Is Mark Cuban right?

do you really need a billionaire to tell you this

Years ago this was common sense in IM. Find a method that makes YOU money and use it until it begins to 'fade' a bit..or until you are ready to move to something new.....then make it into a product and sell it to others. The upside was that you could TELL people it 'worked' - you would understand the ins and outs of YOUR method and be able to provide the details and steps to take.

The downside of these products was they were often on the edge of outdated or common knowledge.

Today I see "IMers" (are they really?) trying to think up ideas to create a product to sell....based on a system or method they've never used themselves.

Yup - I agree with that.


Internet marketing is not some glorious occupation/dream - it's business; and, yes, Mark Cuban understands business better than most.

"When you see somebody on social media telling you how they're going to make you money, they're lying,"
"When somebody is selling their idea -- shoes, drop shipping, whatever it may be -- to you, and they're selling it to other people, you know what they're doing besides lining their pockets?" Cuban asked. "They're creating competition for you."
"You know what they call somebody that goes into a business where there's an unlimited number of people who you already know are doing the exact same thing as you? They call them stupid. Don't do it."

Instead of cutting corners, do the difficult work of figuring out your best business strategy for yourself, Cuban advised. Making that extra effort is one of the best ways to give yourself "a huge competitive advantage," the billionaire said in an interview with entrepreneur and investor Randall Kaplan earlier this year.

Cuban closed out his TikTok video by reiterating that sentiment. "Save your money," he said. "Figure it out. Do it right."
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His points: If someone on social media tells you they can make you money, they're lying?
Does this include financial advisors? Bankers? The way it is worded, in reality, no one can make you money, but they can offer up ways and means to do so.

I think maybe the intent was, "if it sounds too good to be true, it is" but he isn't wrong about many if not most of the IM gurus offering done for you money making ideas.

Amway is alive and well. Thousands selling the same stuff. Maybe millions having been exposed to the opportunity...and why is there a McDonalds, Wendy's, Burger King, In and Out Burger, Rally's, Swenson's, etc., etc. All these burger sellers must be stupid?

I don't get your point Mark, Cuban is unique, and most of us are far better off ignoring what the Jobs, Cubans, Zuck's, Musks, Gates, et al, say...it just isn't good advice for the WF IMer.

Shoes? Knight and Ye would never have started their shoe lines if they followed Cuban's advice.

His advice, "don't be stupid", might be good, however, if one is stupid, they are hardly going to listen to this, eh?

IM has so much to offer the little guy, the one person who wants to improve their life, the best advice I can offer is: don't listen to billionaires, they are out of touch with what is possible, most aren't even good examples of success, are they?

GordonJ

P.S. A billionaire telling one to "figure it out", is also saying, I don't know...you know better than I do what is good for you. Did he actually make any points?

Going against the grain here a bit, as much of what he said is probably true in certain areas...

But, one of the key factors to bridging the gaps between poverty and financial independence requires sharing and selling knowledge to others... be it your followers, disciples, or raving football fans, all the same!

As far as making the blanket statement; ""When you see somebody on social media telling you how they're going to make you money, they're lying," - I cannot consume, digest, or absorb that everyone who professes to know how to make you money is lying... if that was the case; everyone here on this forum past, present, and future is full-of-sh!t" - And, while many may BE, not ALL who share, sell, or give-away financial advice are LIARS!

I do believe; most financial advisors who recommend SMP 500, Bitcoin, Stocks, and 401K's are strategist's who are taking the long (*and risky) road to wealth, as most people cannot envision turning a small SEED into a well cultivated storehouse... overflowing with opportunity.

Thereto, I don't believe the general public is privileged to many of the trade secrets of the billionaire-elite, or those who were groomed or garnished in wealth from their inception into this realm...surely, they have a slight advantage.

I'm neither a fan, nor a supporter of Mark Cuban or effected by his "perceptive views" of social media, internet marketing, or the perceived value he just applied to literally millions of people who actually do wish, want, or desire to help others succeed... to me, his wealth may be blinding his ability to see the value others provide, and he sounds greedy, arrogant, and all-for-one, and one-for-none!

I think the real problem stems from people's inability to actually conceive, believe, or see the process of wealth generation being DOABLE!

If people are easily manipulated by their primary influences (*be it wealth, poverty, sexual orientation, addictions, or what have you) - breaking those routines and freeing oneself from such influences is seldom an easy thing to do.

Now, I really want to write something epic, just to disprove "the powers that be" and their suggestion; the majority are merely sheep grazing in the fields provided by THEM or their power of influence (or sphere of influence!)

Kipling's "Jungle Book" comes to mind... even a boy raised and influenced by monkey's and wild animals - does not make the boy a money or wild animal... it only defines how influence truly works. Same with Tarzan... got to love the old folklore, and the likes of those like the Grimm Brothers!

I'm clearly bias... or I wouldn't be drawn to this forum and those who do share wisdom, insights, and blueprints to help others make more money.

Now... being able to actually use the information, follow the steps, acquire the right ingredients, and actually DO IT... that's a whole-other story that falls more on the recipient(s) (*myself included) taking ownership over the ideas, strategies, and formulas many share, sell, or freely give-away.

If Cuban thinks everyone's a LIAR... it may be a self-reflection of his own manipulative nature to stack pallet loads of hungies! - Who knows?

Lastly, let's imagine some BUM on the street held on to a billion-dollar idea, and never implemented it, then someone comes along - finds his blueprint, implements the instructions, and becomes rich... does that suggest the bum wasn't rich first? (*At least in knowledge!)

Mark Cuban does not NEED to know 'how IM works' - he can hire people to do it for him. To argue the comments of someone who earned a fortune through their own efforts, intelligence and risk taking...accomplishes what? Nothing.




And you think Cuban's "wealth may be blinding his ability to see the value others provide, and he sounds greedy, arrogant, and all-for-one, and one-for-none!"


To me, Cuban sounds like a successful, self made rich person with some common sense to share. Calling him names does not make him less successful.

I personally totally agree. IM ( Internet Marketing ) is NOT exclusively pedaling other peoples offers... The Online money making to be made in this scenario is the person offering the thing you are trying to sell.

Lets say someone is selling a whatever package... Selling for $10 and offering 50% commission. every time you sell 1 you make $5, and the author makes $5... simple simple. No look at this from the Authors point of view he has 1000 people out there selling 2 a day... each one of the 1000 people are making $10 a day, and the Author just cranked in $5000 - WHO is making more money here?

Pretty much the entire MMO industry is a "Scam" Its a Dollar maker for the author, and a cents maker for its affiliates. Of all the offers we see running around, and look at the main board... how many people that get into this space actually have an amount of experience in any way shape or form? The answer to that question is a very minimal percentage overall...

People at large are sucked in with the idea of "done for you"... you just have to create a lander and send the offer traffic. The Author makes the Sale... and pays out... but in the process they have now captured your leads e-mail, and guess what?" - they ( the Author ) is collecting a 100% buyers list, while YOU are collecting an e-mail list of 99.9% tire kickers.

Find something... find anything in YOUR life that you might have an interest in or experience... start with that, start finding your "Tribe" out on social media... bring something to the table, and create your own offer.

Internet Marketing works - but only if you are trading dollars for YOUR knowledge, Experience, or Product, and not someone else - And the Caveat to this is say an Amazon affiliate.... but that only works ( well, and consistently ) if you are starting from a space of knowledge and or experience )

Basically... Dont sell something you yourself have not used or have no interest in... it is silly to think a 140lb guy is selling weight loss programs for women... or how to be a better basketball player and you have no interest.

As long as YOU are in the equation (Knowledge, Experience, or physical product in hand ) you stand half a chance - the minute you are operating outside of YOU... its just a struggle - and a losing battle.

I think maybe a bit of context here.... We have to remember that Cuban does own an online market space for Generic Medications... so its not that "Internet Marketing" is bad... if you read the article, he is focusing more on the MMO aspect of IM. And to be very honest... I think he is 100% right.

In the Hay Day say 5 years ago more like 10 to 15... yeah you could sell "Hey make money doing this or that" And look at the past history of this very platform... There was without question money to be made, More often than not in the early days the information was sold by someone with Knowledge or Experience.

Today is simply a whole other ball game... because MMO is a niche that has dollar signs and a great amount of interest everyone and their brother goes that direction. The only problem is a majority of people trying to get in this space have never made a single dollar online. How exactly do you sell something that is supposed to make the buyer money if its not making you money? Sounds to me like a SCAM propagated by a bunch of liars and fakes. The term "Fake it till you make it" resonates well with this discussion.

For anyone reading this... BUY the dang product you are going to sell... USE the dang product. DOCUMENT using the dang product. This is literally a no lose scenario... If the product blows... you have a well documented test case to the product... if you buy 10 systems to making money and they all fail... you now have a collection of documented attempts that have failed....

If you jump on an article where someone has tried a number of money making systems and many have failed, but 1 of them worked - what just happened? that person has just short of instantly ( for the end user, not the author ) created TRUST... the Author has found the 1 in 10 that might work... went through 10 to get there... The Author is building Authority and trust... and guess what happens when you have those 2 elements... you are going to make sales - Because its not Scammy, and they are not lying!

Cleahly Cuban nevah gotta cavort 'bout the place in a priceless tiara by default.

What a curse this can be despite kinda shiny in the mirrah.

Thing is, eithah your name sells itself, or you gotta scream sum.

Personly, I don't ****in' care.

Bcs tamara there gonna be sum othah ****in' schmuck (or, FFS help us all, a dedicated Schmuck team) drainin' yr creative resources an' fillin' yr days with ONLY $X Per Month subscription STROKE wahooey kinda schwango) thrustin' ummselves 'pon yr sumtyoo-who-hoo-ous solitood c/o sum paid promo or OTHAH.

Meantimes, how much might a seemingly authoritive journo piece get anywan's hormones gowin' anyways?

Less'n we all particularly discriminatin', we simply oscillatin' round the huppsupposischnaahls of Tom Huddleston Jr. here.

The fact the guy adopted a SOODONYM to play LOKI is, perhaps, merely a pernickertycraftah's especial kinda SPOT.

So ... who do YOU trust to make maxo sense as of this moment?

Yr natchrl Princess ...

or sumthin' on MAKEIT promptsya'll to piss yr ****in' pants?

Remembah always how yr eyeballs are primed to gaze upon glories.

Selectively active, consummately judgemental, always seekin' the smoochiest horizon they can posit as a START.

Whenevah you tempted to be eithah diminished or exalted in this respect, it is called INTOOISHWAAHN.

YEAH YEAH YEAH SO YOU THINK YOU'RE SO ******* CLEVER, O PRINCESS, BUT EXACTLY HOW MANY TIMES PER DAY DO YOU ACTUALLY WALK INTO A WALL OR FALL OVER OR LOSE IT RANDOMLY BECAUSE YOU ARE ESSENTIALLY CRAP?

Mebbe 3?

So, beat that, anywan ...

Mark Cuban is a sandwich right?

He is RIGHT.

There are a lot of marketers out there who promise you that earning a curtain amount of money is easy to do (In the case of $100,000 per year even).

Everyone HYPES their sales funnel just to get the sale.