/biz/ - Business & Finance

t. seething hedge fund manager

>>26635339
9 had a business, I aucked at it. Raised 1.6 mil and lost it over three years.

>>26635339
hedge funds aren't a business

>>26635653
LOL if your in Europe I know someone who did exactly that with a blockchain startup

>>26635811
We had a mine, bought 1500 coin terras and they all broke over 6 months.

>>26635339
>Going to invest my gains in property

started an online business in 2020 and now i'm making 250k/year from just that, yikes OP, step up your game

>>26636444
With mining you need an edge, if you‘re not the producer you don’t have an edge.

What are these online businesses you weebs are doing?

If I make it I'll start a furniture moving or trucking business

>>26635339
I don't know what to start!! I read this stupid fucking lists that say shit like
>make jewelry and sell it on etsy
>photography
>sell T-shirts
Bro... wtf?

God, I need this thread. Fucking reddit refugees ruin everything.

used to buy up cheap vitas from japan, hack them , and resell for a markup as a emulation portable on ebay. made around 6 grand doing it but stopped because covid killed shipping.

>>26635339
>online business
kek i have an actual brick and motor business. i have been the owner of a downtown nail salon for 5 years. i fuck my employees. i put all profits into BTC. kys boomer

>>26637537
Based

>>26635468
Fpbp kek. Dilate

>>26637416
I mean if you can draw selling art to furrys is a way to print money, selling shit on amazon works well too
>>26637563
You give happy ending flee egg roll?

>>26635339
>tfw gunsmith
>money wasn't great but I enjoyed the work
>mfw ammunition has skyrocketed and business is basically gone

>>26635339
I made an indie video game in my early/mid twenties that has generated over 10mil in revenue. Anons will think its larp because they cant imagine someone being an entrepreneur and creating wealth for themselves.

>>26635339
NOW he wants to talk about owning a business when all the crypto threads are stagnant and everybody is buzzing over GME.

I'm not calling you a shill, but you picked the literal worst time in /biz/ history to start a good thread like this.

>>26637729
IF you're not lying, link your game. Do it coward.

>>26637688
do you believe that the ammunition scarcity is engineered?
surely it can't be that fucking difficult to produce?

>>26635339
You'll never be a woman.

>>26637864
Yeah I totally want /biz/ to know what game I made so they can go troll it. Yeah let me just doxx myself on 4chan to prove something to some anonymous faggot

>>26637793
Business owner too. 200k a year e commerce, not on Amazon yet.

GME is one of those things that makes you stop for a second and say “Yeah I’m gonna do this real quick..”

alright business owners, you don't have to say what the business is, but tell us - how do you come up the idea of doing what you're doing? what did you have to do to start earning money?

>>26637956
>go and troll it
Lmao okay, LARPing faggot. You aren't even creative enough to describe it generally, and if it really made you "$10m in revenue", that's literally hundreds of thousands of retail sales.

Nobody believes a solo dev in his early 20's made $10m off a videogame on here. I seriously don't know what your endgame is on telling lies.

>>26638109
just start. You throw something at the wall until something sticks. Obviously not everything. But for Christ’s sake, there’s 16 year old entrepreneurs on Amazon making six figures selling candles or hair Mayo

>>26635339

I'm building one rn, I must be the only other one on this place that's not into crypto or stocks. don't like the volatility.

what's your niche? are you doing paid ads via clickfunnels on fb or ytube by any chance?

>>26638186
Over 1 million units sold on Steam alone faggot

>>26637956
>i’m a business owner but I don’t want to advertise my game
Yeah, you’re lying

>>26637729
>>26637956
>>26638186
Let me guess, Anti-chamber?

>>26638109

there's two types of online businesses

1. consulting
2. courses

consulting is basically doing lead generation or paid ads via fb or clickfunnels for clients

courses are better; more scalable and less done for your work. use fb ads to grow initially, and then youtube ads to scale to drive to a call funnel (for higher end courses), or a webinar. you see all those "gurus" on ytube ads, that's basically what they're doing.

i suggest watching everything by sam ovens and alex becker, they are masters of the game.

>>26638109
Start with service/product. Worst case, you have a neat hobby or pet project that you lost a little money chasing. Once you have the idea and some groundwork, do market research. Competition? Demand?
Keep developing your product/service if you feel confident it has demand or corners a niche market. At this point you should not taking on debt, only getting skills/training/industry knowledge/developing your product.

Next comes funding. Banks, family members, firms, individual investors, etc. Then, you put your plan into action. Market your shit. Hire employees if necessary. Get a website (yes you need one 100%, even if it's not a web-based service). Some of these steps are out of order, but most of what stops people from opening something simple like a landscaping service is just lack of direction or actually doing the work to get it moving.

>>26637888
Ammunition itself isn't, components, specifically primers, are the bottleneck.
Essentially primers are a tiny bit of high explosive material and there's only a handful of companies that are able to make them in the US, even worldwide there's only a dozen or so I can name off the top of my head.
Setting up a company to make primers takes millions in capital to train people to not fucking anhero themselves, and even then accidents happen on a regular basis.
Most of the raw materials for these primers was coming from the chinks because boomers were stupid enough to offshore production of BASIC RAW MATERIAL, meaning that when they got fucked up from chang-kai-sick, it was only a matter of time before ammunition would get hit.
Most if not all of the ammunition being sold currently is imported from Eastern Europe because they were smart enough to keep raw materials at hand, so they can produce. (And their ability to produce is quickly being outstripped) With US manufacturers there is an approximate billion dollars worth of backlogged orders and nobody has any fucking clue when it will actually see the light of day.
My side gig is at a local gun shop and we are just now seeing orders come in that were made 6 months prior.
The US isn't the only country seeing this either, the effects are starting to hit Canadian, Australian, and European gun markets too, they were spared until now because of less overall demand due to their more strict gun liscencing.
I believe this was manufactured yes, but via incompetence and unintended consequences rather than any deliberate measure.

>>26638506
To add on, the fact that noise spent 6 months straight torching cities woke a shitload of people up to the fact that a gun might be a good idea because the cops can't be everywhere.
This fucking skyrocketed demand, even more so from people that already owned guns and realized
>I should buy a case of 9mm before normies clear it out
I thank fucking God I got drunk and bought a thousand rounds of steel case 9x19 last year because I haven't even seen 50 round boxes for months now.

>>26636668

are you doing courses, consulting or e-commerce?

>>26635339
>have thriving business
>gay covid lockdowns destroy it
tfw not a minority or a woman, so fuck me.

>>26637563
> brick and motor

>>26638228
>>26637956
Is your engine ECS or data-oriented?

>>26635339
you make as much as the girl pictured makes in one week selling her stupid bath water.
kill yourself faggot

>>26638894
Nah but it was a unique game so if I describe it youll know what it is.

>>26637563
Bragging about fucking ugly bugs kek