[DTF notes: Article kept for historical reference only.
We do NOT recommend any "high yield programs" or "money games" - they were all ponzi/scams/duds! However, you may still find some other useful, relevant, or interesting information here.]
By Frederick Mann
June 30, 1999
"Whatever you think you can do or believe you can do, begin it. Action has magic, grace and power in it." -- Johann Wolfgang von Goethe
(Note: This article includes information on website design and profitability.)
Introduction
About 15 years ago I bought a little book by Don Lancaster called The Incredible Secret Money Machine.
It made a lasting impression on me and inspired a quest for me to create my own
"money machines."
During the ensuing years I've created numerous money machines, some more successful than others. I learned a great deal about what works for me and what doesn't. I believe that the conception of the ideal money machine I've arrived at, based on 15 years of experience, is a considerable improvement on the "Lancaster model." I believe I've made some major improvements and refinements.
My idea of a money machine is some kind of more or less automatic "mechanism" that spits out money without the owner/operator of the machine having to do much work.
A passive investment is an example of a money machine. You buy $1,000,000 worth of stock that pays you $100,000 in dividends every year, without your having to do any work.
Unfortunately, most of us don't have the capital to set up such a money machine. If you work for money at some "job" ("just over broke"), chances are you're just a few paychecks away from being homeless. Let's see if it's possible to start with little or no money and create money machines that take you to financial independence within a year or so.
The Ideal Money Machine
Here are the major
improvements and refinements I've made to Don Lancaster's money machine
model:
Such money machines liberate you from having to work for money. You can also use them to liberate yourself from "public marauders" who masquerade as "government." That's why I call them "Liberty Money Machines!"
Liberty Money Machine Examples
I'd like to present two
examples of Liberty Money Machines to you. I'd like you to consider these, maybe
examine them further. Maybe the principles and techniques I've applied to make
them profitable for me can show you the way to create your own superior Liberty
Money Machines.
Even if you don't like some specifics of my money machines, you may want to use them as examples to create your own even more profitable Liberty Money Machines.
Note that "creating" your own Liberty Money Machine can be as simple "playing" with someone else's money machine and maybe tell some friends and acquaintances about it.
Liberty Money Machine #1:
Liberty Money Machine #2:
We currently (April 2000) do not recommend participation in Stockgeneration.
Life Cycle of Money Machines
Some
money machines start small, then grow until they reach maturity. There they may
operate on a high plateau for some time. They may reach a size where it becomes
difficult for them to maintain an adequate level of customer service. They may
experience problems caused by "public marauders." Then they may decline and
eventually fail.
For such reasons it's prudent to be always on the lookout for additional money machines. It works best to have multiple income streams. It's wonderful to be in a position such that the decline and/or failure of any particular money machine(s) do not adversely affect your overall prosperity.
We regularly add new money machines to BigBooster.
Personal Financial Health
Recently, as a result of
reading Rich Dad, Poor Dad by Robert T. Kiyosaki, I realized that for
practically all of my life I had been in certain respects a "financial cripple."
I had had certain misconceptions that handicapped me financially. Though I had
made considerable money at various activities and ventures, I had also lost a
great deal because I suffered from "financial illness."
Reading Robert T. Kiyosaki's Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor & Middle Class Don't changed that. I suspect that more than 90% of people suffer from some of the factors of "finacial illness" identified and described by Kiyosaki. I believe that the probability of your success with any money machine will most likely increase dramatically if you study Rich Dad, Poor Dad. You may also want to check out Kiyosaki's website.
This area is covered in greater detail in my article Basic Money Skills.
Passive and Active Mode
You can utilize or create your
own variations of the above two money machines. You can operate in "passive
mode," merely risking your own money and not promoting your money machines, nor
even telling anyone else about them if you like. (The history of money making
that depends on people recruiting/selling others seems to indicate that about
95% of people fail. So most readers should consider passive mode, particularly
in the beginning.)
You can also operate in "active mode" without risking your own money. This depends on recruiting and selling others. To succeed, you need to persuade others to get involved with your money machines. If you're good at selling, then active mode enables you to create substantial incoming money flows without risking your own capital.
A third way to operate is "combination mode" -- you put some of your own money into the money machines and you promote them to others. You could start in passive mode, making some money, and establishing a successful track record that makes it easier to persuade others. Once you have a steadily improving track record, you may find it much easier to sell others -- or to create Liberty Money Machines that sell themselves!
Marketing Your Money Machine
With the advent of the
Internet, it's in many respects much easier to create a money machine than it
used to be. You can set up a website at little cost. You can do a number of
things that result in visitors coming to your website that require only your
time and effort.
There's free information on Don Lancaster's website on how to promote websites. See also:
Once at the website, visitors can find something they like to do that makes them money and makes you some money too.
Now, if you already have a website that's attracting visitors, you're just a few steps from the "clover." You can simply add one or more Liberty Money Machines to your website and soon start collecting the lucre!
And, if you have a website that's not getting many visitors, then you can use your money machines to attract many more people -- or you can simply operate your money machines in "passive mode."
"Bandwagon" Marketing
Take a look at Economic Means to Freedom - Part
VIII, particularly the table with the growth in earnings from World Network
Holdings. Also have a look at the growth in our earnings from BIG and Stockgeneration.
By repeatedly promoting a program to prospects, each time showing how the results are improving, a kind of "bandwagon" effect is eventually created. To some people, something has to be promoted seven, fifteen, or more times before they eventually "bite." The cumulative effect of every week or month seeing how someone is doing better and better, while they continue to miss out, eventually helps persuade them to decide to "get on the bandwagon."
This "bandwagon" marketing was a major reason for our spectacular success with WNH.
BuildFreedom/BigBooster as a Liberty Money Machine
It may be worthwhile for you to examine and analyze BuildFreedom and BigBooster as,
in combination, forming a "giant" Liberty Money Machine. Maybe you can use our
approach as a model for creating your own money machine(s) and making them more
profitable.
BuildFreedom contains a wealth of freedom information. Visitors come to the website mainly as a result of word of mouth, search engines, and links from other sites. BuildFreedom has a number of links to BigBooster. So some of the visitors to BuildFreedom also visit BigBooster.
BigBooster contains the best money-making programs we know of that are also ideal for freedom lovers. Some of the visitors participate in some of these programs and we earn money as a result.
Some time ago I noticed from our statistics that we received many visitors to BuildFreedom who quickly left without visiting the home page and I presume without gaining any appreciation for the wealth of valuable information on BuildFreedom. As a result I came up with the idea of our "Capture Banner."
Now take a look at Millionaire Report #1. Note the "Capture Banner" both at the beginning and at the end of the report. [DTF note: the original "banners" were removed from the BFA version; the idea was ok but they used excessive screen space. I may implement some other solution to the issue mentioned here.] The idea is that if we get new visitors via search engines, who arrive at some report, there's a chance that their attention will be "captured" by the banner and they'll take a look at the rest of BuildFreedom to find out what useful information we might have for them. This increases the probability that they'll find out more about our website and that they'll return later to learn more. The increase in Overall Accesses to BuildFreedom since April, 1999 are probably at least partially due to the "Capture Banner." Eventually these extra visits will result in greater earnings from our money-making programs.
During the coming months we'll be making additional improvements to BuildFreedom that will result in further increases in the number of our visitors. You may want to visit BuildFreedom from time to time to witness these improvements and their effects.
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