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Originally Posted by dappadan777
I'm in the UK not US. If you are selling crap you've found on Alibaba on Amazon then I'd tend to agree and tell anyone to steer clear of that - if youre building a brand I would say it has no similar pitfalls at all. The only thing I'll say is you are a lot fo the time at the mercy of Facebook/Instagram ads etc are they're getting more expensive and that is entirley out of ones control so similar to a poker site controlling so thats a pitfall getting cheap enough good quality traffic. However if you only rely on 3rd party ads to get traffic to your store you're doing it wrong it needs to be interesting enough to get organic traffic + paid social and then you're in a good spot. If you build an email list, customer base and brand it properly it will pay dividends long run. Competition is rife in anything, do it 1st, be the best at it (within your niche) and keep innovating/changin/adding and I think you'll find competitors cannot get the same traction, especially organically. Anyone can buy garbage off Alibaba and run some Facebook ads, it has no longevity in it at all. I dont do that.
What do you sell?
fwiw, yes anyone can buy off alibaba, but the same can be said of branding/marketing (or play poker). some will do a better/worse job of negotiating price, of getting shipping costs down, of picking products that are in higher demand / have higher margins just as some will do a better job branding and marketing.
i think you're underestimating how much people are making from sourcing products overseas. probably not worth it if you're selling $20 trinkets but there's a lot of high value stuff where selling a couple of units a week is serious money (provided that isn't your only product).
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robyoung posted figures of players at nl25 that played more than 1000 hands and 37% were winners and that didnt account for the rakeback, so im guessing more than 5% are winners online
ridiculous way of framing it.
the probability of a -2bb/100 loser being up after 1,000 hands is nearly 50/50. even a -10bb/100 loser will be up money after 1k hands about 1/3rd of the time.
you will never get an answer to this based on data because only a tiny, tiny minority of players will play anything that comes close to statistical significance.
same is true of trading. but it's even more ridiculous because unlike poker, you can pretty much go your entire life without getting honest feedback. in poker you have to play at least 30 hands an hour. a "semi pro" trader may only take one or two positions a week such that even if you have precisely zero edge, you'd still be awfully close to 50/50 to be "beating the market" after a year.
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How can you ever have hard evidence for something like that?
And what is “lots” and “loads” of players?
Every casino that spreads 5/T+ regularly has anything from a few to “loads” of players who make a lot. If you count in top 2/5 regs, numbers quickly go up.
That’s holdem only. For PLO/5c PLO it’s at least double in terms of BB/hour but the players pool is usually smaller.
define making a lot / crushing. except isolated sessions on weekends i don't find hold em games to be anything close to "crushable". 10bb/100 at nlhe is about $25/h. it's like beating a 20/40 limit game for 1BB/h. and in both those cases, beyond a certain skill level (one that is commonly found in games this size) you're mostly just at the mercy of how soft the games are. it's very different from online games where slight differences in edge have a huge impact on your hourly.