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Hello all - I am thinking about an internet business.  I was wondering if you all had ever hear of the Internet Business Mastery Academy and if you have any comments on what is taught through the academy.  Please let me know your thoughts at your earliest convenience.

Thank you.

Mike

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Hi Mike. I have been a member there since the day it opened. There is a ton of good, useful information there and I think it's well worth the cost (which is a lot less than it used to be, I think).  The forums aren't quite as active as they used to be but with "version 2" that launched a couple of months ago it's probably gotten busier.


I don't go there a lot these days but I have a lifetime membership and used it a lot for about a year. They take you step by step through their process of creating an internet-based business. From topic (niche) selection to setting up a website, to creating content (blog, podcast, email list, etc.) and more.  Things like using aweber for an email list and how to set up a podcast are all included too.

 

With the recent redesign, I can't say exactly what it's like now. I think it's mostly the same stuff just organized a little differently.  

 

I think they offer a free trial so you've really got nothing to lose!

Mike,

 

My wife and I are IBMA Lifetime Members. Personally, I love the Academy. Here's my story. My wife and I wanted to start an Online business so we started digging around on the Internet to see what people were doing and how we could do it too. We were quickly overwhelmed by information overload. I had been listening to their free podcast, Internet Business Master (look on iTunes), and really got a lot out of it so decided to try their Risk Free trail, like Mike mentioned in his comment.

 

The Academy isn't perfect, but it was a Godsend. When I say it's not perfect, I mean that there are so many nuances to starting an Internet business. Sterling and Jay (who started and run the Academy) cover the broad steps, one by one. If you follow through on every step, you WILL end up with an Internet business. But there will be time when you're dealing with an aspect of starting an Internet business that isn't covered in the Academy.

 

For example, let's say you need a shopping cart for your website. There are many to choose from. Sterling and Jay will tell you about services they are familiar with through their experiences but they won't tell you about the dozens of other choices. They try to teach about what they think is the best (which is a matter of opinion, in some cases), but even if they don't teach you about the specific shopping cart that you decided to use, you'll still know what all the steps are for starting an Internet business. Just follow the steps.

 

When you get stuck and you aren't sure about something, the Academy forums are a good place to go for answers. Like Mike said, it can be a little slow at times, but you'll usually get an answer. I suggest before you post a question, you do a search in the forums for the answer because many times, somebody has already asked it.

 

Anyway, I suggest that you listen to many of their podcast episodes and get a sense of their style and information. If you feel like you can trust them, then try their Risk Free trail. That's what I did. You can find more Academy information on one of my websites: http://acoupleofquitters.com which is a personal journal for me and my wife where we write about our process of starting online businesses and eventually quitting our day jobs. When we joined the Academy, we shared our first impressions and our impressions along the way. We were monthly members of the Academy for over a year. Then we finally bought a lifetime membership when it went on sale. Now we're happy campers. :-)  Oh...some of the information about the Academy in our posts is a little different than the Academy today, since they recently restructured the Academy. My wife and I will be doing update posts about the Academy 2.0 soon.

 

Neither one of us has gotten our businesses to the point where we've replaced our day-job incomes, but we're working our plans and getting closer all the time. We WILL get there. I have no doubt of that. Feel free to email me if you have any other questions, or just post here, of course.

 

All the Best!

Scott

I've heard good things about it, plus I've listened to a lot of their podcasts.  I've got a good friend that joined it a couple of months ago and he loves it.

Michael,

 

I have listened to Jay and Sterling for a few years now and actually did join the IBMA for awhile.  I think I got through about six modules.  I just stopped last month as I have not had the time to properly devote to it. Would I recommend it?  Yes, if you have the time.  It is like anything else regarding time and effort? Of course.  Do I agree with Scott on nuances? Yes.  

 

The forums are helpful as well.  Would I go back to paying a membership? Probably so.  I still listen to their normal / free podcast and enjoy it.  I can glean quite a bit of information out of them as well.

 

Check it out for a month and see what you think and if it works for you.  Each month is a new module to follow so it can take a little bit of time before you get a real good gist of everything.  They do have webcasts, further information and the forums.  A few folks have even started a facebook as a masterind group with a page to share notes on.  

 

Good luck and have fun.  Let us know what you think.

 

Darren

I was a charter member of the Internet Business Mastery Academy.  I would definitely recommend it to anyone who is thinking about an internet business and is completely new to the concept.  I actually had been doing business on the internet for about 10 years, but it was really an electronic storefront for a traditional business.  Internet business is actually a different concept so I relearned a lot even though I have lots of experience in certain aspects of internet businesses.  

Having said this, I would like to think of myself as an alumni since I am not part of the academy anymore.  The program is pretty targeted at a specific level of knowledge.  Much like high school, it's not something you are likely to stay at for more than a specific length of time, or when you have learned all they have to teach.  I still listen to Sterling and Jay regularly on the podcast and I would definitely consider other programs they may come out with in the future.  

I just wanted to thank you, Mike, for the question.  It's the exact question I've had for several weeks.  I've been listening to the IBM podcasts for quite a while and have really enjoyed them and have learned a lot.  I feel like I'm ready to take the next step, but I'm always leary about plopping down a large sum of money when I don't know exactly what I'm getting. 

 

So, not only thanks for asking the question, but thanks to all of you Academy alumni for chiming in and providing such detailed responses.  It's extremely helpful for all of us "newbies."  It's great to feel like we're all in this together.  I hope I can return the favor someday.

Thank you everyone for your great responses.  Being able to get the advice of other individuals who have taken the internet business journey as well as those who are embarking on the journey is priceless. 

After much, much thought and deliberation concerning different types of businesses, my wife and I have decided that we are going to launch our own internet business.  Essentially the general plan and order of steps in the plan we are pursuing is to start;

  1. Affiliate marketing,
  2. Making our own e-product(s) to sell
  3. Developing our own Iphone/Ipad App
  4. Having our own physical Product to sell
  5. Other.

So, we’ll be starting with affiliate marketing and as such we have decided to take a course called Affiliate Marketing for Beginners (www.affiliatebeginnerscourse.com). So far, we have been very impressed with the course and we believe that it will help us be successful. (In the interest of full disclosure, we are not receiving affiliate income from the above site….yet J )  After we’re successful with our first affiliate program and have a decent amount of income coming from this stream, we will probably take the Internet Business Mastery Academy course. 

So again thanks for your help and insight – we really appreciate it!

God Bless

Mike

Mike,

 

You're already familiar with Internet Business Mastery, which is a good thing. So here are a few other resources you definitely should look into:

 

  1. The Smart Passive Income Blog (!!)  Pat Flynn (an Internet Business Mastery Academy alum) lays everything out and holds nothing back. Read about him and his story on my other blog: Quitter Profile: Pat Flynn. Check out his monthly income reports where he actually shows you how much he made from various Internet passive income sources.
  2. Yaro Starak and his blog: Entrepreneurs Journey. Be sure to check out his podcast interviews. They are great.
  3. At my blog, A Couple of Quitters, my wife and I are on a journey of starting Internet Businesses by doing what we're passionate about. This blog is our journal of every step we take--the ups and downs. We also share neat tools and stories about people like us.
  4. Check out Erica Douglas' story. She blogs at Erica.biz
  5. You're probably going to spend a lot of time with Lynn Terry when you check out her Clicknewz.com blog. She's a marketing guru (a real marketing guru with 14+ years of experience).
  6. No list is complete without Darren Rowse's ProBlogger.net. This blog has been around almost as long at blogging has been. Darren stumbled into making money by blogging and he's never looked back.

 

There are many more excellent resources out there but these are pretty hot. Good luck and if there is ever anything I can do to help (though I'm still learning and on this journey too), I'd be happy to help in any way that I can.

 

Best Regards,

Scott

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