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Appreciate the small profit margins.

Discussion in 'Making Money' started by SEO1337, Jun 11, 2014.

  1. SEO1337

    SEO1337 Jr. VIP Jr. VIP Premium Member

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    I don't want to bore you with a huge, long thread, so I'll get straight to it.

    Let me tell you this, if you have the oppurtunity to make a mere $5-$10 selling, reselling or whatever, take it! This may be obvious, but when you're making a lot of money, you don't appreciate money, well I didn't anyway.

    A few months back, I was having hard times with my earnings and prior to that, I was making around $500/day and it got drastically reduced to $40-$80 at best. During the time I was earning around $500/day, I wouldn't bother selling, reselling etc for a $5-$10 profit, I would think it's too little to bother with. Now, I've brought my earnings back up but now I sell things for $10 or so profit, the small amounts of money count, so don't not do something because the profit margin is small, profit is profit, no matter how big or small the margin may be. It's the small amounts of side money that can keep you afloat during the hard times.

    -SEO1337
     
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  2. person03

    person03 Registered Member

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    Yeah thats true, back in May I didn't even make $2500/day now that i resell stuff for like $50 I make $9500/day !!!
    Ofcourse minecraft should allow us to automate this.

    But irl I make about 0.02$/day using adsens -_-
     
  3. Aatrox

    Aatrox Jr. VIP Jr. VIP Premium Member

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    Yeah I agree. Once I was at $100 a day, I kinda stopped working because I felt the power of money. Hopefully I'm not gonna do that again.
     
  4. SEO1337

    SEO1337 Jr. VIP Jr. VIP Premium Member

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    Let this be a wake up call then. Try implementing a new work ethic, more success = worker harder. I know I'll be doing that from now on.
     
  5. popbradley

    popbradley Power Member

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    This is true. Not to long ago I got into youtube marketing and it was just sooo easy at the time. Since this is already a known method I don't mind sharing what I did but the main thing is I saw someone making like 5 - 10 a day just uploading videos. I made a simple video (for Diablo 3 at the time the day before it came out) uploaded it. Put it in vagex and sent a ton of views to it. The next day it went viral and I made 200 bucks in one day off that video for 1.5 weeks until it got deleted. Needless to say I scaled it like crazy. As time went on however it got harder and harder and more saturated. Earnings dropped to making only 5-10 a day and needless to say I started to not be able to "bother myself" with such little income. So I stopped doing it and moved onto other methods.

    well times got harder and a lot of the "money making" projects I started failed. I spent tons trying to get things started and just have them fail. I learned a lot in the process but still needed extra money coming in. To this day I still have some "niche videos" not those mentioned before but others" posted and they bring in about 5-10 total a day. I regret not sticking to it while doing other projects and from then on learned that if I find a method making any profit. Keep at it while doing others. I now do a few different methods on this I learned on this forum and even though they give small profits a day ( 5-20 ) I am grateful for them now and see how much they all add up to.
     
    Last edited: Jun 11, 2014
  6. SEO1337

    SEO1337 Jr. VIP Jr. VIP Premium Member

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    Certainly, glad you've also learnt from your mistakes. Instead of "appreciate the little things in life", we can proudly say "appreciate the little profits in life".
     
  7. igniteimages

    igniteimages Regular Member

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    Similar to any offline business - it's great to get that big case but it's the accumulation of a lot of small cases that can make a substantial part of your income - plus those smaller cases can lead to bigger cases and lots of experience.
     
  8. Reyone

    Reyone Elite Member

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    Focus on a percentage, not on a number.
     
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  9. iHatter

    iHatter Newbie

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    Well, at the end of the day, pennies make dollars/pounds :)
     
  10. nanavlad

    nanavlad Jr. VIP Jr. VIP Premium Member

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    If you really want to know about tiny profit margins .
    Check my Sig

    I too made a killing with Diablo 3 but i learned my lesson
    All those cents add up to a business
     
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  11. HowToearn

    HowToearn Newbie

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    At present i am facing the worst time of my life and really need some guidance to make 10 - 20$/day. Really appreciate any help.
     
  12. luisk

    luisk Regular Member

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    Ask to the guy in the thread that is making $9500/day, he would probably tell you how is he doing it. look for methods here, just for a brainstorm, it's not worthy to do the same.
     
  13. Janbanan

    Janbanan Registered Member

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    This is kinda my way of life. How I have always done. So pretty obvious I think. But I have seen that the majority of people are so damn bad with money. Don't care about small amounts (many small drops makes a river) and also don't care to look up cheaper prices on things because they know they can afford it.

    I would say 50% of getting rich/earn money is by actually earning it. and the other 50% is by being smart and dont waste it on unnecessary expenses or bank fees for loans etc.
     
  14. SH-M

    SH-M Jr. VIP Jr. VIP Premium Member

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    Clever advice SEO1377. It happens almost every time. I know I'm in that same kind of situation now, hence I need to take more action and spread the eggs in different baskets.

    Thanks for the motivation.
     
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