Internet Marketing Speed

Domaining looks exciting. Amazing. Its inter how domains are like real estate. Some blue chip and some duds. The blue chip are pure gold. Can’t wait until Fast Web Formula 2 to hear Kenny speak in person.

The beauty of supply and demand…

…domains become more scarce and the prices go up.

I like the sound of this business model.

Domaining is intriguing – and definitely addictive!
Kenny makes a good point re the GFC and that we can probably anticipate a different business climate online after that lifts…
James- if ANYONE can make something of viraltraffic3.info- its you!
Great advice re the .org purchase at the same time as .com as well James..
FWF2 will be an eye opener for all those that have that ’starter’ mentality!
Bring it ON!

Agree with you enthusiasm re Domain names and also I am enthused about the need to marry that direction with the social networks worldwide. Of course you are right re owning your own business. Nothing like a cubicle mentality to destroy any potential success.
The challenge is to get away from the narrow and highly disastrous Old School MLM methods. Have a look here: – http://peter-n-shirley.net/?site=VMichaelF
We are now in over 150 countries and over 50 languages and still expanding strongly with people looking for any online top business opportunities.

I think all MLM sucks. The system survives to feed the system not the people. Another example of total lack of control. MLM people are mostly lunatics and the evangelical behavior they often possess is scary as hell. Freedom for me is NOT having to use someone else s system but creating my own systems. Just my opinion.

Amen to the MLM comment! Once again, you hit it dead on!

Whats the difference between MLM and affiliate marketing ? James, just look at the right hand side of your blog here. Are you saying you don’t get paid for advertising Market Samaria etc ? Its all leverage – Hmmm, I looking forward to your reply, thats if you don’t delete this comment.

I don’t know why you think I would delete your comment Barry… Hm let me see. Affiliate marketing revolves around a product that has typically one layer and sometime two of commissions. We recommend the product because we like the product and also we get paid when someone buys it. We are not preaching to the prospect that they too can sell the product and get rich.

MLM is flawed because the focus shifts too heavily from the product to the opportunity of being able to make money from selling the product. This results in a continual wave of zealots selling the dream.
“Nearly all MLM companies selling health-related products exaggerate their value, and the vast majority of people who become distributors do not make significant income” – http://www.mlmwatch.org

In fact I just love this article called “Ten Big Lies of Multi-Level Marking” – http://www.mlmwatch.org/01General/10lies.html Well worth a read.

By the way, If you do want to find great keywords, I recommend Market Samurai. In fact, I promoted it well before I ever had an affiliate link because it is that good.

Thank you for your quick reply. It is possible that Internet Marketers exaggerate their income You said, “We are not preaching to the prospect that they too can sell the product and get rich” What about all those so called “IM: with sales pages exposing how good there product/s are. I feel at the end of the day, if the product adds valve to a persons life, and they are happy doing so, well good on them and god bless. I see alot of similarities between IM & MLM. Are all MLM companies the same… Which industry is the best.

It is true there are ratbags in every industry from politics to banking etc…. The main distinction is this, affiliate marketing is a one or two level sales structure so the product or service being promoted has to stand on its own merits. In MLM often the sales is usually (not always) far more about the PROCESS and opportunity than the product or service. In MLM the ‘product” is really the “MLM scheme” thats what is wrong with it. If you are a skilled Internet marketer you can set up a business with a high degree of success and freedom without having to pimp and commercialize your friends!

James, you re a IM, so well done and you have a large database which you sell products too. I wish you all the best. I feel its best to leave the decision of which industry is best up to the individual. Take Care and God Bless

It is always up to the individual! I don’t sell products – I solve problems with valuable solutions.

I went to a free seminar where James talks and was impressed by his integrity. His focus is on sharing great resources and concepts, many of which are free and powerful. He certainly doesn’t pimp products and has spent seven years in a corporate job studying this stuff before moving out of the corporate world. He thrives on helping businesses and products that have enormous potential gain the attention they deserve. I already knew about Market Samurai before I went. Luckily I got it when it was relatively cheap. Why wouldn’t you recommend something that is so brilliant. The development team come from Melbourne.

An IM with ethic’s and integrity. This is great to see. MS, is an awesome product, we all should promote local product n service.

Agreed – I love the fact that MS is an Aussie company AND they are world class!

I’ve heard from some of my domaining buddies that in 2010 the prices are starting to go back up after the dip from 2008 and 2009 so I’d agree it’s a good time to start buying domains (or buying more).

I prefer to focus on buying generic names that are search terms and then trying to build the site that ranks for that term.

great business model Chris. Great to hear form you again.

I’m buying searched for key phrases, local business specific domains plus brandables. Brandables are great for selling products and establishing a little business.

I’m one of those goofy domainers, as Domain Face’s webpage calls us. Yes, it’s easy to get sucked in – the typical new domain addict….I mean investor…buys names like crazy and doesn’t stop until renewal fees roll around a year later. Take it slow until you know what works.

But after a year of hearing buyers complaints (“Gee, you’re getting $400 for a domain that probably cost you $10-what a racket!”) I took some of my domains that didn’t sell and put up 3 page minisites. Well, one domain that I was told I would be way lucky to get $100 for now makes that much each month on adsense alone. I realized it was the buyers who were making the killing – they just didn’t know it.

So I am big on domains, and think they will really take off when people wake up to their value. In the meantime I’m buying. And I think the best buying days are yet to come – wait until the other shoes drops on the economy. Great names will be had for cheap – if you have the money. And that’s why I’m here….

Hi James, Money can be made in many industries. Multi-Level-Marketing (MLM) is no exception. To see how it is possible, one should speak to those that are successful.

In the same way that Internet Marketing is NOT about the website, Multi-Level-Marketing is NOT about the products.

Many IMers and MLMers do not make any significant money and they either quit, or look for a new opportunity. Those people do not invest in THEMSELVES nor do they work on their mindset.

Both groups share the common approach of attracting prospects by promising “make zillions with your computer”,
and in both cases to achieve 7 figure results one has to be extraordinary and do extraordinary things.

Is it true to say that out of the 100’s of your students only a small percentage (say 5% to 10%) are achieving any significant results in IM?

Those figures are pretty standard for any industry where the payments are only commission based.

Cheers
PS As for MLM watch…Do we truly know who they are? Why do they need to ask for donations?

actually my beef with MLM is exactly what you said – it is not about the products – when in fact it should be.

Hi James,

I totally agree with you on that point. People sell the opportunity instead of the products, and most do it BADLY.

I am coming to your Fast Web Formula II conference specifically to learn how to market the products I am promoting to the general public on line.

Once I learn that, I can implement that strategy for my top leaders, and thus acquire the leverage of greater sales.

Thus I am eagerly looking forward to FWF2!

awesome Robert – you will be a marketing ninja with the ability to get good valuable solutions in front of more people.