Stable Business Structure VS. Quick Money Making Methods

[Tristan Bull]

Hey Guys,

So I have noticed a bit of a trend now days where people are jumping on all types of quick fix money making methods.

Now I am not saying that there is anything wrong with that but I am just wondering if there has been a general change in the way people make money online.

Personally I think the best way is to develop a strong million dollar business structure that ensures you are makes sales day after day.

One of the most attractive things about Internet Marketing is that once you have it all set up and everything running smoothly it pretty much runs by itself.

So has the old way of creating a product, a website, a sales process etc. been replaced by quick money making "methods" ?

Love to hear what you guys think.

Cheers,
Tristan

[designfuschion]

I've been observing the IM thing for past few years and i actually think there is always the crowd that think 'i gotta make money quick' 'gimme a solution now'.

I think it's wise to create a plan with either an end goal in sight and even an exit strategy. This is just common business sense.

Either stay stuck in job,try to make your money now..or set it up for the long term.
I'd prefer the latter.

Right now as much as i want the money to fall into my lap(I need $10k) i know that i have to take action and build it up.

I also think,some of the methods fool newbies into thinking that it's easy to get started and riches are possible overnight. I know back around 3yrs ago,i thought adsense was the way to go. I soon worked it out that it's great for an already large site.

I also think,as new apps come out it opens the gates for those that can discover quick money making methods. Of course those first movers will invariably make more money than they promise to their customers.

[khairulazan]

The quick money making method is a not viable business model..

I cannot replace the real business...

The real business grow stronger while quick money making method get weaker...

[Desmond Ong]

Don't ever underestimate the power of quick money making methods.

Sure they sounded like a short-term business but the revenues you generated from them might just be the catalysts to improve or scale your long term business.

[Alexa Smith]

Originally Posted by Tristan Bull

So I have noticed a bit of a trend now days where people are jumping on all types of quick fix money making methods.

They are. It's the economy, I think. People's degree of "due diligence" tends to be in inverse proportion to their sense of urgency.

Originally Posted by Tristan Bull

Now I am not saying that there is anything wrong with that

Aren't you? I am.

Originally Posted by Tristan Bull

but I am just wondering if there has been a general change in the way people make money online.

I suspect not; I think the change is only in the ways that people try to make money online.

[tomw]

Many people get into IM as a quick fix. Because of the selling techniques of many of the magic pill brigade, the general perception is that you can make a quick killing online.

This of course is true.

For example, if you had some money to invest, many members here, including me, could show you how to double or triple it within a couple of weeks or less.

However, most people that get into IM don't have any money to invest and as stated are looking for a quick fix. They do not approach their initial foray into IM as a fully fledged business but more of a "I'll have a go at this tactic and if it makes me a shed load of money I'll keep going," affair.

As we know, most fail.

However, for the astute, the quick fix can provide cash flow to scale up to a fully fledged business. Also, the initial revenue "proves" to the beginner that real money really can be made and this success fuels their confidence and provides great motivation for the well worn approach of deploying, testing, perfecting and scaling.

There's no right or wrong way.

I have frequently made six figures from many "quick fixes" such as single CPA campaigns (admittedly, as part of a much larger business structure and strategy), but have never bothered with creating an infoproduct and suffered the uncertainty of success, the tedious, laborious process and the annoyance of dealing with customers. By the same token, we all know people regularly making six figures from their infoproduct sales.

Countless people on this very forum have "strong million dollar business structure(s)" but most arrived at them in completely different ways.

Tom

[he_august]

In my opinion, most of people do both method, either the fast money making or stable business... its just that maybe they not realize it...
Lets say that someone try method A, and its doesn't work, then tried method B, and failed again, then tried method C... and so on...

I think they build a business without they realize it, but the point is that they leave the failed method behind...

If they work on the stable business method and they success, then they will follow the method... On the contrary, if they find that the other method works, they will follow it instead...

Its not the persons way of thinking that matters, but which method that works that affect how people think...

Just a personal opinion... :>

[BIG Mike]

I always guide people I'm mentoring to strike a balance between short-term, "Fast Cash" opportunities and developing sustainable, long-term models. By long-term, I mean thinking 5, 10 and 20 years down the road.

Done properly, you eventually eliminate the "Need" to focus on scrounging up quick cash, but the option is always there if you want it.

However, my own preference is to make every effort I put into it have some long-term ROI - so I can coast when I want to and not worry that I'm going to run into a cash flow problem.

I think working a model that depends entirely on fast cash is a lot more work in the end than anything else. This is especially true for those in the service business - once they stop providing a service, their income from that stream dries up as there's no residual effect.

[jrmnlitt]

I think there are alot of people just looking to make a quick dollar. I don't think there anything wrong with that as long as they are not misleading anyone to make that dollar. I still believe that no matter what you are doing if you want to build a income and leave the rat race you will have to build a sold long term business and not the quicky methods that will always be around.

[Kevin AKA Hubcap]

There's nothing wrong with short term opportunities as long as you keep your long range plans in mind in fact many businesses have turned short term opportunities into long range money makers.

I think it turns into a matter of how much energy/time/resources you're willing to commit. If you have a viable, working, and profitable (or on your way to profitability) long range plan then you don't want to over commit on a short term gain but still there's nothing wrong with testing the waters.

Don't be so quick to dismiss a short term opportunity because it could be your next oil well.

Kevin

[madison_avenue]

The quasi-anarchical structure and paradigm jumping nature, of the web is conducive to quick "short term cash generation". But we have have been conditioned by conventional, traditional business thinking, and vague feelings of guilt, to believe that it is somehow wrong, not stable, but nothing is stable.

The fact is though ,the dollars are the same color whether earned using an "opportunistically quick method", or it is the result of diligent and laborious market research in "building a business", no method is operationally or morally superior to the other.

At out our under capitalized levels( we are not large companies), there is no such such thing as a "stable business model" on the web , where you can be instantly back engineered to oblivion, and are also constantly beholden to the vicissitudes of the google search engine algorithm.

[FBisMoney]

Desmond hit it right on the head. Quick money making methods are just that, unsustainable ways to make a quick buck to help fund your viable and long standing business.

Originally Posted by Desmond Ong

Don't ever underestimate the power of quick money making methods.

Sure they sounded like a short-term business but the revenues you generated from them might just be the catalysts to improve or scale your long term business.

[Tristan Bull]

Yeah I have and know my fair share of quick money making methods but relying on them alone just doesn't feel stable and secure. It feels like you always need to be on the look out to find the next quick money maker before the one you are using stops working.

But with a strong business that has a secure business model that is structured to allow growth you can simply research, test, tweak and continue to expand your business and your profits.

The short term cash is probably easier and there is nothing wrong with having a few ways to make a quick buck but the long term model I beleive is more rewarding and ultimately more profitable.