Your biggest failure

[dereckivan]

I loose like 13k in my 19 yrs on trading haha

 

[PDLProfit]

I loose like 13k in my 19 yrs on trading haha

You can be proud of the fact that you had 13k when you were 19.

 

[dereckivan]

I was very young and didn’t manage my finances well.

After that, I fell into depression for about 5-6 months, and during the next 6 months, I doubled my money. Now I’ve lost it again, and I’m in the process of tripling it back, haha.

My patterns are a mess.


But thanks mate!

 

[PDLProfit]

I was very young and didn’t manage my finances well.

After that, I fell into depression for about 5-6 months, and during the next 6 months, I doubled my money. Now I’ve lost it again, and I’m in the process of tripling it back, haha.

My patterns are a mess.


But thanks mate!

Try to make money and quit. from trading so you don't lose again

 

[dereckivan]

Try to make money and quit. from trading so you don't lose again

I made that money outside of trading.

When I was losing that money, instead of trading, I was betting like a crazy. I’d make money and then lose it all there.

Do you trade?"

 

[PDLProfit]

I made that money outside of trading.

When I was losing that money, instead of trading, I was betting like a crazy. I’d make money and then lose it all there.

Do you trade?"

I have a certain amount of cryptocurrency on the spot, I don't trade, I buy, wait and later sell. I have a very high-risk portfolio, so in a way it can be called “trading”, because my risks are high, as one might think, but I know that the coins I have will increase in price.

 

[dereckivan]

I have a certain amount of cryptocurrency on the spot, I don't trade, I buy, wait and later sell. I have a very high-risk portfolio, so in a way it can be called “trading”, because my risks are high, as one might think, but I know that the coins I have will increase in price.

In which coins are you investing right now? I have the 60% of my portfolio on LINK.

 

[PDLProfit]

In which coins are you investing right now? I have the 60% of my portfolio on LINK.

PEPE - 45%

WIF - 30%

POPCAT - 15%.

The rest of the coins are MOG, MEW, ENA, SUN and others.

I also have one coin where I am investing some money and I think it can grow a lot, but I will write about it if my case comes out. I think it might be interesting for someone

 

[dereckivan]

PEPE - 45%

WIF - 30%

POPCAT - 15%.

The rest of the coins are MOG, MEW, ENA, SUN and others.

I also have one coin where I am investing some money and I think it can grow a lot, but I will write about it if my case comes out. I think it might be interesting for someone

Uff, I understand now your High risk portfolio.

You are only on these memecoins or do you gamblein others too?

 

[socialpump]

This can only be a mistake if you knew about bitcoin in 2013 and had the opportunity to buy it. I mean, you knew how to do it, because in those days it was much more complicated than it is today

yea... I knew about it and i wanted to buy...
I was 17 and asked my dad for 500$ to buy a digital coin and just laughed at me haha
nowadays, he always tells me that I was right and should have listened to me but it doesn't help for this failure lol

 

[PDLProfit]

Uff, I understand now your High risk portfolio.

You are only on these memecoins or do you gamblein others too?

Many people may think that this is a high risk, but if you do the analysis, you will realize that it is these coins that show the biggest growth after corrections

yea... I knew about it and i wanted to buy...
I was 17 and asked my dad for 500$ to buy a digital coin and just laughed at me haha
nowadays, he always tells me that I was right and should have listened to me but it doesn't help for this failure lol

But, look, your father admitted his mistake, I think that's rare.

 

[Indescribable]

I spent around $2,500 on a product I ended up not using for it's purpose.

That some $2,500 could probably have made me somewhat successful today.

The service was FB BH Ads and my incompetent self just made all the excuses in the world to not touch the thing despite literally buying it. Fear of the unknown played a part for sure, but damn, a lot went for nothing. I was kinda desperate for any kind of profit that I didn't really consider I had to be the one to take action. A very expensive mistake but it has forever given me the lesson to always low ball and look for cheaper yet same quality. It also taught me to just stick to BHW Marketplace for whatever, because that same service was literally like 10 times cheaper on here.

 

[socialpump]

But, look, your father admitted his mistake, I think that's rare.

yes, it's rare.

my main job is crypto right now, and it has been very successful in the last 3 years

 

[dereckivan]

Many people may think that this is a high risk, but if you do the analysis, you will realize that it is these coins that show the biggest growth after corrections

Yeaaa I know. Could you teach me? I'm new on crypto gambling.

What do I have to look to invest in a new token? Where do I get new calls, etc etc.

If you give me some tips or something that would be amazing.

 

[Adeelalam]

I have come to realize that failure is another kind of success. Because you choose to do something that is retains the risk, and yet you choose to do it.

 

[Mrnewbie]

I think my failures in life have motivated me to overcome the mistakes I have made. I am glad I did screw up as I want to know what i did wrong and correct it instead of getting a pat on the back. I think I am very hard on myself and expect perfection from myself, but I am getting better at not searching for it.

In screwups, I mean projects that never materialized, lost money or were a complete waste of time and energy. I highly believe in putting 110 percent into anything you do, and if you fail and try your best, you can never have any regrets in your life.

Again, I would encourage people to try everything and fail, as you will learn more from it than your accomplishments/achievements.

P.S. Enough of my rant...

 

[MoonStarz]

My biggest fail is that she is not in my life anymore but about work that sometimes I can't make a single campaing on facebook work, had to move to google ads for a white hat campaing, don't get it what happend, couldn't continue wasting more money two times is enough move from there, facebook is my biggest failure.

 

[PDLProfit]

I spent around $2,500 on a product I ended up not using for it's purpose.

That some $2,500 could probably have made me somewhat successful today.

The service was FB BH Ads and my incompetent self just made all the excuses in the world to not touch the thing despite literally buying it. Fear of the unknown played a part for sure, but damn, a lot went for nothing. I was kinda desperate for any kind of profit that I didn't really consider I had to be the one to take action. A very expensive mistake but it has forever given me the lesson to always low ball and look for cheaper yet same quality. It also taught me to just stick to BHW Marketplace for whatever, because that same service was literally like 10 times cheaper on here.

You paid that money for the experience! Who knows what mistakes you might make in the future if you didn't have this experience?

I have come to realize that failure is another kind of success. Because you choose to do something that is retains the risk, and yet you choose to do it.

If you can get “high” on your mistakes, you're a lucky man!

But, no one makes mistakes who does nothing. If you make mistakes, you are on the right track

I think my failures in life have motivated me to overcome the mistakes I have made. I am glad I did screw up as I want to know what i did wrong and correct it instead of getting a pat on the back. I think I am very hard on myself and expect perfection from myself, but I am getting better at not searching for it.

In screwups, I mean projects that never materialized, lost money or were a complete waste of time and energy. I highly believe in putting 110 percent into anything you do, and if you fail and try your best, you can never have any regrets in your life.

Again, I would encourage people to try everything and fail, as you will learn more from it than your accomplishments/achievements.

P.S. Enough of my rant...

Thank you for sharing your experience!

You can't be too hard on yourself, that's a fact. If you beat yourself up, it won't be any better. It's important that you understand:

a) What your strengths are
b) Learn from your failures
c) analyze your weaknesses and by strengthening your strengths offset your weaknesses.

I think you have a great career and great success, praise yourself more often.

My biggest fail is that she is not in my life anymore but about work that sometimes I can't make a single campaing on facebook work, had to move to google ads for a white hat campaing, don't get it what happend, couldn't continue wasting more money two times is enough move from there, facebook is my biggest failure.

I hear from a lot of people that google ADS is much better quality work than Facebook.


I had a face to face experience with a top 1 PDL-Profit affiliate and his source is google, some niches are worse for Facebook.

 

[blackbeans]

My biggest failure as an agency owner was not adequately preparing for success.

When I first started in the business process outsourcing industry, I was bombarded with offers because I was part of a community of affiliate marketers.

I knew affiliate marketing inside-out, and I myself was fairly successful as an affiliate marketer.

I was making $100,000 a year from AM, and people knew it.

I've made money for people so they know what I'm about.

They know what my skillset is.

So they started hiring me for side jobs, and I did well with them that people told their friends and their friends told their friends.

And before I knew it, I was being interviewed and all this good stuff.

My name was getting out there, and I started an agency to capitalize on this.

But the problem with my agency was that everybody was in-house, and everybody was a fresh hire.

I basically found myself micro-managing the company.

When people think about working for themselves and building a business, they think about freedom.

They think about sitting on the beach, chilling by the pool, and the business runs by itself.

In reality, my BPO business, although it was making good money and had a lot of people, was a hellhole for me because I was the first one in the door and the last one out the door.

Even if I didn't show up at the office, my business was weighing down on my mind 24/7.

I screwed up.

Every single day, the phone would ring off the hook, and my emails would just be bursting at the seams with people wanting to give me their money.

They're sending me their money:

"Hey! Do my project.

Do this, do that."

That's how "successful" my BPO business was, and I couldn't hire good people fast enough.

I'm not even talking about people who know what they're doing, just people with a pulse.

That was how crazy it was back in the early 2000s.

So what lessons can I share with you?

Tip # 1 - Have a scalability plan

First, you have to have a scalability plan.

If things go well, how can you handle that success?

Are you ready for it?

Remember, good news travels way slower than bad news.

If you have a business and you've mishandled an account, I'm gonna tell you right now.

The news of that fuck up will continue to haunt your company far longer than the many times you made other businesses millions of dollars.

So be ready to handle the volume of orders in such a way that you deliver on your customers' expectations.

This requires a scalability plan.

Tip #2 - Think in terms of systems

When I jumped on a plane from Los Angeles to go back to the Philippines where I was born, I was just thinking of palm trees, hot chicks, crazy nightlife, and of course a little bit of money on the side.

I wasn't thinking about building systems that would enable my business to run without me.

In hindsight and hindsight being 20/20, I should have first hired an HR person.

If you're gonna build an agency, this is your most strategic hire because this person's personality, viewpoint, and values will be reflected in your company.

So here I was raised in the US with absolutely no clue about contemporary Filipino culture at that time just hiring people randomly based on their resume and based on some ridiculous low-quality test that I set up, and people were performing mediocre work.

And guess what!

It's not their fault.

It's on me.

That's because I didn't have a system.

I didn't have an onboarding system.

I didn't have a skills training system.

I didn't have a revenue maximization system.

I didn't have a career development system for the people who signed up for my company.

It was unfair to them.

I wasn't doing myself any justice.

Everybody was losing.

That's how bad things can be if you don't think in terms of building systems.

Systems are self-reinforcing.

They create standards, and they tend to attract the people that would push your company to the next level.

They're not gonna attract mediocre people.

They're not gonna attract parasites.

They're not gonna attract dead weight if you set them correctly.

And at the end of the day, it's all on you.

Tip #3 - Know when to sell

The third tip that I can give is to know when to sell.

The funny thing about my business, as chaotic as it was, as random as it was being run by my wife and myself, was doing really well financially.

In fact, it was doing so well I got a buy-out offer in the second or third year of its existence.

This is where you have to park your ego.

A lot of people would say, "I put in all this time, and it takes so much of my mental space on a 24/7 basis.

I want the world for it."

No!

It may seem low whatever the offer is.

It may seem low, but it's actually a golden key to get out of that jail.

If you run a company where it's all about you and you're just micro-managing everything and you feel that you have to have your finger in every project and everything has to pass through you, it's only a matter of time until it eats you up and you just give up.

Look at any buy-out offer as a golden opportunity to exit with a nice payout and learn from the mistakes that you made to come up with a better company the next time.

I didn't do that.

I had that buy-out offer in 2005, and I got an even better buy-out after that.

I still think about that missed opportunity.

This is why I am sharing these with you.

If anything, learn from these tips because they point to the biggest failure.

A lot of the times, the biggest failure doesn't look like a failure on paper because there's a lot of money.

There's a lot of soul that was paid for that money.

So keep that in mind.

 

[charles133]

Well i fail so many times that its part of the process now and you should accept and embrace failure if you want to achieve big dreams in life