High Earning Industries Like Affiliate Marketing? (31)
A year ago I didn't know about affiliate marketing and stm, so I'm sure there's other communities I'm missing as well now.
I'd like to hear your opinion on other high earning industries that have a relatively low barrier of entry.
I've heard investment bankers and hedge fund managers make a lot of money, but I'm guessing they need a lot of qualifications.
My question is, what other communities you can think of that have hundreds of people make 4 figures/day?
great thread
i can tell you that organizing big concerts and big parties, you can make that and more - but you can also lose way more than affiliate marketing
Corporate consulting.
Prostitution.
I've only done the first one, but both or somewhat similar.
Originally Posted by mindfume
Ahahhahaha
Originally Posted by iAmAttila
It's that way because: you have to make a good brand, you'll eventually lose money in little things that'll generate big losses etc... Also, I don't know which festivals you're talking about, (I'm talking EDM ecc..) but margins aren't really that high compared to other industries.
I know you've organised festivals, also I did, so I'd like to hear your own opinion. I'm just stating facts that I've seen happen over and over again, from festivals organiser here in Italy to friends I've in the largest EDM festival organisation in the world. I'm not saying it's impossible to be profitable from party #1 - it's a lot less common!
PS: Would love to talk about this with you someday - it's what I want to do beside AM.
Originally Posted by tim roth
The newbies think traffic source to lander to offer is the way.
But in reality there are tricks here and there in the funnel for the real roi no one talks about. Same goes for parties
Originally Posted by iAmAttila
Trading Forex
Playing poker online.
Check out - http://www.twitch.tv/directory/game/Poker
Often you'll see players winning (and losing) $XX,XXX every hand (so about a few minutes on average). Biggest winner I saw there was about a month or so ago when a dude from the Netherlands won a tournament for over $100K after like 45 minutes. You don't need multiple PhDs to get into the poker scene but the rewards (if you're good just like in affiliate marketing) can be HUGE!
Originally Posted by iAmAttila
The newbies think traffic source to lander to offer is the way.
But in reality there are tricks here and there in the funnel for the real roi no one talks about. Same goes for parties
Sourcing your own products from manufacturers -> Wholesale or Retail (direct to customer)
You can get started with little money and build a solid business, even a brand from it.
Just to put some context to the above:
A while ago, I attended the Hong Kong Fashion Week. Some of the exhibitors were providers for big "haute couture" brands: Valentino, Armani, Chanel, etc. These guys were all about business and mostly into accessories: scarfs, brooches, wallets, pouches, etc. Let's say the wholesale cost of a product that was on retail for 700-1000u$s was around $50-$70. I know there's a lot of added value to a brand, but this is just an example of what can be done in a smaller scale if you can reach a certain target market.
Now, generic screen protectors for mobile phones, come in packs of 2 or 3, with a nice little cloth and instructions. You can source them individually for 0,03$ each. Then add packaging and make it look pretty, sell it for $10-$15.
Any tech accessory you can think of, costs peanuts to make and source compared to it's retail price.
The entry barrier is very low, and granted you can get the customers, the profit margins can be very high.
SaaS models are quite profitable once setup and marketed well.
Originally Posted by badimo
Most industries can be high earning if you become an authority or innovator within it.
SEO/SEM/CRO consultancy, education and products.
Wedding photography
https://www.youtube.com/watch?v=UksbnbWjbPs
Consulting specialist knowledge, but you're going backwards if you take this road. Forget money, a fool and his time are easily parted.
I would say real estate investing and value investing can drive nice returns. These are both more long term, though.
Software is great if you can pick a smaller industry you know a lot about or are incredibly interested. You'll need to solve specific, real problems.
Hi IAmAttila, Can you give us some clue? 
- Mobile applications
- Funny videos/pictures/memes sites (9gag for example)
- Social media (Facebook fan pages with funny content, motivational quotes, etc. for example)
Bonus points for all combinations of the above.
Penny stocks. Similar to affiliate marketing in many ways.
Originally Posted by kidnico
Originally Posted by jjbachiller
When I was doing dating on FB, I knew of one competitor whose lander looked weird, I clicked to the offer but was still on his domain. I put in a 10minutemail.com email address (to test wtf was happening) and it subscribed me to 4 different offers for my geo. If a horny dude is in the mood to double-opt-in, he will do it to all 4 offers, and that is $20 instead of $5 for the affiliate. It also means worse lead quality, and this is why networks are sick and tired of the tricks, which is why they need ID when we sign up, and hold payouts pending lead quality more often.
Cloaking and funnelling traffic to monetise the "I didn't target that geo..." traffic are both ways to be inventive. Cloaking is not even frowned upon anymore, it's expected and part of the game. It doesn't have to be "shady" cloaking, there are legitimate reasons.
Anyway, do it clean and kill it. Spy & build your competitive advantages -- payouts, offers, news, trends, team.
Originally Posted by tim roth
Originally Posted by redrummr
When I was doing dating on FB, I knew of one competitor whose lander looked weird, I clicked to the offer but was still on his domain. I put in a 10minutemail.com email address (to test wtf was happening) and it subscribed me to 4 different offers for my geo. If a horny dude is in the mood to double-opt-in, he will do it to all 4 offers, and that is $20 instead of $5 for the affiliate. It also means worse lead quality, and this is why networks are sick and tired of the tricks, which is why they need ID when we sign up, and hold payouts pending lead quality more often.
Cloaking and funnelling traffic to monetise the "I didn't target that geo..." traffic are both ways to be inventive. Cloaking is not even frowned upon anymore, it's expected and part of the game. It doesn't have to be "shady" cloaking, there are legitimate reasons.
Anyway, do it clean and kill it. Spy & build your competitive advantages -- payouts, offers, news, trends, team.
When you are starting and only have loosing campaigns, one after another you start to search for something more, some secret you still don't know... But surely if you keep trying it clean, finally achieve it.
It is a matter of time, thanks!
Originally Posted by kidnico
Tim Sykes is making $10 mil + per year, from selling his trading courses, not from trading penny stocks.
Originally Posted by no1d
I'm a lot ignorant though - so please correct me if I'm wrong - but would it be difficult to identify possible schemes with his strategies? (Analyzing sec reports etc...)
I mean - theoretically it sounds proven?
To disclose: I've never tried penny stocks so I'm not the right guy to ask if Tim is legit or not. I only see some similarities to AM thats why I mentioned it.
As far as I understand, I'd say 95% of penny stocks are just scams trying to bump their prices and if you buy them in the right time and sell them when they are at the highest price (they are always creating a buzz in the media with pr articles etc.) than you might get some profit. But, I don't know how doable this is in practice.
any industry you get paid for results and not being paid for your time
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