Oct 17 / 4:17pm

Money Making

Over the past year, I have met many people who make money for a living(unbelievable, no?). 

Each time, I try to interrogate them on how they are able to achieve such a feat.I ask them what they sell. I ask them where they get what they sell. I ask them how much it costs to produce what they sell. I ask them how they find customers. I ask them how they convince their customers.

Yes, it's pretty intense. But within minutes, I can get a pretty good sense of their parent business. Most of these businesses are making millions in rev.

Here's my pet peeve: people that make money online seem pretty clueless about it. "Yea I get tonnes of traffic." Well, how? "Oh, I did some SEO and it seemed to have worked." Really? Can you tell me what you did? "I am not sure. Just messing around." Well, tomorrow if it stops working, what do you plan to do? "Uh, mess around some more."

Where as folks that make money more traditionally seem more definite in their answers. How do you get your product? "Oh, I buy it from blabla for 32 dollars each." Cool, and how much can you sell it for? "For 50 bucks." Nice. So you make a 18 dollar margin. How do you find customers? "I knock doors." Really? How many? "Say 10-20 a day." Cool. In how many hours? "Two to three." What about the rest of the day? "I am busy with referrals." 

You see what I mean? I dislike the unpredictable nature of the Internet in making money. I am not saying there isn't a predictable way to make money on the Internet. It just isn't one that a lot of people practice. I am definitely on my way to changing that!

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