- Oct 9, 2013
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If you feel like this, and it's good to feel like this, switch what you do.
Options are generally :-
1) Services/Agency
Run some sort of agency providing services. You can start as a consultant but you'll want to move to an agency model for scale.
2) Ecom
Niche products for ecom is generally where the big money is.
3) SaaS
Biggest money is in SaaS.
There are different levels of ethics in business.
The first level is avoiding anything where the user is basically getting scammed. This is most of CPA. They are not getting value. It's not a balanced relationship. It's a milking the consumer relationship.
The second level is sticking with things that are more positive for people.
Ie, gambling and porn aren't particularly good things for society. It's way way above the first level because it's an exchange of energy. The person does want to gamble and they do want porn.. However.. In the course of doing business you will be persuading people which means you're using your powers of marketing to get people to do more things that are a net negative for their life. Gambling and adult are a net negative generally.
Not always.. If you're a millionaire and you want to go gamble, great. It's fun. I enjoy it. I do it on occasion and I don't care if I lose. I am paying for the excitement/thrill. I'm not trying to make money from it, but most people who gamble need money.
Likewise adult is not morally wrong. It's just not that great when pushed so heavily in society and it consumes people.
Level 3 is where you have an appropriate energy exchange and the person is getting a net positive.
Even something like a burger joint is a net positive for people. If you really care about people you would make a healthier one that doesn't use seed oils, but most people who eat even a mcdonalds are having a little enjoyment out of it, and providing they don't pig out, it's not THAT bad for you in moderation.
Then you have things that are a real net positive for people like Amazon. It's convenient and you buy stuff you want to buy.
Of course you can really go down a rabbit hole and argue that consumerism is bad and people should invest, but that's just taking it too far. Society as a whole is NOT at that level. People want to watch netflix, be entertained and consume interesting products and that's absolutely fine.
Which is where my next response takes me.. ;-)
This is an example of taking this WAY too far.
Why should someone who's built a business like Amazon that's provided fast convenient products to the world not enjoy a yacht?
If I have a net worth of $10 billion, are you saying I should give $100 million away instead of getting a yacht? Why? This is not an energy exchange. It's just giving money away, which will end up back in the hands of the wealthy.
Think about a small scale.
You live in a small village with 500 people.
The people in your village have no access to salt and pepper, so you setup a business that imports salt and pepper and you sell it. You dominate in your village. Everyone buys from you.
Everyone is happy. They get their salt and pepper. Their food is tastier.
I'm now the richest person in my village. I use my money to build a massive house. That money goes back into my village(the global economy as a whole in the case of a yacht).
Am I a bad person? Should I instead just GIVE my resources back to my village for free?
I don't NEED to. You don't have to give away everything to be a good person.
I am already enriching my village.
Money should flow.
I could build a good private school and charge people money to go there. I get more money. I can maker a higher quality product and people benefit. Some of them will go to run businesses to further enrich the village.
The problem is not necessarily the wealthy. The problem is that most people in the world are in a consumer mindset and don't want to create. They want to consume. Simply giving away money will not help them. It'll just flow back to the creators.
Of course, in our world, we have an element of it that does control the narrative and aims to keep more people enslaved in consumerism as this benefits them more. But this doesn't change the principles of commerce.
It's a VERY unhealthy mindset to start to think the rich should be giving everything away and being angry with them for buying yachts. This, I guarantee, would lead to a worse world for everyone. History has shown us this.
