that time of year edition Please check previous threads for inspiration. Ask any questions and hopefully, an user can help. Be polite but tough love is welcome. Tripfag if you are frequent or want to, or don't it's up to you.
In this thread, I'm going to compile the best income streams ordered by investment required, including both online and offline options
Little to no Investment($100-$1k), very hands-on >Direct Response Copywriting >Dropshipping >Social Media Marketing >Digital Media or Marketing >Affiliate Marketing >Media Buying >Web Development >Freelance software development >Making Online Courses > Self-publishing Ebook (comprehensive guide: kindlepreneur.com/book-marketing-101/) >Product Arbitrage >Consulting >Sales
Some Investment Required($1k-10k) >ATMs >POS Systems >Slumlording >Daytrading >P2P Lending >Authoring or Online publishing >Vending Machines >Automated News sites or any kind of automated blog >Automated online Arbitrage with the help of a buy bot
Large Investment Required, but still very passive(10k+) >Parking Garages or lots >Laundromats >Batting Cages >Rental Properties >Buying Royalty rights on music, media, etc
If you have any comprehensive guides. Post them and we'll add them here.
Feel free to add more and share your knowledge, experience, advice with others, but I think that's a lot of value that you won't find in most threads here.
So you can just Buy an ATM and then profit from It ?
I don't think we have things like these in Europe?? Anyone know this ? thanks !
great post op
Adam Rogers
Ive got an opportunity to get a really good 3d printer. Im looking for ways to make some beer cash with it.
Wyatt Watson
Pretty active.
Michael Sullivan
Good luck. You will spend your time polishing the models. But you can make some bucks.
Austin Gutierrez
i found a good business opportunity that should be able to scale, for every $10k i put into buying my equipment ill be making $10k every month, scaleable into the million dollar range. the main limit for scaling is having the space for the equipment, but i have enough space for ~$100k worth of equipment before i have to look at finding more space. i think it will hold for the first few months before it becomes a race to the bottom as everyone tries to get in on it but right now less than 5k people in the world even know it exists. i'm looking for the best way to capitalize on this kind of opportunity while minimizing risk, if it's as good as i calculated it (ive spent months looking into this and it's legit, only question is if demand can keep up - and from what i've found demand is overwhelming and is only going higher) then i could be rich if i play my cards right
i have $3.5k monthly expenses, 5k cash, $30k in stocks/bonds, $30k in crypto, no debts, 800+ credit score. making $2.2k biweekly after tax/retirement matching. i have access to a ~20k line of credit, and 10k in credit cards. i think i can buy equipment with a 6 month interest free loan from one of my local sellers but terms are kinda sketchy.
i have 10k in equipment right now that i can "test the waters" with for the first week, but if it is as promising as i calculated, what's the best way to make the most of it? should i sell off all my crypto and go all-in on this opportunity? or should i take out line of credit or open a fuck ton of credit cards? take the sketchy 6 month interest free loan? lets say i do buy 50k in equipment, so i make 50k first month. should i re-invest that right back into buying more equipment and hope the next month performs as good, so i have 100k? at what point do i stop reinvesting and start hoarding profits? i can probably resell the equipment for at least 50% of what i bought it too. my goal is $1.5 million to retire
Jaxson Brown
shame bump
Jace Rivera
you're going to fail. FYI.
Lucas Sanchez
even if it's not worth doing, i only spent 10k on it (and i can use this equipment for my own uses anyway, so not a big loss). if it's slightly profitable, then i made a few bucks. if it's as profitable as i calculated, then i made shitloads of money.
as long as it's not both unprofitable and i don't over-leverage myself, then i come out successful - both cases of which i'm being very mindful of. so how am i going to fail user?
Jace Hall
Is drop shipping still viable in 2019 even in the face of Amazon?
Jacob Bailey
of course we have these in europe but the market is saturated imo
euronet is the best example if its legal in the country they charge you a fee for the withdrawal or they fuck over foreginers with terrible exchange rates
Jeremiah Cooper
is starting a youtube channel considered enterprising? my goal is to gain a following and eventually open up a patreon. i’m going to essentially going to make a combination food and food science show with each episode focusing on a certain ingredient (eggs, steak, mustard, etc) and diving into all you can do with it. i hope to eventually monetize and open a patreon. is this still viable in 2019 or is it a lot harder to make money off youtube now
Brandon Rogers
I am doing the course of iman ghazdi or something and it is suprisingly good. As a starter the tips are just the right ones that you need. The small things.
Dylan Murphy
Ill check this thanks
Jace Turner
didn't read your first insanly long and boring story. But this is the mindset of a winner. Go get em.
Jace Morales
It is obviously viable if you can get a big enough audience. It will be hard work tho. And no guarantee that the hard works leads to succes.
Alexander Butler
Depends on how soon you think supply will match demand. Also, how can demand be so high while so few people are actually doing it? This sounds like a large investment that's also high risk. But you seem to know your shit so go for it.
Jack Robinson
do you mean with "equipment" the physical product you will sell?
>$30k in crypto >at what point do i stop reinvesting and start hoarding profits? I assume that these 30k in crypto where ~200k a year ago learn from crypto and take profits regulary to be sure
Blake Robinson
Other than selling used books (around 1000) at used books venues since November last year and offering some hardware and tabletop items via ebay, I haven't come up with anything good. I did make some 'profit', but man...it's around 500 € in roughly 2 months and we all know my supply is limited.
Wouldn't go that far, but some of us like to talk about real-world shit from time to time or at least we like to think so.
Ryder Parker
Amazon? It's basiclly wageslaving but you have freedom and can learn entrepreneurial stuff. I don't know your age but i started with it. Not that it was that succesfull but atleast intersting and got some moneys.
Brody Bell
Hi, this could be the place i need. Im starting a real state biz, i want to aim for the chink market. Whats the best way to advertise there? i have not a fucking clue about how they work.
Carter Brooks
sorry for it being long winded, i wanted to paint the full picture, thanks for the kind words. true, i dont think supply will ramp up to match demand for at least a few months, it takes at least a week to source this equipment, and it takes time for people to react and for it to spread via word of mouth. "demand being high and few people doing it" is because of the way the industry is setup but that's going to be flipped on its head soon. demand will always increase but everyone getting into it will drop profitability crypto was 700k a year ago (initial was 5k, so still way up), definitely learned my lesson to take profits i don't want to go into details, but lets just call the equipment "oil pumps" (it's not about oil but it helps explain the idea), so it's an oil pump that you can setup in the ground that pumps 10k worth of oil out every month, and i have room on my property for 10 oil pumps.
right now my plan is, >spend a week and get $2.5k pumped out from my first $10k "oil pump" to verify it's good and as profitable as i calculated >spend $30k from line of credit and credit cards and cash on 3 more oil pumps, 1 week passes >pay off the debts in 4 weeks >on week 6, should be making 10k a week at this point, so buy a new oil pump every week >week 7, 5 pumps, $12.5k/week >week 8, 6 pumps, $15k/week >week 9, 7 pumps, $17.5k/week >week 10, 8 pumps, $20k/week, now i can buy 2 pumps a week >week 11, 10 pumps, $25k/week >week 12, 12 pumps, $30k/week at that point, do i keep trying to expand? demand is probably caught up at this point since everyone is finding out about "oil pumps", so profitability could be a tenth at this point. still a decent chunk of change, but not retirement money. also was it worth it to pay off the debt right away? could have got more pumps earlier, although risk is higher - but i could always re-sell the pumps and my only cost is the extra interest. any thoughts on how to maximize profit with minimal risk?
Nathaniel Perez
Nah, ebay im my case. I only have some old stuff - maybe around 30 items - that's worth selling. Besides that it's the books that have some value, but man selling them is a pain...
James Thomas
only for super niche products after you have established yourself in that field as an "expert" ....its a lot harder to just start drop shipping without a community established who is going to take your advice about certain products and want to buy them from you
Robert Richardson
Tik tok ads and big tities anime girls with your logo
Juan Nguyen
Based yet depressing.
Gavin King
Hire a chink agency and focus your time on the business. Well, you should have a general idea so you don't get scammed.
Kayden Gray
It is a pain. You can buy stuff on alibaba and start an amazon store. But it is boring as fuck. What are your hobbies/interest?
Adrian Edwards
> >Hire a chink agency and focus your time on the business. Well, you should have a general idea so you don't get scammed.
Yeh this, where abouts are you?
Jason Hall
How would I go about promoting a new Patreon page that doesn't actually offer any rewards and isn't linked to any people/companies that could be used as promotional leverage? I think I have a pretty good idea to make myself filthy rich but it'll only work once people actually know about the page. I'd basically be starting from square one, it would be a completely new and anonymous project so I can't tie it to any of my existing social media accounts.
I've briefly brainstormed a couple ideas like ""viral"" marketing shit by making fake reddit accounts and Jow Forums posts but that's just kinda gay. Buying ad spaces might be worth a shot but I don't know how effective that would be. Or paying people on fiver for example to promote it. But then again I could probably do what they do myself. Anyone got experience with viral marketing?
Colton Peterson
Im in the caribbean, i want to sell real state here to the chinks. Their afluence to this area is growing a lot so they look like a good market.
Jacob Brooks
My house burned down in a fire a few months ago and since then my insurance has paid out. I was debating on using the money to become a slumlord by 35. After paying my old mortgage and buying some basic things I need to live, I have about 350-400k in liquid capital. I want to use this to set up a business that will take care of my family and myself.
If you were in my position, what would you do?
Luke Reyes
>If you were in my position, what would you do? not ask a Tibetan-basket weaving forum
Carter Kelly
So, how much money do you want to share this idea, privately of course? I'm sure I live on a different continent from you, so competition wouldn't be a problem.
Gabriel Bailey
tump
Hunter Morales
100k linkies please
Lucas Mitchell
>Little to no Investment($100-$1k), very hands-on >>Media Buying
off yourself
t. mediabuyer
Alexander Clark
sorry frend, competition is international
Joshua Evans
any chance to give us a hint after you started and competition is also fully working? There may some local regions for other anons to supply.
Levi Martin
sorry the only way i'll share is if i make it or if i've given up from it not being profitable, too risky if word spreads.
if i make it, the word will probably have spread to here by then, but i'll post then anyway.
if it's not profitable, guess most anons wouldn't care at that point but i'd share it anyway
Logan Brooks
thanks
Robert Perry
bump
Henry Lewis
ive never used tripcodes but i think i can re-use this tripcode to identify myself again later on. keep an eye on the entrepreneur posts for it i guess, but probably wont be for a few months until i post again
it's not really comparable to fidget spinners since it's very specific to this industry and not something the average person would care about until they find out how easy it would be to make money with.
