Does your "get rich" internet guru only make $28K/yr?

[masterneme]

I probably wouldn't have written the book in today's market. Too many fakers, too much noise, too much saturation.

That would have been such a huge loss, I learned about TMF because someone recommended it.

I believe that even nowadays word of mouth would make it succeed.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[LPPC]

Osho had 99 Rolls Royces... all gifted to him by his followers I don't think he was a businessman. Or maybe he was?

 

[Mr.Brandtastic]

I would guess that $28,500 is WAY MORE than most of these gurus make in one year.

 

[jcvlds]

I would guess that $28,500 is WAY MORE than most of these gurus make in one year.

Eh.. I dunno.. if they wouldn’t be banking and making good money you would stop hearing about them as they wouldn’t continue advertising themselves all over the place.. and yet we still do



Sent from my iPhone using Tapatalk

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[Mr.Brandtastic]

Eh.. I dunno.. if they wouldn’t be banking and making good money you would stop hearing about them as they wouldn’t continue advertising themselves all over the place.. and yet we still do

But those are just the "out front" gurus. Some of them do very well. Not because they're necessarily great businessmen but instead because they're great marketers. Kudos to them.

99% of gurus that you don't see make nothing. They make maybe a couple hundred or occasionally some sucker will buy their $1,499 digital marketing class for a "limited time offer."

 

[jcvlds]

But those are just the "out front" gurus. Some of them do very well. Not because they're necessarily great businessmen but instead because they're great marketers. Kudos to them.

99% of gurus that you don't see make nothing. They make maybe a couple hundred or occasionally some sucker will buy their $1,499 digital marketing class for a "limited time offer."

Ah I see what you’re saying.. yeah makes sense.. like the millions of people who are now “life” coaches that pop in n out everyday


Sent from my iPhone using Tapatalk

 

[MythOfSisyphus]

Guys like MJ are the exception, but 99.9% of people who are making great money have absolutely no desire or need to teach other people how to do it. This fact makes me immediately skeptical of absolutely anyone claiming to have a secret or a system to create wealth.

Hell, even the gurus who are rich, usually got to be that way simply from charging people to learn how to make money.

I'm possibly just a bid jaded from my time spent on the warrior forum. That's also probably why I find this forum such a refreshing change.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[Mike Partee]

Tom Vu, my favorite!

"Come to Mah Seminah."

 

[p0stscript]

I would guess that $28,500 is WAY MORE than most of these gurus make in one year.

Also making $2374.98 a month means you can HONESTLY claim to be making a six figure sum.

 

[Andy Black]

Also making $2374.98 a month means you can HONESTLY claim to be making a six figure sum.

I always have to look at my fingers to work out what a 5 figure and a 6 figure sum is.

Unless I’m mistaken then $2,374.98 per month is four figures a month and five figures a year.

(Goes back to staring at his hand...)

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[p0stscript]

@Andy Black Yes it is.
Two, three, seven, four, nine and eight are six different figures (numbers) so whilst not actually telling the truth they could say "making six figures"

 

[Mr.Brandtastic]

Also making $2374.98 a month means you can HONESTLY claim to be making a six figure sum.

A six digit sum

 

[p0stscript]

A six digit sum

OK pedantics , but if I were conning someone I wouldn't be bothered with that.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[ZF Lee]

I wrote TMF more than 10 years ago and it was a different time. But yea, that angle is probably costing me some readers in today's climate.

Time to push up UNSCRIPTED , I guess.

It has a non-lambo cover, and has a more 'thoughtful' approach for folks tired of seeing guru crap.

Also making $2374.98 a month means you can HONESTLY claim to be making a six figure sum.

Making money is one thing.

Another question might be:
Profit or Revenue?

If you are earning coin, but yet much of it is burned with BRO-marketing to leave pennies for retained earnings, is it an actual victory?

I have never heard a guru talk by merit of profit. They only use generic terms like 'make $xxxxx' or 'earn $xxxxx'. Is it taxed? Does the guru strategy need you to pump some of the retained earnings into your company? Never explained.
That is something that MJ did settle, by revealing his average monthly profits for his limo company.

 

[GoGetter24]

I don't see the point in any gurus. If you want to know how to get rich, it's very simple: get the biographies (not autobiographies) of a few dozen guys who got rich, and read them all.

Immediately all the patterns jump out. All of them worked long hours of focused hard work. All of them had as much equity in whatever they were doing as possible. All of them were assertive risk-takers. None of them followed "how to get rich" gurus (in some cases they did seek out other winners -- but even then it was demanding meetings with them, not just reading their book). That's pretty much it.

If you can't show continuous 12+ hour days, you don't have equity in what you're doing, and you're not venturing into unknown territory, those things should prioritize any advice seeking, or you just risk being an action faker.

 

[BrooklynHustle]

You hit the nail on the head here.


Tom Vu, my favorite!

lmao!

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[fishingpromoter]

But, flashing your bank statements and exotic cars screams red flag to me

What are the credibility factors you look for?

I think even the best businesses with the best of intentions and products still have to create/show credibility to the market, so what are some of the suggestions you guys/ladies have for that?

 

[Maxboost]

What are the credibility factors you look for?

I think even the best businesses with the best of intentions and products still have to create/show credibility to the market, so what are some of the suggestions you guys/ladies have for that?

Real testimonials from real people you know, then you do a cost/benefit analysis of the product/service.

 

[GoGetter24]

Real testimonials from real people you know, then you do a cost/benefit analysis of the product/service.

That and grill them. If they can't withstand a grilling (e.g. rely on logical fallacies, dismiss the criticism rather than hit it head on with solid explanations), then their product/service is most likely garbage.

The reason these scamgurus exist in the first place is because people are lazy and comfort-seeking. Basically "discomforting minimizing drones". They don't want to hear that it's going to take long hours of focused assertive hard work with no payoff guarantee, to get to where they want to be. They'd rather pretend it's easy, that it can be achieved with "one weird trick", and that this "guru" has that secret and will give it to them for $299.99.

It's a demand-side problem. The gurus are just stepping up to give the supply.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[sdbrownlie]

The one I'm seeing more and more these days - probably more than the lambos from 'newer entrants' is the 'real sales' scam because most of their targets don't get the difference between profits and sales.

Especially when accumulated over many, many years.

I saw a course sold by a 'genius ecommerce guru' who has sold over $3,000,000 online over the last 7 years.

He was mostly dropshipping cheap items - what do you think his margins were? Even if they were 25% that's only just over $100k/year.

I used to work at a bank, there's thousands and thousands of small businesses doing 1-10M a year in revenue in larger cities. You'd be surprised how little profit that usually means they make for themselves.

But people see those big headline numbers, bank statements showing the money coming in etc and fall for the whole 'dropshipping cheap stuff is going to make me a millionaire' angle he's pushing. It might... but often the guy (it usually is a guy sadly for us guys...) selling you his $2,997 course isn't the one to show you how to do it as he hasn't made it himself yet.

Heck he's probably making 1/2 what a kid just a couple of years out of college spewing out disposable JavaScript code for a startup is making in the Valley. Not really very fast lane...

 

[#nowhere]

Most of those marketers use "fake it 'til you make it". A lambo (put in another 6 figure luxury good), even if possible to pay, is not affordable at this stage, but it can be used as a tool, a shortcut, to new customers.

I often observe these guys on twitter etc... profile pic: Guy with lambo/ferrari/big beamer.
Then they transfer the zeitgeisty sayings like:

"I'm twenty, lambo, 7 figures....blah blah blah. Average 22,23,24,25,26 something:

• broke
  
• in debt
• out of shape
• has gf that is this or that way"

yeah, maybe they are right that this is the average guy, and I wont argue that this were not true... but they all take the same line. It's pretty boring.

They try to make a highly individual thing, aka life and/or entrepreneuship, as mainstream as possible. Everyone has to have a 7-8 figure corporation, photos of receipts from designer stores (every other day 5-6k) and lambo. If you dont you are average. Average is bad. Bad means you have to buy their products. I doubt this culture.

And I do believe that everyone has to find their own way to freedom. Flipping appliances or revolutionizing the market of XYZ. You decide.

 

[ALC]

The lambo and the big title is a marketing tool, just take a look at the shopify/dropshipping game, it's hilarious !
"From Broke to Filthy rich in 48hours" How tf can be hooked by these BS ?..
"Hey that's looks legit, this kid has a lambo"

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[Millenial_Kid5K1]

You can buy a used supercar for just under $100k. My duplex was that price, and my mortgage is only $590. With $2400/mo, I could be paying on 4 duplexes, and I'd get most of the money back in rent. Just saying.

 

[masterneme]

Last summer a bunch of young Spanish Youtubers made a metric f*ckton of money with a simple strategy.
4 or 5 got together and rented a house with swimming pool, they called it the Youtuber Mansion

Every day they all uploaded videos showing what a great time they were having in "the mansion", and each video got millions of views.

"Selling the dream" just works.

 

[Invictus]

Since we’ve been discussing integrity and smoke and mirrors recently...

I just saw this posted, almost word for word (the last paragraph had been cut) on a Facebook group I’m in. No attribution or even “Just saw this, and it’s a really good point.”

If you’re going to steal MJ’s content, try to internalize the bits on providing value.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

If you’re going to steal MJ’s content, try to internalize the bits on providing value.

They stole my article? Link please...

 

[Invictus]

They stole my article? Link please...

Sent it through the forum’s contact form.

 

[BSK]

I wrote TMF more than 10 years ago and it was a different time. But yea, that angle is probably costing me some readers in today's climate.

I was listening to a podcast where you spoke about your decision to change the book cover based on the public response. It's refreshing to see you practicing what you preach.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

I was listening to a podcast where you spoke about your decision to change the book cover based on the public response. It's refreshing to see you practicing what you preach.

Yes, it wasn't received very well, despite the fact that I liked it. Probably now a collectors item, lol.

 

[AndrewNC]

View: https://www.youtube.com/watch?v=_VaMOa5Hh7E