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ABOUT TO BE OUT OF DEBT: Advice?

Discussion in 'Making Money' started by Euphorix, Sep 11, 2015.

  1. Euphorix

    Euphorix Supreme Member

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    Hi there,

    About a month ago I was in a scary amount of debt. I've been working none stop since then on my eBay business's (also got a 9-5) and am down to $2,800 of debt.

    I'm planning on writing a detailed post about the journey once I'm back in the green.

    On to this post: I'm sitting with a friend today going over my income stream (major one was shut down yesterday because I can't pay eBay fees) and he jokingly says "why don't you just get accepted to a $100 lead Cpa, throw it up on a site, explain your situation to thirty friends, and have them each enter their info."

    We both stop, lock eyes, and jump up laughing. *Genius*

    Could I potentially do just that:

    Use the money I make off my 9-5 for groceries/ to eventually pay off my eBay fees, join a $100 lead cpa network, get thirty friends to enter their info, and get out of debt?

    I have no CPA experience. Is this a viable option? I'm not looking to build something sustainable. I'm looking to make 3k and get out of credit card debt
     
  2. hateandbreak

    hateandbreak BANNED BANNED

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    30 clicks > 100% CR = looks fishy to CPA NW's
     
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  3. oplaopla

    oplaopla Regular Member

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    $100 leads usually take some sort of sale or at the very least signing up to the trial. CPA networks and advertisers aren't stupid they'll catch up. Also you're idea isn't "genius", it's a scam. Scams are a way to make money fast however can you deal with the knowledge that you had to rip off a CPA company or an advertiser to get out of debt?
     
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  4. Euphorix

    Euphorix Supreme Member

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    How could I go about making this concept realistic?
     
  5. Euphorix

    Euphorix Supreme Member

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    I'd 100% rather do it ethically. How do you suggest I go about making 3k this October?
     
  6. oplaopla

    oplaopla Regular Member

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    How about you just continue what you're doing? Use the money from the 9-5 to pay your ebay fees and get back on track then pay off the $3k once you got it through your 9-5 + ebay
     
  7. Euphorix

    Euphorix Supreme Member

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    It will take me six months to pay off the fees with my 9-5. Compounded credit card interest

    I could grab a second 9-5 (interviewed today and have another interview tomorrow) but even so I'm looking at three months + against compounded interest and a mom that is reminding me I'm in debt every day.

    There has to be a smarter, faster way to do this
     
  8. lightningblitz

    lightningblitz Elite Member

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    Why didn't you save money from the selling of items for the eBay fee's? That would be the most simple way to pay them, no?

    You could burn the account and start a new one.

    What are you 'good' at and what skills do you bring to the table? There are a LOT of options for fast money. Craig list selling of items, ebay / Amazon item flipping, retail item flipping to Amazon (Some items, like Toys R Us products baby wipes, make a killing on Amazon), leveraging skills in IM / SEO, Grunt Work for SEO (Article Writing, Web 2.0 Creation, KW Research, Coding), Amazon Reviews, eBay reviews, Yelp! review, Fiverr Reviers, ect.

    3K would take a lot of time and patience with some of the options, but it is more practical than a CPA scam you are depending on which most likely will not pan out.

    To see if your skill set is applicable, go to the 'Hire a Freelancer' section and apply for the jobs you can do. If you do not have the skills to do any of them, you need to figure out how to flip items in my opinion as that severely limits your options. Freelancing can give you quick cash when you are in trouble.
     
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  9. ChanzGrande

    ChanzGrande Elite Member

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    This is not a real viable or good option for resolving your situation. It sounds like you were already making progress towards elimination of your debt using mainstream earnings channels, i.e. your job. You should definitely stick to that if it was working.

    There are certainly a lot of other things you can do for income, and I often drum up income in the "hire a freelancer" section here at BHW as others have suggested, so I'd stick to that, and seek out some services you could perform to earn some money to pay towards your goal of debt reduction.
     
  10. Euphorix

    Euphorix Supreme Member

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    I have now applied to over 200 freelancer jobs on Freelancer + Upwork and have not been hired once. I've also been through BHW's freelancer thread.

    Not that 200 is a lot.. but I've also sent soooo many emails on Craigslist.

    Kind of feels like I'm spinning my wheels *sad face*
     
  11. pxoxrxn

    pxoxrxn Supreme Member

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    How much debt could you really be in if you can pay it off in a month packing groceries? Try getting a 30 year loan and then you can talk about debt.

    As for your plan, do you really think that you're the first person to think of that shit? Do you really think a CPA network hasn't thought of it?
     
  12. Euphorix

    Euphorix Supreme Member

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    I paid most of it off through an eBay business I took a year building. If you're going to be negative at least be constructive
     
  13. pxoxrxn

    pxoxrxn Supreme Member

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    I was constructive. I told you that your idea is horse shit.
     
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  14. Euphorix

    Euphorix Supreme Member

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    You actually made a good point. Just could have been a decent human being about it: If you were me, how would you personally go about making 3k this fine fall-y October?
     
  15. pxoxrxn

    pxoxrxn Supreme Member

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    With your eBay business obviously.

    How did you pay off the other part of the loan if the takings - eBay fees didn't = profit?
     
  16. J-S-T

    J-S-T Jr. VIP Jr. VIP

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    Too much Work for ultimately not Getting Paid.
     
  17. Euphorix

    Euphorix Supreme Member

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    eBay's not in the equation anymore at all. What would you do if you didn't have eBay
     
  18. hateandbreak

    hateandbreak BANNED BANNED

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    Do some cold calling. Might have to go through some numbers but you can sell some websites or marketing services if you have it as a skill. If you can do FB Ads, then even better.
     
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  19. TayaX

    TayaX Jr. VIP Jr. VIP

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    If I were in debt, I would definitely avoid some shady idea or business online. Get some construction work 12/hour a day and say bye to your debt with clean money. Then you can sit down again with your friend and think about making money online.

    You have to understand that even if it would be easy to make money online, the time to cash out your money will be longer. Most CPA networks pay NET 30, adsense too.
     
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  20. Apricot

    Apricot Administrator Staff Member

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    As people have said, getting a group of friends to provide fake info is something that lots of people have thought about, including the cpa companies. It's also fraud, so discussing methods is against the bhw rules.

    Thread appears to have moved away from this so I'll leave it open for now - just as long as it remains constructive and within the rules.
     
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