How many of you are making 50K a year online?

There are questions like this all the time and they are questions every single new online entrepreneur has (I know I did). I probably asked the same questions many times years ago.

But I would say, forget everybody else and just 1) know that there are MANY MANY 50kish incomes for many people in this community and 2) everybody has a different story of how they got there.

So just grind away with the confidence that you can do it too and don't worry about how anybody answers these types of questions

Good luck on your journey!

It's important to keep in mind that most people making this kind of money...

1. Aren't in the "guru" business.

2. Aren't hanging out on message forums all the time or doing interviews, because they're too busy working.

No offense to anybody, if either one applies to you.

With that said, I've seen more and more podcasts with interviews from these type of people. Might be worth a search.

I agree with all the guys above, really, but will still choose to say a little more, since it's all information I've posted in previous, similar threads anyway.

(By the way, some people here don't like being asked their incomes, and even though that isn't really what you're doing, history suggests that some may even take the time to post and say so, rather than simply ignoring the thread as they obviously should. Just warning you! )

I hear you. I think I understand entirely what motivates your entirely valid and reasonable question!

And yet ... there's actually a pretty small minority of people earning $50k - $100k, I think, through internet marketing.

For many people, that $50k - $100k per annum is a scalable stage on the way to something more successful, and some people pass through it relatively quickly, as I did myself.

The overwhelming majority of internet marketers never get to $50k per annum at all, of course, but I think a pretty significant proportion of the ones who do, also "get much higher".

A possible exception is "successful service providers" whose income may be in the comfortable "earning a living" bracket but is ultimately limited by their own working hours (i.e. relatively well-paid but not highly scalable work such as some writing/copywriting, maybe website design, etc.)

I don't even know if you "want to hear from me". I've been doing this for over 5 years, now, so I'm no longer in the range you're asking about, but I was a few years ago and I mentioned some income figures on the board fairly openly back then, and may as well repeat them now.

This is what I do for a living, by the way.

I earned nothing for my first 3-4 months. In my 8th month, I earned $4,500 (that's just approaching your $50k per annum figure?). My income progressed - not always as steadily as I'd have liked! - and in my eighteenth month, I earned $10,000 (just over your $100k per annum figure). My business has continued to grow for another 4+ years since then, and I now employ three full-time people, too, but after that point, I no longer give any income figures because I've learned that doing so can cause significant hostility, resentment and even sometimes abusive private messages (I think mostly from much older people some of whom have struggled to earn anything online for many years ).

So my short answer to your question about when I earned $50k - $100k is "between months 7 and 17", really.

6 months less than it's actually taken me, probably (with the knowledge I now have, I wouldn't waste those first few months earning nothing to speak of, and maybe I could save another month or two, also, by having some of the outsourcing skills I lacked, a little earlier). But I probably couldn't do it in a lot less time than it actually took me, to be realistic. And I couldn't work a lot harder, either.

On the other hand, there are no certainties and I was quite lucky at times ("she says with hindsight!") over some important things like niche selection, when I knew fairly little about it.

I have absolutely no idea at all: I never think anything like as far ahead as that.

.

The time it takes to get to full time income is dependent on a number of factors, the time that you are putting in, the monetary investment you are making, and whether you are going for an active, or a passive income stream etc. Many many things to consider. There is no easy cookie cutter answer for anything.

Can confirm. I am not a "guru" in any sense of the word, and yet various facets of internet marketing have allowed me to make a full-time income.

Here is exactly what I did:

1) Know what you're good at. In my case, it's writing and conversion optimization. I know how to plug holes in leaky websites. Natural talent will only get you so far... you also have to keep studying and learning. What worked last year might not work this year, and so on.

2) Find a mentor. This doesn't have to be some online celebrity or guru, as you call them. It's great to shoot for the moon, but keep in mind, these so-called celebrities probably discovered a method long ago that worked like crazy at the time, and have made their money and gotten out of the system, but still coast by on name recognition...

I don't recommend paid coaching/mentorship programs when you're first starting out, since money is tight, and like I said, everyone has a different path that got them to where they are today. Rather watch what your mentor does... who do they associate with? What products are they launching? What are they working on?

3) Get the word out. Ask around. Find people who are in need of the service you provide. For example, if you've made some money designing websites and are good at it, ask your current clients "Do you know of anyone else who might benefit from having a website designed?" Chances are they'll know 2-3 other people in their close circle that they could refer to you.

Rinse, Repeat, and you'll have all the business you can handle. I know, easier said than done, right? But just keep learning, improving and sharing what you know. It will build up over time and you'll get better - professionally, personally and financially.

As said before, this is a type of thread that's posted multiple times per week - if not per day.

For me, I started off doing product reviews on youtube and building niche specific SEO sites, ranking for various product keywords.

I quickly started to build a list after that and expanded into NON IM type markets (such as dating, pregnancy, diabetes, getting your ex back, getting a girlfriend/boyfriend, etc)

The question is how many people who make 50k are actually hanging around forums answering questions like this

Most earners in this category $50k a year remember all too well what it was like starting out and needing forums like this as they entered the world of IM.

I get a fair amount of business from these forums and hanging around here helping out "newbies" adds to my growing income so its a win win.

How about 50 Million a year. You aim low and you reach just below what you aim for.

Honestly in some point between 2008 and 2012 I made more than that in 3 consecutive years but not after changes in google (penguin, panda, hummingbird), and increasing competition lately. But I'm still close to that and going beyond next year based on trend. And I'm not "guru". I don't believe on people spending a lot of time convincing others to listen to their expensive webinar programs and calling themselves gurus.

$50K per year is very doable and a worthy achievement, but in this business it's barely scratching the surface.

I did that, and more, in my 2nd year online (2006) barely knowing what I was doing.

Do a lot more now, but hang out in forums from time to time anyway

I agree with what another poster said, most marketers don't make it to 50k a month simply because the low barrier to entry doesn't make them invest enough follow through and not quit.. whereas those who do make it to the 50-100k level would usually know how to scale that.

I am not millionaire yet but happy to be in the six figures club online..It sure beats cooking wages by far.

I think there are a lot of them but I don't include myself. I am sure those guys that earning 50K a year are now busy developing their resources.

I crushed that number my first year in business and rapidly expanded from there...

Once you figure out what works for you it becomes very easy to scale.

The main problem then becomes having the right mindset and focus to grow to your potential instead of becoming stagnant and seeing your income plateau.

If I can give you any advice it would be to sell high ticket/high margin items.

You see so many people focusing on $5 gigs and $10 articles and the sad thing is even if they crack the secret to getting tons of orders there still likely stuck with a tiny income. Focus on $xxx and $x,xxx products so once you figure it out you can actually make some real $$$.

It took me 2 years to hit six figures, what a journey that was.

Find something, master it and scale it, from there sky is the limit

There is a lot of us who make more than that. Each person is different, has different goals, makes that in a different way,

It is easy to think that a specific way somebody earns their $50,000 a year will work for you. Bt you just gotta see what works for you. You may have to do more than you think to achieve this much, but it is all about working at it and testing the markets.

You just may find that small little Goldmine.

There is no set way to build a 50,000 a year marketing business. What works for me, might not work for you, and vice versa.

There a million different online opportunities, and many offline opportunities that you can blow up if you market them online.

Find a mentor, model off successful people, and figure out what works for you! :-)