This is really off the back of shoe money’s youtube video.
He discusses if it is Luck or Skill that makes people money on the Internet.
Ok, so is it luck or is it skill. Well Shoe Money said “Its the skill to know when your lucky”. I think what he means by this is that you should have the skill to know where a market is and when to leave a market. Using the example he gave, Transformers… If you have a transformers site, and the DVD has just been released it is a good idea to hold onto that site and update it until the hype around transformers has nearly ran out. Then you sell it.
Other people might work differently but these seems to be the best way to make the most money.
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