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Why you shouldn't use any method you find on this site... Listen to my story.

Discussion in 'Making Money' started by Lucid, Feb 1, 2013.

  1. Lucid

    Lucid Newbie

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    Over the previous summer, as some of you may know, Diablo 3 was released. The way the items were generated within the game allowed for easy arbitrage on the auction house. Two items with the same name could have wildly different stats, with one being worth several magnitudes more than the other. But since the in game auction house search didn't really have a good way to search for items based on stats, there would often be high stats items up for significantly less than what they were worth, because people would just search for the item by name, and price theirs based on the lowest one. Follow me? I would purchase these items, and then sell these items for what they were worth. My average flip was 400% ROI, with some exceedingly rare items fetching 2000% ROI.

    Doing this manually, I was making upwards of 20,000,000 gold per day spending about 4 hours on it. At this point I decided to automate the process. I spent the next week creating a bot that would identify and purchase these high value items for me. I also decided to purchase 7 more Diablo 3 accounts, as there was an in-game limit of 20 auctions up at any one time. This limit made it difficult to flip my items effectively, and I'd often have excess items sitting around, losing value. I now had 160 auction slots to work with. I also purchased 100 million gold from chinese sources, to have some working capital.

    Using VMWare across 2 computers I had 5 instances of my bot running. The process was almost completely automated. All I had to do was log on once a day, price the items out, and sell them... About an hour or two worth of work. I also spent half an hour a day on improving my bot, implementing randomization patterns to appear human, error checking, various other things to make the operation smoother. At this point, I was pulling in well over 200 million gold per day.

    By this point I'm sure you're asking, "so what! you made a bunch of fake money in a video game!" Well here's what you're missing: Diablo 3 had an in-game real money auction house (RMAH) as well, which effectively and easily converts gold into real money. The going rate for gold (at the time) was between $4-5. Do the math. I was making over $800 a day from 2 hours worth of work. However, the game had serious inflation issues, with gold inflating 50% weekly. Certain high value items would mostly retain their USD value, so I ended up selling mostly those on the RMAH, and selling the rest of my items for gold to continue funding my operation.

    Of course, my earnings fell over time, but I was still earning a very impressive amount of money. That is, until the developers decided to ruin the gravy train some months later. They not only improved searching algorithms for the auction house, but also gave it an entirely new interface. This effectively broke my bot, and made it easier for players to properly price their items. I did not feel like recoding my bot to work with this new interface, and also the pool of people spending real money was beginning to dwindle, so I stopped all operations.

    And now to the point of the matter, you won't see this method mentioned anywhere online. Even now, you won't find it anywhere, even though it has been saturated for months and is no longer viable. There are still people making money off this method, but like many methods posted on here, it requires a huge time investment to make a decent amount of money. I would not recommend it.

    If a method is making someone money, it won't be posted! It's as simple as that. No one wants to ruin their method. Any method you see on here is most likely a speculative idea or worked at some point, but doesn't now. If it does not fall into one of these three, it will get saturated, if not for the simple fact that it's now out in the wild. Don't waste your time with these methods! They will get saturated FAST. I have recently started a website that basically runs itself using a script I developed. I spend 30 mins a day on linkbuilding. A week later I am already making $20 / day off it, and that number will continue to rise as the site is highly scalable. I expect $100 / day within the next month. Without going into specifics, for reasons already mentioned, what I am doing is not even remotely similar to anything that is posted on this site, or others, for that matter.

    I've tried my fair share of methods on here. I've copied some verbatim... I've twisted some... The result was always less than stellar. No one is going to spoon feed you on how to make money. There's a ton of useful information on here, but you shouldn't take the methods posted very seriously. Develop your own method, and keep it a secret. Your time is valuable, so spend it doing valuable things. ;)
     
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    Last edited: Feb 1, 2013
  2. Furious George

    Furious George Supreme Member Premium Member

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    I can agree with what you're saying, but your overall thesis "Why you shouldn't use any method you find on this site... " is just plain wrong.

    Most of the methods on here... people don't even attempt because they don't have the will to act.

    Telling someone not to try something is not really part of the attitude I've gathered from this community.
     
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  3. Lucid

    Lucid Newbie

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    I agree it is better to attempt a method on here, rather than sitting on your ass and doing nothing... But it's just not a very good use of time... I've found this site useful for discovering services, ad networks, and developing an overall mindset... But the methods posted here, for the most part, are saturated and not worth your time if you're serious about IM. I'm encouraging people to sit down and think up their own method. That's where the big bucks live.
     
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  4. janstastny

    janstastny Junior Member

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    not everyone always takes action! and out of the ones that might, they might be busy with other methods at the moment. not everyone has knowledge to make a script from scratch (I would love to learn that skill in the future tho) Its kind of like a food chain on here with methods the best ones are for the most in the know and then they get passed down and twisted up
     
  5. Arontus

    Arontus Registered Member

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    Theese methods on the site mostly of them are saturated, that's why! I repeat that's why you have to add your OWN TWIST to make it work again! Theese methods just show people the start, then you add a twist and you can make cash easily! Agree?
     
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  6. CEPI

    CEPI Power Member

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    Come on, we all know that nobody shares their BEST methods, who the f**k would be that stupid?!? "Hey Samsung, we are going to go ahead and email you our schematics, okay? - Love always, Steve Jobs"

    yyeeahhhh, didn't think so.
     
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  7. Lucid

    Lucid Newbie

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    You want to get the kill, not be part of the pack of vultures. ;)

    Too many people don't understand this, though.
     
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  8. CEPI

    CEPI Power Member

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    It's good to share base tools and methods, and let people creatively twist them. I have used many methods on here and tools and information to use "offline" in my business consulting. Just takes some creative thought. Even if people aren't sharing the best of the best, there is still a massive wealth of invaluable information here that a creative thinking person could make a mint using.
     
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  9. MaverickonRoids

    MaverickonRoids Power Member

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    The way I take the methods from BHW posts is that I for sure make them my own, not copy word for word. I tried that early on and it just didn't work, for whatever reason. So yeah, I think of BHW as a starting point, to get your mind juices flowing. And if you can't take it the rest of the way, BlackHat IMing might not be for you.
     
  10. timothywcrane

    timothywcrane Power Member

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    I would agree with you that most of the "method niches" are saturated on the forum. But I would like to add that by studying what people do in one area can become a viable playbook to integrate into other areas. There will always be room for the raping of social media, getting your websites up int the SERPs, utilizing affiliate programs for niche testing, bots, social hacking, and automation, as your method shows. Many people can read the playbooks before the game, but unless you have the tools, knowledge, energy, and general insight to spot true gold vs fools' you will get pounded on the scrimmage line at the blow of the whistle.
     
  11. LakeForest

    LakeForest Supreme Member

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    ...Most methods you're speaking of are get-rich-quick schemes. So, how can you be upset? What methods are saturated?

    People here seriously think that writing good articles and following certain rules is "giving in" to search engines.

    I want something to be clear: I don't use almost any method here, and I succeed. Every SINGLE business method you learned in school can be applied to IM/SEO, and if you really look at the methods (apart from the ones that are get-rich-quick schemes), they are all basic business ideas.

    There is no secret besides smart work and integrity. Unless you're a genius, but then you wouldn't be using methods, you'd be developing them
     
  12. Arontus

    Arontus Registered Member

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    That's what i am talking about, the methods posted here is just for our starting point, to understand how it worked and automatically in our heads we think of another method based on the old one ( not working one ).

    So, Lucid, you are absolutely wrong by telling us not to use the methods which are posted here.
    Furthermore, you just posted a method as well, which you used to make money using Diablo games auction, people in future might use your success to make money using your method.
     
  13. Lucid

    Lucid Newbie

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    Sure, it's a method, but like most methods on here, it doesn't work very well anymore. Video games in general are typically very difficult to profit off of... This was a brief period where was one game was very profitable. It is unlikely another opportunity such as this will come along any time soon. There was a perfect storm of circumstances that made what I did very profitable for a 3 month time frame.

    I encourage people to look for opportunities and seize them. They sometimes lie in the most unexpected places.
     
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  14. LakeForest

    LakeForest Supreme Member

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    Video Games are easy to make a profit from.

    You just need to work.

    OP, are you seeing how this thread is both ironic, by you sharing an old and widespread method you used that still works for almost every single game, and incorrect, due to the fact no method is saturated and people share what has made them money(do you not remember how this site almost single handedly ruined pinterest, and has made instagram change their policies)?

    Why did you really make this thread? What is frustrating you?
     
  15. Lucid

    Lucid Newbie

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    Sharing a working method leads to saturation, as shown by your pinterest and instagram examples.

    Saturated methods are not worth your time.

    Hence, most methods on here aren't worth your time.
     
  16. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    ^^ this.

    Everyone of us has different experiences and those experiences shape the way we think. When you read a method that may be outdated, saturated or whatnot, you don't read it in order to copy/paste it in execution. You read it to see if you can apply its ideas in the areas your own experience gives you the edge. That 's the value of the methods here in my view.
     
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  17. the_demon

    the_demon Jr. Executive VIP

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    ... because you found a good method does not invalidate all the quality methods on this site. Plenty of people are making money off the methods shared here.

    Also, given your limited post count and the fact that you're not a Jr.VIP or Exec. VIP how can you possibly expect to know many of the good methods not shared in the public areas.

    ... I think this thread is basically a brag thread. Congrats on your success, but don't knock other peoples good working methods just because you failed to get them to work. Also, you aren't accounting for many of the top methods shared in other sections of the site that you don't even have access too.
     
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  18. LakeForest

    LakeForest Supreme Member

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    I really want to know:

    Why is it not obvious that it's not wise to take someone's idea verbatim? When in your life was copy-pasting someone's idea not plagiarism, but was taught as a virtue?

    Why are more people not willing to do their own thing and try something new, or at least just go about making their own mistakes?

    A lot of this I attribute to a necessity to succeed NOW any way possible. If that's the case, you need to get to work, or apply for a job(which is the most saturated method on the planet).
     
  19. antichrist

    antichrist Jr. VIP Jr. VIP

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    My main money site making me decent money was an idea that I stole. I said to myself, "wow, what a great idea, I bet I can do it better than that person." Guess what? I made a site, and did it better than the other person. Time, patience, and a little faith in yourself is all that is needed.
     
  20. apexbeat

    apexbeat Junior Member

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    Using your logic instagram and pinterest wouldnt be saturated if they werent profitable.

    Maybe you should restructure your statement by simply saying -
    there is a lag time before a method gets saturated. You just have to catch a wave.

    In the cases of instagram and pinterest the wave was shared on this forum. Which kinda invalidates your argument

    All this is saying to me is - dont go for old methods, or add a twist.
     
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