what is a realistic goal for someone starting out?

37 replies
Hi all, just wondering what is a realistic goal for someone new to the IM world. I've seen many posts about "how to make 2k in 30 days," 'From 0 to 3k in 45 days' and "make over 500 dollars a day with this or that" and was really truly wondering how much one can make REALISTICALLY when first starting out? Should i aim for 5 or 10 dollars a day, a month, years?
#goal #realistic #starting
  • Profile picture of the author Victor Edson
    There are lots of different methods to making money online, and it really depends on what you're aiming to achieve.

    If you're focusing on adsense in the Make Money Online niche(worst idea ever!) then you could expect a very long, unfruitful road.

    If you were focusing on selling $3k web services to local businesses you could make much more.

    If you're going the affiliate marketing route, you could easily spend 3-6 months to generate a $200-$500 income.

    If you were to create a product and it did amazingly well, you could earn a 6 figure income in the same time frame.

    If you're serious about working online, I'd recommend creating your own products.
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  • Profile picture of the author Greedy
    When I started out...

    I took me 3-4 months of hard work and testing to hit $50 a day.

    This $50 a day last for about a month than started to fall a bit, but I working the whole time it was coming in, so I had new campaigns start to pick up.
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  • Profile picture of the author Thriftypreneur
    Originally Posted by vojohn33 View Post

    Hi all, just wondering what is a realistic goal for someone new to the IM world. I've seen many posts about "how to make 2k in 30 days," 'From 0 to 3k in 45 days' and "make over 500 dollars a day with this or that" and was really truly wondering how much one can make REALISTICALLY when first starting out? Should i aim for 5 or 10 dollars a day, a month, years?
    As a newbie, your goals should be focused upon progress.

    If you have never built a site or tried to make money online, a monetary goal is a little "cart before the horse."

    In my opinion your should start with goals similar to these:

    Goal 1: Research business models and decide on one that is right for me.
    Goal 2: Do in-depth research on the business model I chose as begin constructing a plan to implement this business model.
    Goal 3: Get something up! Construct the pieces of my business model (landing page, website, blog, ecommerce store, whatever) and get it functioning.
    Goal 4: Produce X amount of pieces of content for my business by Y.
    Goal 5: Attempt to obtain a minimum of 20 unique visits/day (or 1 opt in/day, or whatever)
    Goal 6: Earn $1 per day avg with this business while increasing growth.
    Goal 7: Earn $10 per day avg for a month.
    Goal 8: Earn $100 per day avg for a month.
    Goal 9: Earn $1000 per day avg for a month.

    Of course, with your first goals simply centered around getting something up/launching something.

    Good luck.
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  • Profile picture of the author johnben1444
    Don't be carried away by all the self acclaimed millionaires and expert you see.

    Do your research combined with common sense.

    Also, you need to know that making money online is no different from making money from offline, you need wit.
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  • Profile picture of the author Brian Tayler
    Don't look for "a day" goals first off. When starting out there will be NO balance in something as pinpointed as a "day range" go for $10 a month. Then $50 a month. Etc. work from there. It's just like weight.. You'd be an emotional roller coaster if you measured weight daily lol.
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    • Profile picture of the author Alex Blades
      what is a realistic goal for someone starting out?
      A realistic goal would be to make your first dollar online, after you've learned how to make your first dollar, sale or commission, you will know where to go from there.
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      • Profile picture of the author shane_k
        Originally Posted by Alex Blades View Post

        A realistic goal would be to make your first dollar online, after you've learned how to make your first dollar, sale or commission, you will know where to go from there.

        Exactly what I was going to say.

        This was my first major goal and milestone - make my first online sale.

        I did this because I wanted to prove to myself that 1) It could be done, and 2) That I could do it.

        I even wrote this out on a piece of paper in big letters and stuck it up on the wall above my compueter desk.

        And every action I took was to serve this goal. And I would even ask myself, "Is this going to get me closer to making my first online sale?"

        I also think focusing on "building skills" instead of "making money" will get you further along the path to success.

        Or at least that kind of thinking helped me.

        Think about it like this.

        Riding a bike or driving a car is a skill.

        And you already know that to learn that skill is going to take time, and you are going to make mistakes. But you are ok with this. Why? Because you also know that once you have learned and acquired this skill it will open up a whole bunch of opportunities for you.

        and when you learn a skill most skills like riding a bike will always be there for you.

        Even if you don't drive for 20 years, the day you step back into a car those skills will still be there.

        That is the way I look at my Internet Marketing Business.

        I knew that getting visitors to my website (traffic) was a skill I was going to have to learn

        I also knew that getting those visitors to opt-in to my lists was a skill I was going to have to learn

        And I knew that getting my list subscribers to buy what I was promoting was a skill I was going to have to learn.

        And I knew that these skills were going to take a bit of time before I mastered them.

        But I was ok with that cause I knew that the more time I took to really learn those skills the better off I would eventually be.

        It's like comparing two people learning to drive. One person rushes everything and skips steps, and doesn't pay attention cause they are so impatient to get out there and drive. Whereas the other person takes there time, gets the basics down real good, and continues to focus and develop.

        If you put them both on a windy iced covered road in the winter time, in a snow storm which person do you think is better equipped to handle that situation?

        So my view was, I was willing to take 3-6 months to learn the basic skills and be able to look back over that time and see my money slowing increasing, than be the kind of person who was in a rush and spent those 3-6 months trying one thing, then another and another and then looking back over that time and having nothing to show for it.
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      • Profile picture of the author DavidAtias1
        Originally Posted by Alex Blades View Post

        A realistic goal would be to make your first dollar online, after you've learned how to make your first dollar, sale or commission, you will know where to go from there.
        Great tip !
        Alex tip is really good and correct, now i'm starting to remember how I made my first dollar online and how I get from $1 to much more, it's the same process that Alex said.

        Thank you very much Alex!
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    • Profile picture of the author Thriftypreneur
      Originally Posted by Brian Tayler View Post

      Don't look for "a day" goals first off. When starting out there will be NO balance in something as pinpointed as a "day range" go for $10 a month. Then $50 a month. Etc. work from there. It's just like weight.. You'd be an emotional roller coaster if you measured weight daily lol.
      It's the exact same thing. 10/month is avg of .33c a day. So, even if your goal is 10/month, you're trying to hit at least .33c a day. Just a matter of perspective.
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  • Profile picture of the author TeamBringIt
    Being realistic, means earning a little money at first and then scaling it up and earning more.
    Once you, find a system that works, just scale things up and make more money. It is all about, finding system that works for you.
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  • Heya Vojohn33,

    Carefully consider the things below, in order to ensure that you have realistic, attainable, profitable, sustainable and scalable targets, plans and projections.

    First, what are your specialized real world expertise, substantial authority knowledge and other available relevant resources (time, money, network resources, credit resources and so on)?

    Second, which specialized industries are your expertise, knowledge and resources relevant to?

    Third, which specific urgent problems and immediate needs of players in the B2B (Business to Business) or B2C (Business to Consumer) markets under those industries can your specialized real world expertise, substantial authority knowledge and relevant resources help resolve and satisfy?

    Fourth, what type of solutions can you create for those specific problems and needs of those B2B or B2C markets, with the use of your relevant resources, real world expertise and authority knowledge?

    Fifth, which of those specific B2B or B2C markets can you zone in on, in order to: (1) Customize your solutions for them; and (2) Integrate more value added propositions into your solutions for their maximum benefit?

    Sixth, what kind of competition will you be going against when promoting your solutions?

    Seventh, what sort of pricing structure and monthly continuity system can you integrate into your solutions, in order to make your solutions better and more enticing for your target B2B or B2C customers, in terms of the overall value that your target customers can get from your solutions by willingly exchanging their attention, time and money for the overall value of your custom solutions?

    Eighth, based from your projections, what could you end up with, in terms of net profits per day or week or month or year?

    Lastly, decide whether your plan at this point is something worth your while, in terms of RoI (Return of Investment), or if it'd be better for you to target other problems/needs of other B2B or B2C markets under other industries.

    *** Keep in mind that you can hire or partner up with others who have significant real world expertise, substantial authority knowledge and relevant resources in various industries and subject areas, specifically potentially profitable subject areas and industries where specific B2B or B2C markets have particular real world problems and needs that can be resolved or satisfied by the custom products you can create and promote with the combined resources of your employees, associates or partners.
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  • Profile picture of the author Malcolm Thomas
    The amount of money a newbie can make varies depending on who they are. Are you able to follow simple directions easily? Do you take action and follow through on a specific task? Are you persistent and never give up?

    The amount of money you can make online is directly correlated to how badly you want to succeed.
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  • Profile picture of the author ceenote100
    Don't believe all the hype. Do lots of research and don't expect to make thousands of dollars right away. Find something that works and stick with it.
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    • Profile picture of the author James Woods
      A newbie marketer will make zero dollars until they learn how to provide a product which meets the needs of their target market and take action to place that product in front of the target market.

      Have fun and keep asking questions
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  • Profile picture of the author Big Money
    The first $100 dollars is the hardest to get. Once you start making money it becomes easier because you know whats possible.
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  • Profile picture of the author hustlinsmoke
    A realistic goal is 1 buck. You heard me right. Why not work on making a buck a day.
    Set a goal and reach it, then set the next and the next and the next while having your longterm goal handy to look at also.

    Marketers tend to want to make alot of money very fast while missing some very important steps.
    Look at it this way, if you set a goal to make 1 dollar a day for a week then 2 then 3 you would make 52 dollars a day in a year.
    I am sure if you do it right the numbers will be higher and the goals higher as you move along but why not at first just do 1 buck. Who knows you may hit five bucks the first time and 15 the second and so on.
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    • Profile picture of the author janicej
      Banned
      I agree that it can take a while to start making money, but if you're trying out a strategy that you know worked for someone else, doesn't it make sense that you'll reach similar results (in the same amount of time) in a niche that isn't too far removed from the "tested" one?

      The key is to be organized, though, and not to jump over any of the necessary challenges.. otherwise it's no wonder that it doesn't work out.
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      • Profile picture of the author 1mattonline
        i think your first expectation would have to be to make your first dollar in order to experience and understand the core principle and concept. after that you will have a basic idea of the effort and method used to earn that amount, then you can analyse and research on how to scale up to achieve your desired amount.

        it all comes down to trying, testing,tweaking and growing in yourge field. remember that marketer A can easily make 1000 dollars a month, where marketer B will only make 10 dollars with the same product/service. the difference is that marketer A knows the market has probably more leads or more quality leads and knows how to move that leads into buying.

        my suggestion would be to follow a solid method/ blueprint in your field of interest. try ,testing tweak..... and have a expectation of only making it work into earning dollars, then scale up continuously on knowledge,expertise and method to to achieve bigger goals.
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        • Profile picture of the author Joe721
          Years back, when I started out, I spent 4 months working flat out to create my first product, then 1 month tweaking the site, the price, and using adwords on a small scale. Finally I had my first sale and immediately gained feedback from it which went back into the product and the site. Continued expanding adwords, the product and the site. A year later it was making between 2K-3K per month by itself, along with some extra add-ons developed for and sold with it.

          I did all this because I knew that the market at that point (web design in this case) needed this product, and that demand would grow. About 1 month of research had led to that point before development started. I had no goal whatever of making a particular amount per month, the idea of that made no sense.

          Just making the first sale was the aim (and I will not forget that day)

          Find something you love doing, make sure there is a demand, make it good and listen to advice.

          Joe
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  • Profile picture of the author alvinchua91
    A realistic goal is a goal which you truly believe you can achieve. It may be high to others, or low to others. As long as you know you can achieve it, it's realistic.

    If you think you will make $1 million by the end of this year, and are willing to educate yourself by any means possible, and work harder than anybody on the planet, why not?

    Even $10 million is possible. But you just got to want it THAT BAD. Then from then on, believe in yourself and be willing to put in sick amounts of hard work and research.
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by vojohn33 View Post

    I've seen many posts about "how to make 2k in 30 days," 'From 0 to 3k in 45 days' and "make over 500 dollars a day with this or that"
    Let's hope that you've already developed the judgement to stay well away from anything that makes an income-claim, anyway: that's one of the hugely important aspects which determine whether the overall odds are stacked in your favor or against you.

    Originally Posted by vojohn33 View Post

    and was really truly wondering how much one can make REALISTICALLY when first starting out? Should i aim for 5 or 10 dollars a day, a month, years?
    I remember wondering the same thing. Everything's complicated and non-linear, this is the problem - and for an apparently simple question, it's really hard to answer. I offer two observations ...

    (i) Most people starting out with anything new overestimate what they can achieve quickly, but they also significantly underestimate what they can achieve slowly;

    (ii) If you can earn an average of $25 per day profit (not income) over a whole month, then as long as you're not doing that as a service provider in a time-consuming way, there's probably no reason in principle why you shouldn't eventually be able to make a full-time living (Western income-level, I mean) from it. So I think $25 profit per day averaged out over a month might be quite a realistic answer to your question.

    Good luck!
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  • Profile picture of the author brutecky
    Wow some good and some bad responses in here.

    First thing you need to understnad is that your goal has to be tied to the amount of time you put in. You need to pay for your time. Here is what I mean. I dont know what you normally do for a living but I will use myself as an example. Before I went to school and learned programming I was a carpenter, as a union carpenter I could make around $25 per hour. So that means for online work I need to make at least $25 for every hour I devote into working. If not Im loosing money by underselling my time. So for example if I spend 50 hours working online I need to earn at least $25X50=$1250 per week or else Im loosing money. That should be your first goal, to pay yourself a wage for your time.

    Second goal is to pay yourself a 'good' wage for your time, that is to make more than you could doing your other vocation. For example now that I have been doing this for a while (just over 5 years) Im not happy with $25 per hour, heck I could go back to the union and earn that and get free health insurance and a 401k so now I need to make closer to $50 per hour of my time. Generally I do better than that. So my next goal is to add people to my team so that I can then reduce the number of hours I need to work, thus increasing my effective hourly rate (this might not be relevant for you depending on what method your using to make money)

    So to sum up:

    1st: set your goal to earn an amount that you could have made if you devoted the same amount of time to a job in your skill set.

    2nd: once you are doing that consistently set your goal to an amount that is around double what you could earn if you spent the same amount of time in a job in your skill set.

    3rd: if applicable to you, work on adding paid workers to do the work for you so you dont have to do as much of the work yourself.
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    • Profile picture of the author hustlinsmoke
      Ok mr wonderful I see you changed your 750 to the right amount. I just wish you worked for me. Like the man said there are some good posts here and some bad lol.

      Originally Posted by brutecky View Post

      Wow some good and some bad responses in here.

      First thing you need to understnad is that your goal has to be tied to the amount of time you put in. You need to pay for your time. Here is what I mean. I dont know what you normally do for a living but I will use myself as an example. Before I went to school and learned programming I was a carpenter, as a union carpenter I could make around $25 per hour. So that means for online work I need to make at least $25 for every hour I devote into working. If not Im loosing money by underselling my time. So for example if I spend 50 hours working online I need to earn at least $25X50=$1250 per week or else Im loosing money. That should be your first goal, to pay yourself a wage for your time.

      Second goal is to pay yourself a 'good' wage for your time, that is to make more than you could doing your other vocation. For example now that I have been doing this for a while (just over 5 years) Im not happy with $25 per hour, heck I could go back to the union and earn that and get free health insurance and a 401k so now I need to make closer to $50 per hour of my time. Generally I do better than that. So my next goal is to add people to my team so that I can then reduce the number of hours I need to work, thus increasing my effective hourly rate (this might not be relevant for you depending on what method your using to make money)

      So to sum up:

      1st: set your goal to earn an amount that you could have made if you devoted the same amount of time to a job in your skill set.

      2nd: once you are doing that consistently set your goal to an amount that is around double what you could earn if you spent the same amount of time in a job in your skill set.

      3rd: if applicable to you, work on adding paid workers to do the work for you so you dont have to do as much of the work yourself.
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      • Profile picture of the author brutecky
        Originally Posted by hustlinsmoke View Post

        Ok mr wonderful I see you changed your 750 to the right amount. I just wish you worked for me. Like the man said there are some good posts here and some bad lol.

        Yea 14 hours on a computer working a day, there are going to be some typos / brain fry. Dont know what 'mr. wonderful' comment was about though.

        And yes there are some good posts and bad posts here. Bad posts like that guy up top saying he tells his students to set a goal of $5k per month so they can 'quit there jobs and spend more time with there family' thus propagation the myth that online working is NOT a job and that you can make good amount of money without really working. Its attitudes like that that give IM and online work in general such a bad rap. It really sucks when someone will push BS and degrade the name of a valid industry just to get a few 'students' who are chasing the end of a rainbow.
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  • Profile picture of the author mosthost
    A 'realistic' goal is '0.' Nobody said realism was very inspirational
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  • Profile picture of the author Jeremy Lacer
    The world is yours! Set your goal to 5K/month in the next 6 months. It might be ambitious, but if you work hard and you're dedicated, it's really possible.

    I teach my students to make their goal more specific. Why do you want to earn 5K/month for example? Because you want to quit your job and you want to spend more time with your family? Then your goal should be:

    "I want to earn $5,000 a month so I can quit my job and spend more time with my family."
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  • Profile picture of the author Dragone
    Good question... Rather think small initially than be thinking '$5,000 in next 2 months' like you see so many WSO's promising. I'm sure a lot of people come here, see those WSO's, think that type of money will be coming in within the next few weeks then get disappointed and leave when they get no where near that.
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  • Profile picture of the author PazG
    It is realistic, but you have to have a realistic game plan. If this is your first foray into IM then it is probably not going to happen, not that quickly anyway. On the other hand, if you have a solid blueprint to follow and somebody guiding you along the way then it can become more than a possibility.
    Originally Posted by vojohn33 View Post

    Hi all, just wondering what is a realistic goal for someone new to the IM world. I've seen many posts about "how to make 2k in 30 days," 'From 0 to 3k in 45 days' and "make over 500 dollars a day with this or that" and was really truly wondering how much one can make REALISTICALLY when first starting out? Should i aim for 5 or 10 dollars a day, a month, years?
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  • Profile picture of the author aarthielumalai
    Well, I think you should have a short term and long term goal. For example, $10,000 per month would be your long term goal. You might want to reach that kind of earnings in, let's say, one year. If that's the case, your short term goals would be $100 per month in about a month or two, and then $1000 per month in 3-4 months, and then $5000 per month in 6 months and so on.

    Once you reach your $10,000 per month goal, you'll set more goals, again, long term and short term goals.

    That's how I do it. There is nothing wrong with setting bih goals, but if you have smaller goals building up to your big goal, you'll find that the journey is easier.

    Good luck.
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  • Profile picture of the author HansDavid
    For someone starting out it might better be to target your online asset growth rather than income. For example:
    - Make 100 blog posts in one month.
    - Write 100 articles and submit to directories in one month
    - Get 100 subscribers in one month
    - Etc

    Just think about building your pillars first.
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  • Profile picture of the author Horacioplus
    To be honest if you really want to make money, you have to work for it. You will fin many guys telling you the same story "I made 10k in 30 days"
    It takes time to build an audience and business.
    I bought many product buy non of them were actually realistic. Few weeks ago i joined a club of people which was the best invest of life. Some people making $25,$100 and even $1000 a day.
    But it takes sometime to learn all that stuff or you can go fast and invest money hiring some one to do it for you.

    I make more money off-line, but i started see good earning from an online network. What i mean is nobody will sell you an $10 dollars ebook to teach you how to make $1000 a week.
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  • Profile picture of the author FitMarketer
    Start with $1 and build your way up from there

    Don't expect to become rich but once you have made your first dollar online rinse and repeat to make $2 etc

    This is the best practice to use stay focused test your methods and don't give up!
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  • Profile picture of the author Ken Houck
    I looked into finding a good mentor and following what they said was the best bet for me. Stopped the information overload.
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  • Profile picture of the author Fullofsurprises
    All this get rich in a day method is targetted to people who are lazy and dont know what they want. You mist have a plan, a solid business plan that is. Make sure you do your research well about the product you are selling, select the target market and be passionate about what you are doing. If you are not good at selling, seo etc. get expert advice.

    And best of luck. There is no easy money. If you were not born rich then you have to work hard.
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  • Profile picture of the author CDarklock
    Originally Posted by vojohn33 View Post

    Hi all, just wondering what is a realistic goal for someone new to the IM world.
    "Figure out what the hell you are doing."

    That is your first and foremost goal.

    Worry about the money once you have some clue what you are doing and why you are doing it.
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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