by CPH007
12 replies
Hello All,

I am about to start marketing my first ebook on fatloss and am being assisted by a fellow warrior with the sales page and advertising when we launch. I have a great deal of interest in Internet Marketing with relation to make money online. Now my main interest is to make money myself then help others get free from the 9-5 for the same reason I wish to, time with our baby boy

My question is around starting in MMO. Does nearly everyone start with writing about something they haven't actually done? If so it feels a little bit wrong but that may just be my take. Or do people start by writing about their journey to make money and their audience changes with their success?

I know how to run an offline business and how to project manage (make decent living with this but takes my time too much) So was thinking of writing a piece on project managing a business project or product launch for success. In fact writing these questions has just prompted me to think of this!

So how do people who haven't made money online go about starting into this field please?

I have set myself a deadline of 16 weeks to earn half of current income online per week (around $2000)

Any advice is welcomed

I guess I am not looking for direct answers as their may not be any but to stir up some creative thought

Thanks,

Colin
#im or mmo #starting
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by CPH007 View Post

    My question is around starting in MMO. Does nearly everyone start with writing about something they haven't actually done? If so it feels a little bit wrong but that may just be my take.
    Not just yours.

    Not only is it a little bit wrong, but it's extremely ill-advised and is almost certainly the single commonest reason for failure. For all the reasons explained in these posts ...
    Guess who is going to have the most profitable business?
    Most Lucrative niche in Internet Marketing?
    Suggest me some popular niches
    I am in the niche of MMO (clickbank)
    Why do all my attempts fail?

    Originally Posted by CPH007 View Post

    Or do people start by writing about their journey to make money and their audience changes with their success?
    Yes, a few tens of thousands of people come up with that idea every year, as well. Some imagine that because it interests them, they're going to get loads of other people interested in it, too. The charitable and tactful way to look at what they're doing is to assume that they're understandably very naive and inexperienced, and genuinely don't appreciate that they're trying to do the same thing as tens of thousands of others, of whom only a very tiny fraction will ever really profit from doing that.

    Originally Posted by CPH007 View Post

    I have set myself a deadline of 16 weeks to earn half of current income online per week (around $2000)
    I admire your ambition. I won't embarrass myself by telling you how many times more that is than what I was earning after 16 weeks. Nor (in another way) by telling you what I earn now. However, I offer you the observation that (because the income-curve is non-linear) the great majority of people "venturing into internet marketing" significantly overestimate what they can earn quickly but also significantly underestimate what they can earn slowly.

    Originally Posted by CPH007 View Post

    Any advice is welcomed
    1. Read carefully the threads I've linked to, above, and have a good think about them.

    2. Stay as far away from any niches in the MMO and/or IM markets as you possibly can, and you'll stack the deck greatly in your favor rather than completely against yourself, Colin.

    And good luck!
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  • Profile picture of the author TonyNorton
    Hi Colin,

    The MMO niche should be looked at similarly to medicine. If you don't already have significant experience (and proven track record) making money online you have no business trying to tell other people how to make money online.

    Think about it this way. You wouldn't want to take medical advice about your heart condition from some construction worker who happens to have read the last 3 years of the New England Medical Journal, would you?

    Same logic applies.

    I would propose that instead of trying to break into one of the most overcrowded markets out there, you would be much better off serving a small (or even not so small) niche market.

    You'll have a much easier time of it.

    If you need help in choosing a "real" niche as opposed to the MMO niche I'll be glad to hook you up with a copy of my guide on choosing a profitable niche. Just let me know.

    Hope that helps,

    Tony
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    • Profile picture of the author Keith Boisvert
      My question is around starting in MMO. Does nearly everyone start with writing about something they haven't actually done? If so it feels a little bit wrong but that may just be my take. Or do people start by writing about their journey to make money and their audience changes with their success?
      Seems like it eh? Yeah, happens more often than not and 9 times out of 10 it ends in disaster. What's even more absurd is when people ask questions on how to market their marketing site.

      Stick with what you know and are passionate about. Learn the strategies and tactics needed to market it and make it successful. Do that and you will have more experience and success than the majority of those in the MMO niche.

      ~keith
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by Keith Boisvert View Post

        What's even more absurd is when people ask questions on how to market their marketing site.
        Yes indeed ... the most entertaining one of the lot, though, is surely the "I need help/advice regarding building my list" which then turns out to be "I'm in the 'list-building niche'." Every time I see this one (and it's no great rarity!) I instinctively check that the date on the OP wasn't "April 1st". You couldn't make it up.
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  • Profile picture of the author travlinguy
    Originally Posted by CPH007 View Post

    Does nearly everyone start with writing about something they haven't actually done?
    I can't answer this with any kind of facts or backup but judging by my observations here LOTS of people start this way. The typical process as described by those starting out here is to start with niche research. I don't know exactly what they do but based on keyword research
    (and the use of expensive and, in my opinion, unnecessary software) and some sort of twisted SEO voodoo they come up with what they believe to be low competition markets they can exploit.

    If I'm known for anything around here it's picking a profitable market where customers perceive a problem and are willing to pay for a solution. But that's the easy element because most successful business operators do that. Here's the part that they refuse to buy into. Pick something you know, or better yet, one you're passionate about. The reasoning is simple.

    New marketers are faced with a massive learning curve. To make this stuff work you will need to devote a lot of time and attention to what you're doing. And if you've just picked a niche based on profitability and not something you like the work becomes rote and unappealing. That's where people stall because they get up in the morning dreading the day in front of them.

    And to answer your question, if they're in a position where they need to come across as someone who has actually had success with the market (like MMO) they find it necessary to pretend they've done it or actually lie about having done it. This is a recipe for failure and for some, a lot of guilt.

    When you choose to market a product or service you know and like you aren't nearly as likely to develop frustration and resentment toward it.

    After someone has had success with a particular market picking a product based on profitability alone makes far more sense because they are now familiar with what needs to be done and EVERYTHING about the process is easier.

    Most don't listen though. So it goes...
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  • Profile picture of the author CPH007
    Thanks for all the excellent responses which pretty much confirm what i was already thinking! I had a feeling this was the way it worked with people making money by telling people how to make money. Pretty much a pyramid scheme unless somebody has the real experience to back it up!

    That now lets me sit at a comfortable point and feel better knowing I haven't just got some weak willed, lilly livered view on extracting money from people

    OK so I have some pretty different stuff that I don't believe has been done much and also is a) something I love and b) Is something that will really make people happy so a win win if I can sell it.

    As stated I have a book about to launch in weight loss as it's something I have massive experience in so have no problems selling this information but after writing one book on it I feel I would much more enjoy chasing my real passion which is all things mechanical, electrical and suitably dangerous and fun

    A big thanks to all the people who have taken the time to write very well thought out and lengthy posts, your help is very much appreciated!

    I had best get writing my book and building my "real" business
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  • Colin,

    I'm sure you know you need to start by listing down your available resources? Specialized knowledge in certain industries. Significant skills in related subject areas. Real world authority expertise in relevant niches. Substantial experience that associated markets can relate to. Time. Money. Contacts in private and public institutions and communities. Next:

    I believe you already tried pinpointing urgent problem areas and immediate needs in those industries, subject areas, niches and markets that you can solve and satisfy with your available resources? Then:

    I'm sure you tried formulating value added propositions? Combine your available resources and develop a set of solutions for those problem areas and needs that can't be found elsewhere. Now:

    I'm sure you're familiar with SWOT = List down your Strengths, Weaknesses, Opportunities and Threats as someone who's trying to establish a business that'll be offering unique solutions for the specific problem areas and needs of specific markets in specific niches under specific subject areas covered by specific industries where you have specialized knowledge, significant skills, real world authority expertise, substantial experience, enough time, enough money and good network resources? At this point:

    I believe you know the importance of integrating the right PPTs into the backend and frontend systems of your business development methods, production strategies, marketing campaign techniques and sales tactics? This means:

    I'm sure you're familiar with PPT = Hire the right People. Formulate the right Processes. Implement the right Technologies. And:

    I believe you also know MSTT = Learn fundamental Methods, then effective Strategies, then efficient techniques, then results-oriented Tactics that are most appropriate for hitting the target projections of your business. And:

    By keeping these things in mind and carefully using them in your brainstorming sessions -- Were you directed by your data to zone in on the IM/MMO niche as a profitable venture where you can invest your available resources in?
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    • Profile picture of the author CPH007
      Originally Posted by Marx Vergel Melencio View Post

      Colin,

      I'm sure you know you need to start by listing down your available resources? Specialized knowledge in certain industries. Significant skills in related subject areas. Real world authority expertise in relevant niches. Substantial experience that associated markets can relate to. Time. Money. Contacts in private and public institutions and communities. Next:

      I believe you already tried pinpointing urgent problem areas and immediate needs in those industries, subject areas, niches and markets that you can solve and satisfy with your available resources? Then:

      I'm sure you tried formulating value added propositions? Combine your available resources and develop a set of solutions for those problem areas and needs that can't be found elsewhere. Now:

      I'm sure you're familiar with SWOT = List down your Strengths, Weaknesses, Opportunities and Threats as someone who's trying to establish a business that'll be offering unique solutions for the specific problem areas and needs of specific markets in specific niches under specific subject areas covered by specific industries where you have specialized knowledge, significant skills, real world authority expertise, substantial experience, enough time, enough money and good network resources? At this point:

      I believe you know the importance of integrating the right PPTs into the backend and frontend systems of your business development methods, production strategies, marketing campaign techniques and sales tactics? This means:

      I'm sure you're familiar with PPT = Hire the right People. Formulate the right Processes. Implement the right Technologies. And:

      I believe you also know MSTT = Learn fundamental Methods, then effective Strategies, then efficient techniques, then results-oriented Tactics that are most appropriate for hitting the target projections of your business. And:

      By keeping these things in mind and carefully using them in your brainstorming sessions -- Were you directed by your data to zone in on the IM/MMO niche as a profitable venture where you can invest your available resources in?
      I am aware of most of the above but hadn't really applied the thought process at all. My strengths really lie in being a great speaker, an excellent engineer and good people person but how I combine these into a business I can work on and not in without massive investment upfront is the issue I am trying to overcome. Now I already earn a comfortable living as a project manager/engineer but this requires me to sell my time so it's coming up with a product that encompasses the above??

      Anyway I guess only I can do that based on my self knowledge so need to concentrate on this rather than spinning in circles and paralysing myself with analysis.
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      • Hi,

        Duplicate yourself. How about initially investing your available resources in creating training materials that can be streamed and distributed online, in order for others to learn things that helped you gain your specialized knowledge, to practice specific skill sets by simulating things that helped you learn your significant skills, and to educate themselves in tackling potential problems and issues based on your substantial real world expertise, all to access gainful employment and business opportunities for themselves? Then:

        How about testing, screening and hiring qualified people after they go through your training programs, in order to accommodate the needs of your contacts and their contacts and the contacts of their contacts for hiring people with relevant specialized knowledge, significant skills and substantial real world authority expertise? And:

        How about assigning the best ones you've hired to do the same training sessions, screening systems, testing procedures, hiring processes, client acquisition and account management, to scale up your business?

        Anyway, I know this depends on the demand for your specific resources by players and markets in specific industries, though you can look into this closer. I just based the things above from what you said about your available resources:

        Specialized Knowledge, Significant Skills and Substantial Real World Authority Expertise

        Originally Posted by CPH007 View Post

        I am aware of most of the above. My strengths really lie in being a great speaker, an excellent engineer and good people person.
        Money to Invest and Good Contacts

        Originally Posted by CPH007 View Post

        I already earn a comfortable living as a project manager/engineer.
        You said you're already earning well from what you're doing. This means players in certain industries are willing to pay good money to people like you with specialized knowledge, significant skills and substantial real world authority expertise in relevant subject areas and niches. And:

        There could possibly be other players who still have yet to find these people, and job markets that want to access these good paying opportunities for themselves...
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        • Profile picture of the author CPH007
          Originally Posted by Marx Vergel Melencio View Post

          Hi,

          Duplicate yourself. How about initially investing your available resources in creating training materials that can be streamed and distributed online, in order for others to learn things that helped you gain your specialized knowledge, to practice specific skill sets by simulating things that helped you learn your significant skills, and to educate themselves in tackling potential problems and issues based on your substantial real world expertise, all to access gainful employment and business opportunities for themselves? Then:

          How about testing, screening and hiring qualified people after they go through your training programs, in order to accommodate the needs of your contacts and their contacts and the contacts of their contacts for hiring people with relevant specialized knowledge, significant skills and substantial real world authority expertise? And:

          How about assigning the best ones you've hired to do the same training sessions, screening systems, testing procedures, hiring processes, client acquisition and account management, to scale up your business?

          Anyway, I know this depends on the demand for your specific resources by players and markets in specific industries, though you can look into this closer. I just based the things above from what you said about your available resources:

          Specialized Knowledge, Significant Skills and Substantial Real World Authority Expertise



          Money to Invest and Good Contacts



          You said you're already earning well from what you're doing. This means players in certain industries are willing to pay good money to people like you with specialized knowledge, significant skills and substantial real world authority expertise in relevant subject areas and niches. And:

          There could possibly be other players who still have yet to find these people, and job markets that want to access these good paying opportunities for themselves...
          Aha thats given me much food for thought! Thanks for the input its much appreciated. I do enjoy what i do but the project management side really is a means to an end whereas the engineering side of my business I truly enjoy along with many hobbies based around engineering also. I am going to work on where i can apply this with maximum enjoyment creating a product.
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      • Profile picture of the author CPH007
        Originally Posted by Art of Marketing View Post

        Hi Colin,

        What the heck you doing in Fat Loss if you are an experienced Speaker?

        You can sell your taped speeches. Teach people who want to get paid to speak and teach people afraid of speaking in public places?

        Even that is good tool for dating niche as well for shy types.

        You will have alot more fun it will come natural to you and there is an audience.

        Just a thought my friend.

        -Art
        Well it's not something I really classed as something to earn money from I just thought it an essential skill for my business currently. Thanks for the inspiration it has given more to think about which was aim of this thread
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