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Pit Falls

When Thomas Edison invinted the light bulb, his famous quote concerning all his failed attemps was, "I have not failed. I've just found 10,000 ways that won't work." Sometimes the best way to learn how to do something is to first find out how not to do it. This category is dedicated to pit falls others have found and you can avoid.

Warning to Small Businesses!!!

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There is no Money TreeI brace myself every time I am reading directions and I come across the phrase, “simple process” , “easy to install”, etc. It usually turns out to be anything but easy or simple. The same is true when I read an add or website telling me how easy it is to make $100’s - $1,000’s a day on the Internet using their process. Having worked diligently since 1996 to try and monetize the Internet and World Wide Web, I know first-hand, that there is nothing “easy” about making money from the Internet. There are those who are making a very good income from the Internet, but the companies I know that are making a decent income off the Internet or even made millions, didn’t do it by buying someone’s get rich Internet kit.

I have talked to several prospective clients who needed a website and had been taken in by someone promising them an easy way to get rich off the Internet. It usually involved them buying several domain names and paying someone way too much to host their website. In the end, they were out a lot of money and not a penny richer than they were before they took the Internet class or bought the system that promised to make them rich off the Internet.

Get Rich Using the Internet

One basic principle to understand is, saying the Internet will make you rich is like saying using your phone will make your rich. Does having a phone for your business make your rich? If you know how to use the phone to market your business, maybe, but just having a phone won’t make you rich, it is a tool. The same is true of the Internet.  The Internet is a tool. If you do not know how to run a business, or have a marketable product, the Internet is not going to help. The principles of running a sound business have not changed with the introduction of the Internet and the World Wide Web. The Dot-Com Bubble of the late 90's painfully proved that to us.

The people I had talked to who had paid thousands for an Internet get rich kit, which included domain names, and overpriced hosting fees, knew very little about the Internet. It is a basic principle that you need to thoroughly investigate an investment of thousands for something that you know very little about especially when it comes to technology. What these people should have done was researched the Internet or ask an IT professional what they thought about the prospective investment. The catch is, these get rich quick offers usually come with the claim that you need to pay up now because this offer won’t last for long.  My response when a salesman tells me I need to act quick on something they are trying to sell me is, not interested. If I don’t have time to investigate, then something is wrong with what you are trying to sell me that you don’t want me to find out about.

The bait and hook is these organizations will always show you cases where others have made a pile of money using their system.  Realize, first off, there is always someone making money on some system but it doesn’t mean you will do the same. These claims to making a vast amount of income from the Internet are questionable at best. A better question might be, “How many, on the average, have come out ahead by investing in your system?”

Do Your Homework!

If you want to make a killing on the Internet, you are not alone. There are hundreds of thousands, if not millions, looking to monetize the Internet, INCLUDING the person trying to sell you the get rich quick scheme. The best bet is to find out as much as you can!!! Read up on Internet successes. Who is making money off the Internet. Become your own Private Investigator and do not take just take the word of someone else. Bottom line, if you do find out the magic solution, unless you are extremely lucky, it won’t be easy, it will take a lot of time and hard work.

Last Updated on Friday, 16 December 2011 15:08

Collapse of Penske Deal Spells End For Saturn

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[saturn's slide]

A deal to save General Motors Co.'s Saturn brand fell through after former race-car driver Roger Penske unexpectedly abandoned a bid to buy its network of dealers, prompting GM to say it would shut the operation down.

Last Updated on Saturday, 24 October 2009 11:12 Read more...
 
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