by ckbank
19 replies
Hi everyone. I just want your opinions on something. Am I right to assume that once I am able to make certain amount of money, that money will make much more money. Sorry for the wording. Think along the lines of "the first million is the hardest." I'm obviously not talking about a million, but would you say if a person is able to make 20 or 30 thousand dollars, that would be enough to venture much bigger things? I personally feel that 15 to 30 thousand dollars would be enough to venture into bigger things. What's your amount?
#makes #money
  • Profile picture of the author dadamson
    Not always. If you think like this you will never get started.

    Dedication and high quality products attracts the money, in fact, once you start concentrating on helping your visitors or potential clients and providing them real value the money will come. Not when you are chasing it.

    Once you have $30K in your pocket you are not going to blow it on a venture unless you are absolutely 100% sure it will triple in the near future.

    You would stick to your roots and make another $30K by providing quality and being dedicated in what you do.

    At least, that is how I started making money and continue to do so.

    Dave
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    • Profile picture of the author ckbank
      Originally Posted by dadamson View Post

      Not always. If you think like this you will never get started.

      Dedication and high quality products attracts the money, in fact, once you start concentrating on helping your visitors or potential clients and providing them real value the money will come. Not when you are chasing it.

      Once you have $30K in your pocket you are not going to blow it on a venture unless you are absolutely 100% sure it will triple in the near future.

      You would stick to your roots and make another $30K by providing quality and being dedicated in what you do.

      At least, that is how I started making money and continue to do so.

      Dave
      Great advice. I always liked the idea of making certain amount of money, saving it, and then starting over.
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  • Profile picture of the author Dan J
    Hey ckbank,

    To be honest with you, it differs with each and every venture IMO. For me, 5k would support me well for the particular business model I'm using, however the more money I make, the more chance I will invest it into a new business venture that interests me.

    But for sure, the first few dollars are the hardest, completely hard. Especially if you have nothing to start with.

    As long as people re-invest their early earnings instead of going out raving, buying flat-screen tvs etc, then that money will most definitely multiply....providing you know what you are doing lol.

    Also as dadamson pointed out above...QUALITY is what will attract the $$. Never settle for second best when providing or promoting a product to your customers, otherwise kiss bye-bye to your credibility and repeat sales!

    - Dan J
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    Email Copywriter For Established Info Marketers
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    • Profile picture of the author ckbank
      Originally Posted by Dan J View Post

      Hey ckbank,

      To be honest with you, it differs with each and every venture IMO. For me, 5k would support me well for the particular business model I'm using, however the more money I make, the more chance I will invest it into a new business venture that interests me.

      But for sure, the first few dollars are the hardest, completely hard. Especially if you have nothing to start with.

      As long as people re-invest their early earnings instead of going out raving, buying flat-screen tvs etc, then that money will most definitely multiply....providing you know what you are doing lol.

      Also as dadamson pointed out above...QUALITY is what will attract the $$. Never settle for second best when providing or promoting a product to your customers, otherwise kiss bye-bye to your credibility and repeat sales!

      - Dan J
      Again, this is great info my friend. I absolutely appreciate the fact that there are people out there who invest time from their lives and teach us about things.
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  • Profile picture of the author Gerald Arno
    Banned
    Once you have had some success, you will have a lot more confidence in yourself which leads to taking more action.

    But before you can reach that tiny success you need to belief that it´s possible for you.

    If you can sell one product for $25, you can also sell a thousand pieces to the same price.

    The key in business is to adopt the proper mindset that will lead you towards success.

    There is no such thing as failure.. Failure is only a question of perception and meaning.

    Focus on outputs, or better said the results you will enjoy by accomplishing your goals.
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by GeraldGigerl View Post

      If you can sell one product for $25, you can also sell a thousand pieces to the same price.
      This may well be so ... with those numbers.

      The mistake, I think, is to imagine that that logic will still apply when you scale up the numbers, and to believe that just because you can sell 100 products for $25, you can necessarily also sell 100,000 of them at the same price.

      That's often not the case, for quite a variety of reasons (some of them obvious and others very much less so).
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  • Profile picture of the author niceguy36
    Indirectly, at least in my case, it is true. But, it wasn't that I made way more because I could spend more. It was because my motivation went through the roof. :-)
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    • Profile picture of the author ckbank
      Originally Posted by niceguy36 View Post

      Indirectly, at least in my case, it is true. But, it wasn't that I made way more because I could spend more. It was because my motivation went through the roof. :-)
      Exactly. Some of us quit trying if we don't see results. Making a single sales literally gives me a caffeine buzz. LOL. Such a rush.
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    • Profile picture of the author Dan J
      Originally Posted by niceguy36 View Post

      Indirectly, at least in my case, it is true. But, it wasn't that I made way more because I could spend more. It was because my motivation went through the roof. :-)
      Haha! That's how I see it too lol! If I was to have made $1000 by the end of the month, I'd be going to create another 3-5 different products!

      The money is always a great perk to have, but you've got to have the passion for what you are doing to keep you going. I couldn't create multiple streams of income and then say "i'm going to retire now and let thing's take care of themselves.." Hell no...I'd keep on going.

      For me, seeing a few products of mine be bought, is more of a buzz than the total I have made from those few sales!

      Passion first, money later! :-)

      - Dan J
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      Email Copywriter For Established Info Marketers
      I write emails people look forward to reading, clicking and buying from. To learn more, click here.
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  • Profile picture of the author AdwordsMogul
    It's like this... someone could start from 0 and shoot quickly to a hundred thousand.

    Another would make a million.

    Another person will get stuck.

    The difference comes from you, what you want, and what you make out of what you've got.
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    "Those who can - DO IT. Those who can't, say it's impossible."
    Jean Paul a.k.a AdwordsMogul
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  • Profile picture of the author tpw
    Smart money makes money.

    Dumb money goes broke fast.

    Just because someone has money does not mean that they know how to make money.
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    Bill Platt, Oklahoma USA, PlattPublishing.com
    Publish Coloring Books for Profit (WSOTD 7-30-2015)
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    • Profile picture of the author AdwordsMogul
      Originally Posted by tpw View Post

      Smart money makes money.

      Dumb money goes broke fast.

      Just because someone has money does not mean that they know how to make money.
      Hahaha!

      I know someone who said "I'm gonna save like 50K then I will start a business with it".

      To which I respond "What business?"

      He goes "I don't know yet."

      "So," I inquire, "why do you need 50K?"

      He looks at me in confusion, and a little disdain. "Coz' I want it to be big!"
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      Jean Paul a.k.a AdwordsMogul
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  • Profile picture of the author MattJackson
    I agree with your premise. For one you can remove yourself as a bottle neck, when you can afford to pay other people to work for you, you can get a lot more done. For example when your starting out you have to do all your own work and you can only so your absolute limit is, i don't know we'll say one product per month. If you can outsource the work the only limit is how many people you can afford to hire, could be 1000 product a month.

    There is also a factor called cost of entry, how much does it cost to enter that market. A beginner can only afford a domain and hosting, it takes thousands of dollars to start a business, not matter how certain it is to make money for you, that door is closed to you as a beginner.

    Of course as everyone else is saying the most important thing is that your product is absolutely fantastic, that is the only sustainable business model.

    (take with a pinch of salt because I've only been in IM for 4 month and have made about...$5 haha)
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  • Profile picture of the author JD Ways
    Making money IS a confidence builder! No question about it!! That's why that first million is the hardest!! (Your running on fake/unproven/or at least borrowed, confidence) I would suggest going about it 50/50, in other words, make 30k, save 15k and use the other 15k to make another 30k and rinse and repeat till you have 60k saved and then and then start with 30k this time and on and on it goes till your WINNING!!
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    • Profile picture of the author AdwordsMogul
      Originally Posted by JD Ways View Post

      Making money IS a confidence builder! No question about it!! That's why that first million is the hardest!! (Your running on fake/unproven/or at least borrowed, confidence) I would suggest going about it 50/50, in other words, make 30k, save 15k and use the other 15k to make another 30k and rinse and repeat till you have 60k saved and then and then start with 30k this time and on and on it goes till your WINNING!!
      Hmm... sounds good in theory, but usually that's not how it works.
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      "Those who can - DO IT. Those who can't, say it's impossible."
      Jean Paul a.k.a AdwordsMogul
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  • Profile picture of the author Danny Cutts
    money definiately opens more doors and opportunities. I try and re invest my earnings into lots of different projects.

    Dont get hung up on figures though it will drive you crazy


    Posted from Warrior Forum Reader for Android
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  • Profile picture of the author nicholasb
    yes assuming you know what to do with it when you get it. It wont do anything if you just throw it in a bank account.
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    • Profile picture of the author AdwordsMogul
      Originally Posted by nicholasb View Post

      yes assuming you know what to do with it when you get it. It wont do anything if you just throw it in a bank account.
      True, however sometimes it's a good idea to just put in your savings account (at least most of it) and go get some more... possibly using OPM (Other People's Money).

      Me thinks it's quite a disturbing trait in the corporate world, AND definitely in government run institutions that just because the money is there you have to spend it.
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      "Those who can - DO IT. Those who can't, say it's impossible."
      Jean Paul a.k.a AdwordsMogul
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      Easy Link Saver - Are you tired of the pain of constantly searching for your affiliate links? ( Chrome extension - FREE )
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  • Profile picture of the author michleadwing
    bro i think it doesn't work always.in my case it works in offence.if you think about attractive advertising then money is no matter.money will come from your work.
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