raenic
Junior Member
- May 2, 2013
- 158
- 30
Everyone knows red wins 80% of the time.
Earned Six Figures Last Year, What's Next?!
- Thread starter raenic
- Start date
SamLewis
Supreme Member
- Oct 25, 2012
- 1,343
- 1,058
Hi
How have you been monetising your gaming site? Did you sell any products, just advertising, affiliates etc.
I think the problem is most of the internet has became saturated. Somebody said to invest in a few websites, which is getting more common, rather than making 100k off 1 website its much more pheasable to make 20k off each of 5 micro niche websites.
If you have experience in websites I think you should stick with websites instead of invest in something new.
How have you been monetising your gaming site? Did you sell any products, just advertising, affiliates etc.
I think the problem is most of the internet has became saturated. Somebody said to invest in a few websites, which is getting more common, rather than making 100k off 1 website its much more pheasable to make 20k off each of 5 micro niche websites.
If you have experience in websites I think you should stick with websites instead of invest in something new.
raenic
Junior Member
- May 2, 2013
- 158
- 30
The site is monetized off digital products, and services that we offer.
I would invest in American oil over Canadian. Reason being American oil cost less per barrel to produce than Canadian. If oil never reaches that $100 a barrel price point again (which is a big possibility) and settles around $70-80 a barrel, most Canadian companies can't turn a profit. I've been reading that Canadian oil cost $60-80 a barrel to produce depending which company and what method they use. American oil cost $40-60 a barrel. The Sauds, who can produce oil for under $10 bucks a barrel are trying to push out higher-priced producers. So they can just up production to keep prices low enough to keep them out of the game. Especially when you consider that there is apparently only 50 years left of oil production on earth according to BP oil. Either way its definitely risky, you're kind of late on the oil game though. January would have been the best time to buy or even that little drop we had march. There is still a bit of money to be made if you think oil will rebound to $80 eventually.
raenic
Junior Member
- May 2, 2013
- 158
- 30
Specifically I'm looking at a Canadian company that produces oil piping, but their stock value still fluctuates with the oil prices. They have a solid balance sheet, and already have the orders for this year simply working on fulfillment. I see the weak dollar and their stock being brought down by the oil prices as a prime opportunity to make a smart long hold
Ahh I get it, well its good to diversify your income sources. Does it pay a dividend aswell?
mrperfect314
Junior Member
- Sep 10, 2011
- 139
- 23
My suggestion is invest in property there are two benefits.
Short term benefit: You will get rent montly from that property.
Long term benefit: You can sell that property after few years when the rate of that property goes up
Short term benefit: You will get rent montly from that property.
Long term benefit: You can sell that property after few years when the rate of that property goes up
cyrusmoney
Regular Member
- Feb 2, 2014
- 338
- 80
In my opinion you shoud invest in buy houses and rent them on AIRBNB.
Its cool bussiness and you have advantage that you are not "local" so when you rent outsiders will trust you more because you speak english.
Then you can start to scale when you start to get money back.
Its cool bussiness and you have advantage that you are not "local" so when you rent outsiders will trust you more because you speak english.
Then you can start to scale when you start to get money back.
jhtweee455
Regular Member
- Jul 10, 2014
- 243
- 51
Beer and booty.
meathead1234
Elite Member
- Sep 24, 2008
- 3,724
- 14,585
Reinvest in yourself. If you already have an established reputation - leverage that. An industry getting more competitive isn't a reason to quit and move into something else. You've already done most of the hard work.
raenic
Junior Member
- May 2, 2013
- 158
- 30
Majority of the traffic is free traffic, and we have fixed a stock issue by finding a new supplier so I am contemplating going more aggressive with CPC. My current strategy leaves a lot on the table CPC wise.
I'm not adverse to that, I've just been uninspired lately more then anything else. It would be nice to diversify my portfolio even if it's just a few passion projects. I think right now it would be a good idea to change gears to keep myself engaged.
I've considered property, however 150k doesn't buy a whole lot. I am very debt adverse and would prefer not committing myself to a mortgage.
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william19510
Regular Member
- Oct 14, 2014
- 310
- 17
The best thing to do is find other ways to make income. More specifically, we should aim to make passive income; where you aren't working for the extra money and can still have time to actually appreciate what you've earned. This post stated a lot of ways, which includes investing, but one step further would be to start a FT business. Of course, you will have to put in work for the first couple of years, but if you implement a system that allows your business to run itself, or at least have a team handle the day-to-day tasks, you can earn 7 figures instead of 6 with a lot of time to do the things you want. Just a suggestion though.