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What Do You Think? IM or non-IM

by Mukul Verma
27 replies
Hey Fellow Warriors (experienced warrior, would love to hear your thoughts)

I have been debating for sometime weather to get into the teaching IM niche like many other people. I did 1 video marketing product over the last several months, more because I kept getting asked how I did what I did and was explaining it over and over, so I automated it

Here is my debate
I want to get into IM
- I have run consistently profitable online for almost 6 years straight. I would be very good from experience
- I enjoy helping other people and seeing then grow, but do most grow?
- Not to brag, but reality, when I see dollars, traffic stats of specific #s from the person teaching, mine are stronger. These are people that are really good and have valuable knowledge, I am comparing #s here
- It is easier to be very profitable in 3 niches (IM, Gambling and Adult), personally not interested in the other 2.

I do not want to get into IM
- I want to help people succeed and the failure rate do to lack of action is high
- Harder business to automate completely (which is not fair to others)
- The secret to IM is do work, nothing else, its not that hard

What is your make?
#nonim
  • Profile picture of the author goindeep
    You could always do both ne?
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  • Profile picture of the author Sara Young
    I just went through the exact same thought process myself.

    In the end I decided to go into IM because I really enjoy teaching, and I really love doing IM.

    But I totally see the reasons not to do it...
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    • Profile picture of the author Mukul Verma
      Originally Posted by Andrei Rotariu View Post

      You could always do both ne?
      I will always do non-IM. That is how you learn IM methods, plus that is what I have always done. I am looking to add IM as a multiple source of incomes.

      Originally Posted by Sara Young View Post

      I just went through the exact same thought process myself.

      In the end I decided to go into IM because I really enjoy teaching, and I really love doing IM.

      But I totally see the reasons not to do it...
      Thanks, I thought I was not alone on this one
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  • Profile picture of the author Mukul Verma
    Originally Posted by ProductCreator View Post

    Yes, why not diversify? I am doing the same also.

    Keep your roots in non-IM though. I have no respect for people who make ALL their money from teaching other how to make money. If we all did that then it would just be one huge pyramid scam taking advantage of the people at the bottom of the food chain.
    Your last paragraph is right on my line of thinking, thanks
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  • Profile picture of the author Louise Green
    Tell your story
    Show your results
    Sell your system

    I can't remember who said that or where I picked it up from (it's not my own, it's taken from a marketer much smarter than I) but it's the best way to approach things in this business (marketing anything).

    Everyone making good money from marketing has other niches, like yourself, and the IM niche creates less than 10% of my overall revenue. It sounds like you have a good system for running a good business, it's that system that has the value because it can be applied to any niche.
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    • Profile picture of the author Mukul Verma
      Originally Posted by Louise Evans View Post

      Tell your story
      Show your results
      Sell your system

      I can't remember who said that or where I picked it up from (it's not my own, it's taken from a marketer much smarter than I) but it's the best way to approach things in this business (marketing anything).

      Everyone making good money from marketing has other niches, like yourself, and the IM niche creates less than 10% of my overall revenue. It sounds like you have a good system for running a good business, it's that system that has the value because it can be applied to any niche.
      My story the one that you dont want to hear. #1 - I did not about Internet Marketing and WF methods til after 3-4 years, learned the hard way. #2 I kept a job for 4 years while building my business which most people would not have the patience to do.

      Thanks for the advice, I am gonna look at my business and see whats successful.

      I have one simple thing I did which took me 30 minutes and has given me I think almost if not over 10,000 people on a email list. I am all for consistant income, traffic, email, NOT fast, fast and gone. I had created 2 video on it. I may do a WSO and if you 4 see it, hit me up and I will give you a copy at no charge. I also do have videos I made for training outsource employees.

      Thanks for suggesting to look in my business system
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      • Profile picture of the author Sara Young
        Originally Posted by Mukul Verma View Post


        I have one simple thing I did which took me 30 minutes and has given me I think almost if not over 10,000 people on a email list. I am all for consistant income, traffic, email, NOT fast, fast and gone. I had created 2 video on it.
        This looks like something people would be interested in.
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  • Profile picture of the author Adrianne_
    If you have developed a method that has worked consistently for you, then I say go for it. Other people can learn from your pitfalls and mistakes. You definitely won't have a shortage of people to teach. Your biggest challenge may be to figure out how to get people to see that your lessons are better than the rest that's already out there. You have to find a way to make it stand out; let them know what's different about yours.
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    • Profile picture of the author Mukul Verma
      Originally Posted by Adrianne_ View Post

      If you have developed a method that has worked consistently for you, then I say go for it. Other people can learn from your pitfalls and mistakes. You definitely won't have a shortage of people to teach. Your biggest challenge may be to figure out how to get people to see that your lessons are better than the rest that's already out there. You have to find a way to make it stand out; let them know what's different about yours.
      Thanks, here is the big secrets in my opinion
      #1 - Consistently take action and work on it
      #2 - Be okay with everything not working, most will not
      #3 - What works at one time or one business, does not mean it will work for another time or another business (Example, I get a couple thousand people from Yahoo Answers a month, my Mom got banned in a day for her business).

      Anyways, I am ranting on now.....

      Would love to hear others opinions on what they think?
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  • Profile picture of the author talfighel
    I would do both and see what works better for you.

    Tal
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  • Profile picture of the author wbeil48
    With your experience, I would definitely look into mentoring newbies to IM. You might consider putting together a membership site along the lines of what Chris Ferrell has done at: http://budurl.com/freevids -- I know that I have really, really gotten a lot out of his site, especially his "from the ground up" approach and step-by-step methods. If you could do anything like this I think you'd make a killing.
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  • Profile picture of the author tryinhere
    If your still debating / unsure I would say your not quite ready. As a teacher your students will be looking at you for firm decision making and direction ( people follow people who know where they are going ) and your role will be one of leadership with others following your direction.

    When you stop asking yourself and you feel it in the pit of your belly that it's time then you will be good to go, but don't walk out on stage with the big spot light on yourself unless your ready to tap dance like Fred Astaire.
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    • Profile picture of the author Mukul Verma
      Originally Posted by tryinhere View Post

      If your still debating / unsure I would say your not quite ready. As a teacher your students will be looking at you for firm decision making and direction ( people follow people who know where they are going ) and your role will be one of leadership with others following your direction.

      When you stop asking yourself and you feel it in the pit of your belly that it's time then you will be good to go, but don't walk out on stage with the big spot light on yourself unless your ready to tap dance like Fred Astaire.
      Thanks for the responses guys!!!!

      Here is the pit, the success rate is low on student who learn, take action and succeed. Sorry to say at no fault of leaders many times, student dont recover there money, thats my put

      I do help people at no charge right now, that way there success is up to them.....
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      • Profile picture of the author Tsnyder
        Originally Posted by Mukul Verma View Post

        Thanks for the responses guys!!!!

        Here is the pit, the success rate is low on student who learn, take action and succeed. Sorry to say at no fault of leaders many times, student dont recover there money, thats my put

        I do help people at no charge right now, that way there success is up to them.....
        Their success is up to them whether you charge or not.

        Tsnyder
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        If you knew what I know you'd be doing what I do...
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  • Profile picture of the author Mukul Verma
    Off to the Toronto Internet Marketing Meeting
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  • Profile picture of the author MrMike
    Hey Mukul,
    go for what ever your passion is..
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  • Profile picture of the author Mukul Verma
    Thanks for the tips guys and gals
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  • Profile picture of the author The Oilman
    Teach IM if you're a millionaire niche-wizard someday. Otherwise, you're just a poser like _____ ____. Follow true niche marketers like Deiss and Belcher, my heroes. Become a master of niche marketing, and then teach
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    • Profile picture of the author Mukul Verma
      Originally Posted by The Oilman View Post

      Teach IM if you're a millionaire niche-wizard someday. Otherwise, you're just a poser like _____ ____. Follow true niche marketers like Deiss and Belcher, my heroes. Become a master of niche marketing, and then teach
      I agree making 7 figures would be a great requirement. How many people make 7 figures outside on a single niche site??

      Another Warrior, Daniel, once said to me at a meetup that you can only make 7 figures in 3 industries which are Gambling, Adult or Teaching people how to make money.

      Does anyone make 7 figures outside IM and then teach IM?
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      • Profile picture of the author Hesaidblissfully
        Originally Posted by Mukul Verma View Post

        I agree making 7 figures would be a great requirement. How many people make 7 figures outside on a single niche site??

        Another Warrior, Daniel, once said to me at a meetup that you can only make 7 figures in 3 industries which are Gambling, Adult or Teaching people how to make money.

        Does anyone make 7 figures outside IM and then teach IM?
        If you're talking about people selling information products, Eben Pagan was successful in another niche (dating), which he said generated over 7 figures a year. Then he started teaching internet marketing. I'm not sure of any other people at the moment. I don't think many other internet marketing teachers have spoken about how much they generate from other niches though.
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        • Profile picture of the author Mukul Verma
          Originally Posted by Hesaidblissfully View Post

          If you're talking about people selling information products, Eben Pagan was successful in another niche (dating), which he said generated over 7 figures a year. Then he started teaching internet marketing. I'm not sure of any other people at the moment. I don't think many other internet marketing teachers have spoken about how much they generate from other niches though.
          It should be a requirement to have the proof first. Seems like the big big guys do like Mike Filsaine, StomperNet, Eben Page who treat it as multiple streams of income which is the way it should be.
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  • Profile picture of the author Brandon_Walker
    If you feel you have knowledge and expertise in IM then I say go for it. You also have to be passionate about IM and be prepared to really work to get your site known. Like you said you have to take action - I couldn't agree more.

    I know what you're going through, I had the same debate with myself just a few months ago. In the end I decided to go for it, because I felt strongly that I could provide my own personal perspective on IM and help people grow their business. Whatever you decide, I hope it does well.
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  • Profile picture of the author Hesaidblissfully
    Originally Posted by ProductCreator View Post

    Yes, why not diversify? I am doing the same also.

    Keep your roots in non-IM though. I have no respect for people who make ALL their money from teaching other how to make money. If we all did that then it would just be one huge pyramid scam taking advantage of the people at the bottom of the food chain.
    Could you clarify what you mean? I'm not sure how teaching people how to market a product or service would constitute a pyramid scam. If you have a course that teaches people how to make money from creating and selling information products, people should be able to take that information and go out and use it to create and promote information products in any niche they want, no? I think maybe what you mean is that you have a problem with people who teach people how to make money by telling people to sell products about how to make money, as this would fall closer to a pyramid system, IMO.

    A pyramid scheme as I understand it is where you're making money selling a system that shows people how to make money selling the exact same system. In a pyramid scheme, there's no product or service attached except for the system itself. If you're just offering a general education on how to sell stuff, then it wouldn't constitute a pyramid scheme.

    In any case, to the OP I'd say go for it if it's something you want to teach. Sure, some people won't take action or see results, but if you help at least a few people improve their lives for the better, I think it could still be quite rewarding.
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  • Profile picture of the author BigGameHunter
    The answer seems pretty simple. In the end you need to ask yourself what do you enjoy most.

    Seems you are successful at both. Money doesn't seem to be part of the equation, so do what do you enjoy the most. No one else can answer that.

    Most Men Live Lives Of Quite Desperation!

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  • Profile picture of the author Mukul Verma
    Another idea has come to me and I wanted to know the demand for it.

    Something a lot of people struggle on is outsourcing. What would the demand be to create a membership site to train outsource employees?
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  • Profile picture of the author SupermanMJ
    I say diversify. There is nothing wrong with doing both.
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