August 17th, 2018 | By Tom Woods
I’ve shared some of them with you, on both of my email lists.
They’re rude, they’re bizarre, they’re off the wall.
One person said she would report me to the President of the United States because I had a private Facebook group that people have to pay to enter.
I’m sure that’ll be Trump’s #1 priority.
Now how about one from a normal person?
I received this last week:
“I will give you money every month till the day I die. The spirit of capitalism that you have awakened in me has taken me to over a million views on my guitar lessons, and I am a professional marketer to boot. I am also building a retail company with a friend that is seeing GREAT success because of the marketing classes you pointed me to.”
Two things to note:
(1) “Music teacher” isn’t exactly a field you expect wildly fantastic results from — and yet this guy, a longtime listener who takes my advice, is doing it.
(2) He points to marketing resources I’ve recommended as helping to accelerate his success.
What this means:
If you also want a revenue-generating site like this guy — and who doesn’t? — you’ll progress faster, and hate yourself less, if you learn from people who have been there and done that, than if you meander around endlessly on your own.
Most people meander.
And then fail.
Step one to not failing: read this free report by Sara Young and Andrew Hansen, which will introduce you to a whole new world, and will get you thinking in productive and exciting ways: http://www.happyearner.com/sarareport
However, don’t register for their Monday webinar, which they mention in there.
Register for the Tuesday one at the link below, where I’ll be on the call with you (and I’ll be giving away $200 to each of five random live attendees):
August 15th, 2018 | By Tom Woods
For background: the Austrian School of economics speaks of time preference: we prefer a good in the present to the same quantity of that good in the future.
Now here’s the puzzle.
(If it goes over your head, just skip to the end. But try.)
How does the existence of finite prices for land help demonstrate the existence of time preference?
I’ll give you a hint, in the form of a question:
Why aren’t land prices infinite? Land yields a return year after year in perpetuity, so why isn’t its price the sum of these returns, stretched out across its useful life (which in this case is infinity)?
OK, go think about it.
Here’s the answer.
Let’s say the land yields a $10,000 return every year, starting with its first yield tomorrow. You’d be willing to pay just about $10,000 for the yield in that time period. But would you pay $10,000 for its $10,000 yield a year from now?
No. You’d pay maybe $9000 or $9500, because a $10,000 yield a year from now involves waiting, and is therefore worth less to you.
What would you pay for a $10,000 yield coming two years from now? Maybe $8700?
So when you sum up all the yields, you’re adding smaller and smaller numbers for each succeeding year until you get so far out in time that you value the yield for that year at virtually zero, and the land price therefore settles on a finite number.
If you didn’t have time preference, you’d value all the time periods equally, at $10,000, so the price would be the infinite sum of those yields.
But you do have time preference, so land has a finite price.
Why this matters:
Suppose you have a website that earns $1000 per month. You may think that’s small potatoes. But you can often sell a site like that for 30X monthly earnings — which means you have a $30,000 asset on your hands.
No, it won’t be an infinite price — investors don’t value every succeeding month of revenue equally, as our puzzle reminded us — but it sure makes that $1K/mo site seem a lot nicer.
How to build a site like that, around a subject you love (so it’ll be like a fun hobby rather than drudgery)?
July 31st, 2018 | By Tom Woods
As you may have heard, the great Michael Malice was the “mystery speaker” at this year’s Mises University, the Mises Institute’s week-long summer program for students.
I’ve never seen anything like it.
First, he had Institute president Jeff Deist take a sealed envelope and remove the introduction letter inside, which he had never seen before, and which he was to read to the audience without any prior knowledge of what it contained.
That letter — which had the audience in stitches — then led to the three-minute introductory video Michael had created to build up to his appearance on stage.
The video was a cross between madness and genius.
I have never seen anyone make an entrance like that.
As he spoke, nobody was looking at the clock. He had the audience eating out of the palm of his hand. An extraordinary thing to observe.
Unfortunately, the talk will not be released to the public. (On my podcast at some point I’ll be announcing the next best thing.)
If you’re like most people, you’d be satisfied just to survive a public speaking gig. You wouldn’t be trying to wow people quite like that.
And same goes for your online business.
Someday you’ll have lots of bells and whistles. Right now you just want to earn a few affiliate commissions and get your share of the pie.
I hear you.
Here’s how to do it.
Watch this free course from an excellent teacher (my friend Charles Harper) on stuff that you wouldn’t be here if you didn’t want to learn.
Last chance to grab:
July 30th, 2018 | By Tom Woods
No sweeping generalities here. Here, step by step, is what you as an aspiring online earner should do.
(One error: when I start discussing sites where you can find affiliate products, I say JVZoo specializes in affiliate marketing products, when I meant to say Internet marketing products.)
The key tool you need is Builderall, since it has everything you’ll want under one roof: a website builder, an optin page builder, a mobile app builder, an email marketing service, a webinar platform, and a ton more. And all for less than what I pay every month for just my email service alone.
Also: you don’t have to try to get half a dozen separate platforms to integrate with each other.
During the brief launch period it’s available for about one steak dinner a month:
July 26th, 2018 | By Tom Woods
Today I have a free gift for you, and I strongly urge you to take me up on it.
It’s a 25-video series on the specific steps you need to take and areas you need to master in order to start an online business, even if you just want to earn a little affiliate income here and there.
From what I’ve seen, Charles Harper, your teacher, knows everything there is to know about online business and income generation. (He’s also a fan of the Mises Institute, so you know he’s a good guy.)
You will learn a lot from this. Definitely go get it (and remember, it costs nothing):
P.S. As if this free video series weren’t enough, Charles offers you the right to bundle these videos up and sell them as your own product, or integrate them into a more extensive product, or whatever else you’d like to do with them.
July 17th, 2018 | By Tom Woods
These people make me crazy.
A democratic socialist on Twitter writes:
“Remember, babes, there’s nothing moral about work, and you have basic human rights to food, water, shelter, and health care (among other things) whether or not you work.”
There are scores of things wrong with that statement, but here’s the key one. If there’s nothing moral about work, and we all decide simply to loaf around and exercise our “rights” to shelter and health care, who’s going to provide the shelter and health care that we supposedly have a right to?
How can I exercise a “right” to something that doesn’t exist?
And if we can’t all exercise this “right” at once, how can it be a natural right that belongs by nature to all of us?
In fact, work is profoundly moral, and it involves providing people with things they want.
And if you aren’t just fooling yourself and you really do want an online business, you will need to sell something.
Creating something to sell sounds like a lot of work.
But what if I found you three in-demand things that you can get the rights to sell as your own, and keep all the profits?
Would that not make your online income stream project 100 times easier?
(Some of my best-selling stuff consists of products I bought the resell rights to, as opposed to products I created myself.)
You can have your own business by today.
Check it out:
July 16th, 2018 | By Tom Woods
Last week I sent my email list an unintentionally cryptic message. I told people to do something on Tuesday the 16th.
Tuesday is the 17th, as many of you kind folks wrote to tell me!
But it turns out I was kind of right.
You can do the thing I urged you to do on both days.
That thing was this:
Start that blog you know you should start.
Bluehost is celebrating its birthday, and for this fleeting moment my folks are getting web hosting for the ridiculous pittance of $2.65 per month.
So if you’ve been meaning to take the plunge, why not do it now?
Plus, I’ll help get you visitors, and that’s the hardest part of a new site.
Here’s the link:
And here are my bonuses (plus my step-by-step overview video of how to get started in five minutes):
July 12th, 2018 | By Tom Woods
I just read a report about the 2018 Libertarian National Convention in New Orleans.
The author wrote:
“Woods is arguably the most divisive figure alive in the modern libertarian movement. To his supporters, he is the ideological linchpin that sets the standard for libertarian pedagogy. For many in this room, his podcast The Tom Woods Show has been an inspirational guideline that provides a historical roadmap to the libertarian movement dating back to the beginning of our country. To his detractors, Woods is a firebrand with a murky past and he received a cold shoulder from the LP leadership who have attacked him in the past for what they perceive to be Woods’ more conservative philosophies.”
A few thoughts here.
For one thing, I never set out to be “the most divisive figure.” (I’m not even sure the claim is true, but let’s accept it for the sake of argument.) That’s dumb, and wouldn’t work anyway.
But this title isn’t anything I’d want to run away from, that’s for sure.
It means my ideas get talked about.
It means my name gets repeated again and again.
It means people seek out my books and podcast episodes to find out what the fuss is about.
When I was promoting The Politically Incorrect Guide to American History years ago, the TV spot that got me the most sales wasn’t the interview I did on MSNBC with Pat Buchanan. It was the argument I had with Alan Colmes on FOX News.
Conflict gets people’s attention. It makes them takes sides. And when they take sides, they cheer for their side.
You build a devoted following.
Meanwhile, there’s a milquetoast think-tank head who doesn’t like me. He gives boring speeches than offend no one. (Except Nazis. He’s really bold, so he’s summoned his courage to oppose…Nazis. So there are 544 people in the U.S. who would be repelled by the guy.)
Result: nobody would cross the street to hear this guy speak, which is why he speaks only at conferences with captive audiences.
I know which one of us I’d rather be.
Yes, you can try to be Oprah and appeal to the whole world. But then, you’re competing with the whole world.
Or, you can be you — unapologetically you — and build up raving followers in some niche. Depending on the niche you may take some abuse, too, but just get a thick skin.
In other words: pick an area, and stake your claim there.
Simple way to begin: start a blog. It will make you a better writer, it will add your voice to the conversation, it will get you off Facebook (where you’re spending lots of unproductive time) and give you something productive to point to, it gives you an opportunity to earn affiliate commissions, and it’s your piece of online ground on which you can stake your claim.
The sooner you begin, the sooner you’ll see results.
What to do next:
June 28th, 2018 | By Tom Woods
Came across this on Twitter:
“Literally in tears. Haven’t felt this hopeless in a long time. With Justice Kennedy leaving, we now have two options as Americans: get fitted for your Nazi uniform or report directly to your death camp. How do you fight the darkness without light? My spark is going out. #SCOTUS”
We have two options: get fitted for your Nazi uniform, or report directly to your death camp.
I replied to him:
“Third option might involve a mental hospital.”
Some so-called progressives genuinely believe we’re more or less living under a Nazi regime. Others just use hysterical headlines to drive traffic.
That’s not a good long-run strategy.
Want to drive traffic — the lifeblood of your online business — to whatever you’re doing online?
A free membership here, which I got for you, will go a long way: