What do they do for a living?
Do they even work?
Have you ever driven around an area where you see these giant houses with multiple garages on a prime piece of property? Or maybe down by the shore where that giant house is on the water with a yacht tied to the dock. You wonder, how do these people have so much money? What are they doing that I’m not?
Money Making
I believe that it’s both easier and more difficult to make money now, compared to several decades ago. I know that doesn’t make much sense, but it will.
Old Money
Back in the day, technology was being born. What we see as huge companies now, were barely starting then. Wal-Mart was nothing more than one store and is now a multi-billion dollar operation. In & Out Burger was started by one man and now after all these years, is still run by one woman, and is a worth billions. Macy’s, JC Penney’s, McDonald’s, and that’s just talking about the every day places that we deal with, without even getting into the tech companies and beyond.
Imagine buying just a little bit of stock in McDonald’s in the early 1970’s, or maybe Wal-Mart, OR BOTH!
New Money
These days, you would look at the old money and say, “Yeah, that’s no where near as possible now a days, we’re beyond that growth industry stuff.” But are we?
I believe that we are not. It’s just a different industry. The markets are more technologically advanced for sure and marketing has to follow suit. Back in the day, advertising had to take a different approach. Billboards and newspaper ads ruled the day. Word of mouth was king, not just for getting the message out, but also for rating the quality of the establishment and its goods.
Good news, word of mouth is still king, only it’s even better than ever.
Louder Voices
These days, voices are carried on the internet. The voices now reach world wide versus just in the neighborhood. Companies are growing faster than ever before because they are reaching more people faster than ever before. Imagine buying just a little bit of stock in Facebook in the early 1990’s! The problem with fast growth is that the windows for investments are small.
So, if you missed out on the investment window for company growth, where can you make good money without dumping a ton of it on mere speculation?
Advertising, but even better, AFFILIATE MARKETING
And have I got a deal for you.
Dave