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Why you will never make easy money online

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  #1 (permalink)  
Old 06-04-2008, 23:04
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Default Why you will never make easy money online

Hi guys.

I just want to show you all something which I needed to get off my chest if I'm honest. The perfect read for anyone who has that 'make a quick buck' mindset.

I've just finished writing a blog about how the concept of making quick and easy money online is flawed. I've seen so many threads and posts (on other forums) about these kinds of methods so I feel like I finally had to expel some myths

Have a read and post some comments on the blog (or here) if you would like to provide some input.

Thanks folks.
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  #2 (permalink)  
Old 09-04-2008, 07:20
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Quote:
Originally Posted by Scottscd View Post
Hi guys.

I just want to show you all something which I needed to get off my chest if I'm honest. The perfect read for anyone who has that 'make a quick buck' mindset.

I've just finished writing a blog about how the concept of making quick and easy money online is flawed. I've seen so many threads and posts (on other forums) about these kinds of methods so I feel like I finally had to expel some myths

Have a read and post some comments on the blog (or here) if you would like to provide some input.

Thanks folks.
Scott

Try to post original stuff?

That post has already been beaten to death on "another forum", and moreover it is clear that some of us dont agree with it at all.

If you had ever set up a physical business you would discover that

(a) It costs a lot more to set up in the physical world.

(b) It is a great deal slower

(c) It is far more risky.

(d) The overheads are so much higher, that margins must be lower.

So by any standards compared to offline , then online is "quick and easy"

The best bit of all is you can test an idea online very quickly - you have the research tools needed to know exactly how many people are looking for what you have to offer, and what they are looking for.

You can see your competition, so you know how to find a USP

You cant match that in the offline world - no amount of generic research or market research can ever match the online tools

The reference in your post that says, you must either be getting something for nothing, gambling, conning or so utterly unique to succeed online are IMHO wrong.

Most goods that you buy on or offline are not manufactured by the seller. at all. They are bought and sold....which puts paid to the idea that unique goods are needed.

A unique offer yes. Unique goods no.

Other wise how for example does more than one printer succeed online?

This is the same total fallacy you hear on dragons den every week.
The dragons tell all the contenders, that unless they are both unique and protected by IPR then they have no business.

Yet look at the dragons themselves. Not a unique idea or an innovative braincell between them . They have all succeeded by taking an existing idea and streamlining it to perfection.

And there are powers that you have online which is hard to match in the offline world:

(a) the power of a joint venture.
(b) the power of viral spread.
(c) the power to advertise free, in the biggest directory on earth.
(SEO and web2)
(d) the power to buy an ad for cents or just a few pounds to test an idea
(ppc and banners)

Sure you can do a direct mail JV but at around £600 say per 1000 contacts it is not cheap to do. So email JVs are the way of choice to start up any business online.

Word of mouth viral spread works off line, but not nearly so fast as online.

You can advertise offline, but however you do it costs hundreds.

Of course.

It has to be treated AS a business. And just as you would not succeed easily offline selling tat - though some do: it is unlikey you can do that online either - though id hazard a guess that you would do better online than off. As a rapid search on ebay proves.

Just my thoughts.
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  #3 (permalink)  
Old 09-04-2008, 08:42
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yeh, we've done this one somewhere else.

Original content only over here please
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Old 09-04-2008, 09:21
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Disagree this is a different forum and many people will not have seen Scotts original post.

I think he raises some interesting points.

Its all very well for established experts to contradict his ideas,but I think he is addressing the man /woman in the street who has no Knowledge of the ecommerce game.

and it would be interesting to hear a different set of peoples views.

Alvin

P.S very little on this planet is original.
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Old 09-04-2008, 09:27
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Quote:
Originally Posted by Alvin View Post
Disagree this is a different forum and many people will not have seen Scotts original post.
Oh ok.

I actually think he took the wrong title...it was really a warning against get rich quick schemes...but seemed to managed to tar all online business witht the same brush.


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very little on this planet is original.
Alvin (and 4 billion others?) all original....or are there several alvins out there.

Coming to which would that be a good or a bad thing

Discuss....
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Old 09-04-2008, 09:34
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He did post this on both forums at a similar time, and not everyone is a member of both so whats the fuss about
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  #7 (permalink)  
Old 09-04-2008, 09:39
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well I was not including human beings ,But ideas and inventions,all of which are mostly developements of previous ideas.

would be most interested to hear of a truely original idea.?


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  #8 (permalink)  
Old 09-04-2008, 09:45
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Quote:
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well I was not including human beings ,But ideas and inventions,all of which are mostly developements of previous ideas.

would be most interested to hear of a truely original idea.?


Alvin
Agree that nothing was truly original

even dysons vacuum was just ac opy of sawmill dust extraction

The best ideas are simple but far reaching become taken for granted and not superceded quickly

Velcro??

Sounder on a kettle??

This wound metal foil type scourer pad, that cuts into dishes, not your hands???
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  #9 (permalink)  
Old 09-04-2008, 09:55
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Agree that nothing was truly original

even dysons vacuum was just ac opy of sawmill dust extraction

The best ideas are simple but far reaching become taken for granted and not superceded quickly

Velcro??

Sounder on a kettle??

This wound metal foil type scourer pad, that cuts into dishes, not your hands???

I'd give velcro as possibly a truely original idea.

I was making vacum cleaners for a company called Sturdevant in the early 60's that worked on the same principle as the Dyson so has always bugged me how he got a patent.?

I have always thought the most important invention was Bessemer's making steel from iron.

Imagine modern life without steel.?

Alvin
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Old 09-04-2008, 10:03
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Imagine modern life without steel.?

Alvin
It would be great, no rust.....

d
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