a couple of questions for you 'smart' entrepreneurs

[ray3400]

DONT GET A JOB

but.... entrepreneurship, especially on the net is so competitive it's hard to make enough

i have done cpa and cpc ads for a year now and have only made a little less than 1k$ ..

granted i only invested 100$ or so, it still doesn't seem believably easy to live of the salery of an internet entrepreneur competing with corporations that already have it down to a science. So is it a bunch of bull? how do YOU make big profit??

[NoelKuhl]

You got a 900% profit and you think that sucks?

[escapeplan]

Interesting topic. It does seem everyone is trying to go down this internet business route- and as with what happened in the UK property market, when everyone runs one way- run the other!

The internet market is highly competitive and SBI has only muddied the water here- it's hard to get an accurate picture of how many internet businesses are making serious money. If you own a shop, or operate a plumbing business, people who come to you are wanting to buy, whereas on the internet your visitors are largely information seekers. What's so wrong in operating a real world business anyway?

This forum seems devoted at times to the pack up work and run a blog mindset- why? Is it because with an internet business you can try to hide a lack of skills that would otherwise be required in the real world? I know some have made money and big money with internet businesses- but like I say, when a substantial mass all run one way...

As for the comment about a 900% profit- that's daft. If the average employee's costs are a few dollars in travel expenses getting to work, you could argue they make thousands of percent profit per day! Crazy argument!

[KaleidoskopicVision]

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.

[abaca]

Have a look at the challange.co

[escapeplan]

Originally Posted by KaleidoskopicVision

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.

[RomanHD]

Originally Posted by escapeplan

Interesting topic. It does seem everyone is trying to go down this internet business route- and as with what happened in the UK property market, when everyone runs one way- run the other!

The internet market is highly competitive and SBI has only muddied the water here- it's hard to get an accurate picture of how many internet businesses are making serious money. If you own a shop, or operate a plumbing business, people who come to you are wanting to buy, whereas on the internet your visitors are largely information seekers. What's so wrong in operating a real world business anyway?

This forum seems devoted at times to the pack up work and run a blog mindset- why? Is it because with an internet business you can try to hide a lack of skills that would otherwise be required in the real world? I know some have made money and big money with internet businesses- but like I say, when a substantial mass all run one way...

As for the comment about a 900% profit- that's daft. If the average employee's costs are a few dollars in travel expenses getting to work, you could argue they make thousands of percent profit per day! Crazy argument!

I so agree with all of this.

Another problem I see with Internet business is that of intellectual property and piracy. If you run a blog, people can steal your articles and post them as their own. If you run a YouTube channel, people can steal your videos. If you sell ebooks, a few people will buy them, put them on torrent sites and everyone else will just download your ebooks for free.

The industry itself also doesn't have a very good reputation. Probably most of the money made on the internet is from porn, after that I guess selling crappy info "products" or just plainly scamming people. You might have the best ebook in the world, but most people won't trust you, since it's the Internet.

[Mounds]

Lol, you got it RomanHD and escapeplan. I totally agree.

Roman mentioned that the #1 money maker on the net is porn and he's probably 100% correct. Do porn sites EVER fail? Is that even possible?

[RomanHD]

Originally Posted by Mounds

Lol, you got it RomanHD and escapeplan. I totally agree.

Roman mentioned that the #1 money maker on the net is porn and he's probably 100% correct. Do porn sites EVER fail? Is that even possible?

I don't know man, maybe we should try to make the worst porn site in history and see if it fails

[mikethedrummer44]

Originally Posted by Mounds

Lol, you got it RomanHD and escapeplan. I totally agree.

Roman mentioned that the #1 money maker on the net is porn and he's probably 100% correct. Do porn sites EVER fail? Is that even possible?

Actually it's pretty hard to make money with porn, or so I hear. Google HATES porn sites, so you'll have problems ranking well, and any site that links to you is in danger of being removed from Google. Also, there's a TON of competition. Still, might be worth a try.