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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What Are The Fundamentals Of An Internet Business And How Are They Going To Help?

When you are building an Internet business, it’s very easy to get bogged down with all the different options and really how slow things can move. For example, you start to build links and a month and a half later you are not on the first page. If it’s your first project, it can make you want to give up.

That is why knowing the fundamentals is so important and can help you so much. You have to keep remembering what you are doing and what you are doing it for and you should be able to get through one more day.

Fundamental 1: A Website

This is a pretty easy fundamental to have. Of course you need a website to attract people and make them do what you want them to do. This could be to sign up for a list or to have them click on a link… whatever the case maybe.

It’s very easy to get your website up and with a little bit of training, you can be very proficient at it.

If you want to get this type of training for free them I suggest you sign up for my Money Maker Report. This is a newsletter and an access to my training hub.

Click here to sign up for it!

Fundamental 2: An Offer

You need an offer which is something to offer to your visitors. This could be anything again… an affiliate product, an actual product of just to sign up for a newsletter list.

A good example is the offer I just made to you to join my newsletter list. I told you that I have a free training for WordPress and a lot more great information. If you join my newsletter list then you can get free access to this info. That is an offer.

The way you give your offer is something you can test and optimize pretty easily. With some software, you can test different ways to make the offer and find one that does much better than anything else.

Here is When I Get Interested In Testing

I like to wait until I am consistently getting at least 100 visitors a day to the page then I will think about testing. You want your stats to be statistically meaningful.

You always want to work really hard on getting traffic which brings us to the last fundamental.

Fundamental 3: Traffic

Getting traffic to your website is vital. When I build a website, I typically will not worry too much about making different things their best until I get the traffic. Once I bust my booty to get the traffic and I see what the most popular pieces of content are, I will then rework those pieces of content to be better.

When it comes to getting traffic, there are all sorts of things you can do. You can build links for some SEO traffic, use paid traffic, use YouTube, podcasting, and so much more.

You can even go offline with your traffic generation. Using post cards or little ads in magazines or newspapers is a great way to get traffic to your site. In fact it can be one way that has very little direct competition.

Now Remember What You Are Working For

Now all you have to do is remember what income level you are working for. Always remember that once you hit it, you can change it and make it bigger. But have an income level to hit.

Always remember this and have a life that you want to chase. This stuff works to help you get the things finish daily that you need to do.

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Best Internet Marketing Courses To Get Yourself Started On The Right Foot

Wow when I think back to when I first got started, I immediately think of all the time spend going from one business to the next. From one course to the next, from one guru to the next.

I know it’s hard and you’ve heard it before, but if you can stick to one course and see it through until you’re earning money, you will be so much better off. Plus you’ll save huge amounts of money.

With that said, what is the best Internet marketing course to get your started that will also meet these two conditions:

Gives you the best chance of success and seeing actual moneyAllows you the shortest amount of time to see those revenues

The Business Model That Is Perfect For You As A Beginner

There is no question in my mind that the best model for you getting started with Internet marketing and business building affiliate marketing. But not just affiliate marketing, you need to build rock solid, helpful niche websites to sell these products.

This is the best model because…

You’ll master using WordPress and building a great siteYou’ll learn about aged domain names and jump starting against your competitionYou’ll learn about list building and writing good copy to help inspire actionYou’ll find great markets that convert well so you can create products.

Here Are The Best Internet Marketing Courses For This Business Model

Number 1: The Internet Marketing Advantage

I can’t tell you enough how great of a value this membership is. It’s run by Steve Clayton who made a great course called Commission Blueprint. This site is where he gives you access to all his teaching, all his courses, and all his tools.

The tools themselves are more than worth it, but you also have a great forum where you can learn a lot. I personally work with many of the forum members to help my business and visa versa.

It has paid off big time and I have been an active member for over two years. It’s huge!

Click here to learn more about it.

Number 2: Rank and Pillage

I am not a fan of the name at all, but the course and the concept behind this course is exactly what I explained above. It works because I have used and follow this course. I not only follow what I learned in this course to help sell affiliate products, but I use it to help market my own products too.

It’s all about building the niche sites, but what is really great is it’s updated for the new way Google treats websites. These days to get free traffic, you have to make something more useful to the end user.

This course simply gives you a step-by-step path to follow. Follow it and you’ll do amazing.

They will try to up-sell you on all sorts of stuff like private coaching and things like that. You don’t need it… just buckle down and work the system.

Click here to learn more.

Number 3: No Number Three

I really don’t have a number three. Those two above will give you more than you can ever hope for to start making money. When I finally broke through, I just followed one course and make a hard promise to myself that I will do something each day to move my business forward.

Well it worked huge!

The only other thing I’ll leave you with is a tool that I use daily to help build links to my sites. It’s called Build My Rank.

I use a few others but what is really great about this one is the fact that your links get indexed.

Click here to check it out, but it works and all my rankings have improved since I started posting to it daily.

My Final Word Of Caution And Motivation

Take action each day and resist the temptations and bright lights of other gurus. Soon you’ll start seeing great results. Then you will get to a point where you don’t care about any course because you’re addicted to taking big time action.

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