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I just read an interesting article over at CNet about how the latest internet gold rush is officially dying.

For those of you who don’t keep up with stuff, allow me to translate - recently, all the hype on how to make quick riches online had to do with Facebook Applications.

Basically, you create some type of software widget people could put on their Facebook pages, you get the billions of retards on Facebook to use it, and then you sell out to people with money (that is, if you hadn’t figured out some way to monetize your application your own damn self).

According to the CNet article, Facebook has reached critical mass, and Facebook Apps as a way of getting rich online are going the way of the dodo. Mass proliferation of crappy applications, plus the advent of OpenSocial, and the fact that Facebook is run by a raging loony-bin of retards, means that the gold rush is over.

Can you not make any money off a Facebook App? Sure you can. I’m certain it’s still possible. Would you want to go through the trouble of doing so? Not in my opinion.

Lemme tell you a little sumtin’ sumtin (and pay attention, because this knowledge bomb is gonna make you a lot of money in the long run)…

New developments on the internet have a fast lifespan. They burn bright and hot for a few months, and then they die. In order to take advantage of them, you have to be ON TOP OF SHIT. You gotta be reading about the latest technologies comin’ down the grapevine, you gotta beat the crowd to them, you gotta know how to make money with them, and you have to know when to LEAVE and move on.

It’s sort of like day trading.

Do people get rich day trading stocks? Sure. Do they get wealthy? No. They’re always too busy working to make a quick buck rather than to get the big money.

To me, all this social media, web 2.0 horse ka-ka is nothing but another avenue for LEAD GENERATION.

If you have a solid business, you use these outlets to generate leads for that business, and that will make you money LONG TERM. A business is something you can keep going indefinitely, a perpetual money machine. A fad is something that will make you money in the short term, but is unsustainable in the long haul (stuff like adsense sites, Facebook Apps, etc.).

So for those of you out there who are worried about missing the boat on the next “big thing,” don’t sweat it. Stick to the fundamentals - the kind of fundamentals I teach you in my book. That stuff will ALWAYS make you money. And you don’t have to chase after it like a desperate snake oil salesman. You can take your time, master it, and make real sustainable money.

For instance - everyone is looking at Facebook and writing off the App business. Some people are testing out their advertising system too (which sucks huge donkey balls, by the way). But if you really want to know how to use Facebook to make MFM, here’s what you do…

Create a profile…

Get an ass-load of friends…

Promote as many offers to those friends as you can.

It works! Because you’re generating LEADS and then MARKETING to them. Simple, straightforward, and effective. Good ol’ marketing brew-ha-ha. And you don’t have to be a geek programmer to do it.

It’s easy to get caught up in hype. But always, always, ALWAYS stick to the fundamentals, and you can never go wrong.

Later Losers,

-RJ

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