I think this is a good path to longevity not necessarily to speed. I might make a video on what I've noticed about what I call the "new rules of success". You can work 10x as hard and get half the results by pursuing something where the tide isn't rising in your favour.
Am a developer who has had experience with Affiliate marketing and Media buying and your take on those topics was no fluff. You are really putting in the work man. Salute!
Hey Michael, big fan and subscriber.. So based on your experience with clients the most successful ones are those who created their own product and brand?
Been watching your videos as planning on going at least semi off or midshore - and this one has been the decider on joining your forum. As an affiliate, copywriter AND media buyer it's great to know you know the field!
Thanks buddy. I actually think residual shouldn't be the focus it's the wrong approach. Residual or not should be incidental and secondary to the business. The foundation should be what is good for the customer, then taking that and optimizing it for profitability. Often what's best for you isn't best for the customer and in those cases I think it's always best to follow the customer.
@@MichaelRosmer Customer satisfaction is the foundation of every business I create Micheal. The customer is always first to me. Even over profit. It is crucial to me I serve the customer and exceed value whether in service or product. I can't or will not do it any other way. I sleep well at night knowing I do people right. This being any business model, even a residual based one. The money is never the priority to me when doing business, I take care of the customer and exceed the expectations and the money always follows. That foundation has never failed me.
My close friend has a successful e commerce brand and he makes over 300k per month! He’s crushing it. It took him a couple of years to get to this point, and while most of his friends were in uni he was building his empire. He’s quite young. Young + rich = formula to happiness 😁
Yeah online business are the future for sure. I LOVED this video, glad you’re talking about these things. I’m sure it will be useful to many of your viewers! Actually the richest person I know has been doing online marketing for years. :)
Copywriting sounds like an interesting option that I was surprised you mentioned and that I'd never really considered until just now. Anyone have any thoughts about how to get started or beginner courses or resources that people recommend to learn a little and discover if copywriting is something that one might be/get good at?
Copywriting can be a bit of a beast to master but I think a very good low barrier primer is to read the book Cashvertising. I think the magnum opus on the subject of you can find a copy, I was fortunate enough that a friend had a copy custom printed for me is Breakthrough Advertising by Eugene Schwartz but it's not for the faint of heart. Aside from that there are a lot of forums, Facebook groups, and RU-vid videos on the subject. My suggestion is to get involved in some of these groups where you can have people critique your copy writing. Also even volunteering to do the copy writing for some small businesses where you can get access to the data to test assumptions for instance open rates on email newsletters, click through rates, etc.
@@MichaelRosmer Thank you for the reply and suggestions! I'll dig a little deeper and see if copywriting might be something to learn more about as a side income source. Cheers
With some background in stats, then you can combine day trading & software development by doing algotrading. Data is relatively cheap now, and there are several platforms and tools you can leverage. I think it would be ideal for anyone who has gone through grad school in a technical field like engineering, stats, physics, or computational mathematics.
Hi Michael, can you please recommend an EUR stable coin? There are some, but are they any good? Do crypto to stable coin sales trigger a taxable scenario in Germany?
That's a good question, I don't really use any EUR stablecoins as they aren't very liquid. I mostly use Dai is I'm holding money, USDT and BUSD if I'm trading on Binance or BSC
@@MichaelRosmer Thank you. I read that Tether got bad press because the coins were not backed by enough collateral. How comes that you hold in USD coins? Do you know about the tax events?
@@watzbaer tether isn't transparent so the thing is you don't know. I only hold USDT for trading otherwise I'm a huge fan of Dai. As for tax that depends by country
I took an online course from Frank Kern many years ago. One sentence stuck: "Give people what they want and they'll give you what you want". After basic needs such as food, clothes and housing, what do people want? Basically 3 things: money, sex and power. That's it.
I find those types of abstractions overly simplistic to be functional. Like it sounds good on paper but tangibly what product or service does that mean you're going to offer? How will you differentiate? How will you market it? People tend to be type hyper specific about how they fulfill their needs and desires. For instance, I don't just want food I want a burger, I don't just want any burger I want shake shack. You don't just want to get from point A to point B you want a car. But you don't just want any car you want a Tesla or a BMW but not any BMW you want a 7 series. You can't infer these specifics from broad abstractions. Much better to focus on specifics than abstractions.
I have been trading futures for decades, never never never day trade, you will almost certainly lose, the current optimism and success is due to the false hope in many kids who have traded bitcoin this year, this is a one off and most of these naive kids will surely blow there accounts, you can't beat the big trading houses and their enormous resources
I've known people who have been trading their own accounts and beating the big trading houses for years. Mostly, the big trading houses don't do that well. I think they've got some structural disadvantages. It's definitely not an easy game and most blow up accounts and lose but some do extremely well and are quite consistent
I appreciate your videos and watch them regularly but you have a habit of really not say anything. Learn to focus your attention on what you should be saying. Maybe you should take speech or communication lessons.
What do you mean he doesn’t say anything? This guy says LOTS and I’m incredibly thankful for what I’ve learnt from him. He literally listed one by one industries where his top earning clients come from.
Nomad capitalist doesn’t know what he is talking about frequently. Anytime he opens his mouth about Canada he is generally wrong, which makes me sceptical about everything else he says. This guy started talking about dividend repatriation for foreign affiliates, gross ups and tax credits, etc. and was 100% bang on. I was impressed.
Loooool right. Here I can actually get some useful and practical info. Over there I just hear blah blah blah, nothing I can actually use. I prefer this channel 10000000 times.
