When will it be my turn? - 7th time trying now.

Discussion in 'Making Money' started by nejxis, Dec 8, 2017.

  1. nejxis

    nejxis Junior Member

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    Hi all, I post every now and then on here, but I lurk and read a lot of posts here as well as on reddit on financial Independence and retiring early etc.

    on My 22nd Birthday which was on August 2016, I made an aim to have a net worth of 1 Million euros by the time I have my 27th Birthday in august 2021.

    1 Million euros net worth is a huge amount for my country as the average wage is 15K / year. and minimum wage is 9K euro / year.

    However living costs are very high and a 3 bedroom apartment property costs like 150-200K

    What I tried up until now:

    1) I tried an Instagram Journey - tried to get 500K followers between 5 accounts in 1 year and monetize to earn at least 800 euro monthly. got 180K followers in 1 year, and when I tried to monetize, I lost all kinds of engagement and now became dead content.

    2) tried Youtube for a year, uploading 2 videos per day for a whole year straight, no days off. I made 140$ from it in total, and now got banned.

    3) I tried a recruitment website which offers a cheaper and better service than the few available for my country. Couldn't get companies to switch websites, even when I made it completely free to try and gain some momentum.

    4) Tried becoming a poker professional as I am quite good at it, and especially good in mental math problems and probabilities. I was getting a good 35% In the Money, but would drop below 1% final tables, which ended up still losing like 5k euros in couple weeks of playing 16 hrs a day.

    5) I tried a recipe website, in which my aim was to split revenue with users who posted recipes. Users would get points per recipe etc and every month they get a certain amount of money based on views and engagement like Youtube but for recipes. - didn't get 1 signup :/

    6) Last May we had snap elections due to corruption etc and in my country 95% of the population talks about politics and football. so I figured if i make tshirts with sarcasm about politics would generate some sales. I went on facebook, and advertised with around 500€. I was getting comments and people tagging each other and liking etc. Thousands of people saw the adverts. Not 1 SINGLE F*****G SALE!


    Now I still live with my parents and basically everyone is telling me I am crazy for not quitting and go get a job, but to me, I'd rather die than work for someone else with a miserable wage, with a job that gives me no satisfaction and wasting 8hrs of work and 2 of transportation every day. f**k that!

    I was thinking about couple more ideas to try locally without a lot of startup money as only like €4K left.

    1) Drop shipping subscription boxes by using cratejoy and sending them as a gift at a higher price, because there is just 1 local subscription box company?
    2) Invest like 1k eur in a Cryptocurrencies portfolio - just hoping on luck here though.



    I would like to ask if you guys think this just being unlucky AF or am I doing something wrong? Are my ideas sh!t? Should I listen to everyone that is saying I am crazy for not quitting after 6 failures?
     
  2. MidMagician

    MidMagician Jr. VIP Jr. VIP

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    Everything is a failure until you succeed, but every failure is one more thing to cross off that doesn't work. 90 percent of the effort is trial and error, the other 10 percent is correcting where you went astray. Why did your YouTube channel get banned if you were uploading slowly?
     
  3. nejxis

    nejxis Junior Member

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    In some of my videos I was using clips of local tv series and movies and one day someone decided to report those vids and got me 3 strikes instantly. And I decided not to pursue legal action against the reporter even though I knew it was publishing company identity fraud & impersonation, and not the real publishing company.
     
  4. elbumba

    elbumba Newbie

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    Hey man. I feel your struggle. At one point I was in your shoes.

    Since I don’t know how you implemented each exact attempt it’s tough to say where you went wrong. But one thing I can see from this is that you aren’t very focused and seem to be jumping around from idea to idea very often.

    When you first start Internet Marketing it is wise to pick something others are making money with and continue trying it until you start to make money.

    You need to start looking at things from a more analytical and data driven viewpoint. So split tests with everything.

    Your recipe blog for instance... what type of content you were promoting. Try different content. Try different advertising avenues etc.
     
  5. BotMastah

    BotMastah BANNED BANNED

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    A lot of your things seem to have been spammy/scammy, lame, and lazy (poker player, really? Grow up!). How about trying to offer value and fill an actual need, as opposed to trying to "get rich quick"? Your whole mindset needs a change, you are trying too hard to achieve a dream goal, how about coming back down to earth? Start by working a regular part-time job and get some mental/emotional discipline, you sorely need it.

    Sorry if you are offended by this, but if you want to succeed, you need to hear this. You'll thank me for the advice when you get older...
     
  6. zzARzz

    zzARzz Junior Member

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    Well, I think the first error you probably did is that you may have understimated the work that is needed to get decwnt money on the web. My first 5 years I spent almost 2.1k$ being 10 to 15 years old trying method to get "fast money", I then realized it doesn't work like this. If in your country working 10 hours a day will get you 100k$/ 5 years why did you think it'd be possible to get 1 million in that time without having a state job. Well it is actually possible, but hard though. But it seems that you have jumped to the IM without much experience, I was like that. Take time, give it time, try learn don't just see threads of people claiming to have made 150,506$ in 1 month with their methods.

    Maybe try learning to program in different ways to earn money by freelance or just create a bot that you'll sell here? I don't know what's the best for you but I know that there's tons of ways to make momey in internet. Take an old method that used to work a lot in the past but don't now for certain reasons and tweak it with a smart way. You only win or learn, there's no lost. But sometimes learning can have a greater cost that'sit.
     
  7. Panther28

    Panther28 Jr. VIP Jr. VIP

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    The reality is just because you set it as a goal, doesn't mean you'll achieve it.
     
  8. MidMagician

    MidMagician Jr. VIP Jr. VIP

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    I definitely agree with a few of the others about lack of focus. That is not the same thing as no drive. Think about 1 aspect of each avenue you took that you were good at and then use those tools starting on an extremely small project. The smaller the project, the quicker you finish, and it becomes easier to take on bigger tasks, thus improving your success.
     
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  9. nejxis

    nejxis Junior Member

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    hey, thx for the reply. Umm, I was giving each idea about 500-1000 euro worth of advertising for about 2 - 4 weeks. I thought to myself that if no sales / free signups or anything was happening to that idea, than I should just forget about it, not keep investing in it.

    It was not a blog, it was a place for people to post the recipes themselves, in exchange for points (based on views & engagement) and each month they would get paid.

    It's all cool, thanks for your reply, I rarely get offended lol. As for the mental/emotional discipline I don't agree with you, as I spend like 12 hours a day working on these projects, and if i were not emotionally disciplined I would have lost much more money in poker than just the bankroll i chose to play with, for instance.
    As for the ideas, you can call them lame, but scammy? how was I scammy, when i was offering a better service & cheaper price than the current local competitors?

    As for the job, you mean, start as a part time job and slowly move to full time job or invest the money from the part time to an entrepreneurship idea?

    The point of giving myself a goal and a deadline is to make myself work harder than ever as well as any goal without a deadline is just a wish. I never thought making 1 million euros in 5 years to be easy. But I thought I would be able to make at least a living from Internet Businesses after 6 tries - or 5 if you don't count poker.


    True, but I have 0 regrets up until now, even though I had 0 success either.

    Each of these projects were finished, launched and I was advertising 500-1000 euro in like 2-4 weeks to test the waters basically. But all the waters were boiling and I got burnt all the time lol.
     
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  10. MidMagician

    MidMagician Jr. VIP Jr. VIP

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    Jumping from method to method is unwise because it spreads you too thin and forces you to think about too many different problems. Each method will have its problems, but few methods will have identical problems. You have to keep working at the same thing and expect no results for a period of time. I forgot who said it, I think it was Simon Sinek (I could be wrong) but success is like going to the gym. If you work out once and come home, you look no different. If you work out two days in a row and come home, you look no different. But over time you get in shape, and success is reached, just like with earning money. The point of his example is that consistency and dedication are more important than your innovative ideas.
     
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  11. nejxis

    nejxis Junior Member

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    I have been working on another idea, for the past 4 months or so, as those 6 up there were stopped / finished, already. Will use this advice on this idea upon launch and stick for longer periods / until the remaining 4k eur is lost completely i Think. Hopefully my January launch will be good and my next thread on here will be a journey of lots of learning milestones for the success haha.
     
  12. MidMagician

    MidMagician Jr. VIP Jr. VIP

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    The only other thing I would say is measure your success initially based on what you learn each day about your avenue of earning. For example, if you were starting a Wordpress site to generate income, while trying to attain your goal of financial freedom, try and learn the capabilities of a new plugin every day. The point of this is that even if you do not become fruitful from riches, you will have still earned experience and knowledge to help you in the future, thus making the endeavor not a waste of time. Best of luck to you!
     
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  13. redarrow

    redarrow Elite Member

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    why not try dropshipping it like gurenteed money.
     
  14. BotMastah

    BotMastah BANNED BANNED

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    Don't get me wrong, the emotional maturity I mean has to do with picking things, not your dedication to what you pick. Perhaps you are indeed dedicated, but you can spend as much time at failing as you can at succeeding. A lot of that has to do with the path you chose. Most of the things on your list just seem immature. Like no adult in their right mature mind would consider poker a valid source of income.

    As for scammy, I meant instagram and youtube, unless you are actually creating useful content, you aren't adding anything of value. Just setting up such accounts to sell CPA or affiliate crap is useless if you are just stealing/re-uploading content, or making inane pointless videos for speed, relying on numbers as opposed to quality.

    As for part time job, I meant mostly for the investment capital, the experience in the harsh real world, and the discipline and wisdom of expanding your skill set and horizons while building character and humility. This way your ideas for business are more down-to-earth.

    I hope that helps clear things up! And do think hard about the direction, you will be happy that you did!
     
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  15. creative hand

    creative hand Newbie

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    problems are part of our life so dont panic !
    try not to use videos which can get you banned ..
    work hard and you surely will success :)
     
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  16. beards

    beards Newbie

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    Here is a suggestion. Instead of creating something, and throwing some ad money on it , try creating something of value.
    Pick a sector or an industry you like. And go talk to customers of that industry. Ask them what the biggest issue is in their job/market/sector. Don't offer solutions, just listen and ask more questions.
    Ask people about their number one issue until the same issue comes up twice. Don't try and provoke the answer just same dumb question " what's the key issue in your industry/job?"
    Then follow up with why? What do they thinking can be done? Still keep your mathematical mind to yourself and just listen.

    Once an answer comes up twice, you might be onto something. Let's say a couple of restaurant owner says the real bitch is getting a good price on wine. You've followed up with why, what can be done about it, why hasnt it been done.
    If people are reticent to speak to you say you're a business school student and you have a market research project to do. If you look under 30 it will work nearly everytime. If somebody says they don't have time to talk ask them when they will, if they say never say thank-you anyway and move on. Don't be rude.

    Now you know that 2 restaurant owners have trouble buying wine. You talk to 20 more restaurant owners and you say "hi I wanted to talk to you about how you purchase wine for my market research class." You don't say it's a problem for many people but you ask them if they buy a lot in one go, how they store it and so on and so forth.
    You take notes of every conversation, this isn't weird if it's for a market research class.

    Now say after this you find out buying wine is a bitch because to get discounts you need to buy bulk but there is no place to store it.

    You contact these same managers again and say "hey my market research class got me thinking there might be a business opportunity which would be win win for both of us, I talked to a load of restaurants who have the same problem and 12 are already onboard. I will arrange ordering in bulk if you go through me you'll get a better price without having to stock a shit load of wine. Wanna give it a shot it might take a few weeks to set up so just keep doing what you re doing for now". Of they're down for it, get some details about pricing so you know what you're working with.

    Then you call wine producers and you say "hi I'm repping x restaurants I'd like to buy some of your wine"

    That's how you start a business.
     
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