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What Do Chocolate, Internet Marketing, And Money Have In Common?

By Stephen On April 3, 2009 Under Internet Marketing

I have it mind to offer some of those friends I’ve encountered since entering the Internet marketing arena an unusual joint venture, but I’m in two minds about it.

The thing is the way I would prefer to make this venture work is to give  a limited number of people access to something valuable, and to which they can contribute and profit substantially. This isn’t some dumb e-book, or give-away product but and extremely valuable resource that others will be eager to purchase.

cheque cadeau marketing internet

By joining me in this Joint Venture not only can people increase their own credibility and brand image they can also receive help to build their businesses in a number of ways that I don’t want to specify here.

Now the thing is my wife thinks I’ve finally gone off my rocker. She always suspected as much and now I’m hard pressed to prevent her calling for the boys in white coats.

“It’s easier to sell dollar bills for fifty cents than to give them away”, she says. Moreover there’s quite a lot of experimental data that suggests that when you give someone something valuable they tend to think it’s worthless.

Certainly when I practiced as a psychotherapist people who paid my full fee tended to arrive on time, act on suggestions, took initiatives and frequently recommended me.

Others, who had financial difficulties, so they claimed, were prone to arriving up to twenty-five minutes late, sometimes cancelled their appointments at the very last minute, tended to lack initiative except when it came to spending money elsewhere on unscheduled treats such as holidays financed with credit.

It was also the case that those same people were the ones who thought that going to see a therapist would miraculously make their problems vanish without them having to take any action.

Economists view money as no more than an exchange of tokens that enables life to flow with less effort than, for example, if you had to trade a cow to obtain an item of furniture, or exchange your wristwatch for a tank of petrol.

But psychologists know that money stirs up people in unexpected ways. Some people suffer with a Scrooge like meanness and hoard their funds. These people can never get enough money. Others cannot keep money even when they have stacks of it like Win Win Win Viv Nicholson who won the pools twice and lost every penny she won. Her life story was even made into a successful West End musical that ran for over 2 years from 1998 - 2000 and starred Barbara Dickson.

There’s some evidence that people who give money to good causes tend to be happier than those who spend their wealth on themselves.

Elizabeth Dunn, a psychologist at the University of British Columbia surveyed a sample of more than 600, or so, Americans of both genders. Whilst people spent at least ten times as much on themselves as on others analysis showed that making donations significantly raised peoples’ happiness level, whereas personal spending had little, or no, long term effect.

Kathleen Vohs from the department of marketing at the University of Minnesota, Minneapolis, found that words connected to money affect people’s performance levels.

By splitting a group into two samples and asking one group to analyse documents with money related words in them, and the other to read documents about other subjects it was possible to determine that people reading money words will work longer and harder before asking for help.

Maybe, to some extent, this goes some way to explaining how, and why, the Internet marketing crowd get pulled into those long sales letters about earning huge wads of cash? Man they’re drugs. The dollar signs and hundred dollar bills just make some people salivate. Reading the sales letter gives them a fix, and pressing the ‘But It Now’ button is the equivillent of ‘mainlining’.

In an article written by Mark Buchanan in New Scientist, (18th March, 2009), he quotes Vohs thus: “Money seems to have symbolic power as a social resource,” says Vohs. “It enables people to manipulate the social system to give them what they want, regardless of whether they are liked.” Put bluntly, it looks as if money is acting as a surrogate friend. Could that explain why some people focus on extrinsic aspirations at the expense of real social relationships?”

In the same article Buchanan quotes other psychologists who assert that there is such a thing as ‘money addiction’, which is apparently as powerful as addiction to nicotine, and more dangerous drugs.

Unfortunately like so many addictions money doesn’t necessarily bring you happiness, although being poor and hungry isn’t a good idea either.

Studies show that women especially delight in giving money away. Their brains light up in similar ways to when they eat chocolate. When forced to spend money on taxes however no such correlation can be found.

This may seem to have come a long way from the original topic of this post but has it? Clearly the whole notion of helping others make money is complex. If  making money is an addiction that leads to misery then should it even be permissible?

On the other hand if giving can make you happy shouldn’t I set an example and give this opportunity freely?

Anyway, what I’m proposing isn’t a direct cash hand out, and I’m not suggesting that some work wont be needed if people are to get the most from what I have in mind.

Hell it’s the weekend. I’ll shelve the decision for a few days. It’s not urgent anyway.


get Chocolat in HD on sph3re.tv

Wonderful and Awful: Giving = Happiness = Giving
Giving = Happiness = Giving. A survey of 30000 American households found that those who gave to charity were 43 percent more likely to say they were “very happy” about their lives than those who did not give.

Monique & Jason: Charitable Giving = Happiness & Prosperity
Charity brings happiness, happiness brings success. If you want to be successful, give give give. You can’t find any kind of service that won’t make you happier. If you increase your level of of charitable giving, you can increase your happiness.

Giving up the Economy for Lent
They tried happiness. They tried fashion. All worked with varying degrees of success. Both groups soon discovered the most consistent motivator was fear.

Giving Notice Now: The Wolf at the Door
Giving Notice Now. Buddhism advises people looking for happiness to live in the NOW. In this blog you’ll find a record of my attempts to do just that. Friday, April 3, 2009.

Happiness Through Giving
While previous studies have shown that having more money can increase , the researchers at the University of British Columbia and Harvard University wondered if the way people spent their money made any difference.

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7 comments - add yours
Murray

April 4, 2009

Love your ideas Stephen and thank you for sending Inside Story No: 4.

Will spend Sunday reading the PDFs and previous edidtions.

Would love to do a JV with your goodself, but I want to contribute towards the cost as I don’t expect anything for nothing.

Regards

Murray.

PS: Love your wife’s sense of humour.

John Ng

April 12, 2009

Hi Stephen,
Quite an essay, very interesting! We Chinese love “sayings” and I am quoting one now. Sorry, can’t help it, it is in our nature :>)). Here it comes: “Enjoy Alone is not as good as enjoy among the crowd!” Hey, not even sure it is true, but at least it has some relevance to your article?
I noticed you commented in my Blog at least twice. I thought I returned a comment before until you set me straight. I am here now.
I made a few bucks here and there. My list is growing but very slowly. I should have been making at least $1000 a month now, if the Gurus are right. I am not saying the gurus are wrong, I am not treating my list properly.
Your comment about “harnessing the power of the whole network” was exactly how I felt. However, not the whole group was active and not many of the active ones realize the strength of an organized group!
If you have a good joint venture idea, I have an open mind. Please let me know.
I am sure I am on the verge of a breakthrough, only if I am good at writing or even just like writing!?
John.

Matt Cross

April 16, 2009

Stephen,

Sorry it took me so long to respond to your JV comment on my blog! I would like to learn more about your JV and what you had in mind. Business is going Ok. I’m making a couple hundred a month with my current list. And it’s growing weekly. I’m always joining giveaways and giving away my book.

Send me another post or email me about your plans for the JV. Thanks again Stephen, we Alex students need to stick together!

Richard Allen

April 16, 2009

Hi Stephen,

Thanks for the visit to one of my sites and the invitation to learn more about your JV.

Of course I am very interested, we all learned a lot on the Alex Jeffreys’ Coaching Program and maybe it’s about time to step up a gear.

Look forward to hearing from you.

Regards,

Richard

Charles Pitcher

April 21, 2009

Steven,

Thanks for posting on my blog. I must admit that I fell out of the Alex Jeffreys coaching course due to the fact that i got soo confused with everything and at the time there was no one to help me. Tara Di Palma another student of Alex’s helped get my blog up and running. The reason why I am saying this is that I didnt do as Alex said by going around to other peoples blog and posting… Why would I do that when I didn’t have my own blog set up? To be honest with you I dont think the course had any real value. I had more value with Chris Farrell and Dave Guidon.
To answer your question about JV’ing I would like to ask if you would kindly like to review my book ‘How To Enjoy More Of Your Life’ that i have written and give me a testimonial i will post your blog address too. It comes with 8 great bonus’s all to do with Self-Development.

Thanks

Charles
charles_pitch1@hotmail.com

Ann Marie Dennis

July 23, 2009

Hi Stephen,

really interesting post…explains why sometimes I simply MUST go out and BUY something! Also helps to explain why many wealthy people insist on giving at least 10% of what they earn to charity. I think life is much more enjoyable when your living for a bigger purpose out, isn’t it? Anyway would love to find out more in regards to what you have as a joint venture idea. Very interested, look forward to hearing from you :-)

Annie

Nigel Yip

July 24, 2009

Hi Stephen,

Wow, what a post you have here and you certainly have got the correct mindset that our mentor Alex Jeffreys has tried hard to get us adopt to which I only discovered earlier on this year.

I believe one of the key fundamental reason as to why many students and many fellow newbie marketers are yet to be come gurus or successful is that they think of instant success and getting rich fast or attaining their dream goal immediately. If they don’t see results within a few days or weeks they give up. Technically, I think this is bonkers.

Success is built over time and to me personally, I would rather prefer to see a smiling happy face, partly because you can have as much money as you wish, but like you mentioned… What does one do with all of it, more importantly, will it make you happy, will you have a sense of self-satisfaction?

So here’s my two cents for those who may wonder where I stand on your question…..

I think if you give away your opportunity for Free NOW, then your efforts will certainly be rewarded and it will be more along the lines of a long term investment, where you recoup what you have invested tenfold over the many years to come, be that in monetary or human life values. Whereas if you sold it instead, you may make a lot of money now but what about the long term future?

And finally, just a final thought… something I read and picked up from our mentor Alex Jeffreys recently which may help you decide….

Would you prefer to take the money now or would you prefer to have people constantly begging you to take their money instead?

I know which one I’d choose, and perhaps you already do?

Anyway all the best and I hope I didn’t insult you or anyone. If I did, apologies in advance.

Best Wishes
Nigel