AMA self made millionaire before 30, and a guy whos company will gross $10 mil 2017

[ShayZ]

Great thread.

For the OP: how did/do you differentiate yourself from other competitors (amazon etc.)? Or are your products very niche?

Congrats on your continued success.

Quality stuff really. Great customer service, and a clean website.
We dont sell on Amazon or ebay anymore. But we would kill on Amazon because of how I targetted my products and put them up. Problem is there is too much fraud on Amazon. People would return a rock back to us after the sale and Amazon would force us to refund them

[Hadtodoit]

The max 401k overall contribution is $54k. If your employer's 401k plan allows it, then you can contribute that extra $36k (above the $18k) in after-tax contributions and convert it to Roth in-plan. It doesn't impact your $5500 personal IRA contribution.

Edit: or SEP IRA apparently (set up by a business owner) ^^

Interrrrresting. By the way, just installed forum buddy, it's nice.

So it is a Roth IRA but stays inside the 401k if I got that right?

Is this a really smart thing to do? I max out 401k and Roth already today

PS, I'm an employee not a business owner but don't think that matters

[Rugger7]

I dropped my iPhone 6 Plus one day, it immediately cut off. I tried turning it on but it wouldn't power back on, I plug it in and it just continuously power cycles (Blank -> apple logo -> blank -> apple logo).

I tried everything on the internet like hitting power and holding volume up, etc.

I took it to Apple Store to see if they could system restore it but they couldn't

What part do I need?

How hard is it to fix?

[ognami]

this

whats the lowest volume keywords you target? and what keyword difficulty?

would love for you to elaborate on the SEO parts a bit more - traffic is my jam

Hey brah, are you working in digital marketing job? how did you get it?

I got interested in ppc/seo when i started my ecommerce business and thought it would be a cool career but I don't really have any qualification aside from the fb/insta ads and seo I did on my page.

You reckon there's any way I could land a full time job in the industry with only an accounting degree

[ShayZ]

I dropped my iPhone 6 Plus one day, it immediately cut off. I tried turning it on but it wouldn't power back on, I plug it in and it just continuously power cycles (Blank -> apple logo -> blank -> apple logo).

I tried everything on the internet like hitting power and holding volume up, etc.

I took it to Apple Store to see if they could system restore it but they couldn't

What part do I need?

How hard is it to fix?

sounds like IC damage. Contact Mendonipadrehab
Its going to need board level work

[theACEofSPADES]

Damn, congrats on all the success.

How old were you when you started this business? You did you learn how to run a business?

[RobParks2M]

Back to ask another question.

I've got a great job, I won't be leaving until I retire, and even then I'd probably work part time to keep myself active. That said, I have always wanted to be involved in owning a small business. I feel like I am on the opposite side from a lot of other people because I don't have a whole bunch of time or an idea on where to start. What I do have however is a strong understanding of financials and a fair amount of money I could invest.

The question: Assuming I wanted to go 50/50 with someone in a business where I provide quite a bit of funding, deal with the taxes/accounting, but only perhaps 25% of the typical business "load" where would I look to find someone such as yourself?
Is there somewhere you frequent where you talk with others who are doing similar things?

These days it is hard to trust other people's work ethic or how willing they are to miss out on a few hours of sleep to get some schit done. I'd want someone to be fairly dedicated if I was going to drop 100k+ into an endeavour.

[RushEm]

do you think there is still money to be made by flipping off alibaba to ebay/amazon?

"follow your passion" or "follow the money" ?

what age did you start at?

what advice would you give yourself when you first started?

[MyAvatar]

Hi OP,
Been watching you for sometime. I started a side hustle in writing through the misc 6 years ago. It's been a great run, and I'm at the point where I want to grow. I'm not profiting anywhere nearly as much as you, but my business model seems like it can be even more profitable if i can figure out how to expand my reach.

Right now I am 100% referral based. More than 95 percent of my customers each year are retained clients. I've figured out a niche of people that tend to use me the most, but all of those customers were because I tapped into a couple social networks. I want to figure out how to keep doing this at scale. Do you have any recommendations ?

Refer to sig for side hustle

[cphunter70]

how much are your business expenses compared to your sales meaning net income

[Bigbuster1]

How do you compete with Chinese companies that sell probably the same parts as you directly in amazon etc.

Have your ever seen your supplier selling directly ?

[ggMoe]

Congratz bro. I have to say though, 60 hours a week seems really much. Don't you think you should dedicate a good amount of free time to actually enjoy the money? Hope you will retire early and leave this company behind you

We all gun make it!

[xflydie]

op if you read this, I am grateful for the eBay threads years back. I rarely go on the misc anymore so funny to see you post here today.

I was lucky to find it right after high school graduation and decided to pursue entrepreneurship (ecom was a good direction to get into ) instead of the traditional route.

Now I am supporting my parents and life is 10/10

Thanks brah

[lolwhatthefuk]

have your health issues improved?

[ChefHarden]

No questions, just posting to say good job buddy. You got off your ass, took a chance in on something, put in work and it payed off. I love hearing these kind of self made stories.

[DrFeeIGood]

Hey brah, great to hear of your continued success!

Can you recommend me a solid website designer/developer? Who are you using on upwork? I know there are a ton but I need to build a site for my biz in the $500-3k range and looking for someone who can vouch for a developer.

Thx brah, keep up the good work!

[AppleWatch]

Gj op. Reading stuff like this on the misc is what has really inspired me to be an entrepreneur.

I've launched/been working on my own website for about 2.5 weeks now and just got my first sale which was close to $80 profit, feels good mane

We're all gonna make it

[Mr.PissShivers]

Congrats OP. I'm the most financially retarded person on this forum.

[RocknRollMuscle]

Hey brah, great to hear of your continued success!

Can you recommend me a solid website designer/developer? Who are you using on upwork? I know there are a ton but I need to build a site for my biz in the $500-3k range and looking for someone who can vouch for a developer.

Thx brah, keep up the good work!

website or webapp. u can pm me. I do this all day and can give you some tips.

as for biz: i want to one day get into 'rapid technology training' for companies. So many companies have big budgets for training and so much tech is now complex and needs hours of online trainign. Something users have to do on their own. Rapid 2 hour training is great for employees to get up to speed on certain stuff. I can probaby make a killing with quick short training classes everywhere. Probably in a few years, gotta get ready first.

[TinyDancerX]

What's your end goal? Planning on retiring in X amount of years, knowing you can live off a steady income stream or what you've already made?

[AkaKuro]

Really awesome ShayZ, hope your health continues on strong like your business
Always a pleasure to see successful miscers

[ineed$]

hell yea man, thats what i love to hear. You kick ass bro!



Yep, health is stable. Lifes going. I get sick easy, but nothing that really brings me down right now

So gross margins around 33%. But after returns and everything is paid we net around 13%. However, I think we can boost that to 15% this year with some minor changes

damn how much returns are u doing and why? Work on this to increase profit margin.

Also brah, u say my thread about getting mugged and beat for my phone, can u send me am iphone 7plus cover pls? Sure it cost u a few dollars.

thx

[Boerdeur]

havent read whole thread yet but which age did you make ur first milly?

[RJBRAH]

In on GMiscer thread

edit: wait wut?

[somelowercase]

did you start your business by bulk purchasing, dropshipping, or a mix of both?

and best wishes with your health brah. i strongly believe in mind over matter so continue with the positivity.

[Bentley41]

what would you tell someone with an entrepreneur mentality but doesn't know which niche to get involved in? Or someone who has a strong passion for a market that is super saturated (fitness) and wants to monetize it? Did you have a passion for what you did or just have a passion for making money? Do you base your success solely on how much money you make or how many people you help?
I need to start something before i enroll in a university, so i have a good excuse not to waste all the money and time on an education that is not going to get me where i want to be.

[Jadedfadedisbae]

How much money did you initially need to start your business? Asking to see if someone in my position could do this.

edit: Oh **** its ShayZ, misc lyfe brah!!

[lolwhatthefuk]

havent read whole thread yet but which age did you make ur first milly?

he said 17 in a different thread. related to taking over some Animae Internet portal I think. ended up losing it all at 19 from spending

[BigAlBrah]

Mirin hard dont know if its been asked yet what age do u plan on retiring?
Have ppl treated u differently because of your success?

[300BLK]

How hard was it to get started?

How much did it cost to get started?

Do you have any life or business mottos? Advice?

What's the hardest part about running a business?