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Getting back into MMO

Discussion in 'Introductions' started by Revtach, Aug 4, 2016.

  1. Revtach

    Revtach Newbie

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    Hello all,

    I made my first foray into MMO in 2007 when I purchased the richjerk program. It is, to this day, the best program about MMO that I've seen. The ebook was short, to the point, full of only the things you need to know to make you feel informed, and the program included a website to get you started.

    Purchasing that program eventually led to me signing up for his affiliate coaching program where I received 8 weeks of online personal coaching to help me start my first online business. I really wanted to do affiliate marketing but the coaching service was geared toward a drop-shipping business. So, I started an online drop-shipping business were I sold car audio equipment. I enjoyed mild success and learned a hell of a lot. Most months I made only $200-$300 and it was pretty much all passive income. Some months during the Christmas season I made over $1000. I had one order once that was $15,000 and I made over $1000 on that that order alone. Again, mostly passive. There were some phone calls here and there I had to answer from customers but I enjoyed learning about car audio equipment and helping customers.

    I could not believe the potential I was seeing in my website to make serious money. However, I had a major limitation in that my drop-shipping supplier was unreliable. They were giving me outdated and inaccurate inventory reports and I ended up canceling very many orders. I really wanted to expand the business and advertise more aggressively but I though it was pointless since my supplier was the weak link and at the time I felt there was nothing I could do about it. In addition, my wholesale supplier was also their own retail store supplier and their retail store was my competition. So, in terms of price, I could not compete with them. I was 20 years old and going to school full time while doing this. I ran the site for about 2 years and decided finally to shut it down when I left community college and went off to a 4 year university. The sales were slowing down and my supplier was still unreliable and I lost interest.

    So it has been several years since I took the site down, but the dream is stronger than ever to be successfully self-employed. I went to school, got my degree, and now I work full time and have a comfortable standard of living with a good salary. My field was mildly interesting to me in the beginning but I was really only going through the motions because I needed a paycheck. I've been working professionally for 3.5 years now and I am more than ready to quit. The nonsense is what kills me. At my first job out of school my employer appointed a complete dimwit to be the head of our department and my new manager. We all hated him as he was selfish, a liar, and lazy. But, he played the politics game really well and always made sure to put up a good front when higher management came by and so he looked good. He made our lives a living hell. The department had a lot of turnover and we went way over budget because of him. HR received a lot of complaints against him as well. But it didn't matter. The higher up management was immune to his BS and as long as he looked good to them they didn't care about what us pawns had to deal with. He did eventually get demoted, but it took way too long and they only demoted him because several people in the department were threatening to quit at once. Yeah, it took all that. On top of the manager, I would see so much room for improvement at work in terms of how we ran things day to day. But the powers to be weren't interested in making improvements. On several occasions I pointed out small changes we could make that would make everybody's life a lot easier but they didn't want to hear it. The nonsense really gets to me. Everyone will agree that it is frustrating to know that you are a smart and capable person and yet aren't being allowed to fulfill your potential.

    There are other reasons I'm ready to quit being an employee but the post is getting to be too long. The gist of what I'm saying is that I'm ready to really take control of my life and live my life on my terms. It's the only way to go. I'm not sure which route I'll take this time. The new adblock programs are making me think to not waste my time on adsense. Website flipping sounds appealing. Promoting products seems to never fail. Perhaps I'll post in the "journey" thread to keep updated anyone who's interested.

    -Revtach
     
    Last edited: Aug 4, 2016
  2. proxygo

    proxygo Jr. VIP Jr. VIP

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    always keep 1 finger in a job and another in your online work. seo type work never promises permanent
    income, so better to have a bit of both till your up and running and making
    steady income
     
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  3. Revtach

    Revtach Newbie

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    On the one hand it's a good idea not to give up your job until you are safely established in IM.

    On the other hand nothing will push you to succeed faster in IM than quitting your job and losing your only source of income. Desperation is the mother of ingenuity.
     
  4. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    i've always wondered how do you handle returns when you drop-ship?
     
  5. Revtach

    Revtach Newbie

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    I'm sure it varies from supplier to supplier. For me, I would contact the wholesaler and they gave me a RMA# for the order. Then I'd contact the customer and have them write the RMA# on the side of the box and give them the address of the wholesaler to ship it back to. The wholesaler would give me a credit on my account with them while I would issue a full refund to the customer's credit card minus the shipping fee.

    In the two years I ran the site I had only a handful of returns. Online shoppers are generally savvy and really inform themselves before buying so rarely do they end up returning stuff. It also helps that the customers have to pay the return shipping as well so they don't want to lose money both ways.
     
  6. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    ok, so then in order to do drop-shipping you had to have a merchant account that took credit card orders, is this correct?
     
  7. Revtach

    Revtach Newbie

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    Yes. The only other option at the time was PayPal but at the time PayPal had a questionable reputation due to not being a bank and so was not subject to banking laws. I remember reading reports of them suddenly freezing people's accounts (along with the money in the accounts) for undetermined periods of time. Many people complained that their businesses suffered, sometimes greatly. Another reason to not use PayPal was that it made you look less professional and legitimate. If you signed up with authorize.net and a real credit card processer then it meant you were a verified seller and were allowed to display a verification logo on your site that gave buyers some reinsurance about you. A real merchant processer was the best option.
     
    Last edited: Aug 8, 2016