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The 4 reasons why you aren't successful at IM

Discussion in 'BlackHat Lounge' started by ferg2, Jan 3, 2018.

  1. ferg2

    ferg2 Registered Member

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    1. Internet Marketing has a low barrier to entry.

    There are thousands of IM FB groups of people doing marketing from stay at home moms, to students, to retired senior citizens. You always want significant barriers to entry in any business you get involved in, and you want to be one of the few people who happen to be able to overcome those barriers (for whatever reason - specialized skills, access to capital, or whatever). Entering a saturated market with low barriers to entry is always a bad idea. Doing so as a way to make money is the worst idea of all because you couldn't start off in a worse position. If one has the hustle and bravery to start a business, why not start one where you actually add value and have a competitive advantage rather than a saturated one with low barriers to entry? The only reason to do so is because you couldn't think of a better idea. And that's a bad reason to get into any particular business.


    2. You think reading methods, books, and buying courses will turn you into an entrepreneur.

    If you were making $XXX, XXX from a system method that works.

    Would you bother deviating and making a course/posting method on a forum or would you try to scale your other system and get more money?

    So you mean to tell me you have this expert knowledge of Facebook Marketing, SEO, and copywriting and you're dedicating your time to making webinars, amazon affiliate sites, and niche ebooks?

    Do you see Larry Page and Sergey Brin making courses about "How I got into the search engine advertising business and made billions"?

    Being an entrepreneur is about creativity; they’re about having an open field of your imagination and connecting the dots from A-Z on your own.

    Reading self-improvement books by Grant Cardone, Gary Vee, and Tony Robbins will not make you an entrepreneur.

    It's not like, when you are faced with a difficult decision, you are going to look back at some book you read and know what to do. People don't behave the way they do base on what they read in books, but based on experience.


    3. You think that you can beat monopolies

    Internet Marketing is a maturing industry. The expectations that people have for Internet companies are dramatically higher than they were 13 or so years ago.

    The “Frightful Five” (Google, Amazon, Apple, Facebook, and Microsoft) dominate all the major market segments. They make it harder for the average person to capture a portion of the market.

    All the possibilities in almost every situation have been determined down to decimal places by computers owned by the Frightful Five and the results have been evaluated by staffs of exceedingly acute experts. In pitting yourself against these computers and highly paid experts, you are very much like an amateur chess player who elects to pit your skill against a consulting collection of chess masters. Your doom is virtually sealed with your very first move.

    4. Internet Marketing is volatile.

    Dropping out of college to do IM was one of the dumbest things I've ever done. Last summer I lost my highest paying clients all at once. It was nothing that I did either. I tried finding new clients through various lead gen strategies but nothing would work 6 months later I've gone through all my savings. You should never stop going to school or quit your job for IM. Doing so will most likely cause financial ruin.
     
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  2. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    Nice points. Regarding this field being volatile, you can have multiple sources of income to be on safer side.
     
  3. cursedbrain

    cursedbrain Regular Member

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    Well, just because you failed doesn't mean everyone else will. Believing the type of nonsense that you've posted in your "4 points" is exactly the type of attitude that got you to failure. If you feel discouraged after reading this thread, you should watch this video. The internet is a miracle and quitting your day-job for Internet Marketing isn't even needed. Work from 9 to 5, then focus on Internet Marketing in your free time. Once you earn enough, quit your job and focus on scaling your IM projects.
     
    Last edited: Jan 3, 2018
  4. rolen123

    rolen123 Newbie

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    that's so true especially about the monopolies not just for IM for any freelance computer based job (design ,development,writing,video edit etc).
    there are almost no free way to advertise anything effectively.

    there are also alot of fake paid advertising , facebook sent me bot trafic only when i tried it. google has your competitors cliking your ads and alot of other scams.

    making even 1$ a day auto pilot is very hard, if you ever tried you know.
    freelance websites has people bidding for 2$/hr for jobs that are worth 200$/hr.

    and ye if you dont have multiple income streams you will fail the moment somthing changes. like a leaf in the wind. dont quit your day job that fast. and defiantly dont touch your savings.

    scamers that teach "to make money onlinzis" make good living even if only 10 idiots a year buy from them with thier upsales etc.
    its very very hard to make an honest living from an online business. and all the people i met that know somthing will never teach you how to do it even if you torture them.
     
  5. cursedbrain

    cursedbrain Regular Member

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    Look, you are just complaining. If you are really convinced of the above, you should be flipping burgers at McDonald's. Making "even 1$ a day on auto pilot" is not that difficult nowadays. You just have to try different methods until you get one to work for you. Hint: The best tool for "auto pilot" stuff is imacros, and domains are cheaper than ever ($0.48). Stop complaining and start doing more. Hope this motivates you :)

    Cheers
     
  6. ferg2

    ferg2 Registered Member

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    I'm pretty sure that the average Mcdonald's employee makes more money than the average IMer.
     
  7. snowball64

    snowball64 Newbie

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    thanks for sharing your ideas, mine is making money from the internet is simply reading and taking action believe me if this method didn't work then the other one will and even the other one didn't then surely the third will plus you have nothing to lose , and don't be afraid of methods that require a little investments trying a new method is better than buying a new Nike shoes . hope success for all.
     
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