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An Online Investment Opportunity

This blog is dedicated to making money online. I will personally be trying new ideas and joining new programs in hope of turning a profit. This is not a get rich quick opportunity. This is a trial and error blog documenting my experiences and opinions about my investments. I will start small, and hopefully one day will reach my ultimate goal of profiting $100 USD a day from the internet.

 
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Contact me for info at hgudan@yahoo.com

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Selling Wholesale
Wednesday, August 30, 2006
In reality, wholesale tends to be the first online money making idea that pops into people's heads. At least I know for myself it is. I always had the idea of selling wholesale in the back of my mind, but I never fully followed through for I feared the initial startup cost. After having some downtime, I decided to do some research on the subject. Through my research, I stumbled upon a process known as dropshipping. It's where you sell items for whatever price you want, and then when someone purchases them, you buy them at wholesale price and the company ships it for you! That means ZERO inventory and ZERO initial financial resources. I looked into the most commonly, and free membership, dropshippers and found that all of their items are saturated on eBay at prices that leave you with negative profit. After talking to a close friend, I was directed to Salehoo. At first I was turned away form the $50 membership fee, but then I realized that with a membership, Salehoo can keep their products more exclusive. This ultimately means less competition and more profit.


I joined SaleHoo to help grow an online "business". I felt like I was stumbling in the dark, not knowing where to look, what to do or how to do it. The directory is great. There are tons of wholesalers to choose from, and more are being added all the time. When I was first getting started, I felt alone in the battle. SaleHoo's forums took care of that! The forum has taught me a lot. It's a tight knit group that always has room for more. We share experiences, warn of scams, listen when someone needs to vent frustrations, help each other out, and want everyone to succeed. Its like having your own personal cheering section. Through some searching on SaleHoo's directory, I was able to find a body jewelry supplier with very cheap prices. I purchased some to sell both online and off, and three days after receiving the product, I'm already making money. SaleHoo doesn't offer "Get rich quick" or any other gimmicks. They just give you the tools to build the business you're willing to work for. Stop stumbling in the dark like I was... JOIN SALEHOO and let all of us help you succeed too!
posted by bizventure @ 12:41 AM   0 comments
Ralf-Finance in Shambles
Wednesday, August 16, 2006


It's been nearly two months since I started "investing" with Ralf-Finance, and things were looking very promising. I developed a passion for learning and investing in HYIPs. I soon realized that if you get in and out at the right time, there is great profit to be made. However, determining such entry and exit points is not only very difficult but risky. I was on my last investment with Ralf-Finance before I was going to withdraw. I was in the 14 day plan and had 5 days left before the expiration of my contract. The next day I awoke to find the site was down. Ralf informed the public that they were switching databases and there was nothing to worry about. All of their investors were getting skeptical. One week later, to everyone's surprise, Ralf-Finance was back online and paying! However, I still had 5 days remaining in my contract. I patiently waited to withdraw my money and move on.

However, 2 days before my contract expired, an individual had turned in Ralf-Finance as thieves to their payment processor (e-gold). Ralf could no longer pay their investors for e-gold froze all assets in their account. To this day, for nearly a month since the incident, Ralf's website is still up and running but members are unable to withdraw any money. Ralf claims to be making payments later this week, but I have little hope in their statement.

Final Thoughts: I really thought I was on the right track with HYIPs, but now I know I wasn't. HYIPs can be very profitable but they can't be read as easy as I had imagined. You can't simply invest a large amount in one plan and move on. Not only are you running the risk of them shutting down and packing up, but also the risk that they may choose not to pay you on your large investment. HYIP investing is not only illegal but immoral. They are ALL ponzi scams and if you do make a profit it is stolen money from others. You also have to deal with that hollow feeling in your stomach everyday hoping they don't run with your money. I am now going to rethink my objectives and new ways to achieve them. But this has set me back quite a bit financially

posted by bizventure @ 12:31 PM   1 comments
About Me

Name: bizventure
Home: Illinois, United States
About Me: I'm a college student determined to earn some money on the side. Maybe I can help make you some money as well. I am studying to be an actuary and am enjoying the challenge.
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