I'm getting hammered with ads for those passive Amazon stores. Looks like the investment is $30-50k. Anyone have any experience with them.

https://www.junglescout.com/resources/articles/how-to-make-passive-income-on-amazon/

The money is in teaching other people some money making skill.

I want to open an aggregator for aggregators for hotel aggregators.

moses1084ever said:

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Always go meta, bro. Go one step higher.

For example, it used to be great living to be a life coach. Now you gotta be life coach for life coaches, or even a life coach for life coaches who life coach people.

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themissinglink said:

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No kidding. If people devoted the time they spend on "side-hustles" to their 9-5 jobs, they'd probably double their comp.

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I don't disagree. In my situation, I got a decent full time gig. I'm trying to up my passive investments to help me with cash flow in retirement. Typically, I do these through real estate investments, but those have been dry for the past 12-18 months. I need to get my annual allocation out, so I'm looking for other passive gigs.

Flashdiaz said:

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themissinglink said:

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No kidding. If people devoted the time they spend on "side-hustles" to their 9-5 jobs, they'd probably double their comp.

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would they though? Not all corporate jobs adequately compensate extra hard work.

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I'm making a very general statement, but I think for most people, a mastery of their current role and showing some ability to perform their bosses role will lead to a promotion (at their existing company or elsewhere). Not immediate, but over time, I think most people would be better off just working harder at their existing job. Especially give that most of the side-hustle marketing is geared to low/middle income people. Plenty of exceptions to that though.

Flashdiaz said:

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themissinglink said:

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No kidding. If people devoted the time they spend on "side-hustles" to their 9-5 jobs, they'd probably double their comp.

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would they though? Not all corporate jobs adequately compensate extra hard work.

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Well if you're going to put the sweat in for the side hustle why wouldn't you take a risk and work for a private firm/go into some form of business for yourself full time?

From my short career experience that is the only way I've seen being able to amass real wealth unless you are the very small demo that actually "climbs the corporate ladder"

Working for a huge corp sounds miserable.

Whatever you do… don't do these.

It's pitched as 'done for you'. That's cute and all, but you'll have more of a headache once shtf with your store.

First of all, dropshipping is against terms of service on amazon. You WILL get suspended or terminated as a seller by Amazon. These marketing clowns pitch that they 'know someone at amazon'. All full of sh!

When your amazon store gets suspended, they withhold all your money and you're stuck holding the bag to the tune of a massive cc bill to pay off.

I did one of these in 2019, after numerous suspensions and headache, I finally just shut it down. I got lucky and got paid out before my suspension. I almost got stuck with a 75k cc bill…

These guys are just good at marketing. They outsource all operations overseas and don't actually know a damn thing about how to run a store.

Save yourself the trouble, get into real estate and buy some rental property.

themissinglink said:

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Flashdiaz said:

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themissinglink said:

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No kidding. If people devoted the time they spend on "side-hustles" to their 9-5 jobs, they'd probably double their comp.

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would they though? Not all corporate jobs adequately compensate extra hard work.

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I'm making a very general statement, but I think for most people, a mastery of their current role and showing some ability to perform their bosses role will lead to a promotion (at their existing company or elsewhere). Not immediate, but over time, I think most people would be better off just working harder at their existing job. Especially give that most of the side-hustle marketing is geared to low/middle income people. Plenty of exceptions to that though.

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You can do both. Show a mastery of your role to get promoted and do side gigs to increase income. It doesnt have to be one or the other. Ive gotten steady raises and promotions throughout my career while also bringing in a few thousand every month from side gigs.

Also, not every promotion is worth it. Ive seen a lot of examples throughout my career where theres a 10% increase for 20% more work and responsibilities. No thanks.

WestHoustonAg79 said:

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Flashdiaz said:

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themissinglink said:

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No kidding. If people devoted the time they spend on "side-hustles" to their 9-5 jobs, they'd probably double their comp.

---

would they though? Not all corporate jobs adequately compensate extra hard work.

---

Well if you're going to put the sweat in for the side hustle why wouldn't you take a risk and work for a private firm/go into some form of business for yourself full time?

From my short career experience that is the only way I've seen being able to amass real wealth unless you are the very small demo that actually "climbs the corporate ladder"

Working for a huge corp sounds miserable.

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Pretty much anyone breathing can bring in a few thousand extra every month by driving for Uber or waiting tables or something. Not everyone has the smarts and capabilities to start their own business, and bring a product to market.

Depends what you define as real wealth. You can retire a multi millionaire by working for a mega corp just by saving and investing aggressively. Ive become a millionaire in my 30's by working for large corporations. Yes, it can be soul sucking lol, but the income and benefits allow me to have a pretty nice life, and Im on track for early retirement. The side gig income also helps a lot.

Yeah, I started this thread after seeing a lot of the same ads you probably did. And I mean A LOT. That, plus "get my free ebook on realestate investing."

https://texags.com/forums/57/topics/3456540

This is spot on. It's how every MLM/Pyramid Scheme works. The Superstar Director Platinum Elite makes their money by selling "tools" to the aspiring entrepreneur. Not saying that the OP is talking about a pyramid scheme, but this sounds pretty similar.

Proposition Joe said:

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Petrino1 said:

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WestHoustonAg79 said:

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Flashdiaz said:

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themissinglink said:

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No kidding. If people devoted the time they spend on "side-hustles" to their 9-5 jobs, they'd probably double their comp.

---

would they though? Not all corporate jobs adequately compensate extra hard work.

---

Well if you're going to put the sweat in for the side hustle why wouldn't you take a risk and work for a private firm/go into some form of business for yourself full time?

From my short career experience that is the only way I've seen being able to amass real wealth unless you are the very small demo that actually "climbs the corporate ladder"

Working for a huge corp sounds miserable.

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Pretty much anyone breathing can bring in a few thousand extra every month by driving for Uber or waiting tables or something. Not everyone has the smarts and capabilities to start their own business, and bring a product to market.

Depends what you define as real wealth. You can retire a multi millionaire by working for a mega corp just by saving and investing aggressively. Ive become a millionaire in my 30's by working for large corporations. Yes, it can be soul sucking lol, but the income and benefits allow me to have a pretty nice life, and Im on track for early retirement. The side gig income also helps a lot.

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Yeah, I think the entrepreneur life gets glamorized a bit too much. Sure it can be rewarding, and personally I don't think I could ever work for a "soul sucking corporation", but at the same time the tradeoff for that is the guy putting his hours in at a corporate job typically has set vacation, set working hours, great health insurance, and likely a career salary path where assuming they are employable they know what they will be making 1-3-5-10 years from now. There's major upsides and downsides to both paths.

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Both fair points. Non salary jobs certainly aren't for everyone. Also, if you go the route the previous poster said, you end up having an amazing set up in a great suburb with 10/10 schools etc.

It all makes so much sense to me. I can see how my post came out crass.

I just don't think I could deal with Office Space in real life. I've non salary for so long it's second nature to always be looking for the next deal or thing to put together. Couldn't go back is all I guess.