tag:blogger.com,1999:blog-8358039.post8180255647958131007..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: You Will No Longer Be Able to Make a Living Off of YouTube or Amazon AffiliateCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8358039.post-89382654232143664732017-04-07T17:47:19.862-07:002017-04-07T17:47:19.862-07:00I am a independent seller on Amazon but I could se...I am a independent seller on Amazon but I could see the hand writing on the wall so to speak I knew that eventually as we got nearer a recession things like this would change so I started my own eCommerce website last year. Didn't want to trust things I do not own or control for my income. My eCommerce is now bigger than my Amazon income so I have opened a second Ecom site. When I started selling on Amazon you could ship your products to Amazon's warehouse and they would fulfill orders for a fee but there was no storage fees, but that changed about 2 years ago, and Amazon started competing directly with there independent sellers so off to Ecom land I had to go. I will still sell on Amazon until that gravy train runs out. Most of these type of changes people who could not see it coming will bitch, but I say "Thank You Amazon For Showing Me The Errors Of My Ways!" Mr Coolhttps://www.blogger.com/profile/16453228591129550680noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-23729856135832034012017-04-07T08:50:54.623-07:002017-04-07T08:50:54.623-07:00Yep, especially Amazon is a bubble. At best Amazo...Yep, especially Amazon is a bubble. At best Amazon and Youtube are nice to have minor revenue streams, but, having other revenue streams also helps (ala Cappy). I have a friend who has become a serial entrepreneur over the past 30 years. His mantra is to have 3-4 income revenue streams, hence he currently owns 3 companies outright and is in a partnership in a 4th company. He had a "near" death business experience and learned from it quickly, and diversified from one revenue stream to three. What he did is called hustle and hard work.Jim Scrummynoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-31300725343133046072017-04-07T06:41:45.766-07:002017-04-07T06:41:45.766-07:00A lot of that ad money will be go to other channel...A lot of that ad money will be go to other channels. Those channels that don't talk about religion/politics will bank even more.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-49686799792703974862017-04-07T06:07:34.007-07:002017-04-07T06:07:34.007-07:00Thanks for the informative writeup Captain. I will...Thanks for the informative writeup Captain. I will shelve for now my youtube/amazon prostate supplement venture.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-31948091708194888142017-04-07T04:57:42.251-07:002017-04-07T04:57:42.251-07:00Spot on my Captain, I had a banking job which paid...Spot on my Captain, I had a banking job which paid $55K per year in 2000. The pay was screamingly out of proportion to what the same job paid in other banks in Delaware. A co-worker and I decided the job would not last. I bought 2 rental homes and he bought a vending machine business. Seven years later, the company was bought by FDR and our jobs were shipped to Omaha. I got another banking job paying about half of my former salary. We did OK due to income from the rentals. I was fired from the banking job and never went back. I fucking HATED banking with the idiot rules and procedures which were customer hostile. I simply hit the wall and could not work in banking any longer. <br /><br />So, where am I today? Sold one rental house and paid off my home mortgage ( Remember, food, water, shelter - everything else is gravy) One remaining rental is paid off, the other will be soon. I have a basic job in manufacturing which provides income and healthcare. <br /><br />My biggest mistake? I did not make extra principle payments on the rental mortgages when I had a high salary. Your comment about buying a $70K truck during good times was priceless. My second biggest mistake was taking a lot of abuse from bad tenants because I needed the money. I got rid of the assholes the moment the rental mortgage was paid off. I should have dumped them years earlier.Faithless Cynicnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-87696764213464062232017-04-07T04:19:21.959-07:002017-04-07T04:19:21.959-07:00Excellent points here are:
1. The platforms are ...Excellent points here are:<br /><br />1. The platforms are monopolies. Unless there's competition in the space, you'll have to deal with this. I wasn't even aware that YouTube was monetizing videos some years back because I used YT as a means of entertainment and, increasingly, education -- particularly about the Manosphere, SJWs, etc.<br /><br />2. What you did, Aaron, was, I believe, what should have been the case with YT all along -- as a means of advertising and direction to another service. Nothing more. You point potential customers to the service, instead of YT videos being the service.tpkeefehttps://www.blogger.com/profile/13261151003249561414noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-36148970241258255702017-04-07T01:20:53.786-07:002017-04-07T01:20:53.786-07:00The problem is, these people don't understand ...The problem is, these people don't understand that this whole thing hinges on a market economy. Look at the people with money. Look for something they want, but something they can't get with what they currently have. Find a way to offer it to them in exchange for their money. It's like this: Country A has gold and silver in droves, but they can't grow crops as well as other countries, and they sorely want things like quality potatoes. Country B has the land that can furnish those potatoes, but they don't have as much gold as Country A does. They take the land, farm the potatoes, and sell them to Country A for the gold and silver. That's how things work. <br /><br />These people don't understand that just hoping for mana to fall from the sky isn't gonna work. You'll have to get God's attention first before He starts raining bread down on your head, and one way to do it is to offer Him something that most human beings don't give to Him. That's how you get the attention of God or any other sapient being-to stand out in a beneficial way to offer them something that they don't already have a surplus of. Vader999https://www.blogger.com/profile/02857041959814062818noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-88748477143919722582017-04-07T01:09:55.550-07:002017-04-07T01:09:55.550-07:00Yes. Yes. Yes. Economy and life -don't forget ...Yes. Yes. Yes. Economy and life -don't forget plain and simple life- are always changing. Somethings you see coming -like Amazon/You Tube-others you don't. Isn't it amazing how lazy people are? Why don't they look and think ahead or at least quietly accept they weren't aware? It's beyond me. But then, I'm a minimalist, I don't care. It's all well as long as I can get by and still put a little something aside while eying options for the future. ...did I mention? This is another good post of yours. Anonymousnoreply@blogger.com