How to make $50000 per year

12 years ago

Articles - that's 48 articles per week which is doable.

But better is if you can write for $40 per article - it's only 24/week so doubling that to 48 is $100k and still doable.

Amazon - Doesn't matter what the total sales are if you set up sites that run themselves. Though IMers used to high commissions on make money product complain about Amazon commissions, the percentage is in line with physical product sales in real life.

Fiverr - now THAT's hard work to make real money

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NatureGal

12 years ago

Originally Posted by Kay King

Articles - that's 48 articles per week which is doable.

But better is if you can write for $40 per article - it's only 24/week so doubling that to 48 is $100k and still doable.

Where can you sell articles for $40? and what does the word count have to be for these articles?

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Kevin Riley

12 years ago

I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.

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Kevin Riley, long-time Warrior living in Osaka, Japan

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domainarama 12 years ago

@kevin, You'd save a lot of money if you cut down on your trips to Gion.
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mgkimsal

12 years ago

Originally Posted by Kevin Riley

I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.

The median family household income in the US is something like $43k. Granted, a lot of people were going in to debt with that income to live how they wanted, but it's definitely doable. With the housing crash over the last couple years, it's even easier in some areas.

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Shannon Tani

12 years ago

Originally Posted by Kevin Riley

I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.

:p

I actually used to live fairly close to where you are Kevin (Settsu-shi in Osaka prefecture) and my husband and I made around the equivalent of $50,000 a year (I was making 320,000 a month and he made like 200,000 or 300,000 but he had a few months off after we got married as he moved from Nara to Osaka. It's confusing.) In the two years before we moved to America, we saved $30,000 and paid off $10-20,000 in debt (his. I don't know exactly how much). And this was when it was 120 yen to the dollar! We were super-lucky and found an old house to rent for something like 30,000 ($300) a month, split with a roommate.

Now we're in America and make about the same and are treading water. The health insurance kills ya here. Getting your work transportation costs paid for in Japan is a big benefit too, though I guess that doesn't apply to you...

Love,
Shannon

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packerfan

12 years ago

If you're willing to write 48 articles/week consider this.

Put those 2500 articles on your own site. If each one gets 1 visitor/day from the search engines, you'll get about 900,000 visitors to your site.

Stick adsense on there, get a CTR of 5%, and you've got about 45,000 clicks...

Let's just say you average $.50 per click, so that's like $22,500.

But then you stick an opt-in form on the site too. Of those 900,000, lets say 5% sign up.

Now you have a list of 45,000 subscribers who are interested in what you're writing about.

Imagine if you created a product, or maybe even sent them some affiliate offers, etc.

By the way, if you keep up that pace, all these numbers grow and grow and grow...

5 years later you're a guru doing $10,000,000 product launches.

One more important question to ask yourself...

If someone is willing to pay $20 for an article, what do you think the value of that article is for them?

Would you rather be THEM or the writer?

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Adnimated

12 years ago

I actually just wanted to say something like this, minus the adsense part.

I would definitely repurpose every single piece of content I write. Which is what I do anyway.

Personally, I write about 60 salespieces a week... on a slow week. These all go on my blogs, ezinearticles.com, etc etc. I keep on repurposing each and every single piece of content. You can make serious dough when you think about it in that way.

Originally Posted by packerfan

If you're willing to write 48 articles/week consider this.

Put those 2500 articles on your own site. If each one gets 1 visitor/day from the search engines, you'll get about 900,000 visitors to your site.

Stick adsense on there, get a CTR of 5%, and you've got about 45,000 clicks...

Let's just say you average $.50 per click, so that's like $22,500.

But then you stick an opt-in form on the site too. Of those 900,000, lets say 5% sign up.

Now you have a list of 45,000 subscribers who are interested in what you're writing about.

Imagine if you created a product, or maybe even sent them some affiliate offers, etc.

By the way, if you keep up that pace, all these numbers grow and grow and grow...

5 years later you're a guru doing $10,000,000 product launches.

One more important question to ask yourself...

If someone is willing to pay $20 for an article, what do you think the value of that article is for them?

Would you rather be THEM or the writer?

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Kevin Riley

12 years ago

Originally Posted by Shannon Tani

:p

I actually used to live fairly close to where you are Kevin (Settsu-shi in Osaka prefecture) and my husband and I made around the equivalent of $50,000 a year (I was making 320,000 a month and he made like 200,000 or 300,000 but he had a few months off after we got married as he moved from Nara to Osaka. It's confusing.) In the two years before we moved to America, we saved $30,000 and paid off $10-20,000 in debt (his. I don't know exactly how much). And this was when it was 120 yen to the dollar! We were super-lucky and found an old house to rent for something like 30,000 ($300) a month, split with a roommate.

Wow. I'm in Teradacho, and the tiny one-room I rent across the road for studio/storage costs me 41,000 Yen/month.

Now we're in America and make about the same and are treading water. The health insurance kills ya here. Getting your work transportation costs paid for in Japan is a big benefit too, though I guess that doesn't apply to you...

Love,
Shannon

LOL, my transportation is nil. The commute from the bedroom to the office down the hall is a killer, but doesn't cost me.

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Izaya

Banned 12 years ago

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Kevin Riley

12 years ago

Originally Posted by Izaya

Yeah, 50k isn't a lot if your in a big city am sure. But still $50,000 in Japan isn't that little, if your only supporting yourself that is. Wasn't the average Japanese salary somewhere around 250-350k yen

Also op, there's better ways of hitting 50k a year then writing to death.

Yes, outside Tokyo or Osaka it is cheaper to live. Osaka can be cheap, but I guess I've developed some expensive habits. Now to go flog my overindulgent self.

And, you actually can live very cheap in Osaka too:

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koreancowboy

12 years ago

Originally Posted by Kevin Riley

Yes, outside Tokyo or Osaka it is cheaper to live. Osaka can be cheap, but I guess I've developed some expensive habits. Now to go flog my overindulgent self.

And, you actually can live very cheap in Osaka too:

Can they get internetz there? :p

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chemo38

12 years ago

Originally Posted by Kevin Riley

Yes, outside Tokyo or Osaka it is cheaper to live. Osaka can be cheap, but I guess I've developed some expensive habits. Now to go flog my overindulgent self.

And, you actually can live very cheap in Osaka too:

Are those cherry blossoms? Beautiful!

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Psst

Banned 12 years ago

Originally Posted by Kevin Riley

I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.

Are you saying $50,000 per year is too low to survive? For a household or for an individual. That amount of income a year for one single person is very enough if not too much in my opinion.

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Kevin Riley

12 years ago

Originally Posted by Psst

Are you saying $50,000 per year is too low to survive? For a household or for an individual. That amount of income a year for one single person is very enough if not too much in my opinion.

Are you saying you just want to survive? I don't know about you, but I want to live life to the fullest. Just surviving ain't fun and it ain't much motivation to get up in the morning.

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Psst

Banned 12 years ago

Originally Posted by Kevin Riley

Are you saying you just want to survive? I don't know about you, but I want to live life to the fullest. Just surviving ain't fun and it ain't much motivation to get up in the morning.

First let me survive then I'll think about how to live better

But ya seriously, I'm getting concerned about my income because in about two months, I will go to college and start life on my own. There's some money I need to show in the bank and I'm working towards fulfilling the amount of money needed and when I reach that, I will be happy. But I know I will have to work hard to generate some more and make my following years better and joyful.

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sal64

12 years ago

Originally Posted by Kevin Riley

I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.

You mean... like... peanuts?

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Black Hat Cat Banned 12 years ago

Originally Posted by Kay King

Articles - that's 48 articles per week which is doable.

Yeah, if you're willing to work 7+(more like 10) hours a day....every day of the week, 365 days of the year. $20 articles ain't gonna be churned out in 15 minutes....unless you're superman, or you've found a sucker. And then the following year, if you didn't learn your lesson the previous year, you get to do it all over again. No thank you, lol.
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domainarama

12 years ago

Another way to make $50k is to buy $1m worth of WSOs and implement them :-)

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stephfoster

12 years ago

The ability to survive on that income depends on where you live. Where I am, it's a real struggle, but other places it wouldn't be so difficult. Then again, I'm raising 3 kids, so money's often an issue. Still, we manage our money well enough to get by.

I've often thought about how reasonable Amazon's commissions are since I did sell jewelry in the real world many years ago, and that's near enough the commission rate we got. Admittedly we also had hourly pay, which made a big difference, but at least online you aren't talking with each and every customer who buys from you.

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InternetBusinessVelocity

12 years ago

Woah! sounds like a lot of manual labor work!

What about creating a $97 product and making 515 sales in a year? Or run some paid traffic and make 1,030 sales with a 50% profit margin... Something like that ;-)

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Frank Donovan

12 years ago

Originally Posted by Kevin Riley

I was intrigued by this subject because it shocked me. Can you survive in America on only $50,000 per year? I ask because in Japan that would put me not quite in the poverty level, but it would definitely mean having to cut back on luxuries.

I know how you feel. Where I live in London, after tax you might be able to make that amount last for 3 or 4 months. Unless, of course, you ever wanted to eat out.

Originally Posted by NatureGal

Where can you sell articles for $40? and what does the word count have to be for these articles?

NatureGal, it's not so much a word count issue at that level - it's more a case of the market you're targeting and the quality of the article.

Another "what if" to ponder: what if you took those 2,500 articles and built, say, 25 sites. Each site would only need to earn an average of $2,000 per year, or around $38 per week. That's just an affiliate sale or two per site per week. Achievable?

Frank

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Tom Ryan

12 years ago

Originally Posted by Frank Donovan

Another "what if" to ponder: what if you took those 2,500 articles and built, say, 25 sites. Each site would only need to earn an average of $2,000 per year, or around $38 per week. That's just an affiliate sale or two per site per week. Achievable?

Frank

See what Frank wrote here, it really doesn't have to be that hard. Most people throw up a couple pages on a site and are done, then they wonder where all the traffic and sales are. Imagine building sites 100 pages deep instead, you are gonna see traffic and sales. This is definitely achievable.

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nicholasb

12 years ago

Just one of my income streams has earned me close to $40,000 so far this year. I would say I have worked on it a total of 30 hours the entire year.

the methods you have lined up will take a serious amount of work and traffic to reach your goal, my formula for 50k a year is create one product at at around $17 and sell 2563 of them and that's with around 35,000 unique visitors all year long that's only 97 visitors a day.

then just keep creating and selling products the same way, you do have to pay out some for ppc and affiliates, taxes stuff like that, but it really doesn't take a lot to get it going.

the good thing about product creation, is that you take maybe a week or two to create it and get the marketing rolling, then get paid on it for years. while you just keep repeating the process.

The problem with what you have, is that you are limited and bound to how much you can make by time. You can never really exceed 50k a year using any of those models.

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Ralph Moore 12 years ago

And if you do earn $50,000 per year, that puts you in the top 1% of earners worldwide.

Global Rich List

Kind of interesting in light of all of the political hoopla regarding the top 1% and the "we are the 99%" occupy groups going on right now.

It helps to keep things in perspective.

Note to mods: I hope this is not venturing too far afield. I do NOT want to start a political thread at all as I know it is not allowed.
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Newboyontheblock

12 years ago

First,

Why write articles for Fiverr, or for anyone that pays less than $0.75 - $1.00??? The article mill machines and those who pay less than the rates I quoted above simply do not value writers.

And, I might add, they are preying on the ignorance of newer writers that just don't know the market.

If you want to be a writer making money, learn how to query, get yourself a copy of the Writer's Market (and look them up online) and begin pitching stories to editors. Once you have some good clips for your portfolio you'll start getting more and more writing gigs that actually pay what you are worth.

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Don Schenk

12 years ago

Nature Gal,

There is another thread going on right now about article pricing. Some of your questions are answered there.
http://www.warriorforum.com/main-int...r-clients.html

:-Don

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Junaid Ahmed

12 years ago

or build a powerful niche blog/site and earn $5k+ per month which is $60k+ per year. Building blog can take you a year or two but is long lasting

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davidtong

12 years ago

Get a 50K job.....

Seriously though, breaking things down further:

$50K/12 mo= 4166/mo
$4166/30 days = 138/day
$138 / 8hrs = $17.38 / hr...

So find a gig/job you can supply at that per hour rate and there you go... or if you can make that money through the usual online tactics (adsense/amazon/affiliate/etc.)

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DianaHeuser

12 years ago

Just to put $50,000 into perspective. That's R400,000 (Rands) in South Africa. That's a FANTASTIC amount, since the average middle class salary in here is about R6000 to R10,000 per month.

Di

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sal64

12 years ago

Or you can create an ebook and sell it for $20.

That's only 2500 copies and once you write it... it's done.

Or you can offer a $5000 coaching program and you only need 10 customers.

Or even a $1000 program. Get 50 clients and take 9 months off.

Trading time for dollars is stoopid IMO.

Here endeth the lesson.

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BabyMama

12 years ago

I prefer to split my income into several different streams. I am always expanding on them but prefer not to put all my eggs in one basket.

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Adnimated

12 years ago

Trading time for money with a strategy behind it that will make you consistant money is NOT stupid. It all depends on your goals. The one is satisfied with a site that only makes $40,000 a year without touching it... I'm not. To each their own.

Besides that, every single piece of content is a strategic part of my business. It's not another article. It's a sales mechanism.

Again, to each their own. But I am 30 now. And within half a year to a year I'll be able to fully focus on what I truly love to do. Which is teaching what I love to do most. And not worrie about a single thing anymore.

About $50,000 being a lot or not a lot of money:

I think it all depends on who you are. Believe me that a student with $50,000 a year is rich. And can party his or her ass off.

I also got a friend in Japan who makes little over $60,000 and lives a great life.

In Germany, €35,000 a year (equal to about $50,000 a year) is a fantastic income. Which can definitely supply for a family.

If you live alone, it's also enough to have fun, too. More then enough.

In Holland, my stepfather took care of me and my mom for years on only $35,000 a year. If that. And paid off a mortgage and everything. While Holland isn't a very cheap country to live in either.

So it's all about perspective here. For you these amounts aren't that much because you may party or travel a lot. Or maybe do something else I don't need to know about.

However, for the guy with the family it may be a fortune. And it could very well be the money he's been making in his job. Or even A LOT more.

Or if you live in Thailand, Indonesia, Poland or whereever... you could be living like a king if you make that kind of money.

Writing 60 salespiece a week ain't all that much in that case. If you're experienced, you can write them in 15 mins tops. That is about 3 hours work every day for a full work week. Or half a workweek and you are done.

Please note:

I am not talking about standard articles. I am really talking about salespieces.

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Tonylee93

12 years ago

My only question is where do you sell your articles for 20$ dollars each??

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paala

12 years ago

Originally Posted by Tonylee93

My only question is where do you sell your articles for 20$ dollars each??

Probably if you write something special.. Only once! but you surely can find someone to pay you for every article that you wrote.
So this topic comes with false premises, so false expectations!

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Dan C. Rinnert

12 years ago

Originally Posted by NatureGal

If an average 500 word article pays $20, it will take 2500 articles to earn $50000

If Amazon's average commission is 6%, it will take $830,000 worth of sales to earn $50000

If Fiverr is used to make money, it will take 12,500 gigs to earn $50000

You can also mix and match. You could write articles for clients as well as articles for your own sites. Those articles you write for yourself can be put to use promoting Amazon and other products. You could sell your own digital products too.

Then, when you start making sufficient income from your own sites, you can cut back on outsource or stop writing for clients.

Then, flip sites that underperform and constantly build new ones. Keep the good ones; sell the others. If you get bored writing a particular topic, even for a site that's performing well, you can outsource that writing or sell that site.

And so on.

Originally Posted by paala

Probably if you write something special.. Only once! but you surely can find someone to pay you for every article that you wrote.
So this topic comes with false premises, so false expectations!

There's a whole world outside of the Warrior Forum. Out there, people will pay a decent rate for articles, if you can produce quality content.

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JiuJitsuSweep

12 years ago

geez how can someone NOT live well on $50k/year??

Thats more than enough for me to live off , save some cash AND have fun

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Izaya

Banned 12 years ago

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davidtong

12 years ago

Originally Posted by Izaya

Easily, if you live in a big city things are expensive.

Yup, here in Singapore, a small 2BR 80sqmtr flat would run you 2-3K SGD (1500-2400 USD) per mo... they're not even mid-end flats LOL.

A new Civic here cost the same as a Carrera GTS in the US.

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Adnimated

12 years ago

Singapore is also one of the most expensive cities to live in. So it doesn't surprise me one bit.

I do like Singapore though. If I would be single, I'd definitely go live there for a while. Same goes for Japan btw.

Originally Posted by davidtong

Yup, here in Singapore, a small 2BR 80sqmtr flat would run you 2-3K SGD (1500-2400 USD) per mo... they're not even mid-end flats LOL.

A new Civic here cost the same as a Carrera GTS in the US.

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Mizzy Princess

12 years ago

I envy you folks who are writing articles for $6 - $48 per article. In Asia where most outsourcing forces came only $1-$5 per article. We really need to break our brain to produce 3000 articles to earn your $50000 goal. Whew!

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perfectlovehere

12 years ago

Originally Posted by NatureGal

If an average 500 word article pays $20, it will take 2500 articles to earn $50000

If Amazon's average commission is 6%, it will take $830,000 worth of sales to earn $50000

If Fiverr is used to make money, it will take 12,500 gigs to earn $50000

It's really good to note that to make $50000 a year (if you were to work 5 hours a day) you would need to make approx. $27 per hour.

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jahangir87

12 years ago

Thats a nice calculation.Never think in that way.But I wish I could get some clients or site that pays $20 per article.

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Chris W. Sutton 12 years ago

I don't know about you, but I want to live life to the fullest.

That dream became a reality when you got to know me. I'm not sure you can achieve anything higher!
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- JohnMcCabe 12 years ago
  
  Originally Posted by Chris W. Sutton
  
  That dream became a reality when you got to know me. I'm not sure you can achieve anything higher!
  
  Hey, Chris, can you do me a favor?
  
  Tell Thad he still owes me a jug for that dynami-, uh, fishing bait I gave him last week...
  
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  Daniel Evans 12 years ago
  
  There's not much use talking of what $50k can buy unless it's net profit, otherwise, for as long as tax exists it isn't $50k.
  
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Marcus Robbins

12 years ago

It's only $137 a day...

Marcus

Originally Posted by NatureGal

If an average 500 word article pays $20, it will take 2500 articles to earn $50000

If Amazon's average commission is 6%, it will take $830,000 worth of sales to earn $50000

If Fiverr is used to make money, it will take 12,500 gigs to earn $50000

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tdbasha

12 years ago

Why set goals so low?
Really, $50,000 US?
I have a sister that says no one should work for less than double their age per year.
At one time that was a big step for me to attain; like 25 years ago.

These days, if I spend an hour on-line for my IM work, it will need to net more than $5k/year. That's just the numbers I am in. And I actually do work at it; some days, and some days not.

That is very attainable for anyone in IM. But not by article writing or Amazon commissions. And, I would never work on Fivver: although I do use several virtual assistance from Fivver and appreciate the services very much. And, I do have several hundred or so all Amazon sites left over from auto-blog days.

Find a system or produce a product and work the heck out of it. Dominate every conceivable angle. Then do it again with another and another. Keep building and never look back.

Yours, or anyone's, success begins with a quality decision to proceed with a quality plan and then sticking to it consistently persistently moving forward. The money will follow with a good product or service online or off line. It always does.

(for what it's worth: I pay my writers $50 per article spun 25 times delivered in .txt files from Ohio. And no, I am not looking for more writers: I hired a professional firm to do all my writing. They just do not know what those words are really worth

)

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Silent Warrior 12 years ago

Wow. 2500 articles a year? How many WSO's could that be in a year? That just seems like an incredible amount of content creation just to be sold one at a time with no residual income. Seems to be ok cash upfront, but I agree with the some of the other long term, auto-pilot strategies others have mentioned.
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Aaron Doud

12 years ago

I make $50 to $70k a year in my current job. I live in the midwest so my costs are cheap. I could live on less and wish I had more to live on. I grew up on welfare and I know how to live poor but who wants to do that? I try to enjoy the money I have but wish things like health care were cheaper. Some things here in the US cost way more than they should.

But remember as you make more money you often spend more money. For someone who has never made more than $20k a year maybe $50k sounds like a lot but for someone who needs $100k a year just to pay their bills they could never see living on it.