146 replies
Howdy Fellow Warriors,

While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
That only works out to $36,500 per year, and that's if you do it every day.

Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

So, am I off base on this?

All the best,
Michael
#$100 #day
  • Profile picture of the author nicholasb
    Well I think for most people it's a good starting figure. A lot of people don't even make that much with their jobs.

    That was my first goal online, and I did it in about 2 weeks, so as soon as I hit it I raised my goal to $200 then $500 a day.

    My current goal after taxes and expenses is $2500 a day, which I am sure as soon as I reach that I will move it up to $5,000 a day.

    But I think for so many people it is a good realistic starting point in their minds as it was for me when I first started.
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  • Profile picture of the author Scott Million
    Almost 50% of the people in the United States over 25 personally make less than $25K per year. 75% make less than 50K. $100/day (or $36,000 / year) is a life changing amount and seems 'real' and 'obtainable' ...

    I'm not a fan of this approach at all as people tend to construct business models to reach their specific income goals.... those who set higher income goals such as $10,000 / mo are certainly not going to write articles for people at $20 or less a pop, for example, while someone going for $100 a day would consider it.

    If your goal was $100,000 a month, all of a sudden you start focusing more on outsourcing, building lists, product creation w/ affiliates, etc. Not true in every case, but I'd say some or all of those activities are part of the model for the highest earners online.

    Anyway, $100/mo hits home for most people, at least in the US...

    US Household Income Reference:

    http://en.wikipedia.org/wiki/Persona..._United_States
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    • Profile picture of the author jan roos
      $100 per day works out to be around $12 per hour. Most people don't make that at their full time jobs so to make that while sitting in your underwear at home is great for the vast majority of people.

      I think it's a great starting point from wich you can gain some experience and confidence in this business. Then move forward with higher goals etc.

      Cheers
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    • Profile picture of the author Silas Hart
      Originally Posted by Scott Million View Post

      Almost 50% of the people in the United States over 25 personally make less than $25K per year. 75% make less than 50K. $100/day (or $36,000 / year) is a life changing amount and seems 'real' and 'obtainable' ...

      I'm not a fan of this approach at all as people tend to construct business models to reach their specific income goals.... those who set higher income goals such as $10,000 / mo are certainly not going to write articles for people at $20 or less a pop, for example, while someone going for $100 a day would consider it.

      If your goal was $100,000 a month, all of a sudden you start focusing more on outsourcing, building lists, product creation w/ affiliates, etc. Not true in every case, but I'd say some or all of those activities are part of the model for the highest earners online.

      Anyway, $100/mo hits home for most people, at least in the US...

      US Household Income Reference:

      Personal income in the United States - Wikipedia, the free encyclopedia
      Could not have said it better myself.
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      • Profile picture of the author All Night Cafe
        I think the goal of $100.00 a day comes to be a
        powerful accomplishment when it is met.

        It's the joruney to get there that is the best part.

        You have proven to yourself that it is possible
        and you now have a system to go for the $200.00
        dollar a day and beyond.

        I also think if your goal is less, you will not work
        as hard.

        So I like the $100.00 day for all newbies to go for.
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      • Profile picture of the author dlking1000
        My goal is to get to $100 per day online. I haven't done it yet. I'm embarrassed to say how long I have been trying. Can someone please help me. I think the goal is to get to $100 per day then scale up whatever system you used to get to $100 per day to multiply that amount to whatever amount you want. Isn't it true that once you learn a system you can just scale it up.
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      • Profile picture of the author Kamran
        In Dubai, $3000 per month becomes Dhs 11k which is more that what fresh graduate engineers make.
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      • Profile picture of the author solton
        It's simple...

        $100 bucks per day is an achievable goal.

        For some people $100 bucks is chicken feed, for others it's enough to replace their day jobs. That's not the point.

        If you can make $100 per day then you probably have a rinse and repeat situation. I say probably because some people (heck, most people) hit a wall
        at some point.

        But still, once you achieve that first level it becomes real. You have some level of experience and some confidence to take it to the next level.
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      • Profile picture of the author thedog
        You're assuming that the IMer is living in the states.

        What if you're living in SE Asia? $100 a day goes a long way out there...

        I'm from Ireland myself, and have been traveling for quite a while... I'll be heading back to China in a few weeks, where I hope to settle for a bit.

        IM seems like a great way to earn a living, although, I have no idea of the tax implications... I guess that's another post.
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      • Profile picture of the author Dean Shainin
        This probably sounds ridiculous Michael but my first goal online was to make $5 per day and I got excited when I made my first .20 cents from an AdSense site... I figured once I hit $5 per day, I'll expound upon that add a 0 and make $50 per day and once I reached that point I added another 0 to make $500 per day. I think the way the mind works 'at least my mind' it's easier to break things down into smaller goals for some reason. When I made over $2,500 in a 24 hour period, that's when I felt I'd become a success and that I wanted to set bigger goals but to sustain $2,500 per day stressed me out to the core of my being and realized that's not a good fit for me at this point in my life. Over time I got to a point financially that feels good to me and does not consume my life and stress me out...

        However, I do question myself and wonder if I would have set bigger goals while first starting out if I would have got to my ultimate goal faster or would I have set myself up for disappointment and failure...

        I'm with you as to the coast of living, taxes etc. and feel it all depends upon each person as to what would make sense to them. $100 per day would probably sound like .10 cents per day to someone like Frank Kern, Mike Filsaime, and the likes.
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      • Profile picture of the author bighostchennai
        In a sales video,recently I went through,a IM guru..spoke about $1000 per day.., a seemingly life changing product..,same - one click millionaire product, click bank product, had three exit pop, first one $67, second one $47, third one $17 and guess what the fourth one.. $7 LoL, A person who is earning $100,000 per day why so begging.. so desparate.. what I confer is IM earning is fluctuating, lots of factors come into play, I like to question, how many people consistently make such money?
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  • Profile picture of the author MilesT
    Michael - I think its just meant as a starting point, not the final destination. Like Nicholas said it was the beginning for him and it crystallized how to get to $200, then $500 etc.

    For most biting off $500 a day is TOO unrealistic and therefore not achievable so why try. But $100? ...pfft.
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  • Profile picture of the author Justshowme12
    As with the preceding posters, I believe it is in the eyes of the beholder. If this venture in in conjunction with your current means of income, an additional $100 a day can be significant. If this is your sole source of income, while it not being completely insignificant, it is not something I would be content with.
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  • Profile picture of the author Fazal Mayar
    Beleive me, 100$ a day is a lot. When I had my full time job, sometimes I just wanted to stop because it's so long and tiresome. People are working 8-5 for 10$ an hour, if you told them you make 30k a year sitting at home in front of your computer, they would probably smash you with a baseball bat.
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  • Profile picture of the author Ashley Gable
    I think it also depends on your lifestyle, right now I currently live on about $12,000 a year. I do live with my parents though so that is a huge help I never saw the point in leaving home just for the sake of leaving home, which certainly helps me and them out.

    But I can see how someone living and supporting themselves fully could find themselves in a less than ideal situation.

    I think as long as one doesnt work each day just to get to $100 (where $100 per day is the end of the road) but instead looks at it as the $100 per day is just a rest-stop along the way, then they will be fine.

    That is what I am doing, its just a reachable and not so far way goal that I can attain, and then build upon to reach the next goal.
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    • Profile picture of the author JamesRiley
      Originally Posted by Ashley Gable View Post

      I think it also depends on your lifestyle, right now I currently live on about $12,000 a year. I do live with my parents though so that is a huge help I never saw the point in leaving home just for the sake of leaving home, which certainly helps me and them out.

      But I can see how someone living and supporting themselves fully could find themselves in a less than ideal situation.

      I think as long as one doesnt work each day just to get to $100 (where $100 per day is the end of the road) but instead looks at it as the $100 per day is just a rest-stop along the way, then they will be fine.

      That is what I am doing, its just a reachable and not so far way goal that I can attain, and then build upon to reach the next goal.

      How old are you dude? Move out! Stop living off your parents. Be a man. I moved out when I was 18 I'm 24 now.
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  • Profile picture of the author dmadnani
    (I know you mentioned particularly for the US but just wanted to point out that kind of daily income is considered phenomenal in some countries.)

    Though you're right $100 a day may not be a lot but setting a goal is what's more important and we all have to set some targets along the way. It isn't always wise to aim straight for the big bucks when you don't even have a system in place.

    By the way love how this thread ironically (or maybe intentionally? ) is so close to "Want to make $100 a day"

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  • Profile picture of the author DrewClement
    Because the goal of making $100/day is usually set in order to entice those that work full time in other positions to get into online marketing, or by the people themselves that have full time employment.

    $100/day on top of a full time salary is life changing. That is the goal that I set for myself when it all began.

    The key is to never look back..and keep pushing forward, is it not?
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  • Profile picture of the author Hanz
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    That's assuming that people who are wanting to make $100 a day online are unemployed or are sick and/or living on welfare, etc. As nicolas, Scott and others on here have said, it's a great starting point for those wanting to make a living online. Some start at making their first dollar and then scaling up. $100 a day is a great goal and then trying to scale up from there...
    I guess as long as one is careful with their spending habits, they'd be fine with 36K. Not gonna live the great life but you can still survive on it.
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  • Profile picture of the author BryanC
    Originally Posted by Michael Oksa View Post

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.
    Do self employed IM'ers really get taxed that hard?
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    • Profile picture of the author Kevin Marshall
      Originally Posted by BryanC View Post

      Do self employed IM'ers really get taxed that hard?
      My thoughts exactly! I'm not sure what the exact rates are, but I don't think they are quite that high. It depends on how much you make.
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      • Profile picture of the author Michael Oksa
        Originally Posted by Kevin Marshall View Post

        My thoughts exactly! I'm not sure what the exact rates are, but I don't think they are quite that high. It depends on how much you make.
        As far as yearly income taxes, it tends to work out closer to 30%.

        Keeping track of all income and expenses, then having a qualified tax professional determine what your legitimate deductions are helps ease that burden.

        However, the point about taxes is still the same...they can take a siginificant chunk out of your business income and should be considered as part of the equation.

        All the best,
        Michael
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      • Profile picture of the author PhoebeSmellyCat
        Originally Posted by Kevin Marshall View Post

        My thoughts exactly! I'm not sure what the exact rates are, but I don't think they are quite that high. It depends on how much you make.
        When you're employed, the employer must pay the withholding (Federal, State, FICA and Medicare) PLUS match the FICA and Medicare.

        When you're self employed, you must pay all of that yourself (called self employment tax).
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  • Profile picture of the author Dennis Wagoner
    Remember Michael some will be shooting for $100 per day on top of what they are already making at a day job.

    If you're already making your bills with what you make at your day job, that extra money would seem a lot more substantial because it would be "disposable income".
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  • Profile picture of the author evanlambda
    The income distribution for Internet marketers follows a bell curve, and the top of the curve seems to be, from my observations, slightly less than $100/day
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    • Profile picture of the author raylm123
      Originally Posted by evanlambda View Post

      The income distribution for Internet marketers follows a bell curve, and the top of the curve seems to be, from my observations, slightly less than $100/day
      I'd love to see the data behind this assertion! :rolleyes:

      But getting back to the question at hand, there is probably a psychological element to using $100 a day as well. It's a nice round number, not so high that it doesn't seem attainable, but not so low that you'd think it's not worth your time.
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      • Profile picture of the author Lance K
        Originally Posted by raylm123 View Post

        Originally Posted by evanlambda View Post

        The income distribution for Internet marketers follows a bell curve, and the top of the curve seems to be, from my observations, slightly less than $100/day
        I'd love to see the data behind this assertion! :rolleyes:
        Even if he did have supporting data, he would have to convince people to accept his parameters of what qualifies as an "internet marketer".
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  • Profile picture of the author jacktackett
    My first question is why is it either/or? Not everyone needs to quit their day job. Some people actually like their job - not everything of course - e.g. I had a pretty bad week last week but all in all running my own business with my 2 partners is fun. Personally I'm just looking to make some extra money and also slowly enter into marketing instead of support/development. I'm good at what I do so now I have another hill to climb.

    Note I agree with most folks here - especially starting with a goal, but it should not be your end all and be all. IF your goal is to quit your day job - then you need at least to earn 1.4x what you do now (to cover the extra taxes) and more if you have to replace benefits. Its pretty hard to hit a target if you don't know what it is.

    For myself I do a yearly goals and then followup on them quarterly and sometimes monthly (and sometimes I just sit on my rump and do nothing ). We do the same for our day jobs too - in January we set goals and quarterly we asses were we are and what we need to do - including changing the goal if need be.

    respectfully,
    --Jack
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  • Profile picture of the author typoo999
    In Hungary, $100/day is four times better than most people's payment.
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  • Profile picture of the author charlesf
    I agree with the fact that its a nice goal to set for yourself AND that its not much after you break it all down. Bottom line is you have to start somewhere and that usually comes from just making the first sale.
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  • Profile picture of the author BillLudwig
    I'm just starting out so $100 a day would be wonderful. That is my current goal and I think I can get there. Of course I do work full time and I do freelance development/design work so I have less time to devote than I want. Still $100 isn't enough to make me consider going full time IM. $250 would be and thats going to be my second goal when I make it to $100.
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  • Profile picture of the author Peter Bestel
    As Ed Dale was proving for some time with 30 Day Challenge - $1.00 a day (or was it a month?) is enough of a target to get you to know the necessary systems, methodologies and give you confidence to make money online.

    However, as a business goal, I agree with Michael, $100 is a not enough.

    Whilst every journey starts with the first step you would be better aiming somewhat higher. Get comfortable with bigger numbers. As long as you can handle the days that you don't quite reach your targets and get even more inspired each time you miss them, you'll get used to setting goals that are just outside your comfort zone and your business will have a chance of growing.

    Impotent goals can be the death of any business.


    Peter
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    • Profile picture of the author Craig McPherson
      My take on it.

      To make $1,000 a day you first have to pass $100.

      When I reached $100 a day I simply did what every 2nd person here tells you to do

      Rinse and repeat.

      It's not easy. I have only ever had 3 x $1,000 days in 4 years of serious marketing but the logic and the basics remain the same.

      Go for $100 a day. Never, ever quit until you get there. You won't be able to wipe the smile of your face. Please remember to set new goals as you are approaching your target, not once you get there.
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  • Profile picture of the author Michael Oksa
    Wow!

    I go to pick up my kid from school, and look what happens!



    Anyway, don't get me wrong. I think $100 a day, or any amount is a worthy goal. My main point is in the bolded sentence of the post.

    Perhaps a better way to word would be don't limit yourself to $100 per day if that isn't enough for you. And don't shoot for $100 per day if it seems completely impossible to you.

    Everybody is different, and we all have different needs, so, please don't think I'm trying to sound high and mighty or looking down on anybody, that was not my intent.

    That being said, there have been some excellent points made so far in this thread.

    All the best,
    Michael
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    • Profile picture of the author Rikki_Fawkes
      Originally Posted by Michael Oksa View Post

      Wow!

      I go to pick up my kid from school, and look what happens!



      Anyway, don't get me wrong. I think $100 a day, or any amount is a worthy goal. My main point is in the bolded sentence of the post.

      Perhaps a better way to word would be don't limit yourself to $100 per day if that isn't enough for you. And don't shoot for $100 per day if it seems completely impossible to you.

      Everybody is different, and we all have different needs, so, please don't think I'm trying to sound high and mighty or looking down on anybody, that was not my intent.

      That being said, there have been some excellent points made so far in this thread.

      All the best,
      Michael
      $100 a day is only my part-time goal, since I write part-time and IM part-time. I hope to someday IM full-time, but I can't break $100 a day on that yet, so it's not a happenin' thing for me. But you're completely right - $100 a day/$3,000 per month isn't much, unless perhaps you're living on your own in a state besides California, New York or Florida.
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      • Profile picture of the author Tina Golden
        Some of the statements in here made me chuckle. I raised three kids, mostly on my own, and the highest income on any tax form in my life was $22,500.

        My last job was assistant manager at a Payless Shoe Store and after 5 years of employment, I was making $10.45 per hour - the highest wage I'd ever earned.

        For many of us $100 per day will free us from our jobs.

        Now, $100 per day isn't nearly enough for me...lol...but at one time, it was a life-changing amount.

        Tina
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        • Profile picture of the author Michael Oksa
          Originally Posted by TMG Enterprises View Post

          Some of the statements in here made me chuckle. I raised three kids, mostly on my own, and the highest income on any tax form in my life was $22,500.

          My last job was assistant manager at a Payless Shoe Store and after 5 years of employment, I was making $10.45 per hour - the highest wage I'd ever earned.

          For many of us $100 per day will free us from our jobs.

          Now, $100 per day isn't nearly enough for me...lol...but at one time, it was a life-changing amount.

          Tina
          Everybody's different.



          $100 a day may change the lives of some people, for others it won't. That's why it's so important to know what your personal number is.

          As far as your income goes, it sounds ike that is your ADJUSTED income. In effect, that's what I'm trying to get at...$100 a day isn't really $100 day in your pocket.

          All the best,
          Michael
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          • Profile picture of the author Lance K
            I bargained with life for a penny
            And life would pay no more
            However I begged at evening
            When I counted my scanty store
            For life is just an employer,
            He gives you what you ask,
            But once you have set the wages,
            Why, you must bear the task.
            I worked for a menials hire,
            Only to learn, dismayed,
            That any wage I had asked of Life,
            Life would have willingly paid.

            ~ Jessie Belle Rittenhouse
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            • Profile picture of the author Onash
              Originally Posted by Lance K View Post

              I worked for a menials hire,
              Only to learn, dismayed,
              That any wage I had asked of Life,
              Life would have willingly paid.

              ~ Jessie Belle Rittenhouse
              very very true !!
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        • Profile picture of the author smartdoctor
          Originally Posted by TMG Enterprises View Post

          Now, $100 per day isn't nearly enough for me...lol...but at one time, it was a life-changing amount.

          Tina
          Honestly If I would make $ 100 per day consistently for me It would be life changing It seems to be a far fetched dream but am waking towards it since I joined WF . In My country that is good money to live a decent life since it translates to $3000 per month = Ksh 231,000 I dont even think if I work as a doctor in my country I can earn that amount in a month only A university professor can earn such amount or may be a mayor. I am happy to be a member of warrior honestly being in WF is more than a PHD(I dont mean to demean education but this is the truth for me )
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  • Profile picture of the author ItsMe.Sheree
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    • Profile picture of the author Michael Oksa
      Originally Posted by ItsMe.Sheree View Post

      I think your post to be suitable for everyone who is interested in valuable resources. Its really amazing !!!!
      I think your post to be suitable for everyone who is interested in seeing what post count boosting posts look like. Its really typical!!!
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  • Profile picture of the author WebPen
    Like a lot of people have already said, I think its just a good starting goal.

    If you start too low- say $10- that really probably won't change your life very much. Even if you only make $70-$80 a day, that extra 10 bucks wont be much.

    But for someone who makes $9 an hour, the idea of something like $500 a day seems outrageous and unreal- especially on the internet.

    $100/day is good. Sure its not really easy to live on, but if you're making that on top of your day job income, you're doing pretty good.
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  • Profile picture of the author Alfred Shelver
    Its amazing whenever anyone makes income disclosures its to the cent $4233.33 an hour , but no one wants to make such specific amounts it's always $100, $200 $1000 a day.

    My goal is $123.33 a day.
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  • Profile picture of the author JayVance
    You can have any goal you like I just think 100$ is a good number to start off with. It really can be anything. I could say I'm going to make 1000$ per day as my goal and never stop working till I achieve it.

    100$ just seems easy so I think that's why people like that goal so much.
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  • Profile picture of the author petelta
    As a single man with no children, my expenses are pretty minimal when it comes to survival, but $100 a day was the ideal figure for me because it was enough money for me to be able to pay survival expenses, have a fun time at least once a week, and enough left over to put back into my business to have an effect.

    Once I hit a $100 day, it took a matter of weeks before I was at $200. I knew that was going to be the case too. It's so much easier to do this stuff when you actually don't have to do it and you can just hire others to do it.
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  • Profile picture of the author CDarklock
    Originally Posted by Michael Oksa View Post

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    Depends on where you're coming from. I find most IMers coming from three basic places.

    1. I am young and can't get a job making much over than minimum wage. $100 a day is better than that, and I wouldn't have to get a "real" job.

    2. I need a second income in my household, but would rather not work outside the home due to illness/family/housework/transportation. $100 a day would make our lives much better.

    3. I've recently had my income reduced, and it was already barely enough. $100 a day would return me to a comfortable lifestyle.

    Your example seems to come from a fourth place, which I do see, but not as often... the people in this fourth place simply make a lot more noise:

    4. I lost my job completely. I have a family, a mortgage, and no savings. I need to restore my status as sole breadwinner of the family.

    Another name for (4) is "I screwed up really bad."
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    • Profile picture of the author Michael Oksa
      Originally Posted by CDarklock View Post

      Depends on where you're coming from. I find most IMers coming from three basic places.

      1. I am young and can't get a job making much over than minimum wage. $100 a day is better than that, and I wouldn't have to get a "real" job.

      2. I need a second income in my household, but would rather not work outside the home due to illness/family/housework/transportation. $100 a day would make our lives much better.

      3. I've recently had my income reduced, and it was already barely enough. $100 a day would return me to a comfortable lifestyle.

      Your example seems to come from a fourth place, which I do see, but not as often... the people in this fourth place simply make a lot more noise:

      4. I lost my job completely. I have a family, a mortgage, and no savings. I need to restore my status as sole breadwinner of the family.

      Another name for (4) is "I screwed up really bad."
      Hi Caliban,

      I really like your take on this, and your assertion is probably correct in far too many cases.

      It's kind of funny though, my reason for posting that part of it was to not come across as insulting.

      I guess I could have title this thread "$100 gross is not the same as $100 net", but that sounded kind of dull.

      All the best,
      Michael
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      • Profile picture of the author CDarklock
        Originally Posted by Michael Oksa View Post

        I really like your take on this, and your assertion is probably correct in far too many cases.
        It's certainly true of me. I started out in position (3) expecting to move into position (2) before my reduced income turned into no income, but then I ended up in position (4) instead.

        So the business plan had to change. I did quite well in position (3) and would have continued doing well in position (2), but instead I screwed up really bad and ended up here.

        And honestly, from my perspective at $10-$20 a day on the average? $100 a day would be pretty nice.

        The approach differs based on where you are. You can tolerate less risk as the situation moves from (1) to (4)... basically, you start to care less about short-term and more about long-term as you move along those lines.
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    • Profile picture of the author thomgibbons
      Originally Posted by CDarklock View Post

      Depends on where you're coming from. I find most IMers coming from three basic places.....

      Your example seems to come from a fourth place, which I do see, but not as often... the people in this fourth place simply make a lot more noise:

      4. I lost my job completely. I have a family, a mortgage, and no savings. I need to restore my status as sole breadwinner of the family.

      Another name for (4) is "I screwed up really bad."
      I agree with your point about the four different places, but why is someone losing their job "screwing up really bad"? In today's day and age job cuts aren't necessarily a reflection of how someone is doing - it's just a result of the economy. It seems a little harsh to phrase it like that.
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  • Profile picture of the author discrat
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    No you are not off base. Why do we have limit ourselves and think a 40k or 50k annual salary is what to shoot for. Many of us have this ingrained in our heads since being kids by our kinfolks who say you go to college , study hard, get out and if you get a job paying 50K a year or more you are a Success.

    Why not 50K a month ?? Why are we so bent on making a annual salary on this level ?

    If we dont expect more then we will NEVER get out of this mediocrity.

    Nuff said and Good Post !!
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  • Profile picture of the author jedediahd
    I think Caliban is right on the money, you are completely right, when you are making $50k a year in a job, and lose said job, $100 is no where near enough money.. I think what you really meant to ask is "Why $100 a day, when a $100 a day is not enough to live comfortably in the United States" That narrows it down much better, because I know for a fact if I was making $100 a day and living in Phuket, or even Mexico, it would be closer to making a true $100 a day here.
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  • Profile picture of the author DanGlobalizer
    What I want to know is, who is paying only $500 for rent/mortgage
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    • Profile picture of the author alanmoore78
      Originally Posted by DanGlobalizer View Post

      What I want to know is, who is paying only $500 for rent/mortgage
      $543 a month, but that includes property taxes and fire/theft coverage. The actual mortgage part of the payment is a mere $418. And this is a four bedroom house, not a trailer.
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      • Profile picture of the author miklanderson2
        Originally Posted by alanmoore78 View Post

        $543 a month, but that includes property taxes and fire/theft coverage. The actual mortgage part of the payment is a mere $418. And this is a four bedroom house, not a trailer.
        $425 a month covers my property taxes. My house is paid off. When the economy tanked I paid 150K cash for an almost new house in CA...
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    • Profile picture of the author Justin Jordan
      Originally Posted by DanGlobalizer View Post

      What I want to know is, who is paying only $500 for rent/mortgage
      That's a very typical rent or mortgage payment once you get out of the urban/suburban areas. If you make your money online, live somewhere cheap.

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  • Profile picture of the author TheAffairLady
    While I agree that 100$ a day is not enough to live on, I think the phrase probably targets people who are looking to supplement their income not replace it entirely.
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  • Profile picture of the author Jacob Martus
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    It is certainly better than working at a 'job' for more than 1 reason. For me, it's all about being able to stay home all day and not having anybody but myself to be responsible to.
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  • Profile picture of the author Kurt
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    $100 a day can also be a preliminary/short term goal. Once one gets to that point, they can/should readjust their goals.

    Also, many people are happy in their jobs and are just looking for some extra spending money. Every poll I've done finds most of my marketing customers just want to make enough extra to pay some bills and improve their lifestyle a bit. Despite all the hype, most aren't looking to get rich.

    I think I read a long time ago that just an extra $200 a month would keep most people in the US from bankruptcy (or something like that - don't quote me).

    $33 a day, or 1/3 of the $100, is $1000 a month. To most American families, that's a disctinct increase in life style and a lot of families can use an extra $1000 a month.

    IM success for some really needs momentum. It's very hard to get the ball rolling if you're starting out from scratch, but once you start making $50-$100 a day, you now have the "bankroll" to invest in the software and outsourcers and resources needed to grow and at this profil level you're starting to go from spending to earning, a huge difference.
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  • Profile picture of the author skibbz
    I say $1000 a day....thats my target:-) $30gran per month would be life changing especially being your own boss and making that amount. no matter what economy you are in....just got to do alot of groundwork to make it happen
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    • Profile picture of the author DianeBrandt
      We all know that $100 a day isn't much, but for the beginner it means a lot! Over time ones income should increase.
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  • Profile picture of the author Sheryl Polomka
    For me $100 would be great and that is my goal for now and would certainly be enough for us to be able to comfortably pay our bills and mortgages.

    Long term, it would be nice to earn more, but for now I'd be happy with $100 a day. It's a good goal to start with and then move on from there!
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  • Profile picture of the author eflo
    2739.72/day aka 1 million in passive income per year.
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  • Profile picture of the author ThomKenton
    As others have stated, it is the milestone that we all must hit on our way to wealth. For many of us, the first $1 online was a milestone. From that we can build, and each nominal milestone brings about another smile. I can only imagine what the One Million Dollar Day must have felt like
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  • Profile picture of the author unbrokenspirit
    Originally Posted by typoo999 View Post

    In Hungary, $100/day is four times better than most people's payment.
    in indonesia it's 10x, average IM revenue considered equal to manager salary here
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  • Profile picture of the author maesil
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    Don't think about limiting yourself to $100 a day. Think about how many times you will do what it takes to earn $100/day. So if you'd like a nice 6-figure income, do it 10 times, giving you $365,000.00 per year. That'll easily cover all of your current expenses.

    PS. Uncle Sam doesn't HAVE to take about 1/3 of that. How much you pay for taxes is up to you...
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  • Profile picture of the author Amy Carczak
    $100 / day was a big goal and
    a big achievement for me. It really
    launched my online business and
    I'm forever grateful for the training
    I received from my first IM course.
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  • Profile picture of the author StackThatMoney
    $100 per day is just a starting goal that most people seem as attainable.
    Isn't that common sense?
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  • Profile picture of the author mikemcmillan
    Hmmm... $100 a day isn't life changing, but the thing about Internet marketing is that almost everything is scalable. If you can make $100 a day, it's likely you can make $200 a day and so on.

    Like a couple people said, I'd recommend shooting for $1,000 a day. Why? Well, it's considerably more money, and--to make that kind of money one must think outside the box a bit.

    Yes, you can pick a niche, write some articles, create a squeeze page with a bonus and start growing a list. You will get some traffic, you will likely make some affiliate sales down the road. Or, you could develop a product and run a WSO. Some make much more than $100 a day.

    But the big guys, I mean the very big guys, don't sit at their keyboard hacking out 40 articles a day. And they don't create pre-sell pages hoping to SEO them to the front page of Google all day either. And the big guys, the really big guys don't run WSOs day after day. There is a reason for this.

    Article marketing, pre-sell pages, and WSOs are missing one key ingredient required to become a guru, super-affiliate--whatever you want to call them. These techniques don't utilize LEVERAGE--using others assets to enhance your own position.

    If your sales techniques don't employ leverage, they are severely limited in what they can do for your goals. I'm not here to give you answers, because the answers I would give would involve work and not many are interested in actually working to meet their goals. But here are some questions you might ask yourself.

    Why are the gurus, gurus? If you believe it is because they have a list of 100,000 names, tehen you'd better figure out how to grow a list of 100,000 names yourself. Better yet, how could you leverage such big lists others have to your own advantage? Reverse engineer the thing. If someone else has something you need, teen find a way to commandeer it to your advantage. Such things can be done.

    Virtually all of the gurus mastermind several big product launches a year. If you want to be in the super-affiliate status you need to find out how to do the same, if even on a smaller scale at first.

    I've got an online course (it has nothing to do with Internet marketing, so I'm not promoting it) but in the welcome message, the very first post registrants see is the following quote from the group Evanescence where lead singer Amy Lee sings...

    Now that I know what I'm without,
    you can't just leave.
    Breathe into me and make me real.
    Bring me to life.
    Bring me to life.

    The problem with little dreams is that you might achieve them. Breathe into your great ideas of moment and purpose. Listen, they will whisper in your ear. Bring them to life.

    --Mike
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  • Profile picture of the author Michael Oksa
    LOL

    You never know where these threads will lead. I have never paid more than $500 month for rent. Ever. It really is possible, but, that's me...

    So, it's a function of what the renter's market is like wherever you choose to live, but that's why I keep stressing the importance of figuring out your own numbers based on your goals and situation.

    $100 may be a round number, but it's so arbitrary. It's either too low, or too high for the vast majority of people. The danger of making such claims is that you may not really be appealing to as many people as you think.

    All the best,
    Michael
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  • Profile picture of the author winsonlim
    Hi Michael,
    I would like to share my thoughts about making $100/day.

    Before I make any money online, I always thought that there must be this latest blogging system or Affiliate Marketing System to make money fast in less than 24hrs.

    And after I bought the products, guess what? It didn't help at all.

    After struggling in IM for almost 3 years since 2007, I decided stop buying products and start building a business system.

    I understand the concept abt list building and I thought I know everything.

    But the fact is that, I know nothing as I didn't make any money online.

    So I began searching for a willing mentor to help me.

    And on 29th June, I signed up to my first and last mentoring program.

    I am glad that I made the right decision.

    Before I signed up, I made a decision.

    That I will do whatever it takes to succeed.

    I will implement everything that my mentor taught me.

    I will make sure I get my marketing system up asap even if I need to burn midnight oils.

    So I work real hard for 2 months.

    And on 29th Aug, everything was up. For the past 4 weeks, I build a list of 2200 subscribers and make $757.56 as of today.

    So this is what works for me.

    My first goal for Sep 2010: $1000
    Income made: $757.56. (not too bad)

    I make monthly goals, instead of daily goals.

    I feel better and less discourage that way.

    At least if I don't make any sales today, I still got tomorrow to work hard.

    This is my take.

    Winson
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    • Profile picture of the author Lance K
      Congratulations, Winson. Here's to your continued success. Cheers!
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  • Profile picture of the author Kevin_Hutto
    Unfortunately, $100 a day doesnt even make a dent in my nut.

    I think that one of the reasons that most people here shoot for $100 a day is that 99% of people here try to do it all on the cheap. Nobody is willing to risk $5k or $10k or $20k on PPC and other paid traffic... It is a for a variety of well documented reasons, but the bottom line is that most people are content to play small ball... And that means small goals.
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  • Profile picture of the author Fraggler
    $500/month? :S I could live on $100/day quite easily if I could get mortage and rates (or even rent) down to that level. I know Australia is dear but geee! I'm in a $2400/month house built 70 years ago lol. We do actually have interest on our loans here though :p

    I think the $100 mark is just an obvious milestone. $1, $10, $100, $500. It does depend on your motivation too. Once you know what's possible it can really snowball.

    My goal is to replace my current income while knocking off the debt and then being able to switch over full time.
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  • Profile picture of the author James12C
    Yes - $100 is a starting point. Most people have a day job to start with, so $100 represents an attractive, "Yes, this would make a difference" goal.

    James
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  • Profile picture of the author spudnick
    Really good question.

    I think it is (at least partly) because 100 is a round number - it is often used as a way to describe things when an arbitary amount is needed.

    Also, $100 to most people seems like it must be really easy to achieve. this is ture. What will come as a surprise, however, is the amount of work required to ahcieve the goal.
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  • Profile picture of the author Richnana
    I think the $100/day is a starting point. when I was doing the MLM thing, research showed that an increase of $300.00 per month could change a life style. I don't think the point is to quit a job and live on $100/day but to generate a 2nd income. If the wife works, that $100/day could retire her to stay home with the kids and get the income up to $300.00/day.

    If you have to start somewhere, 100/day is a great goal. Not the amount you need to retire.. I know but it is enough to provide that expendable income that everyone needs today.
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  • Profile picture of the author Diver's
    they have to start small, and set more realistic target Michael...

    it will grow after the first 100, hmm..why am i telling you this..-- you already have this in mind... lol

    start small
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  • Profile picture of the author ankur sharma
    The unconscious mind think, when i will make $100 per day, i will hire bunch of guys from phillipines and double my earnings. So, now it wil be $200 per day. I dont think anyone care its $100 per day or $10 per day. Everyone want it to work to some extent and think to scale it up at later stage. Because believe it or not, everybody here got Entrepreneur spirit.
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  • Profile picture of the author romeoicq
    i am an single guy with an low rent etc..
    so making a $100 a day would be fantastic
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  • Profile picture of the author espresso
    for a single male living in europe 3000$ (2200€) a month will keep me well
    I aint going to be rich but I will live quite fine

    I would need a minimum of 1500€ A month to have decent standard of life
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  • Profile picture of the author mookinman
    I could like on $100 a day if I was living somewhere like Bulgaria, where everything is so cheap. But not here in the UK. Not even £100 a day.
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    • Profile picture of the author The Great Gordino
      Originally Posted by mookinman View Post

      I could like on $100 a day if I was living somewhere like Bulgaria, where everything is so cheap. But not here in the UK. Not even £100 a day.
      There are millions of people here in the UK earning well under $100 a day and they get by.

      I think the thing to remember is the psychology of it - $100 a day is an easy figure for the brain to absorb. It also does not sound like too high a figure to put people off.
      It's also put across in the IM world as a relatively 'easy starting point'.

      So, since $100 a day is so readily digestible by the brain, and it's enough to live on for hundreds of millions of people, and it's put across as the easy end of the IM spectrum, it will be hanging around as a marketable goal for a long while yet!
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  • Profile picture of the author JackPowers
    There's a huge difference from $100 in passive income and $100 in online income.

    I suppose most people could live on $100 a day, which leads me to..

    "Wealth is measured in time, not in dollars".

    I think that's a quote from Koyisaki (Rich Dad Poor Dad). If you have passive income enough to cover your living expenses then your are by all accounts financially independent.

    Think about the freedom to try new things when you are really financially independent, not chasing that paycheck.

    If your $100 is from actually just 'working' online then those $100 are worth far less since it doesn't give you financial freedom.
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  • Profile picture of the author samson132
    Can someone please teach me how i can make $100 per day online ,

    Please send me mail at samson.james132 at gmail dot come
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  • Profile picture of the author jouvan8
    I'm currently aiming to make £100 a day while at uni that would be great for me... then double up and double up so im miles away from the rat race when I finish
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  • Profile picture of the author NikkiDelgado
    $100 per day is great target for people to make. It can be very hard when you are starting out so its a nice thing to aim towards then increase your goals from there
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  • Profile picture of the author JOMancio
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    • Profile picture of the author halfpoint
      The reason most people new to IM are attracted to that number is because it seems a lot more attainable than "Make 100 trillion dollars by next week!".

      Additionally, many people who are coming here new to IM already have a full time job and they're looking to supplement that with IM until one day they can hopefully replace their full time job with IM.

      In that scenario, $100/day sounds pretty damn good, at least in the short term.
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  • Profile picture of the author JSProjects
    Anyone who has a problem living on $30k+ a year needs to take a look at their lifestyle. You don't NEED a car payment. You don't NEED a huge mortgage. You don't NEED the latest in technology. And if you're working for yourself online, you don't NEED to live in an expensive area. (I know, sometimes this can be avoidable.)

    Now, if you were married and had children, I could see the argument. But even then, chances are, your spouse has a job so your incomes can be combined.
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    • Profile picture of the author Gary King
      Originally Posted by JSProjects View Post

      Anyone who has a problem living on $30k+ a year needs to take a look at their lifestyle. You don't NEED a car payment. You don't NEED a huge mortgage. You don't NEED the latest in technology. And if you're working for yourself online, you don't NEED to live in an expensive area. (I know, sometimes this can be avoidable.)

      Now, if you were married and had children, I could see the argument. But even then, chances are, your spouse has a job so your incomes can be combined.

      All this is true, but it also depends on HOW you want to live - i.e. your preferences.

      You CAN live on that amount, and you can even raise a family on it. The question is, given the option, do you WANT to?

      Some don't have the option, although it could be argued that we ALL have it (but admittedly some more than others based on factors in their lives).

      It comes down primarily to preference. If you don't care about new cars or big houses, yes, you don't need as much to live as someone that does. Entertainment, food choices etc can also have a dramatic effect on the amount of cash flow required.

      What do you prefer... that's the question at hand.

      ---
      Michael, I think it's because people can't state their TRUE wishes of wanting $111.11/day, although Cathy Shelver came close to that above.
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      • Profile picture of the author Dave Rodman
        Banned
        $100/day is just a nice round number. Nobody has any clue how much they can make when they start out.
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  • Profile picture of the author JamesW
    I've always targeted at least £100 a day here in the UK from all of my different income sources, which is much more than $100. I'm not really sure why $100 per day is so aspirational, because as you say that's not very much at all, and less than the average wage over here.
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  • Profile picture of the author Rod Cortez
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    Hi Michael,

    I haven't read the entire thread. But I wasn't sure of the context of your original post. Did you mean as far as an end goal? A first goal?

    My first initial goal was to make my first sale. From there it was $100 a month. I had a mentor at the time who taught me to take "baby steps" and, for me, it worked like a charm. Those baby steps have help my partners and I build a multi-million dollar corporation in less than five years.

    I think in context of some people's posting that's their initial goal and once they see themselves making money they adjust their goals accordingly.

    Speaking only for myself, when I first got started I couldn't fathom making six figures a year from an online enterprise, let alone $100 a day. So I started off really small. Once my mind and subconscious believed it was real, I adjusted my 5 year business plan and it grew from there.

    I don't think you're off base, sounds like you're giving sound finanical advice (I used to be in that business remember?), though I am making some assumptions on where you're coming from.

    Lastly, if you can make $100 per day, you can make $1,000 per day, even $10,000 per day; it all boils down to scalabilty, channels of distribution, effective marketing systems, and the vision and perseverance to see it through.

    RoD
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    • Profile picture of the author Michael Oksa
      Originally Posted by Rod Cortez View Post

      Hi Michael,

      I haven't read the entire thread. But I wasn't sure of the context of your original post. Did you mean as far as an end goal? A first goal?

      My first initial goal was to make my first sale. From there it was $100 a month. I had a mentor at the time who taught me to take "baby steps" and, for me, it worked like a charm. Those baby steps have help my partners and I build a multi-million dollar corporation in less than five years.

      I think in context of some people's posting that's their initial goal and once they see themselves making money they adjust their goals accordingly.

      Speaking only for myself, when I first got started I couldn't fathom making six figures a year from an online enterprise, let alone $100 a day. So I started off really small. Once my mind and subconscious believed it was real, I adjusted my 5 year business plan and it grew from there.

      I don't think you're off base, sounds like you're giving sound finanical advice (I used to be in that business remember?), though I am making some assumptions on where you're coming from.

      Lastly, if you can make $100 per day, you can make $1,000 per day, even $10,000 per day; it all boils down to scalabilty, channels of distribution, effective marketing systems, and the vision and perseverance to see it through.

      RoD
      Yes.

      While I think $100 is a great goal, let's face it, it's arbitrary.

      Instead, why don't people consider their own personal circumstances and develop financial goals that work for them? And, if $100 per day works for them, then that's cool...BUT only if they have given that number fair consideration.

      I'm not trying to be "anti-$100 a day", but rather "pro-take responsibility for your own financial goals and don't assume $100 a day is a reasonable goal for you".

      All the best,
      Michael
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  • Profile picture of the author jasonmorgan
    $100 a day and 2:30pm can't get any love.

    $12.50 an hour isn't too shabby for most as a starting point. I think most people would be pretty satisfied with reaching that goal after a year of internet marketing.

    $200 a day and you're doing better than most while sitting around the house in your PJ's. Hit that goal by year two and I'd consider it an IM success story.

    Let's be realistic, most people are not going to be internet millionaires but reaching an income level that matches what most people are working 9 to 5 for is something to be proud of.

    There are very few jobs that allow you to work from home, don't require a formal education or involve manual labor that pay better than 50k a year.. actually, I can't think of any jobs outside of internet marketing. Life is rough
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  • Profile picture of the author Buildingfutures
    As someone who spent all last summer living on only $600-$800 a month, I can safely say that I have live very easily and comfortably on $50 a day.

    My rent would be paid. My insurance paid. Loan payments paid. Food bought. Addictions satisfied (I'm a caffeine junkie). Also, I'd have money to have fun and not worry about a damn thing.

    $1500 a month is the minimum amount I want to make. By no means would I settle on it, but to live with no worries at all, that's the minimum I have to make.

    Technically, the minimum is $800, but I do love being able to go play when I want.

    It's been said before, but that little bit of money can really change a life.

    -Sean
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    • Profile picture of the author paulie888
      Originally Posted by Buildingfutures View Post

      As someone who spent all last summer living on only $600-$800 a month, I can safely say that I have live very easily and comfortably on $50 a day.

      My rent would be paid. My insurance paid. Loan payments paid. Food bought. Addictions satisfied (I'm a caffeine junkie). Also, I'd have money to have fun and not worry about a damn thing.

      $1500 a month is the minimum amount I want to make. By no means would I settle on it, but to live with no worries at all, that's the minimum I have to make.

      Technically, the minimum is $800, but I do love being able to go play when I want.

      It's been said before, but that little bit of money can really change a life.

      -Sean
      This is a great point, Sean. For people who are already in desperate circumstances, $100 per day would make a world of difference, and put food in their mouths and give them a roof over their heads. It is a sum that many could make do with if they've already whittled down their monthly expenses to the bare minimum, or close to it.

      At the same time, the $100 per day figure is fairly realistic and believable for many people, and does not immediately shout scam and hype like a 5 figure claim of earnings would.
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  • Profile picture of the author Mark Binnie
    I think $100 a day is a good starting figure. you shouldn't believe anyone who says they can get you from 0 to $1000 a day in 24 hours.
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  • Profile picture of the author alcymart
    For most, $100/day would be welcome especially if they are online earnings.

    I do have to agree with you that $100/day for you or me some months could basically be pocket change.

    Some succeed, some don't. That's life as you know, but I get your point.
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  • Profile picture of the author LetsGoViral
    In US it's not much, true, but it is a lot of money in Russia and other similar countries. There are IM'ers all over the world on WF and furthermore - 100$ is such a nice, round number. $1000 is as well, but that's just too far up for start (being realistic).
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  • Profile picture of the author rcritchett
    Good thread. Since you asked.. (!) I think all of us are capable of much more. As long as we can run our own minds, find the HEAVY HITTERS (the actions that seriously make the difference) and consistently plug away on the little things (rolling the snowball down the hill until you get an avalanche), I believe you can make a ton of money IMing!

    I think everyone should shoot for an unrealistic figure, because realism is the fastest path to mediocrity. Great thread!
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    • Profile picture of the author rmoore
      My first goal was $274 per day, because that is 6 figures per year.

      Not as hard as it sounds...that is just roughly 6-8 affiliate sales per day in the fitness niche.
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  • Profile picture of the author paulie888
    I feel that it is a good starting point and a believable, realistic figure that average people can grasp.

    Bear in mind that the average person starting out with IM is probably not looking to quit his or her present job, only wants to work 1-2 hours a day on IM at most, and just wants some extra spending money to use after covering bills and other obligations.

    Of course, if someone wanted to do IM full-time, chances are they'd be shooting for a much higher figure. In many cases though, the target market is someone who is already working a full or part-time job, and just wants some additional spending money on the side - and a steady $100/day would make a pretty big impact on their lives. I doubt that many people in this target market are really wanting to get into IM on a full-time basis.
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  • Profile picture of the author Sylvia Meier
    I think that arbitrary number depends on where in the world you live.

    As some have pointed out, that can be a very high income in some countries. Even here in Canada it is a good monthly amount.

    I mean, for a family of 7 all our monthly bills total $3200. That's every expense for the month, so just over $100 a day and we are living quite comfortably.

    $200 a day and we're really living it up. And like I said, that's for 7 people.

    So I think that number to many is just what they need. And instead of aiming for $104.33 or something odd like that $100 seems like a nice round number that anyone can reach with some time and energy.

    Best wishes,
    Sylvia
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    • Profile picture of the author Gary King
      Originally Posted by Sylvia Rolfe View Post

      I mean, for a family of 7 all our monthly bills total $3200. That's every expense for the month, so just over $100 a day and we are living quite comfortably.

      $200 a day and we're really living it up. And like I said, that's for 7 people.

      Best wishes,
      Sylvia
      Just don't forget (as included by Michael) that taxes eat into that as well. So $3k/month (at $100/day) would end up substantially less depending on your tax laws).

      I only point it out because many people starting out don't realize they have to PAY taxes on that earned money... that leads to big problems later.
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      • Profile picture of the author Sylvia Meier
        Originally Posted by Gary King View Post

        Just don't forget (as included by Michael) that taxes eat into that as well. So $3k/month (at $100/day) would end up substantially less depending on your tax laws).

        I only point it out because many people starting out don't realize they have to PAY taxes on that earned money... that leads to big problems later.
        I don't know how different our taxes are here, compared to the US, but with all the deductions I had last year, I owed around $4k on a 6 figure income. Not something I really worry about. But I do understand for those of you in the US it can be quite a bit larger of a chunk.

        Best wishes,
        Sylvia
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        • Profile picture of the author Ehanson
          For many it's a starting off point to build up to $200 and $300 dollars a day so they can move up to making six figures a year.

          For many others IM is a nice part time income stream to provide a second income aside from their jobs.
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        • Profile picture of the author CDarklock
          Originally Posted by Sylvia Rolfe View Post

          But I do understand for those of you in the US it can be quite a bit larger of a chunk.
          My wife convinced me to "close up shop" on my business one year, and not actually operate it. I don't remember the exact figures anymore, but it basically added another digit to our tax liability - from low four figures to five figures.

          If you have a large tax liability in the US, you are either not doing your taxes properly, or not managing your money effectively. Most people aren't doing either.
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        • Profile picture of the author tehnolife
          Banned
          Hmm, 100$/day in my country it's pretty good. Anyway, after reaching 100$ it's easy to aim for 200,300, even 1000$/day!!
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          • Profile picture of the author Michael Oksa
            Originally Posted by tehnolife View Post

            I think you don't know what's a 6 figure income. $4K, it's 4000$ and a 6 figure income is minimum 100,000$ . So you remained with $4k after paying the taxes, this is INSANE!! So your taxes are 96% from the income??? I think you realy made a mistake.
            Umm...I think you have that backwards.

            She said she only owed $4,000 out of (at least) $100,000. That means she KEPT 96%, not lost it. Or at least that's how much she owed at the end of the year. Not sure what other taxes she may have paid through the year (not that it's any of our business).

            All the best,
            Michael
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            • Profile picture of the author Sylvia Meier
              Originally Posted by Michael Oksa View Post

              Umm...I think you have that backwards.

              She said she only owed $4,000 out of (at least) $100,000. That means she KEPT 96%, not lost it. Or at least that's how much she owed at the end of the year. Not sure what other taxes she may have paid through the year (not that it's any of our business).

              All the best,
              Michael
              Michael is completely correct. I only OWED $4k for the year. My take home was over $100,00 which is a 6 figure income.

              Best wishes,
              Sylvia
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              • Profile picture of the author tehnolife
                Banned
                Sorry, I am not a native english speaker, I understood that you remained with $4k from 100,000$.

                Now I understand, and what country are you?? That percentage is very very good!!

                Originally Posted by Sylvia Rolfe View Post

                Michael is completely correct. I only OWED $4k for the year. My take home was over $100,00 which is a 6 figure income.

                Best wishes,
                Sylvia
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                • Profile picture of the author Sylvia Meier
                  Originally Posted by tehnolife View Post

                  Sorry, I am not a native english speaker, I understood that you remained with $4k from 100,000$.

                  Now I understand, and what country are you?? That percentage is very very good!!
                  I live in Canada. The average is closer to 30% before any deductions. I just make sure I have everything I can to deduct come income tax time.

                  Best wishes,
                  Sylvia
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    • Profile picture of the author Rukshan
      Originally Posted by Sylvia Rolfe View Post

      I think that arbitrary number depends on where in the world you live.

      As some have pointed out, that can be a very high income in some countries. Even here in Canada it is a good monthly amount.

      I mean, for a family of 7 all our monthly bills total $3200. That's every expense for the month, so just over $100 a day and we are living quite comfortably.

      $200 a day and we're really living it up. And like I said, that's for 7 people.

      So I think that number to many is just what they need. And instead of aiming for $104.33 or something odd like that $100 seems like a nice round number that anyone can reach with some time and energy.

      Best wishes,
      Sylvia
      Yes Sylvia, $3000/month is a very big income for us. I live in a south asian country. Here we can live with a less a low living cost. Anyway internet don't have any barriers. So all we have a goal to make six figure income. So $100/day is a starting point to set everything.

      Thanks
      Rukshan
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  • Profile picture of the author jacked
    That is true OP but you have to take in to account that many warriors also have other jobs.
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    • Profile picture of the author Dennis Gaskill
      You folks sure are chatty!

      Originally Posted by Jacob Martus View Post

      It is certainly better than working at a 'job' for more than 1 reason. For me, it's all about being able to stay home all day and not having anybody but myself to be responsible to.
      Long time no see, Jacob. You probably know this, but if you're in business for yourself you are responsible to your customers, or should be. That beats the alternative, though.
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    • Profile picture of the author Michael Oksa
      Originally Posted by jacked View Post

      That is true OP but you have to take in to account that many warriors also have other jobs.
      Umm...yeah. I am well aware, and remember it well. But whether somebody has a job or not has nothing to do with my original post.

      Also, I am not "scoffing" at $100 a day.

      I have a hunch that I am not making my point very well. That's okay, it happens.

      Let me try to be blunt.

      Don't let anybody else dictate what your financial goals should be.

      That's what I'm really trying to get at, and the $100/day example is simply one that a lot of us are familiar with.

      All the best,
      Michael
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  • Profile picture of the author Andrea Wilson
    $100 per day is a good base goal for any starter or newbies in marketing. But of course it is better to have it as a thousand per day or two per day, it all depends on who is talking, really.

    In other countries, $100 is actually a good amount to earn per day wespecially that there are no transportation costs involved.


    Andrea
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  • Profile picture of the author tjm2788
    I don't think it is particularly the amount that is what leads people to the $100 day goal. I think making any amount of recurring money with minimal ongoing effort is what appeals to most people. Fair enough it might not be as much as you could earn in a day job but the hours worked to money earned ratio is ugly compared to making $100 / day online!
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  • Profile picture of the author Andrew Rodney
    If you make $100 online you can make $1000 just as easy.
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  • Profile picture of the author Chris Sorrell
    So the US has a 50% tax bracket for those earning under 40k a year? I thought it was more around 20%. Otherwise you'd have higher taxes than the socialist hellhole I live in - UK. And I doubt that to be true.
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    • Profile picture of the author paulie888
      Originally Posted by sorrellaff View Post

      So the US has a 50% tax bracket for those earning under 40k a year? I thought it was more around 20%. Otherwise you'd have higher taxes than the socialist hellhole I live in - UK. And I doubt that to be true.
      You're right, that was just an arbitrary figure which was given. If you manage your taxes well and deduct expenses properly, there's no reason why you'd have to pay anywhere near 50% in taxes if your income is under $40k a year.
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  • Profile picture of the author Matt Ward
    I want to reach $100/day net, and although I'm not even close to that yet, I think that if you can make $100/day, there's no reason why you can't expand that to $200, $400, $800/day.

    $3000/month income is well over minimum wage here and above average for where I live, and working from home means you avoid expenses like putting gas into a car to get to work, etc.
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  • Profile picture of the author kea55
    I would love to make $100.00 per day. Doing so would be quite life changing for me.
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  • Profile picture of the author Benjamin Ehinger
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael

    I don't necessarily think you are off base on this, but this is a goal of mine right now. I just started writing for others again and taking it much more seriously. I serve at a restaurant and basically make $100 a shift 4 days a week so my goal is $400 a week from my writing to replace that income for good. Now I also have other forms of income online that will put me right around $100 a day if I can get to $400 a week with my writing.

    This is enough for a college student like myself and what it would do for me is allow me to buy time. Time is very precious especially since if I cut out the 30+ hours I work at a job each week I could use half that time to write more or work on my other online businesses and I could build form $100 a day to much more, hopefully.

    $100 a day is a great starting goal, but once that is achieved it is time to go for $150, $200, $500, and so on.

    On another note, if you are smart about your taxes, know how to write off the space you use for your business (your home office), write off the depreciation on your computer, all your expenses, and many other things you can write off on your taxes, then you will not give up anywhere near 50% of your cash to the government. You will surely have to pay some money in taxes, but if you are smart or even hire a company to do your taxes you can keep about $26K to $30K of your cash depending on your situation, which is about equal to an Entry Level position with a Bachelor's degree in many industries.

    Benjamin Ehinger
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  • Profile picture of the author Trailblazer2
    I agree with what some of the others said that $100/day is a good starting point, especially if it's only a couple of hours in front of the computer. We all have to set our own realistic goals based on the time we have to devote to an online job.
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  • Profile picture of the author jerrywilhelm
    A person has to have multiple income streams these days, suppose there is a..oh I don't know.. a RECESSION maybe. You get layed off from your day job. That $100 a day could keep you alive till things return to normal, or make a car payment or whatever. I will take that $100 a day thank you.
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  • Profile picture of the author smartdoctor
    am still dreaming of making this per day
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  • Profile picture of the author Steve Sieverding
    Like tons of people before me, $100 is just my first goal. It will actually change my life, considering I am a student making $0 from a "real" job at the moment. I'm sure when I have tons more time to devote and I'm making $500+ a day I will laugh at that $100 number. For now I am sticking with my $100 a day goal.
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  • Profile picture of the author Can Candies
    Great post considering everybody is thinking about their New Year's resolutions. I think it is very subjective how much is enough but $100 is nothing to sneeze at especially if someone is able to pull this off online.

    I think everybody should rethink their earning goal for 2011 and for some it might be more than $100 and for others it might be less. It is important to get a consistant success rate and scale it up from there. This is by the way how people are able to make $100 and more.

    Once you can make $100 you can set higher goals. I think one should always have a monetary goal in mind but it is more important to organize yourself and fulfill all the daily tasks that bring you there. It is all good and well to want to earn $100 but without any organization and strategy this will be very hard to achieve.


    My goal for 2011 is to get back to the real basics of online marketing and stop wasting my time with all these copy and paste scammers that promise the sky and pollute the IM space. I think that it is still possible to make some easy money in 2011 which is going back to the basics and stop trying to find all these fancy easy push button solutions that really do not exist.

    Stick to a daily task plan that can easily be acomplished on a daily basis either by you or your outsourcer and that is where the easy money is going to be in 2011. I hope this clarifies the $100 a day myth a bit and helps newbies stick to realistic goals.

    t is not possible to make $100 overnight and if you still believe these type of promises you will be disappointed big time in 2011. Just stick to an easy plan that you can fulfill every day without hyping it up.

    I hope this helps everyone who still thinks that an easy push button solution exists.
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  • Profile picture of the author XtremXpert
    It depends a lot on where you live too.
    I live in Romania, the rent for an apartment in my city is 250-350$. Electricity, phone, internet an other expenses alike go up to $150.
    The minimum wage here is $250 and the average one is 300-400$ per month.
    Imagine now making ten times the average wage from you bedroom.

    I'm 20 years old, still a freelancer and not making anything close to $100 per day but I moved out, traveled 8 countries last year, and live on my own money. Getting to $100 per day would make me 10x richer than the average man here.

    Last week I made $50 in a day and $100 the next day but since then I didn't made anything.
    Now I'm starting with adsense and my first goal is $1/day, I know that if I can make 1 I can make 100 or more.
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  • Profile picture of the author discrat
    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
    If you are a Stay at Home Dad who values spending quality time with his one and 2 year old daughters then $100 a day is not a big deal it is a HUGE, HUGE, HUGE deal !!
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  • Profile picture of the author dagaul101
    I agree when you factor in all the household bills $100 may not seem that much, but for someone trying to get a foot in, in Internet Marketing, it is a goal, that can be built on
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  • Why $100/day?
    Because new IM'ers need to have realistic goals to aim for.

    Ideally, you'd want to shoot for $274/day which equals exactly to $100,000/year... which is already the beginning of a good solid income by anyone's standards, but at the beginning I think it's totally OK for new IM'ers to set themselves a realistic job-replacement goal because... well, because that's everyone's goal when they first get into this IM business: to quit your day job, right?
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  • Profile picture of the author Alex Nash
    It's a good and solid goal for the starters But yes indeed, aim higher!!!!


    ~Alex Nash
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    Learn from your mistakes. Experience is priceless.

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  • Profile picture of the author moneyIsHoney
    i think 100 USD per day is a good amount. and is marketing impact is high. you also can earn 100 USD per day without quieting your day job. So total sum of your earning will make you solvent for a smooth life. by the way how much u earn per day ? Cheers!
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  • Profile picture of the author J Cohen
    Hi All,

    I am just starting out and I have set my goal at $50,000 ($136.98 per day) for the first year.

    Once this is achieved I will then be able to set new goals for the 2nd and 3rd years.

    Jay
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  • Profile picture of the author joekoffi
    This is big cash for guys in Africa, maybe India too
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  • Profile picture of the author yukon
    Banned
    If your paying 50% of your income to uncle Sam, you better do yourself a favor & find another tax man/women that knows what their doing. That's not a realistic tax percentage example.

    No way is anyone paying a 50% tax rate.

    I don't have any mortgages or car payments. I learned about 8 years ago that car payments are the dumbest thing anyone could ever do, it's a huge money pit, don't fall for it.

    If you can't pay cash for a car, forget it!

    $36,000 per year is more than enough $$ for a small family in most US states (outside of large cities).

    It's not only what you earn, it's also what you spend & how you spend it.

    BTW, I live in South Carolina [US], & own my home + 3 vehicles (no payments on anything), 100% of my income is from online business.


    Originally Posted by Michael Oksa View Post

    Howdy Fellow Warriors,

    While I know the idea of how to make $100 per day is somewhat of an industry standard, I don't think it's enough, at least not in the US.
    That only works out to $36,500 per year, and that's if you do it every day.

    Now, that may sound like a lot to somebody who is still struggling to make decent money online, but it's not reall all that much.

    Figure Uncle Sam will get 1/2 of that (this can vary widely, but it's just being used as an example). That puts you down to $18,250, and you haven't really doen anything yet.

    How much is your monthly mortgage payemnt, or rent? Multiply that by 12 and subtract it from the total. Let's assume $500 per month. We're now at $12,250.

    Food? Car payment? Electricity? Heat? A social life (no matter how boring)? Household products? Gifts? Savings? Etc. It doesn't take a lot to burn through that $100 a day, does it?

    Don't get me wrong, I think it's a great goal, and definitley worth shooting for, but at the same time, you should be realisitc about the number that works best for you and your situation.

    So, am I off base on this?

    All the best,
    Michael
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    Hi
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    • Profile picture of the author Michael Oksa
      Originally Posted by yukon View Post

      If your paying 50% of your income to uncle Sam, you better do yourself a favor & find another tax man/women that knows what their doing. That's not a realistic tax percentage example.

      No way is anyone paying a 50% tax rate.

      I don't have any mortgages or car payments. I learned about 8 years ago that car payments are the dumbest thing anyone could ever do, it's a huge money pit, don't fall for it.

      If you can't pay cash for a car, forget it!

      $36,000 per year is more than enough $$ for a small family in most US states (outside of large cities).

      It's not only what you earn, it's also what you spend & how you spend it.

      BTW, I live in South Carolina [US], & own my home + 3 vehicles (no payments on anything), 100% of my income is from online business.
      That's exactly why I put (this can vary widely, but it's just being used as an example) in the EXACT SAME SENTENCE. I did it to make the numbers easier. The main point is that taxes need to be figured into the bigger picture. But I get your point just the same.

      All the best,
      Michael
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      "Ich bin en fuego!"
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    • Profile picture of the author Dennis Gaskill
      Originally Posted by yukon View Post

      No way is anyone paying a 50% tax rate.
      ...unless you figure in all the hidden taxes. Then 50% is probably not that far off for quite a few people, depending on their income and lifestyle. There are lots of taxes people don't know about. Here are just a few examples:
      • A fisherman pays 10% of the sales price on sport-fishing equipment.
      • The federal tax on arrows is 45 cents per shaft. Quivers and broadheads are taxed at 11%.
      • Buyers of handguns pay 10% of the sales price to the feds; other firearms, along with ammunition, are taxed at 11%.
      • A childhood DPT vaccine (diphtheria, pertussis, tetanus) has a 75-cent charge per shot, paid into a trust fund for those injured by the shot.
      • If you fly, there's a a 7.5% tax on a domestic ticket, a $3.60 tax for each segment of a flight and a $2.50 security charge on every segment. That's in addition to a $16.10 international arrival/departure tax and a passenger-facility charge of up to $4.50.
      • Even if you're so broke that creditors have forgiven part of your debt, you're not off the hook. The forgiven portion of your debt is "income" and may be taxable as such.
      • If you buy a gas guzzler, a tax of up to $7,700 is paid by the manufacturer (but passed along -- right on the sticker -- to you, the buyer).
      Those kind of taxes don't show up on your sales receipts so people don't know about them. That's a very short list, too, there are a lot more hidden taxes.

      And then, so much of what we buy is imported. Here are some examples of taxes on imported goods:

      • bicycles: 11%
      • infant formulas: 18%
      • Flashlights: 18%
      • peanut butter: 143%
      • telephones: 8%
      • plastic school supplies: 5%
      Liquor taxes, cigarette taxes, excise taxes, energy use taxes, communications taxes, taxes on employer provided benefits, import duties, user fees, sugar tariffs, gas tax, hospitality taxes, luxury taxes . . . it goes on and on.

      For some people, paying 50% in taxes might be a tax cut!

      Politicians don't want to be known as tax hikers, so they stick us with hidden taxes. Every year there are new hidden taxes. It's one of the causes of inflation.
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  • Profile picture of the author Dapper Fellow
    This is a great topic! I view what I make from IM from the point of a fixed annuity. About three months ago an investment banker told that I would have to bring him $25,000 cash in order to receive $107 a month from a plain vanilla annuity with Met Life (low interest rates these days!).

    So, from the perspective of passive income three thousand a month would require a whacking amount of cash in an annuity.

    Of course, IM requires more attention than an annuity, but that's how I look at it these days.
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  • Profile picture of the author alcymart
    Yes, something is very wrong with your analogy of earning $100/day.

    Money cannot and should never be ones goal! Millionaires and Billionaires alike don't have money goals. You should all know that if you have been in this business long enough.

    Instead , they have purpose and goals that are somewhat more talent oriented. They have dreams of a better place, a better world for all. They are creative, have talent in certain fields and apart from Warren Buffet which is the exception to the rule, they do not dream of making money all day long, for those that do are almost sure to fail.

    I won't hide the fact that I too fell in this trap when I started. My goal was to earn $100/day and you know what? I didn't achieve it after trying endless hours daily for quite a few years! Yes, "years"!

    I only started becoming truly successful once I had found myself "purpose".

    I rarely even look at how much I earn anymore. In fact, I don't want a single dime I earned myself as I don't need it to be happier. I have like many here on WG fun doing what I do best which is to network and help people.

    I teach folks how to better themselves and live a happier and more fulfilling life. Sure I teach how to earn online, but that isn't my primary purpose and vocation.

    If you want to earn $100/Day or Millions/Day, you better have "purpose" and/or some level of talent to achieve it. If you don't, you need to educate yourself

    Bernard St Pierre
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