'Get Rich Crap': A short history of the last 100 years

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Jim Straw is an old “mail order maverick.” I didn’t ask him how old he is but I’d guess he’s in his 70’s. He’s been around the block a bunch of times.

As a mail order marketer with over 700,000 customers, he has sold over $250,000,000 worth of products and services by mail. Everything from Beauty Supplies to Heavy Equipment … Burglar Alarms to Sleeping Bags … Fishing Lures to Women’s Wigs … Automobiles to Wheelchairs … Investment Opportunities to Seafood … Consulting Services to “How To” Courses … all by mail order.

Jim wrote a great article about how the merry-go-round spins and he gave me permission to publish it here:

Subject: And the Pendulum swings …

Have you ever wondered why there is a proliferation of “get rich quick” crap on the Internet?

Well, it’s nothing new. I’ve watched the pendulum swing for 40 years.

Here’s how it happens …

Back in the mailorder days, there would be a number of articles about how much money could be made selling “how to make money” information products – and- how easy it was. Then, someone would write a book about “making money with how to make money reports.” — Then another, and another, and another. Then came the “plans & programs” that promised to make the money for you … all you had to do was pay them to do it for you.

In the beginning, the books were written by real people who were actually doing it and the books explained in great detail how to do it. — No hype. No B.S. — Then, the research writers wrote books. Then pure amateurs rehashed the same thing; again, and again … only repeating what they had read.

Then the readers of those books, of course, created a whole new generation of “how to make money” books, booklets and reports.

In a while, the “opportunity seeker” market was saturated. More and more “how to make money” reports … most of them crap … being sold to the same audience; cutting the market into smaller and smaller pieces. Fewer orders for each marketer.

When the “crap” purveyors saw fewer and fewer orders, they moved on to greener pastures – and – the unfortunate beginners never made enough sales to continue in their efforts.

Soon, the pendulum had taken a full swing and the only ones left were the “real” people with the experience to back the information in their books.

But, then again, there would be a spate of articles about how much money could be made selling “how to make money” information products and the whole cyle would start again.

I’ve seen it happen too many times in mailorder. Now, it is happening on the Internet.

Until the pendulum takes its full swing, expect more and more crappy “how to make money” information products, plans and programs on the Internet.

Jim Straw

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About the Author

Perry Marshall has launched two revolutions in sales and marketing. In Pay-Per-Click advertising, he pioneered best practices and wrote the world's best selling book on Google advertising. And he's driven the 80/20 Principle deeper than any other author, creating a new movement in business.

He is referenced across the Internet and by Harvard Business Review, The New York Times, INC and Forbes Magazine.

3 Comments on “'Get Rich Crap': A short history of the last 100 years”

  1. While we are taking on the topic of ‘Get Rich Crap’: A short history of the last 100 years, If you think you don’t know something about getting wealthy, do not get discouraged, we all have something to give though you may start by studying something perhaps a business enterprise, trade, skill or service

  2. I imagine the economic crisis has turbo-charged the “get rich quick” information products.

    Luckily it makes the information you provide that much more valuable.

    I think in every industry, quality companies will continue to shine.

    Thanks for the good words!

  3. Hey Perry,

    This is a great post and so true. Indeed much of the IM industry seems plagued with deceit. For example Google want to make it so that people can search for terms and get a useful response. But as the art of Search Engines isn’t as advanced as they would like Black Hat marketers do all kinds of things to attempt to ‘spin’ the results. My sympathies are with Google.

    Your topic is more complex. I suspect that as people buy more and more ‘Make Money’ books they become, to some extent, expert in what ‘Make Money Books’ contain. Indeed some of these readers may even write better than the people who wrote the original books and were making money doing what they wrote about.

    Markets have always had their characters, from evangelists preaching about the Sins of the World, to the touts selling dodgy goods that fall apart.

    The IM is no different, but today people may be more desperate than at any time since the 1930s.

    Stephen

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