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Looking for advice

Discussion in 'BlackHat Lounge' started by Ty Bogey, Mar 20, 2014.

  1. Ty Bogey

    Ty Bogey Newbie

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    Hey BlackHat Community,
    Little background first, I'm 20 years old and have done some college but haven't been participating full time since high school. The reason is I would rather anything than ending up in a cubicle farm or some other job that I wake up at 6 every morning to make someone else a lot of money. Lol I feel like that is the majority of the people but hey as 2 chainz says "I'm different!"

    I just recently began looking into eCommerce, drop shipping, fulfillment options, etc. What I ask of anyone is advice. I want to know what I can do to best utilize my time and not waste some time on schemes. I'm more looking into the full legitimate business side of things. I live in the USA and know I would need to get an EIN and resellers permit. But I would like to hear some others advice. I appreciate it guys and hope to become a part of this community
     
  2. CoreGroup

    CoreGroup Newbie

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    My advice is that the reason so many people "wake up at 6 every morning to make someone else a lot of money" is that starting and running a "full legitimate business" profitably is very difficult and even impossible for many people. The biggest trouble you'll run into in dropshipping is finding a reasonable supplier of non-saturated goods that have a market.The biggest trouble with ecommerce is convincing people to buy from you rather than a trusted brand. You need a unique angle and tight marketing, and that is actually very hard to accomplish. It can be done, but you need experience and the ability to absorb big failures.

    Honestly, you'd do a lot better to get a day job (for capital) and start learning how to market and profit from other people's businesses via CPA and other affiliate stuff. That will give you a huge insight into how people actually run online businesses, and position you to be able to start a viable business down the road. You say you're different but that just makes you a mark for clever people who will play to your ego and take you for a big ride. Approaching things humbly (ie. realizing that you are competing with brutal and highly-experienced players while having no advantage yet) is a better way to go.

    A day job isn't so bad if you know you are doing it for a reason (building up money for your own ventures), and if you can't handle one you certainly won't be able to handle the IM world. My 2c anyway.
     
  3. jimmylegs

    jimmylegs Senior Member

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    Couldn't agree more with @coregroup
    Don't get discouraged tho, try buying and selling items that interest you first, then as you gain more capital, re invest in some bigger project.
     
  4. evilclown

    evilclown Senior Member

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    As an employee once your shift is over, is over you can go home and relax. The boss has to stay and be the employee if an employee does not show up. People are fascinated with the idea of making tons of money online. But they love the idea, not the fact that you have to work as twice as more than an employee.