I visit forums like Wickedfire from time-to-time. Most of the people there want short-term riches with little to no effort.
In fact, the business I started 4 years ago, which is still profitable today, came from an idea I saw in Wickedfire. Only, all of the people in the forum that tried it got banned because they wanted to do it the scammy way..and I built it like a real business and gave people real value (and still do).
Even the guy in the article seems like he thinks like a gambler and not a business owner. He makes $100K and what does he do? Blow it on expensive cars, trips, and other luxury items. He should have taken the money and created a service or software based on what he has learned from affiliate marketing. Another route could have been a legitimate marketer. He might be in a happier place now.
To be fair I did point out that blowing the money was an obvious mistake on my part. Those numbers don't include expenses either. Actually most of the money was lost to testing new ideas.
I found it odd that even after some success, you had to borrow money and look for credit limit increases. Or did you have the money and it was just that CC was the method of payment?
Affiliate networks usually payout on net-30 max, or net-7 minimum. Google and other ad networks take payments on net-3 or less. So you have to float money for ads while you wait to get paid.
Yeah it's all about managing cashflow. That's how the entire thing works. Affiliates float money hoping the network pays. The network floats money hoping the advertiser pays. When the advertiser can't pay a lot of people disappear.
> In fact, the business I started 4 years ago, which is still profitable today, came from an idea I saw in Wickedfire. Only, all of the people in the forum that tried it got banned because they wanted to do it the scammy way..and I built it like a real business and gave people real value (and still do).
The poster is probably being deliberately vague, because the barrier to entry in this industry is low.
If you have something that works and share it with the world, you'll quickly find yourself with 1000 competitors. They'll probably be poor competitors, but because of the nature of SEO, they just might outrank you for no good reason at all.
Or the competition might bid up (at their loss, but yours too) whatever you need as inputs (like traffic sources).
I thought you practically demonstrated that ideas are worthless unless someone executes them properly. The idea you executed was an old and tested one, but it kept failing due to scammy executions. You gave it a proper execution and voila!
Without being judgmental, the author has been under the influence of "Hit n' Run", "Dine n' Dash", "Pump n' Dump" on all his investment decisions and business operation.
Like they say, you can get a man out of the bad neighborhood but you can't get the bad neighborhood out of a man, and this is coming from your typical low middle class guy.
In fact, the business I started 4 years ago, which is still profitable today, came from an idea I saw in Wickedfire. Only, all of the people in the forum that tried it got banned because they wanted to do it the scammy way..and I built it like a real business and gave people real value (and still do).
Even the guy in the article seems like he thinks like a gambler and not a business owner. He makes $100K and what does he do? Blow it on expensive cars, trips, and other luxury items. He should have taken the money and created a service or software based on what he has learned from affiliate marketing. Another route could have been a legitimate marketer. He might be in a happier place now.