June 22nd, 2017 | By Tom Woods
I was an unusual kid. (We know, Woods, we know.)
I was a Beatles fan in the 1980s. I knew no other Beatles fans my age.
I went to a Beatles convention when I was about 10, and I met Pete Best, the drummer who was eventually replaced by Ringo Starr, just as the band was about to achieve massive success.
“You must have wanted to kill yourself,” I once heard a radio host say to him.
Earlier this week I saw a Beatles tribute band called Liverpool Legends. They were excellent. They had the music down, yes, but also the singing voices, the speaking voices, the mannerisms, the sense of humor, the stage presence, everything.
I found out a little about them, and it turns out they’ve played to audiences of as many as 100,000.
Then tonight I ran into them in a bar. (I’m on a cruise ship at the moment.) I bought them all a drink, and wound up striking up a conversation with Marty Scott, the guy who plays George Harrison.
It turns out he’s a former bond trader [!] who decided the stress was going to kill him, so as a lifelong musician he jumped at the chance to become a Beatle, so to speak. He asked for a copy of Meltdown, my book on the financial crisis. My kind of Beatle.
Naturally I started thinking about the business angle. These guys have found themselves a niche, all right: Beatles fans.
And it’s a niche not just anyone can enter. You need all the qualities I mentioned at the beginning.
So that’s great for them: less competition.
Not good for you: you want niches you can enter without needing unusual talents.
If you want to earn dough online, you need a niche. A good one.
Identifying good niches, then dominating them, is what Mark Ling has specialized in for 18 years.
He’s going to give you 20 niche ideas, plus a way to identify hundreds more, in a live session I’ve arranged for you.
If you’ve been reading these and figuring you won’t go, please reconsider. Literally nothing is more important to your success than niche selection.
And we’re donating $5 to Antiwar.com for every live attendee, so I hope to see you there:
June 19th, 2017 | By Tom Woods
I got my Ph.D. at Columbia University. I thought it was a lunatic asylum then.
Over the weekend I received this. It’s intended as a fundraising letter, if you can believe it.
Headline: You make innovative research possible, Dr. Woods!
Here’s the “innovative research”:
“My upbringing in Long Island, in a mostly white community, created a sheltered vision of what hip-hop culture is. As I entered college, I was suddenly confronted with my own identity, driving me to learn more about issues of race, class, and gender within the culture that has taught me so much.
“At the Graduate School of Arts and Sciences, my research could transcend traditional academic boundaries. My master’s was in American Studies, and my coursework spanned many departments as I examined the hip-hop cipher, or freestyle rap circle, as a means to communicate the values of the hip-hop community: education, politics, social norms, and ambitions.”
That was Ediz Ozelkan, Class of 2017 convocation speaker.
So you left graduate school an expert on “hip-hop culture”?
Ain’t nobody got time for that.
And of course, if you’re looking to support yourself in reasonable comfort, I wouldn’t recommend that.
Meanwhile, tons of people with no college degree at all, much less a doctorate, have figured out: if I pick a good niche and really learn my audience, I can absolutely clean up online.
Mark Ling, a successful online businessman for 18 years, knows how to do this. I’ve been learning from him myself for nearly two years.
He’s doing a free, private demonstration for my readers. And for every person who attends, $5 will be donated to Antiwar.com.
So grab your seat:
June 16th, 2017 | By Tom Woods
A guy in the telecom industry recently grew tired not just of telemarketers in general but of scammers in particular — people who try get sensitive financial information, or even your money, from you.
So he created a series of bots, each with its own personality, who can trick these people into thinking they’re speaking to real human beings, and thereby tie them up for extended periods of time.
I interviewed him for The Tom Woods Show; the episode will air next week.
A brilliant idea, going after people nobody likes. I doubt even telemarketers themselves enjoy doing what they do.
Thankfully, there’s no need to do cold-call telemarketing anymore. Once you’ve identified a niche you’d like to enter, there are plenty of ways online to track down eager buyers without ever having to pick up the phone. (What is this, after all, 1977?) It’s not rocket science, and it’s not the hideous misery of cold calling.
Mark Ling has prospered online in niches like music education, health, the Paleo diet, personal development, and more. And he hasn’t had to pick up the phone once.
He spends 80% of his time doing what he teaches, and 20% of his time teaching what he does. (Oh, and he’s a gazillionaire.)
By all accounts, he’s one of the good guys. He’s the Robert Higgs of Internet marketing, for my libertarian readers — someone who’s somehow liked by everyone and all factions.
He’s recorded a nice video overview of what he does — which is, in essence, what all successful online folks do. Mark just happens to be a monster at it:
June 11th, 2017 | By Tom Woods
About six months ago my mentor Ben Settle, an expert on email marketing, asked people in his private Facebook group: out of curiosity, how many of you can legitimately say that your workday is finished once you’ve sent out one email?
He’s not saying you wouldn’t want to work on other projects, or whatever, after sending that email. But strictly speaking, can what you do online survive and flourish even if all you do every day is send out one email to your email list?
I don’t remember exactly how many people answered yes. But whatever the precise number was, it would shock you.
I know people whose email lists are so responsive that all they have to do is click SEND and serious dough starts showing up in their PayPal accounts.
“The money is in the list,” the saying goes.
That means your greatest asset as an online earner is going to be a list of email addresses from people who have voluntarily opted in to receive regular correspondence from you.
So how do you get a list?
Just asking for an email address without giving something away in return rarely works. The usual way is to create some product you can give away for free in exchange for the person’s email address.
But writing an eBook or coming up with some other kind of giveaway to build an email list sounds like a lot of work. So it sits on your to-do list, and never gets crossed off.
That doesn’t make you a bad person.
It does mean your progress is going to be slow.
So you’re going to thank me for telling you about the neat method I’ve been using to build my email list at my Happy Earner site.
It truly is the lazy man’s approach:
June 10th, 2017 | By Tom Woods
I told you I’m on vacation in Massachusetts. Well….
We spent six solid hours yesterday at one of my favorite places in the world: Boda Borg, in Malden, Massachusetts.
There you’ll find sixteen or so quests, each with two to four rooms. You walk in without knowing what the heck you’re supposed to do. If you solve the task of the first room of your quest you advance to the next room(s), until that quest is complete.
In one quest you and your partners are rats, and need to think like rats to succeed. In another, you’re in a haunted house and have to pacify a creepy baby. In another, you’re in a war zone and must pass through without getting killed.
Our favorite: Alcatraz.
You’re in a jail cell. How to get out? The answer involves crawling, climbing, teamwork, and above all, avoiding detection.
Seriously, though, half the fun is having no idea what’s expected of you when you begin each quest.
That’s not so true when you’re trying to make a living, or at least build up another income stream. Having no clue what to do is pretty crummy, and not fun in the slightest.
Hence the beauty of YourProfitStore, a newbie-friendly piece of software that creates your very own online store in literally 60 seconds, and even gives you a running start by populating that store with four software programs you’re given the rights to sell and keep all the revenue from.
As an optional upsell, you get more software to add to your store every month.
And because this is 2017, the price of this idiot-proof software is less than what you’d pay for a steak dinner.
But the price leaps up at midnight, so climb and crawl your way over to the link: