There are a lot of businesses in the business of making this sound a lot easier than it actually is...although it IS much easier nowadays to set up an online store, online presence, etc, some of the "hacks" with SEO, website clustering,e tc is losing effectiveness.

Google is just getting smarter and smarter every day so what you eventually need to deliver is value to the end user if you want a sustainable business in the long run, not a get rich quick scheme based on an SEO hack.

The last 2 years has seen Google crack down hard on these types of aggregators, or other grey-hat tactics used in the past that worked...

 

I think the only people who ever made money off of these websites are the people publishing material on how to set these sites up.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

True, I forgot about that guy. Is he still running that website where he teaches people his techniques and send out newsletters where people routinely make $1m per trade? :)

I remember when I first heard about him when he was on Wall Street Warriors...such a douchebag it was incredible

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
Best Response

Patrick and I both know people who make six figures in their underwear. It's definitely doable but, as Patrick rightly pointed out, it has to be an actual business providing actual value to the end user. Just look at Mixergy if you want dozens (by now probably hundreds) of examples of guys making bank in their mom's basement.

One of the more interesting approaches I've seen lately is Dane Maxwell, who has a process of creating SaaS-model recurring revenue businesses in the B2B space. Pretty cool stuff. There's a new trend also where all these guys are disclosing their monthly earnings and breaking out how much they actually make. It's pretty eye-opening. If you want to see a good example of it, check out Pat Flynn's Smart Passive Income:

http://www.smartpassiveincome.com/my-july-2013-monthly-income-report/

@Matrick You're certainly not wrong, but that business model is nothing new. The guys who got rich during the Gold Rush were the ones selling shovels.

 
Edmundo Braverman:

Patrick and I both know people who make six figures in their underwear. It's definitely doable but, as Patrick rightly pointed out, it has to be an actual business providing actual value to the end user. Just look at Mixergy if you want dozens (by now probably hundreds) of examples of guys making bank in their mom's basement.

One of the more interesting approaches I've seen lately is Dane Maxwell, who has a process of creating SaaS-model recurring revenue businesses in the B2B space. Pretty cool stuff. There's a new trend also where all these guys are disclosing their monthly earnings and breaking out how much they actually make. It's pretty eye-opening. If you want to see a good example of it, check out Pat Flynn's Smart Passive Income:

http://www.smartpassiveincome.com/my-july-2013-mon...

@Matrick You're certainly not wrong, but that business model is nothing new. The guys who got rich during the Gold Rush were the ones selling shovels.

This guy is a legend.

 

You could also learn SEO and offer SEO services. It's not rocket science, it's more of an art that takes time to learn/understand. Those guys can make anywhere from $20-$500/hour. Usually closer to the $20-$80/hour range, the guys that make a shitload have been doing it for years.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

If you plan on doing affiliate marketing be ready to lose up to 3K before your campaigns get consistently profitable. Don't pay for any of the private forums, coaches that charge ridiculous money per session, warriorforum stuff or similar products - they suck (nobody will be revealing keywords or traffic sources of campaigns and they will just give generic advice). Just post on wickedfire, read threads on blackhatworld and experiment with landing pages and keywords.

 

I've been reading/scheming about this recently as well. I'm not necessarily interested in building a niche site for affiliate marketing; rather, I've been keeping my eyes open for a (already established) drop ship website, or something along those lines. I wouldn't mind buying a site off of someone to try and see what I could do with it. The long-term goal would be to develop a level of efficiency so that I could keep adding to my portfolio of sites when I come across a site that's priced well and has potential. Ultimately, I'd like to build a secondary income source.

 

Whether you're Tim Ferris or Tim Sykes, there's a lot of money to be made when you can convince people that you have the answers they're looking for (be it investing, fitness, etc). Obviously, some are more full of shit than others.

 

That sounds very Dogbertian.

"It's very easy to have too many goals and be overwhelmed by them... The trick is to find the one thing you can focus on that represents every other single thing you want in life." -- @"Edmundo Braverman"
 

With so much change in the world today, and a nearly-instantaneous access to the globe's population through mediums such as social media and online search, many people are still left perplexed by how they can utilize the powerful technology inherently available through the internet, People have been falling for networking marketing, pyramid schemes, and affiliate marketing scams since before the start of the net.

 

I will also add that a good portion of this forum likely have outside employment clauses in their contracts. If Compliance/HR think something might be fishy, the answer is always "no."

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 
Whatever1984:
I will also add that a good portion of this forum likely have outside employment clauses in their contracts. If Compliance/HR think something might be fishy, the answer is always "no."

If you're not using company time and you're not a competitor to your company's product, it's unlikely to be an issue.

Sure, if it is a clause within a contract you can't do it.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

How likely is it that your firm finds out that you run a blog that happens to sell a few products or make money off of a couple affiliate links here and there? I'd imagine that would be a case that they wouldn't even take seriously.

 

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