How much money do you really need to make?

What they don't show you..is the amount they spend on advertising to get those figures. So, they spend $750k to make $1mil (just a rough guess). They are obviously showing you gross revenue. If they were netting over $2mil per year, they wouldn't waste their time doing what they are. It's another revenue stream for them.

you're absolutely right, I think the same thing every time some "guru" comes out with the next BIG product to help people start making money with the click of a button.
There are people out there though, who have made a lot of money online but after a while its probably more a case of them wanting to get their name/brand recognized and well-known in the IM industry in the same way you would think of Michael Jordan in basketball or Muhammad Ali in boxing

There is no telling how much of it is hype and how much is truth. I am not sure how much they were selling their course for but I am sure it brings them a nice sum of money each month and thats a large part of their money. You have to be careful with Clickbank numbers as they can easily be faked and screenshoted.

I understand where you are coming from. It can be very complicated to understand all this.

I can recall some time ago, i was having troubles having my site listed high on the SERP and making money on the internet. I posted many request for help of information and mentoring and never got any useful thing that i can work with. The ones who actually want to help mentor me was interested in charging me about $1, 000 for two months. Then i wasn't making up to $10 a month and i said to him, if i have $1, 000 to offer for mentoring, i wouldn't be looking for you and of course, he disappeared.

But the fact is, the guy is very well known and rich in IM and wasn't ready to offer his time for free despite all the money.

Along the line, i met with another guy after lamenting on the forum and he offered to help me all for free. I must tell you, this guy does not really look like a pro to me or when compared to the first one who wanted to charge me. As the mentoring began, i had to hands off everything i was doing because i knew i was been taught something out of the blues.

To cut long story short, i just gave an example of two different kinds of people, all successful.

Some people are just naturally greedy, or simply need to regulate entry into this business arena and that is it.

Holding the seminar is just another way to make quick money.

I agree with you guys. I wake up in the morning, check my emails, click on the webinar one, put the 'do not disturb' sign outside my door, get a cup of coffee and then get ready for the six figures speech lasting over 1 hour. I always thought that they were helping me in these webinars until I realized the paypal account showing a minus $47 or $97 or even more. The only ones earning the six figures are the three of them - two presenters and the chap who is 'offloading' his product to us. God help us!

I get about 2 webinar invites a day and I follow the herd day in day out. How does one come of the shiny object/WSO/Webinar disorder?????

1) Screenshots of clickbank can be faked very easily
2) Even if you see someone bank $10,000 per day, you don't know how much went on advertising ($9,000 probably)
3) Most IM guru are one hit wonder, for example John Reese made $1million in one day and he has been riding on that particular story for a long time, probably cannot even reproduce that success.
4) Refunds - most of the $2k courses have high refund rates, but you will not hear about it.
5) JV Partners use each other's screenshots to make it look like they have multiple accounts
6) etc

What I've found in working with very successful people is that the more they make, the more they want to make. And it's not necessarily about being a money grubber or miser. It's just when you experience success and making money, you love the thrill of making more even though you may never need it. It's all about having control over your own destiny.

lol at this thread...

@ the OP title: As much as you want is enough.

Now...

As infopreneurs, the aim of the game is to build as many income streams as you can.

I used to think the same thing as the OP, until I read the One Minute Millionaire by Bob Allen and Victor Hansen.

As part of their bonuses, I downloaded a report by Allen which explained the theory.

Basically...

Your income streams are like a series of circles / rings - like a cut tree trunk.

The smallest, most middle circle is your topic / first product.

Then the next one is a higher income producing venture and so on.

In this case you may start with an ebook @ $27.

Then you add email support @ $97.00.

Then you add e-coaching at $297.00

Then you add 1 on 1 coaching.

And so on.

Eventually you systemize your business and sell that as a product. So in effect, you enter a new phase of your career where you teach others what has worked for you.

It has nothing to do with your original ebook. It's now all about teaching how you built a successful business starting with that ebook.

I see nothing wrong with this approach and have done so myself.

It isn't as simple as why do it if they have made so much money.

Speaking for myself, I made my $$ in real estate and then wrote a book. I then discovered IM and it presented a new challenge, so I gave REI away.

Bottom line: Even the gurus have bills to pay, but for many, it's not just about the money.

A million dollars isn't cool. You know what's cool? A BILLION dollars.....LOL!

Most of gurus talk about six figure income in coaching program. After joining to the program, they will introduce to make own product and build a list. This is the famous basic in IM. Most of newbies fail to create a product to promote.

I think they are not making as much as they claim. Moreover, if you would find out a perfect way on how to make a lot of money online, you would keep that a secret and would't tell anyone about it. IMO most of these programs are scams.

If I found one product that I could make a profit on from pay per click advertising, with an endless amount of customers, I could easily keep putting the profit back into buying more ads. It was said already, there's no way to tell how much he spent to make that, so his profit could be zero, you don't know, he could have just fabricated the figures completely.

but if you do not believe the hype, then just don't buy the product, attend the webinars or training. Simples. I think the best way to learn in this game is just get out there on your own and do it, be that on a shoestring budget or with some investment behind you. Once your start making your first bit of profit re-inject that back into what you're doing.

I know of a friend doing about $30k a month net and is all silent. A different close friend does about half of that (about 15k/month) and uses over $10k on marketing and he's all over the internet with info products and webinars...that's like 5k a month.

All hype I guess. Just do it yourself.

Depends on how you live.
I only need enough to:

• Keep a roof over my head
• allow me a good internet connection
• keep me in beer
• make my wife happy - (prob the most expensive )
• feed ourselves
• go to a concert/gig/show a couple times a month.

Man... the amount of wrong assumptions in this thread is simply mind-blowing... I see so many people here in the IM industry who don't actually understand how IM truly works... :rolleyes:

The reason as of why someone who makes 6 or 7 figures a year sells a training program is because it's MUCH easier to systematize a formula, package it up and sell it as a product, than it is to actually exploit the formula itself.

That doesn't mean that the formula doesn't work, but it's a much easier money to "sell" the formula than to "do" the formula.

Why do you think consulting companies exists? if they are so great at optimizing and managing businesses... why do they need to consult others how to run their respective firms instead of running their own? It's the same principle: it's easier to "advise" than to "do", even if the advice does indeed work.

You guys should put down the guru-hate mentality, and start understanding how this business works... :rolleyes:

This irritates me, every time I see the words: " Let me show you my secret...." right. You such a nice guy, you going to reveal your secrets for $10. You are such a kind person. Give me a break!

There is no GURU in IM.

The whole industry can be looked at like a pyramid scheme, a bunch of people who make money online teaching other people how to teach other people to make money online, the winners are those who started first and have the biggest reach.

I dont believe that those gurus really like to help you to make money as like they do.They just make more money by selling their 2nd class stuffs.Making 6 figure per month is possible but you need to figure it out yourself and only continuous learning,experiments,enthusiasm and actions can make this possible for you.

So about $1000? : )

OMG, what a mindset this thread has! Beyond primitive...

Is this the type of mindset I had when I was starting out? Hell no, If it was, I wouldn't be where I am now.

When you're making so much money, I believe ideas just start to come to you rapidly that most people don't think of. And I think it's good to have multiple income streams so you can possibly affect the lives of other people who are less fortunate then you. Also, I here when people get things for free, they usually tend to de-value it. (if that's a word) When you have to work for something and pay the price for it, you value it a lot more and at time I think their training is priceless to be honest.

If it looks too good to be true then it probably is...................

It's their way of making extra money, to cover all the expenses. I think people expect to make millions on IM when they start, but that's never the case when you get into it.

We make what we can, and that's what they're doing.

GOOD point.

Work is very enjoyable for some. Just like a runner who enters race after race they want to test themselves. Or after winning races as a runner they want to do triathlons to test themselves.

I have been very fortunate to be making very good money outside of IM but I want to test myself to see what I can do in a new area, mainly IM, to see if I can do well in this arena.

It no longer is about the money. It is about the challenge and testing yourself.

Gurus will exist as long as there are enough suckers out there to buy stuff... and there will always be plenty of suckers, most of whom don't realize they are suckers.

they know how to sell very good and give lots of promises. but in this days its better to sell something that you know that will help people to make more money cause than people will follow you and you can make more money from them.