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.
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.
