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How much can I make in a year if...

by CanMan86
16 replies
Due to poor health I am unable to work and currently live with my parents. I don't have to pay rent or anything. I am basically free all day. I decided I wanted to make money through building niche sites. I've been learning from guys like Pat Flynn and Spencer Haws.

I want to create financial goals for myself to give me something to work towards. Since I am new to this I don't really know what are reasonable goals to set. Keep in my mind I am able to work on this full time. I have no other commitments. With that in mind what would be a reasonable goal to set for myself in terms of income for the next year. Something high enough to keep me motivated yet low enough to be reasonable (although being reasonable just sounds so mediocre to me) but you get my gist.

So I can work on this full time and I am starting from ground zero. Fill in the blank for me... My goal is to be earning $_____/month by this time next year.

Thanks guys.
#make #year
  • Profile picture of the author Dash Evra
    I suggest you try The challenge by Ed Dale.

    It's a free program that will teach you how to make your first dollar online.

    It's hard to say how much you will be making per month one year from now. There are just way too many factors to consider.

    You can make anything between nothing to six figure in one year. I know this is not the answer you were hoping for but that's pretty much what everyone else will be telling you.

    Don't worry about next year for now. Just start taking actions and keep focusing on what's working.
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    • Profile picture of the author rc1887
      Originally Posted by Dash Evra View Post

      I suggest you try The challenge by Ed Dale.

      It's a free program that will teach you how to make your first dollar online.

      It's hard to say how much you will be making per month one year from now. There are just way too many factors to consider.

      You can make anything between nothing to six figure in one year. I know this is not the answer you were hoping for but that's pretty much what everyone else will be telling you.

      Don't worry about next year for now. Just start taking actions and keep focusing on what's working.
      The Challenge by Ed Dale sounds pretty awesome. I'm going to go check it out.
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  • Profile picture of the author Will Edwards
    Setting financial goals is an interesting one. First thing to understand is that they are 'outcome' goals; not 'performance' goals. Top athletes set both kind of goals - this is something I learned from the great Roger Black.

    If you think about athletics for a moment or two, you will realise that a new runner does not set a goal to win an Olympic gold when they first start training. What they do is run and then measure how fast they can run. Once they have that data they can work on improving by setting 'performance' goals that they can gradually work on. After that, they are in a position to set meaningful 'outcome' goals.

    You can do the same thing: get started; follow a plan and measure your results. Once you have some data, you have got something to work with.

    Will
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  • Profile picture of the author Dbrohman
    In a full year, working online full time, if you figure out exactly how you're going to start earning early, and get a solid few months of work behind you, there's no reason you couldn't be well on your way towards a full-time income, if not already there.

    tl:dr $5,000 is a reasonable goal
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  • Profile picture of the author Hansie koch
    If I was you I would set a goal and break the financials down to hours, days and weeks.

    One golden rule is, it takes just as much effort to rank high paying niche sites as it is to rank sites that will make you a few bucks. When you see something work for you scale it up!!
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by CanMan86 View Post

    I want to create financial goals for myself to give me something to work towards. Since I am new to this I don't really know what are reasonable goals to set.
    I hear you. I remember thinking exactly this, and not being able to define it precisely or judge it accurately when I started, because I had no real frame of reference within which to do so. I started at the beginning of my second year of college and my target was simply "to be earning enough by the time I graduated never to need to get a job", which I then saw as needing at least $3,500 - $4,000 per month. In fact I got to $3,500 per month after 6 months, but I was also pretty lucky to do so, so I think of that as "probably an ambitious target". You have more time available than I had, though - I was able to do 25-30 hours per week, when I started (I do a lot more now!).

    Originally Posted by CanMan86 View Post

    Fill in the blank for me... My goal is to be earning /month by this time next year.
    I also think $5,000 is a good figure for this sentence. Because it's clearly possible, and if achieved, it means you can in future build a big and very successful business and earn far more than that.

    Good luck!
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    • Profile picture of the author JohnMcCabe
      From your post, it sounds like you are quite young. So it's likely you don't have much in the way of work history. One of the coaching programs I went through a few years ago recommended setting an initial goal of about five times your best month.

      So if $1,000 per month would be a reasonable salary for you if you were healthy enough to hold down a job, $5,000 is probably reasonable.

      But is it right for you?

      Does the goal of $5,000 per month after 12 months scare you just a little? If so, then it's a good number. If it doesn't, it's too low. If it scares the bejeezus out of you, it's too high. Your subconscious won't believe it's possible, so it will "sabotage" you to keep you from failing, giving you excuses for why you didn't make it.

      Good luck to you...
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      • Profile picture of the author CanMan86
        Thanks guys! From your answers I've got an idea of what would be reasonable to expect or shoot for. I'll take everything you guys have said into account.
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  • Profile picture of the author Story
    Hey there,

    I am in a very similar situation as yours. Hence I am having a lot of time for online work.
    There's no telling how much you will earn in a year, but it will greatly depends on who your mentor is.

    Good luck!
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  • Profile picture of the author Fazal Mayar
    You have to work on the right strategies mate. You could spend 12h a day on the computer without making any money like it happened to me. Try by starting freelancing and after that you can start into affiliate marketing or blogging or list building.
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  • Profile picture of the author Lurk
    I'm in no position to tell you what to do,but, please consider your health issues & how that might come into play in hindering your earnings while setting goal.
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  • Profile picture of the author misterkailo
    Set a small goal and SURPASS IT! You'll be amazed
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  • Profile picture of the author DeanJames
    Set yourself milestones which act as a stepping stone to the next milestone. Celebrate each milestone but not for too long. Once you're done celebrating, get back to work.

    The only financial limits are those which you impose upon yourself. When you have some metrics to work with you can do some number crunching and work out what is realistically achievable for YOU in the first few months with what you are implementing.

    For now get to work and don't over analyze!
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  • Profile picture of the author Moneymaker2012
    Don't think about the next year, you have to make short plans first and if they work for you then you can easily make long term plans. And there is no limit what you can or what you will earn in IM.
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  • Profile picture of the author DubDubDubDot
    Originally Posted by CanMan86 View Post

    So I can work on this full time and I am starting from ground zero. Fill in the blank for me... My goal is to be earning /month by this time next year.
    Since you are totally new at this, $0 to $100 is the most likely range.

    Treat it as a serious hobby while you are learning the ropes. The worst thing you can do at this stage is set financial goals. That's all that matters to you right now (we were all there once), but you've got to get over that.

    p.s.
    Avoid the "guru" courses. If you want to buy a few low cost WSOs on the topic for a little boost then go for it, but don't give anyone hundreds of dollars or even a monthly subscription fee.
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  • Profile picture of the author clever7
    You have to spend a lot of time here at the WF reading various posts and understanding marketing strategies, and a lot more until you will understand what you can do, what would be profitable, and how you can achieve your goals.

    You have to work very hard to beat the competition, in all fields. So, before going to the battle, you have to be well-equipped with knowledge. But don't be an eternal student who never puts anything into practice. You have to see how everything works if you want to be realistic.

    How much you will make depends on numerous factors.
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