Quote:
Originally Posted by thommy
thatīs more or less correct
and exactly here you see things wrong.
imagine you are a billionaire and you want to invest your money in something that is more profitable than stock market or anything else.
did you caclulate the REAL interest rate on that?
it is not 10% per month - so 120% interest per year.
it is MUCH more as this guys are playing again and again with the SAME money they have played the month before. so depend how much one will reinvest he will end up with such a huge profit as you can not even imagine or do in ANY other biz.
I know media buyers that have started with 10 k borrowed from the grandma and they play now with 100-200 k per month as they reinvested all in the first year and after that they reinvested the half of the profit.
there is no bigger biz around than that and this is why there is so many money in it.
ask a bank on what you can get 120% or more profit - they will not have an answer.
but ask a billionaire if he will invest on 20% and you know how to make money in this biz he will shit his money on you - always assuming that you know the business, the tools and the market
YOU do not have to scale or invest nothing because you are far too late to learn
this tricky biz and as you need your time to maintain a product you do not have the time to learn it.
all what you have to do is to give this people who are doing this biz already the options they need and THEY will invest and not you.
i know that does not sound too nice but true words are mostly not nice and nice words are mostly not true.
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No worries, I am a New Yorker and I am used to not nice words. LOL Besides, I am just trying to learn here so thank you for your responses.
But I would then ask: how does this person with 10K from Grandma do this from scratch with little to no knowledge of the game? He would burn through that 10k in a couple weeks before he learned enough/failed enough to get good at it.
I understand what you are saying but, as always, I only really care about how MY BUSINESS can grow, and I do not see a way our business models could merge strategies. If I wanted to be a media buyer pushing dick pills and cams then maybe I would care more but that is not the life I want to live. I want to sell something, not jiggle margins like a day trader. But hey, to each his own.
PS: I'm not a billionaire.