Things not to do on the internet as a small time business owner

dacrazydeafdawg

Star
Registered
Feel free to add on or to talk.....

I own a nice side business that brings in a five figures per week income.....

Starting my side business wasnt easy and I want to pass on some priceless advice (mean it cost me but it wont cost u :lol: )

NEVER EVER send $ via Western Union to a supplier

U will get burn faster than catching Syphillis from the stripper from Magic City!!

A real business owner will not insult you by asking u to go to a Western Union to wire some money...... u are better off giving away $ to a charity... dont be a sucker.

If they demand a western union - then say nope on to the next one...

the best way to pay is via credit card
the second best way is via PayPal
the third best way is via Bank Wire Transfer

However the smart way is to establish a relationship with a supplier by having a contract in place doing a net 14 days terms with a discount if u pay it off in a certain time frame upon delivery of the goods.

I could go on but it almost midnight and I have been putting in 20 hours day.....

Remember this......the world is larger than your block........and everybody needs something......

Find a demand and meet it - the hard part is finding a connect to provide what u want

Treat the shyt like the drug game and be on top but dont worry the Feds wont come unless u dont pay your taxes

and here is a freebie.... U pay tax on your net income....

COG - markup= net income is taxable..... dont fuck with the IRS u saw what happened to Blade......:smh:

but before u dip into e-commerce - create a business plan first
then a marketing plan

u can start an ecommerce for under $500 to $1000 and like the drug game u built your way to the top....

aint nothing like waking up in the morning to $$$$ in your PayPal account

The only reason I work is I like being around people and I like my company's health insurance.....

but my cpa and bizness attorney keep telling me to get a health insurance plan for my company so i dont have to work... but we shall see.....

to my fellow $$$ people --- does $$$ change u or does $$$ change people around u??

i remember my first sale - i net $15,000 I was so nervous that I thought I rob the bank lol but seriously it was a rush........ but i dont understand why I get that rush every morning it like $$$$ is my new drug......

anyway let me stop ranting and raving....

but remember flip that $$$$ into mutliple stream of income... (dont put all your eggs into one pile)...


:dance::dance::dance:
 
Back
Top