Want to make money? Learn a lesson from the gold rush of long ago. :)

43 replies
Who made more money consistently back in the gold rush days? Think about it...

Sure... SOME gold miners struck it rich, but they where very few. The vast majority went broke and lost their shirt.

Now who made most of the money consistently?

The people that provided the tools to the gold miners!

Think about it.

Re's
Rob Whisonant
#ago #gold #learn #lesson #long #make #money #rush
  • Profile picture of the author derricks4
    LOL as long as the media keeps telling people there's gold, there will be a demand for shovels.
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  • Profile picture of the author CDarklock
    Originally Posted by Rob Whisonant View Post

    Who made more money consistently back in the gold rush days?
    THE HOOKERS
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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    • Profile picture of the author magnates
      Originally Posted by CDarklock View Post

      THE HOOKERS
      Lol . CDarklock never ceases to amaze me with his comments

      Cracking up here ... Hehe

      Do you have any proof hehe
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      • Profile picture of the author ksmusselman
        Originally Posted by magnates View Post

        Lol . CDarklock never ceases to amaze me with his comments

        Cracking up here ... Hehe

        Do you have any proof hehe
        Maybe that's why he's got such a big smile in his profile photo.
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    • Profile picture of the author Willie Crawford
      Originally Posted by CDarklock View Post

      THE HOOKERS
      Actually, this was my first thought too, as I flashed back to
      Gunsmoke and The Long Branch Saloon

      Tapping into not only selling shovels but to basic instinctual
      drives.

      Willie
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    • Profile picture of the author Rose Anderson
      Originally Posted by CDarklock View Post

      THE HOOKERS

      No, it was the Madam/pimp/saloon owners. It's all about outsourcing.
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    • Profile picture of the author Rob Whisonant
      Originally Posted by CDarklock View Post

      THE HOOKERS
      I had totally forgot about this one. You are right! Almost spit tea out my nose when I read it. Loved it!

      Re's
      Rob Whisonant
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      • Profile picture of the author J Bold
        Originally Posted by Rob Whisonant View Post

        I had totally forgot about this one. You are right! Almost spit tea out my nose when I read it. Loved it!

        Re's
        Rob Whisonant
        So who are the hookers in your metaphor to internet marketing?
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        • Profile picture of the author Rob Whisonant
          Originally Posted by redicelander View Post

          So who are the hookers in your metaphor to internet marketing?
          Guess that would be service providers and virtual assistants.

          Re's
          Rob Whisonant
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        • Profile picture of the author Dax Brathwaite
          Originally Posted by redicelander View Post

          So who are the hookers in your metaphor to internet marketing?
          The hookers and the shovel sellers are probably one and the same in this case.
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        • Profile picture of the author richgrad
          Originally Posted by redicelander View Post

          So who are the hookers in your metaphor to internet marketing?
          I think they refer to the people unsuccessful internet marketers pay to distract them from their failures?

          Maybe shrinks? LOL...
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        • Profile picture of the author Dax Brathwaite
          Originally Posted by redicelander View Post

          So who are the hookers in your metaphor to internet marketing?
          I think I figured it out. The hookers are the actual hookers in your home town. 'Cause once you've failed at IM and are feeling depressed, what do you do with the last little bit of money in your pocket?

          EXACTLY.
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          • Profile picture of the author st8ic
            This is pretty much the long and short of internet marketing. There's very little real opportunity out there, but if you're selling a wso called "MAKE $XXX,XXX IN Y DAYS!!!!!1!11" then you can make as much money as you want. When the buyers inevitably don't make $XXX,XXX then you have plausible deniability and you can just say "well I know it works, you must be doing it wrong."

            It takes balls to admit that this is the case so I'm impressed that so many people are acknowledging it in this thread.
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            • Profile picture of the author travlinguy
              Originally Posted by st8ic View Post

              This is pretty much the long and short of internet marketing. There's very little real opportunity out there, but if you're selling a wso called "MAKE ,XXX IN Y DAYS!!!!!1!11" then you can make as much money as you want. When the buyers inevitably don't make ,XXX then you have plausible deniability and you can just say "well I know it works, you must be doing it wrong."

              It takes balls to admit that this is the case so I'm impressed that so many people are acknowledging it in this thread.
              A couple of things about your post. First, Internet Marketing is huge and includes virtually all things sold online. Everything. So when you say there's very little real opportunity out there I have to strongly disagree.

              What I suspect you are referring to is the MMO or make money online niche. If that's the case, I'd still disagree. There are hundreds of legit opportunitunities to earn huge money showing others how to market information or other digital products.

              There was a popular thread up a few days ago where the discussion was on public domain books. People have literally made billions of dollars repackaging and recycling public domain classics.

              There are thousands of books on markteting, web design, traffic and other topics that are valuable to many. There's information available online for how to get virtually everything a person could ever want in life. And you're saying there is little real opportunity out there. Explain to me what it is I'm missing here.
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              • Profile picture of the author Rockid
                Originally Posted by travlinguy View Post

                And you're saying there is little real opportunity out there. Explain to me what it is I'm missing here.
                there are tons of cash filtered through internet, no doubt there are tons of opportunities to pocket some of that cash.
                but with all those opportunities being open, how many people do actually make at least a decent living? out of millions who jump on MMO? 1 in a thousand? i would guess less than that..
                do you think it is really possible to spend $200 to launch 10 sites and start making $5k/month, without any prior IM experience? I bet you will loose ALL money you have and at least a year of your life to start making just something, very likely you'll quit and start again a number of times (most people will never make it to any decent sales).
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    • Profile picture of the author Joseph Robinson
      Banned
      Originally Posted by CDarklock View Post

      THE HOOKERS
      They've been consistently making money since the dawn of civilization. It is the most consistent job market of all time!
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    • Profile picture of the author inter123
      This is an older and more established profession then Gold Mining or Internet Marketing.
      Originally Posted by CDarklock View Post

      THE HOOKERS
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    • Originally Posted by CDarklock View Post

      THE HOOKERS
      And who made more than the individual hookers? The madame or master who owned the brothel ... probably sold liquor and pick-axes as well.
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  • Profile picture of the author jenifer smith
    who said that you cannot be the few gold miners who made it big? well it all depends on who is involved. they both can be losers or winners. what matters is your determinations and strategies.
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  • Profile picture of the author emmndi
    Determination and Strategy will fetch you the gold....... need not dig too much
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    • Profile picture of the author Jaymark
      Don't forget about Levi Strauss who made a fortune selling tough durable jeans he stitched together. Yup it's the tools that make the real money. It's sort of like who makes money in the make money online field? The people selling courses on how to make money online of course! ")
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  • Profile picture of the author Steven Miranda
    Excellent words of wisdom.
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  • Profile picture of the author Klemen Znidar
    This saying is true even in todays times. IM is like one big gold rush and people providing services are the ones selling shovels.
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  • Profile picture of the author RobertAxelsen
    Originally Posted by Rob Whisonant View Post

    Who made more money consistently back in the gold rush days? Think about it...

    Sure... SOME gold miners struck it rich, but they where very few. The vast majority went broke and lost their shirt.

    Now who made most of the money consistently?

    The people that provided the tools to the gold miners!

    Think about it.

    Re's
    Rob Whisonant
    So true, Rob! And really worth some thought.

    That's partly why so many choose to be in the IM niche, I guess. Knowledge, how-to and resources are also needed tools, eh?

    But yeah, finding something that all IMers need in their business is a very smart move (if you're able to sell it and get it in front of them).

    Originally Posted by CDarklock View Post

    THE HOOKERS
    Or the pimps?
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  • Profile picture of the author Terry Hatfield
    Most of the people in the gold rush didn't make money not because there wasn't any gold but because they didn't know what they was doing.

    Most people don't realize that the gold miners who knew how to mine gold made fortunes during the gold rush.

    It is just like internet marketing today. Many don't make any money, but a few take the time to learn the business and make a great living from marketing online.
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  • Profile picture of the author WebPen
    Wow I didn't think of shovels or hookers-

    I thought of Levis - Levi Strauss - The History of Blue Jeans and Denim

    Talk about a lasting legacy!
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    • Profile picture of the author JohnMcCabe
      Originally Posted by Rose Anderson View Post

      No, it was the Madam/pimp/saloon owners. It's all about outsourcing.
      If you look at things by reading original materials (like the journals and letters of people living in that time and place, newspapers of the time, etc.), you'll find that this is right.

      True, some miners did strike it rich. Very, very few of them kept those riches from one end of main street to the other. Whether it was whisk(e)y, women, laundry service or a hot meal, the owners of those establishments made their money selling to both the miners and the tool sellers.

      The poor 'soiled doves' kept very little of the money they made. Their best hope was landing a husband in a time and place where men outnumbered women by 10-1 to 50-1. Pardon my phrasing, ladies, but women were such a scarce commodity that rape was virtually unknown.
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  • Profile picture of the author jcruz
    This is so true, but sad at the same time. Because the reality is that many people will sell the shovel (say a wso, for example) and it will be a crappy service knowing damn well that it will not get them to their gold, a bunch of misinformation that the person selling probably hasn't even applied. But i guess everyone has to make a living.
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  • Profile picture of the author John Emdat
    Its really an old quote but sometimes it really works.
    Any how thanks for sharing!
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    • Profile picture of the author Frank Donovan
      Originally Posted by redicelander View Post

      So who are the hookers in your metaphor to internet marketing?
      Originally Posted by Rob Whisonant View Post

      Guess that would be service providers and virtual assistants.
      If you want to see today's equivalent of those gold rush bars and brothels, just look for places where the gold diggers and the shovel sellers hang out.

      Clue: you're in one now.


      Frank
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      • Profile picture of the author Dax Brathwaite
        Yeah, I've been digging for gold for a long time. There aint none. Thanks for the shovels though guys. Good thing I was able to get a refund on most of those. So who here is going to _______ me tonight?
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  • Profile picture of the author travlinguy
    Cool thread.

    Funny you're talking about the gold mine/shovel metaphor. I used to teach/sell an expensive stock and option trading course at nationwide seminars back in '99 - 2000. It wasn't my course I contracted as an instructor with a big seminar company. During a two-day basic trading seminar there were many mini presentations for more advanced training and seminars woven into the curriculum.

    During my final contact with the audience, or the close, I sometimes illustrated the similarities between the then booming stock market with the once booming gold rush. I used the metaphor of the hot market being the untapped gold mine and the advanced courses and live seminars as the shovel and other mining tools. I'd spend nearly an hour developing this pitch and it worked very well.

    Towards the end of the pitch I'd even joke about the prices of the advanced courses and seminars from the customer's point of view...

    "Do you know how much this company wants for a freakin' shovel?!"

    That would get lots of laughs and agreement that the advanced courses were really expensive.

    And then after the group had settled down I'd ask them in earnest that if they knew there was a $100,000 nugget in a particular spot, how much would a shovel be worth?

    Then it would get so quiet you could hear a flea fart. That was the part where people would start getting out of their seats and head to the back of the room with credit card in hand to sign up for more instruction.

    I learned a lot about human motivation and emotion-driven selling during those days. And I couldn't have done any of this if the advanced training stuff wasn't top notch. It was everything promised and more.
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  • Originally Posted by Rob Whisonant View Post

    Who made more money consistently back in the gold rush days? Think about it...

    Sure... SOME gold miners struck it rich, but they where very few. The vast majority went broke and lost their shirt.

    Now who made most of the money consistently?

    The people that provided the tools to the gold miners!

    Think about it.

    Re's
    Rob Whisonant
    Rob,

    You are so right. Actually, because of the Gold Rush of 1849, San Francisco's population grew from about 800 in 1848 to over 50,000 in 1849.

    Check this excerpt from Martin Kelly, American Historian on about.com ...

    "The individuals who became the richest were in fact not these early miners but were instead entrepreneurs who created businesses to support all of the prospectors. It is easy to think of all the essentials this mass of humanity would need in order to live. Businesses sprang up to meet their needs. Some of these businesses are still around today including Levi Strauss and Wells Fargo."

    You can read his entire article here ...
    Going to California: 49ers and the Gold Rush

    Levi Strauss made rugged button fly jeans that stood up to the grueling, dirty, hard work that miners put them through. And when you went into a Levi Strauss store, you could also get shovels, picks, and everything else you needed to chase your dreams.

    But one important point should be made. There were lots of companies selling overalls and "jeans", and many made some good money in the year or two that this rush lasted, but Levi Strauss went one step further and made "the best" overalls and jeans.

    Then when the rush was over, consumers needing jeans and overalls CONTINUED to buy from Levi, and they are still here today.

    So, do we need to sell internet Marketing tools, and shovels, and picks instead of chasing push-button riches? Of course. But for a truly "set and forget income", take that extra time to make your offer THE BEST, and years from now you will have a Levi Strauss residual passive income, while other marketers are starting all over.

    Patrick
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  • Profile picture of the author Rockid
    Originally Posted by Rob Whisonant View Post

    Who made more money consistently back in the gold rush days? Think about it...
    Rob Whisonant
    damn right, Rob
    i think the professionals did.. professional miners, saloon owners, hookers (some), shovel suppliers, dealers. They all created wealth financed by amateurs. same is true in all mass-entrepreneurial opportunities, all kinds of investments, work-at-home, MLM, small businesses, etc etc. if you know your stuff already, you have a chance to win. If you don't, be prepared to go through a long training full of losses and frustration, and you can only succeed if you are smarter than average and can withstand depression of months without sales and friends/family calling you lunatic
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  • Profile picture of the author travlinguy
    Here's how simple it is: If you believe you can, you're right. If you believe you can't, you're right.

    There are thousands of legit opportunities available. I'm not a big fan of hyped-up promises of fast money even though some of them are actually good, if you work them. The most realistic opportunities are the simplest ones.

    One of the problems I see with new people coming into IM is they believe all the BS. They get involved with "autopilot" BS strategies that involve worthless spun articles that don't make sense, spamming blogs and forums with crap for backlinks and other grey and black hat nonsense.

    Making money online is the same as making it offline. You find a workable business model and then you find a need and fill that need by providing massive value and great customer service. That's it. If that's selling shovels, so be it. Good luck.
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    • Profile picture of the author Dax Brathwaite
      Originally Posted by travlinguy View Post

      One of the problems I see with new people coming into IM is they believe all the BS.
      I disagree with the above statement. The problem is not that new people believe the BS. The problem is the BS.

      New people don't know better, just like a child might not know better when a stranger offers them candy if they would just get in the car. Is the problem the naivety of the child? No, the real problem is the creepy stranger.

      And when BS saturates this industry almost to the point where the industry is BS, then what is a new person to do? Start selling shovels to other naive, unsuspecting newbies? Well, that's great.
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      • Profile picture of the author travlinguy
        Originally Posted by diggdug View Post

        I disagree with the above statement. The problem is not that new people believe the BS. The problem is the BS.

        New people don't know better, just like a child might not know better when a stranger offers them candy if they would just get in the car. Is the problem the naivety of the child? No, the real problem is the creepy stranger.

        And when BS saturates this industry almost to the point where the industry is BS, then what is a new person to do? Start selling shovels to other naive, unsuspecting newbies? Well, that's great.
        Your comparison of offering a child candy is ridiculous and your attitude sucks. Look at the link in your sig. "I spit on your IM product." Nice. And you wonder why success is eluding you.

        If people want to belive stuff like earning millions on autopilot with just a couple of mouse clicks, then that's called stupidity. And the failure that follows is called the stupidity tax. The upside to that is you should only have to pay it once, maybe twice and then you should recognize it for what it is, BS.

        I'd suggest you drop the victim schtick and you might start making money rather than making lame excuses.
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        • Profile picture of the author Dax Brathwaite
          Originally Posted by travlinguy View Post

          Your comparison of offering a child candy is ridiculous and your attitude sucks. Look at the link in your sig. "I spit on your IM product." Nice. And you wonder why success is eluding you.

          If people want to belive stuff like earning millions on autopilot with just a couple of mouse clicks, then that's called stupidity. And the failure that follows is called the stupidity tax. The upside to that is you should only have to pay it once, maybe twice and then you should recognize it for what it is, BS.

          I'd suggest you drop the victim schtick and you might start making money rather than making lame excuses.
          Woah, why are you getting so personal dude?
          You attack my signature and my attitude just because I take the peoples' side while you take the scamming marketer's side? And already deduce that I am unsuccessful?

          Tell you what, you know nothing about my life and I know nothing about yours, let's keep it at that. If I disagree with you, let's remain professional.

          You obviously are successful and know a way we can make $916 a month working 2 hours a month. Wow! That's exactly how much I want to make, and exactly how much I'm willing to work. That's a promising gold map you got there.
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  • Profile picture of the author Nuno
    There are still some areas where it's better to keep your knowledge and tools than selling them.

    Not many, though.
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  • Profile picture of the author Rose Anderson
    I think the thread is taking a turn.

    A shovel is just a tool. Some people made money with them, some didn't. But it wasn't the fault of the tool. If the shovel worked properly then you can't blame the seller of the tool because you didn't find gold.

    However, the guys selling the treasure maps to the gold is a different story. If you know your product is worthless and you sell it anyway, then that is fraud.

    But if someone wants to buy a shovel and you manage to transport them halfway across the country and make them available, that's not fraud. That's good business.

    The internet is a huge marketplace with numerous ways for people to make money.

    However, you have to use the tools correctly and stop buying the "treasure map to millions of dollars in gold in 3 days with no work" and then acting like you've been scammed when it didn't work.
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  • Profile picture of the author Michael Ten
    Originally Posted by Rob Whisonant View Post

    Who made more money consistently back in the gold rush days? Think about it...

    Sure... SOME gold miners struck it rich, but they where very few. The vast majority went broke and lost their shirt.

    Now who made most of the money consistently?

    The people that provided the tools to the gold miners!

    Think about it.

    Re's
    Rob Whisonant
    When was the last time this was posted? Was it you who posted it?
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  • Profile picture of the author AlphaWarrior
    I think that it all goes back to find a need/want and fill it.

    I don't remember the specifics, but in going to the Yukon, miners had to go up a really big hill and they had to make a number of trips carrying their heavy loads of supplies. The hill was very difficult because of the snow and ice.

    Some smart guy cut steps into the snow and ice on the hill. He then charged the miners to use the steps which were considerably easier than going up the hill without steps. I understand that the guy made a lot of money.
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    • Profile picture of the author LindseyRainwater
      Exactly! Excellent points. The people selling the tools, the guy who took the time to cut the steps, and others like them made it possible for people to take their shot at wealth.

      I've been working on business plans and ideas, and they all revolve around that idea, but I hadn't had a good visual like that for them.

      (And the hookers did make a killing. Also a good point, but not one I want to compare to my business. )
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