How Much Is The % Of Internet Marketers Who Become Millionaires?

11 years ago

No. It's that simple lol. It would definitely be an awesome statistic to find out, but nobody would be able to give a definitive answer to that.

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mbacak

11 years ago

I know this isn't exactly what you are looking for but
these are some interesting general stats and facts:

29 Valuable Facts about Millionaires and Billionaires

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BloggerDeen

11 years ago

The facts are very interesting. One I loved the most was 5th one which basically tell you that more educated you are less chance of becoming millionaire you have. Great that I am just Graduate and not Phd holder.

Originally Posted by mbacak

I know this isn't exactly what you are looking for but
these are some interesting general stats and facts:

29 Valuable Facts about Millionaires and Billionaires

Thanks

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WillR

11 years ago

It's impossible to know.

I really wouldn't worry about it either. There would be a lot more IM millionaires if more people took action and persisted at it.

There's no limit to how many there can be. It's there for the taking for anyone who wants it bad enough.

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carlamae 11 years ago

Well said!
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carlamae 11 years ago

I've often seen the 3% success rate thrown around, but I actually think that is quite generous! WillR is absolutely right! Either you can take the opportunities seriously and work them or let it slip by to the next person. It's not knowing how to do something right off the bat, it's about doing something on a regular consistent basis...results will follow.
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KevinChapman

11 years ago

I don't sorry. I swear I've heard people say only 5% of marketers make it though?

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Will Edwards 11 years ago

Originally Posted by KevinChapman

I don't sorry. I swear I've heard people say only 5% of marketers make it though?

And some estimates are lower - could be as high as 97% of people fail. That leaves the 3% who are enjoying some measure of success. My own thinking says that perhaps 20% of the 3% might make it i.e. 0.6% of people who try.

Not very scientific, I know, but that's my best guess.

Will
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- Alexa Smith Banned 11 years ago
  
  Originally Posted by Will Edwards
  
  My own thinking says that perhaps 20% of the 3% might make it i.e. 0.6% of people who try.
  
  Not very scientific, I know, but that's my best guess.
  
  Good answer, I think. Whether it's a "silly question" (as some people seem to think) or not, it's the kind of thing I wonder about and enjoy trying to estimate. I thought Will's answer above was a good one, anyway.
  
  I "work it out" (i.e. guess it!) in a different way from Will, and my guess is a little lower, around 0.3 - 0.4%. I mean that as "0.3/0.4% of the people who actually try to make a living from it", rather than "0.3/0.4% of the people who "try a bit of internet marketing". So I'm a little less optimistic than Will, I think.
  
  The point about lack of definition of "millionaire" is correct but perhaps a little pedantic, in a conversation of this theoretical/gossipy nature: defining it loosely in US$ ("the currency of the internet") as "people who make $1,000,000+ profit over a few years" - or something broadly similar - is perfectly adequate and reasonable for this kind of casual conversation, whether that technically makes them millionares or not. :p
  
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  4DayWeekend 11 years ago
  
  I would imagine a very small percentage of people who try to make money online (I guess that's the definition of Internet Marketers?) actually become Millionaires.
  
  But it's not really worth focusing on what other people do. Just focus on yourself and maintaining the momentum to keep moving your business forward.
  
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  Iqball 11 years ago
  
  "Dear Warriors,
  
  Does anyone here know the percentage of newcomers who become millionaires in internet marketing ?
  
  Thank you,
  Zourkas"
  
  That is interesting question:rolleyes: But one thing is for sure my friend, they do not
  come on to WF!
  
  Thanks
  
  1 reply
  
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  depp12 11 years ago
  
  Its been reported that 2% of all affiliates are responsible for 90% of all affiliate program sales.
  
  That will give you an idea.
  
  Hope that helps
  
  Thanks
  
  1 reply
  
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  alfred1982 11 years ago
  
  Originally Posted by depp12
  
  Its been reported that 2% of all affiliates are responsible for 90% of all affiliate program sales.
  
  That will give you an idea.
  
  Hope that helps
  
  Yes, I remember seeing this somewhere before. Can't really remember where it was reported.
  I agree with this as I find that it is not easy to make a decent amount, if any, from IM, even with the advice of experienced IM mentors and fellow WFers.
  
  As someone who is starting out, I was initially attracted by the idea of how potentially easy it is to earn some extra income using affiliate marketing through the Internet. However, after going through the process for the past few months, I realize how difficult it can be. The process of building a subscriber list, knowing what products your subscribers want (which may not be what you think they want), searching for these product offers, getting approval to promote these offers, opening of the emails by the subscribers, clicking the offer and buying the product before one can make any sale is difficult. Most of the time, when sales are not made, we get discouraged and give up.
  
  Originally Posted by maxfactor
  
  Here's the reason for the small percentages, according to one person
  http://www.warriorforum.com/main-int...w-succeed.html
  
  I like the response from this WFer. I think, especially as a newbie, it is important to be focused and not 'jump from one bandwagon to another' as and when there seems to be some quick methods to earn money through IM. Having a passion in whatever you do in IM is crucial in sustaining your efforts to continue despite failures.
  
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DonDiego

11 years ago

Originally Posted by KevinChapman

I don't sorry. I swear I've heard people say only 5% of marketers make it though?

Sorry, if I don't believe it, BUT...

Is 5% "only"? I think it would be great if really 5 from 100 peoples, starting their IM carrier could become millionaires.

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1 reply

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KevinChapman

11 years ago

Originally Posted by DonDiego

Sorry, if I don't believe it, BUT...

Is 5% "only"? I think it would be great if really 5 from 100 peoples, starting their IM carrier could become millionaires.

You're right, 5 out of a 100 people is pretty good, the term was make it though so I guess that means make a living rather than becoming a millionaire?

As long as I'm part of the 5% I don't really mind

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Tony Dean

11 years ago

I don't suppose any poll company in the world has done a poll to cover how many internet marketers became millionaires, I suspect though, there are more than we imagine. They don't like to blow their trumpet, the tax man might just be reading this thread!

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BloggerDeen 11 years ago

My guess would be much lower than 3%. Although millions of people enter thinking it to be very easy. Forget about making millions very few even manage to earn a respectable income to quit their job.
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John Atkins

11 years ago

How can we know?

I assume it's very low. Lower than 1%. The percentage of people who generate a million in sales is probably higher but there's a big difference between doing that and netting 1 million.

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patgoh

11 years ago

Hi,

I am new here.

How about the millionaires in this forum tell us who and how he/she made million?

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2 replies

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Daniel Evans 11 years ago

"Millionaire" doesn't mean anything unless everyone uses the same currency.
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Daniel Evans 11 years ago

Originally Posted by patgoh

Hi,

I am new here.

How about the millionaires in this forum tell us who and how he/she made million?

I wouldn't expect a tidy sentence in answer to that question even if anyone were to step forth.

You're likely to find that anyone who has made a considerable amount of money has done so via various income streams.

Your tasks then, would be to look into ways to generate much less via methods that are actively promoted here on the forum, which, as a collective, might add up to such an amount.

Daniel
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- Brandon Tanner 11 years ago
  
  Depends on how you define "millionaire", and depends on how you define "internet marketer". Do you mean a million in sales, or in profit? And if you mean profit, do assets count (house, cars, stocks & bonds, etc), or do you mean a mil in cold hard cash?
  
  And by "internet marketer", are you including everyone who has ever sold anything via Amazon, Ebay, Craigslist, etc.? (because technically, they are all marketing something on the internet). Or are you referring only to the "full timers" who market their own products or services, and/or who do "affiliate" marketing, via their own websites?
  
  And as Daniel mentioned, whose currency are we going by?
  
  Either way you slice it, I'd say the percentage of people who have made 7 figures in US dollars profit from some form of internet marketing is well under 1%. Of course, the actual figure would depend on all the variables mentioned above.
  
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Mogly

11 years ago

I've got the definitive answer --> 0.000000001%

That's a stupid question to ask because its no different than the general distribution of wealth in offline marketing. Its some really small decimal.

But it doesn't have any effect on you, nor does it change your chance of success.

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NewParadigm

11 years ago

Boston Consulting estimated 5.1 million households with a net worth of $1million in 2011. That came out to be 1.6% of the population at the time. I'd say IM millionaires are more along the lines of a lightning strike.

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PerformanceMan

11 years ago

At least 100%.

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Epnidy

11 years ago

I think this generation's marketers are very promising. A lot of them will probably end up rich thanks to their experience, all the while everyone who doesn't know what internet marketing entails is just throwing money at them.

You just have to spend your time effectively and follow your detailed business plan to ensure a comfortable ROI. Those who do that might get rich.

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MisterMunch

11 years ago

I think that 90 % of internet marketers who make 900.000 would spend most on champagne and a nice car before they reached the million. Easy comes, easy goes.

Still you have to remember that most people in internet marketing are working full time as an employee for a small company website or a local newspaper. Sure you can save from your sallary, but very few will become a millionair

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datingworld

11 years ago

I think the best way to know is if we contact Tax office

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maxfactor

11 years ago

Here's the reason for the small percentages, according to one person
http://www.warriorforum.com/main-int...w-succeed.html

A little off topic, but I heard the percentage of offline small businesses that succeed is much higher than people think; 51 percent last five years, 34 percent last 10.
Real Statistics Show That 70 Percent of Small Businesses Succeed At First

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Alex Mensah

11 years ago

Originally Posted by zourkas

Dear Warriors,

Does anyone here know the percentage of newcomers who become millionaires in internet marketing ?

Thank you,
Zourkas

I would say like 3% but that figure could be higher not sure. An interesting thing though is that about 97% of people that try and start an offline business fail but about 83% of franchises succeed staggering figure. So looks like buying franchises are the way to go.

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Othertim

11 years ago

So many chase being millionaires when its unrealistic. Most millionaires were born into their money. I'd just be happy to earn 1500 to 2000 a month with IMing as an extra stream of income.

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tjaysen70

11 years ago

yeah I think that the stats are like, 90 percent of the people who buy products to learn how to make money online, the newbies, either give up or don't take any serious action at all. Or they may try and dabble in it, fail at making money, and go back to what they were doing before, usually a regular job.

Now out of the other 10 percent that actually make money, I'd say 1 percent of those people, even make any serious money to quit their jobs.

So the folks that are millionaires making money online, versus those that try and make money online and grind out a few sales, are very few and far between. Maybe half of a percent.

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alan01

11 years ago

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Mr Anderson 11 years ago

As others have said, this is a very complex question. Are we talking about total assets or cash on hand? Are we including income from other sources? How do we define internet marketer?

I assume you are asking this question because you want to judge how easily you can become a millionaire from internet marketing. The resounding answer from this thread is not easily at all. However, take it one step at a time. If you can make a single dollar online, you increase your chances many fold (maybe from .00001% to .3%). If you can make a $100 in a week, your chances go up again (maybe from .3% to 1%). Really, once you have a successful business model you just need to scale up until you reach your goal.
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NoobSensei

11 years ago

Steve Pavlina had a really great blog post about this very question, a few years back. It's completely the wrong mindset to worry about what percentage of people make it, because the underlying assumption is that it's all about luck. The success rate has nothing to do with your personal likelihood of success.

It's probably true that over 90% of internet marketers are not very successful...but that's because over 90% of internet marketers don't take consistent, focused action and learn from their mistakes. You just need to have confidence that as long as you consistently take action and work intelligently, you'll eventually make it.

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Brian John 11 years ago

not even referring to what % become millionaires, but regarding what % actually "make it" online, i've always been aware it's very low but never used it as an indicator of how i might do. reason is simple, the barrier to entry for im is almost nonexistent, all it really takes to get started is an internet connection. w that alone almost anyone can call themselves an "internet marketer" but that doesn't mean they are, at least not a successful one by any measure.

so many people flock to this industry thinking they're gonna make a quick buck or even a living, but relatively few really go though a solid learning process to help ensure they do. being at this for several yrs, as have many others here, our chances of success are dramatically higher than the multitude who are brand new, those who only stay for a short while before giving up, and those who never treat it as a real business.

there's no magic formula, at least not one i've found, but taking ur im education serious and staying the course on one area long enough to see it through lends itself to a much higher chance of success than might be indicated by some dubious statistic floating around.
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mrkitty

11 years ago

Originally Posted by zourkas

Dear Warriors,

Does anyone here know the percentage of newcomers who become millionaires in internet marketing ?

Thank you,
Zourkas

Less than half a percent....at best.

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Rsherwood

11 years ago

Id say the statistics are ever changing. Becoming a millionaire online has nothing to do with luck. Its all about work ethic.

the question should be phrased as - " how many people who, bust their ass night and day wanting nothing more than to become a millionaire, make it? "

The worlds becoming a harder place to live in, the number of internet entrepreneurs are on the rise, marketing intelligence is on the rise, Id say the number is going to be on a steady increase as it has been over the last little while.

R.S

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JasonBennet

11 years ago

I think there is a very small percentage who get real results from their online business as it really requires commitment of time and effort. Too many of them are looking for an easy way out.

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arkina

11 years ago

I bet it is very, very small. I think those people are the ones who started e-bay. Amazon, people like that. Call me a skeptic...

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HeySal

11 years ago

Seriously - if you aren't one of them, why does it matter. Once you are, you won't be asking anyway, right.

Two words for ya: Pet rock.

It doesn't matter how many DO make it. It's if you have the magic bullet in your head or not, and your devotion and drive to translate it into something that attracts wealth. Feel lucky?

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Koolkitkat

11 years ago

You can do anything you put your mind to! As long as you can endure failures to reach success.

"People give up so fast because they tend to look at how far they still have to go, instead of how far they have gotten."

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Rose Anderson

11 years ago

I don't really know or care about who else is or isn't a millionaire. As long as one of them is not me -- I'll sit down at my desk every day and keep writing.

Rose

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How Much Is The % Of Internet Marketers Who Become Millionaires?

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