Selasa, 05 Juni 2012

How I Lost Just Over $13,000 On Two Bad Internet Marketing Investments

Looking back now, I see this has a great lesson learned. But at the time, both of these investments killed me and really hurt me financially. I want to share this story with you because there are some important lessons in it.

Each of these issues had to do with personal mentoring which is a pretty big business in the online business world. There are tons of companies that offer mentorship services for big money.

I say stay away at all costs!

Being A Victim of Fraud Through Mentorship

The first time this happened to me, I met a guy in West Virginia. I wish I could remember his name (I think his first name was Gary), but I have not seen him around in a long time. I am sure he got revealed for the absolute snake he was.

Here’s what happened to me.

He was going to help me with an affiliate website and building a list. Our main source of traffic was SEO. And this was supposed to be completely one-on-one.

I was really new at the time and this all sounded great. I thought with his help I could shortcut the learning curve and succeed faster.

I PayPaled him just over $5,000. After that he talked with me twice and then just stopped answering his phone and email. I should have gone to PayPal, but I was clueless at the time.

I did see a lawyer, but he told me that it’s not worth it unless it was over $10,000 as the costs would be about the same as what was stolen.

I was pissed, but I was still determined to succeed.

Being A Victim of A Popular Guru

A popular guru Kevin Wilke of Nitro Marketing made a course for beginners to help them get their businesses up and running.

To his credit, the course was great and really helpful (. However, being young and naive, I was sold on the super expenrive $9,000 personal one-on-one mentoring that goes with the course.

Again I was determined to succeed so I thought what the hell. After all this was through a bigger company so they had to be legit.

Wrong!

It started out great with my guy Mark. They hired a consulting company to do the one-on-one mentoring. That was problem number one… these guys didn’t have businesses themselves. They were employees so they just said what was in the book.

My guy, Mark, missed a few meetings and we spent a lot of time on concept. I think the program was 3 months long, maybe 4… but either way, we never got to marketing. I had no real issue getting a website up.

I wanted help on the typical things that most beginners want help with… traffic generation.

So when our time when up, they just dropped me like a sack of $@^#.

I never heard from them again and all that after putting in $9,000.

So What Are The Lessons?

Lesson 1: You Are Your Own Best Teacher

Get dirty. Just get in there and start doing things. You are going to waist money making stupid mistakes and there is always going to be a learning curve. Get into it as fast as possible and make the errors… you will never learn more.

Lesson 2: No Mentor Can Weave Magic

I thought that the mentor would mean automatic success. No mentor can do that for you. It’s always going to come down to you and the actions you take.

No matter what you hear out there, it takes hard work to be successful. But that hard work is a ton of fun because seeing results from your actions is amazing.

Lesson 3: It Takes Time

It still took me about a year and a half of making my own dumb errors before I really started to make consistent money.

Realize that it will take time. And realistically, I am talking about 4 to 6 months of hard work to build a solid income. When you really think about that, that is not long at all.

I hope this story helped and let me know if you have any questions.



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