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It was about a month or two ago I was watching an episode of Million Dollar Listing. If you have not seen the show, it's about three young real estate agents / brokers that sell multi million dollar homes in and around LA, California.
Anyways, while watching one episode, one of the wealthy guys looking to purchase a few homes said something that is true. "Buy when people fear, sell when people are greedy."
Now, I am not sure but I think he was actually quoting Warren Buffet on this. It makes sense... in the housing markets especially.
This principal I think can also be applied to affiliate marketing. There are certain traffic sources that affiliates are leaving in masses (Google for example) primarily due to fear of banning, learning curves, etc.
At the same time there are certain areas that affiliates are getting greedy (Shady rebills for example). Recently a bunch of these offers went down and rebill offers are getting increasingly harder to make work. Certain affiliate who knew nothing but how to promote a rebill soon had nothing left but to try and figure something else out.
It's in times like this that I like to look at those "feared" places and figure out how to make them work. Right now while people focus on PPV, media buying, and social traffic, I plan to look further into the area that people seem to be leaving.
Anyways... just a thought.
Good idea, I hope it works for you.
Good idea since I’m one of those not in GooG anymore the more for you. =\
Buy when people fear. I must agree on this. This works all the time.
I think the concept goes back way further than Warren Buffet. It sounds more like Sun Tzu.
LOL! Point well taken, Tegs!
This saying refers to bear and bull markets. Bear is fearful and bull is greedy. This actually points out the opposite effect of what masses do. People sell when fearful and buy when greedy. I’m trying to relate this to AM industry. As a marketer you can see when people tend to buy the most, when they feel confident about the economy, markets, specific industry then you push as hard as you can.
Then what happens when everyone buys when the marketing is bear because of this advice circulating?
My head hurts
Very true advice. I personally think it applies great to the stock market as well. In my job, I always push myself and my team to work on the most difficult projects, those that others fear. If you’re able to do the stuff that others fear, the rewards can be huge!
Good luck to your plan. I think it is a great plan. These things that people are leaving worked before, so there’s a possibility that it will again hit bigtime, maybe all it needs is innovation, a change here and there to fit with the present time. It can work actually. Goodluck again.
I follow that concept as well and because of this I get some traffic from sites ignored by most such as memo and tumblr
This advice is for almost all investments, especially items like real estate and stocks.
However you use it for methods of work (in this case getting traffic), in my opinion that’s not useful.
A method of work is simply profitable or not and if you put more effort in it, it’s more likely to be profitable.
That show looks amazing. Is Bravo TV based in the United States? I don’t believe I’ve heard of it.
I think i’ll have to download it, thanks for the heads up.
Nice.. That’s why if positioned right, you can make money in a good or bad economy.
Buy low sell high…
Good post Jonathan. You should definitely try to exploit weak markets when possible. if you’re always just following the pack, you’re always going to be competing directly with them. If you can target areas where others are not, you can often find great sources of traffic & income.
I think this is really a great plan to put in action. And it will work as it specified from the heading itself. Sell when people are greedy, is really complete thing to say and get.
It really is quite an interesting way to look at it. It’s always good to strike when the iron’s hot even though the chances remain of burning yourself a few times. In the end, you stand to gain more if you play your cards right.
Till then,
Jean
This advice is for almost all investments, especially items like real estate and stocks.
About becoming cyborgs, what’s to fear when you know that in the future people will have implants that will make them able to sync up with computers via bluetooth?
People fear roller coasters for all sorts of different reasons, but what is the main reason behind their fear? And how can they over come it?
Then what happens when everyone buys when the marketing is bear because of this advice circulating?
It’s true but it is difficult to find out the time when people are greedy or in fear. Once we determine it correctly, then no one can beat us~~~