Five Minutes With Jack Ramblings Of An Insane Internet Marketer

April 2, 2012

Episode-101- How Greed Prevents the Building of Wealth

Filed under: Podcast — Tags: , , , , — JackSpirko @ 6:28 pm
Greed In Fact Does Not Create Wealth

Greed In Fact Does Not Create Wealth

I love the TV show The Simpsons (at least I did for years, I feel it has run its course now) and one of my favorite characters is Montgomery Burns, the classic evil and greedy rich man.  While such characterizations may make great TV cartoons, they don’t really express reality.   The truth is very few greedy people every become wealthy.  That doesn’t mean there are no greedy people who are wealthy.  What it does mean is people operating on a greed based dynamic seldom create and more importantly maintain real wealth.

Greed isn’t something that one expresses or doesn’t express based on what they have.  Greed is expressed in the desire to have what someone else has, not something like they have but an actual desire to gain at the expense of another person.  Such people generally see others as greedy based on fallacious projections.  They worry about what the restaurant paid for their steak instead of realizing the quality of the product on the plate.  These people are the ones who “have a great idea but are afraid someone will steal it”.  They are the ones that make 2 dollars selling a hard copy book vs. 12 dollars per unit selling and ebook because they fear people giving it away.

Let’s look at the last one just to see how reverse greed repels profit and wealth.  Let’s say you sell a hard copy book for 12 dollars and your cost is 10 you make two dollars a book.  Now let’s say you sell 5000 books in a year that way you just made 10,000 dollars.  Now let’s say you sell 50% as many as an ebook because as you feared each buyer gave away one copy and they gave it to someone that was going to buy it in the first place.  The reality is the odds of this are longer then winning the lottery but let’s go worst case and say it happens.

  • Scenario One – 5,000 books x a 2 dollar profit = 10,000 dollars in profit
  • Scenario Two – 2,500 books x 11 dollars in profit (1 dollar for the merchant fees) = 27,500 dollars in profit

So even if the worst case scenario occurred here the profit is 275% higher.  You would think the “greedy person” would sniff out this profit but the reality is greed is inherently self damning and self limiting, tune in today for more.

Discuss this Episode at TheRoadTo100K.com

 

January 11, 2012

Episode-68- What is Money and Are you Repelling It?

Filed under: Podcast — Tags: , , , — JackSpirko @ 7:40 pm

Do you know what money is?  Most people think they do but let me tell you squarely that most people have NO FRICKEN CLUE what money really is.  Worse most people not only don’t what money is, the are actually actively repelling it from their lives, this includes many people with “high incomes”.

Don’t believe me?  This 15 minute episode could very well shake you to the core of what you think you know, what you think you believe and even as to why building a passive income steam is so important.  I am going to warn you the last 5 minutes of today’s show truely will live up to being, “the ramblings of an insane entrepreneur”.  However, let me say it is so damn important to understand.  Most people never realize the shocking truth, they don’t just hate the wealthy and those who have money, which is bad enough.  No, they actually hate money and repel wealth.

I am going to tell you why today, it may be difficult to accept but trust me when I tell you, it is what really happens in the lives of most people and why even high earners seldom have real wealth.

Discuss Episode 68 at The Road to 100K Forums

November 16, 2011

Episode-44- Monitizing a Website With Multiple Income Streams

So I got a lot of requests on this topic in the past few days.  I keep telling you not to build your primary income streams on third party systems such as AdWords or Amazon, it is fine to make some money with them but the core of your revenue should be some form of direct sales.  One listener in particular owns a website called, Forgotten Weapons.  This listener has been generating tons of good content and now gets 30,000-60,000 visitors a month and is kind of stuck in a “where do I go from here mode”.  Listen today as I explain some ideas for monetizing this website.

I am happy to do this with any website as long as it has good quality and consistent content on it and has built up a reasonable amount of traffic.  The key though is after you hear today’s show you should pretty much be able to look at any site and do it for yourself.

Make no mistake this is a DEEP topic and we will cover many areas of it both with direct and third party revenue, both areas have a place.  I am sure not about to send Amazon.com their checks back, so I am not bashing third parties just pointing out how critical it is to build direct income streams and not be dependent upon a third party who can change the rules on you.

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