Making 100k ONLINE equalls no worries?

9 years ago

I passed the $100,000 mark last year, but I still worry about money.

I used to think that earning that kind of money would mean you'd just be able to totally relax, but unfortunately that's not the case.

Your lifestyle adapts to the money & you end up spending more... As an example last month I went to Vegas and spent $10,500 on the hotel room alone & $7000 on flights... That's not even touching on how much I spent there.

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Having $100,000 is nice, but you still gotta keep working! The thing is... You always want more...and you always should strive for me! Never stop!

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pauljones99

9 years ago

even if you ,make $1m+ per annum you will always have money worries. You can give some people $10M+ and within a year they are back to square 1.

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stevenrenolds 9 years ago

Originally Posted by pauljones99

even if you ,make $1m+ per annum you will always have money worries. You can give some people $10M+ and within a year they are back to square 1.

So true the more you make the greater your living expenses, etc tend to become.
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Alexa Smith

Banned 9 years ago

Originally Posted by smaddoxjr

Making A hundred thousand a year is not far fetched in a spare time internet business.

I think it probably is for more than 99% of the people who try to achieve it. Maybe even for 99.9%.

Originally Posted by smaddoxjr

Does this mean you never have to worry about money and work again.

People will vary, in their answers to that question.

Perhaps more importantly, once that's achieved by someone with the appropriate skills, it can typically be expanded further.

Originally Posted by smaddoxjr

To accomplish this goal do you think short copy or long copy is required?

No.

It doesn't follow that any "copy" is necessarily needed at all. That depends on the type of business.

But for the subgroup of people for whom it is needed, whether "short copy" or "long copy" will be more suitable depends on what they're selling, how, and to whom. In general, higher-priced products/services are likely to need longer copy, simply because at higher prices there are usually more potential sales objections for the copy to handle. ("Copywriting 101"). There can always be exceptions, for various reasons and in various contexts, of course, but the overall concept really isn't much more complicated than that.

.

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DaleRodge

9 years ago

Originally Posted by Alexa Smith

I think it probably is for more than 99% of the people who try to achieve it. Maybe even for 99.9%.

I'm sorry, but I have to disagree. It's possible for absolutely everybody.

Please take this as constructive criticism but your attitude to marketing is all wrong, if you think you can't make $100,000 then what do you aim for?

Why aim for $500 a month, $1000 a month or $5,000 a month when you could aim for $100,000 a month?

Set your aims high and work your ass off to achieve them.

$100,000 a year is certainly possible for everybody.

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pauljones99

9 years ago

YES...IF they want to do it!

Originally Posted by DaleRodge

I'm sorry, but I have to disagree. It's possible for absolutely everybody.

Please take this as constructive criticism but your attitude to marketing is all wrong, if you think you can't make $100,000 then what do you aim for?

Why aim for $500 a month, $1000 a month or $5,000 a month when you could aim for $100,000 a month?

Set your aims high and work your ass off to achieve them.

$100,000 a year is certainly possible for everybody.

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Alexa Smith Banned 9 years ago

Originally Posted by DaleRodge

Please take this as constructive criticism but your attitude to marketing is all wrong, if you think you can't make $100,000 then what do you aim for?

Considering that I was making that over 4 years ago, I'll take it entirely "constructively"; thanks.

Originally Posted by DaleRodge

$100,000 a year is certainly possible for everybody.

Good luck getting the 99%+ of aspiring internet marketers who never achieve anything like that at all to believe you. In my opinion, some people are not well-suited to self-employment of any kind at all.

.
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positivenegative 9 years ago

Originally Posted by DaleRodge

$100,000 a year is certainly possible for everybody.

It's possible for everybody, but there's more likelihood of a flea getting an elephant pregnant than everybody making it in IM. Alexa was 100% correct with her assessment of the realistic figures, particularly taking into account the never ending stream of dreamers, boneheads, idiots, mental cases, half-wits, and those with an IQ no greater than a 2-year old who make up the vast majority of the IM "wannabe" community.

Aside from anything else, show Alexa some respect. There are those who've been around the scene waaay longer than you have.
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- Alexa Smith Banned 9 years ago
  
  Originally Posted by positivenegative
  
  Aside from anything else, show Alexa some respect. There are those who've been around the scene waaay longer than you have..
  
  Thanks, but don't worry: I think Dale just misunderstood my post above as implying that I was nowhere near that, or something. Easy to take people the wrong way, in a forum (and probably I could have been clearer, too).
  
  .
  
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  djtrillian 9 years ago
  
  I know where you're coming from about things having a way of scaling up. I have been there and done that. Many years ago (late 1980s to early 1990s) when I lived in California I got to where I was making a lot of money and I blew so much of it on expensive meals and cars and all sorts of stuff. 'Lost a lot of money on a realestate deal that went sour etc.
  
  So having been through all that I know these days that if I get my earnings back up to that level I'll hang onto it now. (plus, I already have all the 'stuff' I want now, so my priorities have massively changed).
  
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Tom Addams

9 years ago

It depends.

The hypothesis that you can build an internet business and sit on the beach and relax is really not a myth. It just isn't the norm. The two primary ways to achieve it are either by having a labor structure in place or a passive income structure.

So, if it isn't the norm, then what is the norm?

Generally speaking: the more money you earn, the more invested you are in the business, both in terms of finance and responsibility, and therefore a higher income equates to less leisure time and more work time.

GRM

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Malteaser

9 years ago

I think money is just a way for us to keep score... no matter how much we make, we always need to see how we will take our business to the next level and make more money...

I don't think I would ever worry about money having to come into my bank account because once you learn how to build a business you can re-do another one from scratch if it ever dries up

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gjabiz

9 years ago

There is this thinking:

Add up all your monthly expenses, allow for emergencies and IF you were able to make 2x that amount, would you be more financially secure?

So, if you are already making 50k per year, 100k might not be a stretch, doable in YOUR MIND.

For a 25k a year person to get to 100k, it would be 4x current amount, and this is where the blocks kick in.

Can anyone do it? Well, theoretically yes. But, then, why not just do Amway or something else that has a 50 year track record and thousands of 6 figure a year soap peddlars?

ONE problem, expressed in OP, is that people who do make money faster than they ever did, are ill equipped to deal with it, spending, as pointed out, in relation to what you make.

But, a disciplined goal oriented person may set up a system for using their new found excess, by savings and safe investment. Many may think a 10,000 dollar trip to Vegas might be frivolous, but to each his own.

In many past discussions here at WF on this subject, we've seen this 100K as sort of the golden yardstick of IM success, but the HOW and how much time, is equally important.

For the disciplined, once you get to the 100k a year mark, have a good tax strategy in place and an investment plan, it could certainly ease things up for a family.

But, I think, the 2X approach would be better suited for Newbies in IM, go from 25 to 50 and then go from there.

gjabiz

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creat1veone

9 years ago

I'm more worried about the internet changing it self, than me spending the money. This world is heading towards a strong internet censorship, which I believe is slowly but surely minimizing the sources of traffic, of course not directly but indirectly for sure. Also I know new sources of traffic are also popping up one by one, but you never know what could happen, and when it does, it'll probably be "over night".

The most I earned in a month was $3,000, and where I live this is absolutely unbelievable and amazingly high amount of revenue. I worked 30 mins a day for this, every other day, so for about 15 hours a month, for a few months I had "IT ALL" - then I stopped working and over a year spent all my money.

Today I am trying to bring that back, and if I do, heh surely I'll think twice this time.

My biggest motivation came from people saying its impossible.

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DaleRodge

9 years ago

I think you guys have totally misinterpreted my post, which as mentioned above can easily happen on a forum.

I'm not trying to disrespect anybody here, and I completely agree that many people won't make 6 figures from IM. However, I don't want to take the fact away that they could & I enjoy keeping a positive vibe to encourage them that they can.

I hope that clears up my post, and please don't think I was trying to disrespect you or take a dig at your response.

*Group IM hug*

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gjabiz

9 years ago

Originally Posted by DaleRodge

I think you guys have totally misinterpreted my post, which as mentioned above can easily happen on a forum.

I'm not trying to disrespect anybody here, and I completely agree that many people won't make 6 figures from IM. However, I don't want to take the fact away that they could & I enjoy keeping a positive vibe to encourage them that they can.

I hope that clears up my post, and please don't think I was trying to disrespect you or take a dig at your response.

*Group IM hug*

Of course when you are an Empower Network affiliate, then, of course, it makes much more sense, doesn't it?

Would you like to come to a FREE opportunity meeting this weekend, snacks included.

gjabiz

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kilgore

9 years ago

Originally Posted by DaleRodge

However, I don't want to take the fact away that they could & I enjoy keeping a positive vibe to encourage them that they can.

Ahh yes, positivity. Unfortunately I think that reality is generally more useful than positivity. I don't have a problem with encouraging people, but continuing to spin easy money tales not only does a diservice to the people who will never see that "easy money" once they find out that's it's not actually that easy, but it is a bit of a slap in the face to those of us who have succeeded or at least are well on our way to getting there.

I'm sorry, but what my company has achieved wasn't easy so no, not everybody could have done it. It's taken business savvy, technical acumen, marketing know-how, hard work and a fair bit of luck. I imagine that's the same for everyone else who's established a profitable business, whether online or offline.

I generally have pretty egalitarian tendencies, but the fact is that people do not have equal abilities. It's either naive or deceiving to claim they do. But when I say that not everyone has what it takes to make it as an online entrepreneur that doesn't mean that those people aren't good people or better at certain things than I am.

I have a good friend who's an economist at the US Federal Reserve Bank. Super smart guy. He can do survey design and data analysis like you wouldn't believe. But he'd be a horrible entrepreneur. It's just not his schtick. He likes stability. He likes structure. He's creative in his own way, but doesn't really have business sense. He can write really well technically, but doesn't know how to move people with his words. Yes, some of these skills you can learn, but some of them you really can't. There is such a thing as natural ability. That said, I'd be a pretty lousy economist. I can also name about 100,000 other jobs I'd be bad at. It doesn't mean I'm stupid -- it just means that like most people I have strengths and I have weaknesses.

Back in the day, my friend might have been able to open a small business in a small town. It wouldn't have been the best run business or most innovative business, but he's smart enough that he probably could have made it work given that the competition wouldn't have been very fierce. But the thing with the internet is that you're potentially competing with everyone anywhere. It's not like running a restaurant where people are only willing to walk or drive so far to get a meal. If there's someone in Montana who's better serving your target customers, they'll buy from her. If she's in Zanzibar, they'll buy from her. Or maybe "she" isn't a "she" but a giant multinational corporation like Amazon.com. You're competing against them too.

As Kurt Vonnegut once wrote even before the internet:

"...simply moderate giftedness has been made worthless by the printing press and radio and television and satellites and all that. A moderately gifted person who would have been a community treasure a thousand years ago has to give up, has to go into some other line of work, since modern communications put him or her into daily competition with nothing but world's champions....

Maybe it feels more positive to just say anyone can make good money on the internet. It's also more positive to say that anyone can win the lottery than to say you don't have a snowball's chance in hell of winning. And of course fantasy sells, certainly better than reality. It's why people go to the movies or believe politicians' promises about every two years.

But if you're smart, the next time someone on the WF tells you that anybody can make it, or that "all it takes is action", take a look at his or her signature. See what they're selling.

Then again maybe they're not trying to sell you so much as sell themselves the fantasy that they can make it too. And who am I to break their reverie?

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Lucian Lada

9 years ago

Dale, it's time to lay down your newly-bought self-help book and face the music: most people are retarded.

Secondly, most sane people don't have the necessary qualities to be successful in IM, just like most people don't have the qualities to become musicians.

Thirdly, due to point two, most people can't tell good IM information from bad IM information, so they end up buying shitty WSOs that promise them heaps of money overnight, if only they fart just the right way. In other words, it's like the self-help industry.

I appreciate your enthusiasm, but step outside your bubble, even if just for a second, and look at the real world.

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NeedBucksNow

9 years ago

Hey. I would say if I was making $100K a year I would be very happy with what I had accomplished but then again it would just make the ultimate goal you want that much higher. I'm still pretty thrify with my money as I've been broke and I've had thousands in the bank as well. I would say it all depends on what you really want in life & knowing that money can't buy happiness.

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DaleRodge

9 years ago

Kilgore,

I completely agree - for me it's never been easy, completely the opposite.

Yes I've had periods where ive been able to relax and take a couple of weeks off, but those are few and far between. The rest of the time I'm working solid from 8am to 10pm.

It's not easy, but it's achievable if you put your mind to it. However I will agree that some people simply don't have the mind sets required to make it work.

But.... For those who are trying, and are trying hard, yes there's hope & I don't want to take that away from you.

Regardless who you are or what your goals are regardless of how big or small I wish you all the best of luck in your IM journey.

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Edwin Torres

9 years ago

I don't think the grind ever stops.

Once you beat a goal, try to aim higher and higher next time.

If you become complacent thats when you lose motivation and lose the initial drive that took you to those six figures.

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brutecky

9 years ago

Are you kidding $100K means you no longer have to worry? Umm here is the thing just because you made $100K this year, or each year for the last 5 years or even 10 years does not mean you will make continue to make it next year. If your looking for financial freedom what you want is investments / savings etc not annual income from a business that might fail at any time.
At my age (36) I expect to live for at least another 30 years (less if my exwife has anything to say about it) so I would need $3,000,000 to feel secure and not worry about money anymore.

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smaddoxjr

9 years ago

I must say I can really appreciate what you all have to say. You sure have my mind going in different directions. I do believe that it is never enough, however there could be a point where you could live off of the interest and certain investments if you play your cards right.

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miklanderson2

9 years ago

Originally Posted by smaddoxjr

Hey ,

The internet marketing industry has unlimited potential. Making A hundred thousand a year is not far fetched in a spare time internet business. Does this mean you never have to worry about money and work again. To accomplish this goal do you think short copy or long copy is required?

A hundred thousand a year is far-fetched in a "spare time" Internet business for the vast majority of people out there. It takes a lot of effort for most people to reach that milestone and most Internet Marketers who have reached it will tell you they work longer hours now than they did when working a 9 to 5...or at least they did while getting their business off the ground.

As someone who has reached that milestone, I can tell you without a doubt that you won't stop worrying about money and you won't be able to quit working. You'll be able to worry less about paying the bills, but you'll still have to manage your money carefully or you could lose it all in a heartbeat.

As far as short vs. long copy, I think the others are right in that it depends on what you're selling. Try both and see which works best for you.

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skyro

9 years ago

I think its all about good money management and self - discipline. If you can manage your money good for eg. saying you would spend 10% of your earnings on yourself, 50% on your expenses, 20% on investments so forth and not break your guidelines you can do just fine. The problems is that when we make more we tend to spend a whole lot more. Learning good money habits and self discipline should be our first goal before we begin earning the money.

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Randall Magwood

9 years ago

Originally Posted by smaddoxjr

Hey ,

The internet marketing industry has unlimited potential. Making A hundred thousand a year is not far fetched in a spare time internet business. Does this mean you never have to worry about money and work again. To accomplish this goal do you think short copy or long copy is required?

Your question is all over the place. All great marketers know how to duplicate this income in a different niche or the same niche. It's all marketing. Copywriting is important, but if you're talking to the wrong group of people who can't or won't buy from you... you might as well be speaking to a door knob. Start with a small goal (ex: make enough to quit working). Then upscale from there.

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drem

9 years ago

Originally Posted by smaddoxjr

Hey ,

The internet marketing industry has unlimited potential. Making A hundred thousand a year is not far fetched in a spare time internet business. Does this mean you never have to worry about money and work again. To accomplish this goal do you think short copy or long copy is required?

It depends on how your lifestyle changes. If you buy a new house and start spending your money on all the items you couldn't afford before, you'll quickly find out that 100k might not be enough. It is all perspective. If you can adhere to a strict budget, 100k should provide you with an amazing lifestyle.

As far as a long or short copy, I think it really depends on the product and the demographic. It is all about "who" you're promoting to when it comes to a copy. I have seen a long copy fail miserably because the target audience were lawyers that simply can't spend 10 minutes reading a lengthy copy.

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jamescanz

9 years ago

In response to your thread title:

"You can either be a Warrior or a worrier"

(just had to say it)

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Making 100k ONLINE equalls no worries?

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