How to make $50000 per year

Profile picture of the author NatureGal by NatureGal Posted: 11/02/2011
If an average 500 word article pays $20, it will take 2500 articles to earn $50000

If Amazon's average commission is 6%, it will take $830,000 worth of sales to earn $50000

If Fiverr is used to make money, it will take 12,500 gigs to earn $50000
#make #year

  • Profile picture of the author Kay King
    Kay King
    Articles - that's 48 articles per week which is doable.

    But better is if you can write for $40 per article - it's only 24/week so doubling that to 48 is $100k and still doable.

    Amazon - Doesn't matter what the total sales are if you set up sites that run themselves. Though IMers used to high commissions on make money product complain about Amazon commissions, the percentage is in line with physical product sales in real life.

    Fiverr - now THAT's hard work to make real money
  • Profile picture of the author NatureGal
    NatureGal
    Originally Posted by Kay King View Post
    Articles - that's 48 articles per week which is doable.

    But better is if you can write for $40 per article - it's only 24/week so doubling that to 48 is $100k and still doable.
    Where can you sell articles for $40? and what does the word count have to be for these articles?
  • Profile picture of the author Kevin Riley
    Kevin Riley
    I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.
  • Profile picture of the author domainarama
    domainarama
    Another way to make $50k is to buy $1m worth of WSOs and implement them :-)
  • Profile picture of the author stephfoster
    stephfoster
    The ability to survive on that income depends on where you live. Where I am, it's a real struggle, but other places it wouldn't be so difficult. Then again, I'm raising 3 kids, so money's often an issue. Still, we manage our money well enough to get by.

    I've often thought about how reasonable Amazon's commissions are since I did sell jewelry in the real world many years ago, and that's near enough the commission rate we got. Admittedly we also had hourly pay, which made a big difference, but at least online you aren't talking with each and every customer who buys from you.
  • Profile picture of the author domainarama
    domainarama
    @kevin, You'd save a lot of money if you cut down on your trips to Gion.
  • Profile picture of the author InternetBusinessVelocity
    InternetBusinessVelocity
    Woah! sounds like a lot of manual labor work!

    What about creating a $97 product and making 515 sales in a year? Or run some paid traffic and make 1,030 sales with a 50% profit margin... Something like that ;-)
  • Profile picture of the author Frank Donovan
    Frank Donovan
    Originally Posted by Kevin Riley View Post
    I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.
    I know how you feel. Where I live in London, after tax you might be able to make that amount last for 3 or 4 months. Unless, of course, you ever wanted to eat out.

    Originally Posted by NatureGal View Post
    Where can you sell articles for $40? and what does the word count have to be for these articles?
    NatureGal, it's not so much a word count issue at that level - it's more a case of the market you're targeting and the quality of the article.

    Another "what if" to ponder: what if you took those 2,500 articles and built, say, 25 sites. Each site would only need to earn an average of $2,000 per year, or around $38 per week. That's just an affiliate sale or two per site per week. Achievable?


    Frank
  • Profile picture of the author mgkimsal
    mgkimsal
    Originally Posted by Kevin Riley View Post
    I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.
    The median family household income in the US is something like $43k. Granted, a lot of people were going in to debt with that income to live how they wanted, but it's definitely doable. With the housing crash over the last couple years, it's even easier in some areas.
  • Profile picture of the author Shannon Tani
    Shannon Tani
    Originally Posted by Kevin Riley View Post
    I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.
    :p

    I actually used to live fairly close to where you are Kevin (Settsu-shi in Osaka prefecture) and my husband and I made around the equivalent of $50,000 a year (I was making 320,000 a month and he made like 200,000 or 300,000 but he had a few months off after we got married as he moved from Nara to Osaka. It's confusing.) In the two years before we moved to America, we saved $30,000 and paid off $10-20,000 in debt (his. I don't know exactly how much). And this was when it was 120 yen to the dollar! We were super-lucky and found an old house to rent for something like 30,000 ($300) a month, split with a roommate.

    Now we're in America and make about the same and are treading water. The health insurance kills ya here. Getting your work transportation costs paid for in Japan is a big benefit too, though I guess that doesn't apply to you...

    Love,
    Shannon
  • Profile picture of the author packerfan
    packerfan
    If you're willing to write 48 articles/week consider this.

    Put those 2500 articles on your own site. If each one gets 1 visitor/day from the search engines, you'll get about 900,000 visitors to your site.

    Stick adsense on there, get a CTR of 5%, and you've got about 45,000 clicks...

    Let's just say you average $.50 per click, so that's like $22,500.

    But then you stick an opt-in form on the site too. Of those 900,000, lets say 5% sign up.

    Now you have a list of 45,000 subscribers who are interested in what you're writing about.

    Imagine if you created a product, or maybe even sent them some affiliate offers, etc.

    By the way, if you keep up that pace, all these numbers grow and grow and grow...

    5 years later you're a guru doing $10,000,000 product launches.

    One more important question to ask yourself...

    If someone is willing to pay $20 for an article, what do you think the value of that article is for them?

    Would you rather be THEM or the writer?
  • Profile picture of the author Adnimated
    Adnimated
    I actually just wanted to say something like this, minus the adsense part.

    I would definitely repurpose every single piece of content I write. Which is what I do anyway.

    Personally, I write about 60 salespieces a week... on a slow week. These all go on my blogs, ezinearticles.com, etc etc. I keep on repurposing each and every single piece of content. You can make serious dough when you think about it in that way.


    Originally Posted by packerfan View Post
    If you're willing to write 48 articles/week consider this.

    Put those 2500 articles on your own site. If each one gets 1 visitor/day from the search engines, you'll get about 900,000 visitors to your site.

    Stick adsense on there, get a CTR of 5%, and you've got about 45,000 clicks...

    Let's just say you average $.50 per click, so that's like $22,500.

    But then you stick an opt-in form on the site too. Of those 900,000, lets say 5% sign up.

    Now you have a list of 45,000 subscribers who are interested in what you're writing about.

    Imagine if you created a product, or maybe even sent them some affiliate offers, etc.

    By the way, if you keep up that pace, all these numbers grow and grow and grow...

    5 years later you're a guru doing $10,000,000 product launches.

    One more important question to ask yourself...

    If someone is willing to pay $20 for an article, what do you think the value of that article is for them?

    Would you rather be THEM or the writer?
  • Profile picture of the author nicholasb
    nicholasb
    Just one of my income streams has earned me close to $40,000 so far this year. I would say I have worked on it a total of 30 hours the entire year.

    the methods you have lined up will take a serious amount of work and traffic to reach your goal, my formula for 50k a year is create one product at at around $17 and sell 2563 of them and that's with around 35,000 unique visitors all year long that's only 97 visitors a day.

    then just keep creating and selling products the same way, you do have to pay out some for ppc and affiliates, taxes stuff like that, but it really doesn't take a lot to get it going.

    the good thing about product creation, is that you take maybe a week or two to create it and get the marketing rolling, then get paid on it for years. while you just keep repeating the process.

    The problem with what you have, is that you are limited and bound to how much you can make by time. You can never really exceed 50k a year using any of those models.
  • Profile picture of the author Ralph Moore
    Ralph Moore
    And if you do earn $50,000 per year, that puts you in the top 1% of earners worldwide.

    Global Rich List

    Kind of interesting in light of all of the political hoopla regarding the top 1% and the "we are the 99%" occupy groups going on right now.

    It helps to keep things in perspective.

    Note to mods: I hope this is not venturing too far afield. I do NOT want to start a political thread at all as I know it is not allowed.
  • Profile picture of the author Kevin Riley
    Kevin Riley
    Originally Posted by Shannon Tani View Post
    :p

    I actually used to live fairly close to where you are Kevin (Settsu-shi in Osaka prefecture) and my husband and I made around the equivalent of $50,000 a year (I was making 320,000 a month and he made like 200,000 or 300,000 but he had a few months off after we got married as he moved from Nara to Osaka. It's confusing.) In the two years before we moved to America, we saved $30,000 and paid off $10-20,000 in debt (his. I don't know exactly how much). And this was when it was 120 yen to the dollar! We were super-lucky and found an old house to rent for something like 30,000 ($300) a month, split with a roommate.
    Wow. I'm in Teradacho, and the tiny one-room I rent across the road for studio/storage costs me 41,000 Yen/month.

    Now we're in America and make about the same and are treading water. The health insurance kills ya here. Getting your work transportation costs paid for in Japan is a big benefit too, though I guess that doesn't apply to you...

    Love,
    Shannon
    LOL, my transportation is nil. The commute from the bedroom to the office down the hall is a killer, but doesn't cost me.
  • Profile picture of the author Kevin Riley
    Kevin Riley
    Originally Posted by Izaya View Post
    Yeah, 50k isn't a lot if your in a big city am sure. But still $50,000 in Japan isn't that little, if your only supporting yourself that is. Wasn't the average Japanese salary somewhere around 250-350k yen

    Also op, there's better ways of hitting 50k a year then writing to death.
    Yes, outside Tokyo or Osaka it is cheaper to live. Osaka can be cheap, but I guess I've developed some expensive habits. Now to go flog my overindulgent self.

    And, you actually can live very cheap in Osaka too:

  • Profile picture of the author koreancowboy
    koreancowboy
    Originally Posted by Kevin Riley View Post
    Yes, outside Tokyo or Osaka it is cheaper to live. Osaka can be cheap, but I guess I've developed some expensive habits. Now to go flog my overindulgent self.

    And, you actually can live very cheap in Osaka too:

    Can they get internetz there? :p
  • Profile picture of the author Psst
    Psst
    Originally Posted by Kevin Riley View Post
    I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.
    Are you saying $50,000 per year is too low to survive? For a household or for an individual. That amount of income a year for one single person is very enough if not too much in my opinion.
  • Profile picture of the author Newboyontheblock
    Newboyontheblock
    First,

    Why write articles for Fiverr, or for anyone that pays less than $0.75 - $1.00??? The article mill machines and those who pay less than the rates I quoted above simply do not value writers.

    And, I might add, they are preying on the ignorance of newer writers that just don't know the market.

    If you want to be a writer making money, learn how to query, get yourself a copy of the Writer's Market (and look them up online) and begin pitching stories to editors. Once you have some good clips for your portfolio you'll start getting more and more writing gigs that actually pay what you are worth.
  • Profile picture of the author Kevin Riley
    Kevin Riley
    Originally Posted by Psst View Post
    Are you saying $50,000 per year is too low to survive? For a household or for an individual. That amount of income a year for one single person is very enough if not too much in my opinion.
    Are you saying you just want to survive? I don't know about you, but I want to live life to the fullest. Just surviving ain't fun and it ain't much motivation to get up in the morning.

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