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Old 08-09-2010, 03:12 PM   #6 (permalink)
escapeplan
Senior Member
 
Join Date: Nov 2009
Location: Europe
Posts: 839
escapeplan will become famous soon enough
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Quote:
Originally Posted by KaleidoskopicVision View Post
The people on this website are a miniscule slice of the entire population of the world. Not everyone on this website is even interested in online entrepreneurship. We're interested in personal development and some of us see online entrepreneurship as an avenue for financial wealth because of Steve's success. The people pursuing internet entrepeneurship are a miniscule slice of the entire population of the world. I'd be surprised if they composed even 1% of world population. You're suffering from cognitive bias.

Also, while I applaud the ambition required to see a 900% profit margin as insubstantial, you must acknowledge that such a margin goes above and beyond the average profit.
To clarify, I think a lot of people are trying web based businesses, not least things like e-bay etc to varying degrees.

You actually hit on a really valid point about people on this site being interested in PD. PD covers a whole range of issues but I think making money is to many people an important aspect of that- if for no other reason it frees them up in terms of their time and mental workload to focus on more important things rather than how to pay the bills.

That's why I've always been concerned about the promotion of sbi and blogging on this site and the vague advice to follow your passion. From a PD point of view it's really not great. But since this is a small slice of the population, and since I was responding to the op, it makes sense to point out the pitfalls of following the crowd in the interests of pd.
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