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FIB - Scams 101 - Ye Olde Archives
Posted By: Mel. White In Response To: Opinions on this biz op please?? (MaaMaw)
Monday, 25 April 2005, at 6:29 a.m.
BTW, the link now points to some sort of forum and not a "crash course."
Here's the link to the "crash course:
http://www.ymforums.com/viewtopic.php?t=10642
> I read it fast, and "payment plans" always befuddle me.
Red Flag #1. This means they can play any sorts of games with your cash and you probably can't figure out if it's fair or not. "Three Card Monty" shell game? Who knows... but notice that the type of businesses we discuss here have a very simple model -- I sell product, the profit ALL comes to me minus the costs of my materials.
> Whadya think?
* We've seen the "pay the reader to read ads" model before (remember? Lots of folks here got involved in the "they pay us to surf" biz about 5 years ago. Went belly up within 6 months in spite of the fact that a lot of fairly heavy hitters were doing it.
* The ads are going to be posted on the YMMSS site. Not on Google, not on CNN, not on FIB, etc. On the YMMSS site. Color me thrilled. So in the case of one of my upcoming projects (small press minicomic) I can pay $10 to have my ad appear there for one day and if I convince others to join after 18 months (maybe) I will get $300. Orrrr... I can buy space in convention program books (highly targeted advertising) at conventions where I'll be attending for $10-$100/page. Previous experience shows that this strategy can double my table sales so that the same wekend I spend that money, I get it all back plus a whole lot more. If I bring along my business card with a URL, then the cards plus the ad will increase my sales at ALL comic book conventions I attend for the next 3 months.
There are highly effective places to advertise. FIB gets a gazillion more hits than YMMSS does.
Methinks this is a "no brainer."
* The ads are not targeted to a particular demographic (beyond people who want to surf in to be paid for clicking.)
* I know that "reading clicks" translate to "people leaping to find something cheap and quick and they will surf to earn but they won't buy." Remember? That's what crashed the other model (remember? A bunch of us predicted this.)
* People go to a site if there's attractive and sticky content or if it's selling something they SPECIFICALLY want/need.
"Changing Cycle Times" http://www.workathomenetwork.com/scam-or-not-updates.htm In the comic book and putlishing industry and other industries, the ONLY time a cycle of payment changes is if the company doesn't have enough revenue. And this is a sign of a business going belly up.
* I also don't see any ads up. Now... it would take me about an hour to toss an ad up on my own website and link to it through a sigfile. That's free, I don't pay anyone for anything, and I don't have to wait and have it appear for only one day.
I could go on, but I honestly see no reason to waste money and effort. Remmeber what Cory says... you need your OWN product and you need to put your own ads in targeted locations (I don't know if he said that, but I keep saying that.)
I think that if someone wants to join it, they should. But frankly you'd do better spending that money on lunch or putting it in a savings account.
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