Last night, after giving the arbitrage class to my group friends.
Went out for drinks with some friends.
A friend of mine in the cryptocurrency circle has made some money and is considering opening a billiard hall. He and I were having a drink while we were thinking about it.
Cousin Wangzai, can you tell me if this can be done?
The billiard hall charges 60 yuan per hour, and each table is open for 12 hours a day. On average, each table receives 5 groups of customers per day. The billiard hall has 10 tables, and the daily turnover is 60 yuan × 10 tables × 5 groups = 3,000 yuan. The monthly turnover is: 3,000 × 30 = 90,000 yuan.

This may seem to be okay and profitable, but it is actually very difficult to do. Take the billiard hall just mentioned as an example. At a glance, it is quite profitable, but if you take into account the venue rental, decoration, hardware costs, labor, etc., it is actually not profitable at all.

This is just like live streaming sales. They talk about GMV of millions or tens of millions, but those who understand know that when you take into account the return rate, profit margin and so on, the money earned is not worth mentioning at all.

When making decisions, data can mislead people and make them lose their minds. Don’t think that you will definitely make money if you do the same just because you see other people making money in their industry.

We who work on Web3 are all involved in virtual business, airdrops, token investments, and huge profits. Sometimes we also yearn for real business, always wanting to do something we have never done before. But after calming down, we will find that real business is not something we can touch.

Even if you open a random store, you will spend hundreds of thousands of dollars on the site, rent, decoration, and all sorts of other costs, and the payback period is very long. If you want to make money, you must work hard, but you can't work blindly.

We humans always feel that other people's businesses make more money than our own, but after all the hassles and struggles, we finally discover that our own business is the most profitable.

It takes three years to enter the industry, five years to understand the industry, and ten years to become the king. Without sufficient accumulation in an industry, it is impossible to make a lot of money.

You still have to do what you are good at, find the money-making effect, and replicate the money-making effect.

In the Web3 world, airdrops and project participation do not require a large amount of capital investment, nor do they have so many cumbersome operating costs. As long as you find the right project, you can get a good return.

Just be honest, take steady steps, focus your resources on the projects with the greatest potential, and participate in them consistently over the years.

Web3 is a battlefield. In the past few years, we have made tens of millions of dollars from Web3. The core is to have projects, information, and continuous research and participation.

In this era, if you find the right direction, the right method, and have someone to guide you, the dividends and resources of the times will be tilted towards you.