advice

Henry C.K. Liu hliu at mindspring.com
Sun Jan 10 16:58:53 PST 1999


Paula:

Very few people will pay for information that is already in the public domain. Unless you can offer inside information, no one will bite.

They will, however, pay handsomely for anyone making decisions for them. That is what drives the mutual funds industry. People are insecure and do not trust their own judgment , so they pay for "experts" to lose their money for them, so they don't have to blame themselves.

Most financial planners are still working because they are not good with money, otherwise they would be sunning on a yacht on the Riviera. Yet people go to them. If you want to make money on the net, give advice, not information. That is where the money is. How aggressive you sell depends entirely on your conscience. It has nothing to do with ability, because in this chaotic world, the difference between the best advice and the worse is negligible most of the time. Look at economic forecasting.

Happy hunting,

Henry

pms wrote:


> Hey gang-
>
> Lately I've meant several people, with computors and disposable incomes,
> that have nothing on there desktops, little in thier bookmarks, and are
> basically in the clutches of some commercial portal.
>
> I also see classes for surfing the net advertised.
>
> Do you think people would pay to have their computors customized to their
> interests? Along with a little 20 min lesson on net navigation, maybe?
>
> I'm torn. On the one hand I know these folks will never spend hours
> finding stuff. On the other hand I'm not sure they realize what they're
> missing. And do they have any real interests?
>
> I also thought of putting an ad in a yuppie neigborhood paper for something
> like- Everyday Research - for folks who don't have the time to research the
> things that would help them make every day decisions.
>
> What do you think? Would people pay for this? Do they do this up in Noo
> York City?
>
> Hope you don't mind this silly question, but like I say, I'm torn.
>
> Any input much appreciated.
>
> smooches
> Paula



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