The Secret to Making Money Online & Why David Heinemeier Rocks!

It is not a secret, actually. I don’t believe in secrets although it is a common practice to overuse this word nowadays. I believe in hard work and the right STRATEGY. And this is what David Hainemeier Hansson is talking about in his latest presentation at Startup School 08. David is a creator of the web-application framework Ruby on Rails and a partner in 37signals, one of the most agile web agencies in the world.

Watch The Secret of Making Money Online by David Heinemeier Hansson (length: 31:52) on Omnisio

I can’t agree more with David as I am bit tired of all these venture capital talks, “build the new Facebook” discussions and giving away everything for free in the Internet. I believe that quality content and applications should have a price tag. It is not only good for their creators but also for users as we tend to respect more things that we need to pay for. If you have something for free, you can throw it to the bin and forget about it. If you just have paid $30 for an e-book or $300 for an online course, then you will put effort in reading/learning.

In my last post I wrote about Teaching Sells and I am glad its launch was successful and that premium content is getting more popular. We really need more value in the Net as it is just overcrowded with domain parking ads, AdSense spam sites, spam links and a lot of non-value things.

Coming back to David’s presentation, I really like his approach and I share his point. But what I really enjoyed from his video is what he said about developing your own business online - you don’t have to hurry, you don’t need to hire 20 developers and have a new website launched in one month aiming to be another YouTube. There is a lot of space for niche Internet products and you don’t need to be a genius to have your business online that will at least give you the freedom of working on your own.

The secret from David - stop another Internet bubble madness and build some decent business online.