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/biz/ - Business & Finance


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26159113 No.26159113 [Reply] [Original]

If crypto is your only income stream you will never make it because you’re lazy as fuck.

>Built an ecom store that now days $3-5k a day (80% profit)
>make $1000+ a month flipping sports and Pokémon cards, chips (yes, ships), and other shit on eBay
>buy the top and sell the bottom of crypto

Current looking for my 4th income stream. But if you only have one you are a real bum

>> No.26159158

cope

>> No.26159456

>>26159113
>I make a lot of wet toilet paper currency
good job midwit

>> No.26159504

>>26159113
>not earning 36k annually in passive income profits from a hyper efficient mining rig

>> No.26159555
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26159555

>>26159113
I work a garbage tier wagie job and throw my paychecks into crypto as hope to escape.

>> No.26159593

I have like 4. I trade crypto, stock options, wage slave and I sell goods and services. I think I'm gonna make it

>> No.26159601

This is some strange coping, good luck making a million dollars a year with your online store and flipping pokemon cards you faggot

>> No.26159610

>>26159113
Biz only knows crypto and wouldn’t know their way with a vagina if it slapped them in the face

t. Crypto Shopify Ebay fag

>> No.26159642

>£60k/year wagecuck slave
> £5k/year betting
> £5k/year poker winnings (more like a hobby rn)
> ?? crypto and boomer stocks long term HODL

looking for other side hustles but Im too lazy to start something, think Im already out of any ecommerce related biz etc

>> No.26159782

I work a minimum wage retail job and waste the majority of my savings each month on junk food. I lack the motivation for side hustles

>> No.26159860

>>26159113
>yield farming to cover living expenses
>commercial real estate
>boomer stonks
>wage slaving as software engineering contractor effectively working 1h/day

>> No.26159875

>>26159601
Your post comes off as pretty major cope. There's a much higher percentage of people with 7 figure retail/ecomm brands than there are people with 7 figure crypto wallets.

Like, I'm still really really bad at it, with less than 2 years of total experience building online stores/brands, but barring catastrophe, I'll very likely be over $100k in revenue for 2021 without factoring in growth (and my monthly growth has been a pretty steady 10-20% month over month). It's not as hard as most people think, which is probably a psy-op by the elite to make us think starting businesses is a fruitless endeveur

>> No.26159918

someone red pill me on the ecommerce meme

>> No.26159956

>>26159642
60k is high for UK. what do you do?

>> No.26160020

>>26159918
Just watch YouTube videos and redpill yourself, there's way too much to cover here in a post or 2, and way too many variations in business models. Research the terms dropshipping, private labeling, general marketing techniques, store design, landing page design, etc. Just go down the rabbit hole basically, and only watch the videos up to the point where they start shilling their course (you don't need to buy a course, all the good info for beginners is available for free)

>> No.26160087

>>26160020
just red pill me man i havent got time to watch youtube i work 70 hour weeks

>> No.26160109

>>26159555
Same here fren, times wil get better

>> No.26160157

>>26160109
What'd ya invest in, faggot?

I'm in GRT and XLM.

>> No.26160247

>>26159113
I wish, my only income stream is my wage slavery

>> No.26160265

Dear diary, today I went on 4chan to brag about my online business. I can't quite grasp why I feel such a void inside myself that I would do that, going to bottom of the barrel scraping degenerates and telling them how much better I am, but it did give me an enormous sense of well-being.
Today was a good day.
Love, Anon.

>> No.26160276

>>26160087
1. find something niche
2. build web shop using wordpress
3. market the shit out of it
4. invest all profits into XRP
5. lose everything
6. rope yourself

>> No.26160288

>>26159113
you've been posting this trash for 3 days straight and provide 0 valuable information

>> No.26160293

>>26159113
Redpill me on trading cards. I’ve seen faggots line up at my local target waiting for them to stock the shelves with cards.

>> No.26160347

There are many ways I could go about assblasting OP for being such a flavorless, boring faggot. But I’ll just stick to the very mild “I assume you base your financial advice off of YouTube gurus” line.

Keep chasing hustles, dumbass

>> No.26160418

>>26160087
Usually goes like this:
- find shitty product on aliExpress
- make shopify website (pay fiverr guy to do design for peanuts) and link to Aliexpress
- x10 on the price, more if you market it as luxury
- market it to hell and back, mostly via Facebook adds and insta whores (influencers)
- be ready to shut down anytime and disappear

>> No.26160458

>>26160418
why be ready to be shutdown?

>> No.26160643

>>26160458
because shits sketchy as fuck

>> No.26160851

>>26160293
almost all sealed product (booster boxs, deck boxs) is guranteed to increase in value, if you can get it in bulk from distrubitors its considered the floor price and will never decrease beyond that so its almost impossible to lose money on sealed (avoid single packs, better to buy bulk).

single cards gets tricky, you have to worry about fakes, reprinting of valuable cards in newer sets, shifts in meta decreasing demand, physical quality of the card, bulk pricing and collection buying ect...

asfar as the games themselves, TCG's are very popular right now. magic was at its highest player population inpart due to MTGA arena and WOTS hype, then a very popular youtuber made pokemon cards explode in popularity again.FaB gaining some traction aswell. having a 30k chase card in the alpha set is bringing it alot of attention

>> No.26160962

>>26159555
won't get better if you're here

>> No.26161072

>>26160418
I think this is a good way to test products initially, but your goal should always be making a bulk order with your own packaging. That way you can actually compete on price and don't have to rely so heavily on impulse buys from PPC marketing.

He's right that the prototypical dropshipping business model isn't really sustainable, but private labeling definitely is, because no one wants to buy 1000 of something just to get a better deal. Bulk price discounts can be easily explained to and understood by customers, answering why your product is 3x more expensive than it is on amazon, wish, aliexpress, etc isnt. As said, dropshipping should just be used to test out a products viability cheaply, not as a longterm endgame

>> No.26161450

>>26159113
Let's see:
> Consulting is biggest income stream: $3-3.5k/month
> Affiliate website - $1.2k-2k/month
> Domain trading - about $10k/year
> Crypto - $30k poorfag portfolio
> Built a product and sell it on Amazon - $3k profit/month split between 3 partners

I'm Indian so my monthly expenses are $1.5k/month
Extremely comfy

>> No.26162147

>>26161450
Thats on the high end my fellow sir, do live in mumbai or delhi

>> No.26162283

>>26159875
what do you sell

>> No.26162332

>>26162147
Delhi
This city is expensive man. My rent is $850/month. If I moved back to my hometown (10th largest city in the country), my rent would be $200.

Massive gap in India between good jobs in top 3-4 cities and everywhere else. I have friends in tech startups making $80-90k/year at age 28. I also have friends who work in shitty outsourcing tech companies and make $10k/year

meanwhile my maid makes like $2k/year

>> No.26162500

>>26162332
>Cries about being poor
>Has a maid.

>> No.26162773

>>26160458
Because aliexpress sells a ton of shady bootleg shit.

>> No.26162989

>>26162500
I never cried about being poor
I make $80-100k/year
That's not poor anywhere outside of NYC and Commiefornia

>> No.26163030

>>26162283
This is a question no one in ecomm will answer lol, but my best seller falls under a few niches including toys, boredom, stress/anxiety relief. It's not a fidget spinner.

>> No.26163118

I run 6 different sex games on mobile/browsers

I make 17k a month and haven't updated a thing for 2 years

>> No.26163195
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26163195

>>26159113
I have a red bubble page but no one buys my designs :(

>> No.26163328

>>26163118
you'll go to hell

>> No.26163368
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26163368

Coaching biz, nootropic ecom store, crypto scalping with leverage, stock options and flipping houses.

>> No.26163375

>>26159113
I have 3 places where I launder my crypto gains.
two pawn shops and one store called Sneed's Feed & Seed (Formerly Chuck's)

>> No.26163406

>>26159504
"hyper efficient mining rig" lmao what a fucking larptard.

>> No.26163439

This is all just a massive fucking larp. You're not actually making money on any of those things.

>> No.26163520

>>26163118
How the f is this earning money^^ but gj

Just finished my first website and still wonder how I can earn from it. Seems like everybody is just closing annoying ads no?

So my income is
>wagecucking
>second wagecucking job
>trading crypto and betting sports

>> No.26163583

Boastful loser feels insecure and talks down to strangers on a Keralian bowl whittling workshop online portal
But yes wealth acquisitions from a single asset is foolish

>> No.26163644

>>26159113
My dream is to make enough in crypto to buy a three story building. I will convert the 1st and 2nd levels of the house into 4 bedrooms a piece with communal bathrooms and kitchens. I will live on the top floor PENTHOUSE like a king and only allow female tenants.

I will allow rent to be payed in unconventional ways.

>> No.26163714

>>26163644
Ngmi

>> No.26163793

>>26163520

The guys who made the Avatar porn game are raking in over 10k$ a month from Patreon

>https://www.patreon.com/mity

>> No.26164026

>>26163793
what the fuck

>> No.26164035

> $500 in interest on my crypto a month
> $800 a month profitt renting out real estate
> $2200 a month from shitty job

>> No.26164096

>>26159113
LOL selling shit chinese products to gullible goyim. such a merchant move

>> No.26164799

>>26161450
Always thought domains are a meme nowadays ^^

>> No.26164846

>>26159113
>If crypto is your only income stream you will never make it because you’re lazy as fuck.
no point having other income streams until your portfolio gets big enough from crypto

>> No.26164898

>>26159504
Which rig you got?

>> No.26164950

>>26164799
most are
but quality .coms still sell for a lot
Think short, scarce names. A friend flipped ROZE.com for $10k profit for instance

>> No.26164964

>>26159158
>>26159456
>>26159601
>>26160265
>>26163439
>>26163583
>>26164096
Imagine browsing BIZ 24/7 where 99.9% of posts are about shitcoins and fomoing worthless shit, but when something valuable comes up and people share their experience in ecom or side hustles you just talk shit and troll. Strictly crypto will never make any of you broke asses rich, if it does you will be the dumbest rich people alive with zero life skills. Leave this thread for the adults and business men. Toodles

>> No.26165096

>>26163375
how tf do you launder crypto gains

>> No.26165126
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26165126

>>26160293
Figure out when your local target and Walmart restock on cards. Which is usually once a week. A few of the boxes like the NFL Prizm, NBA Hoops, NFL Contenders have a 3x resell on eBay. They also have Pokémon elite trainer boxes which doesn’t have a good resell value, but if you pull a charizard like pic related you can sell it for $500-600. I sent mine off to get graded and if it gets 10s I can sell it for a few thousand.

>> No.26165185

>>26159113
>income stream
>buy the top, sell the bottom

truly the biz way

>> No.26165304

Fuck I really need to get into e-commerce. I have like $500,000 sitting in crypto and I want to take some of it and do something. How much would I need to get started? Honestly how many products did anyone here try and fail with before they hit a winner? I knew a guy that was selling car mats specifically molded for Tesla's private labeled for like $170 and they cost him $35 to produce.

>> No.26165446

>>26159918
The only people that make money online are the ones selling "how to make money online" products.

The only people making a living from the stock market are selling "how to make money in stocks/options/crypto/futures etc"

Last one: side hustles are less efficient than simply getting raises at work OR taking a part tike minimum wage job.

>> No.26165469

>>26164964
Imagine actually typing this out LMAO

COPE you stupid hustle nigger I literally put a few dollars into crypto and did nothing but be a neet. Get btfod

>> No.26165791

>>26165446
You have no clue what you’re talking about. Literally zero knowledge but whatever makes you feel smart.

>>26165469
I’ve made money in crypto too and I’m sure all the other hustlers in this thread have too. You’re sound mad cause you have zero life skills beyond looking at a computer screen.

>> No.26165893

>>26165304
If I could go back in time I would sell bidets to dirty Americans that still use toilet paper. You have have my idea for free.