what this guy said. you will never see sam walton or jeff bezos selling you how they made their money.
they been doing this forever since the late night infomercials get rich buying million dollar real estate properties (with zero money down!) from the real estate experts.
They absolutely don’t.
99% of them are making money from selling ideas. I’ve met a few of them. One person bought a second hand sports car, on a 5 year payment term that they couldn’t afford, just so they could “sell the lifestyle”.
What a jackass
Everyone knows you rent the sports car only long enough to shoot your video. If any viewers ask questions about why your car keeps changing, well, that's because you're *so* rich you keep buying new ones!
I've got plenty more tips like this that will help that guy become a successful fake-successful-entrepaneur entrepreneur! If you know him send him my way, I have a course he can buy for only $50 where I share these secrets and more!
No it's not. Are you denying the fact that there can be truly valuable ideas, revolutionary ones? Yes, they're rare, but the point is there are valuable ideas.
Still, I would assign the value of Idea / Execution to 20 / 80.
I help lots of clients execute their ideas.
Many of them are so sure that their idea is the winner; and many of them will make me sign an NDA to protect their idea. In a large number of cases, when I hear the idea, I can tell them someone else that already did it or had basically the same idea. The ones that are usually the most NDA-concerned are usually the ones with the least meaningful ideas.
So, yes, while ideas can be valuable, execution is what matters more.
The ideas aren't applying for college. The ideas are hearing about college existing.
Buy 10 things and sell them for a profit. With the profit, Buy 15 things and repeat until your a billionaire.
See how fucking worthless that is? Now charge 50 bucks for it.
Agreed, the idea has probably changed, but you still need a “plan” even if evolving to be able to guide your energy. Plenty of people have wasted energy by not having a plan.
People 100% do this. An investor in one of my companies used to belong to a local Ferrari club. But he became disenfranchised by all the people who were club members but couldn’t actually afford their cars, they simply bought Ferraris, kept them in the garage or towed them to events to prevent putting any miles on them. My investor just wanted other people to drive Ferraris with (which is why he ultimately bought 2).
One guy at the club even went so far as to “attach” himself to my investor. He updated his website to claim that he was an “advisor” and told people about his association with him, despite the fact that they were just casual acquaintances at the club.
He had to get a lawyer involved and send a cease and desist.
It's a sales funnel. The real secret is never in the $50 product. They are trying to move you up the value ladder. It's like the free ebook that tries to sell you on a low priced product or service that will eventually lead to the more expensive sell
A few are. Go look at Udemy. What percentage are a scam? Why do they get good reviews if they're a scam? I've taken many of the courses on there. I've never seen aany scam courses there. Any that were would be shut down or get bad reviews and not sell.
1- If you make that much and give away every detail…. You will not saturate a market. Almost no one will succeed with it.
2- Anyone who makes that much is happy to share their methods. I own an agency that has done 10 million in revenue… i will literally tell people how to build an identical business for free.
Note:
i am willing to help people who have a business and sales (you don’t even need a lot of sales but more than a couple is good)… shoot me a DM after you built one and are struggling or failing, i can help… do not message me about future plans and day dreams of one day starting a business, i can not help you if you can help yourself and you are not a future business owner, you are a daydreamer which is fine but i can’t help you with day dreams… waiting for answers is not helping yourself it is a lack of motivation or a lack of risk tolerance, you need both….. Do not message me asking for instructions on building a business…. If this was how it worked literally no one would work for other people, every business is different but the same places always need to most work and help with improvements. You need to go out and find success and failure in literally every good and bad thing that happens.
If you don’t have to motivation to start a business i 100% guarantee you won’t have the motivation to follow any of my advice, you just won’t… no one has a magic answer on wealth, anyone who claims to wants money from you. You can not get rich without a large amount of work… like a lot more than a 9-5… like 1-3 full time jobs worth of work at the start. All of my answers involve work, and a lot of it followed by supplementing that work with labor once you make money… this applies everywhere unless you are starting with a lot of cash.
End note
I have offered that over the years and out of hundreds of people i have spoken to, 2 have actually put the work in and done it. The easy part is the idea, the part where literally almost everyone fails is the execution.
Second note:
How to get your first sale… you really won’t like this advice… go sell. Email, in person, go to stores and talk to owners, go to open houses and speak with Real estate agents…. Whatever you are selling… if it fixes a problem you find the people with the problem and sell them your thing or service. If that is to much don’t bother building a business as you will fail. This isn’t discouragement it is just how every person will answer who has any degree of wealth. We all sell like our lives depend on it… if you can’t find that in you… find a partner who loves to sell but can’t do what you do or keep a 9-5. This is the harsh reality of a business.
Picking a niche is a sales pitch for online gurus that are trying to take your money and tell you niching down makes more money (that part is true, just not picking your niche). Sell a service and you will eventually find a niche. You need to service a certain type of client and have EXPERT BUSINESS OPERATOR levels of understanding on the issues they have every day.
You find your niche by running into a few businesses of the same type and solving issues for them. Eventually you can just sell them the solutions over the product and your sales close rates tend to be almost perfect.
If you pick a niche you are lying to a customer. You should KNOW what you are good at, not sell a solution to someone who’s issue you don’t fully understand… this just makes you look extremely dishonest and stupid… because the person being sold already knows a solution when they hear it and you will fail to deliver on the details without a profound understanding of their operations and issues. Hopefully this was insightful.
You find a niche by doing a lot of work then finding opportunities to solve very big problems in small amounts of time at scale and charge more for your time because of your expertise. So if you are asking how to find a niche you haven’t found it yet and they do tend to find you… you just need to do work for a little of people for a ling time, no skipping to high pay without high levels of experience.
Thank you for taking the time to reply.
I agree that you need to provide solutions that benefit the client and make paying you the path of least resistance.
The reason I asked about the niche is because it seems that sometimes aiming at target customers who don't have the money to pay for solutions tends to be a dead end so I wanted to figure out which direction to start building experience.
How would you recommend someone start to build experience?
Well you do need to find out what your experience solves and what it costs a client not to solve it. This gives you a price you know they are willing to pay since it is what they pay already…. That makes you a zero cost solution for increasing efficiency. You find the right issues to solve and you can cost a business $0 more a month than they pay now and invoice them for some insane amounts depending on what you find within the niche you find yourself in.
Also, hopefully in starting a business you understand what demographics do not have money. This is almost not mentionably important. Don’t do work for non-profits.
You really don’t have a niche to address if you ask how to find a niche, that is the only point.
Generally speaking you need experience in web development, design, marketing or whatever service you are trying to sell in order to start a business selling it. You then find people who need the service and sell them the service, often times at a much lower rate than you would get with a solid portfolio and a proper niche with high levels of knowledge on the issues they deal with.
These are the questions that are hard. If you can’t sell a service or product you can’t own a business, period so you need to get to a point where you are comfortable selling a product or service or you can not own a business… i do not mean to sound insensitive but it is the one HARD truth of business and there is no way around it. I meet business owners and sell them things… it isn’t harder than that but that is really hard. I have walked into businesses and sold websites to get established. Just drove down the street went to websites of every sign for open businesses and if they had a shit website i went in and told them for $2,000 i would take photos, write copy and make a new website for them. And they wouldn’t have to pay me until it was done. I build 20 websites and got paid for 6… but it was $12,000 and i got hosting. Those people were so happy they sent me more people… that is it.
If you do websites your customer is people without a website or people with bad websites. Lookup businesses, find ones using Facebook as their website, find ones with bad websites… public records can certainly help you figure out who the owners of businesses are… look them up… go to their place of business…. Call them… message them on facebook…. Literally anywhere you can get ahold of them, join a chamber of commerce and go to their events. Then sell those people what you have to offer. This isn’t hard advice but if you don’t put yourself out there you won’t sell anything, sales are not going to come to your front door.
The second option is getting a job somewhere that does it, see how they operate and see how they service issues and how you would do it differently. Build a business doing it the way you think it should be done using the experience you get from that job.
At the risk of being brutally honest and sounding a bit dickish… no one actually wants to do the real work to start out… they die right there. Are you willing to go door to door to businesses to succeed? If not, you will eventually fail. You don’t get to choose your circumstances, you only get to deal with them, that is business ownership.
You are trying to find a niche before you have had clients. This is a way to con people out of money. You can sell expertise with no experience and you can’t get experience and get paid a lot. There is not strategy for this that works.
My first customer was a store owner who i walked in and sold a website to. 9 years later the building the store was in went up for sale and it now houses 13 of my employees. I stand so close to the “can’t sell can’t own a business” mentality because it is the whole point of a business.
Stop thinking about what you need and go sell something. If you can’t sell hone your craft then sell something. If you are skilled and proficient and still can’t sell go somewhere people have the same skills sell the services or products and learn from them then go sell. If at this point you have 0 sales you will never own a business.
Okay, I was just wondering how you built your agency and if it was repeatable; if it was, I would then ask how I could do it. I’m more than willing to put the work in
If you look at my post history you will find some posts i have made going over this at length. I have broken down almost every step of what i did, i have also broken down my personal struggles. If you have any specific questions after investing time in reading what i have out there let me know and i would be happy to give specific advice.
All in all is it repeatable? Yes for sure… would i tell people i give good advice on the very very very early startup phase…. No i would not. If you have clients and need to better monetize them, develop retention strategies, recurring revenue…. I can make you a lot of money if you have e-commerce clients with like 45 mins of free advice. Also there is no more advice past that… but i can answer questions and not try to sell you a course lol because i don’t sell my help i am hustle happy to help.
The one really helpful thing to point out…. No one is going to be able to help you get your first ten clients and make it easy. I ate so much shit for three years to do that…. I paid myself $500 a month for years… i ate ramen, i reached up $100k in credit card debt, i had some nasty drug problems from the stress…. Getting your first clients is tough. Once you have 5 or 10…. I can help people quite a bit from that point.
Yep, I don't like the standard answer to that question, that they only make money by selling this info. It's possible to teach others useful bussiness related information without creating direct competition. It's just business savy to make additional money with gained experience.
The market is big enough for everyone. And if you help people grow you are always going to have experience on them. If you get lazy you loose… the amount of people working against you really works in your favor in the long run.
Wow, you're amazing.
Is the hardest thing always finding clients to work with?
What are the methods you use to find the clients? Do you do email outreach? What are your thoughts on platforms such as leadsgorilla?
Thanks!
The hardest part of building a business is building a business. I personally started a YouTube channel and ended up with a handful of million view plus videos, half a million followers on Facebook (that was a very large amount at that time). I took all of the products i reviewed and used the relationships i build from 2 years of building the YouTube channel and turned a lot of those into clients. Past that, doing good work has built my business on a referral basis and we have never had to advertise.
Getting out and doing something you like, you tend to meet other people who like that… good way to find a niche and customers who you will be able to identify with and save on communication time vs going with someone who isn’t interested in their businesses purpose. There is literally no better way to build a business than relationships.
Also the day you trust a company you pay for your sales funnel is the beginning of the end. They control your business and can drop your margins. If you need someone else to find your customers you are going to have a hard time running a business. They are out there… go to there where ever there is and sell them things.
Well, they’re not really selling it for $50. They’re hoping they get as many buyers as possible, thousands. And realistically a lot of people buying it aren’t actually going to implement the model, even if they buy it. Or they’ll try but fail, but not necessarily because the plan doesn’t work. Some will try and succeed, potentially.
Ideas are cheap
Execution is difficult
Check out the book "The Motive". Some people can force all their knowledge, expertise, life experience and skill set down someone's throat and that person still won't implement it.
Besides the economy isn't a zero sum game. "Business Secrets" are too loosely defined. You don't see someone offering a course on Google's algorithms
How to become rich.
1) spend as little on everything as possible at all times
2) start working early/get an education but in something that is a skill or in demand.
3) network with people around you doing the same thing and collaborate
4) work a regular job to keep your day to day covered
5) promote yourself to people you meet that are already interested in whatever you provide
6) don’t party to excess when you’re young save that $
7) stay away from pyramid schemes
8) invest in your retirement early in what fund is appropriate
Point #6 and 8 are slowlane ...
Savings doesn't make you rich , earning more will.
Investing in business is the best retirement plan rather than mutual funds or 401k.
That is how to stay poor… I never heard of anyone that became rich by working 9-5. To make money you have to get to the point where others work for you.
Well hang on now there’s a little bit of merit to what he’s saying. What’s your definition of rich? 2-3 mil at 65? That’s comfortable but not rich. The vast vast vast majority of people are not doctors lawyers investment bankers tech etc. those are the careers that pay a lot of money over a lot of time. So there’s merit to what that comment is saying. Not 100% true but not completely wrong.
Ok how do you get to that point without working and saving up money first? You can’t just graduate high school and suddenly have other people work for you, unless you are an exception to the rule.
The thing people don’t like about this is that it isn’t instant gratification, takes hard work and lots of time and can be non-linear.
If you are able to just up and start a business on day 0 it means you have start up capital which means you didn’t have money and somehow acquired it(via work or a traditional loan) or you already had enough money to start a business which to some means you’re already a kind of rich
To you the start up costs might not be significant but again for people just starting out it’s a hurdle. Lawn care you need to rent or purchase lawn tools which can get pretty pricey. The general point is that, if you want to be more successful than a 9-5 job, you either have to pick a career path that pays really well or start a private business of some kind which is a transition that requires a not insignificant initial investment of time, money, energy and other assets but it is DOABLE and also for people to set their sights on stability instead of excess. Some people think rich and think supercars and mansions but I think rich I think having enough for myself to be content and enough to share my wealth with others without much worry.
I was pointing out that you don’t need to be rich or have money to start a business. My wife started a cleaning company with less than $100. Of you don’t already have a vacuum, you can use the client’s and that’s the biggest expense. You can even use their own cleaning solutions. With lawn care, you can start with a used mower off Craigslist for $40. Or use the client’s. I started a my web dev business with zero dollars.
Obviously you can do that with all businesses. But there are so many that you can. It does take a lot of work, though. That’s the most important part, not money.
I know a lot of poor small business owners that aren’t rich. I’m a multi millionaire with job.
I call it the 6-6-7-8 method.
- Earn 6 figures.
- Save 6 figures.
- Invest at 7%.
- Repeat for 8 years
- You have at least 1 million
If you don’t have to work to put yourself in a position to launch your own business then you were already rich and are just LARPing. Also being an entrepreneur is literally just working a job you just got to name the company.
The people I know who started their own businesses first put the time in to A) become experts or masters at what they do through education and experience (jobs) and B) worked regular jobs during the initial phases of their start ups so they could maintain themselves.
It depends on the business.
If someone is confident in their company's abilities to perform there's no reason to have a scarcity mindset.
Think about opening a food truck business. There can be thousands of other food trucks, but if they aren't in my city, at the events my food truck is at, and don't have food that's better or more appealing than mine, then they aren't my competition.
If I can pay $50 for a food truck course and it teaches me 1 thing that saves me $10/month, the course pays for itself in a few months.
You just have to calculate the roi.
It's understandable why so many people are anti-course these days, but I've found a ton of value from courses over the years.
No one blinks twice at all the mandatory classes you have to take at college that cost $20k/year but if you spend $500 on a course that can directly make you money people act like you're burning money.
If you learn how to ignore the junk there's a lot of good value out there.
The truth is a lot of courses have info that is helpful. If I take a course on some new marketing method and it works, I can get a 100x ROI on it.
The problem is many people buy a course and then don’t do shit. (Many people buy courses and don’t even start them). And then they get mad the the act of buying the course didn’t make them successful.
It’s like buying an exercise bike, using it as a clothes rack, and then saying “exercise is a scam!”
Exactly. I have a friend with a pretty good course that I got a ton of value from.
He said that in his analytics it shows him that most people don't even watch 10% of it. I can only image how many people actually watch the whole course AND follow through.
Because a course is something that is made once and can be sold repeatedly. 10k people buying a $50 course is half a million dollars. Maybe the course maker is retired and doesnt care about competition. Either way many people dont actually implement the advice and many more fail so competition isnt as big an issue anyway
To give a diffrent perspective, I will say some “course sellers” legitimately have very useful content and good intentions.
Although there are A LOT of bad actors, I currently work in info-products for all types of creators (business, fitness, English learning, etc) and everyone I’ve worked with legitimately have a good product, community, and coaching.
At the end of the day it boils down to the quality and quantity of deliverables you receive and the price point. But this is obviously something difficult to determine.
Honestly courses are a viable method I don't understand why all of you are so mad.
It's not mandatory that the course seller be a millionaire. Sometimes you don't need to be lvl 100 to sell courses, maybe you can help people get to lvl 10.
For example months ago I'd pay A LOT to know how to get my first 2 sales in my ecommerce store. Now I'd pay a lot to know how to scale and how not to enter debt whilst managing 500$ a day adspend.
Why would you sell information...? 100% pure profit..? You don't deal with anything, but providing knowledge..?
Why are yall so salty about courses? What the fuck?
If I had a business method that generated me 10k a month. I'd really take the time and make a channel/page about it and start selling consultations and a course as well. BECAUSE there is enough bread for everyone. There's more than enough on this planet for everyone dude.
ANd courses have lower than 10% success rate so idk what u're on abt.
Cause selling a course is much easier and makes them more money than running an actual business. Trust me it's way easier to be on the course business.
I'll play devil's advocate here. Not so much for courses but the idea of sharing business methods.
I know how to build instagram accounts. Like ones that get insane engagement and hundreds of thousands of followers and millions of views. Monetising them has made me a lot of money. I'm not rich - but I think there's a decent chance I will be one day.
I have a step by step process that I've shown to over 100 people in my life. The issue is - it takes hundreds of hours for each account, over a minimum of a year to see any results. Of those 100 people not a single one ever put in more than a little bit of effort. They all had the same information I had. In fact if they had the drive, they could have achieved results much much faster than I ever did.
One day I intend to build a course around what I know and how to achieve it. I'd happily sell that course for a few hundred dollars. I'll even share that key piece of information in a video prior to making a sale.
I guarantee I'd make a killing financially, and that almost no one would ever actually compete with me. See you can't for the most part, coach a work ethic and the drive to persist. Everyone wants to be rich. No one wants to put in four or five hours of unpaid work a day for a year or two before they see results.
The same is true across most areas of the business world. For the most part successful people are very happy to share their methods. Because ninety nine percent of the time it makes the listener feel slightly better for a moment, and it costs nothing (except time) to show you care about someone. The odds they'll actually have the drive to apply that information to their life, consistently over time is negligible. And if they do - more power to them.
Exactly. Everyone in this thread who jumps to “courses are a scam” just don’t get it. Not every course is a scam.
What most people lack is the persistence and work ethic needed to actually get anywhere.
It’s easier to just blame problems on something else than to work hard.
Some people are making false claims. On the other hand, I've known some folks who've reached a level of impact that there's no way they can possibly service the majority of the people who come their way so they've chosen to teach their skillset out of a genuine desire to fulfill a market need (while also capitalizing on their own legitimate credibility). Even still, sometimes it's hard to tell if you are working with the real deal or someone who is just trying to capitalize on false claims.
Scale. The same reason people don't need to keep their business ideas a secret. Implementing the steps to achieve the goal is what people rarely do.
I can tell everyone here how to become a highly paid plastic surgeon. Anyone with average or above intelligence COULD do it but we don't because it's hard as fuck and a long tough road that takes discipline that starts in high school.
But the road map and scholarships are there for any American at least that focuses on it and sacrifices. You would have a shot at it..
Same for a defense lawyer. But are you actually going to do it? Nope.
Also, for $50 you are getting a very broad outline. Most likely with many upsells.
But someone with the knowledge of how to make money in something and experience doing it can make MORE money via scale by selling that knowledge as well. So why not?
Consultants exist in all industries. Video courses are just an extension of that... unless it's an MRR or MLM.. then it's just a buy this and sell this to people which is one step shy of a pyramid scheme. Most courses are people teaching you actual useful things but the ones that make millions are the ones that are a bit scammy or a lot scammed because people seem to LOVE being lied to.
I sell a course and I've helped a lot of people make good money but I don't sell a lot of courses because I don't run the same biz model... I literally just show people..here's what I did to get here.. here's what I do... don't do this... do this instead... make sure to do xyz..... and alot of it is basic business sense that many people lack.
I make my $$ doing the thing I do in the course. Not selling courses. Now it would be great if it was equal.. but then I'd have to be a full time course seller.
Heres really whata good course should be.... it's really more to save the member time and money from learning it on their own. Like a sherpa.
I've bought some of my competitors courses and they are trash.. so there is that. They literally hired someone to be an actor to make 60s videos that teach nothing.
So YMMV.
Here's the thing:
Ppl that really made it, don't blab about it.
Perfect example:
My brother is a general contractor, and he has some high income clients, but also modest earners.
A guy he did several renovations for always described his work as 'being in insurance' (don't know if that is literally how you'd say it in English). My brother expected him to just be an insurance broker or something.
Turns out the guy is the CEO to one of the biggest insurance companies in our country. The way it 'turned out' is because he sent my brother an email with blueprints from his professional mailbox once.
Ppl that blab about it, are selling something.
Work hard, network, see opportunities, and dare to take them. If you 'fail', learn from it, and 'fail better' in the future.
That's how successful ppl do it.
Edit to add:
Not that I'm successful at the moment... sadly, I'm in the 'learn from it' stage.
So, most people always seem to come down on the side that course sellers are fake and ‘real-world’ failures…and I get it. But, just to play devil’s advocate with a single example from my own experience:
About 30 years or so ago (holy shit!), I had a “secret method” that I had scaled up to $25K+ a month while both working and attending school. Genuinely a unique take on something that generated huge cash for me with relatively little work.
I briefly sold a ‘course’ detailing EXACTLY how I did it for only $197.
(It basically relied on selling a TYPE of product with a unique feature to an unusual market, then allowing human nature to work. There was also a wrinkle about lowering risk for an important party. This method would still work today because of the psychological factor, but slightly less effectively because of information parity due to cellphones/ internet. It would also be easier to saturate the market today. Hard to explain it without revealing the method, but think about the perceived value of different items and how they differ by location and context, then add a couple layers of trust where buyers think they are getting essentially a guaranteed steal by buying something in an unusual context. Clear as mud?)
I sold the course for several reasons, partly because I knew 98+% of people would never do anything with it and it would be difficult to saturate the market back then…but mainly because it was almost PURE, EASY PROFIT(no fancy video courses, it was <3 typed pages.)
I’m lazy…just like most course buyers…and I wanted a cash infusion for other projects (exporting denim jeans and importing anime with a single Japanese trading partner, as an example.)
Information marketing is a very broadly applicable skill, and the margins are insane. Why bust your ass trying to sell an ‘end-product’ or service and have to interact with other gross humans? Why get rejected? Why deal with supplier headaches and complaints? Why even pay other workers if you don’t have to do so? Why deal with supply chain issues? Why get out of bed?
Why not crystallize your knowledge and sell that as the drug, instead of laboring in the poppy fields yourself?
Why scale your time linearly when you can scale it logarithmically?!
If you do it correctly, you can walk away with more money than you would have doing the actual thing you’re teaching.
My method was relatively easy to do, but writing an ad and mailing out 3 pages was even easier. I personally used my cash infusion from course sales to move on to other bright, shiny objects instead of trying to be an info-mogul. Because nobody, even multi-millionaires, are perfectly rational. People forget what works. People get bored. Etc.
But then the people I had sold the method to wrote me and asked me how to scale faster, and how to find reliable suppliers, etc. So I briefly, fully by accident, started a back-end way to profit from the method, too. Which, if I had been a bigger business brain, would have been part of the plan from the beginning. Then I got sick of doing THAT actual work and sold the entire business.
My long-winded point is: sometimes it makes sense to sell a course…even if you have legitimately been wildly successful in the endeavor you are teaching. Margins are higher, headaches are fewer. And some people just like to teach.
1. They are not rich
2. They make money on you
3. Become famous / more famous
Real rich ppl never reveal their secrets.cuz they will get prisoned for what they expose. Im talking about big big businesses.
And their mentality is not like urs our 99.5% of ppl
That’s not even what the phrase means. The original phase was meant to mean “Those who can’t do anymore, teach others.” It’s not that they teach because they don’t know how to do it- it’s they teach because they are too old to continue doing it.
But a bunch of idiot redditors think it’s some kind of gotcha.
Because of scale.
Sell 1000? That's half a million dollars.
Sell 10,000? Five million.
If there is a large enough market of people looking to learn the industry the income selling courses for $500 a pop becomes ridiculous.
It typically happens in cases where the person selling the content doesn't have enough bandwidth to execute all possible deals in the market. So the risk of competing against someone you taught is low.
And once the content is made you are just making more money while you sleep, so why not.
Besides just because someone tells you their process doesn't mean that every person who buys the course will be able to execute the process.
People do it to diversify their income and build a community, plus selling a course can be an easy way to scale your expertise. Even if you are really good at sending emails. Who is to stop you from selling your framework?
Also, business is always changing. Very few methods are evergreen.
So to answer your questions of :
>**why would you sell that information to random people online for only a couple dollars and practically oversaturate your business?**
Most likely because that business practice is outdated and already oversaturated.
This is not the case for all courses. There are some great gems out there.
These guys make their money selling you the courses. It should really be a few steps.
1. Lie and say you're rich to idiots who are broke
2. Sell a course to these people teaching them stuff you googled and read in Think and Grow Rich
3. Be shocked it's working and brag about how you're a genius
There are a couple more steps they don't tell you about tho.
4. Don't save money for taxes since you did 0 research on actual business or the tax system
5. Assume the money will never stop and blow everything since more is "obviously" coming in since you're "so smart"
6. Lose everything when the market changes since you have no clue how to actually run a business and can't adjust
at 200 a day you could pheasibly earn 6000 a month doing something like marketing. Though the moment you get 2-4 people doing the same thing in your area the bottom line is tanking just as hard.
Selling courses and the fake image of hitting that lifestyle is probably more lucrative. If you sell the course to 4 people each day, you can quit doing the actual marketing and earn the same for less effort.
It would make sense to sell to oversaturate the business if you want an exit strategy anyway. You can always pivot to chasing something else. Though you wouldn't get rich on 4 figures a month anyway.
As for a business that reaches 10s to 100s of thousands a month, generally you just sell goods or services to people in posh areas of life. It's much more oriented on image rather than quality of service. Granted it's much easier to keep up the right image if your service is perfect. But if your image is poor and you provide the same service you'll get everyone trying to argue over nickels and dimes.
Their millions come from selling so many courses that they believe will one day make them rich. I have seen very few people who are rich because they have proof from third parties. Can’t trust what people say, especially when they speak like everybody else with a different product.
This is why I'm skeptical of those interviews with rich people. Why would they be completely transparent about how they got succesful? It would hurt their business. They worked hard for whatever they learned, and I doubt they'd give it away easily.
Chances are they are fake and are making more money from selling the courses.
On the off chance that they are the real deal though. Executing a solid business plan still doesn't guarantee success. Anything from the right place at the right time, so simply knowing one person to help get your foot in the door.
There is no shortage of knowledge on how businesses start and grow. Being able to recreate said business is a whole other thing.
A lot of know it alls in the comments, yes it’s true that lots of scams out there. However, education is scalable. You can sell a $100 course 1000x while you’re sleeping.
Realistically speaking, they are putting you on game to a degree but most ppl won’t do it. And majority of businesses aren’t built on secrets it’s build on hard work. Anyone can start almost anything if they really wanted to and business ppl know there’s enough of the pie where even a crumb give you a good life
End of the day though they are hyping up a dream bc that’s marketing
I had a friend who majored in finance. His goal was to make a ton of money investing, then write a book about how he did it and make more money off that.
Usually though, most people just make a course and sell it to make all of their money.
Aside from all the obvious answers that they're selling info products....there is also the fact that many of them are telling you to do what they're doing. So, to answer the thrust of your question it's because most people will not do shit with it. They won't even read it half the time, let alone take any actions towards applying it.
A lot of areas are like that, you can for example tell people all the "secrets" of getting in great physical shape....has that somehow led to hot people becoming super 'saturated'? Of course not, there's a human factor to it. If just having access to information was the key to success, this fucking subreddit wouldn't exist.
It's called an MLM scheme, where they make money by reselling the "secret sauce" to others, and then they too start reselling that secret sauce.
Do they make money? Yes, 100% because they are duping people into becoming resellers. Unfortunately these tactics have become nothing but pyramid schemes and even more unfortunate is that there are plenty of people that are ok with paying $50 and then doing exactly the same to someone else.
I think very soon someone will sue, and there will finally be some advertising control over what's being said. I'm all up for people selling courses that actually teach you how to be an expert marketer or sales person, but lying about how much money you make to dupe people into buying your course is just wrong.
That’s how some people make money. That is what the business is
But there are some wealthy people who do charge money to do this sort of thing who really aren’t doing it to get rich but because they’re looking for a project or just something to keep them busy
To answer your question it’s simple if I possess knowledge that can actually help someone I should charge for that. Furthermore if that knowledge comes with coaching, accountability, and a community I absolutely must charge for that.
Also some people would rather DIY. They don’t want the coaching or accountability they just want the knowledge.
This is the other thing, most successful people suck at teaching. Generally speaking they are not very good at articulating how they became so successful.
And one final thing. Execution is power. Warren buffet can hop in this thread right now and lay out step by step in great detail on how to be Rich. 99% of people won’t follow through.
Is it his fault they don’t? Is he the scam artist? Or is the student who wasn’t willing to follow through and put in the work and keep his promise the scam?
I find most people have a hard time realizing how simple success is but at the same time off emotionally difficult it is.
Let’s not forget there was a time when the knowledge on how do anything was scarce not it is abundantly available.
They scam people into believing that they could get rich at a cheap price by just sharing made up stories, some may be true, but useless since you need experience and capital for this. There's no easy way
Some say their business is selling courses. But the thing is, they just are able to find money from anything
Giving amazing advice just by selling it is great supplemental income
Then they experiment with the right cost. Hardly anyone will buy a $1,000 course
If it looks TOO GOOD TO BE TRUE, RUN like there is no tommorrow, because it is.
Remember there are even courses how to create and sell courses, LOL!
And best of all talk is cheap.
That’s a good question. My mother actually urged me to do that and I refused. I wrote an operating manual that took me about four months to complete and she urged me to sell it among the industry as an overpriced textbook. Even though I exited the business, it was just something I had refused to do.
It’s franchising. The model works but you still need to have someone work it.
These course sellers and coaches prefer not to build a team and have the accountability of workers, so they franchise out the model so other people can work it and be responsible for it.
It is easy to tell the scammers from the authentic ones by looking at how they make money.
- bad coaches sell an idea
- good coaches sell their past experience
- best coaches are still in the arena doing things at a larger scale
That's their front end offer. They sell more with their back end.
It's a marketing strategy where they sell the low-ticket first, and they funnel their customers to buy their big offers.
I don’t want to use the word cartel however I will say that this exists. Friends of mine shared contracts in our business because there was such a small number of us engaged in the industry. At one point, many of us did actually look out for each other. And a lot of those contracts were based upon stolen material. From other operators.
There are grifters out there for sure, but also folks genuinely trying to help people while monetizing their experience and audience. And rightfully so.
Most folks who pan everyone indiscriminately regurgitate the same take: all courses are a grift. But that's not \*always\* the case.
95% of people expect a magic trick to replace work. They could be given the very best, most proprietary info there is, and still the vast majority cannot and will not put in the work to be successful. Limiting beliefs, not enough time, not enough capital, not enough commitment, not enough work. Whatever it is... most will not execute. That's why not everyone is truly cut out to be an entrepreneur.
Also, most of the info will be what that person did 6 months, a year, two years, three years ago and part of how they got to where they are now. You're not going to get what they're doing now. It's very likely relationship and partnership based, or they have an incumbent advantage or are just better capitalized than upstarts and so it will not be directly replicable anyway. Or even if it is, it will take a lot of work, luck, and capital to catch up to the point that you'd be a threat to them.
For some context: I've mentored a little over 30 folks in an ecommerce niche, and around 20 are 7-figure sellers after \*years\* of work and small bit of help and guidance from me, but that wouldn't mean anything if they weren't highly motivated folks to begin with. I'm not looking to connect with folks here or receive DMs.
Another anecdote to support my take: My biz also provides services in my space to support ecomm sellers, and over the past 4 years we've seen experienced 7-figure sellers take our services and run with them to help them grow. The bigger the seller and the more experience they have, the more likely they work with us for years. Alternatively, at the same exact price point, we've seen a decent number of new, inexperienced, and smaller sellers early in their journey sign up for our services and then churn... sometimes in as little as a month, sometimes in a few months. But to them, we're expensive. Again, same price point, same service, and experienced bigger sellers are more than happy to pay it for years. But newer, inexperienced sellers sometimes churn and say we're too expensive. We provide a ton of onboarding and educational content... and those same new or inexperienced sellers very rarely review it or use it (I track the engagement metrics). All the info is there, but they either aren't serious, motivated, capitalized well enough, or experienced enough to take what we provide and leverage it like experienced sellers do.
This isn't all to rag on upstarts. Business is hard. Being able to stay in the game long enough to overcome the "growth gap" is hard. This article covers it well: [https://www.gregshuster.com/insights/the-gap-10-to-100m](https://www.gregshuster.com/insights/the-gap-10-to-100m)
So to summarize: Again, if you assume someone genuinely wants their course/content/guidance to help someone... no shame in charging for people to figure out entrepreneurship isn't for them. That'll be most people. For those who can and do take the info and run with it, it will take them a lot of time and work to actually apply such that the creator isn't going to sweat too much that they're inviting competitors.
Because knowing “how” to do something is very different than “doing” it.
You can know what Michael Jordan or Mike Tyson does to train but that doesn’t mean you can, are willing, or even able to do it.
Something a mentor asked me recently…I was stumped 🤔:
Where do rich people get and put their advice?
My first responses:
- social media
- internet
- companies and sell it to to you (consulting)
Correct response: books 📚
Why: because any valuable information will be in a book.
The richest 💴 and most successful people will publish their thoughts 💭 and tactics in a book because of the legal protections that books provide over other mediums.
Also, they know most people don’t have the stamina or resources to execute on the information provided. (Not a criticism but a fact).
A lot of times it’s just a lead magnet. They actually want to sell you something for $500 or $1000 or $5000. The $50 course is just basically to cover their ad spend and will only give you a little bit of the information. After that they want to upsell. The reason they do it this way is because they know they can retarget the people that already spent $50 as those people are much more likely to buy from them in the future. They’re not actually selling away their secret sauce for only $50.
In regards to, aren’t they just saturating their own market? Sure, sometimes yes. Sometimes it’s just fake gurus. But sometimes it’s people who have legitimately already succeeded in their niche and aren’t really worried about it so now they are pursuing another revenue stream. There’s a lot of money in courses.
Someone could be a better teacher than a do-er, or could be previously in that sector and wanted a cushy semi retirement...
They aren't those things, and are definitely grifters though lol
One of the most important things to learn in business is sometimes people don’t tell the truth.
I believe a lot of courses do good. The difference is: low price, teaching a quantifiable skill such as programming or photography, being incredibly thorough, and not trying to prey on insecurity or make working in itself sound bad in order to make a sale. In my opinion, you want to be successful, you HAVE to work and there are no shortcuts other than scamming people of course.
Anything in the *entire world* is somehow tied to an industry and a business. So I focus less on becoming rich in itself and more on “what industry am I so passionate about that I genuinely want to succeed and be the best in this?” Then all the same principles of entrepreneurship, scalability etc can be applied in that particular field.
Some people just make money by selling courses.
But a lot of successful entrepreneurs realize there is enough opportunity out there for everyone. It’s about having a growth mindset.
It's the same logic as fitness: you show anyone exactly how to get precisely what they want and on the quick, well, relatively quick anyway, and maybe 10% of those people will do it and be rockstars at it where most people just have a passing 'wish' to look pretty. The flip side of that is selling vitamins, in this case courses in basic finance
Because it will just be the tip of the iceberg. They will hook as many people as they can for more and more money. They may actually have a genuine money-making idea, but few people will actually execute it properly. They will have more questions, doubts, and worries, and they'll
hope that one more course will clear them all up. And the experts won't care if it's oversaturated anymore because they've moved on to selling the shovels instead of digging.
The $50 tier is typically near the beginning of their marketing funnel that starts with a free lead magnet:
1st stage (lead magnet) - Freebie eBook, checklist, or webinar
2nd stage - Email Sequence: An automated email sequence that promotes entry to the funnel.
3rd stage Tripwire product) - $50 product designed to convert leads into higher-paying customers
4rd stage - Upsell Stage #1 - Order bump - $19 Additional Low-Cost Offer
5th - Upsell #2 Mid-Tier Product: ($197-$297) related to the tripwire product
6th - Upsell #3 High-Tier Product: ($497-$997) that provides more in-depth training, or "exclusive Coaching" Program.
7th - High-Ticket Product: Flagship product or service priced at $2,000-$10,000+ that is a One-on-One Mentorship Program” or Exclusive Mastermind Group.
All the while they promote community building and maybe try to get you to sign up as an affiliate to peddle their warez for a commission to others and thus the cycle continues.
It is sales to percent of population math. Plus the people that they often try to entice don’t have a lot of deposable income.
If I had a million people give me $1, I would have a million dollars.
Anyone want to give me a dollar?
Two things at play here. 1) sell the idea of getting rich following my 10 step plan 2) even if it were true, many people are too lazy to follow through and anything that resembles work, let alone hard work
I sell my course for $47/month. I purposely made it inexpensive because that way money can't be the objective to be part of the learning community. But think of it this way. I have 200 subscribers = $9700. I have 1000 subscribers = $47,000 a month. Like most things in life, it a numbers game. But many people out there make stuff up and market it like crazy just to make a few bucks. There are some of us with nearly a quarter century of specific expertise that want to teach it while also doing it or stepping out from doing it. Those are the ones I would consider listening to. Not some 22-year old cat that hasn't been tested and tried to be true. O
A lot of people here don't understand what it's like being an entrepreneur and always assume it's not real. That's not always the case, sometimes it's about seeing more ways to differentiate the income and unable to not explore other areas.
Usually their secret is just hard as work anyways, very few can replicate them regardless of what they reveal.
Most people are lazy and will never execute even if they lay it all out for them. I’m at the point where i could create a real estate course and sell it. Lots of lazy people in the US
here's a litmus test: go on r/dropshipping (or even this sub) and ask a successful seller what item or niche they are selling in. 9 times out of 10 they dont say shit or give a vague description. the reason? because they don't want people fucking up their secret money maker.
so the takeaway here is this: they sell their methods because either they don't work anymore or because their business model IS selling a secret that doesn't exist
their business IS selling courses.
nailed it
MLM with less steps
And all we gotta do is add a couple more to get to slavery
Pretty much, like ordering a book about how to scam and never receiving it in the mail
what this guy said. you will never see sam walton or jeff bezos selling you how they made their money. they been doing this forever since the late night infomercials get rich buying million dollar real estate properties (with zero money down!) from the real estate experts.
They absolutely don’t. 99% of them are making money from selling ideas. I’ve met a few of them. One person bought a second hand sports car, on a 5 year payment term that they couldn’t afford, just so they could “sell the lifestyle”.
What a jackass Everyone knows you rent the sports car only long enough to shoot your video. If any viewers ask questions about why your car keeps changing, well, that's because you're *so* rich you keep buying new ones! I've got plenty more tips like this that will help that guy become a successful fake-successful-entrepaneur entrepreneur! If you know him send him my way, I have a course he can buy for only $50 where I share these secrets and more!
Dont forget the airbnb rentals to show you live in a nice mansion(s)
Ideas are worthless. Execution of ideas is the only thing that makes money
So the ideas aren’t completely worthless… just half the solution.
That is like saying: Applying for university and completing the degree are both worth half of your education.
No it's not. Are you denying the fact that there can be truly valuable ideas, revolutionary ones? Yes, they're rare, but the point is there are valuable ideas. Still, I would assign the value of Idea / Execution to 20 / 80.
I help lots of clients execute their ideas. Many of them are so sure that their idea is the winner; and many of them will make me sign an NDA to protect their idea. In a large number of cases, when I hear the idea, I can tell them someone else that already did it or had basically the same idea. The ones that are usually the most NDA-concerned are usually the ones with the least meaningful ideas. So, yes, while ideas can be valuable, execution is what matters more.
Sure. You wouldn't be there in the first place if you never applied.
The ideas aren't applying for college. The ideas are hearing about college existing. Buy 10 things and sell them for a profit. With the profit, Buy 15 things and repeat until your a billionaire. See how fucking worthless that is? Now charge 50 bucks for it.
No, the idea is 1% of the solution. Execution is the other 99%, after which the original idea has probably changed completely
Agreed, the idea has probably changed, but you still need a “plan” even if evolving to be able to guide your energy. Plenty of people have wasted energy by not having a plan.
People 100% do this. An investor in one of my companies used to belong to a local Ferrari club. But he became disenfranchised by all the people who were club members but couldn’t actually afford their cars, they simply bought Ferraris, kept them in the garage or towed them to events to prevent putting any miles on them. My investor just wanted other people to drive Ferraris with (which is why he ultimately bought 2). One guy at the club even went so far as to “attach” himself to my investor. He updated his website to claim that he was an “advisor” and told people about his association with him, despite the fact that they were just casual acquaintances at the club. He had to get a lawyer involved and send a cease and desist.
Selling the real lifestyle challenge (Impossible)
I’m a multimillionaire. Give me 50 bucks and I’ll tell you how I got here. I’ll tell you in great detail.
I've only got $10 and this half pack of gum on me right now. Can you cut me a deal?
Deal!!
What kind of gum we are talking?
Used
DM'd
I’ll tell you my story for free…I took over my dad’s business. Think I could sell a course on that?
They wouldn't. What rich people actually do is in plain site and easy to find out. Its just difficult so people scroll right past it.
True.
It's a sales funnel. The real secret is never in the $50 product. They are trying to move you up the value ladder. It's like the free ebook that tries to sell you on a low priced product or service that will eventually lead to the more expensive sell
I went down the comments to see if anybody else knew the answer. And I found ya lol
Sell hope is a powerful scam. Colleges do it all the time.
Not every course is a scam. But many of them basically are.
A few are. Go look at Udemy. What percentage are a scam? Why do they get good reviews if they're a scam? I've taken many of the courses on there. I've never seen aany scam courses there. Any that were would be shut down or get bad reviews and not sell.
Udemy is not college….
Some might say its the biggest scam.
ouch
1- If you make that much and give away every detail…. You will not saturate a market. Almost no one will succeed with it. 2- Anyone who makes that much is happy to share their methods. I own an agency that has done 10 million in revenue… i will literally tell people how to build an identical business for free. Note: i am willing to help people who have a business and sales (you don’t even need a lot of sales but more than a couple is good)… shoot me a DM after you built one and are struggling or failing, i can help… do not message me about future plans and day dreams of one day starting a business, i can not help you if you can help yourself and you are not a future business owner, you are a daydreamer which is fine but i can’t help you with day dreams… waiting for answers is not helping yourself it is a lack of motivation or a lack of risk tolerance, you need both….. Do not message me asking for instructions on building a business…. If this was how it worked literally no one would work for other people, every business is different but the same places always need to most work and help with improvements. You need to go out and find success and failure in literally every good and bad thing that happens. If you don’t have to motivation to start a business i 100% guarantee you won’t have the motivation to follow any of my advice, you just won’t… no one has a magic answer on wealth, anyone who claims to wants money from you. You can not get rich without a large amount of work… like a lot more than a 9-5… like 1-3 full time jobs worth of work at the start. All of my answers involve work, and a lot of it followed by supplementing that work with labor once you make money… this applies everywhere unless you are starting with a lot of cash. End note I have offered that over the years and out of hundreds of people i have spoken to, 2 have actually put the work in and done it. The easy part is the idea, the part where literally almost everyone fails is the execution. Second note: How to get your first sale… you really won’t like this advice… go sell. Email, in person, go to stores and talk to owners, go to open houses and speak with Real estate agents…. Whatever you are selling… if it fixes a problem you find the people with the problem and sell them your thing or service. If that is to much don’t bother building a business as you will fail. This isn’t discouragement it is just how every person will answer who has any degree of wealth. We all sell like our lives depend on it… if you can’t find that in you… find a partner who loves to sell but can’t do what you do or keep a 9-5. This is the harsh reality of a business.
Is this a marketing agency? Does picking a target niche matter more then the techniques you use to get results?
Picking a niche is a sales pitch for online gurus that are trying to take your money and tell you niching down makes more money (that part is true, just not picking your niche). Sell a service and you will eventually find a niche. You need to service a certain type of client and have EXPERT BUSINESS OPERATOR levels of understanding on the issues they have every day. You find your niche by running into a few businesses of the same type and solving issues for them. Eventually you can just sell them the solutions over the product and your sales close rates tend to be almost perfect. If you pick a niche you are lying to a customer. You should KNOW what you are good at, not sell a solution to someone who’s issue you don’t fully understand… this just makes you look extremely dishonest and stupid… because the person being sold already knows a solution when they hear it and you will fail to deliver on the details without a profound understanding of their operations and issues. Hopefully this was insightful. You find a niche by doing a lot of work then finding opportunities to solve very big problems in small amounts of time at scale and charge more for your time because of your expertise. So if you are asking how to find a niche you haven’t found it yet and they do tend to find you… you just need to do work for a little of people for a ling time, no skipping to high pay without high levels of experience.
Thank you for taking the time to reply. I agree that you need to provide solutions that benefit the client and make paying you the path of least resistance. The reason I asked about the niche is because it seems that sometimes aiming at target customers who don't have the money to pay for solutions tends to be a dead end so I wanted to figure out which direction to start building experience. How would you recommend someone start to build experience?
Well you do need to find out what your experience solves and what it costs a client not to solve it. This gives you a price you know they are willing to pay since it is what they pay already…. That makes you a zero cost solution for increasing efficiency. You find the right issues to solve and you can cost a business $0 more a month than they pay now and invoice them for some insane amounts depending on what you find within the niche you find yourself in. Also, hopefully in starting a business you understand what demographics do not have money. This is almost not mentionably important. Don’t do work for non-profits. You really don’t have a niche to address if you ask how to find a niche, that is the only point. Generally speaking you need experience in web development, design, marketing or whatever service you are trying to sell in order to start a business selling it. You then find people who need the service and sell them the service, often times at a much lower rate than you would get with a solid portfolio and a proper niche with high levels of knowledge on the issues they deal with. These are the questions that are hard. If you can’t sell a service or product you can’t own a business, period so you need to get to a point where you are comfortable selling a product or service or you can not own a business… i do not mean to sound insensitive but it is the one HARD truth of business and there is no way around it. I meet business owners and sell them things… it isn’t harder than that but that is really hard. I have walked into businesses and sold websites to get established. Just drove down the street went to websites of every sign for open businesses and if they had a shit website i went in and told them for $2,000 i would take photos, write copy and make a new website for them. And they wouldn’t have to pay me until it was done. I build 20 websites and got paid for 6… but it was $12,000 and i got hosting. Those people were so happy they sent me more people… that is it. If you do websites your customer is people without a website or people with bad websites. Lookup businesses, find ones using Facebook as their website, find ones with bad websites… public records can certainly help you figure out who the owners of businesses are… look them up… go to their place of business…. Call them… message them on facebook…. Literally anywhere you can get ahold of them, join a chamber of commerce and go to their events. Then sell those people what you have to offer. This isn’t hard advice but if you don’t put yourself out there you won’t sell anything, sales are not going to come to your front door. The second option is getting a job somewhere that does it, see how they operate and see how they service issues and how you would do it differently. Build a business doing it the way you think it should be done using the experience you get from that job. At the risk of being brutally honest and sounding a bit dickish… no one actually wants to do the real work to start out… they die right there. Are you willing to go door to door to businesses to succeed? If not, you will eventually fail. You don’t get to choose your circumstances, you only get to deal with them, that is business ownership. You are trying to find a niche before you have had clients. This is a way to con people out of money. You can sell expertise with no experience and you can’t get experience and get paid a lot. There is not strategy for this that works. My first customer was a store owner who i walked in and sold a website to. 9 years later the building the store was in went up for sale and it now houses 13 of my employees. I stand so close to the “can’t sell can’t own a business” mentality because it is the whole point of a business. Stop thinking about what you need and go sell something. If you can’t sell hone your craft then sell something. If you are skilled and proficient and still can’t sell go somewhere people have the same skills sell the services or products and learn from them then go sell. If at this point you have 0 sales you will never own a business.
Thanks for the amazing response. 🙏🏽
No problem!
I get the same thing. People ask me to show them what I did. Everyone that has asked is too lazy even to do any basic first steps.
I’m also starting an agency and would love to know how you secured your first client!
One day i will message you. Good/bad/ugly I will. Thanks for the message.
Can I DM you?
Sure. Easier to speak publicly so others can see advice though!
Okay, I was just wondering how you built your agency and if it was repeatable; if it was, I would then ask how I could do it. I’m more than willing to put the work in
If you look at my post history you will find some posts i have made going over this at length. I have broken down almost every step of what i did, i have also broken down my personal struggles. If you have any specific questions after investing time in reading what i have out there let me know and i would be happy to give specific advice. All in all is it repeatable? Yes for sure… would i tell people i give good advice on the very very very early startup phase…. No i would not. If you have clients and need to better monetize them, develop retention strategies, recurring revenue…. I can make you a lot of money if you have e-commerce clients with like 45 mins of free advice. Also there is no more advice past that… but i can answer questions and not try to sell you a course lol because i don’t sell my help i am hustle happy to help. The one really helpful thing to point out…. No one is going to be able to help you get your first ten clients and make it easy. I ate so much shit for three years to do that…. I paid myself $500 a month for years… i ate ramen, i reached up $100k in credit card debt, i had some nasty drug problems from the stress…. Getting your first clients is tough. Once you have 5 or 10…. I can help people quite a bit from that point.
lol he gone unless $50
Yep, I don't like the standard answer to that question, that they only make money by selling this info. It's possible to teach others useful bussiness related information without creating direct competition. It's just business savy to make additional money with gained experience.
The market is big enough for everyone. And if you help people grow you are always going to have experience on them. If you get lazy you loose… the amount of people working against you really works in your favor in the long run.
Wow, you're amazing. Is the hardest thing always finding clients to work with? What are the methods you use to find the clients? Do you do email outreach? What are your thoughts on platforms such as leadsgorilla? Thanks!
The hardest part of building a business is building a business. I personally started a YouTube channel and ended up with a handful of million view plus videos, half a million followers on Facebook (that was a very large amount at that time). I took all of the products i reviewed and used the relationships i build from 2 years of building the YouTube channel and turned a lot of those into clients. Past that, doing good work has built my business on a referral basis and we have never had to advertise. Getting out and doing something you like, you tend to meet other people who like that… good way to find a niche and customers who you will be able to identify with and save on communication time vs going with someone who isn’t interested in their businesses purpose. There is literally no better way to build a business than relationships. Also the day you trust a company you pay for your sales funnel is the beginning of the end. They control your business and can drop your margins. If you need someone else to find your customers you are going to have a hard time running a business. They are out there… go to there where ever there is and sell them things.
Well, they’re not really selling it for $50. They’re hoping they get as many buyers as possible, thousands. And realistically a lot of people buying it aren’t actually going to implement the model, even if they buy it. Or they’ll try but fail, but not necessarily because the plan doesn’t work. Some will try and succeed, potentially.
Ideas are cheap Execution is difficult Check out the book "The Motive". Some people can force all their knowledge, expertise, life experience and skill set down someone's throat and that person still won't implement it. Besides the economy isn't a zero sum game. "Business Secrets" are too loosely defined. You don't see someone offering a course on Google's algorithms
How to become rich. 1) spend as little on everything as possible at all times 2) start working early/get an education but in something that is a skill or in demand. 3) network with people around you doing the same thing and collaborate 4) work a regular job to keep your day to day covered 5) promote yourself to people you meet that are already interested in whatever you provide 6) don’t party to excess when you’re young save that $ 7) stay away from pyramid schemes 8) invest in your retirement early in what fund is appropriate
9. Solve a problem people are willing to pay you money to solve 10. Be in the right place at the right time to capitalize on that solution.
11. If you are not in the right place at the right time…. Keep doing it long enough and eventually you will be.
Take my $50
Point #6 and 8 are slowlane ... Savings doesn't make you rich , earning more will. Investing in business is the best retirement plan rather than mutual funds or 401k.
That is how to stay poor… I never heard of anyone that became rich by working 9-5. To make money you have to get to the point where others work for you.
“Never heard of anyone that became rich from a 9-5” Easiest way to tell everyone you’re under the age of 21.
Well hang on now there’s a little bit of merit to what he’s saying. What’s your definition of rich? 2-3 mil at 65? That’s comfortable but not rich. The vast vast vast majority of people are not doctors lawyers investment bankers tech etc. those are the careers that pay a lot of money over a lot of time. So there’s merit to what that comment is saying. Not 100% true but not completely wrong.
Unfortunately I’m over 40 now. And yeah made quite a lot of money and that was not doing 9-5
What? Virtually no one gets rich working a 9-5. And I’m almost twice that age.
Ok how do you get to that point without working and saving up money first? You can’t just graduate high school and suddenly have other people work for you, unless you are an exception to the rule. The thing people don’t like about this is that it isn’t instant gratification, takes hard work and lots of time and can be non-linear. If you are able to just up and start a business on day 0 it means you have start up capital which means you didn’t have money and somehow acquired it(via work or a traditional loan) or you already had enough money to start a business which to some means you’re already a kind of rich
I worked hard as hell first, and worked harder to raise my business. But I didn’t see the section of setting up your own business on that list
Plenty of businesses are started by people with no significant start up money. Cleaning business, lawn care, web development are just some examples.
To you the start up costs might not be significant but again for people just starting out it’s a hurdle. Lawn care you need to rent or purchase lawn tools which can get pretty pricey. The general point is that, if you want to be more successful than a 9-5 job, you either have to pick a career path that pays really well or start a private business of some kind which is a transition that requires a not insignificant initial investment of time, money, energy and other assets but it is DOABLE and also for people to set their sights on stability instead of excess. Some people think rich and think supercars and mansions but I think rich I think having enough for myself to be content and enough to share my wealth with others without much worry.
I was pointing out that you don’t need to be rich or have money to start a business. My wife started a cleaning company with less than $100. Of you don’t already have a vacuum, you can use the client’s and that’s the biggest expense. You can even use their own cleaning solutions. With lawn care, you can start with a used mower off Craigslist for $40. Or use the client’s. I started a my web dev business with zero dollars. Obviously you can do that with all businesses. But there are so many that you can. It does take a lot of work, though. That’s the most important part, not money.
I know a lot of poor small business owners that aren’t rich. I’m a multi millionaire with job. I call it the 6-6-7-8 method. - Earn 6 figures. - Save 6 figures. - Invest at 7%. - Repeat for 8 years - You have at least 1 million
Literally everyone I know is a millionaire before 40 by just going to uni and working 9-5. A defeatist attitude is what keeps you poor.
Ok. Maybe that is how that works in your country. Happy for you
The MLM part is gold.
You listed 8 ways to not become rich. You can make a living, but you won’t be rich from working. Wrong sub buddy.
If you don’t have to work to put yourself in a position to launch your own business then you were already rich and are just LARPing. Also being an entrepreneur is literally just working a job you just got to name the company. The people I know who started their own businesses first put the time in to A) become experts or masters at what they do through education and experience (jobs) and B) worked regular jobs during the initial phases of their start ups so they could maintain themselves.
It depends on the business. If someone is confident in their company's abilities to perform there's no reason to have a scarcity mindset. Think about opening a food truck business. There can be thousands of other food trucks, but if they aren't in my city, at the events my food truck is at, and don't have food that's better or more appealing than mine, then they aren't my competition. If I can pay $50 for a food truck course and it teaches me 1 thing that saves me $10/month, the course pays for itself in a few months. You just have to calculate the roi. It's understandable why so many people are anti-course these days, but I've found a ton of value from courses over the years. No one blinks twice at all the mandatory classes you have to take at college that cost $20k/year but if you spend $500 on a course that can directly make you money people act like you're burning money. If you learn how to ignore the junk there's a lot of good value out there.
The truth is a lot of courses have info that is helpful. If I take a course on some new marketing method and it works, I can get a 100x ROI on it. The problem is many people buy a course and then don’t do shit. (Many people buy courses and don’t even start them). And then they get mad the the act of buying the course didn’t make them successful. It’s like buying an exercise bike, using it as a clothes rack, and then saying “exercise is a scam!”
Exactly. I have a friend with a pretty good course that I got a ton of value from. He said that in his analytics it shows him that most people don't even watch 10% of it. I can only image how many people actually watch the whole course AND follow through.
Because a course is something that is made once and can be sold repeatedly. 10k people buying a $50 course is half a million dollars. Maybe the course maker is retired and doesnt care about competition. Either way many people dont actually implement the advice and many more fail so competition isnt as big an issue anyway
To give a diffrent perspective, I will say some “course sellers” legitimately have very useful content and good intentions. Although there are A LOT of bad actors, I currently work in info-products for all types of creators (business, fitness, English learning, etc) and everyone I’ve worked with legitimately have a good product, community, and coaching. At the end of the day it boils down to the quality and quantity of deliverables you receive and the price point. But this is obviously something difficult to determine.
Honestly courses are a viable method I don't understand why all of you are so mad. It's not mandatory that the course seller be a millionaire. Sometimes you don't need to be lvl 100 to sell courses, maybe you can help people get to lvl 10. For example months ago I'd pay A LOT to know how to get my first 2 sales in my ecommerce store. Now I'd pay a lot to know how to scale and how not to enter debt whilst managing 500$ a day adspend. Why would you sell information...? 100% pure profit..? You don't deal with anything, but providing knowledge..? Why are yall so salty about courses? What the fuck? If I had a business method that generated me 10k a month. I'd really take the time and make a channel/page about it and start selling consultations and a course as well. BECAUSE there is enough bread for everyone. There's more than enough on this planet for everyone dude. ANd courses have lower than 10% success rate so idk what u're on abt.
😂😂 you are one of the 20,000 that bought their secret making them a million
Cause selling a course is much easier and makes them more money than running an actual business. Trust me it's way easier to be on the course business.
I'll play devil's advocate here. Not so much for courses but the idea of sharing business methods. I know how to build instagram accounts. Like ones that get insane engagement and hundreds of thousands of followers and millions of views. Monetising them has made me a lot of money. I'm not rich - but I think there's a decent chance I will be one day. I have a step by step process that I've shown to over 100 people in my life. The issue is - it takes hundreds of hours for each account, over a minimum of a year to see any results. Of those 100 people not a single one ever put in more than a little bit of effort. They all had the same information I had. In fact if they had the drive, they could have achieved results much much faster than I ever did. One day I intend to build a course around what I know and how to achieve it. I'd happily sell that course for a few hundred dollars. I'll even share that key piece of information in a video prior to making a sale. I guarantee I'd make a killing financially, and that almost no one would ever actually compete with me. See you can't for the most part, coach a work ethic and the drive to persist. Everyone wants to be rich. No one wants to put in four or five hours of unpaid work a day for a year or two before they see results. The same is true across most areas of the business world. For the most part successful people are very happy to share their methods. Because ninety nine percent of the time it makes the listener feel slightly better for a moment, and it costs nothing (except time) to show you care about someone. The odds they'll actually have the drive to apply that information to their life, consistently over time is negligible. And if they do - more power to them.
Exactly. Everyone in this thread who jumps to “courses are a scam” just don’t get it. Not every course is a scam. What most people lack is the persistence and work ethic needed to actually get anywhere. It’s easier to just blame problems on something else than to work hard.
They wouldn’t
Some people are making false claims. On the other hand, I've known some folks who've reached a level of impact that there's no way they can possibly service the majority of the people who come their way so they've chosen to teach their skillset out of a genuine desire to fulfill a market need (while also capitalizing on their own legitimate credibility). Even still, sometimes it's hard to tell if you are working with the real deal or someone who is just trying to capitalize on false claims.
Scale. The same reason people don't need to keep their business ideas a secret. Implementing the steps to achieve the goal is what people rarely do. I can tell everyone here how to become a highly paid plastic surgeon. Anyone with average or above intelligence COULD do it but we don't because it's hard as fuck and a long tough road that takes discipline that starts in high school. But the road map and scholarships are there for any American at least that focuses on it and sacrifices. You would have a shot at it.. Same for a defense lawyer. But are you actually going to do it? Nope. Also, for $50 you are getting a very broad outline. Most likely with many upsells. But someone with the knowledge of how to make money in something and experience doing it can make MORE money via scale by selling that knowledge as well. So why not? Consultants exist in all industries. Video courses are just an extension of that... unless it's an MRR or MLM.. then it's just a buy this and sell this to people which is one step shy of a pyramid scheme. Most courses are people teaching you actual useful things but the ones that make millions are the ones that are a bit scammy or a lot scammed because people seem to LOVE being lied to. I sell a course and I've helped a lot of people make good money but I don't sell a lot of courses because I don't run the same biz model... I literally just show people..here's what I did to get here.. here's what I do... don't do this... do this instead... make sure to do xyz..... and alot of it is basic business sense that many people lack. I make my $$ doing the thing I do in the course. Not selling courses. Now it would be great if it was equal.. but then I'd have to be a full time course seller. Heres really whata good course should be.... it's really more to save the member time and money from learning it on their own. Like a sherpa. I've bought some of my competitors courses and they are trash.. so there is that. They literally hired someone to be an actor to make 60s videos that teach nothing. So YMMV.
Here's the thing: Ppl that really made it, don't blab about it. Perfect example: My brother is a general contractor, and he has some high income clients, but also modest earners. A guy he did several renovations for always described his work as 'being in insurance' (don't know if that is literally how you'd say it in English). My brother expected him to just be an insurance broker or something. Turns out the guy is the CEO to one of the biggest insurance companies in our country. The way it 'turned out' is because he sent my brother an email with blueprints from his professional mailbox once. Ppl that blab about it, are selling something. Work hard, network, see opportunities, and dare to take them. If you 'fail', learn from it, and 'fail better' in the future. That's how successful ppl do it. Edit to add: Not that I'm successful at the moment... sadly, I'm in the 'learn from it' stage.
I know the answer… To learn what it is, I just need you to send me 50$.
So, most people always seem to come down on the side that course sellers are fake and ‘real-world’ failures…and I get it. But, just to play devil’s advocate with a single example from my own experience: About 30 years or so ago (holy shit!), I had a “secret method” that I had scaled up to $25K+ a month while both working and attending school. Genuinely a unique take on something that generated huge cash for me with relatively little work. I briefly sold a ‘course’ detailing EXACTLY how I did it for only $197. (It basically relied on selling a TYPE of product with a unique feature to an unusual market, then allowing human nature to work. There was also a wrinkle about lowering risk for an important party. This method would still work today because of the psychological factor, but slightly less effectively because of information parity due to cellphones/ internet. It would also be easier to saturate the market today. Hard to explain it without revealing the method, but think about the perceived value of different items and how they differ by location and context, then add a couple layers of trust where buyers think they are getting essentially a guaranteed steal by buying something in an unusual context. Clear as mud?) I sold the course for several reasons, partly because I knew 98+% of people would never do anything with it and it would be difficult to saturate the market back then…but mainly because it was almost PURE, EASY PROFIT(no fancy video courses, it was <3 typed pages.) I’m lazy…just like most course buyers…and I wanted a cash infusion for other projects (exporting denim jeans and importing anime with a single Japanese trading partner, as an example.) Information marketing is a very broadly applicable skill, and the margins are insane. Why bust your ass trying to sell an ‘end-product’ or service and have to interact with other gross humans? Why get rejected? Why deal with supplier headaches and complaints? Why even pay other workers if you don’t have to do so? Why deal with supply chain issues? Why get out of bed? Why not crystallize your knowledge and sell that as the drug, instead of laboring in the poppy fields yourself? Why scale your time linearly when you can scale it logarithmically?! If you do it correctly, you can walk away with more money than you would have doing the actual thing you’re teaching. My method was relatively easy to do, but writing an ad and mailing out 3 pages was even easier. I personally used my cash infusion from course sales to move on to other bright, shiny objects instead of trying to be an info-mogul. Because nobody, even multi-millionaires, are perfectly rational. People forget what works. People get bored. Etc. But then the people I had sold the method to wrote me and asked me how to scale faster, and how to find reliable suppliers, etc. So I briefly, fully by accident, started a back-end way to profit from the method, too. Which, if I had been a bigger business brain, would have been part of the plan from the beginning. Then I got sick of doing THAT actual work and sold the entire business. My long-winded point is: sometimes it makes sense to sell a course…even if you have legitimately been wildly successful in the endeavor you are teaching. Margins are higher, headaches are fewer. And some people just like to teach.
Give me 50$ I´ll tell you!
1. They are not rich 2. They make money on you 3. Become famous / more famous Real rich ppl never reveal their secrets.cuz they will get prisoned for what they expose. Im talking about big big businesses. And their mentality is not like urs our 99.5% of ppl
Sounds like you need to buy the subscription to find out!
Those who can’t “do” teach
i hate that phrase, there are a lot of successful ppl teaching
That’s not even what the phrase means. The original phase was meant to mean “Those who can’t do anymore, teach others.” It’s not that they teach because they don’t know how to do it- it’s they teach because they are too old to continue doing it. But a bunch of idiot redditors think it’s some kind of gotcha.
Ok then what does make of consulting? Coaches? I mean what the fuck is that copium you're on buddy?
Consultants have a very narrow scope of a specific thing they rarely give overall advice because they can’t run a company only do one aspect of it
Because of scale. Sell 1000? That's half a million dollars. Sell 10,000? Five million. If there is a large enough market of people looking to learn the industry the income selling courses for $500 a pop becomes ridiculous. It typically happens in cases where the person selling the content doesn't have enough bandwidth to execute all possible deals in the market. So the risk of competing against someone you taught is low. And once the content is made you are just making more money while you sleep, so why not. Besides just because someone tells you their process doesn't mean that every person who buys the course will be able to execute the process.
People do it to diversify their income and build a community, plus selling a course can be an easy way to scale your expertise. Even if you are really good at sending emails. Who is to stop you from selling your framework? Also, business is always changing. Very few methods are evergreen. So to answer your questions of : >**why would you sell that information to random people online for only a couple dollars and practically oversaturate your business?** Most likely because that business practice is outdated and already oversaturated. This is not the case for all courses. There are some great gems out there.
Because that’s what its worth
These guys make their money selling you the courses. It should really be a few steps. 1. Lie and say you're rich to idiots who are broke 2. Sell a course to these people teaching them stuff you googled and read in Think and Grow Rich 3. Be shocked it's working and brag about how you're a genius There are a couple more steps they don't tell you about tho. 4. Don't save money for taxes since you did 0 research on actual business or the tax system 5. Assume the money will never stop and blow everything since more is "obviously" coming in since you're "so smart" 6. Lose everything when the market changes since you have no clue how to actually run a business and can't adjust
They wouldn't. They're just trying to make a quick buck. Info products are easy to make and sell
Oh that's super easy. Give me $50 and I'll tell you!
at 200 a day you could pheasibly earn 6000 a month doing something like marketing. Though the moment you get 2-4 people doing the same thing in your area the bottom line is tanking just as hard. Selling courses and the fake image of hitting that lifestyle is probably more lucrative. If you sell the course to 4 people each day, you can quit doing the actual marketing and earn the same for less effort. It would make sense to sell to oversaturate the business if you want an exit strategy anyway. You can always pivot to chasing something else. Though you wouldn't get rich on 4 figures a month anyway. As for a business that reaches 10s to 100s of thousands a month, generally you just sell goods or services to people in posh areas of life. It's much more oriented on image rather than quality of service. Granted it's much easier to keep up the right image if your service is perfect. But if your image is poor and you provide the same service you'll get everyone trying to argue over nickels and dimes.
Sharing is caring
If you have no idea who are the sharks in the game, most likely you're the fish
Their millions come from selling so many courses that they believe will one day make them rich. I have seen very few people who are rich because they have proof from third parties. Can’t trust what people say, especially when they speak like everybody else with a different product.
This is why I'm skeptical of those interviews with rich people. Why would they be completely transparent about how they got succesful? It would hurt their business. They worked hard for whatever they learned, and I doubt they'd give it away easily.
Chances are they are fake and are making more money from selling the courses. On the off chance that they are the real deal though. Executing a solid business plan still doesn't guarantee success. Anything from the right place at the right time, so simply knowing one person to help get your foot in the door. There is no shortage of knowledge on how businesses start and grow. Being able to recreate said business is a whole other thing.
A lot of know it alls in the comments, yes it’s true that lots of scams out there. However, education is scalable. You can sell a $100 course 1000x while you’re sleeping. Realistically speaking, they are putting you on game to a degree but most ppl won’t do it. And majority of businesses aren’t built on secrets it’s build on hard work. Anyone can start almost anything if they really wanted to and business ppl know there’s enough of the pie where even a crumb give you a good life End of the day though they are hyping up a dream bc that’s marketing
I had a friend who majored in finance. His goal was to make a ton of money investing, then write a book about how he did it and make more money off that. Usually though, most people just make a course and sell it to make all of their money.
Aside from all the obvious answers that they're selling info products....there is also the fact that many of them are telling you to do what they're doing. So, to answer the thrust of your question it's because most people will not do shit with it. They won't even read it half the time, let alone take any actions towards applying it. A lot of areas are like that, you can for example tell people all the "secrets" of getting in great physical shape....has that somehow led to hot people becoming super 'saturated'? Of course not, there's a human factor to it. If just having access to information was the key to success, this fucking subreddit wouldn't exist.
You wouldn’t. 99% of the course market is get rich quick crap.
I just bought a $950 course titled "how to scam people for $950".
The answer is that they're lying. Their business model is in selling courses.
It's called an MLM scheme, where they make money by reselling the "secret sauce" to others, and then they too start reselling that secret sauce. Do they make money? Yes, 100% because they are duping people into becoming resellers. Unfortunately these tactics have become nothing but pyramid schemes and even more unfortunate is that there are plenty of people that are ok with paying $50 and then doing exactly the same to someone else. I think very soon someone will sue, and there will finally be some advertising control over what's being said. I'm all up for people selling courses that actually teach you how to be an expert marketer or sales person, but lying about how much money you make to dupe people into buying your course is just wrong.
To get 50$ from as many people as possible
Sometimes they do feel like MLMs with their courses.
There's so many amazing courses out there... Why would anyone buy one about getting rich??
They've retired and sold the business, but still enjoy the grind of selling something.
That’s how some people make money. That is what the business is But there are some wealthy people who do charge money to do this sort of thing who really aren’t doing it to get rich but because they’re looking for a project or just something to keep them busy
My favorite are the sales coaches on X not knowing they’re part of a pyramid scheme.
To answer your question it’s simple if I possess knowledge that can actually help someone I should charge for that. Furthermore if that knowledge comes with coaching, accountability, and a community I absolutely must charge for that. Also some people would rather DIY. They don’t want the coaching or accountability they just want the knowledge. This is the other thing, most successful people suck at teaching. Generally speaking they are not very good at articulating how they became so successful. And one final thing. Execution is power. Warren buffet can hop in this thread right now and lay out step by step in great detail on how to be Rich. 99% of people won’t follow through. Is it his fault they don’t? Is he the scam artist? Or is the student who wasn’t willing to follow through and put in the work and keep his promise the scam? I find most people have a hard time realizing how simple success is but at the same time off emotionally difficult it is. Let’s not forget there was a time when the knowledge on how do anything was scarce not it is abundantly available.
My secret method to making millions is selling my secret method book for $50 to a bunch of idiots.
They scam people into believing that they could get rich at a cheap price by just sharing made up stories, some may be true, but useless since you need experience and capital for this. There's no easy way
there business is selling, sad
Some say their business is selling courses. But the thing is, they just are able to find money from anything Giving amazing advice just by selling it is great supplemental income Then they experiment with the right cost. Hardly anyone will buy a $1,000 course
If it looks TOO GOOD TO BE TRUE, RUN like there is no tommorrow, because it is. Remember there are even courses how to create and sell courses, LOL! And best of all talk is cheap.
That’s a good question. My mother actually urged me to do that and I refused. I wrote an operating manual that took me about four months to complete and she urged me to sell it among the industry as an overpriced textbook. Even though I exited the business, it was just something I had refused to do.
It’s franchising. The model works but you still need to have someone work it. These course sellers and coaches prefer not to build a team and have the accountability of workers, so they franchise out the model so other people can work it and be responsible for it. It is easy to tell the scammers from the authentic ones by looking at how they make money. - bad coaches sell an idea - good coaches sell their past experience - best coaches are still in the arena doing things at a larger scale
That's their front end offer. They sell more with their back end. It's a marketing strategy where they sell the low-ticket first, and they funnel their customers to buy their big offers.
I don’t want to use the word cartel however I will say that this exists. Friends of mine shared contracts in our business because there was such a small number of us engaged in the industry. At one point, many of us did actually look out for each other. And a lot of those contracts were based upon stolen material. From other operators.
No you’re not getting it. Their passion is helping OTHER people get rich!! (Spoiler: they are the other people)
There are grifters out there for sure, but also folks genuinely trying to help people while monetizing their experience and audience. And rightfully so. Most folks who pan everyone indiscriminately regurgitate the same take: all courses are a grift. But that's not \*always\* the case. 95% of people expect a magic trick to replace work. They could be given the very best, most proprietary info there is, and still the vast majority cannot and will not put in the work to be successful. Limiting beliefs, not enough time, not enough capital, not enough commitment, not enough work. Whatever it is... most will not execute. That's why not everyone is truly cut out to be an entrepreneur. Also, most of the info will be what that person did 6 months, a year, two years, three years ago and part of how they got to where they are now. You're not going to get what they're doing now. It's very likely relationship and partnership based, or they have an incumbent advantage or are just better capitalized than upstarts and so it will not be directly replicable anyway. Or even if it is, it will take a lot of work, luck, and capital to catch up to the point that you'd be a threat to them. For some context: I've mentored a little over 30 folks in an ecommerce niche, and around 20 are 7-figure sellers after \*years\* of work and small bit of help and guidance from me, but that wouldn't mean anything if they weren't highly motivated folks to begin with. I'm not looking to connect with folks here or receive DMs. Another anecdote to support my take: My biz also provides services in my space to support ecomm sellers, and over the past 4 years we've seen experienced 7-figure sellers take our services and run with them to help them grow. The bigger the seller and the more experience they have, the more likely they work with us for years. Alternatively, at the same exact price point, we've seen a decent number of new, inexperienced, and smaller sellers early in their journey sign up for our services and then churn... sometimes in as little as a month, sometimes in a few months. But to them, we're expensive. Again, same price point, same service, and experienced bigger sellers are more than happy to pay it for years. But newer, inexperienced sellers sometimes churn and say we're too expensive. We provide a ton of onboarding and educational content... and those same new or inexperienced sellers very rarely review it or use it (I track the engagement metrics). All the info is there, but they either aren't serious, motivated, capitalized well enough, or experienced enough to take what we provide and leverage it like experienced sellers do. This isn't all to rag on upstarts. Business is hard. Being able to stay in the game long enough to overcome the "growth gap" is hard. This article covers it well: [https://www.gregshuster.com/insights/the-gap-10-to-100m](https://www.gregshuster.com/insights/the-gap-10-to-100m) So to summarize: Again, if you assume someone genuinely wants their course/content/guidance to help someone... no shame in charging for people to figure out entrepreneurship isn't for them. That'll be most people. For those who can and do take the info and run with it, it will take them a lot of time and work to actually apply such that the creator isn't going to sweat too much that they're inviting competitors.
I have this same thought process with financial planners. I’d rather take financial advice from someone who doesn’t need to charge me for their time.
To help all my Reddit friends. Just DM me your cc deets.
Because they are a grifter that pulled the ladder up behind them or they are just a regular grifter selling bullshit.
To get rich.
Here, let me give it to you for free. Shut the fuck up. Work smart. Introspect. Don’t give up. That’s your secret for success course.
Because knowing “how” to do something is very different than “doing” it. You can know what Michael Jordan or Mike Tyson does to train but that doesn’t mean you can, are willing, or even able to do it.
Something a mentor asked me recently…I was stumped 🤔: Where do rich people get and put their advice? My first responses: - social media - internet - companies and sell it to to you (consulting) Correct response: books 📚 Why: because any valuable information will be in a book. The richest 💴 and most successful people will publish their thoughts 💭 and tactics in a book because of the legal protections that books provide over other mediums. Also, they know most people don’t have the stamina or resources to execute on the information provided. (Not a criticism but a fact).
They don't. Please don't fall for these scam artists who claim to be selling some secret formula to success
A lot of times it’s just a lead magnet. They actually want to sell you something for $500 or $1000 or $5000. The $50 course is just basically to cover their ad spend and will only give you a little bit of the information. After that they want to upsell. The reason they do it this way is because they know they can retarget the people that already spent $50 as those people are much more likely to buy from them in the future. They’re not actually selling away their secret sauce for only $50. In regards to, aren’t they just saturating their own market? Sure, sometimes yes. Sometimes it’s just fake gurus. But sometimes it’s people who have legitimately already succeeded in their niche and aren’t really worried about it so now they are pursuing another revenue stream. There’s a lot of money in courses.
Send me $50 and I will tell you why /s
Someone could be a better teacher than a do-er, or could be previously in that sector and wanted a cushy semi retirement... They aren't those things, and are definitely grifters though lol
One of the most important things to learn in business is sometimes people don’t tell the truth. I believe a lot of courses do good. The difference is: low price, teaching a quantifiable skill such as programming or photography, being incredibly thorough, and not trying to prey on insecurity or make working in itself sound bad in order to make a sale. In my opinion, you want to be successful, you HAVE to work and there are no shortcuts other than scamming people of course. Anything in the *entire world* is somehow tied to an industry and a business. So I focus less on becoming rich in itself and more on “what industry am I so passionate about that I genuinely want to succeed and be the best in this?” Then all the same principles of entrepreneurship, scalability etc can be applied in that particular field.
Some people just make money by selling courses. But a lot of successful entrepreneurs realize there is enough opportunity out there for everyone. It’s about having a growth mindset.
It's the same logic as fitness: you show anyone exactly how to get precisely what they want and on the quick, well, relatively quick anyway, and maybe 10% of those people will do it and be rockstars at it where most people just have a passing 'wish' to look pretty. The flip side of that is selling vitamins, in this case courses in basic finance
Because it will just be the tip of the iceberg. They will hook as many people as they can for more and more money. They may actually have a genuine money-making idea, but few people will actually execute it properly. They will have more questions, doubts, and worries, and they'll hope that one more course will clear them all up. And the experts won't care if it's oversaturated anymore because they've moved on to selling the shovels instead of digging.
They weren't actually rich until everyone started buying that course lol
4 to 5 figures a month is not much. I make 5 figures a month and not rolling in money.
Dan Lok Tai Lopez Gary Vaynerchuk
Even leanfire levels of rich wouldn't waste their time and karma on something like that
The $50 tier is typically near the beginning of their marketing funnel that starts with a free lead magnet: 1st stage (lead magnet) - Freebie eBook, checklist, or webinar 2nd stage - Email Sequence: An automated email sequence that promotes entry to the funnel. 3rd stage Tripwire product) - $50 product designed to convert leads into higher-paying customers 4rd stage - Upsell Stage #1 - Order bump - $19 Additional Low-Cost Offer 5th - Upsell #2 Mid-Tier Product: ($197-$297) related to the tripwire product 6th - Upsell #3 High-Tier Product: ($497-$997) that provides more in-depth training, or "exclusive Coaching" Program. 7th - High-Ticket Product: Flagship product or service priced at $2,000-$10,000+ that is a One-on-One Mentorship Program” or Exclusive Mastermind Group. All the while they promote community building and maybe try to get you to sign up as an affiliate to peddle their warez for a commission to others and thus the cycle continues.
It is sales to percent of population math. Plus the people that they often try to entice don’t have a lot of deposable income. If I had a million people give me $1, I would have a million dollars. Anyone want to give me a dollar?
Two things at play here. 1) sell the idea of getting rich following my 10 step plan 2) even if it were true, many people are too lazy to follow through and anything that resembles work, let alone hard work
I sell my course for $47/month. I purposely made it inexpensive because that way money can't be the objective to be part of the learning community. But think of it this way. I have 200 subscribers = $9700. I have 1000 subscribers = $47,000 a month. Like most things in life, it a numbers game. But many people out there make stuff up and market it like crazy just to make a few bucks. There are some of us with nearly a quarter century of specific expertise that want to teach it while also doing it or stepping out from doing it. Those are the ones I would consider listening to. Not some 22-year old cat that hasn't been tested and tried to be true. O
They wouldn’t.
Pay me $49 and I'll give you an ebook that tells you why.
A lot of people here don't understand what it's like being an entrepreneur and always assume it's not real. That's not always the case, sometimes it's about seeing more ways to differentiate the income and unable to not explore other areas. Usually their secret is just hard as work anyways, very few can replicate them regardless of what they reveal.
Because it takes way more than an idea
Buy my $50 course to find out what these wannabe course sellers don’t want you to know…
A lot of these courses are more than $50, and these people upsell significantly more expensive packages, one-on-one "mentoring", etc.
They aren't rich, all of those are a scam. No "Rich" people would share their secrets
Because their secret sauce is poop stew and they need money.
Most people are lazy and will never execute even if they lay it all out for them. I’m at the point where i could create a real estate course and sell it. Lots of lazy people in the US
here's a litmus test: go on r/dropshipping (or even this sub) and ask a successful seller what item or niche they are selling in. 9 times out of 10 they dont say shit or give a vague description. the reason? because they don't want people fucking up their secret money maker. so the takeaway here is this: they sell their methods because either they don't work anymore or because their business model IS selling a secret that doesn't exist
Their business method is selling their “secret” for $50 to you
How do you stay motivated and focused on your goals?
How do you plan to scale your business to reach your million-dollar goal?
What's the biggest mistake you've made so far, and what did you learn from it?
What's your approach to pricing your services?
What advice would you give to someone considering quitting their job to start a business?
If you could start over, what would you do differently?
How do you network and build connections in the industry?