Saturday, March 28, 2009

The Illusions Of New Ways To Make Money

As a well "plugged in" neteprenuer (read to mean subscribed to many email lists), no month will pass before you get an email in your inbox about a new way to make money online.In Russell Wright's Market Domination report, he notes " the idea that there are constant new ways to make money online is an illusion...under this illusion and [at a] rush to make a fortune online through this new methods, [you] actually miss out on getting the simple facts and skills that will bring you long term success'.

Holding on to sound business principles has never been as important as it is in the internet business.And as Wright points out, there are simple facts and skills, however they are not obvious.The internet has such a knack for supporting warped business concepts due to ease of reach and access to a large gullible populace.

The illusion that there are constant new ways to make money breeds in the fertile grounds of the first illusion discussed here last week - that of constant change.Wright nails it when he says, "whenever 'the next big thing' comes along, there is always another internet market product for me to buy that is supposed to be the best way to cash in on the latest changes online"


The new ways of making money ride on the fact that things are changing.

And by being an early adopter you can cash in before everyone else.And though there is truth in profits being first to market, you need to note there has to be a market; a sizable sustainable market.Otherwise you will be dealing with a passing fad rather than an incoming trend.This is the difference; trends are usually evolutionary and not revolutionary as is always presented by fads.Market trends are gradual events, overtime, many times building on the past hence evolutionary.This is opposed to fads that easily come out of the blues and jump on you.

Even with trends you really do not have necessarily a new way to make moneys, rather a different way.Often this way is more convenient, cheaper or better or some other positive adjectives as far as the market is concerned.

This illusion of new ways to make money can be blamed on particular cliques of prominent internet personalities that feed their email lists with the fear of change.These cliques then profit from selling the purported anti-dote to the change through joint ventures and affiliate programs.However what is not clear is whether this is done as a well planned rip-off or they too are disillusioned.

These cliques consist mainly of individuals that entered the internet business in its early ages when the internet was still getting its footing in the world's economics.This was a time of perpetual change as the human race expected big things to happen with the internet but were not exactly sure how it was going to happen.With the entry of email list these individuals managed to gain access to many netprenuers inboxes.So their ideologies tend to spread like wild fire.Obviously when they hold on to wrong ideologies they tend to infect a whole lot of people.

But a word of caution from king Solomon, the wisest man who ever lived, "Is there anything of which one can say Look!There is something new?It was here already, long ago; it here before our time." So if it's new, buyer beware.


About the Author

The author recommends an All-in-One Small Online Business solution by SiteSell, see the SiteBuildIt Review here.

It is a product by Ken Envoy.

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