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As you can imagine, many of the people who I met in the pot world turned out to be real losers. Everybody has always tried to scheme me out of money.
And sometimes it worked. But that's my basic story. Thanks for your kind words. I elaborated a little more in a response to someone else, if you're interested.
I'm not a day trader- more of a buy and hold investor, so it wouldn't have a whole ton of updates. My current advice is to buy Alibaba on day 1 when it IPOs next month, and hold it.
I'm actually currently writing a book called How To Be Happy 2. I'm a pretty successful guy at life, and I've made a lot of money without working very hard.
I'm hoping to make it available for free when I'm done if you want me to send you the link. My book will not waste your time.
I recently left my job conducting stock research for an asset manager. I've never looked into personal trading because it's prohibited by the SEC, but in a few weeks I'll legally be able to invest on my own.
I'm confident I would make a return on my money by knowing how to trade on news from public sources, but not sure how much of my savings I should tie up in the market.
I've been adding money to it over time. I personally use schwab. I use Schwab because I already had an account with them. I kind of wish I was with a different company, but not badly enough to move my money out.
I will say that Schwab's customer service has always been excellent for me. I'm not sure how much of your savings you should tie up in the market.
Personally, I'm very aggressive when I feel like I have a winning opportunity, and you sound like you would do really well in stocks.
You might even agree with my opinion that this bull run is not about to end, at least through New Year's.
How much you invest- I don't have advice for you there, but scared money don't make no money. It won't grow unless I put work into it.
I spend a long time each week talking to suppliers and finding new products. The only paid marketing I do is using Amazon ads.
Amazon do the rest. I made sure that I have a lot of positive reviews on the product by contacting customers who leave account feedback and ask them to leave a product review as well.
I started off with just one product that I imported from China and branded. There are very few barriers to entry so I'm not going to tell you what it is other than it's electrical accessory.
Since then we've branched out, buying stock from Hot UK Deals and selling it on. Looking into Christmas products now, got a few ideas!
You go to the amazon seller central, set up an FBA shipment, saying how many you want to ship to amazon warehouses, then they automatically calculate how many to send to which warehouses.
You print shipping postage not free and the amazon shipping label free , stick it to the boxes you're sending the stuff in, and mail them. If you packaged it right, that's the last thing you need to do.
FBA lets Amazon ship it instead of you when people order off of amazon. FBA gives customers the Prime option. Have you managed to ship directly from your product supplier to Amazon?
I ask because my plan was to supply the manufacturer with UPC codes and FBA labels and have them ship the items right to the fulfillment center.
If so, what have you done to ensure the success of that system? If not, what barriers are in place to make it not work?
Thanks for your time! Does most of your income depend on this Amazon FBA business? And yes, I am very scared because since last Saturday my account hasn't been able to make any sales because they needed to verify my identity because of new EU Regulations.
They've taken ages to verify it and I can't sell a thing whilst its down. My partner and I are making contigency plans for if this ever happens again and our long term goal is to have our own store as well.
It's a market that you need to be involved with. Thanks for the info. Right now I am ramping up my sales for my Amazon store.
I sell for the family business medical supplies and in my industry, the people are stuck in their ways so selling online generates amazing margins.
But I am afraid that I am at the mercy of a giant. Have you had any experience with their web store program and multichannel fulfillment?
I am looking at using their web store solution so I can sell via my own channels and just have FBA fill the orders automatically. I'd rather not burden my warehouse with these kinds of small orders.
We usually deal in pallet sized orders. Sorry I've never used Amazon Web store solution. I had a look at it and the pricing was far too high for me to consider it.
I decided there were far better options out there. I have use multichannel fulfillment for a few orders than came in through eBay.
I didn't have it set up to work automatically but I'm sure there will be a way that you can get it to.
Your other option is to have another fulfilment centre for all orders outside of Amazon. I think Amazon could be quite expensive if you're using it for multichannel, it could work out cheaper to despatch from elsewhere depending on the volume.
I haven't done any work on them in over 2 years. Neither of them any work. How does the ebook site work? Did you just write an ebook and then promote it?
If I remember right, OP buys successful websites and makes money off them. So he does not spend time growing the websites himself.
I don't have the creativity to start something on my own. So I just buy something and build on that: Have you split tested different ad networks?
I ask because often adsense pays out the worst. But it does depend what Niche you are in. If it is women focused then check out pinchofyum.
They make bank off non-google ad networks. I looked into it briefly. Most of them work on a CPM basis. So i'm getting a better payout like that.
I might be wrong? I Order things from China via email, they are posted on ebay in buy it now, inventory and my phone lets me know when they are sold.
Been selling enough to support myself when I'm working on my other business which has no pay but is the idea I have always wanted to conquer.
Can you describe your personal process of finding, negotiating, and purchasing inventory from China? I run two almost-passive businesses.
I run the websites http: Both sites are pretty much perpetual, except I need to keep topping up credit with unlock suppliers every so often.
I also need to manually refund people via paypal. People get very upset when an automated email goes out saying they've been refunded, before I actually get around to refunding their payments.
That takes up some of my time replying to emails reassuring people. Not currently, but it used to be that I had it against my terms of service to submit an IMEI for unlocking to the system that was for a device put into contract on or after January 26, I have a disclaimer to check local laws.
Since I run a company accessible worldwide, it is not my job to know every country's local laws. My terms of service require each customer to be aware of their local laws regarding unlocking.
Otherwise, it's legal to do in most countries around the world. Since I'm sort of kick starting airunlocks. PM me and I'll hook you up.
How are you driving traffic to your site? It looks like there is no SEO work so I assume it's all paid traffic. What have you found to be the most cost effective solution to getting traffic?
Honestly, I haven't done any SEO yet to the site. I really don't have any traffic going to it yet. Just people on reddit from this post really.
I am building up a slush fund to afford to keep it steady before driving traffic to it. Otherwise I'll get overwhelmed. I've automated my marketing and outsourced my content creation.
Really just spend about hours closing sales, and hours a week dealing with existing projects. I have a business manufacturing and selling a consumer golf product.
I even have software in place to automate and manage my affiliate marketing and sales rep program. I worked on it mostly full time for a few years to get it off the ground but now that it's profitable, mostly automated and growing steadily it has become a nice passive income while I pursue a alternative career.
How did you go about outsourcing your product? Is it made in China? Would love to know any tips you have for someone also trying to do this.
Our product is made in USA, Delaware. It is simple to make and workers can assemble and package it by hand. The simple manufacturing process made it easy to source manufacturers to work with.
I was introduced to our current manufacturer through networking within the Delaware Economic Development Organization. Often states have resources available for companies to connect and work together.
I would recommend exploring those avenues. Even if your product requires more technical manufacturing or tooling this is still a great way to identify reliable manufacturing partners.
The company we use for manufacturing is a non-profit organization that employes mentally handicapped and disabled individuals.
Working with them also allows us to support that philanthropic mission, which feels good. My brother started an online casino last year whith an investment of dollars or so.
Nowadays, his website is in the top on online casino review site. He's making about 10, a month without even going out. Does he accept U.
Did he write all the code himself? Sounds like a massive undertaking. At the very beginning, I started by producing courses on things that I was learning myself languages, software, etc.
Slogging through sub-par online free stuff to learn. Great idea, good for you for using your knowledge to help other people.
Do you host your courses on your website or on external sites like Udemy? I've started a webhosting business, after 8 years of work it made me financially independent I did an AMA about that.
This is more of a side business since it only makes about 5 grand a year which is a lot though since I have no expenses at my age.
It's a domain business The marketing is all automated People buy the domains that's all automated Payments automated Domain forwarding automated.
Literally no customer service like maybe 1 support issue a fortnight which is always really quick simple stuff.
I check if it's available if it is I set it up if it isn't i tell you and you come up with a new name. They choose a name and pay. I set it up manually and I give the domain within 24 hours.
I'm a proper domain reseller now and have access to all the APIs and things now that make it all automated.
You search for the domain and make the payment. The domains is created and forwarded instantly which means that I no longer have to do anything.
It's a niche market within an MLM style business - they get really long website urls my service asks them just for what name they want and want their mlm ID is.
Really simple and everything which is why those people would use me over eg. Working only 4 hours a week is pretty neat.
For about a month. And then it's boring. And then it's painful. And then it's mentally damaging. If you ever automate a business so well you barely have to touch it Start another business or get a job aswell.
I realize I'm a bit late to the party here, but I just found out that you can use fulfillment by Amazon to fulfill orders received through other channels besides Amazon.
Not sure how their prices stack up against shopwise and shipwire, but it's probably worth checking out:. Amazon is another one Ive been considering.
Perhaps also selling directly through their website. It's definitely worth it from what I've seen. Unless there's some hidden fees it looks like Amazon doesn't charge any fees for housing product in their warehouse, and they only take their cut when product ships.
It's a pretty small cut too, and your customers get free prime shipping depending on the cost of your product, so it's a win-win-win.
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People may have never heard of it! What has been successful? A fully automated business works on the phenomenon of digital transformation thus basically adopting the techniques like machine learning, industrial internet of things and predictive analytics to achieve their specified target for the business.
Now, there are a lot of online sites have also been launched to provide complete information to the people. Fully Automated Business is not a entirely correct word.
There are various semi automatic business - be it a Blog or website. You have to have regular content coming up and keep looking into the old content to see it remains relevant.
You can write scripts to automate a lot of stuff but that again requires a lot of capital influx - you need to maintain a team of experienced developers.
From a practical example point of view - a Mobile App is one good example of a Automated Business. Another Good example could be a E Commerce Website - but all this requires continuous admin and application support.
I do not think that it is a great idea. Anyway, when you have at least samll contol over your business it brings more profit. AliDropship plugin allows entepreneurs to run semi-automated Business, Innovazione, Digitale, Startup, Franchising Business it automates a lot of drop shipping processes.
I recommned you to read abou this plugin: It is an opportunity to run an online store. You can choose any niche which is interesting to you and concentarte on boosting your sales.
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