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Would you do it?

Discussion in 'BlackHat Lounge' started by xmastex, May 27, 2011.

  1. xmastex

    xmastex Registered Member

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    hey bhw, time to share my story.
    My university exams are over, and i have a (almost) free summer, where i'm planning to finally start doing something in the internet marketing world.

    I've contacted two accountants for an information about the adventure i've planned to start (classified under "internet marketing services", but i'd like to start in the website flipping business, articles flipping etc) and the fixed monthly expenses, which include the accountant's fee and the social security (pension) agency's fee. The grand total is: $500 each and every month (converted in dollars).
    Bear in mind that this number is a fixed cost, and it's inevitable. Meaning that if i don't do anything for that month, i still need to pay $500.

    Plus, you need to add a 10% tax on the profits (returns minus expenses) and another 3.9% tax for the region where i live.

    So, would you do it? Do you think is gonna be worthy?
    I think i need a rock solid money making method. I just don't need to do some spare things, i need to invest a lot of efforts.
    Just to give you an example, if i make 1000$ a month, i'll need to pay $500 in anyway, and supposing that i've had a $200 cost, i'll need to pay another $30 (returns:500 - expenses:200= 300*10%=30) and another $11 (300*3.9%=11). That leaves me with a $259 pure profit in my bank account. But i earned $1000. Dam it!

    Does this sound crazy? Well, welcome to Italy.
     
  2. catchme

    catchme Regular Member

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    I would start with something that will help me build capital and doesn't need to be declared and than will open business.
     
  3. xmastex

    xmastex Registered Member

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    Yeah, but only a real job without any kind of contract would let me do this. Mmm...i guess i need to reschedule everything for this autumn/winter
     
  4. littleg2008

    littleg2008 Senior Member

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    $500 every month is alot of outgoing especially as you have not brought in any revenue as yet.

    Start out on your own, no business and do it on a small scale at as little cost as possible. Your over heards shouldnt be and dont need to be any more than $30 per month to do this.

    After you get success and can be assured you are going to be able to make $500 per month then go ahead and form a business and do all the rest you need to do
     
  5. adbot

    adbot Power Member

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    It really depends on you. I know that if I want to do something I dont worry about the cost. I decide to do it and I find a way to make it work. You also have to be willing to take risks in order to see rewards sometimes. Use the expense as a motivation to work your ass off to ensure you turn a profit. Or just play it safe and don't do anything.