How to lose money online.
52This is what I have learned so far.
You need to be particularly wary of the type of service that will offer to take
you step by step through a guaranteed process of setting you up to make easy money online.
This is how most of these sites operate:
1. They direct you to a domain or website provider and have you create a domain
name and a website.
2. They make it easy for you to become an affiliate for products and services
of providers that they have previously made deals with.
3. For a nominal monthly fee they offer to advertise your website on google,
msn and yahoo in order to direct traffic to your site.
4. When you don't see the returns you were expecting on your investment they
tell you it's because you need to advertise more.
5. They direct you to more services and affiliates which they claim will make
you more money and make your site more profitable and successful.
What is the end result of all this?
You guessed it. The only one making money is them.
They received 50-75% commission on the website you purchased, they have your
monthly fee to advertise the site for you (which you have no way to verify),
they have received a finders fee from every affiliate program they have
convinced you to become a member of, and they will get an extra commission
every time you do sell a product or service from one of these affiliates.
When all is said and done it really doesn't matter to them (though they claim
otherwise) if you are successful or not. You have already achieved your
usefulness by simply following their directions. Each one of us that buys into one of these offers makes the
program provider at least $50-$100. If a thousand people sign up they just made
a $100,000.00.
The fastest way to get rich is at the expense of others, as it always has been.
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