What is the best way to make money

Discussion in 'General Business' started by yousellstuff1, Nov 2, 2008.

  1. DesmondChui

    DesmondChui Member

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    #21
    I dont think $100 can do anything,
    but i can suggest buy a content blog that you are interest,
    work hard, write more unique article, link with some affiliate,
    and your future is bright.
     
    DesmondChui, Nov 3, 2008 IP
  2. mentos

    mentos Prominent Member

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    #22
    Trading forex market.
    Its easy and it the most profitable online biz in the world
     
    mentos, Nov 3, 2008 IP
  3. yousellstuff1

    yousellstuff1 Active Member

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    #23
    what is forex?
     
    yousellstuff1, Nov 3, 2008 IP
  4. shabbirbhimani

    shabbirbhimani Well-Known Member

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    #24
    I would say the best way is the thing you love the most. Do what you love and you would make money. Whether be it coding / marketing / forums / blogs
     
    shabbirbhimani, Nov 3, 2008 IP
  5. sfer

    sfer Peon

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    #25
    Write about what you're passionate about. Don't write for ads, write because you can.
     
    sfer, Nov 3, 2008 IP
  6. yousellstuff1

    yousellstuff1 Active Member

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    #26
    thx for the input
     
    yousellstuff1, Nov 3, 2008 IP
  7. DesmondChui

    DesmondChui Member

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    #27
    yup, forex is some trading market relate with currency

    you can start it with minumum $300
    and you can earn fast money if you handle well,

    and there are lot website giving free signal with when to buy and when to sell, so you still can play well if you does not know any thing about currency.

    But watch out, it can lose your money fast as well,
    In the start, I lose $1000 for nothing,
     
    DesmondChui, Nov 4, 2008 IP
  8. rabugniph

    rabugniph Peon

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    #28
    buy something low and sell high
     
    rabugniph, Dec 21, 2008 IP
  9. lesaurus

    lesaurus Peon

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    #29
    I have been learning how to 'trade' on the forex market for the last year. I have never used any real money and never will!

    On the surface, it looks really quite viable as a means of generating an income online - learn the mechanics of trading, create an edge, learn some good ol' discipline and start filtering a couple of % a week from the billions traded. doesnt sound too difficult. The business model is about as good as it gets - No overheads, work as much or as little as you wish, work from any where in the world, no employees, stock, customers etc. etc.

    Unfortunately like a lot of things in this world under the surface it is a totaly different story.
    It basically boils down to this - luck.

    The only people that are successful trading forex are those that have had a good streak of luck over a sustained period of time. The market is as random as the flip of a coin, it will gently coast along for an indefinat period of time allowing your favourite system to eek some cash from it and then in the blink of an eye it will change its personality like a schizophrenic and require a different system or way of trading to be profitable.

    One system or technique is not enough - it will work in some situations for some kinds of markets but will then even quicker hand it all back when the market drifts into something else. You then need to change your system to cope with the new type of market. The key point being that you NEVER know when this change happens until your money is gone.

    The only people making money out of forex are the large institutions who trade with sums of money so large that they actually move the markets themselves, and where do you think their profits come from? - thats right, the bedroom traders like us that loose the odd $1000 here and there.

    Go and have a look at www.forexfactory.com that forum has all you need to know. Just try and find people who are making a long term, consistent income - there are plenty who have hit a good run only to give it all back, but not many at all that are profitable over any reasonable length of time.

    I am in a very similar position to you. I own a lovely little farmhouse in France and my wife and I long to go and live there but retirement is a long way off - thank god - and findi ng employment in the middle of rural france is not easy. "all" we need is around 2000 euros a month to live on - cant be that difficult to earn that from the good old world wide web - can it?

    I think that the www could be similar to the forex market in that it changes all the time like the markets. Today the way to make money may be form blogging or the like, but that is or has reached saturation point, then it will be someting else.

    Trouble is most people like me and you only realize what the hot topic or "trend" if you like is when its all over and its too late. look how many video sites, flash game arcades, wallpaper sites, technology blogs there are too name but a few, to make a living from these you have to be able to do some thing over and above everyone else - better layout/navigation (requires good coding skills), beating everyone else in the search rankings (need to be shit hot at seo), have better content (need to be an articulate, entertaining writer with lots of time on your hands), or maybe just own hundreds of these kinds of sites and get your market share that way.

    I'm sure it can be done, i wouldnt be using these forums if i didnt think that and i think there are many paths that i could take - i'm just trying to work it all out like i did Forex, i've made a couple of sites just going through the motions too see whats involved, turning over a few rocks to try and find some truths coz probably the people making the money in this game are the people trying to help the likes of me and you make some money in this game! - just like the brokers of the forex market! - I don't think this is going to be easy!
     
    lesaurus, Dec 21, 2008 IP
  10. juka

    juka Banned

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    #30
    For this much money have a commission store front from Godaddy. thats actually 99$ and start selling domains.
     
    juka, Dec 21, 2008 IP
  11. Kwaku

    Kwaku Well-Known Member

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    #31
    Mentos posts to every thread where he can that he is making $200+/day with it. It that is the case or not, we cannot know ; it is possible sure. There are probably people making $200 / day with slot machines or dice. Most lose on average though and some lose everything really really fast.

    As very famous tests show with both stocks and forex ; it is quite random except in very predictable cases which do not happen often. One of the tests involves monkeys buying/selling stocks, outperforming experts. Another is a 'Forex automated system' for Windows which a lot of buyers; maybe people here bought it even. It was a university experiment; it buys/sells random and does no worse/better than 'experts' do. There are quite a few of automated stock and forex systems on the market these days that buy/sell random.

    The systems do not work and if someone is making steady money with it; sure ; glory to him or her. I threat it like burning some fun at the crab tables and the crab tables are a lot more fun :)


     
    Kwaku, Dec 21, 2008 IP
  12. anand4bucks

    anand4bucks Peon

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    #32
    bro, try affilates network
    peoples are earning thousands $ on affilates :)
     
    anand4bucks, Dec 21, 2008 IP
  13. Kwaku

    Kwaku Well-Known Member

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    #33

    True... Thing is, how does it help OP? People are making thousands on proxies, file hosting, free hosting, image hosting, wallpaper sites, theme sites, blogs, automated blogs, adsense, azoogle, domain name selling, programming, web design, online poker, etc......

    Any one of them is making some people thousands and thousands of people nothing :)
     
    Kwaku, Dec 21, 2008 IP
  14. yousellstuff1

    yousellstuff1 Active Member

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    #34
    i completely forgot about this thread, mods, you can delete this
     
    yousellstuff1, Dec 21, 2008 IP
  15. Jordan656

    Jordan656 Peon

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    #35
    dropshipping is your answer. no outlay until youve sold something :D
     
    Jordan656, Dec 23, 2008 IP