks? Are you accepting crypto only? How do you keep people who are unsatisfied with what they got from the loot boxes from blowing up your merchant account with chargebacks?

>>12928354

I do agree with you, but i'm not accusing OP that he created his biz. I'm not even blaming him for success of anything or that it is immoral (it is but it's not the point).

What I have problem with is his OP post
>Why dont you sell the shovels to the gold miners?

There actually have to be some gold miners in the first place. He's basically wants as much people as possible to switch from real economy into 'get rich quick' schemes. My point is that if people will actually start doing that then OP will not be able to buy any real estate in Styria or anywhere else When we're all are selling virtual trinkets to each other, there's no construction workers, no electricians, no plumbers, just gamblers and (((merchants))). Not sustainable.

>>12927667
LARPing troll. He is literally describing a get rich quick scheme, and then asks why you believe in them.

>>12927667
Do lootboxes fall under gambling?

>>12928422
Yeah, because BIZ is the sustainable, moral business strategy mastermind group.

Go ahead and show us your sustainable business

Very interesting thread to be sure

>>12928387
Bumping for answer. How do you manage the merchant side. How do you keep people who are pissed about getting junk from doing a chargeback? How do you avoid rolling reserves? it seems to me the merchant side of this is the most complicated piece.

>>12927732

Fucking retard. You could say this about all forms of advertising. People spend too much on cars and houses they dont need, or luxury items like clothes, jewellery etc.

Isnt this 'absuing idiots' too because a sensible person wouldn't overspend.

>>12928663
>You could say this about all forms of advertising
and you'd be right

NPC livestock exist to be farmed. Do not mourn for them. They do not even feel pain although they do make the appropriate and expected noises, as their programming demands.

>>12927667
>taking advantage of idiots
You are literally a textbook example of how tp get rich

>>12927689
yes you are. you abuse people with gambling problems. have you ever been around a gambling addict? they csnt control their impulses. you are literally ruining peoples lives in the same waybthe casino cartel ruins peoples lives. you abuse morons and mentally ill people instead of trying to help them. you are no different from the jews that exploit this world to the point of totsl chaos and theres a special place in hell for all of you

>>12927667

>XRP

Yikes....