Back to the working world...

I think one lesson to be learnt is that, there were only 3% who were successfully brokering traffic, and who are still brokering traffic successfully.

Problem is that several of smarter "picks and shovel makers and traders" created some services and products that gave an easy way out to thousands of n00bs who never ever built links by hand, who never ever went through the task of creating their own Ad Copy (self written or outsourced), did any statistical analysis other than maybe some split testing to weed out non profitable campaigns (which is not even testing), or researched keywords (and no I am not talking about researching for EMDs)..

So for the wannabe publishers, they started outsourcing some content, trolled BST, bought a scrapebox copy and went into business.
And for the wannabe AMs, they copied other's adcopy and LP and went into business.

What else do you expect?
Just look at the questions being asked even by people who have been in the business a few years..

Just look at the case studies and the broad sweeping statements being made.

Some people have learnt. Some just refuses to learn.. and only focuses on what is working right now.. and then copy it as is. No wonder, when the slap came, everybody was slapped.

The industry is slightly maturing and is just ridding itself of the misfits.

So much better for the 3%...
The industry maybe maturing, but it still has a huge potential for growth.
OKTHXBYE
 
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Oh well, the more people give up, the more money for me. In fact I hope everone believes that IM is dead.
 
dchuk said:
I think one lesson to be learned here is that brokering traffic (whether it's SEO or PPC or whatever) isn't actually an asset, especially not something self sustaining. You need more than the traffic, you need something with value.
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Or simply valuable traffic :) But generally I agree it's more than only shooting over the hits.
 
This is the market's way of clearing out those who do not provide something others value and are willing to pay for (not merely with cash, but with rankings, clicks, likes, attention, etc.).

No offense meant to OP. The market is without emotion. It is why entrepreneurs have to continuously strive to find ways to provide more value than the next guy.
 
avatar33 said:
There's absolutely nothing wrong with having a job. It'll actually help you raise some capital to start your own projects on the side.
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That's exactly what Im doing. Nothing like being able to put 100% of your profits back into your business knowing that you have a 2nd revenue stream that can support your life.
 
CLKeenan said:
That's exactly what Im doing. Nothing like being able to put 100% of your profits back into your business knowing that you have a 2nd revenue stream that can support your life.
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Yeah, that's cool but you need to know how to outsource, because every time you work 2 hours on your business I have worked 10. But correct, I would get a job if I was starting out as well. I just sell SEO on the side to pay the bills.
 
Nothing wrong with working for a living, glad you're not one of those guys with such a spectacular fear of failure they sell their rainbows-and-unicorns delusions to "clients" so they can bill somebody else for braindead shit that doesn't work.
 
avatar33 said:
I see that the recent Google updates fucked a lot of people.

I'm just wondering how Lukep is surviving with his MFA business model. There's no way his network of sites hasn't been hit by Panda.
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His politics and minset would make him a popular bartender at every American Legion I've been to in the Midwest, and that's no small number, except they generally threaten to expatriate to Mexico, Panama, or Costa Rica.
 
faceblogger said:
I am in my grad school. IM has always been my part time I don't want to make it as my full time either. I always enjoy my professional career - Right now it is Research and Teaching as a graduate assistant. Will try to become a professor in the end as I like teaching and research. Life is doing what we like to do!

I keep on increasing the number of websites and increase the level of money I make, it is growing with time just simply with little effort! My VA handles most of my IM part and it makes it even easier!

So still you can automate and continue your IM while doing a full time job!
Click to expand...

as a professor youll neither teach nor research. All youll do is manage researchers and students.
 
wayn3 said:
as a professor youll neither teach nor research. All youll do is manage researchers and students.
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Yep.That's what I literally want to do. For the general world it world appear that professor is the one who is doing the research!

Currently my professor is managing me and a few others, just like that I will do the same if I choose to become a professor.
 
Nice little honest thread in WF for a change.

I was looking for a dev job from about last Summer as well but couldn't get one. I was doing programming work on oDesk for a while which was shite. Was doing Magento and iPhone/Android apps on the side and it slowly took off. Now I've got a nice little client business going, every idiot seems to want a mobile app these days and e-commerce dev always pays well.

Some people hate client work but I like it, get to travel around the country a bit for meetings and get out of the office here.
 
A good lesson for everyone from this post. Be careful to start with the right steps at the right place.

Step 1.
Begin working for others, make important experience in a team, save every penny;

Step 2.
Profit your experience, your professional and social skills and become entrepreneur;
 
Why is this refreshing?

The first two words from the OP are "shit happens".
He goes on to say how his online business has failed, and he's
going back to work for someone else.

No matter what way you spin it, that's failure.

Now, not everyone can succeed, and I'm not down on the OP,
I hope it works out for him, hope he enjoys it.

But to say it's refreshing?
 
I think there are 2 options when you're struggling to make ends meet with your IM efforts:

1- Get a job
2- Move to a country where you can live off less than $1000 a month (South America and Asia are full of them)

I think most of us would go for #2 (unless you have commitments such as kids, sick parents, big debts, etc...)
 
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