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Day 6 – Getting into cryptocurrencies

Could have made $1000 if I listened to my past self

This week BitCoin went up like CRAZY. like immensely. A few weeks prior I saw a lot of facebook ads promoting ETHEREUM. Could be classic pump and dump strategy by the FB groups, who knows.

I made an entry in my calendar a few weeks ago to buy approx $1k of bitcoin and you know what. I didn’t do it because I was too lazy to verify my identity. Shit doubled yesterday. (it has since gone down a bit).

Lesson learned

DO WHAT YOU PUT IN YOUR CALENDAR . (GETTING THINGS DONE)

What I did today

  • I have trawled through Blackhatworld forums in the past few days, jumping on the CRYPTO bandwagon
  • I finally got into the world of PURCHASING MY FIRST BITCOIN CURRENCY! hurrah. I used localbitcoins (affiliate link) and within 2 minutes got about $500AUD // $350USD worth of bitcoin. I purchased $150USD worth from wesellcrypto.com and now I have $500USD worth of bitcoin as of today (0.18209612BTC)

The Cryptocurrency Plan v1.0

  • Get the freak out of BTC and start investing in what they call ‘alt’ smaller volume coin currencies. People are hinting at PIVX or just looking at patterns of one or two waves and to ride the next wave to purchase at close to bottom and sell at close to top. There is a guy on BHW who is placing everything at one time to look for 5% gains. Seems to be a sound strategy which I will adopt
  • Long term BTC, ETH are agreed to be very good investments. However for short term gain it is easier to get multiple returns with smaller microcent investments.
  •  might be a victim of shiny object syndrome

 

I might be a victim of shiny object syndrome

I can think of all the crazy ideas I’ve had or followed. I just never stuck with them. My current shopify store was done out of greed rather than passion. I am lazy. The only thing I am consistent at is trying these new things. Maybe that is my passion. LOL

Clarification on ‘days’

Day 5 will start in 3 days.

My mum has arrived to visit me and I have been her non-stop chauffer for her friends and especially my brother, who gets anxiety to anything. He thinks any form activity could spell out the end of the world for him. It’s so hard to have him open his eyes to the world, but I will keep trying. His mindset seems like a god-fearing peasant from the dark ages. Really it is. Maybe he will never change – the underlying problem is the overarching and caring mum. I was lucky to escape early… He wasn’t. .. He puked after the plane ride here and he’s not going to like the Great Barrier Reef tomorrow. They will be leaving in 3 days.

Day 4: 403’d and lost the whole post

Day 4

I am pretty upset. I wrote a long post about what I did and when I hit PUBLISH, I got a 403 ERROR CODE. Elegant themes was no help at all. Permissions, .htaccess and plugins were all ok. ARGH.

I tried to refresh and resubmit data however it kept going 403 until i gave up and just made a new post. #end.

Todays activities

  • worked on my existing shop descriptions and lowered pricing to increase sales. Currently getting one order a fortnight. Seriously not enough.
  • 1 hr TV

Tomorrow

  • Do more of the same with the shop. I can’t do any work on the new venture yet.
  • Clean house. Fam is coming on weekend.

Week 1: Getting back to a productive state

Day 1. Stumbling

What I did:

  • Watched dental marketing videos to become a consult . It looks good but not long a term viability unless I keep on top of facebook advertising.. it would be a 1-2 year plan. However that’s all I need… it will be considered as a possible next project.
  • Watched a dropshipping scaling video about google ads vs fb ads. The presenter thinks Google ad retargeting would get you better results than Facebook dynamic retargeting
  • Was on the phone with google. They tried to increase my spend on my dropshipping store, but I didn’t. I learned about ad extensions. They look like a useful thing to add to .. an ad.
  • I installed WP on a website in the hope I can improve my boss’ website. It’s not the best SEO wise.

Wasted time today

  • Played Clash Royale on my mobile, maybe a good 2 hours
  • Spent an hour driving to the gym and back. Wasted as the gym was closed (public holiday). I may need to change to those 24 hour gyms again.

What I need to do tomorrow

  • Limit clash royale game time tomorrow to only aiming for crowns and only when I’m idle e.g. waiting in line. I may only check to donate but not to play.
  • I think I will join the local gym again and do HIIT routines.

Day 2. Establishing what my next ecommerce venture could be

What I did today:

  • The plan was to read through blackhatworld forums (BHW) to get an idea what I can do next.
    • I ended up going back to Shopify+AliExpress based posts on BHW. I think I will just go with the flow instead of learning something entirely new. It’s what I subconsciously want right now.
  • My bitforex account was confirmed.
    • I can buy $15 worth of blockchain shares a day.
    • I will need to start this end of the month.  I have put in my calendar to look into this end of next week.
  • Resigned from gym. I will be joining the local, cheaper gym at months end. It’s in the calendar for day 22.
  • Watched some niche discovery videos in regards to aliexpress.
    • Pretty much learned that its looking at
      • best sellers on amazon and
      • high engagement posts on facebook and
      • cross-checking with aliexpress for profitability.
      • Somebody on BHW recently found his winning product. It took him 2 months / 60 days and he found only 14 competitors using google, AND found it was a trending topic…
  • Google called me again to try to change my ad spend on my dropshipping site, Showerfy. They didn’t know I already spoke to them yesterday.
  • Imported some new items from one of my dropshippers. I’ll update descriptions tomorrow.

Wasted time & Remedies

  • Videos that serve no purpose: Literally spent an hour watching “videos” to test out my new 4K monitor. I really should stop doing this. I’m not sure what a good remedy for this is short of castration. 
  • Games: I played Clash Royale but only when I really wasn’t focusing. What really distracts me I realise (as I am typing this) is that the phone is RIGHT THERE begging to be picked up.
    • I will need to setup remote notifications from phone to my PC, and skype with my partner on my computer rather than use my phone. I’ve done some googling and PushBullet might solve my phone away from me dilemma.
    • AKA keep phone away from me or
    • Put it in one of those fancy time-based boxes or
    • By using the Forest app again. I always forget to use Forest. I have now placed Forest next to the Clash Royale app to remind me.
    • Or everything above.

Tomorrow

  • The template: After work, I will make a spreadsheet outlining all the items I come across, rather than haphazardly screenshotting them and record the numbers, so I can remove the emotion out of it.
    • Sub-tabs will be on each product and suppliers/competitors…
    • from these products I will need to order samples and make product videos.
    • I suppose the essence of futureproofing is essential, due to the long shipping times with aliexpress.
  • Update product descriptions on my first dropshipping store.
  • Watch TV with fiancee (1 hour)

Day 3. Optimising descriptions on existing shop

What I did today:

  • Showerfy (my existing Shopify store)
    • Added negative keywords for adwords
    • Read more about adwords extensions. Looks good and I’ll implement
    • Dropshipper contacted me today to partner up. Looks good as my existing dropshipper ran out of a particular product I sold and refunded and these new guys have it. However these do different shipping costs to each state. I will need to update my Shopify store to reflect dynamic postcode shipping costs sometime.
    • I did something different. Usually I copy and paste the dropshippers descriptions and maybe spin the words a bit. I have to admit, I suck at it. So I had a genius idea. I went to amazon and looked up best seller products which were similar to my store products. Holy cow the best sellers have great copywriting for the ad descriptions. I just used those instead (with a spin of course) I also added pictures to the description itself. I used to do this on eBay but I never explicity thought to do it until now for Showerfy
    • I lowered pricing for popular products. I’d rather a sale than continuously spend money on ads
  • 2 hours watching TV with the girl.
  • I signed up to the new gym. Apparently I have two weeks left on my old gym (eep) so I better make the most of it.
  • Google trended drones, and its only popular in Q4 before christmas. I’ll find that niche.

Wasted time and Improvements

  • These past two evenings I have been pretty productive between 11:30PM-2:00AM. then at 2AM my mind kind of drifts away. It could be because its so quiet I have no other distractions (girl is in deep sleep at this time too) will keep this in mind when planning things.
  • Clash Royale: I only played at work and a bit at home. I still used it a lot. Especially in bed.
  • It’s impossible to be at your best state of productivity in bed.
    • The moment I lie in my bed (right behind me) im on the phone doing nothing productive. This was a realisation from the girl, when she found herself on the bed a lot last night.
    • Remedy-  So we are both trying to encourage (yell) each other to not lie in bed unless its for napping.

Tomorrow

  • I did not end up doing the template. I will try to do this next week. (its in the calendar)
  • I will hopefully get my login for the new supplier and I will start importing products from their shop into my Showerfy.
  • Update best selling product descriptions on Showerfy based off equivalent amazon (and eBay) hot sellers
  • (if time) update images of said products.

Day 0: What’s my end goal?

That’s what they all say right. Visualise the end and work backwards. My end goal is financial freedom to make choices in life.

Like every other damn person in this world.

I want to have a property portfolio and get into development. That needs money.

I have turned to the internet to help me get my initial funds. I will be using my job to fund my lifestyle and using my online earnings to save up for a deposit. ($160,000 AUD or $100,000 USD)

It’ll be a combination of short and long term plans.

I tried a few months ago with dropshipping.

  • I have made a handful of sales but I am still running at a loss due to high ad spend (pretty sure I chose a dud niche).
  • Plus I’ve been slacking off. So here is the blog. It’s more an accountability thing.

Most ideas will be coming from black hat world forums and whatever I can find in the digital marketing world.

The blog is a bit messy but you have to fail forward, right?

Follow me on my journey. I’ll post what I can however most of my time will be working on whatever I am doing. I hope. Anything of special interest will get its own special page.

JT