I Make 6K A Month...

by goindeep 43 replies
... but seeing as my business model sucks, I have over heads, taxes, staff, supply costs, marketing, hosting, re-investment costs and I have to feed the gimp in the cellar my profit is only $1,230.00

That generally covers my rent which means its keeps the Mrs off my back and every so often when The store has a special, we can afford to eat canned beans!

---

I hope you enjoyed seeing how easy it is to fool people. Maybe not so much "fooling" as simply not being completely open and honest.

How much you make, earn, turn over, have in the bank, have in your sock drawer, under your bed or in your piggy bank is very different to how much profit you make and have left over once all is said and done.

So the next time you see someone touting how much they "Make" it may be a good idea to ask them how much they actually have in profit

I know i'm cynical, but this just might help some of the newbies.

Good luck!
#main internet marketing discussion forum #make #month
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  • Profile picture of the author daddykool
    Time to make 60k Andrei

    You are very correct in your words, profit is not turnover and turnover, is not FREE!
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  • Profile picture of the author taffie
    Its a vicious cycle out there! What you are saying is so true.
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  • Profile picture of the author alamest
    I liked it, very good concern.. that is the reason there is 97% failure rate.. people jumps from one thing to other..
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  • Profile picture of the author Steven Miranda
    Increase your volume or frequency of sales and those should not longer be issues.
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    • Profile picture of the author goindeep
      Originally Posted by Steven Miranda View Post

      Increase your volume or frequency of sales and those should not longer be issues.
      I must of forgotten to insert humor emoticon... #2

      lol
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      • Profile picture of the author mogulmedia
        Originally Posted by Andrei Rotariu View Post

        I must of forgotten to insert humor emoticon... #2

        lol
        lol, I detected the sarcasm, your humor wasn't totally wasted!
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  • Profile picture of the author Ben Armstrong
    I've generated $40,000 in sales so far this year.
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    • Profile picture of the author daddykool
      Originally Posted by Ben Armstrong View Post

      I've generated $40,000 in sales so far this year.
      Could you spare a few bucks for Andrei

      Are you fooling us Ben or is it just Aussie humour wasted!
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  • Profile picture of the author jimma2k
    Ouch, those overhead figures suck. Theres gotta be a way to cut those down surley?
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  • Profile picture of the author Olorin
    man, that gimp in the cellar must eat a lot
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  • Profile picture of the author fated82
    Yes, you are right. It's easily been fooled if you buy those 'Make $xxxxxx a day/week/month. The truth is, you need alot of cash to earn that money.

    A great example is the CPA business. You can earn alot, but you also will have to spend alot to get that kind of money.
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  • Profile picture of the author awesummer
    Pretty funny.
    I don't find it surprising that a lot of people was drawn to this thread (including me). Some are curious and some really do wanna earn that much money the easy way.
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  • Profile picture of the author Marketing Merit
    It's also rather common for impressive claims to be made which state gross volume of affiliate sales as opposed to the affiliate commision that was actually earned from those sales!
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  • Profile picture of the author manjulinked
    [DELETED]
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    • Profile picture of the author cashp0wer
      What you make and what you profit are two very different things. I actually do not have that much overhead but would be much richer if I didn't have to pay taxes!
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  • Profile picture of the author Craigb182
    Clever post. Surely there must be a couple of ways you could maybe lower your costs though? That is quite a small margin you have.
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  • Profile picture of the author TheArticlePros
    Originally Posted by Andrei Rotariu View Post

    That generally covers my rent which means its keeps the Mrs off my back and every so often when The store has a special, we can afford to eat canned beans!
    Dude! If you got rid of the Mrs, and lowered your standards for housing and transportation a little, that $1200+ every month could buy you a powerful gaming PC that you could use to play WoW at all hours when you're not working your online business. WoW's only $15/mo, which is MUCH cheaper than a wife and/or kids. Or so I hear...I don't have a wife and/or kids...

    -- j
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    • Profile picture of the author lbradshaw
      Andrei,

      You are so right and I think about this all the time. Especially from people who make way more than that, I often wonder what their expenses are, or how much they put back into their business. It's no surprise there people that easily bring in even 5 figures a month and still aren't living the "good life" necessarily.

      Liz
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      Or perhaps you'd like to jump right in to creating your own product.

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    • Profile picture of the author Olorin
      Originally Posted by JaRyCu View Post

      Dude! If you got rid of the Mrs, and lowered your standards for housing and transportation a little, that $1200+ every month could buy you a powerful gaming PC that you could use to play WoW at all hours when you're not working your online business. WoW's only $15/mo, which is MUCH cheaper than a wife and/or kids. Or so I hear...I don't have a wife and/or kids...

      -- j
      Its ok brother - join WOW Anonymous - I feel for you, used to have top DK tank in the server, thottbot was my friend...but then I met The Banshee Queen and received from her the Polishing of the Helm and began the epic questline "Thrusting Hodir's Spear" for which I received the quest reward "The Ring of Umbral Doom" Soon afterward I was given the Server wide announcement that Baby Needs Two Pair of Shoes and pretty much since then my WOW game has gone the way of the Ents and my server offline
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      • Profile picture of the author JohnnyG11k
        Anything is possible online. However, one must focus focus and more focus. My business has become wildly successful over the past few years, but it all came from sheer focus and determination. Keep at it guys - we all have the same World Wide Web to tap in to at any time...

        Amazing, I make over 100 sales daily and also teach people how to do what I do.

        However, this is my first ever post on one of the most famous affiliate/Internet marketing forums!!

        I have never been a fan of the IM forums. Too much hype and little action and often total BS being spouted. However, I think it’s time I started giving back on a mass scale on many of these popular forums...

        Keep on keeping on – Another Day, Another dollar!
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        You won't believe it!
        This NICHE made me $300,000...
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  • Profile picture of the author WinstonTian
    You need to develop economies of scale
    to minimize your spending while
    maximizing profits. It takes a while to
    break the 5-figure mark - and it's really
    because of things like this.

    For example, just a simple one, would
    be finding the sweet spot in PPC...
    Usually, not the top positions give the
    best ROI.

    Use the 80/20 principle. 20% of whatever
    you're currently doing (apprx) is giving
    80% of your revenue. So slash out the
    wasteful 80% and replicate the 20%, and
    you'll maximize your efficiency.

    For example, again, using the PPC
    example for ease of explanation,
    weeding out keywords that bring in high
    traffic but yet does NOT convert.

    Hope that helps too.

    Winston Tian
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    Cheers,
    Winston
    The Beginner's Doctor

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  • Profile picture of the author kyle4hire
    I also want to make 6k per month

    How I wish... LOL!
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    Web Dev, Web Content Writer, SEO for 350$ per month

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  • Profile picture of the author Muhsin Aziz
    This is so true. I found out about this too over time. haha..
    Becoz running an internet business is like running a real business.
    That's why we have all these expenses..
    But hey ur doing good.
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    • Profile picture of the author MaroshIS
      I think it's all about ROI (Return On Investment) .. You must aim to have at least 100% ROI so if you spend $100 you must earn minimum $200. Otherwise you're just suffering in your business.

      Have a look at your expense side of business and cut down where possible. It's definitely possible believe me. I was there too.
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  • Profile picture of the author Carol_A
    Yep, it's all about how much you KEEP.....

    Expenses should not be more than 25% in my opinion...

    Wishing you all the best.
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  • Profile picture of the author J50
    Exactly why most small businesses fail, it's not they can't make money, it's they just can't keep control of their overheads. I just had to shut down a section of my business, because even though the revenue was growing my overheads were growing quicker.
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  • Profile picture of the author ElaineHenderson
    I was always anxious to make a lot of money and was reading articles with similar title as your thread, but one day I realized that it's impossible that numbers to be real... How fool of me, a newbie is always dreaming...
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  • Profile picture of the author vivi62
    very funny,loving the gimp in the cellar you could always give him to your neighbour or sell him on ebay.haha
    lol
    vivi62
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  • Profile picture of the author magiclouie
    You have a very effective thread title. It really caught my attention.
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  • Profile picture of the author ttdub
    That's the problem with people's outlook on business. They think every local shop makes billions. It's this type of thought that makes people think they deserve someone else's money. Sorry, just a little perturbed today.
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  • Profile picture of the author nmb
    Turnover is a rubbish indicator for anything. You could have turnover of £1m but costs of £1m + £1 and you would nt make a profit. However, you could have a business which makes £1500 with just broadband, office and telephone charges per month - profit of say £1200 a month.

    Dig deeper with the figures to get the truth.
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  • Profile picture of the author JoeDRL
    That's a very good point you're making there!
    If a guy tells you he made a million in 24 hours but it cost him 999 900$ of marketing to get there, how would you feel about him?
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  • Profile picture of the author HFlame7
    Get rid of the gimp and see profits rise

    Haha, but on a serious note, yes this happens even for those that make millions. Sometimes their profit margins are ridiculously low to the point where you ask yourself if they are truly even millionaires.
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    • Profile picture of the author Karen Blundell
      those darn gimps...they eat far too much, and they are getting the love handles to show for it.

      but seriously...all the income claims and the income threads out there... here, there, and everywhere...I've personally learned to take all of them with a grain of salt. Furthermore, I think it's far more important to focus on what I'm doing than what other people are doing.
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  • Profile picture of the author larry1113
    Originally Posted by Andrei Rotariu View Post

    ... but seeing as my business model sucks, I have over heads, taxes, staff, supply costs, marketing, hosting, re-investment costs and I have to feed the gimp in the cellar my profit is only $1,230.00

    That generally covers my rent which means its keeps the Mrs off my back and every so often when The store has a special, we can afford to eat canned beans!

    ---

    I hope you enjoyed seeing how easy it is to fool people. Maybe not so much "fooling" as simply not being completely open and honest.

    How much you make, earn, turn over, have in the bank, have in your sock drawer, under your bed or in your piggy bank is very different to how much profit you make and have left over once all is said and done.

    So the next time you see someone touting how much they "Make" it may be a good idea to ask them how much they actually have in profit

    I know i'm cynical, but this just might help some of the newbies.

    Good luck!
    lmao the gimp. True words though.
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  • Profile picture of the author jgrigs711
    Love the Pulp Fiction reference! Seriously though, you are absolutely correct. Often times people are not lying, they just are not telling you all of the necessary information.
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  • Profile picture of the author Brian Tayler
    I can make 1million easy. Just give me 2 million.
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  • Profile picture of the author garethowen
    There is a lot of BS out there. Someome might say they are earning 40k a month nut they dont say they are spending 30k to achieve that! Thats great, a 10k profit but no good to anyone out there if you dont have the 30k to invest in the first place!

    The big issue however why most people fail online is that they do not treat it as a business! The entry level in most cases is so low that a lot of people think this time next year we will be millionaires. Not so! Yes of course it is possible but my advice to any newbie is latch on to someone succesful online and copy them. Make sure they are the real deal first. So many are just con men who have never made a penny online apart from selling products to people that do not work! There you go thats my pennies worth lol
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