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So he's making $10k a month, and his trick, he says, is to have "high-quality, exceptional quality" content. But he does not write this content himself; rather,
by GuiA 9y ago
So he's making $10k a month, and his trick, he says, is to have "high-quality, exceptional quality" content. But he does not write this content himself; rather, he pays $700 to "an expert copywriter in my niche [...] (he's a superstar)".
Seems like the real trick is to find someone talented but unaware of how much money they can generate on their own, and use their work to make money.
Now clearly, he's adding value, since that writer alone wouldn't know how to turn their writing into $10k a month. But I wonder if that writer is aware that their work is generating that much, and that they're only seeing 7% of it.
- gnaritas 9y ago> Seems like the real trick is to find someone talented but unaware of how much money they can generate on their own, and use their work to make money. That's the basis of capitalism in a nutshell.
- nmridul 9y agoThis is like, make the product and they will come. Making the product is only a small part of the equation. The other aspects (promotion, choosing right niche etc) are most overlooked...
- justinjlynn 9y agoThe core tenant of getting ahead massively in a capitalist society -- arbitrage. Exploitation of inequality of knowledge and/or opportunity is always a faster ticket to success than actually producing anything of value.
- ice109 9y ago>tenant tenet
- cal5k 9y agoA true capitalist would make them pay rent!
- soineuh 9y agoNo, baby, we're talking about collecting rent.
- Godel_unicode 9y agoYou're going to get downvoted, but not by me. This one drives me crazy.
- justinjlynn 9y agoCorrect you are. Cheers.
- seibelj 9y agoAh yes, but the more arbitrage exists, the higher the incentive for another entity to learn and exploit it. The first guy cuts it in half, the next by a quarter, and so on, until normal profits emerge. Being ahead of the curve has a bonus, but it can't last forever in usual circumstances. I think the real core tenet of capitalism is specialization - it is impossible for everyone to know everything. Mix multiple services into one, package it in a way that is ideal for a certain consumer, and the "arbitrage" is really just another word for convenience.
- quadrangle 9y ago> the real core tenet of capitalism is specialization That sounds like someone living in a world where "capitalism" is the dominant propaganda meme. Capitalism isn't based on specialization, it's based on private ownership of core resources and infrastructure. All other economic systems have specialization. You're just noticing that specialization is key to human prosperity and wording your point within the baseless assumption that capitalism is synonymous with prosperity or something.
- krisdol 9y agoMy company makes a profit because it pays me less than the value my labor creates.
- Swizec 9y agoo/ I'm one of those schmucks hired to generate content for $600/pop. My thing is React Native. (http://reactnative.school http://reactnative.school) But it's fun and it helps my own brand too. Plus it's an excuse to learn cool shit. Building a new app every 2 weeks is fun :)
- afuchs 9y agoThis is called information asymmetry [1], in the general case when one party to a transaction knows more than the other participants. [1] https://en.wikipedia.org/wiki/Information_asymmetry https://en.wikipedia.org/wiki/Information_asymmetry
- vatotemking 9y agoIm guessing, its probably a Filipino copywriter and $700 is worth a lot in pesos. Its a high-end rate for copywriters. Win win for both of them.
- booleandilemma 9y agoClassic Jobs/Woz relationship.
- e59d134d 9y agoIsn't that how everything works? For each employee, my company makes x10 the average salary.
- swalsh 9y agoNot really, he is paying for good quality content. But the content itself is not what is making the money. The traffic reading the content is where the revenue is generated. His trick to generating traffic is to pay for high-quality content, and then he executes an SEO link building campaign, and pay for some advertising. Unless the writer also wants to do the SEO part, and also pay for ads, his writing is kind of worthless. If you've ever tried to execute a link building campaign, you'd quickly realize it's VERY difficult.
- csomar 9y agoThe trick usually can't be told. I used to make money with adsense writing "high quality blog posts". The trick was to pingback Google own blogs, and when I do, they add a link to my blog post just right below their blog post. This would drive high quality traffic (probably because these users are already signed up to google and get targeted ads). The trick now is no longer of use, and I did this like 6 or 7 years ago. So now I'm sharing it. I've been involved in the SEO industry from when it was young, and I'd make a 9.5/10 bet that this guy is doing something grey/black hat to generate that kind of volume/conversion/money. Those who doesn't use grey/black hat tricks have probably built a page rank valuable enough. You can't rebuild that virtual SEO estate in a couple days, maybe a few 3 or 4 years of hard work and maintenance. So you are back at square one when you need money today.