Nov 12 2007
Would You Give Away Money?
Understandably, this notion may sound selfish, but if you were the coach of a team and had a great play, you would definitely not let anybody know until you brought it out. This is almost the same idea, in that you do not want to let other people know your most effective ways you are making money (if they are truly making you a lot of money) until you have gotten what you wanted out of it. For instance, if you find a way to advertise at extremely low rates, and you are converting like crazy, keep it to yourself until somebody else finds this and this market becomes saturated. Then, and only then, is when you should give people tips. I am sure that some people do not feel this way, but if you are honestly interested in making as much money as you can, this is one of the methods you are most likely going to use.
This Is Ridiculous
I would definitely agree in many cases. However, there are certain times when it would be most intelligent to keep this information to yourself. If you are in a market that is doing well, but it is already pretty saturated, you should be able to disclose information to other people without affecting your earnings much. However, if you have penetrated the market (you are among the first to enter) it would be very wise to keep doing what you are doing and try to disclose as little information as possible.
There are numbers of people out there who agree that if they would have only kept their mouth shut, they would have made exponentially more money. Instead, they got trigger happy and had to tell other people how they were making money, and unfortunately, everyone jumped on the bandwagon to get a piece of the pie.
How Can I Tell When To Disclose Information?
This is more of a personal question than anything, but if your earnings are steadily declining and you have not done much, if anything, to change your scheme, then it is probably a time to find a new market. On the other hand, if you feel like being nice and do not want to feel “selfish” by keeping these great ideas to yourself, then feel free to let people know. The only thing that will happen by doing that, is a more diverse market, and you will potentially lose money because of it.
Please do not get me wrong… I am not telling you to bottle up and never explain to anybody how you make money online (after all, that is what I am trying to do for you all), but be intelligent. Like I explained earlier… if you have a trick play coming in during the last minute of the game, would you rather tell the other team so they can prepare, to catch them by surprise?
Catch the market by surprise… milk it for all it’s worth, and then cash out and find a new market. Unfortunately, finding a new market to penetrate is one of the most difficult things to do. If you can though, run with it.
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It will depends on what methods of money making that I am using. If it is an affiliate scheme, of course the more people joining in and getting guides from me will be the best.
If it is something like a $2000 paid posts opportunity which will have a limit after several people grabs it, of course I will not publishing about this any where until I grabbed the paid posts opportunity myself.
This is sometimes like a personal inner conflict but if you think that you have no wrong in making the decision, don’t keep yourself busy thinking about it. Go ahead and just do it.
Yep. It was more of an informative piece to let people think about what they would do given the situation.
Thanks for the input.