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Where is the money

by thet
29 replies
I wonder, when we are talking about off-line marketing and then in the region of Europe. Where is the money? Where are the million euro sales / marketing people? What industry are they at?

Is Europe different than the USA, where people can be rich and employed?

I am very curious about this, but not sure if it's the right forum to ask since this is a USA based forum. I hope we can have some serious dialogue going on here.
#money
  • Profile picture of the author yunus121
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  • Profile picture of the author adam westrop
    Some parts of Europe are very rich. Switzerland is quite a rich country, Germany has lots of strong industries they are efficient in, Monaco - the list goes on. The UK I'd say we're holding our own at the moment. If we didn't have such a strong financial sector in London though our position would be worse.

    Then there are countries struggling like Greece.

    In short there are very strong industries and there are multi million pound deals being made all the time in Europe - but I doubt these type of deals are in the limelight as much as the rest of the world - and perhaps they aren't quite as big compared to US deals......
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    • Profile picture of the author Freebiequeen1999
      Well one good thing is you may not have as much competition


      I think Europe really leads in fashion and food and stuff - right along with New York, LA and to some degree Miami....but maybe not as much competition as in the US
      when it comes to small biz owners


      I do have Euro friends who say it is harder to set up a business there, more regulations, more tax stuff (value added?)....but that probably means they need your help
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      • Profile picture of the author thet
        Originally Posted by Freebiequeen1999 View Post

        Well one good thing is you may not have as much competition


        I think Europe really leads in fashion and food and stuff - right along with New York, LA and to some degree Miami....but maybe not as much competition as in the US
        when it comes to small biz owners


        I do have Euro friends who say it is harder to set up a business there, more regulations, more tax stuff (value added?)....but that probably means they need your help
        Yes. I am also thinking in terms of employee. See, if you have a big marketing role in the USA, or a big sales role, you can make lots and lots of money.

        In Europe, well, you can earn plenty (100k and such) but I rarely hear about the "big big bucks" (again, 100k would be a lot to me, I am talking 6 figures here what I mean with "big big bucks" for the sake of argument)

        I just wonder if the difference between the USA and Europe are really that big, or that I simply don't see it here because it's too far from my own personal network (almost like a different world I live in compared to "the rich" in Europe)
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        • Profile picture of the author The Pines
          I can't speak for all of Europe, but in the UK some £100k+ roles would be;
          Law - Judge, Barrister, Senior Partner
          Accountancy - Senior Partner, tax planner
          Sales - Solar, Windows, Life insurance, etc - but most of these roles will be a low salary and high commission.
          Not forgetting Chief executives, Chairmen, senior Directors, etc


          Originally Posted by thet View Post

          Yes. I am also thinking in terms of employee. See, if you have a big marketing role in the USA, or a big sales role, you can make lots and lots of money.

          In Europe, well, you can earn plenty (100k and such) but I rarely hear about the "big big bucks" (again, 100k would be a lot to me, I am talking 6 figures here what I mean with "big big bucks" for the sake of argument)

          I just wonder if the difference between the USA and Europe are really that big, or that I simply don't see it here because it's too far from my own personal network (almost like a different world I live in compared to "the rich" in Europe)
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          • Profile picture of the author savidge4
            I know more than a few software developers and the like in the UK that fit your ideals of the rich and famous. I really don't think there is that much difference between the EU and the UK specifically EXCEPT there seems to be a greater divide between the haves and have nots.
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          • Profile picture of the author thet
            Originally Posted by The Pines View Post

            I can't speak for all of Europe, but in the UK some £100k+ roles would be;
            Law - Judge, Barrister, Senior Partner
            Accountancy - Senior Partner, tax planner
            Sales - Solar, Windows, Life insurance, etc - but most of these roles will be a low salary and high commission.
            Not forgetting Chief executives, Chairmen, senior Directors, etc
            Hi. You did not read the part you quoted well. Yes, 100k is doable in Europe, I see that a lot. What I am saying is that 100k seems to be a bit the max of what an employee can earn. I am seeing different numbers in the USA, running way, way higher.
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            • Profile picture of the author The Pines
              Originally Posted by thet View Post

              Hi. You did not read the part you quoted well. Yes, 100k is doable in Europe, I see that a lot. What I am saying is that 100k seems to be a bit the max of what an employee can earn. I am seeing different numbers in the USA, running way, way higher.

              You're looking in the wrong places. The £1m+ plus salaries are out there - in The City, Big 4 accountancy firms, 'Magic Circle' law firms.


              BUT...


              These positions are NEVER advertised - they are filled through internal networks and very discreet head-hunters. Any position that quotes a salary over £100k is automatically panned by the press - the salary is always compared to that of the Prime Minister (about £160k I think). That's why you don't see the £1m+ vacancies advertised - it's too easy to draw criticism from the socialists / media / knee-jerk reactionists / Facebook morons, etc.
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            • Profile picture of the author DABK
              You see numbers being much higher because they're not for employees.

              Most employed-by-others and self-employed make $10k per month or less.

              When you see much higher numbers is that they're talking about gross or have they've moved themselves into the world of business, they have set up one or more systems that work by themselves (outsourcing grunt work, hiring an assistant, etc.). The closer what they have resembles a business (business=systems that produces sales and delivreables without the owner working in the business), the more they can make.

              Originally Posted by thet View Post

              Hi. You did not read the part you quoted well. Yes, 100k is doable in Europe, I see that a lot. What I am saying is that 100k seems to be a bit the max of what an employee can earn. I am seeing different numbers in the USA, running way, way higher.
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        • Profile picture of the author Oziboomer
          Originally Posted by thet View Post

          In Europe, well, you can earn plenty (100k and such) but I rarely hear about the "big big bucks" (again, 100k would be a lot to me, I am talking 6 figures here what I mean with "big big bucks" for the sake of argument)
          In Australia a tradesperson earns $100K.

          We had a big mining boom and basically if you were a NON drug user and had a clean driving licence you could get $150K working in the mines.

          There was such a huge lot of FIFO - Fly in Fly Out - going on, where a tradesperson - say an electrician - would fly to a remote location and they were getting $150 - 300K and that was when the AUD$ was higher than the USD.

          It has changed a little but what this situation created was a rise in local trade rates for just about anything.

          Most tradies make $100K.

          If SME business owners aren't making like 15% plus net profit then they are not worth targeting.

          Generally entry level retail employees get $20 an hour so $40K plus for 38 hour week plus 9.25% super. 17.5% loading on 4 weeks paid annual holiday , 8 days sick pay - here in Australia but that may change.

          I'd say most white collar are $80K up.

          There is a huge market here for all the partners of those left behind to look after the family.
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          • Profile picture of the author thet
            Originally Posted by Oziboomer View Post

            In Australia a tradesperson earns $100K.

            We had a big mining boom and basically if you were a NON drug user and had a clean driving licence you could get $150K working in the mines.

            There was such a huge lot of FIFO - Fly in Fly Out - going on, where a tradesperson - say an electrician - would fly to a remote location and they were getting $150 - 300K and that was when the AUD$ was higher than the USD.

            It has changed a little but what this situation created was a rise in local trade rates for just about anything.

            Most tradies make $100K.

            If SME business owners aren't making like 15% plus net profit then they are not worth targeting.

            Generally entry level retail employees get $20 an hour so $40K plus for 38 hour week plus 9.25% super. 17.5% loading on 4 weeks paid annual holiday , 8 days sick pay - here in Australia but that may change.

            I'd say most white collar are $80K up.

            There is a huge market here for all the partners of those left behind to look after the family.
            Kind of interesting to see that, no matter how hard / smart you work, the biggest pay-off as an employee will most likely be 100k. Not bad at all, but still, there is a limit for most
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        • Profile picture of the author gettingricherdaily
          Originally Posted by thet View Post

          Yes. I am also thinking in terms of employee. See, if you have a big marketing role in the USA, or a big sales role, you can make lots and lots of money.

          In Europe, well, you can earn plenty (100k and such) but I rarely hear about the "big big bucks" (again, 100k would be a lot to me, I am talking 6 figures here what I mean with "big big bucks" for the sake of argument)

          I just wonder if the difference between the USA and Europe are really that big, or that I simply don't see it here because it's too far from my own personal network (almost like a different world I live in compared to "the rich" in Europe)
          You simply do not know the right people.
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    • Profile picture of the author Reelnetwork
      Some of the western Europe can be still considered to be rich. Eastern Europe is not rich. Also when you are talking about the numbers in USA, they are indeed different. Things are getting harder by now for those who have just started offline marketing.
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  • Profile picture of the author Freebiequeen1999
    There was an interesting article posted on here about 3 brothers in Germany who "clone" big popular us sites - make some mad but the sites are popular in Europe


    I do think there would be some times when you could take a us idea and be at the forefront of it
    for instance, when Groupon started in the UK, and so forth
    Maybe approach a few trending US startups and get in on the ground floor?
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  • Profile picture of the author bizgrower
    Is reporting of annual statements for publically held companies different?
    In the USA it's very open by law and that's how you hear about big salaries, bonuses and
    stock trades....
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    • Profile picture of the author thet
      Originally Posted by bizgrower View Post

      Is reporting of annual statements for publically held companies different?
      In the USA it's very open by law and that's how you hear about big salaries, bonuses and
      stock trades....
      We have the CEO's who get paid a shit ton. But maybe the european image of the USA is wrong. All we see is Sillicon Valley, NY and the big guys. Maybe they are the 0.1% just like here in Europe.
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      • Profile picture of the author savidge4
        Originally Posted by thet View Post

        We have the CEO's who get paid a shit ton. But maybe the european image of the USA is wrong. All we say is Sillicon Valley, NY and the big guys. Maybe they are the 0.1% just like here in Europe.

        I would say that might be a fair statement. Come live in my neck of the woods and $30,000 a year is pretty decent.
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        • Profile picture of the author thet
          Originally Posted by savidge4 View Post

          I would say that might be a fair statement. Come live in my neck of the woods and $30,000 a year is pretty decent.
          30k is avarage here. 60-70k is def. upperside of the middleclass. Above that, I wouldn't say rich, but you are def. capable of living a very comfortable life.

          To be fair, with 60-70k most would be able to do just that.
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        • Profile picture of the author gettingricherdaily
          Originally Posted by savidge4 View Post

          I would say that might be a fair statement. Come live in my neck of the woods and $30,000 a year is pretty decent.
          B*S*

          Go and look at Ugg in Switzerland...commodity trading houses (look it up) many make millions there.

          You'll find lots and lots of millionaires throughout the world we are just not as big mouthed and brash as our cousins across the pond.
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  • Profile picture of the author gettingricherdaily
    big money is in the big businesses.

    Banking/finance/commodities/infastructure/property...

    Just think can you make $500,000+ per deal (often $millions+)? if yes = big money.
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  • Profile picture of the author DaniMc
    The money is everywhere - all you have to do is three simple things:

    1) Only work jobs where your compensation is tied to how good you are. Commissions, bonuses, etc...

    2) Be exceedingly good at it.

    3) Never hesitate to take an opportunity that increases your profit potential.

    The better you are, the more opportunities will come. In almost every industry, there are people making millions.
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    • Profile picture of the author sandalwood
      Originally Posted by Dan McCoy View Post

      The money is everywhere - all you have to do is three simple things:

      1) Only work jobs where your compensation is tied to how good you are. Commissions, bonuses, etc...

      2) Be exceedingly good at it.

      3) Never hesitate to take an opportunity that increases your profit potential.

      The better you are, the more opportunities will come. In almost every industry, there are people making millions.
      Read the above advice about three times and then apply it. YOU are responsible for making the big money. Never mind the position. Prepare yourself to fill that position and the money will follow.

      I have insurance agents with no college degree on my team who are making 50K a week. I don't know if you can do that in good ole Europe but if you can, do it if it is right for you.
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    • Profile picture of the author thet
      Originally Posted by Dan McCoy View Post

      The money is everywhere - all you have to do is three simple things:

      1) Only work jobs where your compensation is tied to how good you are. Commissions, bonuses, etc...

      2) Be exceedingly good at it.

      3) Never hesitate to take an opportunity that increases your profit potential.

      The better you are, the more opportunities will come. In almost every industry, there are people making millions.
      Maybe in America. I don't see it in Europe. Atleast, not in my circles. I am in the IT industry and the best performers there make about 100K a year. They drive a nice Porsche, or a great Audi. Some a Tesla. They live in beautiful homes. But, millions. No.

      Which is, again, super good money. I would be more then comfortable with half of that. I don't want to go for millions, I would need to give up to much which isn't worth it to me.
      I just don't see the million dollar deals. And I am curious if this is a continental thing. It's just personal curiousity.
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      • Profile picture of the author Andrea Rillo
        Originally Posted by thet View Post

        Maybe in America. I don't see it in Europe. Atleast, not in my circles. I am in the IT industry and the best performers there make about 100K a year. They drive a nice Porsche, or a great Audi. Some a Tesla. They live in beautiful homes. But, millions. No.

        Which is, again, super good money. I would be more then comfortable with half of that. I don't want to go for millions, I would need to give up to much which isn't worth it to me.
        I just don't see the million dollar deals. And I am curious if this is a continental thing. It's just personal curiousity.
        Thet I guess you are not considering many thing while talking about "earnings" and differences between salary in these 2 continents.
        I'm almost an I.T engineer and what can I tell from my network of I.T. engineers who already work in companies is that actually, really often, you earn much more in Germany (for example) than in the U.S.
        European states are often better than the U.S states in terms of earnings because you don't have to pay for the health system, our universities are almost free (I'm european, italian) and the cost of things related to burocracy such as lawyers and so on are much cheaper.

        Often in some european states you also get paid for going to school/university as an incentive to sticking with your personal growth.
        Plus, our universities have nothing less in terms of quality compared to the americans one. (the Polytechnic of Turin where I am has been ranked for many years in the top 100 universities in the world and I pay about 500$ a year in university tax for that. We also have a satellite around the earth floating and I have personally been in the development team of a rover which will be sent on the moon really soon).

        The difference between salaries are of about 20k-30k$ a year but you are not calculating all the benefits that staying in an european state will give you.

        If you are interested to have a general idea about I.T. employees salaries around the world you can check the stack overflow careers website :
        Stack Overflow Careers

        Andrea
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        • Profile picture of the author thet
          Originally Posted by Andrea Rillo View Post

          Thet I guess you are not considering many thing while talking about "earnings" and differences between salary in these 2 continents.
          I'm almost an I.T engineer and what can I tell from my network of I.T. engineers who already work in companies is that actually, really often, you earn much more in Germany (for example) than in the U.S.
          European states are often better than the U.S states in terms of earnings because you don't have to pay for the health system, our universities are almost free (I'm european, italian) and the cost of things related to burocracy such as lawyers and so on are much cheaper.

          Often in some european states you also get paid for going to school/university as an incentive to sticking with your personal growth.
          Plus, our universities have nothing less in terms of quality compared to the americans one. (the Polytechnic of Turin where I am has been ranked for many years in the top 100 universities in the world and I pay about 500$ a year in university tax for that. We also have a satellite around the earth floating and I have personally been in the development team of a rover which will be sent on the moon really soon).

          The difference between salaries are of about 20k-30k$ a year but you are not calculating all the benefits that staying in an european state will give you.

          If you are interested to have a general idea about I.T. employees salaries around the world you can check the stack overflow careers website :
          Stack Overflow Careers

          Andrea
          True. Engineers are making a shit ton. Perhaps it's a matter of an overcrowded market (sales people are with to many, some companies dont care about your skill-level, they rather take a mediocre cheaper one then the best salesguy) and the demand of great engineers who are very hard to find.
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          • Profile picture of the author dreamer123
            Originally Posted by thet View Post

            True. Engineers are making a shit ton. Perhaps it's a matter of an overcrowded market (sales people are with to many, some companies dont care about your skill-level, they rather take a mediocre cheaper one then the best salesguy) and the demand of great engineers who are very hard to find.
            Those types of sales companies do exist but they tend to be in the B2C arena selling low worth products with one call closes. I know plenty of salespeople who are earning 6 figures (I'm nearly there, recently been promoted to Enterprise Account Manager). I even know of a few salespeople who are earning millions.

            If you want to continue in sales (im not sure you do) just find a company that pays you a good basic and then do whatever it takes to earn lots of comission and you'll never look back.

            One thing I will say in parting is that I've worked in some pretty crap sales companies but nowhere but one place was it not possible to make extremely good money in.
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  • Profile picture of the author bizgrower
    It's one thing to talk about salary. We don't know about somebody's investments in other businesses, stocks, real estate, 401ks and other retirement funds...

    I do wonder if the USA is more open, or bragging, than other cultures. And, again
    about how our laws and SEC rules require disclosures.
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  • Profile picture of the author davidpham
    I believe the US market is better than Europe. Almost of my project what target EU and US and in US always keep better sales
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  • Profile picture of the author JaVaK
    To Make money you should do your own biz at the right place , i can help you out in that if you need some useful idea , contact me and we'll talk if you are interested and anyone else are welcome too.
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  • Profile picture of the author drschool
    Most of the time it doesn't matter which country you are in, most of the same offline methods and strategies apply. I'm in Cambodia and get a lot of offline marketing business for managing social media campaigns, website development, graphic design, app development, PPC ads, list building for clients, SEO etc...
    Of course you'll have to adapt strategies and approaches based on your location (what works in the US won't necessarily work in other countries) .
    Regardless of which area of offline marketing you decide to target, you'll need to establish yourself as an authority first. No one is going to pay big money to someone with no reputation, track-record or credibility.
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