After I get my money up, I'm thinking of creating a new venture called...
"#1 Services and Products."
I'm hoping it will be my Mona Lisa.
"#1 Services and Products."
I'm hoping it will be my Mona Lisa.
What's next when you find success in IM?
- Thread starter NeemaF
- Start date
i bought real estate, blue chip stocks for long holds, just invested in a real estate (rental) company, invested in a hemp farm (in ecuador), and starting a bottled water company (in ecuador)....
notice no where did i say i bought a fancy car or bottles of alcohol - i've also traveled a lot but these things are not investments - these are things you do when your money is generating more money for you
notice no where did i say i bought a fancy car or bottles of alcohol - i've also traveled a lot but these things are not investments - these are things you do when your money is generating more money for you
Depending on your goals in life there are several things you can do.
Option 1: Save 80-90% of everything you make with the goal of retiring very soon (or semi retiring) and living the rest of your life doing fun things. For instance according to this retirement calculator, if you are making $1,000/day and are willing to live off of $50,000/yr for the rest of your life, you can retire in under five years.
Option 2: Reinvest 80-90% of everything you make into a real long term business. That could be an online business, real estate, or just about anything that has long term staying power. Although affiliate marketing campaigns can make a lot of money, you need something more long term. Then when your real business is making you a lot of money you can start comfortably living luxuriously.
Option 3: Live large right now. Buy and crash a used Audi R8. Buy expensive designer clothes, and anything else that lets you make #rkoi posts to help feed your ego. However don't buy any non-depreciating assets like a house. You'll likely end up broke in 5 years when whatever you are doing fizzles out. You'll also possibly end up as the laughing stock of WickedFire when you get sued and have a fake attorney representing you because you can't afford a real one.
I chose the second option, but it really depends on what your goals are.
Option 1: Save 80-90% of everything you make with the goal of retiring very soon (or semi retiring) and living the rest of your life doing fun things. For instance according to this retirement calculator, if you are making $1,000/day and are willing to live off of $50,000/yr for the rest of your life, you can retire in under five years.
Option 2: Reinvest 80-90% of everything you make into a real long term business. That could be an online business, real estate, or just about anything that has long term staying power. Although affiliate marketing campaigns can make a lot of money, you need something more long term. Then when your real business is making you a lot of money you can start comfortably living luxuriously.
Option 3: Live large right now. Buy and crash a used Audi R8. Buy expensive designer clothes, and anything else that lets you make #rkoi posts to help feed your ego. However don't buy any non-depreciating assets like a house. You'll likely end up broke in 5 years when whatever you are doing fizzles out. You'll also possibly end up as the laughing stock of WickedFire when you get sued and have a fake attorney representing you because you can't afford a real one.
I chose the second option, but it really depends on what your goals are.
I put it all in real estate.....and my kids' private school. Too many ups and downs with IM so I'll just keep building up my rental properties until I don't "need" the online income and then it'll just be a nice bonus.
[ame=http://www.youtube.com/watch?v=HrXTVFx8DXs&]Ric Flair 1988 wrestling interview - YouTube[/ame]
when someone will pay you 2500 a day to rent your fancy car that you can depreciate its not so bad...
vroom vroom
I'm not doing this for the sake of doing it. The path is the destination, sure. I'm enjoying the ride. But that's not why I'm doing it.
Money to me is a means to other things, such as freedom of time, freedom of experience, freedom of stress, the ability to provide these things for others, etc.
How do you keep the money flowing? Keep busting ass or start up a legit business. Hopefully you aren't just doing shitty PPC campaigns. I'd hope you're building real properties as well that function as real businesses. There's less to sweat there and you can even have a giant liquidation event at the end and cash out large. Or you can start an offline business.
But once you're ready to retire... if you can't answer these questions for yourself, you've got some serious soul-searching to do. It doesn't take much insight to realize what you'd do if you didn't have to do anything. Don't avoid facing these questions or you'll be one of those old farts who retires and dies 3 days later because he just gives up the ghost because his life had no meaning anyways.
Money to me is a means to other things, such as freedom of time, freedom of experience, freedom of stress, the ability to provide these things for others, etc.
How do you keep the money flowing? Keep busting ass or start up a legit business. Hopefully you aren't just doing shitty PPC campaigns. I'd hope you're building real properties as well that function as real businesses. There's less to sweat there and you can even have a giant liquidation event at the end and cash out large. Or you can start an offline business.
But once you're ready to retire... if you can't answer these questions for yourself, you've got some serious soul-searching to do. It doesn't take much insight to realize what you'd do if you didn't have to do anything. Don't avoid facing these questions or you'll be one of those old farts who retires and dies 3 days later because he just gives up the ghost because his life had no meaning anyways.
The next step when you found success in IM is to never lose momentum keep a consistent pace. You must have a god grip on what you have, success is hard to regain once things start to fall apart. If possible, make it point to just spend 30 percent of what you are earning, if you are already earning a big chunk of money so you'll have reserves and a back up fund.
Success is not a goal or vision, success is simply doing things the right way.
There is not "once you find success in IM..." What the fuck is that suppose to mean? Once you learn HTML? Or maybe once you learn to write great copy? Or maybe once you know how to produce high CTR creatives? I know what you are thinking about because these were my thought as well (and probably of many others). Forget about it.
But if you really want that red button there are plenty of "systems" (who knows what that means...) that will take you for for a nice ride.
There is not "once you find success in IM..." What the fuck is that suppose to mean? Once you learn HTML? Or maybe once you learn to write great copy? Or maybe once you know how to produce high CTR creatives? I know what you are thinking about because these were my thought as well (and probably of many others). Forget about it.
But if you really want that red button there are plenty of "systems" (who knows what that means...) that will take you for for a nice ride.
I was making about 1k/day back in 2012. Funny thing is, I was pretty depressed at the time. I didn't know why then, but I think now I know that it's because I had realized that money means nothing and unfortunately it had been all that I was thinking about... BEFORE I was making it. Then I kinda realized how stupid it is. Kind of made me change my life goals.
Fortunately the business died in the hands of the Congress and I was back in the world of mortals.
Fortunately the business died in the hands of the Congress and I was back in the world of mortals.
I don't know why no one mentioned it but $1k day? In this business $1k/day is a good start... but nowhere close to endgoal. Think about it at $1k you'll need to consistently be making that for 3 years to get $1mil - that's if you don't spend a dime of it. Personally i don't consider that "success" or any milestone that'd indicate I can move on. Just grind harder, get some real cash, and when you're there you'll know what to do with it trust me.
It's a mindset problem.
Affiliate marketing is often (for the most part) just an extremely well paid job, with the illusion of working for yourself. The people making the real money are the guys who run the offers, and take a cut from the X affiliates they have on board.
Expand your horizons beyond IM. Start a business with someone who has traditional experience (e.g. in the manufacturing industry) and use content marketing to take the product to market. There's tons of old industries out there where all you need to do is invest in some marketing automation software, start blogging a few times a week, build a few links, write a few eGuides & develop a few brochures. You'll pick up a ton of leads. 7 figure leads.
Last week I met with a company that's a value added reseller for an expensive (7 figure) system installed in factories & warehouses. They make a lot on each system they sell -- they're effectively a sales organisation. There's tons of opps out there just like that, where they can sell expensive systems, but don't have a route to market. All they know is sales.
A lot of skill in AM is misspent trying to compete on the most competitive terms on the net -- the standard: health, wealth, etc stuff that everyone jumps into. Think out of the box and find unsexy B2B industries where you won't be competing against hundreds of other IM's.
You'll soon stop measuring your income in $k/day, and start thinking like an owner.
so you're telling me you can make money without breaking facebook TOS and using fake celebrity doctor endorsements...
I don't believe it