How much can you make after 1 year in IM ?

10 replies
OK , since people here seem to be very responsive I am gonna ask this one.

How much can you be expecting to be making after 1 year in IM as a full-timer , starting from a scratch - knowing nothing about IM. Also not being a programmer but being an IT savvy person.


I would appreciate If someone making at least 200K USD an year describe what their day-to-day work is.

Do you work 12 hours a day ?
Do you feel as an entrepreneur or self-employed ?
How many freelancer do you have ?


Obviously this is very subjective question to ask, in IT things change by the day, and in Internet marketing probably too.
#make #year
  • Profile picture of the author jrailsback
    Newbie to Full-timer after one year can be done but there is a LOT of work involved. There are so many avenues to go down in internet marketing that you'd have to be more specific as to what you're thinking about in order for me to get more specific.

    If you don't know what you're doing, you can and probably will get sidetracked and stricken by 'analysis paralysis', especially if you're doing everything by yourself.

    If you can get a small team together dedicated to working towards one goal, you'll have a much better chance at making a good amount for yourself or your business after one year.
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  • Profile picture of the author testaccount9998
    It's going to be different for everyone.

    There are so many different ways to go about making money online.

    Some people make nothing or are in the negative when after a year, some people are pulling several hundred K.

    It all depends on what you do.

    The one thing that is always true is: making real money takes real work. Period.


    Best of Luck

    Rebtl
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  • Profile picture of the author jrailsback
    However, some of the most lucrative activities include website flipping, product creation, and list building. So you might want to look into those. If you're a savvy enough marketer you can do well in affiliate marketing, but if you're not, you'd be better off creating a product and recruiting affiliates to market it for you. That way you're leveraging your time better. But then you have to think about what's in it for the affiliates?
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  • Profile picture of the author Tim Whiston
    The Web is the only place you'll find people working 12 hours a day for not just one year, but 3, 4, 5 years and more without ever making a dime. This is beyond bizarre and I wonder why it's acceptable.

    I've never met anyone in any other business who is willing to work for years without ever making a sale. Of course I've never met anyone in a real business who says things like "Can I make $100,000 per year working an hour and a half each week?".

    If you're planning on creating an actual business plan and working a real strategy you should be in pretty good profit after one year because of the reduced overhead on online venture involves. But the exact amount you'll make is - as you said - highly subjective and will depend on:

    1. your market
    2. your products/services
    3. your pricing and volume
    4. numerous other factors
    Originally Posted by 3ukman View Post

    I would appreciate If someone making at least 200K USD an year describe what their day-to-day work is.
    Are you making $200,000 per year right now in the IT field?

    If so you can probably make $75k to $100k your first year online if you find a good plan (coach?), do your homework, and really focus.

    On the other hand if you're doing $35k right now with your day job the fact is your "internal wealth setting" is what's really going to determine what you make. In other words: How much is really possible in your mind?

    Can you see yourself making $200,000 as a legitimate possibility or is that much money totally alien to you? What you're used to making will have a greater impact on your business profits than the specific nuts and bolts, in my opinion.

    But then I'm an abstract, spiritual person so take all this for what you wish. The mathematically/logically inclined will see the issue in a completely different light.
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    • Profile picture of the author tim_buchalka
      I will say it's completely possible. I think you need to manage your time and have clear goals of where you would like to be, and also be prepared to adapt your plan as you go along. Having rigid never changing plans are a receipt for disaster in my opinion.

      Of course there is a fine line between changing plans and completely changing focus, hence the high level goals of where you want to be.

      The thing is, in my experience there are a heck of a lot of crappy products that suck time and money out of you, and don't teach you much of what you need to do, but there is a small percentage of great content and great products that can propel you towards your goal.

      The fact that a lot of people say it can't be done generally means they were not able to do it, but absolutely it's possible. I gave up my high paying consulting work (software developer) working for high profile companies like fujitsu, saab, mitsubishi, etc cold turkey last year and an a full time marketer making my entire living online.

      You would not have believed the number of people telling me I was crazy, and no one can make a living online so fast, etc. Well I am full time and loving it

      Can't say I always love the hours, but as I outsource more and more parts of the business that is slowly easing back to more realistic hours.

      If you have a dream, all I can so is go for it, set your goals and go achieve them!

      Cheers



      Tim
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  • Profile picture of the author AnarchyAds
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    • Profile picture of the author Mark_Saenz
      Well, I know Tellman Knudson made 800K in sales in his first year. So at least we know that's possible. OBTW, he did it as an affiliate.

      Mark
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    • Profile picture of the author Mark_Saenz
      Originally Posted by AnarchyAds View Post

      If there are no related products ... WRITE ONE.
      Put it on clickbank. It costs about $50 to list the first one.

      In two weeks you could have all this done.

      Hey Anarchy, lets say you write one and put it on CB...do you then have to promote it? Or is it really that easy and then people are just going to start selling it?
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  • Profile picture of the author Doug Simons
    What I have learned with IM is there are many ways to make money but if you look at them all at once you are going to have information overload. I suggest if you want to make some good money in 1 years time. Don't do it like a farmer by planting alot of seeds all over the place, plant 1 seed at a time water it watch it water it again and then only once it untill it is fine by itself then you can go and plant another.
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    • Profile picture of the author Mark_Saenz
      Originally Posted by Doug Simons View Post

      What I have learned with IM is there are many ways to make money but if you look at them all at once you are going to have information overload. I suggest if you want to make some good money in 1 years time. Don't do it like a farmer by planting alot of seeds all over the place, plant 1 seed at a time water it watch it water it again and then only once it untill it is fine by itself then you can go and plant another.
      And if you were NEW what seed would you plant?
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      • Profile picture of the author fixxidotnet
        Originally Posted by Mark_Saenz View Post

        And if you were NEW what seed would you plant?
        All replies seem amazing , thanks all guys. Thanks to this forum I start to feel little bit more excited about all this. Before this forum I only saw the dirty side of Internet Marketing. That is people selling you "money-making" products which make you feel .. well stupid and uneducated.

        Mark , great questions but the point of this thread is about whether someone should go in Internet Marketing making as a career change...

        My background is Microsoft Sys Administration but I am convincing myself that this is dead work for the 10-year term ahead.

        First I thought of getting some PHP / ASP.Net skills to pull myself towards the web development area. After finding out about rentacoder and odesk it came to me that development work seems to be in the same boat as sys admin work. The thing is that web-developers more and more are competing with lower paid markets which ultimately will lead to lower and lower pay rates.

        And this led me to find out that there are people who are neither developers nor system administrators but IT savvy people who are taking advantage of the Internet phenomena to make great money from home..

        The thing is I am convinced that software development and sys admin work are going to be lesser and lesser paid , so the TIME IS NOW TO SWITCH !
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