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New ingeneous ideas to make $$$$$ online - practical example

N

newNomad

Active Member
Jan 25, 2021
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#1
After some busy months of daily grind which anyway goes nowhere, I turn to the forum for practical insight where and how to make tangible $$$$.
Given that tax optimization is evergreen focus of many with questions around placing X,XXX,XXX USD of cash in banks flooding the forum, I naively deduce that most do not have any particular problems with revenue-side (i.e. income) so perhaps someone would be so kind to share a tip or two about how to make money...with just anything...digital marketing, consulting (and what kind), courses, P**N

I read some crazy stories about people regularly pulling 5-figures a month with what appears to be low-effort gigs, I give you a practical working example I just stumbled upon very today:
https://www.bbc.com/news/magazine-38168281
if someone has more or at least knows where to find good tutor(ials) about how to set up a working and cash-generating prototype of just about anything I am more than willing to listen..
Thanks
 
#3
hm...if some kids in Macedonia could make 5-figures/month to make city rich and in BBC, we should be able to do at least the same no?? :D

Regarding 'low effort'...let's rephrase it as a 'humanely possible'
Since low effort is a relative term, someone may think working 2 hours a day is a high effort and for some even 14-16 hrs is still low effort since it's not all 24 :)
 
#4
newNomad said:
hm...if some kids in Macedonia could make 5-figures/month to make city rich and in BBC, we should be able to do at least the same no?? :D

Regarding 'low effort'...let's rephrase it as a 'humanely possible'
Since low effort is a relative term, someone may think working 2 hours a day is a high effort and for some even 14-16 hrs is still low effort since it's not all 24 :)
Click to expand...
The answer likely involves AI.
 
#8
daxbr said:
It is an unfair question because you expect others to provide you something of value for nothing. What can you offer in exchange?
Click to expand...
This is actually a legit question, and a very frequent one, but a very naive in essence, if I may.

What I, or the public in general sense, can provide is constructive criticism, different PoV on the things, identify and point out potential risks or aspects not actually thought of or considered by the "idea owner", execution tips, partnership/collaboration if there are synergies between what I do (or want to develop in the future) and your goals, introduction to new lateral ideas or people who may help with some 'pain point' etc...the list is endless. But it is only possible if I know about the nature and existence of your business no? Otherwise if nobody knows about it what's good that operation for lol since it always depends on customers, partners, suppliers...

Anyone who had ever had anything to do with business angels or ask for venture finance or even hiring top-edge talent had experienced that when asking for NDAs or such, the angles would laugh and stop discussing right away recognizing that the true value how you proudly name it resides in proper execution and avoiding risks and pitfalls, not in the mere idea
And this is true also for gray or straightout black segments of the market

Later I provide you a practical example where I thought I had a what appeared to be great trading arbitrage idea, kept it to myself and executed without discussing it with anyone...and lost around 60'000 CHF...in a single day. On regulated markets, so not due to some scammer

sharklasers said:
4 figures and offline but with bonus you are own boss to some degree. On either side of the action in Donbass.
Click to expand...
Well...4 figures is actually not a lot of money...not even for monitoring Donbas from far away via radar, let alone going there lol
On TikTok kids are making 5-6 figures posting crap, so perhaps if we look that direction..
 
Last edited:
#12
JohnnyDoe said:
Carry trading is coming back on fx. Like in 2008, it will last until it lasts.
Click to expand...

I dont think we talking about the same thing.

Eg. Buy 50 BTC, send them to a Futures acc and sell them 1/1 on the inverse perp.
Collect funding.

TBH as this is crypto and s**t tends to get out of wack every now and then, I rather recommend to short it 1/0.90 to avoid spread liquidation.

Ive been w a position open at Binance since the covid crash, minimum collection 0.01% every 8 hours with a max of 0.17%.
 
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#13
TheCryptoAnt said:
I dont think we talking about the same thing.

Eg. Buy 50 BTC, send them to a Futures acc and sell them 1/1 on the inverse perp.
Collect funding.

TBH as this is crypto and s**t tends to get out of wack every now and then, I rather recommend to short it 1/0.90 to avoid spread liquidation.

Ive been w a position open at Binance since the covid crash, minimum collection 0.01% every 8 hours with a max of 0.17%.
Click to expand...
It’s about the same thing, on fx you collect the difference in interest rates between various pairs.
 
#15
TheCryptoAnt said:
your sounds more difficult ngl. I didnt know that was a possibility!
in the crypto example funding is always there so you dont have to be aware how interest rates are changing
Click to expand...
You borrow one currency at low interest rate and use it to buy another that gives high interests. You can leverage up to 200:1 and enjoy the free money until you are wiped out smi(&% Best way to do that is by using other people’s money, e.g. running a hedge fund. The 20%+ performance fees are real, while the profits are ephemeral.
 
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#16
I'd add that for retails carry trading on fx is almost impossible and mostly has very bad r/r ratio due to excessive markups by brokers. I.e. all the brokers undercut and pay you less on the CCY where you should be getting positive roll and overcharge you (i.e. you pay more to borrow) on CCY where you have negative roll
So to overcome this you need play very speculative pairs such as TRY/USD...since TRY pays insane levels of interest now and thus even with broker fees and undercutting you still have strong positive roll but still nowhere to cover for the risks. In fact if you check, the same exact setup has been a losing proposition recently.

Other flavors are borrowing in low interest CCY and investing in government bonds with high yields, in a domestic currency of the bond, practical example BRL Brasilian bonds, that way you milk some more on top of the roll with better risk profile but still proved a volatile and not too good r/r ratio.
So bottom line easy money from some online biz tops risking big capital for mediocre returns, ultimately I see investing in the markets at best a way to keep pace with inflation but without any real potential to make sensible alpha unless you're a top player in an extremely competitive and efficient industry.
 
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#17
TheCryptoAnt said:
I dont think we talking about the same thing.

Eg. Buy 50 BTC, send them to a Futures acc and sell them 1/1 on the inverse perp.
Collect funding.

TBH as this is crypto and s**t tends to get out of wack every now and then, I rather recommend to short it 1/0.90 to avoid spread liquidation.

Ive been w a position open at Binance since the covid crash, minimum collection 0.01% every 8 hours with a max of 0.17%.
Click to expand...
Is there any Youtube video explaining this strategy?
 
#20
newNomad said:
After some busy months of daily grind which anyway goes nowhere, I turn to the forum for practical insight where and how to make tangible $$$$.
Given that tax optimization is evergreen focus of many with questions around placing X,XXX,XXX USD of cash in banks flooding the forum, I naively deduce that most do not have any particular problems with revenue-side (i.e. income) so perhaps someone would be so kind to share a tip or two about how to make money...with just anything...digital marketing, consulting (and what kind), courses, P**N

I read some crazy stories about people regularly pulling 5-figures a month with what appears to be low-effort gigs, I give you a practical working example I just stumbled upon very today:
https://www.bbc.com/news/magazine-38168281
if someone has more or at least knows where to find good tutor(ials) about how to set up a working and cash-generating prototype of just about anything I am more than willing to listen..
Thanks
Click to expand...
study hard for 10 years -> work like there's no tomorrow for next 15 years -> then bump your work weeks from 80 hour weeks to 85 hour weeks like Elon recommended :D -> hire talented people and kick lazy ones quickly out from your startup/business, have no mercy, too many people are dumb or lazy or both -> find good business partners and never trust anyones words or promises, not irl and not online [duuh smi(&% ] put everything on paper always -> keep up the 85 hour weeks with occasional 90 hours here and there [use everything for work, your phone, your smart watch, your earphones, when you swim at the pool, when you're in traffic, when you're sleeping, learn-learn-learn-work-work-work communicate and keep learning, you can even learn from fake news, by learning I mean understand the world around you, what happens in the world and in businesses in economies in politics in science] then keep communicating with like minded people (but still don't trust anyone! just keep learning) and of course contribute to others learning too, share what you know, exchange knowledge. But most important take care of your health! hap¤#" lol, that's my 2 cents.

ahah and the P**N is a good idea you have, to go on onlyfans as a last resort rof/%
(jk I know you mean producing/selling but I always feel the laughs from the idea of onlyfans as an option available to anyone anywhere ki#¤%rof/%).
 
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