Do you agree that IM is the least cutthroat industry to make money in?

Success With Dany · 10-14-2009, 11:28 PM

Compared to music, movie, etc., as there is less saturation, competition, room for expansion, etc. ?

Or am I too green and haven't yet scratched the surface of Internet marketing?

MikeDeiure · 10-14-2009, 11:33 PM

Here's the way I view it:

My main income (as of now) comes from teaching guitar and piano. When asking myself if IM is too saturated to bother getting into I always remind myself of how many people in the US alone make an income by teaching guitar and piano. Why should learning to make money online be any different?

I know you talking more about the perspective of making money with it but I'm pretty sure that there will never be a shortage of new people looking to learn more about new, fun and exciting ways to make money.

My thoughts anyway.

Mike

Tron2k · 10-14-2009, 11:51 PM

Quote:

Originally Posted by MikeDeiure

Here's the way I view it:

My main income (as of now) comes from teaching guitar and piano. When asking myself if IM is too saturated to bother getting into I always remind myself of how many people in the US alone make an income by teaching guitar and piano. Why should learning to make money online be any different?

I know you talking more about the perspective of making money with it but I'm pretty sure that there will never be a shortage of new people looking to learn more about new, fun and exciting ways to make money.

My thoughts anyway.

Mike

Very true im and artist,And my mother-in-law is writing a novel and needs and artist.She posted a craigslist for artists to work on her book,she got almost 20 responses in just our area alone.it was pretty crazy.Glad IM is like a HUGE pool of fish! lol

Catalyst eMarketing · 10-15-2009, 12:16 PM

"Do you agree that IM is the least cutthroat industry to make money in?"

I say it's just the opposite, but depends on your skill level to some degree.

For newbies I think IM is usually the absolute worst place to start. Not only is it hyper-competitive, but it's filled with sharks that already know all the tricks, (including black hat tricks like cookie stuffing) have all the bonuses, have huge lists and many times big reputations.

IM and "make money online" are where a large majority of newbies start and it's just a feeding frenzy of newbies trying to sell other newbies the latest marketing secrets, when they don't yet even know how to market themselves.

So if you are a newbie then proceed with caution. I think it's better to research and find a good niche or a sub-niche that isn't too competitive for starters. It's important for newbies to be able to see some success early on or a large percentage will just give up and quit.

If you are mid level or a pro then you know how to weigh the competition and evaluate a potential market and maybe have what it takes to compete in the IM space.

My 2 cents.

actionplanbiz · 10-15-2009, 12:51 PM

i think Internet marketing takes a lot of Mental fitness / development, causing a lot of positive energy.

siteflip · 10-15-2009, 01:18 PM

Many people much better and more advanced than me have said it all over:

It's a business like ANY other! It used to be the wild west but the dust has settled already.
Treat it like a business and it will treat you like an entrepreneur.

My 2 cents as well

TLTheLiberator · 10-15-2009, 01:31 PM

I agree with 5 star above.

I would not endorse a family member going into the "how to make money on the net" market.

Other lucrative markets are much easier to penetrate with authority.

TL

Success With Dany · 10-15-2009, 03:07 PM

Quote:

Originally Posted by TLTheLiberator

I agree with 5 star above.

I would not endorse a family member going into the "how to make money on the net" market.

Other lucrative markets are much easier to penetrate with authority.

TL

What other lucrative markets??????

yourreviewer · 10-15-2009, 03:10 PM

Quote:

Originally Posted by Success With Dany

What other lucrative markets??????

Dating, Weight loss, golf etc.

activetrader · 10-15-2009, 03:16 PM

Quote:

Originally Posted by Success With Dany

Compared to music, movie, etc., as there is less saturation, competition, room for expansion, etc. ?

Or am I too green and haven't yet scratched the surface of Internet marketing?

I don't think it is. I don't see any difference between IM business or any other business. You have to also remember that most IM business is Google dependent and Google only has 10 stops (by default) on the first page of searches. It is a lot easier to compete locally then online

Robyn8243 · 10-15-2009, 03:45 PM

Internet marketing is probably the only industry where many people make money by "teaching" how to succeed in the industry....but then again is anyone really teaching
what they are actually doing to make money?

When it comes to most IM, I think you learn more by observing how people market their courses than by actually following what they are teaching.

Robyn

10-14-2009, 11:28 PM	#1
Success With Dany Advanced Warrior Join Date: Dec 2008 Posts: 582 Thanks: 249 Thanked 43 Times in 35 Posts Social Networking	Do you agree that IM is the least cutthroat industry to make money in? Compared to music, movie, etc., as there is less saturation, competition, room for expansion, etc. ? Or am I too green and haven't yet scratched the surface of Internet marketing?

10-14-2009, 11:33 PM	#2
MikeDeiure Warrior Member War Room Member Join Date: Sep 2009 Location: Rochester, NY Posts: 18 Thanks: 0 Thanked 1 Time in 1 Post Social Networking Contact Info	Re: Do you agree that IM is the least cutthroat industry to make money in? Here's the way I view it: My main income (as of now) comes from teaching guitar and piano. When asking myself if IM is too saturated to bother getting into I always remind myself of how many people in the US alone make an income by teaching guitar and piano. Why should learning to make money online be any different? I know you talking more about the perspective of making money with it but I'm pretty sure that there will never be a shortage of new people looking to learn more about new, fun and exciting ways to make money. My thoughts anyway. Mike
	Mike Deiure Website: http://www.mikedeiure.com Email: mike@mikedeiure.com "It's good to dream, better to live, but when you live out your dreams you know that you have accomplished something"

10-15-2009, 12:16 PM	#4
Catalyst eMarketing GooglePlaces Optimization War Room Member Join Date: Nov 2004 Location: SoCal Posts: 811 Thanks: 55 Thanked 196 Times in 113 Posts Social Networking	Re: Do you agree that IM is the least cutthroat industry to make money in? "Do you agree that IM is the least cutthroat industry to make money in?" I say it's just the opposite, but depends on your skill level to some degree. For newbies I think IM is usually the absolute worst place to start. Not only is it hyper-competitive, but it's filled with sharks that already know all the tricks, (including black hat tricks like cookie stuffing) have all the bonuses, have huge lists and many times big reputations. IM and "make money online" are where a large majority of newbies start and it's just a feeding frenzy of newbies trying to sell other newbies the latest marketing secrets, when they don't yet even know how to market themselves. So if you are a newbie then proceed with caution. I think it's better to research and find a good niche or a sub-niche that isn't too competitive for starters. It's important for newbies to be able to see some success early on or a large percentage will just give up and quit. If you are mid level or a pro then you know how to weigh the competition and evaluate a potential market and maybe have what it takes to compete in the IM space. My 2 cents.
	Linda Buquet :: Google Places Optimization Specialist :: Catalyst eMarketing Google Places Optimization :: ADVANCED GOOGLE PLACES TRAINING Available Google Places Optimization & Local SEO BLOG :: Latest Google Places News and Tips BEST Google Places Software & FREE Local SEO Tools

10-15-2009, 12:51 PM	#5
actionplanbiz edgedweapons War Room Member Join Date: May 2009 Posts: 959 Thanks: 169 Thanked 63 Times in 61 Posts Social Networking	Re: Do you agree that IM is the least cutthroat industry to make money in? i think Internet marketing takes a lot of Mental fitness / development, causing a lot of positive energy.
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10-15-2009, 01:18 PM	#6
siteflip Active Warrior Join Date: Aug 2007 Location: Canada Posts: 41 Thanks: 2 Thanked 0 Times in 0 Posts	Re: Do you agree that IM is the least cutthroat industry to make money in? Many people much better and more advanced than me have said it all over: It's a business like ANY other! It used to be the wild west but the dust has settled already. Treat it like a business and it will treat you like an entrepreneur. My 2 cents as well
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10-15-2009, 01:31 PM	#7
TLTheLiberator Please get a net biz plan War Room Member Join Date: Apr 2008 Location: , , USA. Posts: 1,428 Blog Entries: 3 Thanks: 1,660 Thanked 740 Times in 572 Posts	Re: Do you agree that IM is the least cutthroat industry to make money in? I agree with 5 star above. I would not endorse a family member going into the "how to make money on the net" market. Other lucrative markets are much easier to penetrate with authority. TL

10-15-2009, 03:45 PM	#11
Robyn8243 HyperActive Warrior War Room Member Join Date: Aug 2007 Location: New Jersey Posts: 355 Thanks: 77 Thanked 77 Times in 47 Posts	Re: Do you agree that IM is the least cutthroat industry to make money in? Internet marketing is probably the only industry where many people make money by "teaching" how to succeed in the industry....but then again is anyone really teaching what they are actually doing to make money? When it comes to most IM, I think you learn more by observing how people market their courses than by actually following what they are teaching. Robyn