I just do not get it... a guy from the WF named Tim Atkinson invited me to a webinar where a guy told that he is making 200k a month with this super new seo technique blabla.. 2 hours long webinar and at the end he wanted to sell a software or so for 1k... i just do not get it why this gurus still need to make more money... to be honest.. lets say i would earn just 50k a month.. damn i would even donate a good amount of that money and would help people for free to achieve the goal of fulltime income... because it would make me feel good... instead of that this guy is telling me that this is super secret and only for members of my email list blabla... i am absolutely a non jealous person and i am already earning a good amount of money but this guru shit makes me nuts lol..
Why gurus that make 200k a month still want to sell something ???
- Thread starter novel92
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- gurus make money scams
GimmeMoney
Regular Member
- Apr 19, 2009
- 401
- 516
Yeah most of these so called gurus only income is that which comes from those who buy their products. There are some good guys to learn from but you have to wade through a ton of shit to find them. 99% are bullshitters.
Standard
Junior Member
- Feb 1, 2010
- 176
- 24
Exactly, gurus make money from products, not from their knowledge.
In any case a good way of gauging if someone is a fraud is looking at how much free value they offer. If they actually offer value for free and what they offer helps you then their paid product is probably worth it.
CashGrower007
Power Member
- Apr 1, 2009
- 516
- 163
Even IF they did, they might be looking for additional income streams..
sure i know, but the funniest thing is that they even tell themselves that they are sick of all that scams and trying to be honest by telling their stories.... how paradox is that
Last edited:
kokoloko75
Elite Member
- Jan 1, 2011
- 1,627
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Beny
Total Noob
Banned - By Request
- May 10, 2009
- 2,446
- 2,732
to make more than 200k/month
xpwizard
Junior Member
- Nov 6, 2010
- 198
- 123
Yep. A lot of these "guru's" make their money selling courses/products.
If he hypes it enough he could easily make $50K+ in one day from selling this software... So why not do it?
Promoting/Cross-Promoting other people's software/products is easy money to someone with a decent list.
I make more money from sending out 3 emails to a single "guru" to set up a promotion as a jv broker than my wife makes in a month.
I don't own the products, I don't sell the products personally, and I make a smaller cut than the product owners and the JV partners who promote to their lists.
All the JV partner has to do is put some emails into their autoresponder and set a timer and show up on the day at the webinar (at least the first time).
Considering most of them would outsource even the autoresponder part, they might make 10-20k from a single reasonably well converting webinar for at the most a couple of hours of their time.
Unless you are doing extremely well, 20k for an hour of your time is good enough reason to promote other people's stuff if you have a good, not even necessarily that large a list and your systems are in place.
If the offer you want to promote is good enough and matches the list demographic, and it must be GOOD or you'll never get more than a couple of small time JV partners, and the product owner has all their funnel set up, it's pretty easy to get people to promote for you.
Bottom line, fast paydays for 'gurus', that's all.
I make more money from sending out 3 emails to a single "guru" to set up a promotion as a jv broker than my wife makes in a month.
I don't own the products, I don't sell the products personally, and I make a smaller cut than the product owners and the JV partners who promote to their lists.
All the JV partner has to do is put some emails into their autoresponder and set a timer and show up on the day at the webinar (at least the first time).
Considering most of them would outsource even the autoresponder part, they might make 10-20k from a single reasonably well converting webinar for at the most a couple of hours of their time.
Unless you are doing extremely well, 20k for an hour of your time is good enough reason to promote other people's stuff if you have a good, not even necessarily that large a list and your systems are in place.
If the offer you want to promote is good enough and matches the list demographic, and it must be GOOD or you'll never get more than a couple of small time JV partners, and the product owner has all their funnel set up, it's pretty easy to get people to promote for you.
Bottom line, fast paydays for 'gurus', that's all.
helpnub
Registered Member
- Jan 2, 2008
- 72
- 43
Op I tend to agree with you in general regarding why would you bother if you had that income each month. I suppose it depends on if that money is passive or active. If I was making money on auto pilot I wouldn't bother selling stuff to people via webinars. If my $200K was being made by selling stuff to people on webinars then I'd have to keep working
TheVigilante
Banned - Multiple Rules Violations
- Aug 31, 2010
- 15,002
- 16,107
Multiple streams of income is what they believe in mate and the fact that some of them are BS calling themselves gurus LOL
It is definitely BS. I know because I was the Marketing Director for one that everyone would know if I gave the name away.
Here's how their business model works:
They release 1 product a year. Let's say it's $3000. In the first 2 days they will make 90% of their sales. In a hypothetical example they sell 500 copies of whatever it is. This gives them 1.5 million in this product sale except for the following:
1. 40% return rate. Their is always a large group of their customers who want the information and return it or do a chargeback. This cuts the 1.5 million down to a little more than half.
2. 50% commission. Most of the time you could see the sales contests they always ran at guru.com/jv or something close to that. After #1, cut the revenue in half again after commissions.
So for 1 product they are at about 800k in revenue. This might seem like a lot but factor in office rent, G&A, salaries, etc. and the net is probably about 100k - 200k. To me that's not really bad but the guy I worked with was very unhappy with that number. His wife would go on spending sprees where there would be monthly expenditures of 50k of patio furniture on the corporate card. Yes, comingling of personal and business expenses.
Now the 11 other months of the year they are taking their mailing list they got through the product launch and sending other offers to it where they are now the affiliate and making the 50% commission.
The business model slowly cannibalizes itself because without any external advertising, the mailing list names are just getting moved around from 1 guru to the other. This is how it was done. The guru I worked for ran into a wall called the recession where noone wanted to by $3k products so he had to cut expenses back significantly (including laying me off) followed by a majority of his staff. I'm sure his wife kept up her spending ways though.
The best thing you can do for a guru is give them your email address. Be prepared to be hit with an onslaught of product sale emails after that.
Here's how their business model works:
They release 1 product a year. Let's say it's $3000. In the first 2 days they will make 90% of their sales. In a hypothetical example they sell 500 copies of whatever it is. This gives them 1.5 million in this product sale except for the following:
1. 40% return rate. Their is always a large group of their customers who want the information and return it or do a chargeback. This cuts the 1.5 million down to a little more than half.
2. 50% commission. Most of the time you could see the sales contests they always ran at guru.com/jv or something close to that. After #1, cut the revenue in half again after commissions.
So for 1 product they are at about 800k in revenue. This might seem like a lot but factor in office rent, G&A, salaries, etc. and the net is probably about 100k - 200k. To me that's not really bad but the guy I worked with was very unhappy with that number. His wife would go on spending sprees where there would be monthly expenditures of 50k of patio furniture on the corporate card. Yes, comingling of personal and business expenses.
Now the 11 other months of the year they are taking their mailing list they got through the product launch and sending other offers to it where they are now the affiliate and making the 50% commission.
The business model slowly cannibalizes itself because without any external advertising, the mailing list names are just getting moved around from 1 guru to the other. This is how it was done. The guru I worked for ran into a wall called the recession where noone wanted to by $3k products so he had to cut expenses back significantly (including laying me off) followed by a majority of his staff. I'm sure his wife kept up her spending ways though.
The best thing you can do for a guru is give them your email address. Be prepared to be hit with an onslaught of product sale emails after that.
BigMarcusStud
Senior Member
- Aug 8, 2011
- 1,174
- 244
Let me guess, he spent about 10 minutes hyping up the "true value" of the software, saying that he could have easily priced the software at $10,000. But no, he "sincerely" wants to help you out achieve the same "success" that he's having so he's "only" pricing the software at a "very low price" of $1,000.