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The Problematic Representation of E-Commerce and Trading Online
O. P. Jamieson
THE CURRENT ONLINE PORTRAYAL OF E-COMMERCE AND OTHER INTERNET MONEY MAKING STRATEGIES is dangerously misrepresented through dodgy marketing schemes and questionable sales tactics. It would be impossible to count the amount of online E-commerce and trading ‘Gurus’ on Youtube claiming that: ‘If you simply buy the course linked in the description, you could make upwards of $20,000 profits in just one month!’ I mean, it must be true if the guy preaching it is in a hotted-up Lambo wearing a fancy Rolex. He’s gotta know what he’s talking about! Although it pains me to say, this ‘guru’ may not truly have your best interests in mind.
E-commerce is an overarching term, referring to the trading of goods and services just like normal commerce. However, these transactions take place online or electronically. There are many forms of e-commerce that one can utilise to make money, the most popular being: dropshipping. Dropshipping is just being a middle-man. The process involves sourcing cheap, usually gimmicky products on sites like AliExpress or Taobao, creating a more accessible and specialised website for such products and selling them for huge profits due to the low product cost. This strategy’s main benefit is its low-risk and low barrier to entry with low start-up costs. The dropshipper never holds unsold stock, only purchasing it and shipping it when bought from their own site – hence low risk. Products like the Oodie (an Australian company) started out as a dropshipping business.
Trading, as an online money making strategy, has been around for quite a while. The core concept of trading is simple: buy low – sell high. However, within this there are thousands of complex strategies, both short and long-term that use, sometimes quite abstract, statistical indicators to maximise the possibility of correctly predicting stock market movements to generate a profit. A segment of this trading, investment into cryptocurrency, has thankfully somewhat died down since its peak back in 2021. In my opinion at least, it should be left back in 2021 until it can find a valuable use outside of buying monkey pictures or betting on digital horses.
Now, both of these strategies are entirely viable and do work when done correctly; however, it has almost become normalised in the financial space that achieving success with these methods occurs instantaneously and provides you with six-digit profits every single time. This idea comes mainly from videos and ads online from seemingly rich people promoting how they made all their money and encouraging their young and impressionable audience to (most commonly) buy a course that will teach them how to become ‘financially independent’, just like them. The Red Pill, sigma gurus and groups like Hustlers University, support these claims by brandishing luxury cars and watches in their Miami beach penthouse. While they may actually have these items, it’s probably not from the strategies they’re endorsing.
Anyone with the wealth that they have, knows that exposing and promoting their money-making strategies is the very thing that makes them obsolete. While this concept exists in drop-shipping by way of market oversaturation, it is most prevalent in trading. If thousands of people were to purchase a course that explained to them to buy S&P 500 futures contracts as soon as it dipped below an RSI (Relative Strength Index) of 20 (a rather coin-flippy strategy might I add), by the time this occurs, someone else with the course, along with 100 other people, have already bought this future, spiking the price and ruining the strategy entirely. In short, if the strategy was actually good, they definitely wouldn’t be telling you about it. These scam artists most likely attained all their wealth from selling the very course that they tricked you into buying. Now I’m not saying everyone is bad. There are some creators that do explain the concepts in a realistic way addressing how truly difficult and complex making money online can actually be, such as Biaheza on Youtube; it’s just there’s way more doing bad than good.
Not only does the improper representation of online money-making methods actually lose people money, it demotivates and turns people away from exploring feasible pathways to financial freedom and most importantly, escaping the matrix. All in all, although I’m sure you’ve heard it before, investigate the things you see online and avoid taking and accepting everything at its face-value. As free-thinking Shore men, I know that we are all very capable of doing so.
