> Secret to wealth on Internet: Buy high, sell low
You're probably thinking: "Er, Peter, you mean "buy low, sell high", right?
No, I mean: Buy high, sell low.
In other words, in today's knowledge economy, things are upside down. A person should pay (or be willing to pay) a high price in order to acquire knowledge, and then be willing to sell it very, very CHEAPLY to millions of people.
That's the main difference between an "intellectual" economy and a "financial" economy. In a financial economy, capital is exclusive: if I have $5 in my hands, then that $5 is NOT in your hands.
In an intellectual economy, I can have a powerful idea or a valuable piece of knowledge in my head and, after sharing it with you, you can ALSO have it in your head. This characteristic of knowledge -- that it can be shared WITHOUT impoverishing the sharer or the original "owner" of the knowledge -- is a real source of hope for people who want to get rich via the Internet.
Concretely speaking, the Internet allows you to share $1 worth of knowledge to millions of people.
For example, that's one way in which I'll become a millionaire this year: by selling my knowledge for $5-$50 to 17 million users of Linkedin. It's a no-brainer, really.
You can do the same. Just remember to buy high and sell low.
In other words, do whatever it takes and pay whatever price required to GAIN valuable knowledge, and then sell that knowledge CHEAPLY to millions of people.
No, I mean: Buy high, sell low.
In other words, in today's knowledge economy, things are upside down. A person should pay (or be willing to pay) a high price in order to acquire knowledge, and then be willing to sell it very, very CHEAPLY to millions of people.
That's the main difference between an "intellectual" economy and a "financial" economy. In a financial economy, capital is exclusive: if I have $5 in my hands, then that $5 is NOT in your hands.
In an intellectual economy, I can have a powerful idea or a valuable piece of knowledge in my head and, after sharing it with you, you can ALSO have it in your head. This characteristic of knowledge -- that it can be shared WITHOUT impoverishing the sharer or the original "owner" of the knowledge -- is a real source of hope for people who want to get rich via the Internet.
Concretely speaking, the Internet allows you to share $1 worth of knowledge to millions of people.
For example, that's one way in which I'll become a millionaire this year: by selling my knowledge for $5-$50 to 17 million users of Linkedin. It's a no-brainer, really.
You can do the same. Just remember to buy high and sell low.
In other words, do whatever it takes and pay whatever price required to GAIN valuable knowledge, and then sell that knowledge CHEAPLY to millions of people.
posted by Super Peter at 8:53 AM
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