I Make 6K A Month...

by 43 comments
... 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!
#internet marketing #make #month
  • 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!
  • Profile picture of the author taffie
    Its a vicious cycle out there! What you are saying is so true.
  • 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..
  • Profile picture of the author Steven Miranda
    Increase your volume or frequency of sales and those should not longer be issues.
    • 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
  • Profile picture of the author Ben Armstrong
    I've generated $40,000 in sales so far this year.
    • 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!
  • Profile picture of the author jimma2k
    Ouch, those overhead figures suck. Theres gotta be a way to cut those down surley?
  • Profile picture of the author Olorin
    man, that gimp in the cellar must eat a lot
  • 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.
  • 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.
  • 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!
  • 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.
  • 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
    • 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
    • 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
  • 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
  • Profile picture of the author kyle4hire
    I also want to make 6k per month

    How I wish... LOL!
  • 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.
    • 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.
  • 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.
  • 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.
  • 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...
  • 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
  • Profile picture of the author magiclouie
    You have a very effective thread title. It really caught my attention.
    • Profile picture of the author goindeep
      Originally Posted by magiclouie View Post

      You have a very effective thread title. It really caught my attention.
      Unfortunately, that's the point. Lol

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