There's a very disturbing trend taking place in the Internet marketing world. I am specifically referring to the Infoproduct "make money online" niche.
I've had one foot in this market for the past few years, but I am increasingly dismayed by what I see happening.
I say "one foot" because my products and services are very diverse and most are not in the IM niche.
However, it's time someone came forward to draw a line in the sand. Since I don't see my peers doing it, I am willing to take the risk. It's too important to ignore.
I have covered this topic before on my blog in a category titled "The Dark Side of Internet Marketing". You can consider this an addendum to my earlier writings.
There is nothing wrong with learning how to leverage your passion to make money online. However, it is essential that people understand there is no get rich quick method! There are plenty of strategies that are marketed as "secrets". But if people had REAL "secrets" they wouldn't be selling products promising riches. They would be keeping their secrets a secret and building wealth quietly.
When I teach online revenue strategies, the last thing I recommend is entering the make money online niche. That is where there is the LEAST opportunity! Yet so many Newbie marketers treat it as though it is the goose that laid the golden egg.
That is only true if you have come up with a groundbreaking strategy that can be easily duplicated. Such was the case when I released my ebooks on AdSense as far back as 2005.
Today, it seems like many people are coming up with products specifically designed for the make money niche without actually having success in that niche.
They then present their methodology as a turn-key push-button system that will be bringing in truckloads of cash in nothing flat. They fail to tell people that it will involve WORK.
And to make matters worse, there seems to be an infatuation with a $1997 price point for new courses and systems.
When the economy took such a turn for the worse, I lowered my prices. I give away many of my ebooks for free and when I sell from the platform it is rare for me to charge a price point greater than $997. Yes, I charge more for workshops and one-on-one coaching, but there's a lot more value in working directly with someone.
It seems like the only reason marketers are charging nearly $2000 is so they can pay $1000 commissions to their affiliates who promote the products.
It's true that I know many of the big names that you see participating in these launches. And I think many of them are decent people.
But I will not participate in those launches for a few reasons.
1) I think $2000 is too much for the majority of what is being offered. Whether the product promotes traffic generation, social media, mobile or whatever else the flavor of the day is, once you get past the hype you discover that much is just rehashed content packaged a new way. Does this really help people?
2) I grow weary of the bonus silliness. Marketers encourage their affiliates to create a bonus which they will provide to those who end up buying the package through their link. It's alright if affiliates create a brand new bonus designed to accompany the product they are promoting. But more often the bonuses offered are the very same products that they charged $2000 for a year or so earlier! I think its wrong to devalue your product in that way. And how should the customer who paid full price for that product feel? Also, if I promote a product in pre-launch my affiliate commission can be taken away when another affiliate gives away the farm with their bonus. The whole thing leaves a sour taste in my stomach.
3) It's bad for the customer. There's nothing wrong with Robert Cialdini's psychology of influencing and persuading others. But I'm afraid the launch formula is being misused to manipulate people into buying. When you cross the line from persuasion to manipulation you have ceased to bring value to the customer. Now you are just seeking your own good.
I remember hearing one marketer tell me that his job from the stage was to suck as much money out of room as possible.
I find that concept disgusting.
I enjoy making sales from the stage as much as the next guy, but I don't want anyone buying unless they both know what they are getting into and have the means to make the investment. That's another reason I keep my price point low.
It's also the reason I have not received professional speaker's training. I do not want to learn new techniques to persuade. I want to be authentic and deliver value first and foremost. If people want to buy what I have to offer, that's great.
Because of that, I will always sell less product than I could and earn less money.
Because I won't play the backscratching product launch game, I turn away from the profits I could be earning.
And because I am willing to stand up for what is right, I risk damaging relationships with other marketers.
But honestly, if there are those who are offended by this post than I probably shouldn't be concerned about maintaining that relationship anyhow.
Over the past thirty days I have been approached to promote and/or endorse no fewer than FIVE $2000 products.
I have rejected every one of them. My unwillingness to promote these products has probably cost me somewhere in the ballpark of $50,000-$100,000 in commissions.
I would rather sacrifice those commissions than sell myself out for more money. That's precisely what I believe is happening in the Internet marketing world.
Here is what I would ask of my peers...
1) Create original products and services that go above and beyond what is promised. Create something new instead of camping out in the same territory where you have been your entire career. People need real solutions, not another course on making money online from someone who has only made money online selling courses on how to make money online.
2) Price your products more in line with the state of our economy. People are hurting right now. Give them a break.
3) Stop encouraging and/or allowing bonuses from affiliates. Let your product stand on its own strength. It's one thing to give away free bonuses with an ebook or piece of software. It's another to set affiliates against one another in a race for commissions. It devalues everyone's products.
In the immortal words of Forest Gump... that's all I have to say about that.


















Very good point Joel. I'm working on my own product, but it will be less than $100 and focus on a niche I do very well in - making money with Amazon's Associates program. I also know that I want any customer that I meet at a conference or event to come up and say thanks for creating the product it really helped me out. Instead of having to duck the punches that someone is throwing because they feel ripped off.
In any case, I do agree the $1997 price point is ridiculous because just like you said - most of the time it's just information that has been repackaged.
I prefer to make most of my money by actually building websites in niches outside of "make money online" and then monetizing the traffic using the best methods for that niche.
Random Question: Did you ever get your Amazon Associates account reinstated?
Thanks, Joel. I appreciate you speaking out. I, too, have seen puh-lenty of $1997 products on how to make money online. The sad part is that if you've seen one pitch, you've seen them all. Only the production quality of the pitch varies from one to the other.
There *are* a lot of people hurting, financially, which is why the making money online niche seems so attractive. Sadly, the motivation to suck the money from as much people as possible by any and all means is all too common.
I'm new to the whole scene. I would like to make money online. But, I understand that there is no magic bullet that will just take a couple of mouse clicks to become rich,rich, rich.
If it sounds too good to be true.......
GREAT POST! I am so glad someone said it because reading about riches, instant twitter lists and million dollar product launches is messing up my peeps. When I tell them that using the internet to market their business is a get rich slow model, they think that I am crazy. Didn't they just get 10 emails today saying that they could do two simple things or buy a "ready made system" that will generate cash by the handfulls?
Building an online business is just like building an offline business! You need goals, focus and persistance.
Great post Joel and fully agree. I have been to many seminars and seen and hear many pitches and presentations over the last few years and can often guess the prices of packages within a few hundred dollars before the price is even stated most times.
I've actually experienced a little of what you talk about with your own AdSense program as I bought it for $997 at a Peaks seminar in Dec 09 and then saw you promote it for $197 a month later
Dear Joel,
Only blind one doesn't see that Online marketing became a place where one group of people tries to cheat another one.
All these "big launches" became a BS and like you said are repackaged and re-written old products and they absolutely do not cost $2,000.
May you found anyone of these "Gurus" who is offering something "How to make money out of "how to make money online" niche.
99.99% are selling only in this niche.
Why?
Because here the most money are made and the most lie could be sold.
I respect your position and hope there are more honest guys will work online and make money the honest way.
People will always look for ways to make money, whether online or offline, and that's an easy target for unscrupulous individuals. It just so happens that once the early comers opened the floodgates to the "make money online" niche, a host of people dove in expecting to make a killing. These people have no regards for their clients' well being, they just care about the money they can make.
I find it rather striking that some IM Marketers are willing to devalue their own products and offer them as cheap bonuses when you buy through their affiliate link, only to cash a small commission. Just last week I got an email from one of these guys offering 7 bonuses valued at upwards of $997 for a product that would only leave him $49. Is there a business strategy there that I'm unaware of?
HI Joel,
I am so glad you stood up and wrote about this! I see it happening so much and the new internet marketers who are just starting out also get into these ad-swaps and overload my inbox! Unsubscribe and delete!!
Sometimes I see a product that may help me in my biz and the emails and bonuses that other marketers are giving away make me wonder how good the quality of the original product is in the first place!
It is giving Internet Marketing a bad name!!
Glad I found you and your blog. I just recently purchased KaChing because you are one marketer that I DO trust and because I love your honesty and the way you write.
Thanks again Joel, and God bless!!
Lisa~
Hallelujah.
"But I paid $2,000 for this, are you sure Wordpress offer a better service for free?"
I heard that more than once when an IM "guru" put together a Wordpress MU site and the main feature was a plugin I give away for free.
Joel,
It's refreshing to hear someone speak out abbout the abuses that are taking place in the internet marketing niche. I get no less than 200 emails every single day from every freakin' marketer on the planet.
And much of it is just a rehash of something I already have or already seen... It's out of control!
Kudos to you for speaking out on it.
Best Wishes,
carl Willoughby
Joel, this is *exactly* why you are the only internet marketer that I listen to. And I mean that. You are the *only* internet marketer that I listen to. I discovered you a few years ago, I like what I read, and I stuck with you. In your words, most of the others "leave a sour taste in my stomach". This is why I read your blog, follow your tweets, and spend my money whenever you launch a product. You are someone I can trust to deliver quality content every time, without just looking for an easy buck. I feel that you have my best interests in mind, and truly enjoy helping people.
Congrats on another excellent post!
Your message touch me and give me a better feeling.
Each time I'm contacted to promote expensive product, I feel I need to buy it and try it before to promote it. I don't want to promote something not enough good for me. But... my expenses are limited and I can't buy all. Thank you God !
Some friends of mine buy the ones I can't pay for and few weeks after, they call me to complaint about the crapy stuff they received.
Your message, mostly wrote by a man who KNOW the market and who can make lot of money, is a piece of cake for us. You walk in the opposite way than others emarketers and, for the first time, I can feel better. You are the proof they are not all focused on our money and their wallet....
Thank you for your franchise, I appreciate it very much.
Sylvie Laflamme
Very well put Joel!
I'm very tired of all the hype for content that is just rehashed over and over as well. It's gotten to the point that I don't even read half the emails I get from marketers anymore.
I also believe this is causing a lot of confusion for those wanting to learn how to make money online.. this course, that course, this guru, that guru.. When most of it is all the same information re-packaged.
I'm so glad that someone (you) in a leadership position in the industry has spoken the truth for once. Thankyou for that.
I knew I liked you from the beginning, your integrity is intact. Its so refreshing to read your articles because when you speak the truth, the subtext resonates with honesty. I'll always buy from you, always have, always will.
Hey Joel,
You see the greed of others from a different vantage point than most in the marketing industry. If you are serious, I'd say do something about it. Make a product showing others 5th grade level step by step instructions to making their own products, maybe you already have...
Start an educational campaign aimed at teaching buyers how to re-think buying decisions and ask if they really need the thing they are looking at.
Thanks for caring about the people who are seeking to better themselves but do not know who to trust Joel.
Blessings...
Joel! You really are an exception though :)
I entirely agree with your points above Joel. It is so refreshing to know that there is still a person with an integrity in the IM world.
I am a newbie and eager to earn a living from Internet Marketing but have always been wandering if it is possible at all to really make money while keeping your integrity intact.
Thanks for saying these things out loud. I've been saying them for years, but since I'm only a small fish, it doesn't have the same impact.
"Be honest" should be the most important rule, everybody should follow. Yes, you'll probably make less money by following that rule, but by treating your list members (living people) like cash cows (an expression, I hate), you might make a lot of money here and now, but I doubt that people will keep trusting you.
Dixi - Britt Malka - the honest marketer
Nice Joel,
It is about time someone was honest, I too have been a victim of this nonsense. When I first started in Internet Marketing I too was gullible enough to fall for the "Launch". This post is very refreshing and I extend my compliments. I received your new book Joel (KasChing) and love it.
David
I totally agree.
I have seen so many products with a price range from 997-1997 - I often think, is it really worth it? I have never bought such product.
The worst thing about those $2000 launches is that the same person, will 6 months after releasing that product, release an entire new product.
I tend to buy your books, kaching, twitter power, adsense etc... but if you should release a book/infoproduct for $2000, man I would pass on that.
As you also mention, one-on-one coaching is much more valuable, and I'd gladly pay $2000 for some coaching, if I thought it was needed.
I fully agree. I also prefer earning less but keeping my integrity intact. Many products out there are pure trash, and it's nonsensical to recommend anything that isn't worth every cent - or more.
I have also noticed the grand ol' boys joining hands in product launches. It seems like the only way they think they can appear credible - and I even released a free report on the subject. Noone dared pass it on, retweet it or anything, so earning money IS more important to some than to maintain online credibility.
So thanks for remaining firmly rooted in good ethics. Much appreciated. :-)
You make some good points - creating products to sell to make money online that are about making money online are just not sustainable.
Info products need to add real value to the internet marketer's business 7 not just create false hopes.
Well How clear and specific you are?The content of what you just share capture my complete and undivided attention.
-Yes we need to be original instead of me too
-Yes we need to adjust our self to the state of the economy
-More importantly we need to provide value through our ability to empathize,recognize pattern - make meaning and finally become creator of values through our products or services which ultimately lead us to part of leadership - because we created quality perception which give us the right to dominate the marketplace.
Thank you for your insight- make a lot of sense to me
See you in the next post
You are so right Joel!, but sadly there are many people out there that think that just by building a website they'll become rich, and it's not that easy! imagine if it where!
I am truly sickened by what I see in online marketing. Truly.
I am 24 years old, and when me and my dad started talking about developing passive income, an obvious avenue for us to pursue was online marketing.
At first, I was awestruck by all the "millionaires" and products and "gurus" out there. But then, I began to realize something... they are all promoting each others' products, using each others' methods, and as you said scratching each others' backs.
In the past few months I've come across websites for dozens of 'gurus' and I'm appalled at how many of them claim to have "online marketing" secrets... but all their products look the same, and cost way too much.
And the best part is most of them talk about "succeeding" in other niches. Truthfully? They may have a half-ass success in some psycho niche.
Okay, enough of that... thanks for this post. I have a lot more respect for you now. I truly appreciate your honesty. Keep it up man.
~Sam
Joel, as one of the big names in IM I want to thank you for saying this. My respect for you has increased 10 fold.
This is something that has been making me more and more uncomfortable with the Internet marketing world lately. I know that the "make money" market is always going to have more money grabbers than most but when people I have previously had a lot of respect for seem to be interested only in promoting the next high priced course and no longer offering anything of any value (except, as you pointed out, to lower the value of their own products by offering them as bonuses) it leaves a bad taste.
Many of them seem to be offering courses in stuff that is being given away for free elsewhere or which can be obtained via some membership sites (where there is a LOT more value and expertise offered) for a fraction of the $1997 price point (I pay for a couple of very advanced memberships that cost me less than $100 a month so I can get 20 months for the same price).
Anyway, it's great that you have made a stand to maintain your integrity and thank you for speaking out.
Awesome Post!
Integrity and Honor before Profit!
Thank You Joel!
Should we name names then Joel? Last week one of the products launched for 2K was the biggest load of repackaged rubbish I have ever seen and it was promoted by every one and their dogs in a race to win iPads and then loads more. Obviously I didn't buy it as I don't buy into the hype but many people especially the newbies seeking the magic bullet in these hard times would have been sucked in by these "secrets".
Luckily it seems that Google is getting a bit wiser to the scammers and many, including those who were promoting the product last week, have had their merchant accounts cut off so they can now only promote other's products.
I produce products just like everyone but of course I am not a Guru and those who get them do thank me for the value rather than having to duck and dive. I could have given more value in a ten minute interview than was given out last week for 2K.
Great stand you are taking as in the end your reputation is the most important even if you did invent the iFart app ;-)
I am glad someone with a voice is saying it.
Today the effects of the recession are hitting many who take the positive approach of looking at what can be done online. Especially with the constant barrage of success stories that come through email and other sources. These people genuinely are looking for an answer and being fed by disinformation. The problems are two-fold, noise and dishonesty, first there has been a substantial increase in 'making money online' products with fantastic claims adding to the confusion and secondly, as you say, they are selling EASY systems, requiring just a push of the button. A lot of these systems are possibly valid if used with a structured plan of action and marketing, but many prospective searchers haven't yet achieved the first rung on the ladder.
In an effort to try and bring all the claims that were being made I did push together a collection of the launches and claims on a site at open-seo.com, however effective it was while I did it, (it pulled out a few false claims) I was fringing on copyright problems and decided for now my own 'recession fight' was more important. I would love to know how a line in the sand can be made though? I would definitely add to that.
I hope I can say I appreciate greatly the work done by Ed Dale and his team at challenge.co, who really do focus on the first timers and giving them a process by which they can build on. It takes work and organisation, having constant focus, then maybe later these products will give you an edge, but not until then.
You are right. These high priced products are in a way useless for the average guy, it may be good for the person who has a name and money to throw around. It is very difficult to make a single dollar online and you have to pick a niche that is not crowded. I think niche specialties are good to go after instead of these general high priced courses that have 65% refund rate.
PPC is very very hard because you will never make money at it unless you have organic traffic first. List building is hard because you have to have traffic. So to have traffic you have to build a brand and that takes at least two years. No one tell you that.
I could write a lot in support of your post. Let me, instead, simply say, "Thank You, Joel". I appreciate your honesty, integrity, and willingness to take a stand.
Scott
Great post Joel.
I haven't completely ruled out the option of promoting high priced products, but I do turn down the massive majority of requests that come my way to promote as an affiliate. I just get way too many.
It seems people are way to quick to just try and fill a gap and then slap a large price tag on it before there is justifiable cause to do so. I don't find it fair to the customer in many instances. On rare occasions I can get behind large ticket items, but I get more and more skeptical each and every day.
As far as manipulation and sales persuasion I'll admit I've learned from the best of the them. And I mean the best. However, I still find it easier to just be yourself and treat your customers and prospects the same way you'd treat your grandma.
In the end it's much easier to sleep at night, and you don't have to worry about so many bitter customers. Like you, I've sacrificed hundreds of thousands (if not millions) of dollars because I want to feel good about myself.
However, I am human and have promoted a few products that I wish I did not. But I get wiser, and stricter every day about my policy of promoting marketer.
Cheers
Jason
Great post. I have thought about dropping prices on product I have but it becomes an issue of affiliates losing interest if the commissions aren't great enough.
Hi Joel,
You're one of the the few oneline experts that I open when I see your name on an email. This post is an example of that credibility factor.
I saw a video the other day of some kid making outrageous claims. He showed two checks, dated weeks apart, for his supposed affiliate commissions. both had the same low number (1003) and though supposedly were from different companies, were of the same design.
Not only are the inexperienced selling how-to junk they've never done, fraud is also rampant. So, buyer be ware. Also, producers be ware. The FTC doesn't need too many complaints to come knocking.
One more thing, Internet marketing isn't just about making money selling stuff on how to make money, it's about promotion and branding using the most dynamic tools in the history of the world.
When we cut the crap and wade through the swamp of choices, there are clear paths to these discoveries. I get tickled almost every day as I explore the possibilities for myself and for my clients.
Keep up the great work!
Tom Justin
Joel, You are truly an exception to the IM guru and $2,000 product launches. Because you put honesty and integrity before profit, you will always be the most profitable! You are the breath of fresh air in the otherwise overly congested IM guru lane!
Thanks for being you!
Value + Integrity = Value Integrity. There's far too little of it today. And the rush for a $2K+ product is the main reason. Your idea that the price point allows for a $1K commission is probably too on target. For both launches and for back of room sales at conferences.
I've consulted folks trying to get their website working and selling. Usually, they don't do anything and that's the reason it doesn't work. Most of the rest of the time, they don't follow instructions. Instead, they jump at something easy that doesn't really work.
Most of this stuff is pretty easy if you just take it in little chunks.
A marketing consultant 15 years back told mail order marketers to "bulk it up" so there was "heft" in the box when it arrived. And regurgitated junk was the result. "They're not going to read it anyway," he said.
Now we get the online version.
I'd rather get something short and simple that actually does some good.
Joel,
I have always enjoyed your honesty. Here is my past issues with the big gurus. This past summer I attended a Super Summit from a well known person in the business. He promoted it as a "NO Sales Pitch Fest" Seminar. Well, you and most people would guess that the seminar was just that. On top of that he was promoting his new and up and coming NEWER VERSION at the cost of about $2,000. Some of the people I talked with at the seminar and months after are pretty upset of the whole sales pitch thing. There, I vented and I feel better.
I look forward to your info and keep it up.
Scott
Well it's not often I can completely agree with a post, but this one is dead on Joel. I've been touting the points you make for some time now.
I believe that a good product is one that helps people do what they know how to do, not one that sort of tells them how to do it, or automates the process so their efforts results in nothing but spam or spewing out old info.
I just think of all the money spent on junk and rehashed information that doesn't work, and can't help but wonder how many more successful marketers they'd be if the money was spent on tools that made things that do work, work better and easier.
It really is a vicious cycle of product launches, then giving the launched products away as a bonus for the next product launch, and so on until a sane person can quickly see none of these products are worth what one is being sold for combined.
And the truth be told, the free information leading up to one of these product launches is usually more valuable than the junk being sold for $2000.
Joel,
Thanks for your insight into what appears to be a growing problem. I would suspect there is a lot of money to be made by preying up other peoples dreams and economic situations but at what costs.
I read countless emails to buy the latest, greatest turn key, get rich quick promotions. In many cases it's affiliates promoting other affiliates get rich quick, no work, schemes and in many cases vague content as to how this will benefit the end user.
It doesn't take me long to unsubscribe to a list when all I receive is promotions to subscribe yet to another affiliates list.
Dan
Well said Joel. Recently purchased a "big launch" product. It was only 77 dollars but it was nothing new.
Build a site, blog, capture emails, build a list, sell to your list. How is this new? Promised tons of money from Clickbank, it probably worked for these guru's who already have 50,000 people on their list. That doesn't help someone that has 28 people on their list.
I believe the best kept secrets are just that, secrets.
Joel, can I ask a question?
If you don't agree with all of those things...
Why do you still promote people and products that do what
you mention is bad?
Hey Joel,
At least a few of your peers have taken a very strong stand on this. Mike Young at the Internet Marketing Law Center has made this a constant theme.
http://mikeyounglaw.com/internet-lawyer/internet-law-firm-marketing/
And of course, Sylvie Fortin's Internet Marketing Sins, written over a year ago, took a strong "let the consequences be damned" stand against these kinds of practices.
http://www.internetmarketingsins.com/
Thank you so much for your article. I sometimes feel like I am the only one who sees this! And from yours and the other comments, I see that I am not the only one! It's like the story of the Emperor's New Clothes. I really believe that the more the internet evolves, the more we as human beings are going to have to be authentic in our communications. People are beginning to see through the false promises and hype! I've worked with so many people who come out of the weekend workshops and when Monday morning comes, they still have no idea what to do on Monday morning and they've spent $1000's of dollars...and they think they are going to get everything done to create their online presence in a few days... It's a process and it begins with being real and it takes time!
I am not in the IM niche but I have created one website that promotes building websites with Socrotes and wordpress because I believe in it. I am honest with visitors that not only is it hard work but building websites can create problems. Many who sell these these kinds of products would have you believe it's all a bed of roses without notifying people that roses have thorns!
I agree, the market is flooded with how to get rich quick schemes. I know there are actually some good ones out there with good information. It's too bad that all the bad information makes it difficult to find the good info. If anyone out there has an ebook that shoes a recent review of where the good information is and where it isn't I'd buy that before anything!
Hey Joel,
I couldn't agree more with this post. In fact, I actually wrote a very similar post on my blog a couple of weeks ago (with the identical title too). I've passed on promoting all of these $2,000 launches as well. I know the people on my list are probably struggling right now but I'd rather see them spending their money on things that will directly result in traffic and profits... Things like advertising and various promotions.
These launches have gotten out of control. It's the same stuff over and over again. The creators seem to be focusing more and more on satisfying the affiliates over satisfying the customer. That is completely wrong, in my opinion. The biggest marketers out there didn't get where they are today by taking the focus off of the customer. That's why I think that the future success stories are going to be the people that are honest and always put the customer first.
Look at companies like Zappos and even Amazon... They didn't get to where they are by putting their affiliates first...
Matt
I must be a real peon because I have never received an offer for a $2000 IM course. However, when you begin to add up the monthly membership fees of some of the IM Guru membership sites, ie., $97/mo., $197/mo., it doesn't take long to spend $2000, and for what? Most of what I see being offered in the "make money online" niche is a bunch of recycled garbage. More gurus are climbing out from under their rocks than ever before -- all with strikingly similar products. All are offering courses and membership to their sites in order to discover other IM "secrets."
My inbox, too, is filled every day with another offer or, more often than not, multiple offers from different gurus in a JV promotion. Many don't even bother to change the text of the offer, so you receive multiple offers from multiple gurus that all say exactly the same thing. It truly is disgusting. I've already written off half the big names in the business today because of these less than honorable practices. (BTW, if I receive such an offer from you, Joel, I will write you off as well.)
I may be wrong, but I do believe that most of the flash-in-the-pan gurus are selling off their knowledge of something that no longer works for them. They recycle it into a new IM course on how to make gobs of money online fast. Everyone started out poor as a church mouse and in only a matter of months was making millions of dollars online. What do you know! This same sales pitch has been used for centuries. Why? Because it works. The "secret" to instant riches sells big time. It's why people play the lottery -- including myself.
After spending literally thousands of dollars on IM courses and ebooks, I have finally put my foot down. No more!! I have enough knowledge on my hard drive to last a lifetime. Putting it to good use is quite another thing.
You are right. It takes time and hard work to make money online.
In general and in principal, I agree with what you're saying here Joel.
However, the reality is that as a product creator, attracting affiliates to promote your product, does in the end come down to how much they'll make and how well the offer converts. (which ideally comes down to the product quality, but not always)
With the market standard set at $2K for "big ticket" training, and with plenty of examples of social media, SEO and membership / local site marketing strategies ... it's often easier to repack what is already selling, rather than venture too far from the pack ... after all, buyers start to expect a certain look and flow and respond to what is familiar to them.
I'm sure I don't have to tell you that often, the first into a market is NOT the winner in the end, it's the second, third ... who does a more effective job at developing the market than the first would be able to do the first time around ... (to sum that complicated bit up ... being #2 is usually better than being #1 into a market)
Finally, lets admit that for every 1 person that actually takes action on the training and even gets through the exercises, there are 10X the number of people who will not take action on the information.
For whatever reason, they're more addicted to the process of buying these 'get rich quick' schemed ... knowing full well there is no magic - do it for you - guaranteed make money solution .... that they'll actually have to put some of these strategies into action ... but they keep buying the information over and over.
Of course these people are going to be REmarketed to until they fall off the band wagon (or actually get some success and start focusing on building what they have instead of starting from scratch with every new fad - SEO, Adsense, Arbitrage, CPA ... etc... etc...
I think trends of offering more platforms / systems with the $2000 price point should be the focus, not lowering the price point.
Instead of buying a course on how to setup landing pages, do keyword research and drive traffic through media buys ... if that course came with the software all setup, the landing pages customized, the back end offers in place ... then we're seeing the "how to" supplemented with the "it's working for you now" ... then we have more potential to turn some of these non action takers (who get confused by rebranding a PDF, let alone FTP) into action takers.
To sum up ... I don't think the answer is to lower the price point.
I think the answer is to raise the bar on what is provided for that price point.
Nothing motivates an affiliate like $1000 cold hard cash, and in the end, the affiliate network is where the biggest leverage points are in most of these info product offerings.
That's my 2cents ... and what I'm working on.
Joel, I commend you. It is the newbie who tends to get sucked into many of these "Re-Invent The Wheel" type products and their launches. They sound great at the outset for $47, $77, or $97, however, there is a trend where the hook seems to be an add-on, fast track product which as you said has a price point of $1997.
I have not had much dealing with you, however, I did purchase The Socrates Theme. Tremendous product with great support which does exactly, if not more than what you and Dan promised. In fact, this is one of the few online products which I purchased where I feel that the vendor "over delivered". Your price point may have even been too low.
I do, however, have to make the following comment. Although you have elected to opt out of most of these massive product launches, you as an internet "Guru" as they say, must be extremely selected in who you align yourself with. Case in point, Brian Johnson of Auto Content Cash, a man who I respected and trusted, prior to to the Google May Day situation. When May Day hit, he dropped off of the face of the earth and provided ACC members with no support and no direction. Only to re-surface trying his Halloween program.
I am not here to bash Brian and I hope you do not reject this post. The point I am making is developers and marketers of products must do what they promise and address concerns whether they are a fault of their own or not. People do not like to be ignored.
Thanks,
Kelvin Johnstone
Joel
So true!!! This past week I have decided to "opt out" of MOST of the same old garbage that keeps coming through. The thing that is MOST irritating to me is that when you have been online a while you start to get the same offers over and over from different people AND the recently one marketer sent no less than five emails about the same offer practically begging, saying Just one more day and this offer will go away. I emailed him and said DO NOT send me one more email about this. Appreciate your honesty..
Making money online is definitely tough! I would suggest not to buy into the hype anymore. A lot of "how to make money online" out there are just rehash of old material. You can learn the same thing that gurus are teaching from various forums (Warrior Forum) and blogs. Just do a search on Google!
Then use what you learn to help the local and small businesses that are reeling from the recession. The problem is that these small businesses don't know how to leverage Internet Marketing to grow their businesses. THey are still using traditional marketing methods such as advertising on radio, newspaper, yellow pages!
So use what you know about SEO, website design, social media to help them.
If you want a blueprint on how to do Online Marketing for small/local business, then check out www.smallbiz-marketing.com.
Joel, YOU ARE NO SAINT. YOU WERE ONE OF THESE SAME PEOPLE YOU ARE NOW CRITICISING. I DONT TRUST YOUR MOTIVE. Where is the proof of your Repentance?
I feel you went too easy on the state of internet marketing today. The proliferation of internet marketing scams through bogus product launches, JVs, Warrior Forum WSOs and such is at an all time high.
Many of these self described 'Gurus' publish and sell worthless or rehashed material to unsuspecting newbies who don't realize that all the glowing testimonials are from other ersatz gurus who all belong to the ever widening circle of back scratching fraudsters.
Hi Joel, Thank you for a huge breath of fresh air. I almost feel like you were reading my mind when I read your post today. I was just going through my email and felt actually assaulted by the barrage of emails from affiliates marketing the same product and I am sure I am not the only one feeling like it is being shoved down my throat. I really appreciate your integrity and hope your comments inspire others to consider true value, not just "perceived value" in what they are selling.
Hi Joel,
This is exactly why you have my respect and I continue to follow you.
It takes some time and experience to figure out the "true leaders" in Internet Marketing. You are at the to of that list.
Carlene
Well said Joel. I'm up to my ears in bonuses from other marketers and all of them vying for my c.c. info. In my eyes almost everything online is available and given out without any cost what-so-ever...but it does take a-lot of time and research to find it. Even your adsense e-book that I once thought was a bit over-priced is now available for free. This is good news for those beginners who are looking to make a part time income with adsense.
Paul
Joel! I'm giving you a standing ovation right now. Thank you for your courage.
I never understand most IMers fascination with price points that end in "7" either. Like if my product is priced at 1995 instead of 1997 it wont sell.
So many internet marketers seem to not realize that the average person trying to make money online does not have an extra $2000 laying around. If they did, they wouldn't need the product! The problem is most have forgotten where they came from and simply want to push continuity programs with no regard for whether it solves their customers' problems. In fact, in their mind it's better if the customer's problem is not solved just so they will keep coming back to them for more "solutions." Sad!
Great post and I agree whole-heartedly. I'll take it a step further and say that they could make even more money at lower prices even than the $997 - if they appealed to a larger crowd who really is hurting today and could use the help.
What I'm really tired of? Seeing the same things today for that $2000 that is simply rehashed information you can get for free with a couple internet searches. Or a product being charged for that in another version can be obtained free, or close to it, if you know where to search.
I like seeing people finding ways to make money, but not when they are doing it in ways that actually hurt, rather than help, most of their customers.
Amen, Joel!
Thank you for your stance. Truth-telling, real truth-telling, is a past-time. Buyer beware! ;-)
Studying the email sales techniques of internet marketers has become a hobby of mine, I must confess. As you cited, many "so-called" gurus will offer "bonuses". Many times, these "bonuses" are remarketed, PLR products, with more opt-in "bonuses". I enjoy the "cat-n-mouse" game a bit (it's entertaining), but in some cases, it is possible to opt-in 6 or 8 times through one, initial contact from the internet marketer. So, those chases are long and tiresome, really. Gimme a break...to catch my breath! lol
Seriously, is there anything new under the sun?
I think not. (Eccl 1:9)
With 83004 emails in my inbox presently, I have many case studies to prove it! lol
Blessings,
Jerry
Awesome article. Thanks Joel! And I loved your book KaChing as well. When you take care of your list like you do you keep your customers. I have gotten on so many others lists, but it is only the ones that "prove" their integrity to me that keep me there and get my hard earned money later.
Thanks! Dave
Bravo Joel!
I'm very impressed. (I'm hitting my KaChing Button on my desk as I say this)
Thanks.
I appreciate your openness and desire for a fair deal all around.
As the US and global economy starts its strongest leg down as it surely must some time soon, a greater blame game will ensue, at which point self-centered and short sighted internet business practices will appear even more unpalatable.
And hunger for real solutions under such conditions will be greater even than now, provided one can get past the cynicism and despair. In the end, though perhaps not completely or always, in large measure we reap what we sow.
Excellent post Joe,
I'm very new to the Internet game but do want to do it right and been new you sign up naively to all these smooth talking gurus who give great tips on how to achieve your goals but soon start bombarding you with "Buy this and that product" and unfortunately I'm sure a lot get suckered, but Joel, with posts like this, is one of the main reasons why I always open and read your E-mails. Very interesting straight and honest, and hopefully In a few years, I'll be just like youwith the same true attitude.
Stephen.
Very well said Joel!!!
I used to have a lot of respect for the top Marketers out there. Over the years I have most probably purchased 5 – 10 of these $2K courses myself and then I started to see a pattern occurring i.e. a pattern of greed and delivering rehashed and regurgitated product. Many of these guys do not even look at the list of the previous customers that have bought version 1 of their product and offer those customers a 75% discount on the updated version, all they are interested in is making multiple million dollar launch days – They make me puke!
I have now reached the point where anytime an email comes in for some new product or even version 2 or version 3 of an established product, I look at the “from” field, then look at the “subject” line and I do not even open the email. In fact out of 40 – 50 lists that I am on; I only open emails from about 4 or 5 marketers (You are in that 4 – 5 Joel), so 90% of these emails I no longer even open, never mind read!
Nice post Joel!
You are "wrong" at one point Joel. Not getting a "speaking course" is actually good, means you will not sound fake and very prepared on each word, so you don't sound like the average man that rips off.
When you sound natural you're probably going to get more people to believe you, the manipulative techniques works only on Marketing newbies.
I totally agree that going into the make money niche is the most stupid thing to do unless you have made a big name for yourself in the IM niche, so people believe that you actually make money.
Making money is simple, get an offer and find how to get a few sales with it, scale it up and re-invest money you already made, on this offer. Once it hits a big plateau add another offer.
there's really no secret, only people that do have a plan and work enough on an offer before they decide they can't sell it.
I actually consider you very good as sales man and you do sound honest, I wouldn't go with the manipulative way ;)
Hi ,Great post I am a total newbie to this game an one of the biggest things I have noticed is everything seems to cost $1997 this is really $2000 why do the say $1997 ?
All these products are way overpriced they say they care and want to see us suceed all they want is a huge launch check and thank you very much.
I am sure more people would buy these products at lower prices and build up a bit of trust with potential customers .
I am new to this game but I tell you one thing must of it sucks,people selling selling and when you buy they try to sell some more .Only for me meeting up with a guy called geoffery moffet I would be broke by now.
Rock on Joel. Bravo for having the guts to call the "good ole boys" out on their insiders club and manipulative tactics.
I used to promote Guru launches as an affiliate, but the "bonus game" just got too out of control and guaranteed that only those with the best bonus offers won. So I stopped promoting, not because I couldn't compete, but because of that same bad taste in my mouth.
Time to focus on my own business and stop promoting the guru's just because there is a potential paycheck or some super uber affiliate prizes like cars, motorcycles, iPads, etc. If there is really THAT much extra money floating around, then you are absolutely right. The price point is SO far out of line with reality and what the person who really needs the training can afford or should be paying for.
Thank You Joel,
Your post articulated exactly what I've been seeing, a lot of it happening in the last 1-2 months especially with "new" product launches. Too much hype around the product/s using common practices to create a sense a urgency,scarcity, buy now before it closes, last minute bonuses out the ying-yang, Wait! if you can't pay the $1997 up-front how about 3-monthly payments.
Can't these "Gurus" come up with something original? How is a newbie able to separate the good from the bad when all the products have been: re-purposed, re-written, re-hashed, re-gurgitated, and ultimately,re-sold?
I appreciate the honest, genuine way, you speak/write to your customers/followers. I count you as one of my " online mentors", along with a handful of others.
You're Doing Good Stuff!
Anthony
Hi Joel,
Never truer words were spoken! Thanks for articulating them. Though I'm a relative "newbie", so-to-speak, I began to suspect something was seriously amiss with the recent decisions of both Mike Filsaime and Frank Kern to retire from teaching IM, and any further development of INFO products, in the 'make money online' niche. You have provided a few plausible clues into their true reason's for that decision. Thanks!
Ken McRae
Seems at thought the both of us tell it like it is to our readers. $2k for a info product is way too much. I've only seen one product amongst the many I've sold that was actually worth $2k and that was Andy's Video Boss.
Thanks for all the kind comments! It's nice to hear feedback like this because it confirms that I am understanding what people are feeling and going through.
I'll be the first to confess that I've promoted some products that I have regretted promoting or endorsing. I've become far more careful in choosing who I will affiliate with and what I will promote.
The truth is, if you can pay $1997 to learn it you can probably pay $297 or less to learn it. I'm not saying there are NO courses worth the steep price. There are. They are just few and far between.
I think one-on-one coaching and events are worth the high ticket price because its not just a product, but an experience. For example, we charge $5000 and up for a three-day workshop with me and my team. My time is valuable and our expertise is unquestionable. So people who really want value and experience will come to us. But even my high-dollar video training is available very inexpensively to make it more accessible for everyone.
We are all human and we learn as we go. When I found myself in the IM niche, it was all new to me. I had an implicit sense of trust with other marketers and there was a certain camaraderie.
Over time I began to see cracks in the foundation. I saw people on the stage who had no real experience except to have gotten lucky. You wouldn't believe the junk I have seen people hawk. What's even more amazing is to see the terrible follow-through from those who sell product.
But that's another blog entry.
One day I'll have a lot to say about live events and things I have seen in this industry.
For today, its my goal to continue innovating and providing value through my speaking, my books, my products, my sites and my services.
Joel
Joel, I cannot thank you enough for your honesty. It makes me feel like there really are some good guys left out there! For many, many years I have often felt that the whole "IM Niche" is, well, incestuous. (sorry, that's the only word I could think of).
You can ALWAYS be certain that if "Well-Known Person A" has a new product coming out then "Well-Known Person B" will be sending you an email shortly thereafter singing the praises of a "Well-Known Person A's" product. It's almost become laughable.
I've worked online since 1996 - a majority of that time was NOT in the affiliate marketing arena.
Over the years I have seen products move up in price-point from $37 to $67 to $97 to $197 to $1997 (will the next price-point be $19,997?) :-)
With everything that people get bombarded with these days, it's often difficult to keep your "reality" in check and the "social proof" aspect takes over like I have never seen it done before.
Whenever I look at a product I always consider first if I can make my money back using that product. "Will this $197 product actually MAKE me $197?" And if not, or if there's even a tinge of doubt, I pass.
I too have a hard time promoting these high-priced products and it's on a very RARE occasion that I do (I've NEVER by the way, promoted one that's $1997 - that's absolutely ridiculous). It would have to spit gold directly from my computer first.
I guess I just wanted to let you know that it's nice to know that there are others out there (who are MUCH more influential than I am), who feel the same way I do. Given the option between millions of dollars and integrity, I'll take integrity any day.
I truly believe what goes around comes around and I applaud you for writing this post and making public what a lot of people feel but who aren't often heard because their circles are so much smaller.
For what it's worth; I've got your back even if you get snubbed by those "other marketers".
P.S. I also thought you might find it interesting to know that a copywriter I follow stated he was at a seminar and overheard one "guru" tell another "guru" the following: "I don't care what you tell 'em just sell 'em (expletive goes here)". Disgusting.
I have a long list of marketers who have sold products for up to $1997 and a few months later offer their "amazing" $1997 product as a bonus for someone's "incredible" $67 product that contains any number of "shocking secrets." I don't buy from them any more. They're peddling BS. Oh yes, they write great copy but their products are all crap. Try this yourself for 6 months and you'll soon see the pattern from people you never want to buy from again!
Here, Here. If the internet marketers don't start policing themselves and stop this 'pie-in-the-sky' routine, they will drive themselves out. Social Networking is going to cut them down and unfortunately, along with them, a lot of good & fair IMs' as well. Such a shame.
Way to go Joel. Keep up the good stuff!
Joel,
A great post I only hope that a few of the guilty parties may take note of it. What irritates the hell out of me is most of these guys brag about how much money they make meanwhile squeezing the little guy to get their last dollar as it were. Never do they say how much money their customers make from their products and that is the only true measure of the value of what they are selling.
Another thing that is equally infuriating is trying to find out the price of what they are pitching you have to jump through the hoops go to the bottom of a sales letter a mile long and then you often still have to click the buy button to even find out what is the price. What a colossal waste of our time just to find out if they are out to lunch or not!
Then there is often a couple of pop-ups to get the hell out of sales hell by then I want to reach through the screen and choke them. To bad someone does not do so in person to get these back on planet real!
At any rate it was indeed a breath of fresh air to hear you speak out about these abuses it does indeed put you in the cream.
Trevor Chilton
Joel, you are one hundred percent right in your thinking.
Id'mm one of those poor smucks who has spent a bundle of money(I do not really have) on these ebooks, classes, coaching that or the same 1,2,3.
They get you no where, they teach you nothing new. They do not carry you for enough for comprehension.
New material might be refreshing. Maybe they have reached the apex of the ability to further knowledge on the computer.
What would be the only useful training would be one on one,but who can afford that in this economy your nickels and dimes maybe your last.
YES! I am glad someone in the business finally said something about this. You are right on the money, Joel, literally!!!
Hi Joel...
Thanks for speaking out on this trend.
I am on a couple of the Guru's mailing list, just to see what they are up too. And as soon as one of these products start getting promoted. I get bombarded with $1-$2 grand products. It's funny....they already make a good living from IM....and then they want more from their list.
I just chuckle, as I delete the email.
Spot on! Joel. Thank you for trying to clean up what is quickly becoming a sewer pit. By doing so, you really stand out as ... a stand up guy worth listening to! In my opinion. Thank you-
George Riel
Pittsburgh, PA
Hi Joel,
Great post and I'm glad to see someone of your stature writing it. I appreciate the fact that you don't promote the big launches for the sake of money and I would love to see some other marketers do the same, unfortunately I don't think that will happen.
Quick story to drive your point home about expectations and the effects of manipulation.
I happen to know someone that works for one of the top "gurus" in the make money niche and was able to get into a workshop that was held in Vegas in June of last year. I was going on vacation anyway so I went. I don't buy any $2000 courses but I was interested to see if the hype surrounding live events was true. I guess the answer to that is, depends on the live event.
One thing was very clear, there were people there who spent $2000 and had no idea what to do with the information or even what the product actually did for them. The marketer and his staff realized this and to their credit set up a smaller room for those people. I volunteered to help out too because staff was way outnumbered by those who needed one on one help. I spent about 2 hours with a woman who had no idea what she was doing. She should never have bought the product and to be honest I'm not sure she was cut out to make money using her computer. Maybe with a lot of one on one honest tutoring. When I took the time to explain to her what this product was all about and that you needed some technical knowledge to use it, she said to me, "Oh my, I just wanted something easy to make money with. I thought I would just be able to click a couple buttons and make some money". It was actually very sad and it's difficult for me to convey her emotional state here.
She then went on to tell me that he had a sick husband at home and that her credit cards were maxed out and that it was even possible that they would soon lose the house. She admitted to me that the reason for all this was the amount of money she had spent on courses to make money online. In excess of $50,000. When I heard all this I wanted to cry I really did. There was no way in hell this poor woman was going to make a dime online and she just found out that the $2000 she spent to get to Vegas (Aside from travel expenses)was a complete and total waste. All of this because of the powerful sales process, the awesome sounding products with incredible income potential, and easy as clicking a couple of buttons.
Marketers need to take some responsibility for the lives they destroy with empty promises and products that don't do anything but put money in their greedy pockets.
Joel I really do respect that you don't promote these launches I wish more would follow your example.
Well said and it's about time! I've watched the internet marketing tactics change over the years and it seems it just keeps getting bigger and bigger...product costs are WAY out of reach for those that actually NEED them, extreme bonuses mean smaller affiliates can't compete (if they even get the chance to join the clique) and like it's been said, much of it is re-hashed stuff that can be easily found online for free.
Thanks for being the one to speak up and I hope it has some kind of influence on the marketers before product prices hit the $50,000 mark!
Joel,
What a surprising post from a world recognized guru. I'm impressed at your candor, and have also posted during my 30 days of TOTALLY free content about this topic a little as well at http://imgroundzero.com/.
I can play devils advocate though, and ask how much of what is being done online to make money in the "make money online" or IM niche can be original at this point anyway.
We can look at CPA, Adsense, PPC, PPV, media buying, CPM advertising, etc... and in virtually every niche someone is selling something to teach people how to make money online. They've been faking and tweaking sales statistics for at least 10 years with various photoshop, or javascript techniques, and in the end you are right - it seems all the money gets made by selling the products as opposed to doing the work.
Is this a new trend you just discovered Joel?
I guess the devils advocate question really comes down to ...
What is left to explore for options to actually make money online without selling a product?
I know you'll say other niches where you can actually provide value to your customers. I love your post, and it's dead on the money, but something tells me various other gurus are currently gathered around a table discussing the mob mentality they've been creating in the IM niche for years. They will never forget that people like to buy things, and that IM niche product seekers ALWAYS want the magic bullet.
I've heard an unnamed dude with the initials MF postulate the theory that what is offered in these products satisfies the real need of the prospects in that it fuels their imagination, and let's them part with their hard earned money.
Do you not agree that those are the goals of IM prospects? I don't agree with him, but what a spin.
Great post Joel!
Joel: very timely and well-stated.
Having enjoyed your books "Click Here To Order" and "Twitter Power" and getting ready to read "AdSense" and "KaChing", I respect your knowledge, experience integrity,and honesty in your area of expertise.
I myself TODAY, was almost sucked into buying two $2997 programs, on IM, before I read your comments and came to my senses, and that is after already purchasing 5 various courses from the same GURU who is a great salesman and a super smooth talker with multiple partners in crime. These cost me from $97-$197 to $397 to $997, many offered as "end of the funnel" bonuses. I believe most of their their offerings were worthwhile, if not somewhat redundant and confusing but since all of their "big ticket items" are in the $1997 or $2997 price point range, they most likely fit under the umbrella of your comments above.
Although many may be "experts" in On Line Marketing, I'm sure that a majority of us are not and more likely than not, really need a detailed course on such as: websites vs Blog pages, squeeze pages, lead capture pages and landing pages, video marketing, Blogging, list building, email marketing,driving traffic, auto-responders, banner ades, affiliate marketing, article marketing, launching products, , google ad sense, PPC, use of social networks, market funnel blueprints, niche finding and keywords, branding for direct response and so much more.
If all of this sort of content could be offered in a 3-4 day live course, a book or a detailed online course, for a reasonable price, I'm sure it would be a massive seller and could fullfill a huge need.
I look forward to your specific comments to mine and to all the other worthwhile statements above.
Keep up the great work and thanks for your request to your peers
Dick Nalick
Joel, I've followed you since the AdSense book. I never made real money on the Internet but it was because I was too busy or just plain lazy to implement. But merely implementing is not going to be a smooth ride either. I no longer purchase much of anything anymore because there really aren't that many qualified people out there to teach it. The gurus aren't really making that much money - there's one guy who has infiltrated JV Alert who is a real scam artist, there's the person who flaunts the fact of living in a motor home but recently sent out emails begging us to buy product so they can afford the $30k down payment on a new mobile home, there's the person who travels overseas all the time yet lives in Long Beach California (anyone been there lately?), there's the ex military guy who brags about Mind Control and who has retired more than once LOL, and the list goes on and on...and the sad thing is that NONE of these people know ANYTHING about instructional design which is HOW TO WRITE A PRODUCT THAT WILL TEACH ADULTS!!!! I've spent so much time lately unsubscribing from all these lists so that I can get my email inbox under control. But the sad part is that a lot of these people, even the ones I talked about earlier are actually nice, intelligent people as I've met most of them. They just don't know what else to do or take out of their hat to get their reader's attention. Maybe if you love your J.O.B or at least like the work you do, you're better off staying put and at least living a normal, planned life with a planned paycheck - not everyone is going to get rich - plain and simple. Thanks for staying REAL
Yes, I agree. Two disturbing trends which turn me off completely are, first, when the price is hidden. We all know what we can afford to spend on a particular day, and even if the product is super great, if it's beyond what we have in the bank today, we will not buy. Hiding the price signals to me that it's greater than what it should be. Result: I'm gone.
Second is this new trend in email lists saying "your order is complete," "payment received," "your check is waiting," etc. This is deception of the first order and I have begun complaining to such marketers. I will cancel from their lists if it continues. Certainly there is no way I will purchase anything from such as do that. I get dozens of emails every day and cannot open every one due to the recent death of my brother and having to handle his affairs, so such fraudulent headlines assure their creators lose me as a subscriber.
Hey Joel,
Thanks for confirming what I was thinking about rehashed products. I am enjoying your new book Ka-Ching and thanks for the bonuses. I have not come across many products at $1995 or even $995 but I do see a lot of cheaper products that claim to make you money in 5 days or 7 days or some other number of days, and whilst you say "However, it is essential that people understand there is no get rich quick method!" you do sometimes promote these products as an affiliate.
I think you and your peers should not promote products that make these claims unless you have seen they work for yourselves. My other pet hate is upsells like the expensive mobile monopoly upsells,(cheap product expensive with upsells) I did not yet purchase this product but when I clicked the "affiliates" tab at the bottom of the page I was dissapointed at how Adam talked about how much money you could make as an affiliate on the upsells.
I thought to myself, I was almost a customer then I listened to how this guy was trying to upsell an automatic program, tie me in to monthly payments without forewarning me or anyone else out there. I think the buying public should be told by responsible marketeers if there is another product available ie: the upsell.
Anyway now I have got that off my chest, I love your blog, tweets and fan page. I have read adsense secrets 4 which you did give away free and I am reading, enjoying and learning from your new book Ka-Ching.
I am also going to make time to watch your interview with your mum, I have heard you mention her before in a webinar before, I think she is a real inspiration to all new bloggers etc. even if she may have got a little help. Good on You, Joel.
Anyway Thanks for reading,
Best Regards,
Noel.
This Joel, is why I have beleived in you all these years!! You have been blessed.
Very well put Joel;
Regardless of what business any of us are in, I, personally, would much rather be known for truth, honesty, hard work, and helping others than any other trait.
I would rather team up and promote a good cause such as helping raise money for a NICU ward, the Boys and Girls Club, Fund Raisers for our schools or help with the Salvation Army.
Possibly, if these other IM would do the same, maybe, just maybe, they would see how the Jones really cannot afford the price tag for one, for another, how people really want and need to believe.
I have many of your products therefore I can say, you do not teach get rich quick. It's all knees and elbows and I am thankfuly for that because, that puts you in the short list of who I refer people to for education and I do it because they can learn from you providing they do the work.
On the IM train
Where money becomes fame
And Victims remain prey
For the Dollors we pay
It's a shame I must say
That it's become this way
It's time for new days
Stop playing sharades
Peoples lives at steak
For you to short change
The economy has worsen
The banks are caught jerking
The lies are just hurting
The eyes of those searching
A better life was once certian
Right?
If you live for all self you
Will eventually fail cause
When you make it you will
Still come up naked
Bravo.
Every once in awhile I will subscribe to someone's list because they were offering some free tool or course or what not. I would say 99.99% of the time they immediately start bombarding me with new launches and products, most of which they have absolutely no knowledge about other than what they pick up on the sales page. I will let a few go, especially if whatever they are pushing even remotely resembles whatever *their* own offering is. But, if they consistently hawk "the latest and greatest" miracle product, and it does nothing to enhance *their* offering, the subscription hits the unsubscribe bin pretty quick.
Of the hundreds (thousands?) of lists I have subscribed to over the years, only about 10 remain in good standing according to my standards.
Continue doing good things, Joel :)
Hey Joel,
I believe if you have the right product,
IM is fine.Tell me what you think of this
one Joel. http://tinyurl.com/39vzuo7
All Boomers need this.The Fountain of Youth
I just turn my back on all of the hype that is on the internet. Like you said Joel, if it is so easy to get rich quick on the web, then the promoters would be GRQ without telling a sole!
I have been working to build a business on the web for the past year and a half and it is a lot of work with very little return to start. I hope that in the future with continued work, there will be some decent return. I don't expect the hard/smart work to ever stop.
A good, REFRESHING and thoughtful post. A much needed clear voice in the midst of loads of empty noise. Thank you.
Oh come on Joel. Dont act so surprised when people like Jay Abraham and Dan Kennedy. As well as, Many of the other gurus to the gurus have been saying to charge out-landish amounts for years. You are guilty, if not directly then by association, to many of the people that are doing this. Granted you are not covered in 'slime' like some of them. But, can you really say you are truly innocent of the "get-rich-quick-on-the-internet" promotions ? I will agree you have not charged as much for re-hash as others. Still, how is this not another angle? Call them out before you get called out? Salty Droid lumps you in with the JV incestuousness. How are you really different esp. when you have cross promoted many of these "over-chargers" in the past ?
Thank you Joel!!!
About time someone came clean on this issue.
Instead of seeing how much money that "guru" could suck out of the room, he should have been thinking about how much VALUE he could GIVE the room!
Value will more than not equal dollars!
The good news is that there is a new breed of marketers up and coming who are helpful, kind, giving and learning how to deliver quality products that they are creating themselves.
I am in a group of marketers who have apox the same size lists and we are creating a mini team of marketers on their way up who are doing things differently.
Soon our products and services will be available all over the net.
We look forward to doing it with grace and style with excellent content that can really help people. We are the ones who have been ripped off and lied to and finally found our way. Now we want to give back and show those searching that there are honest marketers out there.
I for one thank you for your honesty!
Thanks Joel,
Adrienne lee
Joel,
Great post but what should the amount of money be to attract affiliates. I have tried split testing the same offer with and without bonuses in a number of niches and the ones with bonuses did well and the ones without zero. Ideas??
Hi Joel,
I purchased and read KaChing and then found other books and sites that reiterated your message. I also found TONS of authors and online sites that only promoted 'getting the money' using various methods. Glad to read your opinion and to hear a bit of sane commentary.
I often wondered why in the world I would write a blog and not make money off it... I don't even have a product to sell. I felt like a loser until your comments hit my mailbox. Now I can cancel my therapy session!
I've long maintained that position as well, which is one reason I did a low-cost internet marketing seminar years ago, as a no pitchfest event (vs the "charge $2k for a ripoff seminar and have gurus pitch bs to the herd). My colleagues have posted similar feelings on many occasions as well.
As someone who's made it "the hard way" with few affiliates, for 10+ years, I can say the old fashioned honest "deliver value first, earn the sale" approach to building a business is the way to go. Anything else is seen as transparent, eventually, by the market -- and reputation is one's lifeblood. Karma and longterm success is important.
The question I ask of myself is always, "what am I known for"? and if that means I'm strict and require honesty and delivering solid content vs the hype and bs, that's the right way to do things.
anyways good post Joel, and good books etc too -- keep up the solid work.
-k
Joel,
I agree with what you are saying. After awhile I realized that the very same launches are being promoted by essentially the same group of affiliates that all seem to be in bed with each other. This gets tiresome and I have been tuning out many of these 'gurus' in favor of others not practicing this strategy. Providing original content that is in line with your overall business strategy is much better. I have no problems with people promoting products from others as long as it supports their primary business. Thanks.
Great post Joel, this is one of the many reasons why you are my mentor.
Your a class act, from top to bottom !!!
This is a truly accurate description of the state of my email inbox these days. I am sick of it and glad to hear that others are too. When you are on as many email lists as I am, you can plainly see all the "me too" marketers following each other like puppies. Glad this guy is standing up and making "our feelings" heard on this issue.
thank joel i am agree with your point.i am really appreciate your stand. but not all people think like you who are already make noney. Personally i am really hate when people sell something which same to each others esp make money ebook.
Thanks Joel,
you are so right, I personal know some people self-called Guru's who pair together up, go to seminars and become copy cat. They put fast new product together about things they just learned and sell it for high dollar amount as a product or workshop how they make the big money online. That is how they make money by selling how to make money on the internet. In the same time you will find people who are brilliant and make good money on the internet, and this people never will brag around how much money they make and material they own in a short time. The people who teach the right stuff, it feel so right and makes common sense, and you know exactly what your mistakes are and how to fix it. On the other hand, the so called Guru's makes you feel that they are better than you, that they know the secret and you have access to it, because you are not good enough or can't do it.
And there need be no more said about that. You said it all. Good for you Joel!
Hey Joel, I agree almost 100% with you. The whole product launch phenomenon has lost its impact as online marketers - beginners included - seem to have caught on to the hype. The "bonus silliness" with JV partners is also about to run its course - I hope. The most recent big launch - which I didn't even bother to check the price of before I decided to trash all emails referring to it - was pretty lackluster compared to those launches of just a few years ago. I expect there will be some more big name Internet Marketers blogging on this subject soon. Now there's a niche - IM experts who don't know where to go once the grandiose product launch is dead.
Hi Joel
I recently purchased your book KaChing and I have to say the good old book by far in many cases better than any Info Products out there. Some Products I have bought are in the $ 7, $17, to $77 ranges some good some with the same thing over and over again, and for anybody who has bought 10 or 20 products on any subject can put together a program with some good logic that can scratch those $2000 ones. For one I enjoy the book and all thumbs up for the good work and good offer. And for two having had my own bread bakery I agree with the tradition that I kept, and that was, what I don't eat I don't sell. And with that being said, I have been working for over one year to start my online business and think everybody who is interested in doing business should follow your aproach do good stuff.
Thanks Joel for kind a telling it the way you said it in your Blog and you are doing what you're writing do good stuff Thanks!
Juergen
I agree, Joel. I have to say, when I purchased your book, "KaChing", it came with loads of bonuses & they came with bonuses & I got lost in who & where they were all coming from. I look at one item they offered & once I chose to get access to it, another bonus would appear from a buddy of theirs. Needless to say, I got lost & had subscribed to so many sites I lost count. I got carried away in the moment & excitement & then realized what I had done & ended up "unsubscribing" to them all so I could get a better grip on what was going on.
I chose to finish reading your book & just stick to a few gurus I could trust & you are certainly one of those, Joel. Thank you.
I must add, I highly recommend anyone to read your books...I want to finish reading it again & the 2nd time, take notes & the 3rd time, ensure I didn't miss anything. Finally, apply what I learned. Great book!!
Hi Joel,
Kid you not , in the last few weeks the thought has entered my mind if I am the one doing something wrong? Is it really that easy to make money online by the thousands overnight? What is it that Im missing? It is really refreshing to see someone with a heavyweight IM stature like yourself to be saying this.
Hello Joel
Thanks for writing this article.
I have been wanting to write something similar for quite some time now, but I am an unknown marketer. Coming from you it carries weight.
A sucker is born every minute. I buy all the products and get my refund in one week. If there is no money back guarantee, I don't buy. It's that simple. If people are financially challenged, no body can help them. To make money, one needs to be financially savvy.
What I've learned is that all those touting how to make money online sell products on how to make money online. I remember reading one story of a person selling their very first product and made great money. What was the product? An course on how to make money online. It's sad. I have a website that provides useful information for joint pain and will eventually create specific 'how to' e-books for dealing with specific injuries. May not be flashy but my focus will be on providing great content at a reasonable price. That's how to build a business and not just 'make money' online.
~JTrempe
http://www.joint-pain-solutions.com
Thanks for speaking out on this Joel. I agree wholeheartedly and am in the process of writing an ebook on this very subject in fact. There are far too many marketers who don't get that it's about creating value for others and helping and not just making a buck.
As you said, a lot of folks selling online these days think about themselves and how much they can make and little else. If they only knew.. there's nothing in the world like the feeling you get when you help someone else to enrich themselves and live a better life. And the cool part is that it comes back to you multiplied many times over.
Cheers
John
Thanks Joel. You just persuaded me to:
1.) Unsubscribe from all the B.S. email lists that provide zero content.
2.) Stop wasting time.
3.) Get to work.
Hi Joel,
As always you are right on target. You have always shown the greatest of interity and willing to standup and take a positive position. There is entirely to much hype and trying to sell the latest and greatest.
You have a lot more credibility with me and probably most of your readers. Continue to provide the truth and expertise. That is why I have been following you for over 5 years.
Couldn't agree the more with you Joel. I am bombarded with tons of emails, notably those IM marketing promotional stuffs daily. Most of these sales letters promised instant quick riches with single push button solution through so called breakthrough technology products and services. If it were so easy to make money online I guess everyone would be millionaires by now..
Cheers
Thanks Joel. I have been seeing this trend for a while and it suits me because I have been getting so much for free that I don't need to buy anything. Why would I? If I wait long enough it will be given away by someone. I am not tempted to buy anything. All I see is the same old thing or something old promoted as new, or something dodgy promoted as new.....
I get multiple emails with the same offers and the exact same methods used to promote. First the time sensitive offer, then the cheaper and more time sensitive offer and it can go down three levels until you are offered the same product for $7 that you were originally offered for $49. It makes me cynical indeed.
I like your posts and I think one on one training with someone like you is the only way to get any real benefit.
Thanks for being so upfront. I only have a small readership on my blog but I will give them your link. You provide good information.
Hello Joel,
Thank you for having the 8@!!$ to write this article and have it directed to those guys that are selling those high priced courses, as everyone is saying repackaging the information and delivering nothing new. I'm working on my own product and will be directed to the majority, with valuable information to my niche market and will be priced for everyone's pocket!
Thanks again!
I'm glad to read this post. As a newbie, I sometimes fell into dilemma with situations like you've mentioned - do this or else you will get less, others will beat you, etc... but it doesn't feel right. I just don't think that the 'more' is worth all the guilt and bad feeling after. Thanks, Joel
Joel,
I am glad that you are real and alive in the IM arena today.You are absolutely right about marketers who promote everything that come their way.How could you refuse a $50-$100K for just sending a few emails??
I had that feeling about you when I bought your Adsense program back in 2008.I felt it is a good value product from someone I can trust.After reading your post today, I know my sixth sense still working.
I am sure you will get nasty comments from alot of people but you will go to bed feeling good about doing the right thing.No money in the world can buy you that feeling.
Thank you for standing up for little guy and God bless you
Karam
hmmm...I'll take the opposite view on this one. Just recently I purchased a program called the mlm launch formula. I purchased it from an affiliate site. It was simply the best course on internet marketing I have ever done, and the affiliate bonus offer was also very enlightening.
I'm not a newbie to the industry, I've already received several million dollars in commission through the business opportunity I'm involved with, but that was through the same process frowned on by most online gurus, that's right, I got out there and actually talked to real people. What I was looking for was an online approach that was a little different, after all, to succeed online you need a unique selling proposition, not just a business opportunity.
So "don't throw out the baby with the bathwater". There are some very worthwhile courses out there if you just do your homework first.
Hello Joel:
Important and useful article. More than the offer price, what surprises me most is that nobody actually tells you that making money online is a FULL-TIME job and it involves a lot of work and creativity. Most Gurus show you photos of a Ferrari and Hawaii right from the word go!
All the best!
Very good post Joel, I fully agree with you in all what you're sharing. I am trying to be as protective as I can possibly be from bringing scoundrels to the Middle East as I don't want the negative trends to affect that market. I don't know if I will succeed or not but obviously knowing people like you and being agreement in these critical points always help. Thanks for voicing out these issues
Ernesto
Joel,
It's nice to read content from a man who has principles and convictions and won't compromise them for the almighty dollar. Thanks for your honesty and professionalism and for telling it like it should be. That's why you are one of the very few "gurus" I follow closely.
Thanks, Joel!
Rather refreshing comments.These internet business models that I have been chasing are either scams or made so difficult to follow that you give up after a few days. I think as with everthing there is some good in this industry but I have yet to find them. Just a suggestion show me a business model that I can actually learn don't need to get rich but really does make me some money. Set it up for me and costs me 40.00 dollars per month Will be waiting for your reply
The list of disgusting tactics and tribal conspiracies that most Internet Marketers engage in is much too long for any given blog post. However, here are 5 of my "favorites"....
*Providing testimonials for each other's products when often they have never even SEEN them, much less used them.
* Providing 1/2 truths in sales letters, and promoting it as if it were 100% of the truth.
* Providing fake screen shots of earnings claims
* Coming across as wholesome "aw shucks" kind of people, while they delicately remove your credit card.
* Making promises about the quality of content in a webinar, and then having people sit through a thinly veiled sales pitch.
My bonus: Thinking that everyone on Earth is as stupid as they would like them to be
I hate the bonus wars, especially the effect it can have on smaller affiliates, even if you make the sale.
Imagine you make a sale for a high end product that has a subscription.
A few weeks later that product is offered as a bonus for someth...ing else, including for those that have just purchased the product.
As an affiliate you no longer get paid, yet may still be liable for the bonus you offered, because the person who signed up is still a member.
The product owner still gets paid because they will be paid for the affiliate promotion eventually. They have effectively outsourced their receivables and possibly lengthened the stick rate to at least 1 month past the free period, plus possibly enhanced their cashflow.
The small affiliate has provided a high end customer and has no money to show for it, just liabilities.
This actually happened to me.
The most annoying thing about this is I have had a solution worked out for this for 4 years but just haven't been able to get it funded as it is potentially too complex an issue to present in simple terms to investors.
An interesting post, however much of it is written from your own perspective about the internet marketing or "make money online" market.
Of course that's fine. It's your opinion and that makes your points valid for you.
But, as an outsider looking in, one could find certain "disturbing trends", as you call them, right here on this blog. Depending on who's point of view it is coming from.
For example, you say:
"I've had one foot in this market for the past few years, but I am increasingly dismayed by what I see happening.
I say "one foot" because my products and services are very diverse and most are not in the IM niche."
However, upon entering this blog I am presented with ads for the following products:
Socrates wordpress theme - which helps you make more money
Kontera contentlinks secrets - which is to make more money
12 internet millionaires video - which is to make more money
How to build profitable websites fast - which is to make more money
And your adsense book - helps to make more money
It can be very easy for people to conclude that you have more than "one foot" in this market.
You also talk about the high prices of internet marketing products, as you say:
"And to make matters worse, there seems to be an infatuation with a $1997 price point for new courses and systems."
But then you state:
"when I sell from the platform it is rare for me to charge a price point greater than $997."
This seems to imply that a $997 price point is fine, but $1997 is just somehow out of touch.
Depending on who's point of view, maybe it is. But, from another point of view both may seem ridiculously high.
I'm not saying I disagree with you on many of your points. However there seems to be a backlash going on that I see as a little dangerous.
One of the messages being implied from this backlash is that those guru's are so good at convincing people to part with their money that they prey on the weak minded and desperate just to sell them a bunch of crap or re-hashed material which is already out there or commonly known.
I, myself, have seen and purchased information for a lot of money and then found very similar information online for free. But obviously the person selling the information marketed better in getting the offer in front of me.
There are things in this market that I see going on that cross the line as well. But, everyone's line seems to be a little different.
Dear Joel,
Thanks for talking about internet marketing honestly. I am someone who is very interested in learning about how to make a living online and I would like to do that in an ethical manner. I have observed how those who are successful work and I see the same dedication that it takes to be successful in any field. Unfortunately a lot of people who are either desperate or lazy don't have the time or don't want to take the effort to pursue their career the only way that leads to true success. Others are aware of that attitude and are capatalizing on it. I can't tell you how many offers I have received. I have gotten scammed once but have learned what to look for and to carefully check reviews. Even reviews are dishonest as one affiliate lies about another product that he is not promoting. I think it is possible to be honest and to promote worthwhile products that a person has true experience with and be successful. You are an example of that and there some others that also are. Please continue to be a beacon for those who wish to do the same.
Amen to that! I am glad a marketer with a lot of authority such as yourself finally stood up and said this. It needed to be said and I hope those who needed to hear it most are actually listening.
Well said. Since the days of adam and eve, there were folks who wouldnt waste a mini second to cheat, lie, scam, cajole, hoodwink etc..
my apologies....nobullshitagent.com is not ready.
Bless all.
Joel,
I agree with much of what you've written in this article. I have been selling info products online and on stage for years (sales training, commercial real estate training, and franchises) and have only recently delved into the online marketing world you describe. I thought there might be some ways to enhance what my companies do by studying some of the "successful" online information marketers. I have been appalled at what I've found.
One point you missed in your article is that most of these online offers fully expect 30% to 50% returns. This happens in spite of some complicated return policies. I have been marketing information products for a couple decades and have never had more than a 5% return rate on any product (most have been much less). We offer a simple one-year unconditional guarantee on all our products and we don't get them back. One well-known internet info marketer approached me about marketing to our list. He told me that they were going to hold fifty percent of the commissions for a few months to cover returns, charge-backs, etc. I laughed him out of my office and told him that's not the way we do business.
I am envious of the millions of dollars that some have made in short periods of time, but I am more proud of the fact that I have been around and making great money, teaching great skills, for over two decades. That, to me, is greater success.
Warmly,
Peter Droubay
Salestrainer.com
Top Dogs Commercial Real Estate Training
The Senior's Choice
Thanks Joel.
I'm so glad that you spoke out. I wrote yesterday to a person who launched the next product, promoting scarcity of only 200 copies and in the affiliate area providing the data how much could get made, totally clear that their will be several times 200 copies to be sold.
We arrived at a point where one hardly can believe anything in our IM world. Which is such a shame. Trust lost its values on a lot of corners in the IM world. I'm not yet successful but I know my real problem is that I want to select only an ethical way to move on and often find untruth. If it is the white teeth with the help of photoshop, the false reports or, or or.
Thanks again.
I would like to ask you a question. What do you recommend as the fastest way for somebody to start to make money on the Internet?
Best.. D
Hi Joel,
I'm a newbie, 75 yrs old and trying to make my retirement(?) work, which was working fine until some nitwits figured out how to sell homes on a choose your own mortgage payment basis (like $200.00 a month for a $600k house, no money down, 30yrs to pay). So I figure, since no one will hire a 75yr old, I'll try IM. So far I've been lucky I guess. Only lost about $100.00 before figuring out who to trust.
I've witnessed first hand just about everything you just stated. So how long will it take before IM takes a nose dive if these people aren't some how made to follow a serious code of ethics? Maybe we need to follow the government practice of putting the fox in charge of the chicken coop (banks, oil companies, airlines etc. all get to set their own regulations - until something blows up and congress steps in, sets out to design a better horse and winds up with a camel). Seems like it just goes out the back door and back in the front door. Anyway, thanks a heap. It's about time a little honesty has crept in. You're one of only 3 or 4 people I try to follow anymore, out of all the hash out there.
Russ
Some of what I have written has been taken out of the intended context by a few commenters. I'm just back from vacation and am getting ready to leave for another event, but I will post a follow up to this article and provide greater clarity on the points I am trying to make.
Hey Joel,
Awesome post... I'm so tired of the "Magic Bullet" pitches. "Just copy my easy, full-proof system and make $1 million dollars a day..."
Real businesses take real work, but sadly that's not what sells.
-kenley
THANK YOU!!! I have to say that reading this post was a refreshing confirmation for me. I have sorta been ostracized because I won't treat people like dollar bills. They aren't!
They are people and like you said in this economy many of them are hurting. I know that for myself because I am there and crawling my way out of the financial hole by revamping my business and paying attention to the needs to my niche.
I am so turned off my many big name folks because of the fact that they seem so money hungry and I listen to person after person say how they spent money on a product they learn nothing from. It is usually the $1997 price your mentioned.
I could write a book but I won't. I will say that I am thrilled to read this from you Joel because I know of your stellar reputation and reading this post just confirms it.
I recently wrote my first How To Guide and someone said that I was charging to low. My comment to them is that I want to help the folks who cannot afford the $1997 product, desire to grow their business online but have no online marketing experience. I just want to help not take advantage!
I really liked your post. Thanks and keep up the goo work. John
You raise some good points. I am tired of receiving an offer for a get rich scheme from 5 or 6 different people, all with their endorsements and pretty worthless free bonus offers
Great article Joel. I appreciate your honesty as I am someone new to IM. Your attitude has made you extremely successful and I believe your a role model in this arena. Thanks
A lot of the IM niche is simply an elaborate pyramid scheme.
Someone puts together a 'Make Money Online' product having never made any money online (apart from selling that product) and therefore the only way the readers can really make money is by repacking the info and selling their own make money product.
They will never actually make money outside of that niche.
They might as well be selling a one page ebook saying 'sell this on to another 100 people and that is how you make money online'.
My advice for the newcomers to the industry. If you're buying a product, buy something that focuses on a specific area and make sure the author can prove he/she is an expert. The general 'Make Money Online' guys who prove their worth with paypal screenshots are simply showing you previous sales of the 'Make Money Online' product 99% of the time.
It should be common sense, but if the offer sounds too good. It usually is.
Fair post Joel and good luck with your new lower pricing strategies! ;)
I agree with your point of view here Joel. seems the shysters are crawling out of the woodwork with "must-have' sales campaigns. An interesting thing I've noticed lately is the number of sales campaigns using the "2, 3 or 4 videos + a doc or blueprint followed by the pitch video"; all these coming out since the release of Product Launch Formula 3. Watch enough of these & you wouldn't need to buy PLF 3...n (or whatever # it's up to). These launches all look so much alike you almost only need to watch one & note the product name of the others to know how they'll try to pitch you.
Too much hype & not enough value delivered for my taste.
great post man, for me i have been skiptical geting ebooks online with such amount of money, reason been that almost the the whole product are thesame. i just want your colleagues to understand that whenever someone get a product and the information is helpful,it will be a great honour on his part.
Joel,
I cannot begin to explain how much I agree with every word in this post.
I spoke about this exact same thing the other day, I too have refused to play the back scratching game and probably given up six figures in potential commissions as a result..
I dont care, my credibility is more important and more valuable to me.
I always liked what you do but this sort of post now makes sure I squarely focus my attention on what you are doing.
Credibility like this leads to bigger rewards in the long run.
Thanks for being one of the guys who makes a stand.
The "I make money by teaching others how to make money" is not a new concept, it has been around for a long time. What is relatively new is the internet as a sales medium.
Saturation where there is opportunity is inevitable, but if you take a look of some of the greatest marketers throughout history, their consistent delivery of enormous amounts of value (and entertainment) has led to their long term success. Not selling get rich quick schemes.
I don't see this trend declining any time soon, but it's good that there are others with integrity who refuse to be a part of it and speak out against it.
With this said, i'd like to indroduce you to my new system "How To Make Incredible Amounts Of Money Online, WITHOUT Teaching Others How To Make Money Online".
Get it today for only $1,995.
... Joel, this is well said.
It is disgusting, to see the methods and techniques in use everywhere. Nothing against strategies and tactics to get the message through. Most people are not natural communicators.
But, without a message and a substantial product, it`s just abuse and this: a scam - a very clever scam - and many online marketers do not seem to care. From all the names out there, there might be only two or three, that i would actually allow to promote my software. Most would fail the test of integrity.
I have put the last 6 years of my life in the development of "some" useful software framework, that takes the pain out of the online process. It would have been easy to cash in on some "unfinished parts" ... as Redmond does since its inception. But as you can see, i am still reluctant on any release until it is not "as easy and useful and magic" as it can get - for the novice and seasoned pro, that needs one quality most: reliability.
Thats just the way, i think products and services should be made.
Yours are (usually) good examples ;-)
I (usually) don´t comment to much, but this is worth it.
high 5 and take care
Detlev
Hi Joel
I want to Thank You for pointing this out. You stand for honesty and integrity and that is great on your part. Being enlightened with your article I did send it on to my followers especially for the new people so that they start their Internet careers doing things the right way.
Thanks Again
John
he joel i think that a product with $1000 commission can reveal to customers that your product is over priced.
when internet marking products are given away as a bonus and i paid good money for them does not seem fair or even trustworthory of the seller.
12 August 2010
Thursday
9:20PM
Hello Joel! This is the first time I have made about you
or any of your products. This is over a three year period.
Integrity comes to mind anytime I see an email from you.
Eben is another, though he helps other high scale marketers
hawk an onslaught of products.
Why are so many Stomper Marketers, Frank Corn dogs,
How Wee Swaarz hawking several programs a day at
loyal customers.
It's as though they don't give a damn or want to see their
product succeed. I decided to unsubscribe to many.
What an insult to keep offering product after product
of the same rehashed SEO, Get #1 ranking on Google
with this simple method program.
There are no Gods. Some of the presentations are
downright exceptional. But, then again rehashed
BS.
Your blogs have been enlightening. A great deal
of useful content. Thanks!
Opt out! Don't take the insults of trying to be part
of some sick, slick car salesman/emarketer that
just sold you $1995 worth of material and next
month/week is trying to hawk a joint venture partner's
junk to you for an equal price $$$$$ ! ! !
Unsubscribe! Do what you (internet marketers) do best.
Present your product, present useful and continuous
content, build your brand.
And we are head into an app environment via our
iPads and smart phones.
Appreciate your honesty Joel.
vanquincy@JoelisHonest.com
Just being facetious!
Hi, Joel!!
I really enjoy reading your article. You are so objective in your post that I feel delightful with the reading.
I found you because you are member of the Advertise Space family as a seller space and I'm too. I came to your blog trough them.
I’m really interesting in this new phase of my blogging experience.
I’m trying to make my way to Google No.1 page for my Mobile Monopoly Web Marketing strategies and I’m pretty sure this article series will help me a lot to get there because as soon as possible I will be creating apps for smartphone and other stuff.
As you know there are more thna 5 billion phone registration and this strategies can put you in front of 51 million smartphone customer in the near future.
I hope you can check my blog.
Thanks
I want to Thank You for pointing this out.It giving whole new concept to reduce new price that will make my services sold
Thanks for the great post. I spend a whole lot of time these days deleting affiliate offers--I seem to be on everyone's list. And yes, I'm tired of watching them all tell me how rich they got and how fast they made money. Not many words about the WORK involved. It's hard work and it takes a lot of time to build a business online.
All these offers keep flying at us so fast--there is No Way to keep up with it all. The best advice is to stop pursuing the "shiny objects" as the key to wealth, buckle down, and get to work. Ever if it's wrong at first, you change change it and build on it.
Hi Joel,
I think your post is spot on. These things need to be said and I am glad someone at your level is saying them.
However, aren't you also part of Tony Robbins business coaching program that costs like $30,000 for the seminar - seems like he is also charging more than he needs to...
Another marketer I have found is Curtis Andrew. After joining up with him, I have pretty much deleted all my other crap. He doesn't send you lame offer after lame offer like most of these other guys do. He's a true leader. He has a world class training program at http://internetincomeacademy.com
Cheers!
Shhhhh! Joel Love you.. You're Great!
Joel,
Let me first say I like you. You are the 1st internet marketer I liked but haven't met.Your presence in those early Adsesne videos shines through.
I fully understand your disappointment with the state of the market place, however I completely disagree with a vast amount of point in your post.
The market is the way it is because that is what the "public" want. If they did not want it then there would not be any of it. It is basic demand versus supply. Do I agree it is right? No, but that is life. 50,000 people die EVERY day in Africa from preventable diseases but does that stop anyone going about their day?
Very few people are lucky enough to have the knowledge or expertise or even wisdom to create something 100% new let alone be able to bring it to the market place.
If I spend 6 months or a year of my life on something that is not new; researching,learning, testing, researching more and testing till I can not test any more it does not mean it is worthless. What I am selling is my knowledge, time, understanding, avoiding the mistakes and PROVEN results all condensed in to a product.
How much is that worth?
Well for a start time is priceless!
How much would the "average" person waste knowing the right places to look,doing all the steps, making the mistakes and the all important researching? From my experiences "Joel Bloggs" would take 3 years to construct and implement what I have learned and spend a lot more money, so it is my prerogative to charge what the market will pay.
It is all time versus money.If you want to save 3 years being in the wilderness it is going to cost you $1997!
SIMPLE.
At the end of the day people buy products all the time no matter how much they cost then do nothing with them. On average only 10% of people will use the products they buy. The rest do not even bother with returning the product for a refund! Why defend them? They are showing little or no respect to the effort someone has put in.
Joel, let us get real for a moment. I would love to create a million dollar product and give it away for FREE and it is actually one of my goals. However if I create this wonderful free product and go to my list of JVs saying "Hey guys, got this million dollar product for you, it's totally excellent! Oh and it is for FREE!"
They are hardly going to be jumping for joy. The would be giving me their entire list which they have worked hard for and with nothing in return. Result: No one gets the product.
Now use the same situation but this time the JVs get $1,000. Remember this product is worth a million dollars so asking $1997 is more then a bargain. Result: You sell 10,000 units which in feel good factor terms means you have created 100 millionaires! (10% of the 10,000 people actually use the product).
If I was in your position Joel and had the opportunity to make a "ballpark (figure) of $50,000-$100,000 in commissions" I would take it rather then complaining at the state of the market. I would use that money to help people who need it, like the people dying in Africa rather than spend my energy and time writing a blog in an attempt to "save" people from buying $1997 products that are not up to scratch. ( I would like to note I am 100% sure Joel Comm already contributes greatly to charity and a wealth of good causes.)
Regards,
Jamus McKenna
Thamks Joel. People like you are few out there. happy I came across you.
Excellent post! I suppose someone will soon title a product "How to Make Money-Telling People How to Make Money."
It's so obvious that many of these marketers have teamed together.
Joel, I am grateful to you for your book on making money with Adsense. It literally has impacted my income in a great way.
Joel, RESPECT!!!
I do however believe the tables are turning though. See how these $2,000 sites are closed and then suddenly this and that person is doing a webinar for the said same product. People might be slow to catch on, but they are catching on. That said, I purchased two big ticket items this year and have to say I'm proud to be members of their community. In fact, I'll shout it out, Andy Jenkins (Video Boss) and Mike Koenigs (Main Street Marketing Mike), you ROCK!
Joel - Great post. I especially appreciate the personal information you've included (about being approached to participate in 5 product launches) -- it gives some real traction to your public position.
Ryan
P.S. I found this post through Michel Fortin's post "A Disturbing Trend in Internet Marketing."
Amen.
I'm so glad that more and more people are coming out and speaking about this.
Having learnt about internet marketing through Ed Dale's free course, the 30 Day Challenge, I've been shocked and somewhat bewildered by how much people seem to be prepared to pay for what comes across as snake oil.
I say unsub from the lot and have a quieter, more focused time online.
Boo to the bonus wars.
Boo to overpriced crap.
Boo to IM products where the salespage doesn't even tell you anything about what the product is actually about- just emotive promises that it will make you an overnight millionaire.
Honesty and Integrity rule.
I am amused by the comment:
"I remember hearing one marketer tell me that his job from the stage was to suck as much money out of room as possible. I find that concept disgusting."
I would be interested to hear the context of this sentence. How was it said?, what dialogue surrounded it? The job of a doctor might be to "make someone better" yet there is so much more to it than that. A marketer’s job (I am afraid to say) is often primarily to make money. In your case, you are not a marketer as much as an entrepreneur. You have a brand, a business, integrity etc.
A marketer working for someone else's business or brand however is simply trying to use their time and skills to leverage sales from whatever product or material is available to them within the boundary in which they are allowed to work.
In the case of the person stating the quote, in order to get $$ from the people in the room, you have to give a lot of great content away for free, you have to engage with audience, add value to consumers, listen to customers and this adds value to them which in turn makes them want to purchase your products which in turn support you.
In some ways this comment placed in the right context is far more honest and powerful than someone standing up and pretending to be your friend or that they care about your life and that somehow they are not there to 'make money out of the room' (I am surprised they used the work 'suck' which has negative connotations instead of 'make').
If marketers really cared about the people they market to they would be educating schools, visiting old people in retirement homes and simply being a good friend to people in need.
Anyway a much needed article, just interested in more context about the quote.
Richo
You Go Joel-very valid points.
larry
This is so very true. I don't have a problem with the $1997 price point but if your gonna sell for that much it should be worth that much.
I've purchased courses for $297 that made me a lot more money then most of these $2000 courses.
MassControl was worth $2000 and so was Product Launch Formula. Now List Control was only worth $497 at most. Outsource Force was also worth no more then $497.
But for most people its impossible to charge less then what they think they can get.
If you were selling apples and the apples are only worth a dollar but you know people are willing to pay $10. would you still only charge $1?
Hi joel, I agree totally that there is a lot of overpriced nonsense out there in the realm of internet marketing & on my own site i have only tried to include products that people will find usefull, Plus at the low price of £7 for most of my products i feel i am offering value for money.
I got to see you at the o2 arena in london after having been invited by Andrew Reynolds who's buisness model i am currently studying and currently testing publications to place my ads but as of yet i haven't seemed to find the right one, even my news of the world ad didn't seem to raise any interest and that reached over 8 million copies sold, ????
What i have found myself doing though, & you are my inspiration on this, is i am not promoting so much internet marketing products but am focusing on promoting the making & selling of iphone apps, one particular product by steve jobs who i beleive you know, (free the apps) (thinking drone) as well as the app development guide they are giving away the source code for a live application plus a non disclosure agreement for people to use when they approach a programmer.
This product represents good value for money in todays finacial climate & is priced at an unbelievable figure you'd be crazy not to take the offer.
Thanks for the insight into the industry joel, you are truly unique amongst internet marketers & i hope to see you again one day. All the best!!
You are right. These high priced products are in a way useless for the average guy, it may be good for the person who has a name and money to throw around. It is very difficult to make a single dollar online and you have to pick a niche that is not crowded.
There is a furious battle raging. It is fueled by the need for greed. And, to the victor go the spoils. What's really at stake within this present day Internet Marketing Mania? Simply... trillions of dollars, and billions of lives.
Within five years there will be around two billion human beings, online and interacting.
We are nearly at 1.5 billion today! That's a huge potential market just waiting to be grabbed! It's an absolute opportunistic feeding frenzy; a crusade for POWER. Believe me when I say, that 'those in the know', have already been working very hard, behind the scenes, recruiting every Internet newbie soul that is willing to sell their soul, for the God Almighty Dollar!
Thousands of mindless minions are being unsuspectingly recruited even as you read these words. Millions of subscriber lists have already been accumulated. The War has begun-you were just too distracted to see it happening. Or, to see it coming straight for you!
They know how to get you to do things. They know how to make you decide to go with them. They know how to create a dream for you to share and believe in. They know how to give you everything you have ever wanted. You're getting sleepier and sleepier, listen to my words, listen only to my words....
By first 'hyping' almost every benefit or feature of a product or service, the skilled Internet marketeer creates an intended desire. With compelling emotional copy that uses already proven to work hypnotic'(suggestive) key words and phrases, they then dive in and go for your jugular, and close the sale.
How many ways can someone, a deceptively devious marketeer for example, trigger a reaction within you to 'buy'? Well, is there a limit to your imagination?
What exactly do I mean by 'hyping'? Does it imply or connote misrepresentation? It can, and usually does; even if in some small way. Is it exaggerating? Of course it is! Do you get what they claim? In most cases...NO!
Yes, yes, there are many honest, ethical and considerate marketers out there, but the bottom line is still and will always be the bottom line...money. I don't know if you've noticed lately, but MONEY, and the pursuit of it, has a funny way of changing people.
And, strangely enough, if you deliberately bypass an individuals' innate desires and needs, and trigger instead an emotional reaction, what you get, is an emotionally responsive sale. This elevated emotional state usually does not last. The euphoria soon wears off, and the unsuspecting customer drifts back to earth, uncomfortably aware of their newly purchased possession.
Despite 'buyer’s remorse', most refunds and returns through-out the industry are well below 10%. Unfortunately, most people that purchase these products instead of doing something with their new and unexpected toy, they let it sit, and sit, idly by, and then, do something else, entirely different.
In other words, they didn't use it! They didn't benefit from it, regardless of its many 'hyped' and emotionally charged features. The mood is gone. They can now become easily distracted, once again, by entirely something else, which just 'happens' to trigger an emotional response within them.
Do you see where I am going with this? Who do we blame, the unsuspecting consumer, you, innocently searching for a solution to your problem or condition? Or, the diabolically devious marketeer, armed to the teeth with an arsenal of tricks, techniques, and strategies, that have been designed to wear you down, to deliberately by-pass your true innate desires; and then, to trigger an automatic urge within you, an irresistibly compelling impulse...to buy, buy, buy?
It's not easy to say no! Especially, when they've whipped you up to a frenzy, wanting this product so bad that you can taste it. They even know the right colors to use that soothe or excite, while eliciting a greater, a much greater response rate from you. They also know the exact words, 'hypnotic' key words and phrases, equally designed and proven effective, to get you to want, to only want, what they have to offer. Subliminally seductive, and completely under your radar!
Everything you see, read, and hear on that landing page or website, has all been put together because they work; they get you into a fixed state, where you are receptive and ready to be told what to do next. They've even named it, a “call to action”. This is where you are not asked, but told, to buy their product, and buy it NOW-and usually, before it's too late! At this point, you automatically do what you're told.
Congratulations, you're now a proud new owner of....
With sleight of hand precision they deal you a card from the bottom of the deck. You think you have a chance, you hope you have a chance...for more money, and a better life. But, the deck is stacked, and the deal is dirty. How can you really ever hope to win?
The answer is truly simple. Don't play into their game! Don't play. Hey, but Life is a Game you say, and you need to play something. Well then, I say, play something else instead.
Play something you can truthfully and willingly win at. Without being artificially and emotionally charged into buying something you really don't need or want; or will ever likely use and benefit from.
But, before you can have this truth, you must first recognize and realize what exactly is wrong with this kind of mindless marketing control, and how it just ends up betraying you, and everyone else that's fallen prey to it instead....
If you pay attention, you can truly find out: Who's really in control? Who wants to gain control, and most importantly, how you can protect yourself and your family from this Internet Marketing Mayhem.
Unconsciously, you are being controlled, mindlessly manipulated, and played like a Stradivarius. You owe it to yourself to take a stand. You owe it to yourself to see other ways of getting what you want without getting hurt yourself; and, or hurting other people in the process.
Unscrupulous and deceptively devious marketing practices and practitioners do harm the individual, as well as society. They must be recognized for who they are, and stopped!
Trust your instincts; find out the truth for yourself. Don't continue to be distracted and deluged with promises, offers, and riches beyond your grasp. Come back to reality. Learn to see life as it is!
Some amazing comments throughout. There are even some pointers to follow up on too.
Got to say that we seem to be going round in circles with all these IM fantasists. I'm also sick and tired of reading the same old rubbish coming into my mail box. There are people who are selling and hyping infinitum when you try and pin them down it is all so vague couched in empty long-winded words. All they seem to be beating the drum about is the oodles of riches that they can make at other people's expense.
Interesting points made about how internet marketing has gone south... Seems like the MO of the top marketers is to overpromise and underdeliver and repeat the process over and over again...
I think that the thing that has been lost here is integrity. You touch on that in your Upsell Insanity post that I just finished reading as well.
It would be nice for the guys and gals that work hard to produce their own products or promote quality products to get rewarded. It is admirable that you turned down opportunities that would have lined your pockets in order to stand up for your principals.
Stay the course Joel, and be an inspiration for those of us who are following behind. It is nice to know that it is possible to succeed and still have integrity.
Great article, and well put, Joel.
I've always appreciated your honesty and being out in front of the trends before they even begin.
Since I've followed you - starting at least 4 years ago - you've been out in front of several different areas that ultimately became, and still are, huge.
One being video usage in sales letters and other facets of IM, and two - Twitter. You were one of the first, or perhaps, the first, instructor that I recall who wrote an eBook on what Twitter was, how to use it, and how big it would become. This was way before most people had ever heard of Twitter.
I also remember reading an email of yours several years ago preaching how video was going to soon be the dominant media platform in marketing online. It's clear you were right about both!
I have a comment first, then a question:
I just recently came across the whole Syndicate thing and Salty Droid. I guess Im a little late to the party. However, I always came close to buying some of their $2000 products. But I never did, mainly because the prices were what I thought were way too high.
I have bought two of your products in the past, one was Adsense Secrets(unbelievably informative for I think $97) and another I cant recall off top of my head.
One thing that always turned me off was every time one of the big IM launches came out, I'd get affiliate emails from them all, promoting the same launch. So, I always thought to myself: "don't these guys make money by employing the strategies they teach, or do they just make cash from affiliate commissions on each others products?
To this day, I still wonder. I suppose they have internet businesses other than selling IM info products, most say they do, but I wonder.
Nothing more phony than a guy who has never succeeded at what he's charging money to teach you.
Ok, that's my comment, now for the question...
Since I've never bought any of their "legendary" products (ie. Stompernet, Mass Control, PLF, et al) - Are any of these products actually worth the money? I mean, are they good? Do they render the education they claim to? Or is it just rehashed crap wrapped up in a pretty box with a lot of "social" proof.
All of those guys, for the most part, seem to know what they're talking about. And their sales letters, videos, emails, etc. always appear to be pretty high quality productions.
Like to know your thoughts, or anyone else who's been a customer of the "Syndicate".
Thanks for being real Joel...
Best & be blessed,
Jim
Great Post Joel,
Yes, those big guru IM marketers use really sleazy, slimy and contemptuous marketing tactics.
I ran across The Salty Droid and it made me think RICO if even half the stuff he posts is true.
You know, just like they preach, there really is long-term value in creating a relationship with your customers.
Instead, their hubris and "suck all the money you can out of the herd" mentality probably means the only long-term relationship they will have is with the FBI and the FTC.
"People need real solutions, not another course on making money online from someone who has only made money online selling courses on how to make money online." This point is so true Joel. But the thing is, as long as there are still good money to be made from peddling such products, there will continue to be many more such self-proclaimed gurus pushing their magic-button-get-rich-quick kind of products to unsuspecting newbies. And the way I see it, this is a problem that will be here to stay. Now only if there are more gurus like you who go about educating people on how to be more discerning and to identify quality solutions.
Joel, I respectfully disagree. I purchased a $1997 product over the summer and I have already made my money back plus, it has catapulted me to another level in my business. To me it was worth and yes there were several marketers offering me bonuses for using there affiliate link and I shopped around and picked the best one. I received another product for my purchase what is wrong with that? It makes the competition fierce. I can't compete with most of those guys as an affiliate, plus IM isn't my niche so I don't plan on trying. I think that if they make a product they have the right to ask what they want. If they price it high they are aiming at successful people who can afford it and they are not aiming at opportunity seekers who just are after the next big thing. Sure there are some crooks out there, but all of these big name guys as far as I can tell are offering quality information, it is just up to the people to get off of their behind and use the info. I mean there is always going to be those guys who are manipulating, however in the end it is like a fan whatever they are throwing out will eventually blow back on them.
Dear Joel,
Again, nice article covering guidelines on proper marketing ethics. I have read all 3 inter related articles, inclusive of "The Dark Side of Internet Marketing" and "The Long Form Sales Letter. I think, true intention to provide valuable service to the customers should be the key value for everyone involved in marketing. This is key item that I am learning from your 3 articles.
Have a nice day.
Regards,
Devan
A great read. I find it staggereing that nearly all of the courses being offered drive newbies to the same old saturated niches. There is still much untouched territory for those who are willing to diversify and play the long game. Long standing success is usually the result of hard work and a customer focused business model. Sadly, many people are in and out of I.M without ever realising the true value of what they have learned. This is largely down to those individuals described above and is bad for all of us.
Totally agreed to your analysis - if this so-called experts are making that much of a million then they should not be in the business of selling ridiculous packages or softwares, which many do not even work properly! Shame on these guys...
Very well said! If only more people were willing to stand up and speak out maybe the trend would change!
It's time to bring integrity and true value back!
How more people don't see straight through these 'get rich schemes' is incredible. They devalue themselves before you leave the sales page with their 'wait, before you go...' pop up messages offering you the same product at a fraction of the original price!
Oh I agree with the statement no one gets rich quick method. Just as the write ups says that we get rich overnight? It's not true, you have to work on it just like the others because if it's true, I know they wouldn't share it with everybody.
I guess some people will always be drawn toward get rich now type of scheme
Have to agree with Joel, I feel that there are alot of people out there that think just by building a website or two "they'll make million of dollars". Unfortunately this isn't the case for 99.9% of us.
The key factors to real internet marketing success are passion and authority. Almost always, passionate marketers will succeed over money-obsessed ones. And with authority comes the trust of search engines and users. When search engines trust you, they'll reward you with higher ranking than competitor websites. And when people trust you, they'll buy from you.