The Make Money Online Thread

monsterpreneur

monsterpreneur

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ColdCutKing said:
Also that dropship shyt seem saturated and dead to me :camby:how do yall make profits on the margins? Vetting chinese vendors? Chargebacks?

For the online store vendor integration? order management?

Process seems easy on the surface but once you dig in to the internals I don't see how the return is better than working your regular gig.

Not doubting yall but I'm curious how the fukk you make it worth the time and capital investment.
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The best is doing dropshipping with deal websites such as jane.com and zulily.com. I worked for an e-commerce business as a product coordinator. Some of the products that I delt with made over 250 000 in less than three months. All you need is a website and to fill out an application. Albeit, you would also have to find some way to ship the products from USA 'cause I believe they don't allow shipping over 1 week. The warehouse we used is the trg fulfillment warehouse from la.
 
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Mahirishi said:
Been reading about domain flipping, how does it work exactly. I understand the concept of it. But I have a few questions

1) How are domain names owned per se ? What is actually exchanged ?

2) And for example if I buy a domain name on godaddy and I want to sell it on flipper how does that work ?
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I own 68 of them. Some sitting blank. Some hosting email. Some with intentions to build something on it. Some parked. All for sale for the right price.

My oldest is from 1998.

I've sold about a dozen of them.

The highest I've ever sold one for was $47,000.

I've had 2 complaints against me. 1 through ICANN and one through the WIPO. Won both.

You don't own the name really. You're sort of leasing it.

Push the domain. Handshake agreement or use a broker.

Stick to generic names and terms. Unique spellings. Popular slang or sayings.

I made 10k off a song title .com

Stay away from names that are similar to or exactly like trademarked terms.

If you do register something close do not contact the rights holder to sell to them. That's demonstration of bad faith.

As soon as you register your name demonstrate good faith by putting up a page that shows you intend to use it and not squat.

Make archive.org crawl that name to capture your good intentions.

Park the domain at sedo or something. Earn some extra cash (takes high volume to make a living). But remember they take 20% of any sale through their service .

Domain law is all over the place. Selling isn't technically against the rules. But registering to sell for more than out of pocket costs can be seen against the rules if someone else has a legitimate claim.

Good luck. Most of the good shyt is gone. Picking up expiring domains is nearly impossible since everyone and their moms is in on the game. Luckily pop culture gives us gems every once in awhile to run to our computer and register.
 
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ColdCutKing

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monsterpreneur said:
The best is doing dropshipping with deal websites such as jane.com and zulily.com. I worked for an e-commerce business as a product coordinator. Some of the products that I delt with made over 250 000 in less than three months. All you need is a website and to fill out an application. Albeit, you would also have to find some way to ship the products from USA 'cause I believe they don't allow shipping over 1 week. The warehouse we used is the trg fulfillment warehouse from la.
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Thanks for the insight.

I see the potential but am still a bit skeptical it seems like one of those things were nikkas get fed just enough crumbs to run away with something and go on a wild goose chase without anything substantial ever coming of it.

Seems like cats selling the process or the idea of dropshipping rather than it being a viable income model unless you got a lot of bread to burn on upfront costs and experimenting with trial and error.

I believe it can work but the returns probably not worth it for the average brotha clocking a 9-5 unless you got a good source stateside. Chargebacks alone would kill you if your supplier is from china and ships out a shoddy batch of product.

If you can speak on it without hurting your pockets i'd appreciate hearing your perspective on it.
 
monsterpreneur

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ColdCutKing said:
Thanks for the insight.

I see the potential but am still a bit skeptical it seems like one of those things were nikkas get fed just enough crumbs to run away with something and go on a wild goose chase without anything substantial ever coming of it.

Seems like cats selling the process or the idea of dropshipping rather than it being a viable income model unless you got a lot of bread to burn on upfront costs and experimenting with trial and error.

I believe it can work but the returns probably not worth it for the average brotha clocking a 9-5 unless you got a good source stateside. Chargebacks alone would kill you if your supplier is from china and ships out a shoddy batch of product.

If you can speak on it without hurting your pockets i'd appreciate hearing your perspective on it.
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It depends what you mean by hurting your pockets. For instance leggings fair well on these websites. If you get basic leggings for about 1.2, ship from china to use warehouse and have them ship it to the customers. You are looking at about maybe 6 dollar profit per legging sold. Usually a deal that last 3 days will sell over 500 pairs of leggings. So upfront cost for the leggings would be about 600 dollars or so.
 
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