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Re:Make Money Online: Documenting 10 Years of Failure by josefresco on Friday March 20, 2015 @11:29AM (#9238294)
Like many, I was tempted into these same areas - driven by success stories and my own technical knowledge which fooled me into thinking it would be "easy".

What I found is there's lot of money to be made in... telling people how to make money! Those guys like Shoemaker who have an almost cult following end up making an empire on those in the "pyramid" below them.

Not to say this is shady, just that the real "riches" are in charging people to tell then how ... not in actually practicing what you preach.

Re:Make Money Online: Documenting 10 Years of Failure by hackerboos on Friday March 20, 2015 @12:24PM (#9238614)
To be honest, HN is full of this stuff too

- Double your freelancing

- Guys who create a not-very-well-known startup and then start pushing guides on how to be successful

- Email marketing, write 3 tutorials on topic X to build your list and then spam your ebook.

Don't get me wrong, things are better targeted and less shady. It just feels like people spend more time selling their systems than they do using them. It looks like 'snake oil'.

Re:Make Money Online: Documenting 10 Years of Failure by mootothemax on Friday March 20, 2015 @12:34PM (#9238672)
To be honest, HN is full of this stuff too

Agreed, and some of it (as you mention) is quite ingeniously marketed as well, e.g. pushing a load of free content that occasionally suggests using a certain SaaS app as part of the success strategy.

It just feels like people spend more time selling their systems than they do using them. It looks like 'snake oil'.

I'm not sure that it's always snake oil exactly, more that it's simply easier for these people to make their money training others, especially compared to making money with the systems they're pushing.

Re:Make Money Online: Documenting 10 Years of Failure by smacktoward on Friday March 20, 2015 @04:35PM (#9240518)
There will always be a market for selling people messages that they desperately want to hear.
Re:Make Money Online: Documenting 10 Years of Failure by jacquesm on Friday March 20, 2015 @01:15PM (#9238979)
First you sell the stuff you mine from the ground, then you sell shovels to the miners, then you hire the miners and make them dig stuff out of the ground for you that you sell.

The final stage is selling miners to other mining companies.

Re:Make Money Online: Documenting 10 Years of Failure by kolinko on Saturday March 21, 2015 @07:53AM (#9242492)
The final stage is selling stuff that helps people sell miners to other mining companies.
Re:Make Money Online: Documenting 10 Years of Failure by sebkomianos on Saturday March 21, 2015 @10:42AM (#9242832)
The final stage is actually owning the mines.
Re:Make Money Online: Documenting 10 Years of Failure by droidist2 on Sunday March 22, 2015 @01:33PM (#9247561)
And then selling the mines when they stop producing so much.
Re:Make Money Online: Documenting 10 Years of Failure by egypturnash on Friday March 20, 2015 @08:54PM (#9241489)
This is starting to sound like an incremental game.
Re:Make Money Online: Documenting 10 Years of Failure by graeme on Friday March 20, 2015 @03:07PM (#9239989)
The first and the third work though. The first is from Brennan Dunn. Haven't seen him on here in a bit, but I used his program. Really helped improve my tutoring business.

I've actually had to tell some freelancers I use to RAISE their rates, because they were too busy and frazzled. The kind of advice in Brennan's book is something a lot of freelancers need.

The third is probably Patrick Mckenzie. He advice helped me create an email course that is very popular on my site. It's not spam if you write good stuff and people ask for it.

Everyone on my list explicitly signs up to get an email course, and I get tons of excited emails from happy users.

That stuff is popular on Hacker News because a big percent of the audience here genuinely needs help with those problems.

(I agree that the second one can be an issue, if they actually lack expertise. On the other hand, lots of startups are good even though I've never heard of them. It all depends at what level you're giving advice. If you're giving advice about a solo business, you don't need to have founded Facebook)

Re:Make Money Online: Documenting 10 Years of Failure by simonebrunozzi on Friday March 20, 2015 @11:47AM (#9238388)
I like to say that gold rushes make the showel sellers rich, not the gold seekers.
Re:Make Money Online: Documenting 10 Years of Failure by rjm226 on Saturday March 21, 2015 @12:24AM (#9241841)
Levi's
Re:Make Money Online: Documenting 10 Years of Failure by gadders on Friday March 20, 2015 @12:49PM (#9238758)
Ramit Sethi does this as well. An info product on how to see info products...
Re:Make Money Online: Documenting 10 Years of Failure by SonicSoul on Friday March 20, 2015 @03:38PM (#9240201)
He is an amazing speaker and an even better marketer. But every time I get lulled into signing up for his newsletter I have to unsubscribe after a few months because the amount of self promoting fud is unbearable. But even he admitted that a lot of his readers skip straight to the "buy" link because they like him so much, so I guess the ratio of value to promotion can shift noticeably once you have the audience
Re:Make Money Online: Documenting 10 Years of Failure by beachstartup on Friday March 20, 2015 @11:36AM (#9238325)
in norcal tech lingo it's called "selling shovels to the miners".
Re:Make Money Online: Documenting 10 Years of Failure by butwhy on Friday March 20, 2015 @11:35AM (#9238321)
I disagree. He probably makes a bit of cash on that but he has a lot of case studies that show legitimate success. He's the kind of guy who explains exactly how he did it as well.
Re:Make Money Online: Documenting 10 Years of Failure by josefresco on Friday March 20, 2015 @03:44PM (#9240241)
Yes Shoemaker does both well - however beyond the superstars, there's a huge network of "how to make money online" websites/people whos income dwarfs those who are actually practicing the concepts.
Re:Make Money Online: Documenting 10 Years of Failure by timepiece on Friday March 20, 2015 @12:16PM (#9238572)
This always disturbs me that only a handful people make it big such as Shoemaker while the rest of the population sample barely make ends meet.

I don't know if this has anything to do with some obscure physical law like these phenomenons that best described by a normal/Gaussian distribution or just explained by the probability theory (read: sheer luck) and the success ratio of this magnitude in these "games" or life in general is very slim and thus people should not get that excited to imitate them or feel down and dejected if they don't.

Certainly, wealth and power distribution on Earth is one of these life mysteries that kept and will keep puzzling humans for a long time to come.

Re:Make Money Online: Documenting 10 Years of Failure by kokey on Friday March 20, 2015 @12:35PM (#9238678)
Have you read The Black Swan yet? If you haven't, it sounds like you might enjoy it.
Re:Make Money Online: Documenting 10 Years of Failure by pjonesdotca on Friday March 20, 2015 @04:12PM (#9240411)
Taleb has said before (it could have been in 'Black Swan') that focusing just on the successful massively distorts the reality of the curve. So much so that it would be more important to study as many of the failures than and all but ignore the successes.