If its easy to make $10 you can also make $1MIL

[GeorgR.]

This is a very old "philosophy" and certainly the base for any marketing out there.

You can make your first $10 easily.

You take 50% of it "investing", say in ads, or you outsource, let someone write an article and submit. Or you buy a new domain or hosting.

Sooner or later you will make another $10 maybe $100, maybe more.

Again you take a certain part of your profits and do "intelligent" investing, you pay more people for submission and link building, you spend your first $50 on a clickbank vendor account/product, you buy a WSO, you make more sites, you buy more domains.

You make some more sales, you increase your "spending"...you start advertising on bigger sites, buying banners, more submission, more products, more people working for you...

And so on.

Its only numbers. The principle works whether you want to make $10 or $1000 or a Million, it doesn't matter. Always take a certain chunk of your profits and re-invest.

G.

[Ben_Curtis]

Georg,
That is a great short and long-term plan for continually growing your business, and it is simple enough to remember to do each time you reach an earnings mark.
Thanks for the thoughts.

[natedamm]

Cool post I like that idea. I think this would help a lot of people, including me. I tend to spend the money I make pretty quickly on some pretty dumb stuff I am sure I am not the only one with this problem...

[Pete223]

After all, it's only 5 more zeros

Kidding aside, that's exactly how the super rich get super rich!

Regards, Pete

[GeorgR.]

and i am saying that since i started out in IM literally with ZERO.

"Literally" in a sense that i didnt even have the cash to get domains, so i filled out some surveys, there was a site offering free domains for some surveys.

Its ridiculous thinking back now, a domain is only $9, and now IM pays all my bills and rent.

I am just saying that it might only be a "psychological" blockade if someone thinks its not possible to make a $1M..since it doesnt matter whether you go from ZERO --> 10 , 10 --> 100, 1000 - 10000 or even a MILL.

The "principle" is always the same, and a mill is *not* harder, its just a matter of time!

I am still not convinced about my clickbank stats and sales (just as an example)..there is always things to tweak and to make better...but i just saw my yearly stats and i doubled my CB earnings from last year...this is GREAT

Also..this "success curve" is not straight, it actually increases in an exponential way...in simple terms: Even if you always take only a certain chunk of earnings and invest wisely....the ROI then and the re-investing actually cause a snow-ball effect. (In even simpler words: Once the ball is rolling it does really roll, if you get my drift

Yes...the spending money (and time!!) on "dumb" and useless things is a crucial thing to think about. ALWAYS sit down and think:
"I am spending X money/time on this"...what will be my real ROI for the time and money spent?" or "could i maybe spend my time wiser".

(I can give you an example from my view as a developer or web designer. You could spend WEEKS or MONTHS on a project, be it a program or a site...but the outcome is uncertain. Sitting on the project and programming and designing does NOT make you money while you are sitting there for months!
You might think "maybe i can outsource this, maybe someone can make this faster and i can use my time for other things"

I catch myself very often spending a LOT of time on things where i see that the ROI at the end is actually not worth it, try to avoid this if any possible.

[mookinman]

The hard part is knowing where and how to re-invest the money.

Next week I will make £500 profit, give or take a few quid. I'll spend it all on food, drink, Christmas gifts etc. Or maybe I should spend £100 on getting flyers printed advertising my web design or t-shirt printing services to local business, and pay a friend £50 to deliver the flyers round the local business & trading estates. That way I might make £1000 the following week.

[Cash Blasters Online]

Sometimes it works in theory but if the well runs dry, or you run out of people who have an interest in what you're selling then you'll lose money and.... I have seen that happen before. But you are right also, if you can keep people buying you can become very wealthy.
Depends on supply and demand, and a little help from God.