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EAT FASTER!!!!!! posted:This whole page has been glorious, so let's keep the pain train rolling with the $1 billion lawsuit threatening the existence of LuLaRoe even as other MLM scams like Rodan and Fields try to capture the same lightning in the bottle that the California-based company has used to grow. From the article posted:“No, you’re stale. Your customers are stale. Get out and find new customers. If you bring a new customer in, then your inventory isn’t stale. The problem is, you try to sell to the same group of people day after day after day,” he said in a now-deleted video of LuLaRoe’s weekly webinar broadcast to its 80,000 consultants.
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Dec 19, 2017 17:07
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BWM (mattresses): closing your business after airing this commercial because  https://www.youtube.com/watch?v=2ZmM-2gj5Gc
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Dec 19, 2017 17:42
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Krispy Wafer posted:When was the last time anyone who makes their money 'online' showed any forward thinking or risk aversion? Let's ask Lowtax 
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Dec 19, 2017 17:59
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so I could say that I finally figured out what this god damned cube is doing. Get well Lowtax.
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Makes, not loses
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Dec 19, 2017 18:05
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spincube posted:Let's ask Lowtax Ironically, it was his MLM side hustle
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Dec 19, 2017 19:53
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Trustworthy posted:Ironically, it was his MLM side hustle
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Dec 19, 2017 20:43
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Moneyball posted:Makes, not loses He was making money at one time I think (like early to mid 2000s), at one point he was able to do it as his only job and even hire employees.
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Dec 19, 2017 20:51
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potee posted:Speaking of mattresses can we have a quick mattress derail because I need a new one.
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Dec 19, 2017 21:03
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CannonFodder posted:Mulder had a waterbed, it sprung a leak in the Groundhog Day style episode. Yeah but he didn't buy it. The Area 51 MiB he swapped bodies with bought it for him. Then he lost it after his father was time-kidnapped and he had to share a apartment with the Cigarette Smoking Man.
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Dec 19, 2017 21:08
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Nail Rat posted:He was making money at one time I think (like early to mid 2000s), at one point he was able to do it as his only job and even hire employees. If he's still not making money (and able to do it as his only job), he's certainly doing something very wrong. Well, after the fixes the technical debt probably. Let's discount anything he gets from purchases, like the $10 per account, or no ads. He gets ~7M visits per month, and ~64M pageviews (https://www.similarweb.com/website/somethingawful.com?utm_campaign=growthbot.org&utm_medium=growthbot.org&utm_source=bot+). Average CPMs are around $3, but I'd assume the SA network is fairly small. Let's call the average CPM $0.3 instead, as advertisers wear out on a given site/audience over time. Here we can do some simple math: 64M*2/1000*.3=$38,400 in ad revenue per month. Let's say half of SA users have adblock (the software, not the purchase). That brings revenue down to $19,200. He could use a service like pagefair to recover a portion of this revenue back if he wanted. He could also move to using something like swoop (which, dear god, is ugly) to serve contextual ads based on the content people are reading. A site I run with ~8M pageviews per month costs about $300-400/month to host with good performance. That uses AWS, not a physical server in some colocation facility somewhere, so his costs (let's call them 3k) are probably actually significantly higher than that estimate until he handles the technical debt. Then presumably he has the forum licensing costs In short: given that he says he's losing money, he probably is. But it's because he's likely doing something wrong, not that SA is incapable of supporting (several?) FTEs.
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Dec 19, 2017 21:12
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Zauper posted:If he's still not making money (and able to do it as his only job), he's certainly doing something very wrong. Well, after the fixes the technical debt probably. Let's discount anything he gets from purchases, like the $10 per account, or no ads. lol http://www.somethingawful.com/feature-articles/something-awful-advertising/ just lol edit: metafilter manages to get 10 grand a month or something from member donations. __donations__, done all npr-style
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Dec 19, 2017 21:14
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BigDave posted:Yeah but he didn't buy it. The Area 51 MiB he swapped bodies with bought it for him.
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Dec 19, 2017 21:18
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God that long-format mattress referral link is the pure pure. Can I fund anyone to do affiliate based reviews of GPUs for cryptocurrency mining? I feel like this is a market that's ready for SoMe DiSrUpTiOn.
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Dec 19, 2017 21:20
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Somebody disrupt my rear end, please.
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Dec 19, 2017 21:21
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bob dobbs is dead posted:lol So... yes, he's doing things wrong? I'm glad you posted a link to confirm. I'm also not sure how a 10 year old article that he's clearly moved away from is still relevant. Also lol: he doesn't do things like flash or animated ads, right? That explains the animated ad at the top of my page, which advertises something I absolutely want: AccuRadio, Medieval Times, and JoinMe. Yes, ad networks aren't awesome. But they're also not exactly hard to use. SA isn't a premium publisher where people are going to shell out $40+ CPM rates, but he should be able to get at least 3x what that article claims, but honestly 10x+. (and even at those $0.06 CPM rates, he should be making enough to be profitable)
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Dec 19, 2017 21:30
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Hoodwinker posted:It's been a long time since I've watched X-Files and I'm honestly not sure if this is a joke or not. Second one is, first one is real.
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Dec 19, 2017 21:37
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Zauper posted:So... yes, he's doing things wrong? I'm glad you posted a link to confirm. I'm also not sure how a 10 year old article that he's clearly moved away from is still relevant. All your math doesn't take into account the monthly checks Lowtax sends to Doobie
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Dec 19, 2017 21:47
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Zauper posted:Average CPMs are around $3 Source your quotes, that website doesn't list "cpm" anywhere on it. I've worked in adtech for the better part of a decade and that is a full order of magnitude off for display. $0.30 CPM for well targeted ads is fairly normal, but $3 is getting into video territory. This site is, like it or not, offensive to the general public which makes ad networks hesitant to work with them. It would be really BWM to show your ad next to the totally normal hitler-avatars, racist jokes, and other stuff normal for GBS.
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Dec 19, 2017 21:56
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H110Hawk posted:Source your quotes, that website doesn't list "cpm" anywhere on it. I've worked in adtech for the better part of a decade and that is a full order of magnitude off for display. $0.30 CPM for well targeted ads is fairly normal, but $3 is getting into video territory. This site is, like it or not, offensive to the general public which makes ad networks hesitant to work with them. It would be really BWM to show your ad next to the totally normal hitler-avatars, racist jokes, and other stuff normal for GBS. https://monetizepros.com/display-advertising/average-cpm-rates/ And he's using one of the Google networks currently for the ads I'm seeing.
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Dec 19, 2017 22:06
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Zauper posted:In short: given that he says he's losing money, he probably is. But it's because he's likely doing something wrong, not that SA is incapable of supporting (several?) FTEs. 2006: "There's this thing goons are calling Let's Play that's getting big even outside of SA, maybe we coul-" "OUTSIDERS??  "2017: I enjoyed watching Lowtax and Shmorky play awful Unity free-download video games together but, well, Shmorky... galoopo fruithag
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Dec 19, 2017 22:10
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H110Hawk posted:This site is, like it or not, offensive to the general public which makes ad networks hesitant to work with them. It would be really BWM to show your ad next to the totally normal hitler-avatars, racist jokes, and other stuff normal for GBS. I think you're confusing the SA of 2017 with the SA of 2007 back when it was funny.
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Dec 20, 2017 00:23
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n8r posted:I think you're confusing the SA of 2017 with the SA of 2007 back when it was funny.
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Dec 20, 2017 00:59
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BigDave posted:Yeah but he didn't buy it. The Area 51 MiB he swapped bodies with bought it for him. No, the water bed was there the whole time, the body swap guy just found it buried under Mulder's hoarder pile.
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Dec 20, 2017 01:02
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Over 900K in grad student loans at 7% interest with an income of 450k a year. What would you do?quote:I've been working for about 3 years now and have been on a government assisted income based repayment program called REPAYE which makes my loan payments about 3-4k a month for 25 years. At the end of 25 years, the total loan amount is forgiven but there is a tax bomb of 35% on the principal loan (which in my case would be a 300-400k one time payment at the end of 25 years). I don't own a home or any other real estate so I can't take a mortgage out to pay it off, and my wife can't work. We only spend money on necessities (no avocado toast and $5 cups of coffee). he wants to save money so he can invest later so he isn't paying off his loans with his $450k income.
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Dec 20, 2017 02:42
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Clicked the link thinking for sure it was a typo and he had $900k in loans on a $45k salary. Nope.
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Dec 20, 2017 03:09
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Hoodwinker posted:Over 900K in grad student loans at 7% interest with an income of 450k a year. What would you do? Uh, do dentists actually make half a million a year? This guy is really dumb or lying or I picked the wrong career. Which reminds me, I have a friend who thought, upon graduating nursing school, that the average nurse's salary for the area was $500,000. Yeah. She had misread a zero somewhere and thought "yeah, that's a reasonable salary for a nurse".
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Dec 20, 2017 03:11
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Drunk Tomato posted:Uh, do dentists actually make half a million a year? This guy is really dumb or lying or I picked the wrong career. Orthodontists and some OMFS can. General it would be a tough swing in early career. He could pay it off in a reasonable amount of time if he lived like a monk. But there's no way he will. I can't imaging paying off that mountain.
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Dec 20, 2017 03:14
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Drunk Tomato posted:Uh, do dentists actually make half a million a year? This guy is really dumb or lying or I picked the wrong career. Specialists can, he mentioned a post-doctoral program in the replies. howdoesishotweb posted:He could pay it off in a reasonable amount of time if he lived like a monk. But there's no way he will. I can't imaging paying off that mountain. $990k sounds crazy, but isn't so bad on $450k of income. He should probably take the 5.5% refinance and just pay down the principal as possible (since he's not going to find a better risk free return). That's about $50k of interest annually - more than sustainable, and plenty of room to pay it down over the next decade or so with enough left over for a decidedly non-ascetic lifestyle.
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Dec 20, 2017 03:22
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Drunk Tomato posted:Which reminds me, I have a friend who thought, upon graduating nursing school, that the average nurse's salary for the area was $500,000. Yeah. She had misread a zero somewhere and thought "yeah, that's a reasonable salary for a nurse". Easy mistake to make if you’ve ever seen an itemized hospital bill. Virtue fucked around with this message at 03:48 on Dec 20, 2017 |
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Dec 20, 2017 03:44
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Anyone going to explain why someone making 500k a year qualified for a government assisted repayment plan?
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Dec 20, 2017 03:50
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Virtue posted:Anyone going to explain why someone making 500k a year qualified for a government assisted repayment plan? that's how the medical professions roll
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Dec 20, 2017 03:54
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Virtue posted:Anyone going to explain why someone making 500k a year qualified for a government assisted repayment plan? Hes only just now starting to make that much after like a decade of schooling and a couple years of work after that. He may also be overestimating his compensation somewhat.
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Dec 20, 2017 03:56
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bob dobbs is dead posted:that's how the medical professions roll Times like this make me wonder why insurance companies end up in the crosshairs whenever healthcare debate comes up.
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Dec 20, 2017 03:58
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Bird in a Blender posted:Edit: Actual BWM, I was visiting Anchorage and went to a weekend market. Lots of vendors, local crafts, food vendors, etc. The BWM part was seeing two different LuLaRoe vendors set up like four tents away from each other. A local indoor flea market at our high school has all the LuLaRoe sellers in a separate section, about 10 of them with stock filling about the size of a basketball court.
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Dec 20, 2017 03:59
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Virtue posted:Anyone going to explain why someone making 500k a year qualified for a government assisted repayment plan? I'm going to adjust this a bit for the typical picture Virtue posted:Anyone going to explain why someone with a million dollars of student loan debt making a range of zero to $60k annually over an 8 to 10 year period qualified for a government assisted repayment plan? and you have your answer. Of course, NOW that's he's making 500k for the first time, he should be able to say "screw this, I can pay it off in less than a decade," but that mentality is hard to foster after such a long time. Of course this is truly extreme in the first place. 500-600k in loans for a couple is not rare, but the people that push a million had to be really clueless.
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Dec 20, 2017 04:01
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Virtue posted:Anyone going to explain why someone making 500k a year qualified for a government assisted repayment plan? Government repayment plans are usually capped at 10-15% of your income, no matter what the total income. He'd fit that criteria.
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Dec 20, 2017 04:03
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Doc Hawkins posted:I never heard a'them but congrats on the thread title. aww thanks It's the dril tweet about candles but instead of candles it's LuLaRoe  More #BossBabe math.  Top bottle is 20g per serving, It Works snake oil bottle is 4.25g per serving. So cost per gram is 12 cents for the top bottle vs 43 cents for the bottom bottle. The nutritional amounts mentioned are calculated per serving rather than per gram, so the difference in calories on a gram-per-gram basis is negligible. Also, she is very clearly at Wal-Mart, not a health food shop.
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Dec 20, 2017 04:46
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drat Your Eyes! posted:Government repayment plans are usually capped at 10-15% of your income, no matter what the total income. He'd fit that criteria. Call me crazy but I don't think someone making 500k should be receiving government assistance.
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Dec 20, 2017 04:59
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potee posted:Speaking of mattresses can we have a quick mattress derail because I need a new one. If there is an ikea near you I would recommend checking them out too. I was going to do Tiff and needle but ikea ended up being cheaper, and it’s a great mattress.
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Dec 20, 2017 05:04
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Virtue posted:Call me crazy but I don't think someone making 500k should be receiving government assistance.
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Dec 20, 2017 05:11
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