Is It Really Possible To Make Plus One Million Year Online?

I think it is definately possible, and the other thing you have to remember is that if you want to start some other business you may need to invest $50k min to get a store up and fitted out etc, but online you can start with ....well nothing, but more probably about $40, so straight away you've got $50k odd you don't need to pay out, back to a bank etc. and no rent or anything.

I also think its possible.

Personally, I have a pretty solid strategy for 2012, and hope to be hitting those 6 figures you mentioned by mid next year -- God willing -- though I know I'll have to bust my butt.

What I wonder though is if there are in fact people pulling in that kind of dough completely on 'autopilot.' I've never met one personally.

Na, YOU don't necessarily have to work at it or for it. You can find someone else to work at it and FOR YOU!

How about dat??

Onwards and Upwards!

JMB

^^^ What she said.

Because then you would be bidding against yourself!

you would breach googles terms and have your accounts suspended.

Can I show more than one of my ads on a page? - Advertising Policies Help

Can I show more than one of my ads on a page?

as for the million you would be disapointed if could not be done after putting in the hard yards.

"How I Went From Six Figures To Seven Figures!"

I started doing the things the million dollar marketers were doing, that I was not doing. For example, I noticed many were doing tele-seminars (was not a lot of webinars back then). I noticed they did JV's and recruited affiliates and did launches.

I noticed they had coaching programs and high ticket offers. I noticed they conducted offline seminars and workshops. I noticed they paid for traffic and did insertion orders. I noticed they spoke on stage. I noticed they had physical products. I noticed they had membership sites. I noticed they branded themselves in the market...and had mastermind groups. I noticed they had staff members and employees. They had affiliate managers and programmers. They had call centers and did videos.

I noticed a lot of things I was not doing.

So

I did them.

done.

You will either escape your own comfort zones and have *courage* to create a million dollar business, or not. Nothing wrong with six figures and a free-easy life. Nothing wrong with shooting for one million per month either. Nothing wrong with raising venture capital and doing IPO's. Nothing wrong with having a day job.

Anyone is capable of making a million per year, if they have courage. It certainly does not require brains or beauty. lol

Eric Louviere

I do not agree and could prove it I required and, shortly a WSO will spill how I did it.

It is definately possible to go from.
$Zero to $1m in less than a year.

In fact, very, very shortly I would say its definately possible to go from:

£Zero to £600,000 in 6 months, then onto £1m in under a year.
Without any form of loan, or major investment beyond perhaps $4000 plus time, and the cash is more to buy food, rent / mortgage than Internet related stuff, 90% of the requirement is time to learn.

Note the use of the £ symbol above, it was deliberate, I'm in the UK. It's about $1.50 - £1.00 at the moment. So $1.5m in a year.

Thinking it's not possible is why you'll never achieve it. That's the first thing you need to change.

Happy New Year.

You might disagree, but facts speak for themselves. Bill Gates was at the right time, at the right place and in the right situation where he could invest his 10k hours into becoming really good at programming and develop Windows.

Warren Buffett's father was an investor himself, so he learned the skills from early age.

Most money comes from the right connections combined with your skills.

Hard work is highly important and without it there will be nothing, but luck also plays a huge factor and is often understated.

I fear that those who believe it's impossible to achieve the kind of online turnover that Bill is talking about - or that it takes luck or special circumstances to do so - are inhabiting some kind of Internet Marketing Bubble, in which the limits of their world are defined by whatever the current "flavor of the month" marketing technique or loophole might happen to be.

Surely the internet is now a mature enough medium for anyone to grasp that multi-million dollar online businesses are not only feasible, but in many ways easier to build than offline ones. If you don't accept this, you might as well say that it's impossible to make millions in any business - in which case, perhaps you should examine your own mindset.

I haven't visited the forum much over the last few weeks because I've been helping out in a friend's online business. He started his venture on eBay from a home office in 2006 with virtually no start-up capital, but now sells via multiple online platforms and employs more than 20 staff (plus holiday temps).

His business is on course to generate £5m this year ($7.76m) with a profit margin of around 33%. This is roughly twice last year's revenue and next year it will probably double again. That's unless he listens to me and does some actual marketing.

It isn't luck. He'd already built and sold two successful offline businesses before trying his hand online.

And it isn't necessary to only sell high priced items. His average sale value is less than £10 ($15).

Yes, it takes hard work. But it's a whole lot easier to commit to a punishing work schedule if you're convinced that your efforts will reap rewards. If you have any doubts, either in your own ability or in your business model, your motivation is likely to suffer.

But you have to be clear about your own motivation. Building a business on that scale demands close to total dedication. If you're not absolutely certain that it's what you want - to the extent that you're willing to make sacrifices in other areas of your life, you might have to rethink your goals. Just as you would with an offline business.

Of course, the beauty of the internet is that you can choose from a wide range of business models and find one that suits your personality and gels with your preferred lifestyle.

You don't have to aim for millions - but you shouldn't doubt that it's possible.


Frank

I agree with the first two, but not entirely with the third one.

Out of the box thinking has made some people rich, but "in the box thinking" has made many more people rich. Re-read Eric's post to see why.

The problem with promoting the "out of the box" idea is that too many people then think that they have to have that "one flash of brilliance" or a "million dollar idea" before they have a chance of being rich.

The truth is that most people do NOT have to think outside the box to make $1,000,000. Instead, they just need to DO the things that work. Stop daydreaming. Stop waiting for a bolt of inspiration. Stop trying to re-invent the wheel.

Don't get me wrong, out of the box thinking has its place, and some people prosper because of it, but it is not a prerequisite to success.

All the best,
Michael

I think misrepresenting someone as making a lot of money in one day is doing a disservice to those people who don't know enough not to believe it.

That "one day" is the result of years of preparation.

Just look at Louis CK ... he has spent approximately the last 20 years learning his craft.

Marvin

7 Figures a year is absolutely possible and a number of people are doing it. There is a big milestone that one must reach before getting there though and that really comes in the way of mindset/approach.

So many of us get into this 'Internet Marketing Thing' because we want to make big money fast. While this can happen, it's rare without planning, discipline and hard (and smart) work.

I'm not at the 7 figure mark, hell I'm not at the 6 figure mark yet. I just started hitting a pretty good stride a few months back, but I'm seeing progress. I know a handful of marketers in the high 6 figure range, and some in the 7 figure range.

I help manage an offline consulting company that we've grown to 7 figures and while that is an offline, non-marketing business, it's a business. And that's what I'm trying to get at.

Approaching Internet Marketing as a quick buck vehicle will only serve to dissappoint. Approaching it as a business, with planning, scaling, delegation, etc. can lead to amazing things.

Just my .02, but it's something I try to hammer into the mindsets of those who I work with all the time. Treat it as a serious business because that's what it is.

Danny