There are plenty of different avenues you can take to breach that magical six figure mark. Doctors and lawyers routinely make multiple six figures. Longshoremen (dockworker) average $120,000 a year as we discovered during the Oakland longshoremen strike in 2001 and 2015. After 20 years on the police force and fire department, the majority of our brave men and women make $100,000+. Not only that, their capitalized pensions are worth millions!
We live in a modest 3 bed 2 bath house that is about 1,300 square feet. I drive a Toyota Prius that I bought in 2013 for $24,000 which I paid off in early 2015. My wife drives a Subaru Forester which we bought for about $25,000 and will have it paid off in less than 2 years from now. My point is, we know better than to spend our money on luxuries at this early stage in our financial careers. If we invest all of this excess now, how much better off will we be 15 years from now when we are in our early 40’s?
Also at this stage, I’m not collecting E-mails. How do you think I should approach this? I’ve got a sidebar and I was thinking of using OptinSkin on the sidebar and also at the bottom of my posts but I’m worried my posts don’t get visited as often as the homepage and review pages. Do you think I should add a form to those specific pages as those are my pitch pages promoting the affiliate products? Would definitely get more subscribers that way but I’m worried I’ll lead them away from the sale.
Why you should trust me? Well, just take a look at my background in reviewing online services and how I helped many people to stay away from hundreds of scams that are waiting for you out there. 7 Figure Franchise is a product made by Michael Cheney. This is not the first time that I’m reviewing a product from Michael Cheney and that’s why I’m familiar with the type of product he’s making.
I sometimes question choosing a career that was safe and paid well over chasing my passions. In a way, it comes down to passions now or passions later. If you earn big and save you can FIRE and the start your passion work then. Or you can be working on your (presumably lower paying) passions all along and wait until a more traditional age to retire.
I really liked this article. I found it full of good information. I would like some advice from FS as I definitely fit into one of these categories. I have a B.S. from a good university and I have a good job in the medical field making $45k right now with the posibility of 1-5% raises every year. I know I am capable of doing and earning more. I made A’s, B’s, and C’s as a college student without really trying. I’ve considered getting a masters in buisness, but I don’t have a clear vision of what I would do with that. I can’t afford to waste time or money on a second degree if it isn’t going to earn me substantially more money. I have a wife and daughter and work full time. I am constantly looking for ways to make more money. Do you have any advice for me? Thank you.
I have two teens and I cleared $17k (not a typo Seventeen Thousand) last year. How? I joined the Army after high school. Went to war ’91. Got out of the Army. Went to college (took wrong major). Dropped out of college after my daughter was born. Went to work in sales in telecom. They burnt me out in 2 years. Most I ever made was $63k. The reason I tell you this is there is much, much more diversity in the world than just about the money. I don’t despise anyone making a lot of money, anything to distance yourself from the grasp of hunger poverty is good !
Jason – so happy to hear the tutorial is helping! Affiliate marketing was a huge break for me and I’m sure it can be for your son too. Whatever products/services he ends up selling, just make sure he is excited about the industry he is – it takes a long of time creating content and it will keep him motivated especially when he gets his first sales.
Amazing and thorough breakdown of how it all works! Thank you so much for sharing! a group of 3 friends myself + 2 are about to start affiliate marketing together. Since many advertising rules have changed with affiliate marketing (facebook ads etc.) and many articles have not been updated since, weʻd love any advice or suggestions you have for 2018!
Thanks for the tips, Tiffany! It was very helpful. I just started my blog about a month ago and just signed up for Shareasale. I do have a further question. Do you know what blog post on Shareasale’s blog, gives me the best information in getting started and what I need to do? I am finding it hard to navigate my way through and really get an idea of the best way to start. It’s all quite overwhelming. Or is there a post that you have to guide me better?
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Yes, people who perform on stage look like a big group of people and they have union. Perhaps when you read the article about the strike you were surprised to know symphony players earn six figure salary, but only about 1% gets to play in the 100k+ salary orchestra from top music schools (Juilliard, Curtis, NEC, etc). I am a lucky few who plays in a major orchestra with 100k+ pay, but I spent my 20s practicing everyday earning $10k-$20k until I finally won the audition at age 30. (33 now) In order to be competitive in auditions, I own (parents and grandparents paid) an instrument that costs $300k. Most of the straight A students from top music school I know now earn below $50k. As a music student, it is a big success if one wins an orchestral job with $50k salary. Many try to teach and freelance at a $5k orchestra job to scrape by.
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In your opinion what college degrees and respective careers are most likely to help me accomplish this financial goal? For example, I was once advised that a BS/MS in electrical or computer engineering paired with an MBA was one of the safest routes to a high-paying career (meaning you don’t have to rely on working for a specific company or in a specific area). Would you agree with this, or do you have other thoughts and ideas on the subject?
I am currently 24 and have above a 100k salary, but fall within the category of a financier. I work at a company that invests debt and equity into medium sized businesses. I also invest in equities on the side while managing my blog. I think I followed the post well, other than the fact that I didn’t go into engineering. I had to work very hard, get very good grades and develop my analysis skills to get where I am today. I love reading sites like this to continue to learn ways to boost my income and to hear from other like-minded individuals!
First of all, Thanks @Alexis Grant to share this post with us… Well it’s true, if you have enough visitors to start in Affiliate program, you should go for it, You need to monetizing your blog according to your visitors interests.I am using amazon to promote affiliate links in some of my blogs and it’s a clear winner I must say, I am getting more than 5000 unique visitors daily and averagely earns upto 3,00,000(around 4500 $) per month… I would say go for it 🙂 🙂
I think you might of misunderstood me I am not looking to promote my page, it is just a hobby really that grew quickly due to the need. I do this while I finish my degree in HR. I am looking to make money off of posting other people’s things on my page. Not to boost my page I have about 6k active users. I’m looking to sign up to affiliate programs.
I was researching affiliate programs because I own a small business and we are getting ready to do an event I wanted a few blogger to blog about and I came across this article. It was not quite what I needed but I was intrigued enough to read to the end. I do want to say the best part I found about this article is that you took the time to respond to everyone that left a comment, even for this article that was done over a year ago. I just want to say great job and I wish you the most continued success.
The Patent Office is an ideal place to work for engineers looking to start a side gig. I went to law school instead (poor choice maybe, but I wasn’t reading your blog back then). Depending on the economy, the Patent Office pays for law school as well. They didn’t pay when I was there during the recession, but because the salary is good I was able to go to a top IP law school (George Washington) with only $30k in loans, which I paid off within a year of graduating.
I am age 34 , working as an accountant with annual income 85k per annum, due to monthly commitment on properties & car, left 1k for saving each month. May i know is there a better way to maximize my current reserves to 200k per annum as per your article? i’m happy to have at least 10k passive income every month without working soon as i’m planning to have kids and looking forward to enjoy the lovely time seeing them grow up without a job constraint
Hi Jennifer, you could target people in the “get a better job” space. This is the prime market for your offer. There are plenty of high-authority blogs out there in this niche and if you can partner with some influencers, you can see some amazing results. That said, it’s not as easy a 123. Your affiliate offer needs to be amazing. Your website should be beautiful, and your need to have a strategy for reaching out to these people in your industry. You can’t just send them an email and expect them to sign up to your affiliate program.
Michael Cheney is a very creative presenter, I give him that. He used expressions like “golden dropzone,” “choose your weapon,” “select your target,” ”set your battle tactics,” “fire at will” and so on as the captions for his training modules. But what he taught in his Commission Black Ops doesn’t qualify for the “the greatest commission-creating tactic known to man” as he put it on his sales page. If you doubt it read on and see for yourself.
Another problem that I see with Internet marketing in general is that ther are always too many bonuses attached to the product. I wonder if those bonuses are really better than the product itself? Imagine going into Wal-Mart and at the checkout line before you pay for your stuff, the casheer starts spouting off all of the bonuses and offers that you could get before you even purchased that product? Can you imagine how much time that would take? And all yo wanted to do was just purchase a bag of Oreos.