Baby Boomer Loses $18,500 on First Internet Business Venture
This blog is about “How to Blog for Money” but it is just as important to know “How not to lose Money”. This article tells you why I am qualified to talk about how not to lose money. As with most successful business it is the first rule – don’t lose money.
My first venture into the Internet Business was a disaster. I invested $18,500 USD with Stores On Line to help me build three Web sites to sell products. I spent many hours (not included in the $18,500) creating the first site and did sell some product but it was hard work.
Stores On Line support was just too hard to use. It took some months to get the payment processor approved. Then it took weeks for me to have it cancelled. The coaching and marketing was a joke. It was an experience I would not want you to go through.
I found out later that a year earlier in Australia their Australian agent or subsidiary had to pay back approximately $600,000 to people who had purchased their packages. StoresOnLIne is still operating in Australia.
If you Google StoresOnLine you will see thousands of entries on them. Many they have set up themselves, to counter the negative sites. A forum is also on line so you can check it out yourselves here at the Online Merchant Forum.
Despite all of this I got bitten with the Internet Marketer’s Bug and have kept working at it. I have now gained a good understanding of the Internet.
Since then I have tried many products includes Google Cash, Affiliate Radar PPCRiches and SpeedPPC. Many I have asked for and got a refund. Some were good products whilst others looked like rubbish to me. Many were not what I wanted to do after I looked at them in more detail. But not one of them were as difficult to deal with as StoresOnLine was.
The result is whilst I have spent some money on eBooks and low cost software I have gained a good education on Internet Marketing and have decided to write about what I haver found useful and helpful that may lead to making money from a Blog.
I can also write about blogging from a Baby Boomer’s perspective since I will be 60 this year and am in semi-retirement.
In the next few posts I will talk about what software I have found the most useful for getting started on the Internet. There are many things you should know that you can do yourself or out-source.
Don’t forget to turn on your Crap Detector though!
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