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What do you think about sharing how we make money ?

Discussion in 'Making Money' started by xpsycho11x, Nov 11, 2014.

  1. xpsycho11x

    xpsycho11x Newbie

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    Not share your exact method but only in general.

    I make money by selling handmade keyring and an novel ebook .
     
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  2. Krypt

    Krypt Regular Member

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    No one is going to reveal you how they make money... good luck
     
  3. havingadabble

    havingadabble Regular Member

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    Simple - I just use this:

    [​IMG]

    It works every time!
     
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  4. Hawkster

    Hawkster Jr. VIP Jr. VIP

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    Interesting, what kind of keyrings do you sell. Got any pictures?

    I used to sell hand drawn/painted canvases on ebay but i stopped after it became pointless, ebay/paypal fees made it difficult to sell them at a competitive price and still make a worthy profit

     
  5. SnoopyDrew

    SnoopyDrew Senior Member

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    If I told you I would have to kill you.
     
  6. xpsycho11x

    xpsycho11x Newbie

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    I wanted to know only what you do to make money, and NOT what are your strategies to sell your products.

    bhw doesn't let me share link
     
  7. I-marketer

    I-marketer Regular Member

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    I have no secrets, really.

    paypal%u002525252Bmoney%u002525252Bhack%u002525252Bgenerator%u002525252Bpp%u002525252Bfree%u0025.png
     
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  8. wengthemeng

    wengthemeng Regular Member

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    I work at mcdonalds.
     
  9. GreyWolf

    GreyWolf Executive VIP Jr. VIP

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    It's a lot easier to share you're product if it's a physical product. Especially something handmade. Most people don't want to mess with making physical products. I sell things I make as well, but since it's a digital product it would be a lot easier for someone to take the idea and do the same. I already have enough competition from actual artists, don't need to flood the niche with MMF seekers. lol

    Handmade keyrings are cool, you could probably expand that into bracelets and necklaces pretty easily and increase your product line.

    The thing is about discussing the items you actually sell is you're exposing your niche, which means you're creating competition. so it's usually better to do the opposite of what your thinking. You can share the exact method on how you're getting traffic and things you're doing to sell your items without risking a lot. But if you share the actual products you are selling then it can hurt your business.

    So you could easily share how you set up an etsy store, how you drive traffic to your etsy pages, and how you word your descriptions and sales pitches to get more conversions. People will read that and then think of all kinds of things they could make and sell on etsy, but only a few will land on the same keychain idea as you did. So sharing the method is pretty safe and can help fellow marketers out.

    But once you say hey I'm making money by selling keychains then a whole lot of people start searching for keychains, seeing what ones seem to sell the best, where most of them are selling, and a lot of the time can even reverse engineer what the top sellers are doing. Next thing you know the handmade keychain market is flooded, most of them are crap but it's become much harder for the real artists to get there work seen and soon you aren't selling much online anymore.

    So in general it's ok to share your methods, you can even be fairly specific about it, that's the whole point of BHW and sharing is definitely encouraged. But most people want to avoid sharing the exact products they're selling so as to not saturate their niche.
     
  10. SharkServers

    SharkServers Regular Member

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    You're using the old version. Upgrade and you will be able to generate even more money. Even better - in the newest version you don't click the "Generate" button. Papal monkeys do :)

     
  11. mancar487

    mancar487 Jr. VIP Jr. VIP Premium Member

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    Clickbank - I started out as an affiliate, then became a vendor, and now I have my own team and JVs with other big players on clickbank which has allowed me to scale up enormously.

    I did adsense and amazon affiliates before but incomes weren't great. Also did CJ and clicksure but found them to be inferior to clickbank in terms of revenue potential.

    Offline I do money through real estate as that is where most of my online income goes to. I hardly keep anything in the banks...that's sleeping money IMO.