how to make quick money with IM vs. a long term IM business.

Good point Steve, but this is the Warrior Forum, where thousands come to find ways to make 10 dollars a day or 100 dollars a day.

They come from around the globe and many lack basic business understanding and perhaps have seen some of the easy peasy set it and forget it copy which sells many on the idea of Internet Marketing in the first place.

The failure rate of new business start ups is HUGE, one reason is lack of knowledge and the other lack of income at a rate fast enough to sustain their efforts...

which is where a fast cash strategy can come in handy.

But even with that, again, so many are not suited to be business owners, with all of it's requirements, so they may be interested in using IM to simply put some moolah in their pockets NOW.

Thanks for your always good comments.

gjabiz

Who are these "people" you recommend this advice to?

The HUGE 99% failure rate of new starts in business suggests MOST people are not suited to start and are incapable of building a business, which are most of the Warrior Forum visitors, so your advice isn't very good for them, is it?

gjabiz

And this is one point I'm trying to make.

Many, if not most, Warriors speak from THEIR experience, for you the long game is YOUR focus...but so many come here with a need to pay their bills TODAY, they can't think in the long term.

So, maybe a combination of a long range PLAN, which is lacking in most starts, along with some quick cash could help the Warrior sustain their efforts.

Also, very few Warriors start with a plan, and that is, perhaps, why it takes them years to build a business instead of a few months.

gjabiz

In YOUR CASE. It is your experience. With a short term quick money approach you don't need to be building anything, you are making money NOW.

What and how one uses the money is what matters. Maybe some invest their NOW money into an offline business and own it remotely, or they are absentee owners.

30 sites? Who needs 30 sites? Again, if you are speaking from experience, it is the way you have chosen your IM, but many many people, going back to 1997 have built ONE site, and have streamlined and automated their processes to the point of having TIME and Money and not being stuck with having to even think about it, let alone 30 sites. YIKES!

gjabiz

The high rate of failure experienced by start-ups is basically a problem of planning. Like most people have pointed out here.

Most start ups also neglect the issues of money management. Some of them make money at the beginning, but they lose it because of financial illiteracy.

If you really want to succeed, you should really learn and plan extensively.

Joseph Sam

I started this thread for discussion purposes, a discussion of making money and/or building a business using Internet Marketing, and with the knowledge we are at the Warrior Forum.

There are tens of thousands of people come here seeking HOW to make money information. They can (and in many cases, probably should) build a business or they can simply make money without a business.

You said; "You have to want it and want it bad!"

It has been the successful Entrepreneur's mantra forever, the fire in the gut is what puts many over the top.

Within that saying are the problems most Warriors face,

#1 What to WANT.
#2 And what is "bad"? Many will say, to do WHATEVER it takes.

In the classic book, THINK AND GROW RICH, Napoleon Hill states DESIRE (the want) is the starting point.

We see here daily, and have for the last couple of years, the desire, the want and often the NEED is how to make money, quickly.

It tells us experienced marketers the person doesn't know what they want.

They have an idea, a concept and perhaps the soul consuming desperation we find in the most popular threads.

We don't see a majority of ENTREPRENEURS here, a handful may become that way with some success.

But we don't see it in the real world either, just because a person owns a business doesn't make them an Entrepreneur, if you use risk/reward as the standard bearer for Entrepreneurship. Many business owners are just clerks, who happen to run a business selling what some people want and or need.

What we do see here at the WF is...

MY way, I did it, I'm going to, what worked for me is, etc., etc.

One size business does not suit all of us and just because it took any given
Warrior four years to figure it out for them, doesn't mean they have created a blueprint everyone can follow, otherwise we'd have ONE master WSO.

Lots of new business opportunities, especially for those with some money to invest in them. In lieu of money, TIME is often spent learning and building.

Just as there are lots of new (and old) business ops, there are also a lot of money making opportunities, such as buying and selling, as in the TV example.

Today, with sites like Fivver, Advice Network and even the Freelancer groups, there is an opportunity to do a "gig", a one off money making opportunity. How much one makes depends on what sort of gig they do and for whom.


A busker in NYC can pay their rent with their music, while Taylor Swift makes millions with her music, In IM that would translate to ...

just do what Taylor Swift does.

HA! A freelance entrepreneur (small e) can make money all day long without having to build or tend to a business.

And I agree with everyone who has said building a business is a wiser course of action, for many...but not for most HERE.

But knowing what to want, and the why behind the want is the crux of the problem of desperation and lack of IM success.

The best plan in the world for building a tall skyscraper isn't going to do the guy in the tent much good, if he lacks the want and desire to build one.

All discussion on this thread is a part of building a business vs making money and all opinions are welcome, there is no right or wrong answer.

I'm just trying to create a dialog where we can get to the crux of the problem and assist those, so in 2016 we don't have to see the same posts we saw every week in the last 2 years. Wouldn't that benefit us all?

gjabiz

Dear Buddy,

Your stupidity galls me.

My IM friend, your signature link is about making money in 7 days, is it not?
Doesn't that translate into a "quick buck"?

I doubt you will make it to 50 posts with your spam.

Do yourself a favor, get a new account, this one won't last long.

gjabiz

W

Every single thing you mention is available here at WF, with a little searching, or a little money spent.

Over the last couple of years there have been scores of low cost WSO's which give the details on how to set up a squeeze page attached to an autoresponder series.

If your plan lacks the HOW TO it is because you've been lazy putting it together. ALL the how to you need is available for free with some search effort, and with a little money, you can expedite that search.

BUT, any PLAN not fueled by purpose and supported with Action and Adjustment, doesn't have much value.

So, in this instance, the old saying putting the cart before the horse, would translate to...

Having a PLAN to build an Internet Business without having a REASON why, would fit the bill.

WHY do you want an IM biz?

gjabiz

So, ask your questions. I'll find you the answers. For free.

gjabiz

I think some people fail to differentiate between "building a business" and "building an empire." I've met real world business owners who have very stable businesses, and have deliberately kept them small. One runs a breakfast and lunch place near one of our beautiful beaches. They open early for breakfast, serve lunch until early afternoon, then close and head for the beach themselves.

They both retired from more traditional entrepreneurial ventures, so amassing the greatest amount of money isn't the point. They make enough to supplement the returns on their investments, and they're content with that. No one could convince them that they don't have a real business just because they aren't trying to dominate the local restaurant scene.

Also, the people looking to make $50 or $100 per day aren't all from third world countries.

$100 per day is about $36k per year.

Many retirement planning models suggest that a person reaching age 65 could withdraw 4% per year from their nest egg and never exhaust it.

Using that model, that simple, dependable $100 per day "moneymaker" would be like having an extra $900,000 in their nest egg.

And if you are over 50, the odds of building a $100/day cash flow are much better than putting away an extra $900k.

Why do you not stick with a niche? What is your struggle?

gjabiz

For some reason this struck me as funny but also a little sad. I guess an oxymoron of sorts and somewhat self defeating !

Why don't you quit looking for something you will stick with and quit overthinking it .
Just look for a Niche that you can somewhat identify with and quit worrying whether you will stick to it or not and just let the whole process of pursuing the Niche "take over "

- Robert Andrew

Buy what...?

Sometimes in business, we buy nothing.

Sometimes we buy things, that aren't resold.

It might be easy in areas of business where that rule actually applies but it doesn't sum everything up.

NO, this does not sum it up. The answer to your question about it being easy is NO, it isn't!

But, I'll offer a summary.

Internet Marketing can be a way to start and build a business as well as a way to put some quick cash in your pocket.

Building a business is for most people a longer term strategy and probably a better idea to give your time and attention to in the beginning.

Two ways to build a business,
1) PLAN and execute, with adjustment.
2) FIRE. Just do it. Then fail forward until you have something which works.

The second way is the method many Warriors use.

Unfortunately, too many are DESPERATE and need money now to live and they have turned to IM as if it were their fairy Godmother, wanting to shower untold riches on their heads.

So, a business might be the best goal for many if not most people interested in IM.

Those camps seem to be divided into:

A. Do what you love or have passion about.
B. Do what you know based on your experience, knowledge and skills.
C. Find a market first.
1) Look for fish in a feeding frenzy and drop in the bait they like.
2) Look for groups with problems you have a solution for.
3) Tired market that needs refreshed
And those are the top general ideas.

The problem is a lack of business knowledge, which can be overcome with study and learning.

There is plenty of evidence here that inexperienced business people started making money, some even reaching 6 figures a year, but more money didn't solve or overcome their ignorance and POOF, their IM business vanished in less than a year.

Making money and keeping it, are two different skill sets.

That is a brief summary of starting an Internet Marketing business.

My opinion is: the fail happens at the beginning.

There is a saying in the used car business which is, " You make your money when you buy." It means there has to be stored value in the car you are going to resell. So the CHOICE of which cars to buy is the key.

The CHOICE you make about the type of IM you do, will often determine your success or more likely your failure.

It could be due to aptitude, attitude, market flux, or just a bad fit...you chose something which doesn't suit you.

It is complicated by the choices, which are overwhelming, too many things to try.

Take some time, choose carefully, PLAN then execute/adjust, and you stand a chance with your IM biz.

BUT, IF you are desperate or just looking to supplement your income or to generate some income, then you simply look for one off and or other types of making money opportunities. So far I've given a few, but here is that summary.

1) Sell your TV, and use the money to make more. Buying and Selling is a multi billion dollar worldwide activity which can be as simple as you putting your TV on the front porch with a sign...to buying truckloads of things and shipping them around the world to sell to other people.

2) Write or have written a specialty report, start with something Warriors would like to buy, found out by seeing what the WSO section is offering. Use your sig file to market your report. All needs for this can be found for free, except for the material, and Fiverr could be the cheap place to find that.

3) Do something. From providing a service, like translation or transcription service to washing windows and mowing lawns, use this off line cash for your online activities.

So, buy and sell. Write or have written. Do a service.

But making money for most is a one off deal, they don't know how to turn it into a business or an ongoing venture OR, they are in too low of a profit situation.

A person has recently collected a 25,000 US dollar fee for introducing a buyer to a seller of a million dollar yacht, these are Finder's Fees. I believe there was a recent WSO about Fees for Franchises or something like that.

Collecting thousands of dollars from your efforts as the middleman (sometimes called arbitrages in IM) has always been available...think of dating sites, they are "middleman" businesses.

So, my food for thought for 2016 can be summed up this way:

Start a business.
Make money.

Whichever suits you, is the right choice.

gjabiz

PS. And nothing says you can't do both.