Which Coach Should I Choose?

33 replies
I'm one of the newbies that lack direction and focus. Yes, I'm also suffering from information overload and that next big thing. I'm also often discouraged by the poor results of some who have been at this for many years. I mean $2 a day from an adsense site. Is that really worth the effort. Let's see $2 x 100 sites, maybe. Is that the best I can do? That's where I get caught up.

I don't mine putting in work for something I'm sure will pay off, but if it's more work than my day job for less money, how much sense does that make?

I want to build a real business. My niche is computers services and software. From everything I've learn in IM, this niche is just too competitive. To hear that is discouraging also.

I have a feeling that someone on this forum knows how to break into competitive niches with either new traffic strategies or very creative marketing and sales funnels. However, being a newbie, that's not me. My guess is this is why a lot of people fail, chosing a niche that's too competitive.

So, I feel I need a coach who can look at my niche and how I plan to serve it and give me some advice, strategies, and direction. I don't mind, in fact, I plan on selling affiliate products as well as computer related services. Just not sure how I can compete in such a competive market. I have some ideas but I can't help the feeling that I'm going about it the wrong way.

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Techguy
#affiliate #group #need a mentor #power
  • Profile picture of the author piratejoe84
    I have not tried the WSO that you linked to so I can not say with any authority whether it is a good one or not.

    I will tell you that the coach I have been using has done a great job for me and about 155 other people that I know of. He will probably not tell you that your niche is too competitive, he will just show you ways to compete profitably.

    If you are interested in finding out more about him, just PM me. I will be happy to tell you more information.

    Joe
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    • Profile picture of the author Techguy
      Originally Posted by piratejoe84 View Post

      I have not tried the WSO that you linked to so I can not say with any authority whether it is a good one or not.

      I will tell you that the coach I have been using has done a great job for me and about 155 other people that I know of. He will probably not tell you that your niche is too competitive, he will just show you ways to compete profitably.

      If you are interested in finding out more about him, just PM me. I will be happy to tell you more information.

      Joe
      Joe,

      Thanks for your reply. I would love to know who your coach is, however, I don't have enough post to pm you but if you feel it's necessary to use pm's, please pm me with the information.

      Thanks Again, Techguy
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  • Profile picture of the author Social Experts
    Don't buy ebooks, don't buy courses.

    Just read!
    Signature

    Chill.

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    • Profile picture of the author kerrisonj
      Originally Posted by The Freshmaker View Post

      Don't buy ebooks, don't buy courses.

      Just read!
      Um, what should we be reading then?
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      • Profile picture of the author Social Experts
        [DELETED]
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        • Profile picture of the author Mohammad Afaq
          Originally Posted by The Freshmaker View Post

          Take a look around! Newbies always get sucked into buying ebooks and lose more money than they make. None of the things the ebooks teach are revolutionary so where do the authors learn it?

          There are more IM forums other than the Warrior Forum.

          I am strongly against people taking advantage of newbies.
          I like the idea of forums but I think that people need to realize that forums are not the best way of getting knowledge about IM (especially for newbies).

          Think about it, if you buy a video course all the information will be step by step and you'll know exactly what you should be doing first and what you should be doing last.

          On a forum that's not the case. People are talking about all kinds of stuff on forums.

          Now let's take a real life example here:

          You are a newbie and go to a forum. You start reading threads about:

          Niche Marketing
          PPC
          Article marketing
          Blogging
          PPV
          CPA
          Freelancing
          Outsourcing

          etc.

          Now where should you start?
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          “The first draft of anything is shit.” ~Ernest Hemingway

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          • Profile picture of the author MarkMOZ
            Originally Posted by Mohammad Afaq View Post

            I like the idea of forums but I think that people need to realize that forums are not the best way of getting knowledge about IM (especially for newbies).

            Think about it, if you buy a video course all the information will be step by step and you'll know exactly what you should be doing first and what you should be doing last.

            On a forum that's not the case. People are talking about all kinds of stuff on forums.

            Now let's take a real life example here:

            You are a newbie and go to a forum. You start reading threads about:

            Niche Marketing
            PPC
            Article marketing
            Blogging
            PPV
            CPA
            Freelancing
            Outsourcing

            etc.

            Now where should you start?
            You've got a point right there, but most people tend to promise figures and not clarify what you'll be doing to actually get to them.

            I think that eventually in order for you to build a business, you'll have to combine a few of those to help you pull it off or even more than a few...
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            • Profile picture of the author Kandyan
              Check this WSO... I think it's great for newbies...
              Signature

              No affiliate links in sig.

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  • Profile picture of the author Negotiator74
    From your original post it doesn't seem like you are interested in anything that you aren't "sure will pay off." Don't know anything about this coaching program but I do know this....there is NOTHING that is "sure" to pay off. That is why we are entrepreneurs....we take risk, we take chances....sometimes those pay off...and sometimes they don't.
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    • Profile picture of the author Techguy
      Originally Posted by Negotiator74 View Post

      From your original post it doesn't seem like you are interested in anything that you aren't "sure will pay off." Don't know anything about this coaching program but I do know this....there is NOTHING that is "sure" to pay off. That is why we are entrepreneurs....we take risk, we take chances....sometimes those pay off...and sometimes they don't.
      I understand what you are saying. I guess when I said "sure" I really meant "confident". When a person really needs something to work in a specific timeframe, and they have far too many choices, then they need to be "confident" that the choice they make is the right one, or they are unable to move forward.

      This is also the reason I failed at daytrading, because I couldn't afford to lose (take risk).

      But this time around my chances of success are much better, I think. At least this time I'm getting proper training (even if it is too much training). This is something I did not do with trading. I had no training at all. Just used my instincts. That worked fine until I put money on the line, then the fear of lose clouded my instints.

      I really envy Stephen Pierce in that when he started trading, he didn't have any money to risk, to he learned totally free of fear. He probably felt bad about that at the time, but it's the reason it made his first million.

      Funny how some things work isn't it.

      Techguy
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  • Profile picture of the author williamrs
    It's hard to make money online without taking risks. However, if you don't have money, bet your time. Create an action plan using free traffic only and take action, implement it. Maybe some campaigns won't be profitable and you will end up losing your time (maybe it's not waste of time, since you gain experience, but...), but if you find a winner it will pay for the other campaigns.

    Just don't buy 1,000s of ebooks, WSOs and memberships, because this is not the way to go. First, make your choice. Let's say that you're going to work with article marketing (just an example). Then buy a good course about AM (if you still don't have one) and stick at it until you make some money. Chances are that it won't happen in 2, 3 or even 15 days, but don't give up and keep focused on your plan, improve your campaigns, make changes, but don't simply quit and forget them. It may take a little time, but you will make some money.


    William
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  • Profile picture of the author williamrs
    Mohammad is correct. Forums have lot's of useful information about many topics, but the information is not organized in a way newbies can easily understand it. So I can't see how buying a good course could hurt. The problem is that people buy tons of courses, ebooks and IM stuff and don't take action. Techguy, probably you already have a good course, so you don't need to buy another one, just use what you already have.


    William
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  • Profile picture of the author J Bold
    I'll say this, don't spend too much money. I spent money on a coach over a year ago that was way, way too much money to spend for a coach and it did not end up working out. Really, be careful and choose wisely.

    I have no problem with people selling to newbies their coaching programs or courses as long as they are selling a GOOD PRODUCT. That is the key with IM products. It must be good. You must truly be giving a good method or coaching system for people to make money. I will not suggest any to you, but please choose very carefully. Do not be too desperate. Take your time to choose. If you're too desperate you could end up buying a bad coaching course that will waste your time and money.

    Finally, if you are going to spend money for coaching make sure and follow through on it. Don't just spend money on a coaching program and then not act on what you've learned. That's a surefire way to get a double whammy. You'll be out $10-$2000 and and you will have wasted your time not putting in to action what you learn.
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  • Profile picture of the author ishboo
    Hey TechGuy,

    First I want to say I understand your frustration.

    Second, I want to point something out to you...

    AdSense sites or anything like them are not actually a BUSINESS MODEL.

    AdSense is a REVENUE STREAM... and it simply SUCKS as a business (no matter what other people's number are -- there's truth to what those people say -- but there is also more they absolutely don't tell you -- and I know because I know two of those people personally).

    Thirdly, a market that is "too competitive" means you have to break into using one specific method. This is a method I have used successfully for a very long time now, and that "method" is relationships.

    Talk to some people. I know this from experience as I come from the "Magic Tricks" hobbyist marketplace. It comes down to talking to people and telling them what you do. I personally know people like Gene Anderson (and whom I live 30 seconds away from) in that market (he's known as the Godfather of Newspaper Magic if you ever want to look him up), who is good friends with Master Magician Lance Burton (you know, from the TV specials), who is good friends with Chris Angel, and the list goes on.

    While Gene and I don't promote each others products or lectures or anything of that nature, we talk about each other whenever the opportunity presents itself, and we promote through those relationships by getting to know other people because of them, and in the end, we get customers who buy from us both again and again, and it's just one big cycle.

    This works no differently on the Internet. Truth is, you're in a good forum to begin doing this right now. I call it marketing through association. By associating with those who you think are "bigger" than you, you will most definitely begin to find people who can point you in the direction you want to go. In doing all of this, I have met a lot of people who have no doubt helped me in some say, both directly and indirectly with my magic career (both performing live on stage, doing street magic, walk around magic, and creating and selling my own DVDs teach other magicians some really cool stuff -- and please don't ask where you can find those because like many of us selling magic DVDs I most definitely don't use my real name and I won't be telling you the "stage name" in a forum like this).

    I even know Art Dore (the guy who started the "Tough Man" fighting contest a while back -- yes, he got in trouble for that, but he's loaded and owns half a city nearby me -- literally -- as well as stuff in Vegas).

    The way you do this is by congregating where everyone else in that market congregates and participating their discussions at hand. Kind of like this forum for marketers :-)

    I hope this helps, and if you are looking for an honest coach who really cares, I highly recommend Terry Dean at http://www.mymarketingcoach.com
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    • Profile picture of the author Zeus66
      Originally Posted by ishboo View Post


      AdSense sites or anything like them are not actually a BUSINESS MODEL.

      AdSense is a REVENUE STREAM... and it simply SUCKS as a business (no matter what other people's number are -- there's truth to what those people say -- but there is also more they absolutely don't tell you -- and I know because I know two of those people personally).
      Completely false. Wow, you know 2 people. That's awesome. 6 billion+ on Earth, but you know 2, so your word has to be the final one, right? LOL

      People crack me up. They really do.

      Adsense can be a business. It all depends on what you do in your business with Adsense. It can also just be an income stream. That too depends on what you do... not anything inherent in Adsense itself.

      But hey, this guy knows 2 people and I'm just one person.
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  • Profile picture of the author Underground SEO
    I've never subscribed to the whole coaching thing - which can usually easily run into thousands of dollars or pounds. My advice to you would be to purchase a few WSOs and to join the war room and save yourself that money.
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  • Profile picture of the author cronyoo
    hi,
    tech i am also newbie and tell you that you have ask a good question about Which Coach Should I Choose?

    thanks for asking

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  • Profile picture of the author Brad Gosse
    The right coach can save you months of trial and error, not to mention money.

    Yes you can do it yourself just like you can drive from NY to LA with no road map or GPS but it's sure sweeter with the GPS
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  • Profile picture of the author Techguy
    Originally Posted by Brad Gosse View Post

    The right coach can save you months of trial and error, not to mention money.

    Yes you can do it yourself just like you can drive from NY to LA with no road map or GPS but it's sure sweeter with the GPS
    These are my thoughts exactly. I have been going it alone for years now. I have bought or "tried" nearly every course that sounded good. An I jumped on all the major freebies like butterflymarketing 2.0, Stompernet, Speedmoney, and many others.

    I have purchased used courses off ebay and yes, I have bought more than my share of WSO. In fact, I have bought so much stuff that it has started repeating. Now, nearly everything that comes out, I have something similar already. That is actually a relief because now I feel like I have everything I need to be successful.

    The only question is...where do I focus my attention and effort? Once I think I know the answer to that and start down a certain path, I get distracted by something that looks more promising, only to find out that there's a catch. There's always a "catch", and it's usually "too much damn work". What happen to all those promises of FAST, EASY, AND FREE???

    The problem for me is not that it's too much work, it's whether I'm focusing on the right things. So much stuff is out of date. Do you ever get the feeling that all these "Secrets" the gurus are releasing to you are because they're about to be played out?

    I remember when I was introduced to internet marketing. It was through the forum webhostingtalk I believe. Everyone was talking about this guy who was selling a website on ebay for something like $300,000-$400,000. It turned out to be The Rich Jerk.

    He revealed to us in the forum (or somewhere, maybe his website) that he sold off his websites before they died. I think in this case it was either an online pharmacy or a gambling website, and goverment regulations where about to make things harder, so he sold it on ebay to some unsuspecting victim. It's just like the stock market; by the time you hear about how great a stock is, it's too late to buy it. I may be wrong about this but if you watch carefully you might find I'm right. I guess the smart thing to do is invest your time in the fundamentals, those things that never change, but what do I know?

    Then The Rich Jerk went on to release his ebook which at the time was $97. I remember it well. He called us fools and losers and every name in the book. He told us he didn't need losers buying his ebook and how the few hundred dollars we make per month was nothing, cause he made millions. Everyone of us bought his ebook, and in looking back at the stuff I've learned since then, he pretty much covered most of it in that one ebook. In other words, I could have stopped buying right then and there and I would be much further along.

    I did implement what I understood back then. Even made a clickbank sell, but the reaction from those in the forum when ever they made a few dollars reminded me too much of my trading days which was a bad bad feeling, so I took what I had learned and used it to create and promote my computer repair website, which I have not changed since creation, and it still brings in customers whenever I want (via adwords, no seo).

    Most say start with affiliate marketing. Although I didn't understand the logic to begin with (back in 2005), I do now. Affiliate marketing comes with the advantage of knowing how well a product is selling (clickbank gravity) thus leaving one less thing to figure out, but when I attempted it back in 2005, I couldn't help but feel that I was getting ripped off (not getting credit for sales). I still feel that way after dealing with amazon. I sat with a computer customer of mine as I directed him to my website where he clicked on my aff links and purchased a netbook and accessories. Well, I got credit for the netbook, but not the accessories. When I contacted amazon about it, all I got was canned responses. Not that it was very much money but its the principle. That left a bad taste in my mouth.

    For the record, I have received credit for sales (that I track) through other affiliate networks like CJ, OneNetworkDirect, and Revenuewire, and they are much higher commissions than amazon. I still don't understand why some many people promote the amazon affiliate program. I guess because they except anyone, unlike some of the others. Anyway...

    I have signed up with the Affiliate Power Group as it sounds like just what I need. That's the group I mention in my first post. They have a one dollar 30 day Trial WSO going on right now. The only way they would do that is if they were certain members would receive enough value to hang around after the trial. Well, I'm going to give them a chance to proof that to me.

    This is a group of 5 fulltime Internet Markets who each have quite a few years of experience from what I understand. They say that they will teach you their way or help you with you own ideas. That's what I need right now, feedback on my own ideas. And if they are not sound, help to make them sound. And if that's not possible, then I'll just follow their plan.

    Either way, I feel that by having 5 smart people working together to help me, I have a pretty good chance of hearing what I need to hear to keep me motivated and focused. The feedback should relieve stress and indecision and accelerate my path to profitability. I plan on documenting my journey on my blog. You can find the link in my signature if you are interested. I'm feeling more motivated already.

    It is highly recommended by my most cherished (albeit out of reach) mentors that I get a coach and become part of a mastermind group. I truly believe that this is the last missing component of my Internet Marketing training program. My goal is to be making $100 per day within the next 30 days. Will I make it? Follow my progress at my blog.

    Techguy
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  • Profile picture of the author wiseleo
    I looked at your site.

    Notwithstanding the fact that we are technically competitors, I'd like to help you a little. This is just a quick assessment of what I saw and don't take it personal.

    That 50% off coupon is frankly unnecessary. A 20% one would be just as effective. Visitors with less than perfect eye sight can't read your site as the text is too small. I see a large number of errors as well.

    I'll tell you one easy way to get some information not scattered all over the forum. Get one of those huge MRR packs. They come with a ton of content. Some will be crap, some will be good. Sit through the videos, get multiple perspectives, figure out what might work for you. Probably best $17 investment I've made.

    A coach is there to fine-tune your business model after it's roughly working and you are ready to blow up the dam that's holding up the river of money. It's not the best use of his time to take you through all the basics one on one (you can't imagine how boring that is).

    By the way, you don't really want to do all that work that's listed on your site, right? If that's the case, I may have an offer for you.
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    I run a few startups that address critical business problems. PM or Skype me about joining my direct affiliate programs. My products are business continuity and customer testimonials. Both are unique.

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    • Profile picture of the author Techguy
      Originally Posted by wiseleo View Post

      I looked at your site.

      Notwithstanding the fact that we are technically competitors, I'd like to help you a little. This is just a quick assessment of what I saw and don't take it personal.
      Thanks for your feedback. The site that you looked at with the 50% off coupon is the site I started in 2005. It has served me well although I admit that it needs updating. In fact, I plan to do a whole new site. My goals at this stage are totally different. Autopilot income selling affiliate products and services, not me going out to fix computers.

      I have considered managed services and 24/7 remote helpdesk support, but I would need financial backing for that which I don't have yet, although I do have an interested party. We will see. Thanks again.

      Techguy
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  • Profile picture of the author DubDubDubDot
    Coaches aren't going to give you any info that isn't already on the forums. That is where they get their own info from to sell to you. These guys are usually smoke & mirrors. Those that really did make a lot of money online are often entrepreneurs turned academics with no recent on the ground experience. So you are getting screwed over by them too.

    As for WSOs, generally speaking the people offering the business advice offers are the same people running those ridiculous get rich quick websites (notice the same sensational writing style?). Frankly, I can't believe some of them pull off marketing to marketers so well. It's like, you know what their M.O. is, yet still buy into it.
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    • Profile picture of the author Techguy
      Originally Posted by DubDubDubDot View Post

      Coaches aren't going to give you any info that isn't already on the forums. That is where they get their own info from to sell to you. These guys are usually smoke & mirrors. Those that really did make a lot of money online are often entrepreneurs turned academics with no recent on the ground experience. So you are getting screwed over by them too.

      As for WSOs, generally speaking the people offering the business advice offers are the same people running those ridiculous get rich quick websites (notice the same sensational writing style?). Frankly, I can't believe some of them pull off marketing to marketers so well. It's like, you know what their M.O. is, yet still buy into it.
      DubDub,

      You might be right. All I was looking for really is someone to look at my ideas, help confirm the validity, help me design an execution strategy, and help me stay on course. Is that too much to ask? Can I get that here on the forum?

      If anyone on this forum wants to help me with what I've listed above, being "look at my ideas, help confirm the validity, help me design an execution strategy, and help me stay on course", then I'd love to hear from you. I can't afford thousands of dollars in coaching fees but I don't mine partnership. You instruct and I (along with outsourcers) do the work. Deal? Here is my phone number 404-654-0520.

      Thanks
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  • Profile picture of the author sdentrepreneur
    I started with an Internet Marketing Education Company in 2007, I find having mentors and coaches have been the keys to my success. It's too hard to do alone and too much information out there to be laser focused unless you have some help. Most quality coaching is not free, if you are on a budget, you will have to take the longer route to success.
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    • Profile picture of the author Techguy
      Originally Posted by sdentrepreneur View Post

      I started with an Internet Marketing Education Company in 2007, I find having mentors and coaches have been the keys to my success. It's too hard to do alone and too much information out there to be laser focused unless you have some help. Most quality coaching is not free, if you are on a budget, you will have to take the longer route to success.
      Yeap, I'm afraid you are right. When I had the money I tried to go it alone. Then, after a family tragidy, with no money left, I realized I should of hired a coach. Yeah, sucks for me.

      Anyway, I got an idea after my last post. A partner is a good idea! The computer niche is huge and only getting bigger. Yes it's competitive but that didn't stop me from breaking into the market back in 2005. I was scared to death that I couldn't compete but once I turned on my adwords campaign, it was like I had been in business for years. The calls started coming the same day and I had appointments the next.

      So, here's my idea. I have 20 years of experience in IT. I'm a Microsoft Certified System Engineer (MCSE). I was also Novell Certified when it was popular but let that cert expire. With my knowledge of the computer industry and my close contact with my customers, I know my market pretty well. What I don't know is all the modern Internet Marketing stuff. I have a ton of great computer related domain names and ideas to go with each. I'm sure most are viable, but I don't have the expertise to make it happen, at least not in a timely fashion.

      So, what I'd like to do is partner with an expert marketer. Someone who has a proven track record. Current money producing sites, experience with outsourcers (maybe their own virtual team), technical knowledge or technical team, you know, everything that's needed to jump into a new market without stumbling.

      Now why would a successful marketer team up with me. Well, because all they'd have to do is instruct. I'd do the leg work and they would share in the results. Everyone wants multiple sources of income right? Well, this would be another source of income for you.

      Look, I'm not a dumbass. I'm just overwhelmed with all that's required to compete in Internet marketing. I need guidance. I never new how much was missing from some of these programs until I actually tried to implement them.

      If you are a true newbie you are lucky. If you have learned anything at all stop right there and master it. The more you learn about (without mastering), the less likely you are to be successful, because you will not know where to start or if what you are doing is "the best thing" that you could be doing, so you will be "stuck" just like a lot of us. I know most will not listen to this advice, especially with their inbox being flooding with the "next big thing" every single day, but you have been warned.

      So, you experienced internet marketers; put "your money and your time" where your mouth is. Share in the success of your students. Now that's a "win-win".
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  • Profile picture of the author Maria Gudelis
    For what it is worth...there are great mentors here on the forum and I personally have taken / bought Kevin Riley's stuff - he can focus you. I know John Taylor is offering now a fantastic wso coaching that looks like it will focus you! I'm sure there other great mentors - only go with one that has a GREAT reputation here...

    I paid a while back $997 for supposed one on one coaching and poof - turned out I know more than the 'coach' and he was very unreliable - missing appts etc. or calling me from a loud coffee shop via skype.

    Hope that helps!
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  • Profile picture of the author aawarrior
    IM is not a niche it is a business. You seem to know what exactly you want and have the technology niche with experience. What you lack now is the know how of how to market that baby, bring in the traffic and score on the sale. IM is overwhelming because there are so many ways to do it. One step and at time and you will laught how easy it is to market and how challenging it is to get sale.

    You are your best product in your business. Bank on it.

    Hope that helps.
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  • Profile picture of the author sdentrepreneur
    Really depends what you are looking for. I coach individuals, small and large businesses on How To Leverage The Power Of the Internet To Generate Leads and Sales. Most of my clients have Brick and Mortar business but I have taken on a few Entrepreneurs who are serious about a career in Internet Marketing and making money online. Sadly...many people are looking for "Get Rich Quick" schemes online and don't realize the amount of work it takes to be successful.
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  • Profile picture of the author Rory Singh
    First of all stop calling yourself a 'newbie'. This is a demeaning term that is overly used in this industry. Everyone has value to offer no matter how much experience they have in this industry.

    It sounds like you are frustrated. Great! This is the first step that we all go through. If you are at least getting frustrated, then you are on the right track. Most people will pack it in at this stage. Now the ball is in your court. You can keep at this and eventually become successful or you can leave this industry behind with a bad taste in your mouth.

    However, think about this: After you leave, there will be some other new marketers who will come and stick it out and become a huge success.

    Frustration is a given in this industry. The rewards are endless for the people who stick out the course and finally get the results that they deserve.

    So you made 2 bucks from ad sense. Do you know how many people actually quit long before they even earn a dime? Most do. Two bucks is still something. It doesn't mean that is all that you are capable of making. You have to tweak your marketing efforts constantly to find what works and what doesn't.

    Sometimes little things like the location of your ads and the colors that you use can make the world of difference.

    Now about the coaching issue:
    Most people have the notion that a good coach is someone that is going to teach them all of the short cuts and tricks to become a huge success overnight.

    The truth is:

    A good coach can take your business over and teach you everything that you need to know and do.

    A great coach only points you in the 'right' direction and offers you insight on how you are doing. This type of coach will not babysit you and rob you of your growth. You will be much more successful by having this type of person in your corner.
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  • Profile picture of the author Mike Hlatky
    For those who aren't aware this thread is like 9 months old.......
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  • Profile picture of the author alcymart
    I support a couple thousand students daily. I created my own blueprint to succeeding in IM. PM me if you need more info. My system is not for everyone. It is of course a system based on the essentials. Getting Traffic, List building, selling, and automation of all of the above that yields daily results but requires work, momentum and patience to reach the higher levels.

    If you are losing focus, I can help you whatever system you decide to work with.

    Bernard
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    • Profile picture of the author blogsy
      Hi Techguy

      I tend to agree with Rory Singh get rid of the newbie label that's where the lack of confidence starts in your mind. It's interesting that you had a crack at day trading because to be good at IM and trading you need the same things, I know this because I do both. I must say I have made a lot more money index trading (Australian SPI) than IM because it takes so little time when you know what you are doing. But that doesn't mean you can't do well at IM, you just have to scale up what works. When I first started index trading I spent a few thousand on day courses that I later found out where more about making money for the educators rather than you. It's largely the same with IM, Smart marketers selling to would be marketers.

      When I started day trading I wanted fast money and although I had good basic skills and was following instruction from the courses I had completed, I lost 65% of a $40,000.00 account. What I'm trying to say you can't always believe what you are told, you can take the parts that make sense (to you) and then build on that by trying different approaches, refining what you know not what you've read and dumping what doesn't work, then rebuilding until you have a good working method. You can't use instincts, in trading or IM you need to formulate a method that you know works, then it becomes easy and the money starts to flow. I stuck with the trading and over the following year (2001) I moved completely away from day trading to position trading based on a strong self taught method of charting and market momentum which resulted in a return of 135% pa average on account over the following 10 years. To get there I did as I stated above I kept adjusting the method until I was confident I had what I needed. I was not particularly interested how other traders worked, after I worked out what suited me.

      I started IM to see if it was more profitable than trading (for me it's not and takes a fraction of the time) But for me starting out was similar as with trading, I bought a few courses trying to speed up the process. I got the usual info overload and got nowhere fast. I decided to go back to basics and do what I did with the trading create a method that makes a small profit and build on it. So I taught myself to build sites, I picked a topic (stop smoking), found a product and promoted, I found you need keywords on page 1 of Google to get a decent volume of traffic. It didn't take to long before I started to get sales and I proved that you could make money doing IM but if you really wanted to make real money you have to scale up, dump the sites that aren't worth the effort and build on those that are. IM takes a lot of time and effort so it will never be my main source of income.

      It's not really rocket science but it is a lot harder than a lot of BS artists try to make out. Build a site that makes money then duplicate the method until you reach your required income ... Good luck

      Blogsy
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