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About LinkBacks
I am 22. I have made maybe around $110 000 in my entire life. Mostly working for someone else. I have had multiple business ideas, and sunk tens of thousands of hours into them - and have yet to earn anything from them. First it was creative writing. That never went anywhere, I gave up on it and now feel as if the market is just to competitive and those who succeed at it owe too much of it to luck. Then it was media production, where without substantial investment you basically cannot produce a product. Then it was advertising, which I failed at due to just not having the right mind or education for it. I was happy to learn a few principles of marketing though. Along the way I've always had a passion for electronics, computers and anything related. I did websites, never for the intent of profit. Infact until this fall I really didn't understand how a website could be monetized. I have had a few electronic product and computer science ideas for years. One I discovered was already played-out. The other was too creative and actually has no market value. The last one I keep reserved, no where on data or paper, just in my mind. I was warned, and later experienced first-hand how people can take your ideas, put the effort into them you never did and reap the benefits while you sit there and curse. So I'm tight-lipped about this product. If I ever have over $300 000 I will dump it into this product. Recently, I have come to the conclusion that it's best to stay away from service based business, and just go for product based business. Like stocks or real estate, just buy products low and sell them high. In bulk, best deal you can get. Whatever's trending or whatever people place value into. You don't even need a retail space. The internet allows anybody to sell anything. And shit, you can even sell your wares on the street or in someone else's property. Easy enough. So I guess as of now I plan to focus on the internet space. Delivering information and media and facilitating communications and sales. When I get enough capital then I hope to put it into an inventory. I'm not picky about the product, I don't think that's important. Insurance is great to sell. So are screws and nails. My advice would be about time management and dedication. From the perspective of someone who failed of course. Don't waste time. The Bible funnily enough has some powerful scripture about wasting time and lack of dedication (going hard/effort). It's just negative, don't do it. Don't drop lot's of time into something that's not going to bring you a return. At the same time make sure to put in the elbow grease when you have something that all signs are pointing to it's positive potential.
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