- Joined
- Jun 11, 2019
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- 215
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Hey there! Allow me to both inspire you and fuel my motivation on my journey to achieving $10,000 a month. Will it be challenging? Absolutely. Have I done it before? Hell, Yes!
The background story is quite extensive and can be skipped, as it primarily highlights the numerous possibilities the Internet offers for making money.
Background:
I'm a 28-year-old from Germany, and English is not my native language, so I apologize for any minor mistakes in advance. Another noteworthy aspect is that I'm a bit lazy. Unorganized and lazy, to be precise, which is the reason for starting this thread in the first place – to keep things organized and maintain my motivation through social pressure.
I stumbled upon the realm of making money online in early 2020 due to my reluctance to engage in a traditional job alongside university commitments. I experimented with various ventures, such as Twitch streaming, selling perler art on Kickstarter, and growing Instagram accounts. While each showed some success, none reached the level of sustaining a living. In May 2020, I delved into buying shoutouts from influencers and fan pages on Instagram, coupled with dropshipping and shirt fulfillment sites (Teezily, Teechip, Teespring, Viralstyles), and it took off. Working just 10 hours a week, I raked in around $28,000 in September 2016 alone, setting a personal record.
The niches I operated in gradually declined, and after Instagram's timeline change in 2021, success became more sporadic, prompting me to discontinue. Instead, I ventured into buying two Instagram accounts, each with 400k followers, for $600 per account. After a few weeks, I sold them for $4,500 and $8000, respectively. Currently, I still engage in occasional buying and reselling of Instagram accounts.
In mid-2022, I had the opportunity for an over-the-counter deal for Iota at $10,000 for 1 TI, which I declined based on my ex-girlfriend's advice. In November 2022, this decision proved to be a significant regret, as it would have been worth $5 million.
In 2022, following a breakup, I embarked on cryptocurrency investments with an initial capital of $5,000. I engaged in day trading, market making on smaller exchanges, and translating ICOs from English to German. Within six months, my initial investment grew to $60,000. However, during a major market crash, I experienced a loss of $30,000, leading me to cash out the remaining $30,000.
Towards the end of 2022, I launched an Etsy shop selling shirts, which recently achieved 4000 sales. Additionally, a few weeks ago, I started another Etsy shop that has already reached 100 sales.
Having earned my bachelor's degree in mid-2022, I've spent the subsequent years indulging in a leisurely lifestyle, avoiding work, and enjoying social activities. I currently dedicate around half an hour a day to maintain the Etsy shops. However, this status quo needs an immediate change.
Presently, let's assess my current income.
Etsy Shop 1:
Earnings: Currently selling approximately 10 shirts per day, with an estimated profit of $6 per shirt after factoring in all fees (exact profit margin uncertain). 10 x 6 = $60 per day, totaling around $1,800 per month.
Etsy Shop 2:
Earnings: Approximately 1 shirt sold per day, resulting in approximately $180 per month.
Combined Income: ~$2,000
Monthly Expenses for Both Shops:
So, with Etsy alone, I'm generating approximately $2000 a month, and it only requires around half an hour of my time to answer questions and fulfill orders.
I also own four Instagram accounts, ranging from 5k to 40k followers. However, all except one account are inactive, with the active one being managed by Jarvee.
Plans:
Here it becomes a bit challenging because I have numerous ideas, and I'm uncertain where to start and what to prioritize.
I will provide updates to this thread every 1-3 days, sharing my actions, raw numbers, and answering any questions you may have regarding Instagram, Etsy, Cryptocurrencies, account reselling, and other topics of interest.
The background story is quite extensive and can be skipped, as it primarily highlights the numerous possibilities the Internet offers for making money.
Background:
I'm a 28-year-old from Germany, and English is not my native language, so I apologize for any minor mistakes in advance. Another noteworthy aspect is that I'm a bit lazy. Unorganized and lazy, to be precise, which is the reason for starting this thread in the first place – to keep things organized and maintain my motivation through social pressure.
I stumbled upon the realm of making money online in early 2020 due to my reluctance to engage in a traditional job alongside university commitments. I experimented with various ventures, such as Twitch streaming, selling perler art on Kickstarter, and growing Instagram accounts. While each showed some success, none reached the level of sustaining a living. In May 2020, I delved into buying shoutouts from influencers and fan pages on Instagram, coupled with dropshipping and shirt fulfillment sites (Teezily, Teechip, Teespring, Viralstyles), and it took off. Working just 10 hours a week, I raked in around $28,000 in September 2016 alone, setting a personal record.
The niches I operated in gradually declined, and after Instagram's timeline change in 2021, success became more sporadic, prompting me to discontinue. Instead, I ventured into buying two Instagram accounts, each with 400k followers, for $600 per account. After a few weeks, I sold them for $4,500 and $8000, respectively. Currently, I still engage in occasional buying and reselling of Instagram accounts.
In mid-2022, I had the opportunity for an over-the-counter deal for Iota at $10,000 for 1 TI, which I declined based on my ex-girlfriend's advice. In November 2022, this decision proved to be a significant regret, as it would have been worth $5 million.
In 2022, following a breakup, I embarked on cryptocurrency investments with an initial capital of $5,000. I engaged in day trading, market making on smaller exchanges, and translating ICOs from English to German. Within six months, my initial investment grew to $60,000. However, during a major market crash, I experienced a loss of $30,000, leading me to cash out the remaining $30,000.
Towards the end of 2022, I launched an Etsy shop selling shirts, which recently achieved 4000 sales. Additionally, a few weeks ago, I started another Etsy shop that has already reached 100 sales.
Having earned my bachelor's degree in mid-2022, I've spent the subsequent years indulging in a leisurely lifestyle, avoiding work, and enjoying social activities. I currently dedicate around half an hour a day to maintain the Etsy shops. However, this status quo needs an immediate change.
Presently, let's assess my current income.
Etsy Shop 1:
Earnings: Currently selling approximately 10 shirts per day, with an estimated profit of $6 per shirt after factoring in all fees (exact profit margin uncertain). 10 x 6 = $60 per day, totaling around $1,800 per month.
Etsy Shop 2:
Earnings: Approximately 1 shirt sold per day, resulting in approximately $180 per month.
Combined Income: ~$2,000
Monthly Expenses for Both Shops:
- Design outsourcing via Vexels: $15
- Creating mockups via Placeit: $30
- Printify premium plan: $35
- Etsy Rank for tracking competitors: $12
- Susocial: $40 (for Etsy Shop 2)
So, with Etsy alone, I'm generating approximately $2000 a month, and it only requires around half an hour of my time to answer questions and fulfill orders.
I also own four Instagram accounts, ranging from 5k to 40k followers. However, all except one account are inactive, with the active one being managed by Jarvee.
Plans:
Here it becomes a bit challenging because I have numerous ideas, and I'm uncertain where to start and what to prioritize.
- I experimented with a fanpage shoutout this week, selling hoodies.
- Expenses: $16
- Revenue: $139
- Profit: $120
- To validate that this method is still viable, I attempted a second shoutout on my inactive 40k fan account and earned $30 from a single ad.
- Enhancing the Etsy Shops:
- Utilizing PVA accounts:
- Exploring a Dropshipping Niche:
- Viral Idea with a Friend:
I will provide updates to this thread every 1-3 days, sharing my actions, raw numbers, and answering any questions you may have regarding Instagram, Etsy, Cryptocurrencies, account reselling, and other topics of interest.
