The easiest path for anyone in PSL for moneymaking is starting an ecommerce.

nickmd

nickmd

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I'm 26 years old, started an ecommerce last year, $1.5m Rev, currently have 15 employees and one physical store. Higher than average IQ, very computer proficient, ND.

The fact you know how to navigate forums, and that you go after bettering yourselves, showcases the following attributes:

1) Computer savvy: A task that takes normies take 3 hours to get done, that is if they are even able to get it done, you can do in 30 minutes or less. Immediatelly you have a high-demand skill in the marketplace, which companies would hire for. We're here for moneymaxxing, not for gettingexploredmaxxing, so we don't work for third parties. You will leverage these skills in your favor, not in an employer's favor.
2) Resourceful: Nowadays, almost every bit of information is available online, and in tech-related spaces, 100% of it is. There's no paywall, there's forums, and there's twitter. Everything you need to know to get an Ecomm going, you can find online, especially suppliers.
3) High IQ: People here are definitely higher IQ than normies. This is an all-around stat boost which helps in any moneymaking venture.
4) Higher perception of human behavior: If you're here, you've pinpointed where your issue is, that shows an incredible perception of human behavior.

Ecommerce is just the perfect area which has low barriers of entry, and these three basic skills get you farther than 99% of people. Assuming you can, generally speaking, use a computer (Finding resources, setting up systems) 3x faster than other people, it's like you're working 24 hours by putting in an 8 hour day of work.

For reference, companies usually take months to set up their ecommerce. Regular people typically take weeks. I did mine in 2 days, and that's mostly because of bureaucratic waiting.

Starting capital: $500

The step-by-step is this simple:
  1. Find someone selling a product you can market (HARD)
  2. Set up the website (Easy)
  3. Figure out different marketing angles for the product (Easy)
  4. Learn how to use Meta/Google ads in a basic level- the youtube information is correct. Even though it looks complicated, it is extremely simple (Easy)
  5. Fulfill (Easy)

No dropshipping bullshit, because that makes it so the chinese keep all your profit margin. Use your high-iq + tech savvyness + general perception to get the business going. If you're not completely brain dead, in a month you have enough volume to hire a wagie to make your boxes and ship it out.

Godspeed
 
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is this not just reselling?
 
is this not just reselling?
No. This is you owning the website, choosing what you want to sell based off of the suppliers you can find, putting a brand on it, and presenting it in a way where you can buy something from your supplier for $7, and sell it to an end customer for $70.

Same product.

The way you contextualize it: Clean easy-to-use website, good ads, good product media; makes it so that you generate money out of thin air. Ideally, you find a product that can't have a logo on it, so you don't even have the hassle of guiding the supplier, and your brand is literally one website.
 
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Find someone selling a product you can market (HARD)

Yeah I have been failing at this for the past decade. Everything is saturated and incumbent competitors will just undercut you until you give up if it’s not.
 
Yeah I have been failing at this for the past decade. Everything is saturated and incumbent competitors will just undercut you until you give up if it’s not.
Gotta be an iqlet bro theres no way u can spend 10 years doing anything and not see results
 
Gotta be an iqlet bro theres no way u can spend 10 years doing anything and not see results
Definitely low iq

Yeah I have been failing at this for the past decade. Everything is saturated and incumbent competitors will just undercut you until you give up if it’s not.
Maybe you're meant for another industry. I started 12 months ago and am currently flying. Brand featured in Vogue, Bazaar, Marie Claire. Not that hard. Gotta hire good people to fill your gaps:

Product: Tendency analyst
Buying: Look for agents
Website Setup: Anyone with wifi, easiest part for computercels
Marketing: High IQ & High perception people
Analog Marketing: Well connected people
Delivery/Logistics: Anyone can do & manage this

One thing that makes it much easier is having suppliers physically close to you & willing to be flexible as you gain scale. Unfortunately USA's political movements have been to add barriers of entry by eliminating in-country manufacturing or OSHA/G7 Deals making manufacture prohibitively expensive.
 
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Definitely low iq

If I can get straight A’s in an engineering masters it’s not an IQ issue.
Something else. Either with me or its survivor bias with you.
Perhaps I’m just extremely risk averse due to growing up in poverty. Perhaps I’m just so defeated by being incel that I don’t have the energy to really try.
 
If I can get straight A’s in an engineering masters it’s not an IQ issue.
Something else. Either with me or its survivor bias with you.
Perhaps I’m just extremely risk averse due to growing up in poverty. Perhaps I’m just so defeated by being incel that I don’t have the energy to really try.
The risk is the issue. Cannot be risk averse if you want to make money, unless you want to make money as an employee.

Could be argued you noticed the risk averseness was the issue, since you mentioned it yourself, but it's more of a paralysis because of fear.

Money is the easiest part of life buddy. Do A, get B --> Arbitrage your time by hiring a person to do A and you get B, then do C to get D. Rinse & Repeat infinite times. If you don't know how to do C, hire for it. From 0 to 1 you have to have an elevated IQ and perseverance.
 
The risk is the issue. Cannot be risk averse if you want to make money, unless you want to make money as an employee.

Could be argued you noticed the risk averseness was the issue, since you mentioned it yourself, but it's more of a paralysis because of fear.

Money is the easiest part of life buddy. Do A, get B --> Arbitrage your time by hiring a person to do A and you get B, then do C to get D. Rinse & Repeat infinite times. If you don't know how to do C, hire for it. From 0 to 1 you have to have an elevated IQ and perseverance.

Doing A to get B requires me to be an employee of a multi billion dollar company with multi billion dollar clients with multi million dollar projects currently, there is just no way to steal the work and break out, it’s locked down behind insane startup capital requirements and framework agreements.

So if I can’t even get the value from doing A to get B, much less outsource the tasks (which realistically would not be worthwhile because if I could just get the same value I provide, I’d be making 1000% my salary and that would be more than enough) - what should I be doing? Quit this burnout job so I can focus on finding opportunities?
 
what type of underground markets are you visiting to find cheap ass products
 
Doing A to get B requires me to be an employee of a multi billion dollar company with multi billion dollar clients with multi million dollar projects currently, there is just no way to steal the work and break out, it’s locked down behind insane startup capital requirements and framework agreements.

So if I can’t even get the value from doing A to get B, much less outsource the tasks (which realistically would not be worthwhile because if I could just get the same value I provide, I’d be making 1000% my salary and that would be more than enough) - what should I be doing? Quit this burnout job so I can focus on finding opportunities?
Low iq
 
what type of underground markets are you visiting to find cheap ass products
Fashion is the best possible niche because in fashion the value add is completely assymetrical. A $1 addition to a regular t shirt like a stamp, a different button, etc can increase the value for the consumer by $50.

Other than that, you get sleazy dropshippers, which is a very low return path as the scale possible is minimal over a long period, plus you don’t have any equity for a future exit.
 
Survivor bias
Cope. It is extremely easy. There is a set of actions that gets you to 1m/mo you just don’t know them, and instead of looking for this set of actions, you’re in a state of cope.

Ldar
 
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I'm 26 years old, started an ecommerce last year, $1.5m Rev, currently have 15 employees and one physical store. Higher than average IQ, very computer proficient, ND.

The fact you know how to navigate forums, and that you go after bettering yourselves, showcases the following attributes:

1) Computer savvy: A task that takes normies take 3 hours to get done, that is if they are even able to get it done, you can do in 30 minutes or less. Immediatelly you have a high-demand skill in the marketplace, which companies would hire for. We're here for moneymaxxing, not for gettingexploredmaxxing, so we don't work for third parties. You will leverage these skills in your favor, not in an employer's favor.
2) Resourceful: Nowadays, almost every bit of information is available online, and in tech-related spaces, 100% of it is. There's no paywall, there's forums, and there's twitter. Everything you need to know to get an Ecomm going, you can find online, especially suppliers.
3) High IQ: People here are definitely higher IQ than normies. This is an all-around stat boost which helps in any moneymaking venture.
4) Higher perception of human behavior: If you're here, you've pinpointed where your issue is, that shows an incredible perception of human behavior.

Ecommerce is just the perfect area which has low barriers of entry, and these three basic skills get you farther than 99% of people. Assuming you can, generally speaking, use a computer (Finding resources, setting up systems) 3x faster than other people, it's like you're working 24 hours by putting in an 8 hour day of work.

For reference, companies usually take months to set up their ecommerce. Regular people typically take weeks. I did mine in 2 days, and that's mostly because of bureaucratic waiting.

Starting capital: $500

The step-by-step is this simple:
  1. Find someone selling a product you can market (HARD)
  2. Set up the website (Easy)
  3. Figure out different marketing angles for the product (Easy)
  4. Learn how to use Meta/Google ads in a basic level- the youtube information is correct. Even though it looks complicated, it is extremely simple (Easy)
  5. Fulfill (Easy)

No dropshipping bullshit, because that makes it so the chinese keep all your profit margin. Use your high-iq + tech savvyness + general perception to get the business going. If you're not completely brain dead, in a month you have enough volume to hire a wagie to make your boxes and ship it out.

Godspeed
how is this not dropshipping tho ur not creating a product
 
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how is this not dropshipping tho ur not creating a product
You create the environment that drives the sale. Dropshipping you don’t hold the stock, I have no issues with dropshipping except the fact that an item which you would buy wholesale for $10 to sell for $100, the dropshippers charge $25, which is your whole profit margin. Although you don’t have the logistical fixes costs, or hidden costs of unsold inventory, not worth it.

Also, pharmaceutical companies don’t necessarily develop their products, they just commercialize a product which already exists via differentiated conditions (Delivery time, price, discounts, cashback, etc)

Didn’t mention on original post, but very important you’re in a niche that you can release a very high number of SKUs monthly. I.e: Car accessories, fashion, home decor (I’m about to start a home decor shop), home improvement.
 
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