Making Money On the Internet: The Big Naked Elephant in the Room

It’s time for us to say something that everyone pretty-much thinks about: That the best or easiest way to make money on the internet is to sell a product on how to make money on the internet. It’s like looking into a reflection of a mirror in a mirror — it’s mirrors all the way down. We got an email from a “guru” the other day, selling his product. His sales pitch was essentially that specific “business model”: He said, basically, I was taught by the best gurus in the business — guys who taught me how to make money on the internet — so now I am giving you the same opportunity — for $X, I’m going to teach you how to make money on the internet. And it continues into the next generation: he describes how one of his students, a young college dropout, who is now — you guessed it — selling a product on how to make money on the internet. Now, don’t get us wrong, some of this material is very good; we’ve reviewed some of it and have included them in our “Buzz Bin.” But the question has to be asked, is that all there is? It’s like the U.S. economy — everybody was buying and selling and betting and leveraging stock — but nobody was making any goods.

We are certainly not innocent here: Our site is, after all, how to make money on the internet, but our tagline: “The good, the bad, and the ugly” is a statement that we are going to talk about, expose if you will, the bad and the ugly. But as we complain, we see opportunity. Where are the opportunities that people are missing? There are entrepreneurs who are making, month after month $10,000 or more a month on their Yahoo stores, eBay stores, and as affilliates for non-how-to-make-money-on-the-internet products… We think that’s where most of the future potential is. The guru products can teach you a lot — about Adwords, Adsense, Clickbank, Commission Junction — but you still need a product to sell; something to specialize or focus on. The guy who sells discount Italian clothing on eBay because his family has the hook-up in Milan is what we are talking about. The guy might have purchased and learned some valuable material from the  how-to crowd but he doesn’t turn around and create his own how-to product — he sets off to build his business, which is much more sustainable.

So we felt this must be said. While everyone goes for the quick buck, the long-term opportunities lie elsewhere. Learn from the gurus and then build from that with your own passions and talents. In our Welcome message, we compared the internet to the wild, wild west. To extend that metaphor further, you can’t make money as a gunslinger or gold prospector today (for the most part).

(original content by www.richdogmillionaire.com)

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