The difference between making $50,000/year and $350,000/year

by 21 comments
I spent a long time trying to make my websites profitable and earn a living from home. 8 years in fact. The difference between making $50,000/year and $350,000/year for me was having someone show me how.

Here's a good read for those of you still struggling to make a living from your site(s)... How to find the perfect mentor - Entrepreneur - Virgin.com

"Finding the perfect mentor could be the only thing standing between you and a successful career. Yet most people don't bother trying to engage with mentors at all"

Richard Branson has long advocated mentorship as a tool for developing entrepreneurs. He wrote on his blog recently: "Whenever I am asked what is the missing link between a promising businessperson and a successful one, mentoring comes to mind."

Discussing his own mentorship, the Virgin Founder pointed out Sir Freddie Laker, who he credits as a major reason for the ongoing success of Virgin Atlantic. "If you ask any successful businessperson, they will always have had a great mentor at some point along the road," he added.

"The first step to success in finding a great mentor is admitting you need one - not always an easy step for entrepreneurs used to making it on their own and working alone."

Don't get caught up reading all those ebooks, programs, courses, and articles on "how it's done" unless you want to get caught up in a tornado of BS from hack writers and waste years of your life trying to "figure it out" like I had to do.

Kill your ego, ask for help from someone who has already done it, and start living again.
#internet marketing #$350 #$50 #difference #making #or year
  • Profile picture of the author Chri5123
    Originally Posted by reviewers View Post

    I spent a long time trying to make my websites profitable and earn a living from home. 8 years in fact. The difference between making $50,000/year and $350,000/year for me was having someone show me how.

    Here's a good read for those of you still struggling to make a living from your site(s)... How to find the perfect mentor - Entrepreneur - Virgin.com

    "Finding the perfect mentor could be the only thing standing between you and a successful career. Yet most people don't bother trying to engage with mentors at all"

    Richard Branson has long advocated mentorship as a tool for developing entrepreneurs. He wrote on his blog recently: "Whenever I am asked what is the missing link between a promising businessperson and a successful one, mentoring comes to mind."

    Discussing his own mentorship, the Virgin Founder pointed out Sir Freddie Laker, who he credits as a major reason for the ongoing success of Virgin Atlantic. "If you ask any successful businessperson, they will always have had a great mentor at some point along the road," he added.

    "The first step to success in finding a great mentor is admitting you need one - not always an easy step for entrepreneurs used to making it on their own and working alone."

    Don't get caught up reading all those ebooks, programs, courses, and articles on "how it's done" unless you want to get caught up in a tornado of BS from hack writers and waste years of your life trying to "figure it out" like I had to do.

    Kill your ego, ask for help from someone who has already done it, and start living again.
    Spot on ^

    IF you get the RIGHT person.

    But yes, it works as long as you have a good teacher with proven results.
  • Profile picture of the author Aaron Doud
    Are There Any Real Mentors Left?

    Article I just saw touching on the other side. Figured this would be a good share given the theme (original not empower network) of this thread.
  • Profile picture of the author clever7
    A mentor won't show you everything, and he/she won't build your business for you. You need many mentors, and you also have to learn many things by yourself. You have to find out what can work for you and for your business.







    • Profile picture of the author reviewers
      Originally Posted by clever7 View Post

      A mentor won't show you everything, and he/she won't build your business for you. You need many mentors, and you also have to learn many things by yourself. You have to find out what can work for you and for your business.
      Well, that depends on the mentor. I strive to teach people EVERYTHING I know but it's a matter of time. Some people learn what I teach them to a certain point and they run off to do it themselves which I don't agree with. I prefer to teach people in the hopes that they become long term partners.

      I also prefer to help people build up their online business because it forces them to align to my strategy and use my resources which makes things run smoothly. You might as well start from scratch in some cases because as much some people think that AdSense site is going to make them a 6 figure income one day.. it's won't, and you have to convince them it's time to let go and start over fresh.
  • Profile picture of the author MrGardner
    Luckily we have many people who are good mentors here at the Warrior Forum
  • Profile picture of the author Long Beach Nathan
    Originally Posted by reviewers View Post

    I spent a long time trying to make my websites profitable and earn a living from home. 8 years in fact. The difference between making $50,000/year and $350,000/year for me was having someone show me how.

    Here's a good read for those of you still struggling to make a living from your site(s)... How to find the perfect mentor - Entrepreneur - Virgin.com

    "Finding the perfect mentor could be the only thing standing between you and a successful career. Yet most people don't bother trying to engage with mentors at all"

    Richard Branson has long advocated mentorship as a tool for developing entrepreneurs. He wrote on his blog recently: "Whenever I am asked what is the missing link between a promising businessperson and a successful one, mentoring comes to mind."

    Discussing his own mentorship, the Virgin Founder pointed out Sir Freddie Laker, who he credits as a major reason for the ongoing success of Virgin Atlantic. "If you ask any successful businessperson, they will always have had a great mentor at some point along the road," he added.

    "The first step to success in finding a great mentor is admitting you need one - not always an easy step for entrepreneurs used to making it on their own and working alone."

    Don't get caught up reading all those ebooks, programs, courses, and articles on "how it's done" unless you want to get caught up in a tornado of BS from hack writers and waste years of your life trying to "figure it out" like I had to do.

    Kill your ego, ask for help from someone who has already done it, and start living again.
    Good post. I think that's a hard thing for us to do-admit that we need a wiser, more experienced person to show us the way. It becomes harder after you've been teaching yourself everything for years, and you feel like you can make it.

    I guess that's the real trick. You can get to a point where it seems like you don't really need anyone to personally take you and show you the way. In reality, there's always so much to learn and it needs to be hands on. Just reading isn't the same.
    • Profile picture of the author Kevin_Hutto
      These days everybody is a coach. There are coaching programs being hawked by big name guys teaching coaches how to charge more for their coaching. Coaches coaching coaches to create coaches. And from what I have seen most of these "coaches" don't know d*ck. They sold consulting for six months and now they are an expert on it and teaching everybody else.

      I guess my point is that these days I think finding a qualified mentor is harder than ever. The guys who have big success often talk about their mentors - but those men had names like Carnegie, Hopkins, etc. They were masters before they ever started trying to mentor anyone.

      Just keep your eyes open and verify...
  • Profile picture of the author bluecoyotemedia
    believe it or not

    you could have an imaginary mentor

    watching so many episodes of the sopranos.. when ever I found myself ina challenge situation.. I would stop and ask

    What would Tony Soprano Do?

  • Profile picture of the author Willie Crawford
    I've had mentors most of my life, and they've made a HUGE difference.

    I don't currently have one but I am looking. My former mentor died.

    I also have an accountability partner, who has a LOT of practical
    business experience, and I belong to several mastermind groups with
    some very deep thinkers.

    My mentors have all pushed me out of my comfort zone and taught
    me to think bigger and redefine what is a "reasonable" goal!

    Willie
  • Profile picture of the author wfjason
    I agree that having mentors is very important. The best decision that I have make is that I have decided to follow just one mentor and fully understand that the mentor is doing. I personally feel that purchasing products or courses to learn is still good because I can learn new knowledge from it.

    But if I will be starting from scratch again, I will make sure that I choose a mentor and invest in it as it will prevent me from wasting unnecessary money and time.
    • Profile picture of the author reviewers
      Originally Posted by wfjason View Post

      I agree that having mentors is very important. The best decision that I have make is that I have decided to follow just one mentor and fully understand that the mentor is doing. I personally feel that purchasing products or courses to learn is still good because I can learn new knowledge from it.

      But if I will be starting from scratch again, I will make sure that I choose a mentor and invest in it as it will prevent me from wasting unnecessary money and time.
      I hope you mean one mentor at a time. You should learn everything you can and focus on one at a time but having only one mentor total isn't a great idea.

      I've had 3 just for online businesses and they all taught me completely different things. One person sold diet pills and made $20k/week doing it and another one ran some porn sites and was making $1M/month hands free. Although I didn't get into either of those businesses I learned some priceless lessons that I was able to apply to my own businesses.
  • Profile picture of the author mjcollins
    The question I ask myself is "can a mentor be virtual?" Can Thomas Edison be my mentor if I read his words? Or Henry Ford? Can I receive mentoring from this forum by reading posts?
    • Profile picture of the author PerformanceMan
      Originally Posted by mjcollins View Post

      The question I ask myself is "can a mentor be virtual?" Can Thomas Edison be my mentor if I read his words? Or Henry Ford? Can I receive mentoring from this forum by reading posts?
      Yes. Any part of the collective unconscious can be tapped by those sensitive to the phenomena.
  • Profile picture of the author Malcolm Thomas
    Originally Posted by reviewers View Post

    I spent a long time trying to make my websites profitable and earn a living from home. 8 years in fact. The difference between making $50,000/year and $350,000/year for me was having someone show me how.

    Here's a good read for those of you still struggling to make a living from your site(s)... How to find the perfect mentor - Entrepreneur - Virgin.com

    "Finding the perfect mentor could be the only thing standing between you and a successful career. Yet most people don't bother trying to engage with mentors at all"

    Richard Branson has long advocated mentorship as a tool for developing entrepreneurs. He wrote on his blog recently: "Whenever I am asked what is the missing link between a promising businessperson and a successful one, mentoring comes to mind."

    Discussing his own mentorship, the Virgin Founder pointed out Sir Freddie Laker, who he credits as a major reason for the ongoing success of Virgin Atlantic. "If you ask any successful businessperson, they will always have had a great mentor at some point along the road," he added.

    "The first step to success in finding a great mentor is admitting you need one - not always an easy step for entrepreneurs used to making it on their own and working alone."

    Don't get caught up reading all those ebooks, programs, courses, and articles on "how it's done" unless you want to get caught up in a tornado of BS from hack writers and waste years of your life trying to "figure it out" like I had to do.

    Kill your ego, ask for help from someone who has already done it, and start living again.
    This. But simply finding a mentor alone isn't usually enough. You have to also be willing to devote yourself to your mentor's teachings and take massive action.

    Doing these 2 things in harmony will allow you to triple your income, quit your day job, and live a life of financial freedom.
    • Profile picture of the author heavysm
      Pretty much how it is unless you're fortunate and somehow find your own way on your own.

      Coaching got me solidly within the four figure range monthly (previously my income was a little erratic) and I plan to do a 4 figure mastermind group once I reach $10k monthly to push me higher.

      So for me coaching was the difference between a relatively unstable income and something i could continually rely on.

      I know some coaches don't work out and it can suck to be in that situation. But with coaching that costs $xxxx I have seen amazing results. It depends on your coach, your situation, your knowledge and how well your coach presents the material so that you can profit fast.

      Once I hit $10k+ monthly (which has been my continuous goal) I don't mind reinvesting that to push toward $20k per month and beyond. Sometimes that is what it takes.
  • Profile picture of the author Nikita Harris
    Thanks for this post, I have found a mentor and I am finally getting what it takes to be successful

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