Getting Started - Part 1
I know you're all itching to make or lose money over the internet. The internet holds an entire range of products which you can make money off, from High Yield Investment Programs (commonly known as HYIPs), Auto-Surfs, Doublers and Cyclers to MLMs and other affiliate programs.
Personally I'm more of an autosurf guy, so most of this site would be about autosurf programs. I do dabble once in a while with HYIPs, but the turnover there is too quick for me.
Generally one needs to keep in mind that most, if not all such programs (HYIPs and autosurfs) are gambles. You'd often hear people saying that 95% of such programs are scams. That is more or less the truth, although there isn't any quantitative study that will verify it (nor should you be foolish enough to attempt to do one just to disprove me). IMO, all of them will close at some point in time. 99% will close faster than their anticipated shelf life. The other 1% doesn't ever get off the ground for whatever reasons.
Here are a few guidelines championed by veterans on the internet, and some of my own. Some make sense to me some don't, just as some will make sense to you and some wouldn't. There are no hard and fast rules here.
1. Never put in more than you can afford to lose.
This is probably one of the best 'rules' out there. Unfortunately, not enough people follow this rule. This is pretty evident when a program fails, and you see the number of people who whine about it. Learn to write off your losses and move on. Of course if you have the means to go after the scammers, do it. Justice would be the best deterrent, unfortunately the long arms of the law haven't reached this arena yet.
Remember this is mostly a gamble. You shouldn't be wagering your house on it. No one is going to stop you if you do, but you're strongly encouraged not to.
2. Diversify.
Sounds like a good suggestion on the surface. You're going to hear this being trumpeted alot, by everyone, everywhere. The truth is widespread diversification is going to hurt more than it's going to save you, or at least that's my take on it. The fundamental reasoning behind diversification is a sound one. In fact it makes a whole lot of sense. I do it with my programs, but I like to take on programs with different genres.
The whole idea of diversification is that if a program fails, you'd still have alot of others to fall back on. Unfortunately, many don't understand is that many programs piggy-back on others, especially the more popular programs. So if the big brother falls, chances are many of the other siblings it carries on it's shoulder will fall too.
Another thing I've found out is that if you find a gem, and you're heavily diversified, chances are you wouldn't be able to take the opportunity. Remember, this is a high risk arena, if you lose the opportunity in a program, chances are you wouldn't find it again.
3. Money Management
This is something I'm pretty into when I view a site. It almost always determines whether I join a site or not. I always look out if the adminstrator or the owner has sound plans. Sure once in a while you get conned by honey-coated words, but most of the time a serious owner would have serious plans.
An example would be:
If a program offers stormpay, it better be netiba certified to reduce the fees received. If the owner doesn't have this, chances are the owner is not interested in reducing fees incurred. And it shows how serious he is about his own site. Or more importantly, how serious he is with our money.
Most of the time such things are not as clear cut as the above example. Many times you have to use your own discretion and judgement.
4. Patience.
This is probably going to be contradictory to what's been mentioned in point 2. Many times we rush into programs and live to regret it later. Take a bit of time to do abit of research. Visit the forums and see what others have to say about it.
There is always the temptation to play the quick-in-quick-out game. I do that myself sometimes, and sometimes it's profitable. However with some programs you need to look at the long term view. Quick profits may not give the best profits.
The other point to note is that if you feel that you've lost an opportunity, don't go chasing it. Exercise a bit of patience. Another opportunity will eventually present itself.
5. Due Dilligence (DD).
This is probably the most over-rate piece of crap championed by the foolish and the ignorant. How many times do we need to be fooled by false pretense to finally stop wasting our time on this? Most programs are gambles and should be treated that way.
Half the people out there can't do a good DD. The other half can't make heads of tails out of it. Simply looking at the whois information or calling and talking to a voice over the telephone is not DD. It puts your mind at ease, but does little to the fact your money is still at risk.
At the end of the day, trust your own instincts. Use abit of common sense and read between the lines. Visit various forums and see what others have to say about it. Remember, a badly done DD is more harmful to your bank account than no DD done at all.
6. Stick to your guns.
Everyone has an opinion, but not everyone is right. I'm wrong pretty much as often as I'm right, so you should take whatever I write/wrote with a heavy pinch of salt. The important thing here is to stick to your guns. Don't get easily swayed by some charlatan over the net to part with your money.
Do not grow too attached to any program. Very often we'd find ourselves growing a sense of attachment to a program for whatever reasons. It will cloud our judgement and more than often cause us to deviate from our initial plans for that program. You may end up putting in more money into that program than you had initially envisioned.
The bottomline is have a plan and try to stick to it. It may not always work out the way you plan it to be, but it gives you an objective in the long run. You can always modify it to suit your needs. Hopefully at the end of the day you can see some positive results. You'd also know where you stand in this program. On a bigger picture, you'd also see where you stand in this industry and if it suits you.
Conclusion
At the end of the day, you determine what you should and should not do. You determine your own strategies and goals. Spend time reading, and don't be to quick to follow others. Everyone has a vested interest when they give you opinions. Learn to read between the lines. Keep your long terms goals in mind while you try out programs. Exercise flexibility in the short term, since most programs do not last. Remember, most of the time you're making a calculated gamble, and not all the time you will come out the winner.
Personally I'm more of an autosurf guy, so most of this site would be about autosurf programs. I do dabble once in a while with HYIPs, but the turnover there is too quick for me.
Generally one needs to keep in mind that most, if not all such programs (HYIPs and autosurfs) are gambles. You'd often hear people saying that 95% of such programs are scams. That is more or less the truth, although there isn't any quantitative study that will verify it (nor should you be foolish enough to attempt to do one just to disprove me). IMO, all of them will close at some point in time. 99% will close faster than their anticipated shelf life. The other 1% doesn't ever get off the ground for whatever reasons.
Here are a few guidelines championed by veterans on the internet, and some of my own. Some make sense to me some don't, just as some will make sense to you and some wouldn't. There are no hard and fast rules here.
1. Never put in more than you can afford to lose.
This is probably one of the best 'rules' out there. Unfortunately, not enough people follow this rule. This is pretty evident when a program fails, and you see the number of people who whine about it. Learn to write off your losses and move on. Of course if you have the means to go after the scammers, do it. Justice would be the best deterrent, unfortunately the long arms of the law haven't reached this arena yet.
Remember this is mostly a gamble. You shouldn't be wagering your house on it. No one is going to stop you if you do, but you're strongly encouraged not to.
2. Diversify.
Sounds like a good suggestion on the surface. You're going to hear this being trumpeted alot, by everyone, everywhere. The truth is widespread diversification is going to hurt more than it's going to save you, or at least that's my take on it. The fundamental reasoning behind diversification is a sound one. In fact it makes a whole lot of sense. I do it with my programs, but I like to take on programs with different genres.
The whole idea of diversification is that if a program fails, you'd still have alot of others to fall back on. Unfortunately, many don't understand is that many programs piggy-back on others, especially the more popular programs. So if the big brother falls, chances are many of the other siblings it carries on it's shoulder will fall too.
Another thing I've found out is that if you find a gem, and you're heavily diversified, chances are you wouldn't be able to take the opportunity. Remember, this is a high risk arena, if you lose the opportunity in a program, chances are you wouldn't find it again.
3. Money Management
This is something I'm pretty into when I view a site. It almost always determines whether I join a site or not. I always look out if the adminstrator or the owner has sound plans. Sure once in a while you get conned by honey-coated words, but most of the time a serious owner would have serious plans.
An example would be:
If a program offers stormpay, it better be netiba certified to reduce the fees received. If the owner doesn't have this, chances are the owner is not interested in reducing fees incurred. And it shows how serious he is about his own site. Or more importantly, how serious he is with our money.
Most of the time such things are not as clear cut as the above example. Many times you have to use your own discretion and judgement.
4. Patience.
This is probably going to be contradictory to what's been mentioned in point 2. Many times we rush into programs and live to regret it later. Take a bit of time to do abit of research. Visit the forums and see what others have to say about it.
There is always the temptation to play the quick-in-quick-out game. I do that myself sometimes, and sometimes it's profitable. However with some programs you need to look at the long term view. Quick profits may not give the best profits.
The other point to note is that if you feel that you've lost an opportunity, don't go chasing it. Exercise a bit of patience. Another opportunity will eventually present itself.
5. Due Dilligence (DD).
This is probably the most over-rate piece of crap championed by the foolish and the ignorant. How many times do we need to be fooled by false pretense to finally stop wasting our time on this? Most programs are gambles and should be treated that way.
Half the people out there can't do a good DD. The other half can't make heads of tails out of it. Simply looking at the whois information or calling and talking to a voice over the telephone is not DD. It puts your mind at ease, but does little to the fact your money is still at risk.
At the end of the day, trust your own instincts. Use abit of common sense and read between the lines. Visit various forums and see what others have to say about it. Remember, a badly done DD is more harmful to your bank account than no DD done at all.
6. Stick to your guns.
Everyone has an opinion, but not everyone is right. I'm wrong pretty much as often as I'm right, so you should take whatever I write/wrote with a heavy pinch of salt. The important thing here is to stick to your guns. Don't get easily swayed by some charlatan over the net to part with your money.
Do not grow too attached to any program. Very often we'd find ourselves growing a sense of attachment to a program for whatever reasons. It will cloud our judgement and more than often cause us to deviate from our initial plans for that program. You may end up putting in more money into that program than you had initially envisioned.
The bottomline is have a plan and try to stick to it. It may not always work out the way you plan it to be, but it gives you an objective in the long run. You can always modify it to suit your needs. Hopefully at the end of the day you can see some positive results. You'd also know where you stand in this program. On a bigger picture, you'd also see where you stand in this industry and if it suits you.
Conclusion
At the end of the day, you determine what you should and should not do. You determine your own strategies and goals. Spend time reading, and don't be to quick to follow others. Everyone has a vested interest when they give you opinions. Learn to read between the lines. Keep your long terms goals in mind while you try out programs. Exercise flexibility in the short term, since most programs do not last. Remember, most of the time you're making a calculated gamble, and not all the time you will come out the winner.
posted by spectre at 4:13:00 PM
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