21 replies
  • OFF TOPIC
  • |
I've been thinking more and more about internet marketing in regards to how much money I will be happy with. I currently make more than enough to live comfortably, but that is both from actual work and residual income.

I was wondering how much I would need to make constantly and consistently from residual income, before I stopped building and just lived off the system in place.

There are people making 5, 6, or 7 figures per month from internet marketing, but I think I would be happy from just making 4 figures a month, obviously on the high end of that but what are people's goals outside of IM, why do you want to take make so much money?
#stop
  • Profile picture of the author talfighel
    What ever income you would feel comfortable to live, that is that number you will be striving for.

    When everything works for you on auto-pilot and still making you great income, that will be the day that you can take it easy. But I don't recommend that you take a few weeks off. Check everything everyday. This should take you from 30 to 60 minutes.
    {{ DiscussionBoard.errors[4574129].message }}
  • Profile picture of the author David Keith
    i too currently make decent money online. i am still working to get it up to the higher 5 figures monthly, but that will come with work.

    my goal is to be able to afford to do some positive things in regards to education. i feel it is the biggest area of opportunity in society today.

    i also feel that the solutions to the problems are being driven by money, and money doesn't solve much of anything. heck, money will only solve being poor temporarily.

    but an education can help you make it through anything.

    my goal is to be able to invest 10k per month from my internet business into solving issues that plague our USA education system.

    i want to focus on opening discussion and testing some innovative ideas rather than just throwing more money at the problem. that has not worked very well.

    anyway. i am 31 now, hopefully by 33 i will be in a position to work on education full time. thats how i plan to spend my next 30 years.
    {{ DiscussionBoard.errors[4574149].message }}
  • Profile picture of the author Hardik Jogi
    I will stop when i think that i have enough money in the bank to support me and my family for the rest of our life. (which i think is 2 million for me and my family). After that i may be earning passive income of which large part (80%+) will go towards donation.
    {{ DiscussionBoard.errors[4574191].message }}
    • Profile picture of the author hardraysnight
      Originally Posted by hardik jogi View Post

      I will stop when i think that i have enough money in the bank to support me and my family for the rest of our life. (which i think is 2 million for me and my family). After that i may be earning passive income of which large part (80%+) will go towards donation.
      Is it easier or harder to make oodles of money in a 'corrupted nation? or does it depend whose side you are on?
      {{ DiscussionBoard.errors[4576941].message }}
  • Profile picture of the author RHert
    I strive to make enough money that I can build a foundation for people who have been abused. i want them to have a safe place they can heal, where they can learn how to handle life in a different way than they learned growing up. In essence I want to make the world a better place for them and all the generations that follow them.
    I figure the more money I make that more people i can help.
    Signature
    Copywriting at it's Best! - Tips and tricks to connect with your reader.
    {{ DiscussionBoard.errors[4574265].message }}
  • Profile picture of the author JamesGw
    I don't ever plan on stopping.
    {{ DiscussionBoard.errors[4574279].message }}
  • Profile picture of the author absolutelee
    It's a time and money issue. Personally, I would probably do this stuff for a hobby, even if I never made a cent. I love IM! I'll do this as long as I can. Or do something "funner", if I ever find it.
    {{ DiscussionBoard.errors[4574288].message }}
  • Profile picture of the author RokDot
    I'll rest when I'm dead. Internet Marketing is an addiction, you're addicted to the money, when you go from zero figures, to 3 figures, to 4 figures a month, you just want to push yourself to make even more money. I mean why not? you can do whatever you put your mind too. I find I discuss a lot of ideas with other marketers, who say they are Impossible to do. And it's funny that those ideas have made me the most money.
    {{ DiscussionBoard.errors[4574291].message }}
    • Profile picture of the author Rough Outline
      Originally Posted by RokDot View Post

      I'll rest when I'm dead. Internet Marketing is an addiction, you're addicted to the money, when you go from zero figures, to 3 figures, to 4 figures a month, you just want to push yourself to make even more money. I mean why not? you can do whatever you put your mind too. I find I discuss a lot of ideas with other marketers, who say they are Impossible to do. And it's funny that those ideas have made me the most money.
      Ignore the internal goals of IM, what are the external goals of IM, what are you trying to achieve from IM, why do you want the money and how will you use it?
      {{ DiscussionBoard.errors[4574411].message }}
      • Profile picture of the author mone
        I suppose when i first started i wanted to be rich and make as much money as i could, but as time has went on i feel this is not a goal i wish to work for. Plus after reading a book on outsourcing your life i would like to have an income that can fulfill my desire to travel and see the world on long timescales and also have enough spare that i can help people and charities along the way that i might meet.
        {{ DiscussionBoard.errors[4574516].message }}
  • Profile picture of the author robchapman
    My external goals would be to be able to stay at home with my family, have more free time, and would save up most of the money to invest.
    {{ DiscussionBoard.errors[4574474].message }}
  • Profile picture of the author uebomoyi
    This a great question. The reason why I want to make so much money was to help out my family and people who are less fortunate than me. I keep seeing all of these commercials about beaten children and starving kids who don't have a good home to go to and I'd love to donate to them so they could have a better life. Also, I currently donate to a charity which helps kids who are hopping from house to house sleeping on couches. I donate $15 a month but would prefer to really start helping out in my neighborhood since there are a lot of problems. So yeah that's why I want more money-- to help people. About 5,6, or 7 figures a month wouldn't be bad at all =)
    Signature

    {{ DiscussionBoard.errors[4574572].message }}
  • Profile picture of the author eubertmo
    Stopping is not in my vocabulary.
    Besides, I love internet marketing and it keeps me going each day.
    {{ DiscussionBoard.errors[4574615].message }}
  • Profile picture of the author Joe Benjamin
    I've told myself I'd stop when I reach $1k per month
    consistently...

    I could not. Because, I *don't know how*.

    I'm addicted to the experience - the process - the
    learning curve.

    I know now that I grow as a person and face many
    fears in business - and when I do that successfully
    I succeed financially.

    Business is a measure of how many people I serve,
    and to what degree I serve them.

    ...I think most of us get a kick out of helping people
    and getting rewarded for it. So, in a sense...

    very, VERY few people quit being an entrepreneur
    when income goals are reached - they simply expand
    their business to serve more people or forget about
    making money altogether...

    but few ever stop cold-turkey.
    Signature
    **How I FLIPPED $80 into $690 Pure Profit With ONE EASY Method...2 to 3x Per Week...Only 30 Minutes Per Day (and how YOU can COPY my RESULTS, too!) **CLICK HERE FOR VERIFIED VIDEO PROOF**
    {{ DiscussionBoard.errors[4574798].message }}
    • Profile picture of the author Rough Outline
      Originally Posted by WhoIsBenjamin View Post

      I've told myself I'd stop when I reach $1k per month
      consistently...

      I could not. Because, I *don't know how*.

      I'm addicted to the experience - the process - the
      learning curve.

      I know now that I grow as a person and face many
      fears in business - and when I do that successfully
      I succeed financially.

      Business is a measure of how many people I serve,
      and to what degree I serve them.

      ...I think most of us get a kick out of helping people
      and getting rewarded for it. So, in a sense...

      very, VERY few people quit being an entrepreneur
      when income goals are reached - they simply expand
      their business to serve more people or forget about
      making money altogether...

      but few ever stop cold-turkey.
      This is what I'm afraid of, internet marketing is addictive to an extent.
      {{ DiscussionBoard.errors[4576902].message }}
  • Profile picture of the author sloanjim
    debt free, $3m in the bank I'll walk away from all biz and throw my computer in the sea.
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[4574861].message }}
  • Profile picture of the author jonasgr
    I will never stop. I may decide to use less time on it, if I have reached a certain financial level where I don't need to make more money.

    Obviously most of us decided to begin in IM because we wanted to make money, but as I have progressed I know that money is not everything. Something I have realized is that personal development is a very important thing for me. I need to grow as a person and my business is a part of that. Whenever I reach my financial goal, I could focus on helping even more people. Maybe learn new skills. Just look at something like Frank Kern. Although he has "retired" he can't help to pop up here and there.
    {{ DiscussionBoard.errors[4577327].message }}
  • Profile picture of the author magiclouie
    For me, as long as I am still alive, I will never stop.

    Even the richest people out there never think of stopping.

    Just my 2 cents!
    {{ DiscussionBoard.errors[4578110].message }}
  • Profile picture of the author hardraysnight
    I am seriously considering stepping down. I am bored

    I have a stable income, and now i have a trusted manager who understands the business. I recently diversified and have a 24/7 computer operation which is now on automatic too

    I am seriously looking at elevating him to 49% partner and sit back and count the money.

    I could easily expand my subscription base five times, without affiliates, but can not be bothered. I am also autoresponder, webpage free, but do use paypal. I do not know what a business plan is

    The only treason i continue is a loyalty to my subscribers.

    I have time to think. My core business only runs five months a year, a couple of hours a day, but I do need to work every day, but i live well.

    When i return from a couple of months sailing i will decide to expand or bow out. The latter sounds good

    Life really is a beach
    {{ DiscussionBoard.errors[4578989].message }}
  • Profile picture of the author Fazal Mayar
    i think it depends on you if you can work on it without interfering with your life in a bad way then why not go for more?
    Signature

    Blogger at RicherOrNot.com (Make Money online blog but also promoting ethical internet marketing)

    {{ DiscussionBoard.errors[4579378].message }}
  • Profile picture of the author karlik1230
    I love my job and even if I will have enough moeny I won't stop doing it.
    {{ DiscussionBoard.errors[4579558].message }}

Trending Topics