View Poll Results: Do you think these ideas are plausible and have potential?

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7. You may not vote on this poll
  • Yes. I think your overall plan is well Structured and has many Opportunities behind it.

    1 14.29%
  • It has some potential. However I think alot of it can fail and having thoes backups are good.

    0 0%
  • Meh. Yes and No. I think the overall plan is well structured, however I think alot of it has flaws.\

    1 14.29%
  • Not really. It has to many loopholes/flaws and I dont think you can make 6 figures/year.

    0 0%
  • Not at all, it has WAYYY to many flaws and I think you need to re-analyze it all over again.

    5 71.43%
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  1. #1
    Vetoman1 is offline Junior Member
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    Lightbulb 10 + Methods to making 6 Figures / Year at 18 Years of Age! - (Not Get rich Quick)

    **Thankyou to the moderator that restored my thread. Im very greatful for that . But for any other moderator that might want to close this thread for some reason, plz reconsider it, and realize that it JUST got restored, and obviosuly it was for a good reason.**

    35 Page Personal/Step By Step guide on making Millions / year Coming soon - With MUCH MUCH MUCH more content/ideas/concepts/methods/more indepth information/extremely ACCUARATE #'s for $$ revenue/$ per year/day/ etc. Message me if your intrested in a copy of the Guide when its complete



    Please Read:
    It may be at your best intrest to read the LAST and 3rd post OR anyyy POST FOR THAT MATTER I made, after you read the main one 1st of course. It explains ALOT of things that clear ALOT of the ideas up and also some possible loopholes/flaws and common questions people may be conjuring.

    **Equation for $$$ per year is a the end of the post.**

    I apologize from the start, I was never intending this thread to be so long, alot of details crossed my mind as typing. However I would like to advise you and encourage you to read on and see my methods, I am almost certain you will find it intresting, even if you dont think it can make a crap load of cash.

    Hey guys just joined the site but was very eager to get fellow Entrepreneurs to comment and analyze my semi-detailed plan. Most of the REALLY important details were not written down because I was lazy. Here is the following list of methods from start to finish if your WAY to lazy to read the walls of text. (If your skeptical after reading the methods, then may I suggest reading details below in the list. Anyways here is the Small List:

    Just before you go on, the MAIN idea of ALL these methods is to have like 10 Backups at all times for $$$. If some fail, fine, some wont, new ones evolve.

    1 Main Job, 1 part time job (Little Hours), Poker Online, YouTube, Dealing Weed, Stocks, Intrest in Banks etc,fixing computers. - AFTER saving from these, I Quit both Jobs I have, and start an Internet/Gaming/Cafe In Victoria near a Junior High school, 24/7. ALL methods of making $ are done inside the Internet/Gaming/Cafe. A few more methods will emerge after the Buisness has started such as Selling Bongs/Pipes etc for thoes hcore gamer stoners, Selling Food/Drinks in the Cafe, Getting a license to sell cigerettes. The LAST backup way if 100% of all methods fail (Which they wont) is to Teach English In Japan (Minimum requirements, no speaking of Japanese needed.

    Keep in mind I am only 18 years old and have not had to many jobs in my life. However in 2 weeks I am moving to Victoria in BC and this will be my 1st chance to explore the buisness and money making world I have been dreaming about since a child. I understand it may seem very unrealistc espeically for a semi-expierenced Entrepreneur, but think over it. Soon you will relize they are not ALL get rich quick schemese but rather Unique ideas/hobbies that has cash flowing through the systems everyday. The entire plan may take YEARRRS but thats fine, thats what I am going to do for my life.

    There may be errors and certain loop holes I havent looked into yet, which is why I am posting it here for you guys to review. The entire plan I have is to be set over 2-5+ years. I also have a partner with me as a computer technician/networker who will be assisting me in my Internet/Gaming/Cafe.

    Total Time per day: 8 Hours (Job) + 2-3 Hours (Poker) at night + Selling Weed whenever its possible and when its not sketchy + ? Hours for YouTube In free Time when I am at home or anywhere, filming will happen automatically for my "Vlog" Channel = 11+ Hours

    So Work would be in morning to afternoon so I can have time for 6-7+ hours of free time for everything else. ONCE I get the buisness opened up (Read below for details) EVERYTHING I do to make money is plausble to make it at the buisness.

    I will be putting all my effort and energy into making these things work, reguardless of how long it takes, it will happen if action is taken. Never rush your ideas ever, let them unfold.
    Before reading keep in mind there could be many small but important steps I am missing. Bare with me

    1. Get a Job for 12-15$ an hour (80-150+) Per Day

    2. Get a secondary Job for 4 hours- 8 hours/1-2 weeks

    3. Get access to a credit card – Load about 1000$ - Play 1 table with 500$, 3 tables at 150$ each 3 Hours or Less/More/Day. (If you look at the #'s straight up over time its almost impossbile to go complete bankrupt from poker. The $ graph will be everywhere short term, long term it will rise slowly.

    (This strategy is primarly for leisure purposes and serves as a backup for emergency cash issues. There will be days where I will get unlucky, and some lucky, it all depends, and estimating becomes guesstimating in terms of how much $$$ you make from it. This is not a primary way of making money however it can be a large amount of $ towards total.)

    4. Start Buying an ounce of Weed at a time or more (280$ - 500$+ Worth of weed) Start selling weed at beaches/schools/downtown/friends/train stations/parks/etc (This method works for people who have expierence etc. I myself do so this way is doable.

    5. Buy a Camera – HD Flip Cam – Buy Green Screen/Lights/Props. Set a Channel up about Pot/Vlogging. - Spam Website/Twitter/Facebook/YouTube/Etc all over the forums of the interwebs. Get 500 Business Cards with info etc – Go all over the city and place them literally everywhere. You know the best places. Wait till 10,000 Subscribers Hit and then set another channel. i.e. – Gaming/Movie Reviews, World of Warcraft lol – Eventually get everyone over to the other channels and grow as large as possible.

    The YouTube Method is another creative project that I have been wanting to do for years. So this is a perfect oppurtunity for me to make $ but I will also get expirence with filming strategys and have a great time making it all happen.

    6.(Some of this is step 1) Get a bank account – Get a chequings account with 2500$ available at one time. Get a backup Bank account with 1000$ but don’t ever spend it and add 100$ every cheque use at semi-emergency cases only. Set a Savings account with 250$ + each cheque. – Get a secondary Compounded Interest + another savings with yearly/monthly interest.

    7. Get stocks in whatever you can afford, Look into it / Research it as much as possible.

    8. Save up 60,000-75,000$ + over 1-2 years and open a internet/Gaming (With Consoles/PC Games) (Research 1st)/Cafe (With a mini Restraunt) (More details in brain)

    *With this Buisness I can potentially make up to 1.5 Million $ + / Year. Dont get me wrong sounds like alot, but also sounds absolutely insane and implausible, but it would be a very, very big and hopefuly successful buisness, but at the saem time take ALOT ALOT ALOT of energy and time and devoation.*

    9. Quit your main/secondary Job if it’s not worth the pay.
    10. Get a licence for cigarettes/cigars for selling.
    11. Invest money into bongs/pipes/grinders/etc (Cheap Ones) and sell them at the cafe secretly.

    12. Sell food/drinks at the cafe and set tables with game boards/Fireplace/Couches/TV’s/Books
    13. Fix computers for people for very cheap.

    14. Set up poker online with 5+ tables at once at 500+ for 5 tables, 10 and beyond would be 150$ or less/ Table

    15. Sell weed via 7up can (Disguise for Weed) Place weed in Can, Place in Fridge. Buy program to allow customers to order food/merchandise via computer. If a customer orders a 7up and 20 Cents worth of candy it means he wants a 20 bag. 40 Cents is a 40 Bag, and so on. 1 Dollar is an ounce; 2 Dollars would be 2 ounces etc.

    16. Set up a photo copier/other special utilitis for $. (24/7)

    17. Sell various other shit that you will eventually be bound to think of them.

    18. IF everything fails (like 7/7) methods - which you know is practiaclly impossible, I will have a last backup plan to work in Japan Teaching English to Japanese Students. They accpet literally everyone esepcailly in korea.

    CALCULATIONS:

    Equation for $$$/Year Etc (Equation in units per day) (Internet Cafe Business/Stocks/Savings In bank Accounts/any other method I have mentioned before or after this post is Not Included in this Equation):

    100$ (Main Job) +
    350$ (Poker Online) +
    280$ (Weed Dealing) +
    250$ (youTube) +
    (YouTube; eventually 500-1500$ Daily, 3 Channels etc (We won’t add it into the equation though))
    120$ for various other methods

    = Total of 1,100$/Day = Potentially 401,000$ +

    For ERROR purposes lets take off 2/3rds of the $ (Thats alot). 401,000/3 = 133,000, lets just take that 33k off to make it 100k. So I am making more then most people make in one year.

    = 33,000$ + / Month | (Error Margin = about 28,000$ Now it = 5,000$ + / Month) – So the total = 160$ + A day and 60,000$ + / Year.

    Without the Error Margin (Calculation of Money Error) it = 396,000$ per year.


    There. All done. So eventually when the business gets poluar enough and when it grows large enough we will extend our buisness through the country. However I am never going to give up on this Goal no matter how long or much much effort it takes. Mistakes will be made. But thats likewise.

    Props to you if you read the entire thing, I appreciate your curiosity over $ making methods and would love to hear your comments and ideas on the entire idea.
    Last edited by Vetoman1; 01-19-2010 at 02:28 AM.
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  2. #2
    kameron is offline Senior Member
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    Its good to see you are planning even for the Jobs and hours for cash flow. But essentially

    WHAT is the overall business plan?

    Who is your target market. I see u leaving error for failure. However, how can u fail if u don't give up?

    Most failure is one step closer to success.

    How do u plan on monetizing your YouTube channel. What essentially is your e-commerce agenda going to target.

    Promotion of your Poker Cafe ect?

    I think you are definitely on the right track and have done what many do not.

    You have begun making serious planning. And appear to be willing to do what it takes to succeed.

    I don't see to many YE members responding well to your "weed" dealing entrepreneurial methods. And would not recommend discussing such matters at the venue.

    I would be willing to sit down and discuss your business plans further if you would like an open minded successful home business owner and web based entrepreneur to discuss and work out the finer details with.

    Shoot me a PM.

    Keep up the brain storming
    Last edited by kameron; 01-15-2010 at 07:27 PM.
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  3. #3
    cg410 is offline Member
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    kameron - I'm happy to entertain his idea of selling weed as a business, but only if he's going to do it right, and with the disclaimer that I wouldn't do it because it's not worth the risk of going to prison for a felony.

    Anyway, if you're going to sell weed, don't be a street dealer. Buy seeds and grow the stuff in large quantities using ample research and technology to do so quickly, cheaply, and without getting caught. By my calculations, if you had a 50 plant by 50 plant plot of marijuana (2,500 plants total), you'd have $1M of weed. That's enough to be "seed money" (teehee) for any of your future business ideas, or to live off of very well for 5+ years.

    Now, continuing forward, making $350/day in online poker is not easy. I'd say flat out impossible to do on the average over the long term playing only 3 hours a day. Making $250/day on YouTube I'd say is similarly difficult.

    Next, you say that 8 hours of your day will be spent making $100, and then you'll spend "3+" hours making $1,000. Why the hell would you spend 73% of your work hours making 9% of your money? The $100 isn't worth it. IF somehow you could make all the other stuff work and get you $1K for those 3 hours, invest the 8 hours strategizing and studying up on the law for when you get caught with the weed.
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  4. #4
    DerekS is offline Senior Member
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    "Number four, know you heard this before: Never get high, on your own supply..."
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  5. #5
    Vetoman1 is offline Junior Member
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    10 + Methods to making 6 Figures / Year at 18 Years of Age! - (Not Get rich Quick Scheme) Edit Post

    Quote Originally Posted by cg410 View Post
    kameron - I'm happy to entertain his idea of selling weed as a business, but only if he's going to do it right, and with the disclaimer that I wouldn't do it because it's not worth the risk of going to prison for a felony.

    Anyway, if you're going to sell weed, don't be a street dealer. Buy seeds and grow the stuff in large quantities using ample research and technology to do so quickly, cheaply, and without getting caught. By my calculations, if you had a 50 plant by 50 plant plot of marijuana (2,500 plants total), you'd have $1M of weed. That's enough to be "seed money" (teehee) for any of your future business ideas, or to live off of very well for 5+ years.

    Now, continuing forward, making $350/day in online poker is not easy. I'd say flat out impossible to do on the average over the long term playing only 3 hours a day. Making $250/day on YouTube I'd say is similarly difficult.

    Next, you say that 8 hours of your day will be spent making $100, and then you'll spend "3+" hours making $1,000. Why the hell would you spend 73% of your work hours making 9% of your money? The $100 isn't worth it. IF somehow you could make all the other stuff work and get you $1K for those 3 hours, invest the 8 hours strategizing and studying up on the law for when you get caught with the weed.
    Thanks alot for your input, really - ANY is good, bad or good. Anyways, The pot selling is primarly to sell small amounts, which can make almost as much as selling alot. The reason why I dont want to Grow so much weed is because its highly risky to sell that much and depending on JUST that isnt good enough.

    Making 350$ with Poker a day is actually more simple then you think. Infact if you read the details on the poker, which I am sure you did, then you would realize that I am playing 5-10 tables at once for the start, as I get good at multi tasking i'll grow the tables. However with 5-10 tables, thats enough to easily make 10-20$ + bets. with Texas holdem, you have 7 hands before you HAVE to put money in. In this case, with 10 hands + and 7 hands before putting money in for each table, and if I play smart (Which I can, I have played tournaments before) I can EASILY make over 200$-350$+ a day. 3 Hours - Fast hands, ALOT of chances. Its in my favor. Dont get me wrong, the reason why I Chose poker was because I love it, and as a hobby, why not?
    + I told you Its not a primary money maker. the REASON why I have 8 methods + is because they all have potential, meaning I have backup if one or 2 or 3 or 4 fails. Then I can fix the issues I had while still having 4 incomes. What I am saying is (Back to the weed topic kinda) Why have 1 income making 1 million $ while I can go to jail for life getting caught. when I can have 8-10 Unique ways to earn some cash? I forgot to also mention that I would also have 1 table where I focus on larger quantities of cash. So that table can earn as much as all other tables combined in 1 hand. Perhaps I could skip the 10 + tables for a night or 2 and maybe play 1 table and REALLLLY focus. The point is your doing it enough, to potentially earn you alot, but also potentially you can lose alot. Both will happen alot. -

    Ok, so with YouTube, I think your mistaken but I see why you can see doubts in it. Many Do. However ... I have done countless research with Books etc on HOW to make a succesful YouTube Channel. Not only that but I myself have artistic abilities that some dont have. I have worked with Film and art in my life. With YouTube, I can have as many channels as I want with ANY topic I pleas, on top of that, I COULD get paid 1000$ a day (AS much as ALL 8-10 of my methods)

    *Its important you realize, this single method is a semi time consumer. Meaning I am not full time on it, hence I shall put my full expertise on building the channel and making good content when I DO get the time to work on it. Its a long term Goal really, like a few of my methods, some are long, some are short some are average. Variety is your friend. Could take Months to setup but thats fine, its fun, artistic, its engaging my mind, its putting my abilities to work, and its exrta stimuli on the mind.

    And lastly, the main reason why I have so many methods of making $$$ is simply for the variety. WHY have a job making 1/5th of the money you CAN make with YouTube? Easy. Humans need a decent structure to function properly. Dealing/Smoking weed all day, while always being at risk, not to menion the stress it has on the mind, has no real structure, and in my mind is not worth it. 1 because Its Highly Risky, with that many plants, like holy crap. 2. I dont wana deal weed every day on my life all day long, not a smart plan in terms of entrepreneurs. I mentioned before to that dealing is something that not everyone can do, and I only mentioned it because I have expirence dealing ounces a day. I wont even go into why I wouldnt deal on the streets.

    The ULTIMATE plan is to entitle myself to 8-10+ Incomes for preperation of the other ULTIMATE plan, which is my Internet/Gaming/Cafe. (Not to mention the fact I can do all my money methods In the Internet Cafe. I WORK Full time and get paid more then my previous Job, + I Make just as much as before I started the Buisness. I forgot to mention I never said I would make 1000$ in 3 hours, read the Calculations, its 1.1k a day = 365k a year - 265k for error margin = 100k EASILY per year. Potentially 365k though.

    I also wont be rushing anything, my Real plan 1stly is to move to victoria where I settle dfown for a month and get a steady Job or 2. After that its going with the flow. Work hard - have patience - learn from mistakes - Work harder - Put my fullest artistic/etc skills and abilites at use. Rinse and repeat. Use the POWERFUL tool you have which everoyne has, and everyone has potential. EVERY invention from the world, EVERY buisness idea out there, and EVERY succesful Entreprenuer that ever lived used the universal tool called the Brain. Everything was an idea at a point, and its up to our actions to determine our destiny. You snooze you Looze.

    K I am dont typing, thanks again for feedback and would love even more. Thanks =D

    -Joel
    Last edited by Vetoman1; 01-16-2010 at 08:59 PM.
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  6. #6
    Vetoman1 is offline Junior Member
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    Quote Originally Posted by DerekS View Post
    "Number four, know you heard this before: Never get high, on your own supply..."
    I dont plan on smoking my supply for dealing. I buy weed to sell and have 1 plant to smoke and grow myself. other then that I only smoke weed when I myself want to pickup, and that person I pick up off is me. I wont be blazing 24/7, I will be working hard.
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  7. #7
    CGM's Avatar
    CGM
    CGM is offline Senior Member
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    *Cough*
    Yo man, you got the green?

    You do indeed have the entrepreneurial mindset. I remember in High School calculating how many plants I would need to make X ammount of money, sell a pound for this much. Never nickle and dime, just bulk. While it was fun to think about, for the sake of not giving anything away, I never went that route. Y'know, it was just fun to think about. *cough*
    Last edited by CGM; 01-15-2010 at 11:28 PM.
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  8. #8
    Vetoman1 is offline Junior Member
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    Quote Originally Posted by kameron View Post
    Its good to see you are planning even for the Jobs and hours for cash flow. But essentially

    WHAT is the overall business plan?

    To settle in Victoria, Get a job or 2, make some money, begin the slow process of constructing each method, 1 method at a time.

    Who is your target market. I see u leaving error for failure. However, how can u fail if u don't give up?

    Target Market? You mean like whom are my customers for each method? Well simple logic can answer that.
    Most failure is one step closer to success.

    I agree

    How do u plan on monetizing your YouTube channel. What essentially is your e-commerce agenda going to target.

    Please read the 3rd post and my main post again on just the
    YouTube topics. Step 1. Buy a camera/lights/green screen/editing tools. 2. Beging brain stroming for a wwek or 2 on details ON the specific topics for the channel 3. Make the channel, Before you post anything, make 3 videos and post all 3 at once for your 1st 3 channels. 4. brain styrom weekly, and just focus your abilities. Have patience, and create


    Promotion of your Poker Cafe ect?

    I am not sure I quite understand what your saying/asking. So your saying to promote my Poker at my Internet/Gaming/Cafe (Its not a Poker cafe, but you could certainly play oker in the lounge near the cafe.) If your asking how to promote my Cafe in general, well thast really simple, advertizing is 1 thing thats decently easy. Google, Buisness Cards, Friends, Friends Friends, random Gamers that stumble uppon a Internet Gaming Cafe with Console/PC games with Food after coming from a Junior High school or High school. Over time it will get regulars. I will work WITH thoes customers and base my buisness around my customers desires.

    I think you are definitely on the right track and have done what many do not.

    Thank-you


    You have begun making serious planning. And appear to be willing to do what it takes to succeed.

    You have no idea the amount of ambition I have for my plans. I am determined to work hard on creating these incomes and will not give up unless I know the plan is ultimately futile. If it all goes to shit and it fails and I go bankrupt, I will move to Japan and teach English. Live there for a few years. Why not?

    I don't see to many YE members responding well to your "weed" dealing entrepreneurial methods. And would not recommend discussing such matters at the venue.

    I agree. I think Most YE's dont consider Dealing a Entrep thing. However I am skilled and have expirence with dealing weed and have plans to sell strictly to freinds and trustworthy people. Its a seperate money maker I thought wouldnt hurt to mention. I thought I would just give the full plan.

    I would be willing to sit down and discuss your business plans further if you would like an open minded successful home business owner and web based entrepreneur to discuss and work out the finer details with.

    Sounds like a plan... I have alot more on my mind I wasnt able to capture on pixels.

    Shoot me a PM.

    Keep up the brain storming

    Will do
    ----------
    Last edited by Vetoman1; 01-15-2010 at 11:44 PM.
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  9. #9
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    MissBossLJ is offline Member
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    Sorry but am i the only one thinking this all sounds a little bit far fetched? You haven't really thought about who your target market is, what attributes relate to your target market - i.e what do they look like? where are they placed? what do they spend their money on? and furthermore, You havent implemented a business plan or a marketing breif. These methods you put it of making money - listing poker, thats a bit unreliable and its not fer certain for all you know you could end up losing $250 instead of making it? And selling weed? This doesnt really sound like a cutting edge plan, i think you need to spend some serious time planning, it sounds like ur fantansising about "the 6 figure paycheck, moneymoney!" anyone serious in business is not within it soley for that reason, and personally i dont see how its likely your going to ahcieve a 6 figure sum from what you listed it all sounds rather unplanned and fantasy. As you said, you are new to this, trust me from experience everyone when they start out thinks itl be so easy and on paper it may seem oh i can do x y and z to cheive this but u will come up against challenges you would never see coming and trust me to make that kind of money needs a hell of a lot of hard work and much more then playing a few poker tournaments and selling weed, and what about all the rival competition for the gaming/internet cafe shop, thats a densly populated market. I think personally you need to think of some more cutting egde business ideas then relying majorily on playing poker and bending the law by selling weed.
    Feel Free To Network With Me!

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  10. #10
    Vetoman1 is offline Junior Member
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    No, I just talked to a guy who has ran 4 succsesful buisnesses + has made shit loads of money doing many entrapreneural methods. He is 38 and sitting rite next to me atm. We actually just talked about 20 other different methods for making cash, complletely seperate from my ideas, but can be linked. My 2 key target markets involve Buisness People/Gamers/Anyone who buys food at a cafe which wont be made rite away, however I will sell MANY things and have MANY ways to make money via Internet/Gaming/Cafe, Including Many useful Buisness/PC tools etc that many people use ona regular bases. (I just talked about over 10 with that guy). My internet/gaming/cafe is a long term goal, as I mentioned above, and this is just brainstorming. This is simply a rough draft plan for the buisness world and the Gamer World and the World. 50% of this plan is for expierence, the other 50% is for Money and many other minor reasons. I have always wanted to open up an Internet Gaming Cafe and dont intend on giving up on this goal. Eventually it will be 75% about the money, and 25% for more expirence as I grow older.

    In what context are you talking about for when you said where are they placed? Well In victoria eventually, and I am sure there are some popular ones already but that doesnt mean I cant open up a buisness. There are multiple stores/buisnesses that open up. Why cant I make 1 and expereiment when I am still young and fresh lol.

    For making money via Poker online. I forgot to mention in detail that Its not 1000$ put into a Poker acount every day, but rather 1000$ saved up over time and then using ONLY that $ for poker. Once you win money, cash out. Dont go below a certain amount of $. If you lose, dip into the savings account thats only for poker, itleast for a short time, and then play again but learn from your mistakes and perhaps play with smaller amounts of $. Losing 250$ is nothing. I wont even be betting that much, but with multiple tables, I am getting mroe chances per table then I would usualy and would be betting 50-100$ max. Dealing Weed is more my thing. I am an expierneeced dealer in Alberta and have made alot of $ of selling. I know its risky, but I have done it before many times ;p, again. like poker and Dealing Weed are like.... 2/7+ methods of making money. Backups are your freind =D

    I will be making a buisness full buisness plan eventually, as I said this is rough draft something I did to kill time... Once I get a full buisness plan I'll let you know, and send you a copy of it, then you can fully evaluate it.

    Your absoultuley rite, I am fantasing about alot of money, which is WHY I am doing this plan in the first place.

    Ok. So 1st off did I mention I wasnt gona face challenges? Of course I am 18 year old. I am not fantasting about making 1,000,000$ / year for the 1st year of doing buisness. Its a mix of long term and short term and mid term goals. Backs ups allow me to expierement. Which is what I am willing to do. If all else fails I am teaching English In Japan, as I mentioned above. And To make 6 figures / year with all these methods, before the internet gaming cafe, is possible not soely possible on just dealing Weed and Playing Poker. Sorry but did you even read my plan? Not to be negative but please read all plans before critizing... just saying :\

    I never said there isnt rival competion. However that doesnt prevent me from being succsful over 5-10 years, It LONG term, and SHORT term goals. For instance. Wall-mart competes with Zellers. But they are both succsesful companys. I am not saying I am going to be as big as them, but I am saying there is an entire world with 6 Billion people out there, and there is always room for another internet/gaming/cafe. Why the heck not?

    Lastly, I did mention breifly, with the calculations, that I took OFF over 2/3rds of the $ calcualted per year. You know how much that is? THats a shit load. I got alot of room for error, expiernece, and failure. However the calculations arent necasraly accuate due to the fact that I havent tried them all yet but will be starting this Monday coming Up.

    Anyways sorry for ranting/making WALLLLS and WALLLS of replys but I also do this for my own purposes, to get all the IDEAS and THOUGHTS on paper for the future. Its a multi purpose thing, + I can see the other posts from succusful buisness owners on this very site.

    Thanks for commenting again, I apprecaite it all and I hope you read my lengthy response to you. If not thats cool I would probably say screw that to haha.

    K I r out, Cya.

    -Joel

    Quote Originally Posted by MissBossLJ View Post
    Sorry but am i the only one thinking this all sounds a little bit far fetched? You haven't really thought about who your target market is, what attributes relate to your target market - i.e what do they look like? where are they placed? what do they spend their money on? and furthermore, You havent implemented a business plan or a marketing breif. These methods you put it of making money - listing poker, thats a bit unreliable and its not fer certain for all you know you could end up losing $250 instead of making it? And selling weed? This doesnt really sound like a cutting edge plan, i think you need to spend some serious time planning, it sounds like ur fantansising about "the 6 figure paycheck, moneymoney!" anyone serious in business is not within it soley for that reason, and personally i dont see how its likely your going to ahcieve a 6 figure sum from what you listed it all sounds rather unplanned and fantasy. As you said, you are new to this, trust me from experience everyone when they start out thinks itl be so easy and on paper it may seem oh i can do x y and z to cheive this but u will come up against challenges you would never see coming and trust me to make that kind of money needs a hell of a lot of hard work and much more then playing a few poker tournaments and selling weed, and what about all the rival competition for the gaming/internet cafe shop, thats a densly populated market. I think personally you need to think of some more cutting egde business ideas then relying majorily on playing poker and bending the law by selling weed.
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  11. #11
    cg410 is offline Member
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    Joel,

    I know that you think you've calculated it out and you've taken off a percentage for a margin of error, but your numbers aren't even close. You will *not* make that much per hand, you won't make that much street dealing weed for an hour a day, and unless you're really lucky/skilled with YouTube, you're not making that money either.

    I've done professional gambling before. I have a system that can give me a 5% edge on the house in Blackjack. I've done YouTube marketing before. It's all not as easy as you think, but you might need to try it to believe it. Just be careful with the weed dealing: if you make a mistake, you go to jail, and that sucks. The rest is a worthwhile learning experience.
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  12. #12
    jplata is offline Junior Member
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    I would love to entertain a prop bet with you on your poker idea. I'll put 5-1 on you making $350/day profit average over a 30-day period, for lets say 10k? You dont average $350/day, you pay me $10k, you do, I pay you $50k.

    Make it official, in writing, etc etc. Deal?
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  13. #13
    Vetoman1 is offline Junior Member
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    Quote Originally Posted by jplata View Post
    I would love to entertain a prop bet with you on your poker idea. I'll put 5-1 on you making $350/day profit average over a 30-day period, for lets say 10k? You dont average $350/day, you pay me $10k, you do, I pay you $50k.

    Make it official, in writing, etc etc. Deal?
    Message me. we talk about details. Nohing is officla yet.
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  14. #14
    MissBossLJ's Avatar
    MissBossLJ is offline Member
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    Thanks for the reply, i see your points and where your coming from but i jsut still think you think thats its going to be easy thats how its coming across and as the reply said below me ( Hey JoN bTW!!) THERES no way you will make those sort of figures, there is a saying if it was that easy everyone would be doing it, when i started out i though like you did too, things that sound logical on paper once implemented you will face things going wrong u could never imagine i just thinks its unreliable to rely on the poker and selling weed LOL. But good luck please do send me the business plan, and i also noticed you said you are 18 too. I am also 18 and a female - a rariety on this forum, You should Pm me would be great to network.

    Regards
    Feel Free To Network With Me!

    Lauren-Jamie
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  15. #15
    steveestewart is offline Junior Member
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    Ive been playing poker live and online for a while (winning quite a bit of money and tourneys over the years, so I'm no fish) so this is a little close to my heart, but I'm with the others about even using online poker as a means to fund anything. A lot of people see it as such a glamorous way of making $1000s, and some days you might, but in reality the majority of people that play lose much more money than they win. Hence why poker rooms are so popular and make so much $$$. The variance in your winnings combined with multi-tabling (which is a very hard thing to master, especially with that many tables and that high stakes) will make it harder to make money than to earn it. I know you think with 8 tables you have more of a chance to win money, but you actually have more of a chance to lose money, which is probably what will happen. Not to mention the higher the stakes, the better the players. I'm not sure if you're a shark with your friends or not, or maybe even on facebook poker... but high-stakes, professional poker is different. I don't want to sound like a dick, but from playing professionally for a season, I laugh at others that think its easy. If its a hobby and you enjoy it, by all means keep playing! Who knows, you may be a Phil Ivey? However, if you can play like that and earn that much: up the stakes, forget about the other things (especially the illegal stuff), and make it your primary job. I understand the concept that you want multiple options in case something fails, but all I'm saying is the poker thing will. You'll burn much more money than you'll earn. So just my advice, don't even use this as a funding option, keep it a hobby. Its not a smart business plan, which is why you came on here right? It may work out, but honestly I'm leaning towards jplata getting the payout.
    Last edited by steveestewart; 01-17-2010 at 03:44 PM.

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