Evan Hood.com

Internet Marketing- Don’t Quit Your Day Job

How You’re Getting Screwed

July 30th, 2008 by Evan Hood

There is another way to make more profit than through internet marketing and it’s a lot easier. Profit is what you keep from your revenue after you take out your expenses. So if you can’t increase your revenue then lower your expenses. I was looking over my bank statement the other day and 1 thing jumped out at me: ATM Fees.


Sweet baby Jesus I’m giving away $40-$50 per month on ATM fees, and I use my credit card a lot. Remember, the little deli charging you $2.00 to access your own money is only half of it. Your bank is also slapping you with another $2.00 fee. If you pulled out a $20 bill and you were charged $2.00 by the bank and the deli you’re being charged a 20% fee just to get your own money. Man, that’s what I call a business.

To put this into perspective, an article in Industry Week says the average Chinese manufacturer earns 60 cents per hour, or $4.80 per day. At that rate, and my regular monthly ATM fees, I could hire a Chinese manufacturer for 10 days (2 work weeks!) every month! I could start my own sweat shop practically for free if I stopped using other ATMs! I could run a drop-shipping ebay company for dirt! Or, at $10 an article, I could hire a ghostwriter to post on this blog for a week! Or, at 50 cents per refill, I could get 100 iced coffees at Starbucks! Or……

Share and Enjoy:
  • Digg
  • del.icio.us
  • E-mail this story to a friend!
  • Reddit
  • StumbleUpon
  • Technorati
  • TwitThis
You can leave a response, or trackback from your own site.

Leave a comment