Where are the money these days?

33 replies
I have been following the internet marketing business from the sideline since the mid 90s. Back then you could make a ton of money selling anything online since the competition was non-existing. Then on to the start 00s where all you needed was a basic knowledge of SEO and grey-hat tactics to get any page on the top pages of Google and monetize that traffic. From the mid 00s it seems that blogging and building lists has been where a lot of money has been made. From the end 00s you could earn good money just buying stuff cheaply overseas and selling it online or on ebay with Google Adwords ads. Also at this time a whole new world of apps appeared out of nowhere - a ton of money was made on the app stores during the first years. Then from the start 10s it seems that the big craze is around social media. Having a website seems not to be enough anymore - you need to establish an online presence and tell a compelling story across platforms to build a business online.

My point of this timeline is that competition is ever-increasing and so is complexity. However, at any given time, easy money has existed on the internet if you looked to the right direction.

My question to you guys is: where is the money to be made these days?

I read a lot about blogging, building a following and monetizing that. However, that has been the word for a decade now and it just seems to be an extremely crowded space.

I am somewhat a newbie in this field, although not a newbie in business - I have a good income and a long career in both programming and management. I just feel disconnected from the business world altogether and dream about total independence from bosses and offices.
#days #money
  • Profile picture of the author agmccall
    It is in the same place it has always been. Where would you think it would be.

    al
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    • Profile picture of the author GordonJ
      Originally Posted by agmccall View Post

      It is in the same place it has always been. Where would you think it would be.

      al
      All he needs is a new map. And, I just happen to have one. But, can't share it publicly, may for 19.95 plus shipping and handling though. It is updated daily because the money moving team changes every 24 hours. Today it is in Atlanta.

      And selling maps to new miners (along with tools) has been an evergreen market since he started watching the Internet money movers.

      I'll explain it to him in a separate post.

      GordonJ
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    • Profile picture of the author LightningSimon
      Al, you probably mean the money is in building audience, providing value and monetizing it. I agree on that part.
      But that's on a strategic level, and what I'm referring to in my post is the tactical level. You must decide on tactics regarding technology, platforms, media and I can't figure out if the old tactics still work.

      Do you think there's still money in creating a blog, writing quality content, signing them up for a mailing list and monetizing that?

      eCommerce today seems to me a lot more complex and involving a new type of cross-media communication. Basically the audience has gone from Google to a wide array of platforms including search, social media, app stores, review sites etc.
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      • Profile picture of the author agmccall
        Originally Posted by LightningSimon View Post

        Al, you probably mean the money is in building audience, providing value and monetizing it..
        Actually what I mean is. The money you and everyone else wants is in other peoples possession and you need to figure out how to have them transfer it to your possession.

        One person said "The money is in your fun" That is ridiculous. People will not part with their money so you can have fun, they will part with their money so they can have fun.

        What do you love, what is your passion? Me,Me, I, I. This is the problem with many Internet marketers and Internet marketing advice givers. Find out what other peoples wants needs and desires are, then provide it to them

        al
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        • Profile picture of the author BigFrank
          Banned
          Originally Posted by agmccall View Post

          What do you love, what is your passion? Me,Me, I, I. This is the problem with many Internet marketers and Internet marketing advice givers. Find out what other peoples wants needs and desires are, then provide it to them

          al
          Precisely. You own passion for anything is almost meaningless. What matter is the other person's passion for something that you can sell them.

          Frank
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          • Profile picture of the author TrafficFlow
            Originally Posted by BigFrank View Post

            Precisely. You own passion for anything is almost meaningless. What matter is the other person's passion for something that you can sell them.

            Frank
            I agree. for example, I happen to have a passion for Havanese puppies, but if I decide to launch a dog site it will probably feature more popular breeds such as Labradors and Border Collies as the Havanese breed is not a big enough niche.
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  • Profile picture of the author GordonJ
    Originally Posted by LightningSimon View Post

    I have been following the internet marketing business from the sideline since the mid 90s.


    Back then you could make a ton of money selling anything online since the competition was non-existing. Then on to the start 00s where all you needed was a basic knowledge of SEO and grey-hat tactics to get any page on the top pages of Google and monetize that traffic. From the mid 00s it seems that blogging and building lists has been where a lot of money has been made. From the end 00s you could earn good money just buying stuff cheaply overseas and selling it online or on ebay with Google Adwords ads. Also at this time a whole new world of apps appeared out of nowhere - a ton of money was made on the app stores during the first years. Then from the start 10s it seems that the big craze is around social media. Having a website seems not to be enough anymore - you need to establish an online presence and tell a compelling story across platforms to build a business online.

    My point of this timeline is that competition is ever-increasing and so is complexity. However, at any given time, easy money has existed on the internet if you looked to the right direction.

    My question to you guys is: where is the money to be made these days?

    I read a lot about blogging, building a following and monetizing that. However, that has been the word for a decade now and it just seems to be an extremely crowded space.

    I am somewhat a newbie in this field, although not a newbie in business - I have a good income and a long career in both programming and management. I just feel disconnected from the business world altogether and dream about total independence from bosses and offices.
    It is simple, really. Find a hangout of people who believe there is always easy money to be made, say a place, um, like the warrior forum. Look for ones who share your dream of independence.

    Then, Claim you have discovered the laterst and greatest NEW THING, NEW way of making easy money. Maybe use a WF WSO.

    Since you have observed this for two decades now, watching where the money is going and all, you are in the right place at the right time.

    There exists a no larger congregation of people in the world looking for the IM easy money, here they are, right here at WF, very low hanging fruit ripe for the picking.

    GordonJ
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    • Profile picture of the author LightningSimon
      Gordon, I get your point, and I actually think you're quite right. To me it seems the real money outside of selling IM products always required a technical insight or skill that has been way beyond the average person. For example:
      * Mining Bitcoin in the early days required you to be somewhat a cryptography expert and internet pioneer
      * Selling stuff online in the lates 90s or early 00s required technical skills about HTML, credit card gateways and web design.
      * Developing apps in the late 00s required expertise in programming, design and UI/UX
      All of these examples (and there are a lot more) have the fact in common that there are almost no money left in these market for the average person.
      Maybe I'll stick to my 9-5 job in investment banking.. or create my own IM product as you suggest Gordon
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      • Profile picture of the author GordonJ
        Originally Posted by LightningSimon View Post

        Gordon, I get your point, and I actually think you're quite right. To me it seems the real money outside of selling IM products always required a technical insight or skill that has been way beyond the average person. For example:
        * Mining Bitcoin in the early days required you to be somewhat a cryptography expert and internet pioneer
        * Selling stuff online in the lates 90s or early 00s required technical skills about HTML, credit card gateways and web design.
        * Developing apps in the late 00s required expertise in programming, design and UI/UX
        All of these examples (and there are a lot more) have the fact in common that there are almost no money left in these market for the average person.
        Maybe I'll stick to my 9-5 job in investment banking.. or create my own IM product as you suggest Gordon
        Today, try podcasting market, big and growing, just look at the questions here about it. Put together a few podcast kits, including mics, mixers etc. I live near Audio Technica HQ and stockup at their annual sale.


        Yes, the tech plays a role, but most money making ideas....may offer one a chance of outsourcing that but the bottom line for all money making opportunities including the subjective EASY money is:

        An exchange of value between people. With your tech background I guarantee you have a few "information" products in your head, and the same system for selling that info hasn't changed in 20 years.

        You have to have it ready in a consumable form
        Let the target market know it
        Take their money and deliver what they want.

        Sure, an oversimplification, but it is and always has been a pretty easy route to quick cash....Joe Karbo used in the 70's, and Tai Lopez is getting rich today with a similar system.
        And plenty of affiliate products to offer too.

        PROSPECT, PRODUCT, PROMOTION, MEDIA has worked for decades and still works today.

        GordonJ
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  • Profile picture of the author BigFrank
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    Originally Posted by LightningSimon View Post

    However, at any given time, easy money has existed on the internet if you looked to the right direction.
    That's just a big, boatload of hooey! 'Easy' is a relative term. If what you stated was true, we'd all be in Tahiti.

    Frank
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  • Profile picture of the author DIABL0
    I started in the late 90's and I'm still doing the same thing as I did back then.

    I promote PPL (pay per lead...lead generation) offers. The key reason is that there is no credit card / purchase required to complete an offer. All a user has to do is fill out a form, so conversion rates are typically much higher than offers that require a sale.

    Bottom line and especially in theses times, it's just far easier to get someone to fill out a short form than to take out their credit card and make a purchase. So why struggle with trying to sell them this or that, when you could just provide free information to users that they actually want/need and get paid well doing it. I was just lucky that this is how I started my internet marketing career and there was never any reason for me to change it.

    The first few years I actually developed my own offers and sold the leads directly to end buyers. Then once CPA networks started to pop up, it was much easier to just get the offers to promote from them. Which is mainly what I have been doing for the past 16+ years now.

    I favor offers that have a make, get or save money benefit to them, as they have overall worked the best for me and tend to have the greatest mass appeal (will be of interest to a large general audience). So the potential to generate high volume exists and cross promoting offers is fairly easy.

    Some verticals I have done extremely well with are education, insurance, debt, mortgage, discount offers, assistance, credit, loans, homeowner offers. etc...

    To generate traffic I acquire fresh / targeted 3rd party data (email). Which is data that the user have provided permission to receive messages from third parties. Which is 100% can-spam compliant and has absolutely nothing to do with spamming.

    Which then based on the user's interest, I match it with a relevant offer. So if they are requesting info about life insurance, I send a life insurance offer. If they are interested in furthering their education, then I send an education offer, etc, etc...

    Basically, I'm monetizing the data by sending PPL offers, as they offer the path of least resistance to generating conversions / $$$ and converting the data into cash producing assets.

    Obviously, there is so much more that goes into everything. But it really does work and can be extremely profitable done right. Everyone that I know that is in the business and knows what they are doing, for the most part, does 6-7 figures. While that is a huge range, much comes down to one's ability to scale and effectively manage / build the infrastructure needed to scale.

    While it's not for everyone, it's something to think about.
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    • Originally Posted by DIABL0 View Post

      To generate traffic I acquire fresh / targeted 3rd party data (email). Which is data that the user have provided permission to receive messages from third parties. Which is 100% can-spam compliant and has absolutely nothing to do with spamming.
      How?

      And thanks for a great post, btw.
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      • Profile picture of the author DIABL0
        Originally Posted by DIABL0 View Post

        To generate traffic I acquire fresh / targeted 3rd party data (email). Which is data that the user have provided permission to receive messages from third parties. Which is 100% can-spam compliant and has absolutely nothing to do with spamming.
        Originally Posted by AffiliatePrograms View Post

        How?

        And thanks for a great post, btw.
        I buy the data and I also have rev-share deals where I get the data for $0 upfront cost and split the revenue generated from sending it with the data provider.
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  • Profile picture of the author FrankieKegenix
    Most of my personal exprience comes from mouth to mouth and networking in the area
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  • Profile picture of the author VidasVegas
    Where are the money these days? Very simple - the money is between your ears.
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  • Profile picture of the author EPoltrack77
    That question sounds like you just came out of a cave from the past ten years. Just saying....
    The question to ask is where is the money NOT AT and do I dare to enter.....

    Kinda like Google and putting the Internet everyplace it is not at.
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  • Profile picture of the author SSSJames
    Find a group of hungry people (who want to MMO), figure out what they want (shortcuts to MMO), and give it to them (affiliate sales, CPA, your own product).

    If you're ready to invest some money, put in the work and advertise, there's money to be made.
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  • Profile picture of the author Kay King
    at any given time, easy money has existed on the internet if you looked to the right direction.
    What you mean is "from the sidelines, it looks like easy money has existed"....because it doesn't sound as if you took advantage of any of those "easy methods" you noticed. Had you tried those methods over the years you might have found it's not as easy as it "looked" ...or... you might have done very well had you jumped in to be part of any one of those 'methods'.

    Back then you could make a ton of money selling anything online since the competition was non-existing.
    Except - there weren't nearly as many people online....no Paypal to process payments....people didn't trust buying online. Every period had its challenges and the "easy money" has been a rumor passed down for years.

    People that stay on the sidelines are 'spectators' - and that's a job that doesn't pay.
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    • Profile picture of the author Sid Hale
      Originally Posted by Kay King View Post

      People that stay on the sidelines are 'spectators' - and that's a job that doesn't pay.
      but...

      it IS easy
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  • Profile picture of the author ryanbiddulph
    Hi Simon,

    The money is in your fun Or, what you have most fun doing.

    For me that means blogging about blogging tips and working in my travel stories.

    I monetize through selling my 126 eBooks, selling my 4 online courses, my audio books, paperbacks, offering coaching and freelance writing services, sponsored posts, affiliate marketing and various other income streams. Because I have fun working these channels.

    But the love I feel creating stuff for others is the prime monetizing factor, because this fun/love detaches me some from money outcomes, which allows me to prosper.

    Ryan
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  • Profile picture of the author Dave Bean
    We all know what people are spending their money on online.

    A simple Google search will tell you that.

    Here's hundreds of successful eCommerce sites selling products I didn't even know existed.

    https://www.shopify.ca/success-stories

    And info products if ecom it's your thing.

    Success Stories - NicheHacks

    It's never been easier to make money online.

    You just have to pick away at your own little piece of it and not get bogged down and overwhelmed at the shear size of your question:

    My question to you guys is: where is the money to be made these days?

    There are people getting rich selling pretty much everything and anything online.
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  • Profile picture of the author TheEtherian
    Being an online teacher seems to pay really well these days!
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  • Profile picture of the author spartan14
    In my opinion its that money are in "trafic mastering " If you know for example to master paid trafic you can get a lot of tafic and conversion and you can promote everything like affiliate offers cpa etc .List building its also profitable but it takes time you must add a lot of value etc
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  • Profile picture of the author shmol
    Not to sound silly,

    But the money is where it has always been, in whatever niche you can enter, drive traffic in, build a list in or simply convert that traffic into sales.

    I know I sure made this mistake when I first started out, always looking for the easy money.

    When what I should have been doing was establishing myself as a an authority in my niche--instead of chasing the easy money.

    Which I never got anyway.
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  • Profile picture of the author Steve B
    Originally Posted by LightningSimon View Post

    My question to you guys is: where is the money to be made these days?

    There is good money in almost every niche today - but it is only given to those with businesses that go after it and provide something in the niche of value to their prospects.

    People who sit on the sideline and watch the parade as it goes by don't get any of it.

    Simon, you are not in need of an "easy money niche." You are in need of the motivation and work it takes to set up a business online and present some offers that will help prospects in whatever niche you choose.

    The game of online income is really simple . . . you put yourself in the game and become a player rather than a fan watching from the sidelines.

    The best to you,

    Steve
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  • Profile picture of the author chris bands
    Nothing worth having comes EASY. With that said, you can still make a great income by putting in 2-3 hours of work on a daily basis. There has and always will be money in list building, so long as you're getting quality traffic and high opt-in rates. Quality paid traffic would do just that

    Also, the real money is in providing VALUE to other entrepreneurs like yourself. By providing insight and true value, you can be viewed as an expert which will in return significantly boost your income if managed properly. What do most people get online for? INFORMATION.

    You're welcome
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  • Profile picture of the author Brent Stangel
    tell a compelling story across platforms to build a business online.
    No, you need to offer something for sale that people actually want or need to buy.

    The whole "be a guru to a tribe" is mostly just marketing hype in the MMO space. Many thousands of people earn fairly anonymous incomes online without telling any stories.
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  • Profile picture of the author ChrisBa
    Originally Posted by LightningSimon View Post

    I have been following the internet marketing business from the sideline since the mid 90s. Back then you could make a ton of money selling anything online since the competition was non-existing. Then on to the start 00s where all you needed was a basic knowledge of SEO and grey-hat tactics to get any page on the top pages of Google and monetize that traffic. From the mid 00s it seems that blogging and building lists has been where a lot of money has been made. From the end 00s you could earn good money just buying stuff cheaply overseas and selling it online or on ebay with Google Adwords ads. Also at this time a whole new world of apps appeared out of nowhere - a ton of money was made on the app stores during the first years. Then from the start 10s it seems that the big craze is around social media. Having a website seems not to be enough anymore - you need to establish an online presence and tell a compelling story across platforms to build a business online.

    My point of this timeline is that competition is ever-increasing and so is complexity. However, at any given time, easy money has existed on the internet if you looked to the right direction.

    My question to you guys is: where is the money to be made these days?

    I read a lot about blogging, building a following and monetizing that. However, that has been the word for a decade now and it just seems to be an extremely crowded space.

    I am somewhat a newbie in this field, although not a newbie in business - I have a good income and a long career in both programming and management. I just feel disconnected from the business world altogether and dream about total independence from bosses and offices.

    I think in most cases, many of the same strategies stay the same, just parts change.

    Building a blog or website with quality and unique content will likely always be in style and you will likely always be able to make money from it.
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  • Profile picture of the author onlineworker11
    Creating your own product and launch it if its done properly can bring in some signifact amounts of money
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  • Profile picture of the author gwilfo1988
    You're right mate. You used to be able to drive traffic from paid ads and make a killing.
    The problem is now the price of acquiring a customer is more than the product!

    It just doesn't work anymore.. Unless. You have a lot of high converting products and a multitude of various high-ticket services/products for sale.

    If you have this and earn 90% commission on products, and once a front end product has been purchased that customer is taken off your hands for a team of professionals to call and upsell, whilst still always making 90% for that customer on every sale in the future.

    Then... it's a profitable business model
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  • Profile picture of the author brettb
    The Internet is still a gold mine. I spend a couple of hours most nights watching my favourite GTA vlogger. He has made a substantial income from a $300 investment in a games console.

    B2B is also an untapped gold mine - stop focusing on consumers people!
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  • Profile picture of the author BGreen94
    Do you all believe it has never been easier to spend money? I think mainly because of tech efficiencies and crypto-currency. But I'm fairly young so I don't know if credit was easier to obtain in the past. It seems like the gaming app industry has hit a jackpot. Fantasy sports apps as well.

    Kids sit on their ipads all day loaded with their parents' credit card... The company Supercell who made the game app Clash Royale was reportedly raking in over 100m a month through in-app purchases. Now obviously they're a major company with staff and infrastructure in place but it's crazy to think that they offer no physical product, well besides software, and make that much.
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