Archive for October, 2009

“Do you want to fast track your…” what?

October 27th, 2009

I received an email today that began with a question:

Are you looking to fast track your degree?

What does that mean? I had to look it up

“fast track”

a rapid means of achieving a goal; “they saw independence as the fast track to democracy”; “he took a fast track to the top of the corporate …

Ah no thanks, I’m quite happy with the pace that my degree is going.

“Fast track” isn’t a colloquially used term. You’ll never find two friends talking to each other asking, “hey you wanna fast track…”, or “dude, are you going to fast track that or what?” It probably came straight out of a corporate ‘vision statement’ brainstorming session, so it sounds foreign to us.

Emails that open with a question are intended to provoke a “yes” answer, but in most cases, it sounds more like annoying marketing speak. Not the good kind of marketing speak. The good kind of marketing speak sounds authentic, like a recommendation from a friend–someone you can trust. No, this is a failed attempt at marketing because it emulates the bad kind of marketing. The bad kind of marketing is the stereotype we have of marketing and sales people. The scheming, lying, dishonest, blood sucking, scum filled rodents in this service oriented economy. They’re the people who send you spam, the people who are trying to sell you drugs that you don’t want, the people who pretend to be your friend at school and abandon you when you needed them, the people who made your baby cry.

Why do emails that start with questions like this trigger such strong emotions of distrust? Maybe it’s because we’re exposed to far too much of this from spam and advertising. “Are you looking for the perfect vacation”, “what are you waiting for?”, “feeling depressed?”, “are you ready to get back to school?”. As a result, we’ve instinctively learned to respond with “No, and go away!”

Another reason that emails like this provoke these feelings might be that the sender didn’t have permission to ask. They’re questions that require you to think and make a decision. Some of them are personal, and they’re not the kind of questions that you would ask someone during the first meeting. Subconsciously your mind is saying “how dare you ask me that, I barely know you!”. Asking a personal question first without an introduction is a bad way to greet someone. Asking, “what time is it?” to a stranger is ok because it has a factual answer, and the person asking really wants to know. Your answering it is helping some else. Helping others is a good feeling. Even then, that question is usually proceeded by a request for permission ”excuse me, what time is it?”. On the other hand, a personal question, even one like “How are  you?”, feels intrusive when it’s asked by a stranger. It provokes the response, “who are you to care?”, and in the context of a spam message, a positive response to it is like an invitation for more spam. Most people don’t like that.

A much better way to send that email would have been to use a more human greeting.

Hi Charles,

I’m from [blah] and we’re doing [this]. It might be interesting to you because you’re a computing student. etc etc..

There. That wasn’t so hard was it? It’s much more authentic, like a greeting from a real human, not a marketing drone.

Quote: After a decision, going down the path is the easy part

October 24th, 2009

This quote came from a recent post by Seth Godin.

After the decision, going down the path is the easy part.

Decisions without perfect information is scary. Often times we have to make decisions with uncertain outcomes. If waiting longer means that we can obtain more information to help make that decision, then wait. But I think that more often than not, waiting longer doesn’t help and it’s not worth the agony of worry and indecision. The easiest way to become certain is to make a decision and go with it.

It’s easier said than done, and I often have to remind myself of this.

Being Extraordinary

October 22nd, 2009

Most people are normal. They’re good at some things, but not that good at other things. Some people are extraordinary; they’re so good at something that they become known as gifted or talented in the thing they’re good at. The girl who always tops the class is extraordinary. The guy who regularly wins the poker tournament is extraordinary. The athlete who is the best in the world for more than 4 years in a row is extraordinary.

Being good at everything is extraordinary, but being the best at one thing is also extraordinary. It’s getting harder to be good at everything. The domain of human knowledge now is far too great for a single person to learn. Competition is far too fierce for anyone to be the best at more than one sport. I would bet that more extraordinary people today are only extraordinary in a very narrow domain compared to extraordinary people only 100 years ago.

The good news is that there are more opportunities to be extraordinary today because there is more to do today than there was in the past. You could be the bests player of a particular video game or the best lecturer in the university. If you’re the best, you will be noticed and labeled extraordinary. Being noticed gives you the power to influence those who noticed you. With that power you can become more extraordinary.

When it comes to being extraordinary, the sum of above average skills across a large variety of disciplines is not perceived to be nearly as extraordinary as being the best at one thing, even if the narrow focus of becoming the best made you below average in many other skills.

I guess the lesson to learn here is to invest in becoming extraordinary, because being somewhat good at lots of things is only just above mediocre.

This post was inspired by “Why the 80-20 rule is wrong“.

The problems with work at home internet marketers

October 18th, 2009

The idea of working at home, making money online, making a passive income has crossed my mind a few times. The people giving advice on how to do it call themselves internet marketers[1]. The problem with internet marketers is that most of what they’re selling seems to be how to become an internet marketer. Some of the suspicious ones will ask you to join their ‘affiliate’ network, presumably that’s how they’re making most of their income.

It all seems like a thinly disguised pyramid scheme where the people at the bottom make next to nothing. Do they actually create anything useful for others? My instinct tells me that at best, they’re creating false hope. Much like the lottery. At least with a lottery, you play once, you don’t win, that’s that. With internet marketing, you could waste a few months throwing your free time away at something that you won’t be proud enough to admit you tried. What I gather from some of these work at home programs is that it requires a significant amount of discipline and persistence to work. It almost replaces a full time job in some cases, with no guarantee that any success will come of it. If you succeed, you’re one of the lucky ones, if you fail, “you weren’t dedicated enough”.

A wise teacher once said to me,

“if someone really did have a system that could predict stock prices to consistently make a profit, then they would keep that technology a secret. Any body trying to sell you such a technology is scamming you because they’re obviously not making enough money from their own system.”

He was referring to the suggestion that [insert some high tech day trading company] is selling a neural network driven AI to predict stock prices claiming [insert outrageous returns]. I think it applies to many of these ‘work at home’ schemes out there.

Many people will have made this conclusion as soon as the idea crossed their mind, but I’m curious and maybe a bit stubborn, so I had to spend a some time researching it before ruling them out as something I could do. Admittedly, I haven’t tried any of these schemes, and would rather not post the ones I’ve read about here because that would be unintended promotions. There is just too much junk out there for me to continue researching. I’m sure there are people who are bitter about wasting their time trying a ‘work at home’ system, they’re just too embarrassed to share their story. Either that or no body is searching for them, search engine algorithms make things impossible to find if your search is unpopular. Nobody searches for the losers, just for the winners and the marketers selling the stories of winners.

I feel pretty stupid for even spending time researching this topic, but I’m not ashamed to share the fact that I did. At least it gave me a new blog post for the week. :)

[foot notes]

[1] I may be mislabeling a group of people here, ‘internet marketer’ is just a convenient term to call them because I’m not creative enough to think of another name.

A collection of entrepreneurial video talks part 2

October 18th, 2009

Paul Graham at startup school 08 talking about how to create a successful [web/tech] startup.

Steve Jobs giving a graduation speech at stanford.

I’m starting to think that this isn’t the best title for posting these videos, a more accurate title would be “A collection of inspirational speeches by extraordinary people”

A collection of entrepreneurial video talks part 1

October 10th, 2009

I’ve recently developed an interest in entrepreneurship and investing. This is going to be the first in a series of posts about inspirational speeches by successful entrepreneurs.

Warren Buffett gives a speech to recent grads on investing in businesses that you understand with high barriers to entry, long term investing, and doing what you love.

Guy Kawasaki “The Art Of The Start” 10 pieces of advice for entrepreneurs