Are Internet Guru's Having Money Problems ?

JasonParker

16 years ago

I haven't noticed many bad products being promoted by the gurus, mainly just the major product launches.

Thanks
2 replies

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David_Thompson 16 years ago

Guys this has been going on for the longest time it isn't nothing
new to the IM industry...lol

Just as long as they make their quoter that's it man...

--David
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- John S. Rhodes 16 years ago
  
  I'm not sure, but I do know this...
  
  The smart internet marketers are spending their time building
  their businesses right now. While other people flee they are
  building their lists, strengthening their relationships, and
  driving more value. There's no better time to invest than when
  things are in the dumps.
  
  "We simply attempt to be fearful when others are greedy and
  to be greedy only when others are fearful."
  -- Warren Buffett
  
  ~ John
  
  Thanks
  
  1 reply
  
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  Important message from John S. Rhodes:
  I think you're awesome.
  
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  Denice S. Anderson 16 years ago
  
  Hi John,
  I TOTALLY agree. A good example is the stockmarket
  We keep hearing about all the stocks being dumped at
  rock bottom prices but no one is talking about the
  people who are buying up all these stocks.
  They are the ones who are smart and investing in
  the future. (and hopefully near future).
  
  So my hat is off to all those who are NOT panicking
  and are looking to the future.
  
  Thanks
  
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Jeff B 16 years ago

I wouldn't necessarily call it greed. There are most likely a few possible scenarios at work here...

1. Something closely resembling greed where the object is to make as much money as possible, as quickly as possible. The more money you make now, the less work you'll have to do later. I'm sure a lot of people are like most of us in that an early retirement has a nice ring to it. (Also, you never know when the proverbial shit will hit the fan and the money stops coming in - unforeseen circumstances do happen.)

2. Something closely resembling greed where the object is to make enough money to take care of close loved ones as well as yourself. A lot of people make a good income that can support themselves or even their family, but a lot of people, myself included, would love to make enough where they can take care of their parents (and maybe a few others in the family or even a close friend) in addition to a spouse and children.

3. Something closely resembling greed where the object is to make enough money to make a real, positive difference in the world. Take, for example, the site in Mr. Says' signature - kiva dot org (just picking one example here, there are a lot of other great causes that a lot of other great people support in an effort to make the world a better place)... how many of us would love to have enough money to be able to make a real, positive difference in the world?

Let's also not forget the "you scratch my back, I'll scratch yours" situations where one marketer promotes another's product and down the road the latter promotes the former's product. I'm willing to be that this is most often the case when you start seeing products that are of less than great quality. A lot of big marketers owe a lot of other marketers favors, and it's hard to say no to someone that helped you promote your own product, even when you know their product might not be as high quality as yours.

And there are of course other reasons, such as.. more money = more toys, etc. These types of reasons, where a person is making millions and hoarding it, or only using it to collect houses, cars, and other high-end toys, are in fact straight out greed but sometimes what looks like greed is merely something closely resembling greed.

Straight out greed is wrong, and it's #1 reason that the world's economies are in the situation that they're in right now. Before you label someone as greedy though, it might be wise to learn about their motives and what drives them to make as much money as they possibly can.

Just some things to think about.
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matthewd

16 years ago

I haven't noticed gurus pushing many crap products other than their own.

Care to give some examples?

Thanks
1 reply

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Mr Ex 16 years ago

Hey Matthewd,

I do not want to name names but these are big name guru's.

I just received another email from one of them.

They all read like this... I have not seen this product but after reading the sales letter it seems like a great product for creating your own info products or whatever (fill in the blank)
Check it out at www.blahblahblah.com

They have not even checked it out yet I should buy it so they can make an affiliate commission.

I am not trying to be a whiner here. Financially I am doing just fine. From an integrity point of view I have to wonder about these big name guru's integrity.

Again this is just my observation. I am surprised at how many responses this thread has received within the first hour. I guess I struck a nerve. It's all good.

Thanks For Everyones Responses.

Mr Ex
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- Steven Wagenheim 16 years ago
  
  Of course we're having money problems.
  
  My Lamborghini needs a paint job but I really can't afford it because my
  Catalina Yacht needs a new hull. But I can't fix it because my 227 room
  mansion just got invaded by Riley's hamsters and now I have to pay an
  exterminator to get the little critters out of the place.
  
  You think YOU have problems?
  
  All kidding aside, to assume that a "guru" promotes a product because he
  has money problems is absolutely absurd. As has already been pointed out,
  there are many reasons why any marketer will promote any one thing.
  
  And none of them have to necessarily have anything to do with money
  problems.
  
  Although I would LOVE to get those hamsters out of my mansion.
  
  Riley...I'll get you for this.
  
  Thanks
  
  1 reply
  
  Signature
  
  My Soundcloud Music Channel
  
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  Rod Cortez 16 years ago
  
  Originally Posted by Steven Wagenheim
  
  ...Although I would LOVE to get those hamsters out of my mansion.
  
  Riley...I'll get you for this.
  
  Steven, take a number.......
  
  RoD
  
  Thanks
  
  Signature
  
  "Your personal philosophy is the greatest determining factor in how your life works out."
  - Jim Rohn
  
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lcombs

16 years ago

I know what you mean Steven.

I was so bummed out to wake up this morning and find my Porsche AND the Jag gone I threw my drink across the lawn.

I think it's a matter of natural progression for the gurus.
To get you to promote my product I'll promote yours.
So, the people I get to promote mine, I have that many more to promote for.
Not necessarily greed. But, it does closely resemble it.

But, it would be nice if they stop ganging up on us.
Maybe throw a couple promotions our way.

If I could get 3 of them to do one promotion for me I could probably retire.
Hmmm...
does make them sound a little greedy doesn't it?

Thanks

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Zachary R. Skinner

16 years ago

No way are the gurus having money problems unless making 7 figures is considered having money trouble.

What you are seeing has been going on for year years. It's called greed.

If anything, the internet marketing gurus will actually benefit from the financial crisis as demand in money making information sharply increases.

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JayXtreme

16 years ago

Those hacks... they gone started marketing again.. how dare they do that?

What??.. do they think just because you opted in to their marketing list that you agree to receive info from them.. how dare they..

Where do they get off?/?// pfft I'M SICK OF IT

Peace

Jay

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Bare Murkage.........

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anomaly

16 years ago

Originally Posted by JayXtreme

Those hacks... they gone started marketing again.. how dare they do that?

What??.. do they think just because you opted in to their marketing list that you agree to receive info from them.. how dare they..

Where do they get off?/?// pfft I'M SICK OF IT

Peace

Jay

LOL!! The sad thing is i can relate ... I get all their offers and think I should just unsubscribe but somehow just never quite get around to it ... having said that, you do get useful tidbits of info from some of the emails too ... it all balances out really.

Thanks
1 reply

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Denice S. Anderson

16 years ago

Maybe I am off base here but I actually don't mind
getting the emails from all the super-gurus. I have them
all go to a certain mailbox and then when I need some
new copy-sales ideas they are all conviently in one
place.

I am always amazed at what works as good salescopy
in non-IM niches.

There always seems to be a new or slightly new twist
to their presentations that can be applied to other
markets that actually work to increase sales.

However, I don't think I would ever recommend a product
that a) I had not used, read or applied, and 2) I am not
brave enough to admit out loud that I had not used, read or
applied.

P.S. And yes, I know I used a) and 2) above. Drives editors
crazy......

Cheers,

Thanks
1 reply

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matthewd

16 years ago

Exactly, you can learn so much just by reading and studying what, how, and why they are writing their emails.

Originally Posted by Denice S. Anderson

I am always amazed at what works as good salescopy
in non-IM niches.

There always seems to be a new or slightly new twist
to their presentations that can be applied to other
markets that actually work to increase sales.

Thanks

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innocent07

Banned 16 years ago

Originally Posted by Mr Ex

Hello Everyone,

I have noticed during the past month that I am getting a lot of emails from internet guru's
promoting a lot of other peoples products. Some of the products they are promoting seem questionable.

These guru's should be sitting on piles of money already. Are times really that bad ? or are they just getting greedy ?

This is just an observation. Does anyone else notice this or is it just me ?

Mr Ex

Can you list a name of these questionable products/courses that they are selling....it would prevent us newbies from spending our money to buy them.

Share some of them please.......

Thanks
1 reply

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JohnMcCabe 16 years ago

I think what you are seeing is mainly return back-scratching. Some are just more obvious about it than others.

I've seen the "I haven't seen this yet, but it might be the best..." email mentioned several times. Given the quality of that person's serious offers, it's a pretty obvious return favor.

Even more obvious was the one-liner I got the other day that simply said "go check this out now" with a naked affiliate link...

I'd be ashamed if I repaid a favor that way...
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Mike Williams

16 years ago

It's a dirty secret that some of these big names DO run into money problems from time to time. If you have a lot of employees you can easily see how this could happen. If a launch doesn't perform as well as you planned and you can't pay your employees that month you do have money problems.

But that's not the main reason why they do it. They may do it because they are getting lazy and this is the easiest way to make money. They may also have a reciprocal arrangement with the product owner where they are getting a promotion from them later.

There are many reasons, but there are no excuses for promoting a crappy product.

Thanks

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Darth Executor

16 years ago

Originally Posted by Mr Ex

Hello Everyone,

I have noticed during the past month that I am getting a lot of emails from internet guru's
promoting a lot of other peoples products. Some of the products they are promoting seem questionable.

These guru's should be sitting on piles of money already. Are times really that bad ? or are they just getting greedy ?

This is just an observation. Does anyone else notice this or is it just me ?

Mr Ex

I routinely get crap from "gurus" just looking to line their own pockets by selling huge loads of garbage. Haven't noticed any sudden increase in them though.

Thanks
1 reply

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Frank Bruno 16 years ago

There's a lot of reasons why Gurus are promoting other people's products but most of them are reciprocating joint ventures.

Most of them grew up in the "IM hood" together.

Anyways I posted this numerous times already but you should be on some of the top marketers list merely for due diligence, market trend analysis, so you can see how others are marketing and see how you can integrate that into your own marketing.

Frank Bruno
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Are Internet Guru's Having Money Problems ?

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