Archive for March 2008
My Site
My niche site has been making around USD100 per month for me so far. Anyway, the stats is for the past 2 months only. Haha. I need to scale up… hmmm.
Recently, got hooked on eBay. Started selling stuffs. I must say eBay is the fastest way to earn your 1st dollar online. The moment I get started, I earn money. And I was selling stuffs that I don’t need but they are brand new items.
But it was quite competitive selling physical items. I wonder how can people selling stuffs so cheaply online with cut-throat prices. That’s the main disadvantage selling physical items – competitive, price slashing. Especially now with the greenback’s falling rates, it’s not to international sellers’ advantage. However, it’s easier to sell physical products compare to digital products. They have a higher perceived value. So, buyers will not think twice about buying if he likes the product.
eBay is fun to me. But if i want to be earn a lot more in the long run, I need to have my own niche products and get from wholesalers or suppliers. That’s what I have yet to do it. But one thing for sure, I don’t want to deal with stuffs that have various sizes. Too much of a hassle and adding up the labour cost, the margins are not high. Not viable for me.
Been reading a new book borrowed from the library – The Google Story.
Simply amazing. They are extremely smart. PhD students from Stanford before dropping out to concentrate on their business. They have no intentions to make any money from Google when they started. Adding values to people’s life is their main objective. Money comes in second.
Food for thought….
I am addicted
Yes! I am addicted to selling on eBay!
I know of a powerseller who says that it’s fun to sell on ebay. I always thought, how fun can it be? In fact, I always wanted to sell stuffs on auction sites like Yahoo or ebay, but in the end I procrastinated. After a few long years, I finally get started.
Right now I only managed to sell 2 items and both are digital items. I have yet to sell a physical product yet, but there has been a bid so far. So, if nothing goes wrong, the item will be sold and I can ship it to US. Yeah, and it will be my first virgin shipping to overseas.
I have 10 listings now… So I am waiting to see how it goes. Stuffs that seem junk to you may be worth gold to somebody else. I put up my Tiger beer coaster for sale… and it has one bid so far. That got me so excited when I first saw somebody is bidding it.
Well, listings cost money…. but it’s a small sum to me. Even if my items never sell, it will still be a good hands-on experience overall. Anyway, which business don’t need capital and don’t carry risks? The most basic listing just cost $0.15 each. Compared that to any traditional brick-and-mortar store, it’s really risk-free isn’t it? Hahah.
I guess I will addicted on ebay for some time.
The way i do things
Sometimes I do things differently and I do different things. That’s what make me different from most of the undergrads in NTU.
I may not be the smartest or get what-stupid-scholarships. I used to envy people who are scholars or those who never ever get below B+ in school. Because I can’t get them. Haaa. But now I don’t. I pity them instead. Why? The more they are into academics, the more they will be employees for the rest of their life working for people that are less smart than them and getting a pathetic pay.
Ok… maybe earning $5000-$10k per month may sounds a lot to an employee… but that’s really peanuts to those who have their own business. Alright, to be frank it’s a lot to me right now… but I think their value is much more than that.
To me, the most important thing is being happy. That is what I am aiming for. Happy to go lim-kopi whenever I want to, wake up at anytime I want, doing “work” that made me happy, not squeezing with people in mrt and buses. That’s the reason why I wanna earn big bulks. Not because I can buy a lot of stuffs, but because of the freedom and happiness i can bring me.
Ok… some might say being rich may not give you happiness, but a lot of problems. I would say, “You think poor people no worries?” They have to worry about bills and school fees. I rather be rich with problems than poor with problems.
If you are working as an employee and working 10 years down the road and you say you are very happy with your life… then that’s good. It doesn’t matter, as long as you are happy. That’s what I think. But if people complain about little pay, very stressful, no life, hate to squeeze mrt… then they better find a way to get out of the rat race and get out of it.
In my opinion, only running your own business can get out of the rat race. Aim for the freedom and happiness… Most probably, you are doing something you like in your own business.
I talked as if I have made big bucks already… Haaaa. But that’s me. I always have this goals in mind and will achieve that. But I guess I have to be an employee for the time-being. The money I made online can’t sustain me for a full-time living yet.
I don’t know what I am typing in this post. I just type whatever that came to my mind.
To all those scholars! I pity you guys! I can foresee >90% will not be happy in your work in 5 years time. Don’t be naive that getting superb good grades will get you somewhere, work in big companies and getting huge pay and be there for the rest of your life. That may work way back 20 years ago. But not anymore. People need to wake up.
But people don’t wake up also good to a certain extent. less competition for biz owners. Hahahahha.
Am I really catching up on age?
Well… I guess I am.
I can no longer eat as much as I used to be.
When I was <25, I can eat KFC’s 2 piece chicken meal and still feel hungry.
Now, I feel bloated after eating the same meal.
I could eat 2 big bowls of rice while I was <25
Now, after eating one bowl, I can feel my stomach has expanded.
I used to finish my Cafe Cartel meal feeling just nice.
Now, I can barely finish them up.
How’s that.
Life after 25 aren’t gonna be the same again.