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Long thread, Simple Method for noobs and experts + Observations and more

Discussion in 'Making Money' started by TheMasterOfMoney, Dec 7, 2013.

  1. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Okay, so I am very bad at writing things, but I have a few observations and a method I would like to explain. Most of you already know this, but just writing it again so you believe it. It isn´t even a method because I am pretty bad at explaining but here I go:

    See and think what you are better at
    So basically, this section is for making money online. I never used Adsense (or actually did but made about $100 or so and left the account alone) because what works better for me is personal contact. I can make more money on that way than creating autoblogs or a popular site. So, what I did was to create websites to resell other services. Think if you are good at it. Other people prefer to create blogs, others to create affiliate sites, review sites, startups (will write about it later too).

    This method: Pro Reselling
    For this method, the main strategy is to find the best quality sellers. Whatever you are selling, always find the best sellers, the ones that deliver fast and consistently, do not select the cheaper ones to make a bigger profit. The ones that will keep buying from you need speed and good service.
    Some people will call it scamming, and I can tell you, it isnt scamming. Why? Well, first to all, you are taking the time to process their order, and they skip the hard part of finding the right seller with the right price. Sometimes the highest quality sellers don´t speak proper English, sometimes they can be rude and more, so the main thing here is to have your own clients, and to treat them very well.

    What can you resell?
    Anything! Products, services, anything you want. The thing is, try to dont get into an affiliate program. At least from my opinion, you will have more freedom if you resell your own things. I would say, try to dont get into the replica business. Basically because it would take off a lot of your time if you want to keep in the business with all the banning and stuff. I highly recommend things you are very into. Forums are a great way to find things to resell. Forums are where the experts, where the people who love what you need are. For example, I love watches for example, and at the forums you will always find the latest news and best prices for pre-owned watches. Selling what you love and care about is important.

    Where to get the products or services?
    Look on eBay or iOffer, or even Fiverr. Or here. You will need to find the best sellers, that is the main strategy. Ask them to add them on Skype, tell them what you are doing. There are many good sellers that will become your friends too. In a few words, be nice and they will be nice. You aren´t their boss. You are paying them some money for something that you are pricing higher, so you have to respect them and treat them perfectly. Treat them as your friends.

    Do things for your customers
    Dont ruin things for your best customers. If they need a refund because they didnt like something, refund them. They will come back and generate more profits for you.

    Where to sell them?
    The best way is to have your own website. Promote your website in the same forums we talked before, buy advertising, send emails to people you think would be interested (personal emails, not spam), and watch it slowly grow. It will take time, but dont settle. It will happen. If you resell sweaters from China, contact online shop owners and tell them about them and why they should add them to their store, how many colors you have, dont make them pay or anything, send some for free, etcetera. At least one will say yes, I guarantee you.
    Other good places to sell are eBay (you can even resell the same product on the same site, no one cares and if you have a better service, they will go with you) and etsy. Most of the highest rated sellers on etsy are resellers, who are selling the same things from Taobao (other website where you can get things for resell, but it is all in Chinese so maybe skip that) and ioffer except that they are adding 100% its price.

    Put time to this method, it works. I do it since I am in IM, in different places and niches, and it works. Do it with things you love. It is worth it, it is even fun.
    A screenshot from one account where I do this method. No, it isnt a lot of money for me anyway because I pay for my own education, since I dont think it is fair for my parents to pay for it because I am studying abroad and in an expensive city. Also I invested some money in the wrong places (I was going to invest 20k on bitcoins when they were $100 and I was between bitcoins or a Joint Venture here, I went for the Joint Venture here and never saw a cent back). I know some of you wont believe it, I dont care.
    Fiverr.png

    So yeah, here is my method. Resell and profit. And Keep it simple. Please keep it simple. Dont make it too hard. Simple is better.

    More observations

    Keep time outside this forum
    We have great members here, but you need time outside it to connect your ideas. I spent about a month without this forum to see what would happen, and I got new (I wont say better yet) ideas, simpler ideas. Again, simple is better.

    Own internet properties
    Non-making internet properties are important too. For example, I have a Tumblr account with over 40k followers and it grows every day. Highly targeted (Fashion). Never advertised yet, not even 1 product. I am waiting it to hit the 6 numbers and then, maybe I will start to sell something. Maybe. Some things are better untouched and maybe I will just keep it advertising free until I get a selling offer or until I create my own fashion curated website or my own fashion designs.

    Find something you like
    Knowing IM helps everything. It helps any business. So any business you have, do it, using what you already know. If you want to have a restaurant, even if it is small, open it and rank it with the BHW experts here. Create Google local listings, add some reviews on a tourist website, be crazy with it, you have a really big advantage than the others.

    Go big: Startups
    Create a startup. I know people who made lots of money (talking about millions) with startups. Again, you need something you like, and more important, it isnt supposed to essentially make money. The main thing with startups is that it has to be something that changes people life, in a better way. Forget about money for a second and think about needs and improving people´s lifes. Even if there is something like what you dreamed already, go for it and make it 10x times better. My next project is a startup too. I started IM with $0, nada. I want to hit the 7 figures and I promise if I do, I will come back and write a nice thread about it.

    Last words and final thoughts
    I just wrote it in a couple of minutes so I am sorry if its bad edited, written, with bad grammar or whatever. Dont forget about being legit, keep it real, spend your money on whatever you want and do your best for your customers. They will thank you. :)

    Thanks for reading!
     
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  2. bihguy

    bihguy Power Member

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    Great thread. This migh help some people, if they are willing to read it through.
     
  3. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Thanks :) Hope it helps some people!
     
  4. thatkoreanguy

    thatkoreanguy Newbie

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    I don't quite understand. You say to sell your own things but the method is about reselling..?
     
  5. Carepolice

    Carepolice Power Member

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    This is really solid advice, I'm glad you decided to include a section about that.
     
  6. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Reselling. When I say selling my own things, it means the items I am reselling.
     
  7. thatkoreanguy

    thatkoreanguy Newbie

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    So is the method essentially dropshipping ?
     
  8. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    No, it is re-selling other peoples services.





    Some good points OP, thanks.
     
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  9. C.S.R

    C.S.R Regular Member

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    Awesome thread. Thanks buddy.

    BIG earning from Fiverr. You are real "Master Of Money"
     
    Last edited: Dec 7, 2013
  10. Teeheeindeed

    Teeheeindeed Newbie

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    Damn dude. All that money from fiverr? *Bows*
     
  11. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    Yes, I think startups are something that most IMers forget and something we all should think about. Most of the people in startups started in some kind of IM so we all can do it and we have an experience from the other side of the business
     
  12. Silverion

    Silverion Junior Member

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    Do you already have a startup project in the works or is that just your next step?
     
  13. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    I wrote all the plan on paper last week, so I think I will start soon. :) I am pretty excited!
     
  14. cindyrose888

    cindyrose888 Regular Member

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    Reseller Ebooks ? Other than services ?
     
  15. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    I never reselled ebooks, but if I would, I would make sure that they are okay to edit and add my own information. Then I would create a website and focus on other points that the first seller didnt focus so it would bring other traffic and people interested on it. I mostly reselled services and some "real world" items such as watches, straps, hats and agendas. Small items go pretty nice if you know how to market them.
     
  16. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    No problem, glad you enjoyed it :)
     
  17. walandio

    walandio Senior Member

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    you are good in writing man.. thanks for the method and inspiration..
     
  18. Kiranboh

    Kiranboh Newbie

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    I love the start up idea, do you have any experience with it?
     
  19. Tripeiro

    Tripeiro Junior Member

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    Hi. Great thread!

    I'm curious how did you start reselling. Cheap items at small quantities?

    I'm a newbie around here and I see selling and reselling on the internet as a big deal with a lot of money investment and maybe I'm wrong.
     
  20. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    I funded a couple of internet companies, but never a start up, they were just normal businesses dedicated to make money. A startup is a different animal because it focuses on how it can help and how innovative /accepted for people / market is.

    No problem! :)

    I started by reselling some services. I knew some IM people who offered services but couldn´t write a proper English (neither do I though) so I started to resell them to American clients.

    You can start trying to resell some services, so you dont have to invest at first. Some people aren´t made to resell, that´s why I say maybe services is a good start for you, so in case if you arent good at it, you didnt invest too much. When you resell services, only buy what people bought already.