Is It Realistically Possible To Be Making $1,000 PER WEEK Online By The End Of My First Year Online?

34 replies

I am in the position of being able to take voluntary redundancy and walk away with one year's pay, but I need to make a quick decision.

Having purchased numerous eBooks, courses and software over recent years, while constantly chasing the next 'must have thing' I decided that the time had come for me to stop reading and start doing.

I recently made a Squidoo lens which is generating around $30 a week in ClickBank commissions. This is obviously nowhere near enough to live on, but the fact that I have made any money at all has made me realise that perhaps I can make a go of this.

After all if I can make $30 from one site then surely I could scale it up and make $300 from ten sites? However what if my first lens was a fluke and subsequent ones make only a fraction of that?

Ideally I would have liked to wait until the end of the year so my income potential from working part-time online becomes clearer, however the redundancy scheme ends in two weeks, so I have to make a quick decision.

One advantage of quitting work now is that I could work online full time and really give it my full attention, whereas at the moment I am trying to do little bits of online work at night after a full-time job. I could probably achieve more working a few months full time than in a whole year of working just a few hours each evening.

A disadvantage is of course that I would not be able to replace my present full-time income and then I would end up in serious financial problems if I could not find another JOB paying a similar wage to my current one within the next year, before the redundancy money runs out.


I would like the opinions of any 'members of this forum who are quietly working away and making money online as to whether it is realistically possible to be making around $1,000 per week by the end of my first twelve months of working at my business for a full year, as this is what it would take to replace my full time income.

Obviously if I took any notice of the numerous websites and email sales letters that I am bombarded with on a regular basis I would know that the goal of $1000 is easily achievable. However, the cynical side of me suggests that I should seek the opinions of fellow Warriors who are more knowledgeable and perhaps more grounded than me.

I'm not asking you to advise me on what I should do, that is obviously a decision that I need to make for myself, just to indicate if my goal of $1,000 per week by the end of one year is realistically possible.

Any opinions or advice would be gratefully received.

Steve.
#end #making #online #realistically #year
  • Profile picture of the author Jason Johns
    Hi Stephen,

    I think it is possible for you to do this in a year. I would strongly recommend you create a plan of action for the year and even break it down into actions each day, e.g. niche research, article writing etc.

    You're in a great position with the redundancy pay to give it a shot with a nice safety net. Heck, you can give it 6 months, see where you are and then go looking for a job as a worse case scenario.

    I don't see any reason why you couldn't be doing this in a year. Focus on building valuable real estate, products and sites. Create multiple streams of income, e.g. clickbank, your list, adsense, your own products, etc.

    With that you should do very well indeed - particularly if you can focus your full attention on it.

    Good luck with it!

    Jason

    p.s. remember - get a plan together so you know what you are doing!
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  • Profile picture of the author John Taylor
    Steve,

    Originally Posted by StephenDavies View Post


    Having purchased numerous eBooks, courses and software over recent years, while constantly chasing the next 'must have thing' I decided that the time had come for me to stop reading and start doing.
    Jumping from one thing to another without
    following through in a consistent manner
    will lead you nowhere.

    As Jason has already said, you need a plan.

    Choose one and only one business model to
    begin with. Set out clear objectives, decide
    how you will achieve those objectives and
    then implement your plan.

    Do not allow yourself to be distracted by
    anything that is not compatible with your
    plan.


    Do not invest in anything unless it will help
    you to operate your business more effectively.

    A target of $1,000 per week is certainly realistic
    as long as you stick to your plan and put in the
    required effort.

    The starting point is finding a niche market in
    which you will enjoy working and where people
    are willing to spend money.

    John
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    • Originally Posted by John Taylor View Post

      Steve,

      Jumping from one thing to another without
      following through in a consistent manner
      will lead you nowhere.

      As Jason has already said, you need a plan.

      Choose one and only one business model to
      begin with. Set out clear objectives, decide
      how you will achieve those objectives and
      then implement your plan.

      Do not allow yourself to be distracted by
      anything that is not compatible with your
      plan.


      John
      There are some great responses in this thread, but this is key. Stick to one thing at a time. It is hard! Trust me. You are constantly hearing about the latest idea, or latest product. Or, you come across another niche.

      Focus. Write the other things down as they come to you. My computer monitor is lined with yellow sticky notes of ideas I come across, but I dont even think about getting into them until I finish what I am doing RIGHT NOW.

      A chicken with his head cut off will run around like...a chicken with his head cut off. But in a short period of time, he dies. A chicken with his head on straight stands around and pecks deliberately. Keep your head on!
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  • Profile picture of the author Kevin Regier
    Again John great great info. as everyone is this thread, and everyone in this forum actually. I am working towards a $1000 a week goal myself and this thread had some great info for us new to the field.
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  • Profile picture of the author dsmpublishing
    I would say that if you put the effort in and dont waste money on pointless advertising and gradually build up your business that it is very easy to make $1k a month in the space of 6mths if not more.

    You have to find something in internet marketing that you are good at. Once you have an income stream with say $30 a month make 100 more of the same thing and build build build.

    The build some more....

    I met a warrior member recently that was not making a profit 3 months ago now hes getting a reputation for his skills as a professional blogger. see what you are best at and only buy software ebooks etc that you actually need and only when you need them.

    Dont buy an article writing ebook unless you will use it this week not for six months down the line.

    kind regards


    sam
    x
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  • Profile picture of the author AndrewCavanagh
    Yes it's possible.

    Avoid the "idea of the week" club and get good at just one thing.

    Put all your time and resources into developing your skill in that area.

    When you're really good at something it gets a whole lot easier to make money.

    Possible areas:

    Pay per click
    SEO
    Copywriting
    Affiliate sales
    social networking
    helping local businesses
    article marketing
    creating information products
    marketing with online video
    etc etc

    And expect to work your arse off for a year.

    It does take some time to develop the skills and resources you need but 1 year is a realistic goal if you stay focused and work hard.

    Also be strict with yourself.

    Ideally get a mentor and do EVERYTHING they tell you to do for 1 year.

    Kindest regards,
    Andrew Cavanagh
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    • Profile picture of the author Josip Barbaric
      It's possible. It took me 11 months online to get to a $1000/month, so why should it be any different for someone else.

      The most important thing here, as mentioned by others as well, is for you to stop chasing the "next big thing" and focus on stuff you already know and make a plan. It's as simple as that, or at least it should be.

      Choose an area that you are comfortable with and make things happen.

      Cheers,

      Josip Barbaric
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      • Profile picture of the author luckystepho
        I was thinking it would make a great subject for a blog- blogging about your attempts to earn $1000 a month within a year.

        And if you do reach your target (I'm sure you will!) then you could write a great WSO as I'm sure there would be plenty who would love to know how to do it (me included!)

        Good luck!
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      • Profile picture of the author StephenDavies
        Originally Posted by Josip Barbaric View Post

        It's possible. It took me 11 months online to get to a $1000/month, so why should it be any different for someone else.
        Josip, would you care to tell what methods you used to achieve that, was it ClickBank, Adsense, own products?

        PM me if you prefer.

        Steve.
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        • Profile picture of the author Josip Barbaric
          Originally Posted by StephenDavies View Post

          Josip, would you care to tell what methods you used to achieve that, was it ClickBank, Adsense, own products?

          PM me if you prefer.

          Steve.
          Hi Steve,

          I have no problem talking about this openly. I mainly used Squidoo, article marketing and link building for SEO purposes. I made some money off of Yahoo Answers, but I didn't like the energy of the place so much.

          I built about a dozen Squidoo lenses, promoted my MMO site via search engines and that's about it. I kept it focused and I actually didn't do that much work in my first year. If you need more details, I'll be glad to spill the beans

          Originally Posted by Bounderby View Post

          To everyone referring to $1000/month, if you read the OP he says per week. Four times the work.
          Sorry about that. My bad. But I don't agree that it's four times the work. Building momentum and a foundation for your business is the hardest part and takes up most of a person's time. This would be like saying that Frank Kern or someone else works 100 times more than me.

          I have made some many mistakes in my first year that I can say with confidence that 10 times as much money per week can be achieved with focus, dedication and a clear plan.

          Cheers,

          Josip
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  • Profile picture of the author Bounderby
    To everyone referring to $1000/month, if you read the OP he says per week. Four times the work.
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  • Profile picture of the author Zeus66
    I'll weigh in on this one...

    Get a mentor. There are a LOT of possible mentors right here in this forum. If you're going to be going at anything in IM full-time, a mentor will be invaluable.

    If getting mentored isn't your cup of tea, at least build some strong relationships with some of the more seasoned Warriors. See who's replies in threads you most enjoy and get useful information out of. Track some usernames for awhile. Then PM a few and see if they're open to having some discussions about these shared issues.

    You won't believe how much you learn and how much the people you really get to know here will help you advance toward your goal.

    John
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  • Profile picture of the author jasonl70
    Yes, it's certainly attainable. The best part is this - you seem to already be taking the correct approach: that you are building up a business over the next year. This is a much better mindset then the typical "I want $1500 next week" type
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  • Profile picture of the author SMP
    $1,000 / month is highly achievable and you've certainly got the incentive to make it work.

    I completely agree with a couple of the other Warriors on this thread - find something that works (such as the $30/month Squidoo lens that you've already made work) and replicate it multiple times.

    Following a plan is also important - with the plethora of IM techniques, products and ways to market available, it's so easy to try a dozen things at once and get nowhere. If you follow a plan, it's easier to keep your focus and develop your business steadily without going off on a tangent.

    I would have jumped at the chance of taking a year's income to concentrate fully on IM like this but it might be wise to get a mentor to help you in the first few months, just to make sure you take the right course.

    In the grand scheme of things, $1,000/month is not a huge amount and I think you'll be pleasantly surprised how quickly you can ramp up to this with the right advice and direction.

    Good luck.

    Steve.
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    • Profile picture of the author StephenDavies
      Well so far I have found the replies more than a little encouraging.

      Is there anyone that thinks that making $1,000 per week by the end of 12 months is NOT realistically acheivable?

      Steve.
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      • Profile picture of the author adamv
        Originally Posted by StephenDavies View Post

        Well so far I have found the replies more than a little encouraging.

        Is there anyone that thinks that making $1,000 per week by the end of 12 months is NOT realistically acheivable?

        Steve.
        The only way it's not realistically achievable is if you are on your own and have to figure everything out for yourself. The fact that you have found this forum early on in your IM career is a huge benefit.

        There is a lot of great information on this forum to be had for free. There are a lot of WSOs with valuable information. And if you are looking for a mentor there are people on this forum who would take you on as a client and help you reach your goals.

        With a good plan it's not a far fetched goal to reach that income. Stumbling around in the dark and figuring everything out for yourself would make it far less likely.

        Like others have said, have a plan and stick to it. Plan your work and work your plan and you can reach that goal.
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  • Profile picture of the author geoffcruz
    1000 a week? you should a very warm list if you want that kind of income
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  • Profile picture of the author sbucciarel
    Banned
    The key word here is "possible". Yes, it's possible, but look at how many fail. Who can really say who will succeed and who won't?

    It took me longer than a year to be really successful, but I got there. Had to change everything more than once until I got it down and I still learn and change or adapt.

    Thing is ... you are the one who has to decide whether or not to take the risk and that's exactly what it is ... a risk. How much will it cost you if you don't succeed? A house? A family?

    What's the job situation like in your area? Would you be able to fall back on an emergency plan and replace your full time job if the online stuff doesn't work out for you? The economy is so incredibly tough right now that I personally wouldn't recommend to anyone to give up a full time job unless they were already making enough money online to survive.
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  • Profile picture of the author DH Harris
    If you have the right information and take the right actions you should start to see results in 90 days. I'm working on some free material that will outline this for beginners.
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    DH Harris
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  • Profile picture of the author boballen
    Great thread. I wish I had found this forum a few months ago. It's my own fault, thinking I could go it alone. I was too eager to get in and do. Now I realise you should take your time, read, study, follow forums like this one and then create a plan before you start signing up to this or that. Unfortunately I have wasted a lot of time and money jumping around from one thing to another :-(

    There are many good resources out there and it is easy to get distracted from what you are doing if you don't have a plan, or mentor to guide you. I realise that now.
    I guess it's a good learning experience :-)
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  • Profile picture of the author ADAMw3
    Best advice:

    If you are going to work online... Treat it like a business. Although some people make great money setting up affiliate sites, that is not a business.

    I'm not saying you have to create your own products (which i highly recommend), but you need to start collecting leads (email addresses) ASAP.
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  • Profile picture of the author Talinn
    It is certainly possible. See my thread on how I made approx. $3000 in my first money making month over the Internet: http://www.warriorforum.com/main-int...0-dollars.html
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  • Profile picture of the author Greg guitar
    I'm a newbie too, but one thing that I can say with confidence is that if you haven't already, you should join the Warroom. For the price of a modest ebook, you'll get the cream of the crop of useful info.

    Every OP has to pass Alan Says' judgement that it's offering something of real value to the other members. There are no threads that start with "So and so ripped me off", or "I'm ready to give up". The thread has to start with helpful advice, a useful piece of software, or something else (fr**), that Alan agrees is helpful to other members.

    There is one small section for thread starters to ask questions; otherwise it's all people that know their stuff, offering something to the members for fr**. It's quite common for new members to post something like "if I'd known what I was missing, I would have joined much sooner", or "just a single thread is worth the price of admission!"

    Good luck, and for what it's worth, I think you can do it, and so can I.
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  • Profile picture of the author cscarpero
    It's hard to say. How much do you know now? How fast do you learn? I DON'T think that it's realistic to get to that point on Squidoo and bum marketing. However, it is definitely achievable with ppc. Just one strong winner would get you there.

    Or create one decent product for Clickbank and that would get you there too.
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  • Profile picture of the author GuerrillaIM
    I am in similar position to you (without the large payout). I have been doing IM for my bricks and mortar company for years but have not been on the affiliate end of the deal too much before.

    I need to be earning that sort of money within 3 months. My plan is outsourcing all repetitive jobs and getting a large volume of blogs out there.

    In a day you can easily do some keyword research and write a landing page. Then simply order a few articles for your keywords, add them to the blog and then build links and advertise.

    This is my plan anyway. I hope to be able to produce 2-3 blogs per day that average $50/month each. This might be unrealistic, I am not sure yet as I have just started, but the plan is to create a volume of blogs over the next 3 months then after that go back over them and keep working on them to increase profit.

    This will be long days of work and I need my system perfectly refined. Right now I am still running into annoying technical problems and having to take time out for research but in a month I should be at full speed and producing a minimum of 2 blogs per day.
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  • Profile picture of the author cheesy
    It is possible, but you have to be very dedicated, spend a lot of time growing your sites, you'll have to put in a bit of money to get the site going, and build traffic. But if you take the advice on this forum, it is highly achievable.
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  • Profile picture of the author James Schramko
    Are you a business person?

    The most important thing is operating this as a business.

    If you have a hostage employee mindset you may fail.

    If you have an entrepreneurial bent you will be fine.

    "Start as you wish to continue"
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