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Need your feedback on this please..

Discussion in 'BlackHat Lounge' started by AffGuy08, May 24, 2009.

  1. AffGuy08

    AffGuy08 BANNED BANNED

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    Hey bhwers!

    One of my best friend is in financial problem and he knows that I am doing my stuff online. I offered my help to him and he suggested me to open an office so both of us can work together doing what I am doing currently in an office (I am working at home now). He said it'll be easier for me to guide him and we can work together in a better environment (an office).

    I make enough money to survive and buy stuffs but I have mix feelings on this. I want to help him out and with an office maybe I can do better rather than being at home and in a relax mood. It's like having more discpline in making $ on net.

    But

    I also feel unsecured and scared I might blow my money (rental for an office) and also my time in teaching him. He needs at least $600 a month to survive and I tend to at least get him earn $1000 on his own but I have no idea if he can do it. What if he makes less than that and I end up losing my money and time?

    I really want to help him and take this chance to grow bigger and better in my online biz, what do you guys think the best thing to do?

    Really appreciate your feedbacks on this matter. Thanks!
     
  2. djedje70

    djedje70 Regular Member

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    none of ur fr#$%ing biz dude!!!
    Don't do it if you don't feel secure enough about it all. Maybe the time ain't right and you'll want to do it later.
    But seriously... You're ready to help him make some dough online so he can get out of shit but he wants you to pay for an office (if he has no money, how will he pay his share)???

    Teach him first, and when he starts making good money on his own start thinking again about renting an office with him. But only when he start making some.
     
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  3. AffGuy08

    AffGuy08 BANNED BANNED

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    Thanks for your feedback buddy.

    Currently he is in a lot of financial problem and it's kind of hard to teach him without an office. I'll pay the deposit and other stuff first, then if he makes at least $1K a month, $600 goes to his pocket and other $400 to pay the rent and bills.

    I am getting married soon, need lot of money for that and I can't take a risk of not even earning what I earn now for a month.

     
  4. ezcoin

    ezcoin BANNED BANNED

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    When I first started in IM I was a mortgage broker that was seeing my business slowly go away. I already had an office so as the business kept getting slower I did more to make money online. I had 3 computers and my wife was my notary and loan processor. I put her to work writing articles and getting links to my sites. We worked around 10 hours a day which was way down from the 15 hour days we were doing in the mortgage business.

    But as time went on the rent killed our profit margins because we were paying $1200 a month plus utilities. That was about all we were making at first because I was new at IM and didn't know exactly how to drive good traffic to my sites yet.

    We moved out and set up the IM business in a spare bedroom at home and not long after that I learned how to drive traffic to my sites and our income situation was never the same again.

    I took the money I was paying for the office and bought traffic. We were spending the money anyway we just sent Google the money instead of paying the landlord rent. I don't want it to sound like it was all good because I lost thousands in the beginning until I learned how to profit with AdWords.

    If I were you I would still work at home but only if you can discipline yourself to actually do the work. I had no problem with that because I was out of the office more than I was in as a mortgage loan broker.

    My advice is don't spend your money on an office until you are sure this situation will work because there are a lot of fees to get set up in an office. One of the great things about IM is you just need a computer. You would never know I'm writing this with my laptop sitting by my pool. That's the way I like to work but I put in the work to get the results I want no matter where I'm at.
     
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  5. AffGuy08

    AffGuy08 BANNED BANNED

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    Thanks man for telling me your experience, I have been working for the past 2 years at home and doing this full time but I hardly can discpline myself. That's not the main problem, I am doing this for him and kind of worried it won't work out.

    My actual plan for him was get like 100 articles on various products, get him submit them manually to article directories and social bookmarking sites, did this on a small scale and did OK and it's not so technical for him to start off with.


     
  6. thesilent

    thesilent Supreme Member

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    If you really need an office (I guess you are with your family and cannot accomodate your friend) and not sure whether it is worth it try renting a cheap apartment. More space less money.
     
  7. AffGuy08

    AffGuy08 BANNED BANNED

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    Yes I am with my family and it's hard to accomodate him here.
     
  8. djedje70

    djedje70 Regular Member

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    none of ur fr#$%ing biz dude!!!
    Well I have helped a lot of people in my life. I've gotten out of my way to help way too often. Problem is not to lend a hand and worry if it will get back (I don't know your friend, so don't assume I'm bashing him) but the truth is it rarely gets back to you.

    As of now, I adopt this attitude toward almost everyone who needs my help. I give them half of what they need and show them how to get the other half. If I see they are truly trying, I'll give the rest, otherwise I will not spoon feed them because in the end it will only take too much of my time and energy.

    Think about it. Even though you know you should kick yourself in the ass for not being able to discipline yourself at home, you are willing to gamble rent money hoping you'll become more responsible in an office... And who knows if your friend will be into IM long enough to make some $$$.

    In the end it's your choice and he's your friend. But you might be risking a tad too much to help him out.

    Nevertheless, I wish you good luck.
     
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  9. AffGuy08

    AffGuy08 BANNED BANNED

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    Very true man, I am going to give him the "half" first too, see how he takes it and whether he is willing to put a hard work in to make the full.

    I am still in discussion with him on this and I guess soon we'll see what happens.