A bit cynical – Internet “millionaires” do they really exist?

1127283_golden_money_51I’m sure everyone who has spent a little bit of time searching on how to make money online, has come across some of the greats of internet money making (and possibly a whole lot of rubbish along the way as well!)

Personally, I’m subscribed to Michael Cheney’s newsletter (god knows why), also I’m on Yaro Starak’s list (because he gave out a free ebook for new subscribers) and some other guy as well, Perry Marshall.. I hardly read any of those newsletters. Mainly because they try to sell me seminars and courses worth hundreds of dollars or pounds at any given point. And also because I have this sneaking suspicion that in order to make a lot of money online (especially if you’re trying to earn by blogging!) you need to live and breathe the internet. Content based online-money-making is especially hard. If you cannot churn out new articles every day that capture your audience’s attention, you’re doomed from the start. Unless you have lots of money to hire some content writers to do the hard work for you. And then you have to be social apparently. Build up a huge following on facebook, twitter, myspace and god knows where else. Be nice to people, talk to them, answer their questions, and subtly try to point them towards your site, hoping they will either click on some ads or buy an affiliate product through you.

Not only does this whole thing sound extremely tedious, but unless you’re targeting a market which is profitable and still not overcrowded, or you spend a hell-of-a-lot of money on advertising, chances are you will not attract enough visitors to get Google to send you your first Adsense cheque even.

So why are people still claiming they’re making thousands per day on the internet? Well it’s quite simple to me actually. What do these people usually sell? The one’s that seem to be rich and successful. They’re the ones with the “how to make money online” blogs themselves! They sell their courses and information packs and ebooks. And us desperate saps buy them and that is how they are successful.

The get-rich-online myth is still very much active, many people with limited or no technical knowledge or insight into ecommerce want to start up their own website and earn with minimum effort, in what seems to be a modern-age Wild West. The Internet.

Now the above all might sound very cynical. Hey that’s how I see it though. I’ve been making money either directly or indirectly through the internet for years now. So I know it’s possible to earn with a website. For us mere mortals it might even be possible to eventually survive with just online earnings. But it is NOT possible in my opinion, to make thousands per day or even per week, using content (as the internet gurus tell us “by following your interests and passions) and some affiliate / adsense links! That is just simply bullshit. I’d like to crush this myth once and for all! If you like model railways or remote controlled cars. Writing about your passion and marketing some related products will not pay that mortgage on the Chateau in France you’ve always wanted, while you’re out zipping around in your Ferrari. Hell no! It might give you some pocket money to enjoy perhaps. But here’s the real secret to online millionaires: The only way you can make a LOT of money online, is by marketing the idea that people can make a lot of money online. That’s right! The Internet Marketing greats of today are cashing in. And simply because us morons would like to believe in that ultimate dream of living a 5 star lifestyle just running a few websites about your hobby.

In essence it’s all just a big MLM type scheme. As long as you keep selling the illusion on, you will make money.. but the poor guy at the bottom of the chain won’t have anyone to sell it to anymore once the market is completely saturated.

Advertisements

3 Comments »

  1. odzer Said:

    @ Hedonist : Having worked for one such millionaire I can assure you that they did not get rich stuffing envelopes. Even if you come up with a great idea do not expect that you will survive because in the Internet world the big fish gobbles up the small fish. So your cynicism is well placed!

  2. Hedonist666 Said:

    Millionaire??? hai hai! anyone I know 😉
    I just really feel that in order to be good at “monetising your blog” or stuff like that – essentially making money without directly dealing with any product or service – you have to target exactly the same topic; making money online. That’s where the high commissions are etc.

  3. Marvelous!!! Job you have done. Actually, you are pleasure to know, seriously. Your work is incomparable. It’s a masterpiece.
    Your article is very resourceful and beneficial. And the work done is appreciable. Thumps up for it!!!!!!
    Mobile Repair


{ RSS feed for comments on this post} · { TrackBack URI }

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: