$1 Million Online Revenue

Super Money Maker 11 years ago

Originally Posted by SurrealPSD

You make $100 before you consider $1000. In my opinion

I agree with that
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BarberShop

11 years ago

Originally Posted by SurrealPSD

You make $100 before you consider $1000. In my opinion

With that logic, you make $10 first before $100 and make $1 first before $10. Linear thinking has its place for sure, but other times, you can overcome it.

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Sandra Martinez

11 years ago

Originally Posted by kingleo101

Many wish to make that every year online, some are close and very few are doing it. My point is that many of us stand a better chance of becoming millionaires online than offline. The internet is full of a growing number of hungry customers which you would not be able to easily find offline. You just need a solid brilliant plan how to get customers and convert to them to sales. If you got $50,000 capital to invest online, i'm sure reaching the $1million per year target would seem much easier right?

Well, it depends on who gets those $50K. If it is someone who already did a million online with still valid methods, sure.

If it is someone new... I couldn´t tell. The money could fly before gaining enough experience to make it.

Originally Posted by shawnlebrun

I recently read a quote somewhere... it said more millionaires have been
created in the last 10 years, because of the internet than the last 100
years.

mmmm could it be, maybe, because there is so much currency around that a million is really nothing?

the old millionaires are billionaires now...

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XanBarksdale

11 years ago

Originally Posted by kingleo101

If you got $50,000 capital to invest online, i'm sure reaching the $1million per year target would seem much easier right?

That's still a 2000% ROI...I don't think the word easy should be associated with that!

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shawnlebrun

11 years ago

I recently read a quote somewhere... it said more millionaires have been
created in the last 10 years, because of the internet than the last 100
years.

And honestly, it all comes down to one thing: leverage. The internet
is the lowest cost way to spread the word about your product or
service.

In the past, if you were to reach thousands of people offline,
with direct mail, it would cost you hundreds of thousands of
dollars. Online, it's pennies on the dollar.

So, because of the lower cost... you're able to reach more
people who could potentially buy what you're selling.

Value + Leverage = Wealth

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LillySage 11 years ago

You just have to grind it out and do the work...build on successes and move forward. It's not the rocket science that most IM guru's would have you believe :rolleyes:
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XanBarksdale 11 years ago

Originally Posted by shawnlebrun

I recently read a quote somewhere... it said more millionaires have been
created in the last 10 years, because of the internet than the last 100
years.

I definitely agree with what you're saying about being able to reach more people easily. But, part of the reason there are more millionaires now is simply because of inflation. 100 years ago a gallon of gasoline was $0.20, now it's around $3.50! $1M today isn't what it was in 1913!

I'm not saying it's easy to make $1M, but it's definitely easier now than it was 100 years ago!
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Make Money Ninja

11 years ago

Originally Posted by shawnlebrun

I recently read a quote somewhere... it said more millionaires have been
created in the last 10 years, because of the internet than the last 100
years.

And honestly, it all comes down to one thing: leverage. The internet
is the lowest cost way to spread the word about your product or
service.

In the past, if you were to reach thousands of people offline,
with direct mail, it would cost you hundreds of thousands of
dollars. Online, it's pennies on the dollar.

So, because of the lower cost... you're able to reach more
people who could potentially buy what you're selling.

Value + Leverage = Wealth

Agree with this 100%.

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dukegman

11 years ago

The word "easy" should not be associated with this. It's never easy to make a million dollar whether online or offline. Basic investment is necessary, but huge investments are NOT always the key to success. A good plan (with basic investment for that plan) will be much better than having $50,000 with no plan on how you will make $1 million from it. And then again, knowledge and experience are also two big factors that will determine if you're gonna make it or break it! So I think it is pretty much clear that you can't just associate the word "easy" with this idea.

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anwar001

11 years ago

Originally Posted by dukegman

The word "easy" should be associated with this. It's never easy to make a million dollar whether online or offline. Basic investment is necessary, but huge investments are NOT always the key to success. A good plan (with basic investment for that plan) will be much better than having $50,000 with no plan on how you will make $1 million from it. And then again, knowledge and experience are also two big factors that will determine if you're gonna make it or break it! So I think it is pretty much clear that you can't just associate the word "easy" with this idea.

You have mentioned some very good points in your post. I think they are worth summarizing again for all to see:

It is never easy to make milliona dollars whether online or offline.
Basic investment is essential but huge investments are not necessary.
A good plan along with basic investment is more important than lots of investment but no proper plan.
Knowledge and experience are very important in any field. It is hard to make decent amount of money consistently if someone lacks knowledge, experience or doesn't have a sound plan or business model to follow.

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talfighel

11 years ago

Yes, it is a whole lot easier to reach more people online then offline.

Those who reached the $1 Million online mark showed everyone else out there around the world that it can be done.

You just have to find a good strategy.

One way is to earn both residual and leveraged income.

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drewfioravanti

11 years ago

You only need to generate a profit of 2739.73 per day to reach that goal. Break it down to small steps and it becomes much more attainable.

So, if you sell a $3,000 product, you only need to make one sale per day.

If you sell a $27 product, you need to make 102 sales per day. Or 4.25 sales per hour. (And of your average profit is $100 per transaction, you only need 1.25 per hour)

Now it becomes more realistic!

Jus throwing out wishful numbers won't motivate you.

Break it down to a daily earnings...a per sale earnings. Then you know how many you have to sell per day.

Now you have real, thangible goals; not lofty dreams.

Good luck on your journey.

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anwar001

11 years ago

Originally Posted by drewfioravanti

You only need to generate a profit of 2739.73 per day to reach that goal. Break it down to small steps and it becomes much more attainable.

So, if you sell a $3,000 product, you only need to make one sale per day.

If you sell a $27 product, you need to make 102 sales per day. Or 4.25 sales per hour. (And of your average profit is $100 per transaction, you only need 1.25 per hour)

Now it becomes more realistic!

Jus throwing out wishful numbers won't motivate you.

Break it down to a daily earnings...a per sale earnings. Then you know how many you have to sell per day.

Now you have real, thangible goals; not lofty dreams.

Good luck on your journey.

After breaking this down into smaller goals, do you think it becomes realistic and easy? Do you seriously think it is not difficult to make $3000 product sale each and every day?

If making 100+ sales each day of $27 product or making 1 sale daily of $3000 product was easy, we would certainly have had many many millionaires by now!!!

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dvduval

11 years ago

You have a much better chance on the internet than winning the lottery. That's for sure, but definitely you have find the path to the goal. I've been involved in a number of businesses online that reached $1 million in revenue. Generally it was the culmination of a few years of work. The $50,000 starting point is reasonable. Doing it in one year is highly unlikely but possible with the right idea and follow through.

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drewfioravanti

11 years ago

Originally Posted by anwar001

After breaking this down into smaller goals, do you think it becomes realistic and easy? Do you seriously think it is not difficult to make $3000 product sale each and every day?

If making 100+ sales each day of $27 product or making 1 sale daily of $3000 product was easy, we would certainly have had many many millionaires by now!!!

You are missing the point entirely. Breaking it down into smaller steps is how you achieve it. You can either try to reach an abstract goal of $1,000,000 per year, or you can break it down and make a goal of 1.25 sales per hour.

Go after it as you choose.

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kingleo101

11 years ago

We all want to be able to make that one million dollars per year so lets put in the hard work first!

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BarberShop

11 years ago

Originally Posted by kingleo101

Many wish to make that every year online, some are close and very few are doing it. My point is that many of us stand a better chance of becoming millionaires online than offline. The internet is full of a growing number of hungry customers which you would not be able to easily find offline. You just need a solid brilliant plan how to get customers and convert to them to sales. If you got $50,000 capital to invest online, i'm sure reaching the $1million per year target would seem much easier right?

This is exactly what I had in mind for posting my thread yesterday.

http://www.warriorforum.com/main-int...ney-goals.html

A powerful starting position is definitely the easiest path. We wouldn't have this discussion if you're starting from a $250,000 investment.

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J50

11 years ago

From my observations it's around 80% intelligence, 10% of actually doing something and 10% luck. But highly switched on people tend to manipulate their own luck anyway.

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abhijitpani

11 years ago

I also reckon that a strategy is very important and a mentor along the way who has done it before. Please take time to understand the IM world and pick 2-3 strategies that you love to work with. There are literally thousands of methods to do stuff but you can't be a master of all. In the journey you would need help from people as well. So don't shy out. Curious people succeed faster.
I agree with Drew that big numbers are a culmination of some small numbers. Target the later first. You had to learn A before B and eventually mastered till Z.

Good Luck

Regards,
AB

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JensSteyaert

11 years ago

It's all about leveraging your own work. You create something and then let others do the work for you while giving them a share. If you can see and understand this concept then it's possible to make it online.

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$1 Million Online Revenue

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