Brandon, your point is well taken. But it begs the question: Where are the customers' yachts?Quote from Brandonf:
Actually advanced stuff is very hard to use for selling. If you can put together some basic stuff and communicate it in a way that will make sense to a person you will make a fortune. How basic: :This is technical analysis, this is a bar chart, this is a candlestick chart, this is support, this is resistence. If your able to come up with something long winded and explain those things you can package it into a $200 course and sell hundreds of them every single week. Then you take the people who buy your course and you can sell a certain percentage of them into $1000 seminars, and a certain percentage of them into $10,000 "personal coaching" packages. Of course in the meantime you can also be charging $100 or so for a newsletter and a private message board service on your site. You get into the more advanced stuff when they pay you, not when they read you for free. There is no sense in giving away a cow if you sell milk.
There is no money at all in catering to the advanced to intermediate trader as your first level of client on the retail level, at least in my humble opinion. The above was not exactly my business model, but it is the business model of a lot of people making mid seven and in some cases low eight figures selling things to traders.
I do not dispute the vendor marketing model. Evidently it works, and it works very well in the hands of some vendors. That they may not necessarily be providing much in the way of value while raking in some serious money may be a dream come true for some people, but not necessarily for others. However, an honest assessment of the content in Pabst's article does not yield flattering results. I never suggested he won't make money with his enterprise. Rather, as a trader exchanging views with other traders on these boards, I think we can all agree that Pabst added nothing to the existing body of knowledge already in the public domain. It's just another in the long line of "me too" articles. That was my principal point. Perhaps Pabst will add some genuine value down the road to his "gold level" subscribers or whatever, but presently I am merely calling generic content for what it is among ourselves. Fair enough?
