Well, to be honest being patience and invest enough time and money is the key to get success in any online business and 7 Figure Franchise is not an exception. The problem is that first, it’s not worth $1997 at all because it only teaches you how to promote products of someone else and second, there is not any guarantee that you’ll get success if you follow training. Another negative points of 7 Figure Franchise is lack of support. If you stick on a level of training, nobody is there to help you out. You need to figure out everything by yourself which takes more of your valuable time.
in terms of pay, sure, eventually you’ll make $100k at Booz Allen, but you’ll reach that number much sooner at other firms. Booz Allen pays $50-60k to Consultants fresh out of undergrad. Year over year raises are insignificant (they cap at 3%, unless your Principal/Senior Associate goes to bat for you on market rate adjustment). Promotion raises are also nowhere near market rate. Additionally, levels below Senior Associate do not receive a performance bonus. You will likely not reach $100k at Booz Allen until 2nd Associate (see below levels).
But if you want to make money – there are things to do besides be an engineer and having been one of those that did a bachelors, medical degree and post doc before I ever had a real job – worked fine even with the loans. I was the first in my family to acheive a graduate degree, paid for it with loans, but my niche career choice I found out about during my pathology traing way down the line worked out.
Among White households, who remained near the national median, 18.3% had six figure incomes, while 28.9% had incomes exceeding $75,000. The percentages of households with incomes exceeding $100,000 and $75,000 were far below the national medians for Hispanic and African American households. Among Hispanic households, for example, only 9% had six figure incomes, and 17% had incomes exceeding $75,000. The race gap remained when considering personal income. In 2005, roughly 11% of Asian Americans and 7% of White individuals had six figure incomes, compared to 2.6% among Hispanics and 2.3% among African Americans.
If there’s one thing that all freelancers know, it is that their income is always ‘unpredictable’. Sometimes, you have work that you can’t even handle and sometimes, you are in desperate need for work. Your earnings as a freelancer depends on your time. The more time you spend, the more you will earn. This is why having recurring revenue can prove to be a significant factor of financial growth.
If you are in this camp then Glen has done an amazing post on keyword research which is a really good place for you to start. The important thing to take note of there is the last part of the article that talks about things you are passionate about. Picking a niche or keyword set based solely on the idea of making quick cash is a really good way to lose interest.
I’m 26, and I have served 6 years in the Navy. I am out, and using my GI bill at The University of Nevada Reno. I was an engineer in the navy, and I worked on potable (drinkable) water systems. My degree is going to be in Hydrology. My 6 years of solid experience and 5 years in school, I feel are going to give me one hell of a leg up in the working world. I am also a yacht captain at Lake Tahoe. One thing that is driving me is getting property in the most beautiful part of the country for my future wife.
As for my young self’s income, I’ve told a few pieces of my story in comments for other FS posts, but here is some history that aligns with the content of this post and answers a couple of Sam’s questions: I can’t remember if I made over $100k by 25 or by 26, but was a millionaire by 27 due to a mostly lucky break with tech company stock options in the Roaring 90s. The path: I graduated high school as co-valedictorian, but will call myself #2 because the other guy took harder classes so deserves the #1 spot. I started college in mechanical engineering, hated it (and esp. one evil professor), switched to international studies, liked it. I got decent grades, partied a lot to make up for a choir boy high school experience, and worked all the way through college…full time my senior year…but just sweat jobs, no internships. Paid for college myself. After college, I traveled and partied a bit more, dabbled in a few different jobs and ended up convincing a small software company to pay for a basic software testing programming course in exchange for about 6 months of service (got that through casual networking inspired by a dose of nepotism). I wrote a test script they were able to sell, so negotiated an early break and landed a test engineer contracting job at a large software company via the worst interview in the history of interviews (the recruiter had to come get me in the parking lot as I was getting in my car to leave…the hiring manager’s closing question was an incredulous “…ummm…so, why should I hire you?” which I answered by jumping to my feet with both arms in the air to yell, “Cuz I’m the best!” He laughed and told me to get lost.). After a year at that job, I did a couple other tech contracting gigs, then converted to a full time gig with a pay cut for a junior mgmt job in exchange for lots of stock…which split 4 times in 12 months, thus the millionaire thing at 27. I lost 75% of that money via bad (a.k.a. zero) investment mgmt by 29, but had a fantastic time bouncing around the world adventuring and doing a little non-technology work (including teaching English in a Mexican university and training teachers in Los Angeles, both of which I liked). I eventually got married and went back to madam technology, but as I hinted above, this old whore (hey, “44” rhymes with “whore”..whaddyaknow..I’ll remember that for my birthday next week ;-)) has about run out of energy or interest for working the corporate red light district. I’ve created some other income streams, but want more of that before I leave tech and spend more time the way I now want to. This site is good inspiration for that.
Well I really understand everything that is being stated and I do agree with the majority of the Arrticle. Although I am 25 years old and I didnt even go to middle school and let alone grad uate highschool and went to college for an art historian as it is a passion of mine. I became a single mother and had to discontinue studdies. Now I had a hard start in life and made poor decisions when I was young , taking my lessons and downfalls with pride and perserverence, my life exscperiences have transformed me into a hard working determined woman. I now have two children and can easily make 200,000.00 a year if I would like to and will when my children are older. Right now I make anywere from 50,000 to 100,000 working hard for 4 to 6 month and then make about 4000 to 5000 a month the other half of the year now I work at the most 45 hrs a week and not very often my fiance is just now starting to return to work as he doesn’t need to he would like to !!!!! When you set your mind to making a great life for yourself and your family you will do it yes education is important and I wish I had made other decisions , With that being said my past does not define my intellect my drive nor my capabilities to find financial freedom and be successful I just keep always wanting and giving more!!
My grades were terrible in high school. I did better in college. I still graduated debt-free, and made very little money the first few years in business. With positive mental attitude and a game plan in place, I was able become debt-free by 35, and my income is very good for my age. Now that I’m debt-free, I’ve been able to save for retirement (what I should have done first).
I eventually learned the best model (for me) was to copy what Yoast did… charge a flat free for SEO Audits. People were always super happy with my audits. I still have my SEO audit templates (one for local SEO, national SEO, etc). Sometimes it would only take me 4 hours to write an audit and I would get $750, sometimes more if they wanted a more thorough audit. Maybe I undercharged?
“Ultimate” is right! Thank you for this thorough and thought-provoking post. I have yet to venture into affiliate marketing; I’m standing in the doorway, thinking of how to connect my interests and knowledge to an appropriate product. I feel I’ve read plenty to get me started once I have a product, but this is the hardest part, isn’t it? I have just subscribed to Blog Tyrant and will continue to follow Viper Chill — I just want to put all this information to work, and soon!
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The one thing that is amazing to me is government jobs. You talk about effort required…let me just say that it isn’t always required to land a government gig. My neighbor does logistics for the army…she said it is mindless work, quite boring, and now that the wars are winding down, there isn’t much going on. She makes well over 6 figures for her job. She hired in at 75k. Her previous experience before getting hired? American Eagle…
There are only 3 kind of people in line for 6 , 7, or 8+ and while articles like this spark interest and get responses, they quickly show that they aren’t really making this kind of money . If they were, they would have a way for others to join them, would respond to the questions/inquiries posted right below their post comment. These people are not doing what they claim.
Interesting article and dialogue. I went to a lower end UC, and graduated in Political Science, a major which doesnt pay right away. I instead got into direct sales for a cable company and made 130k my first year out of college by selling cable door to door. I made even more the second year. Been there for fooir years now – earning 100k-150k but dont see it going mucb higher. Not sure what to do to hit that next level. Toying with the idea of going ack for my MBA to take that next leap of faith but its hard to leave my income and incure a 100k debt for a goood business school. I agree, being motivated, working hard, being positive, not being a hard partier- but a hRd worker has helped me reach that sox figure mark. Thanks for the article.
As oil truly runs out, I believe economics will spur investment into alternative energy rather than politicians or environmentalists. As much as people may hate Big Oil, they are the ones best positioned to start the process. They will have the capital from record oil profits. They already have all the engineers and R&D on staff. Most of all, implementing gigantic capital projects has been their bread and butter. Sorry, this is probably more than you asked for.
When I was in college, I studied math and chemistry. I did well in Chemistry until I got to the laboratory. Then I started blowing things up on accident and realized I had no career in it. I continued with math. As math got harder, I decided to take “easy” economics and international affairs courses (to blow off steam). I had a knack for getting As in both. One day, I had a conversation with a classmate and my girlfriend at the time. To paraphrase, they said I was great at IR and could have a stellar career in it. So, it gave me an ego boost as well as an improved GPA:
I also worked my ass off during high school, went to a public university with enough AP credit to graduate in three years with an English degree (gasp!) then received a Master’s in journalism (double gasp!) that costed next to nothing, because I moved back home with my parents and didn’t have to divulge their income on the FAFSA for a graduate degree. I went into tech marketing and was making six figures by the time I was 25.
Of course it’s up to you whether you keep the classical musician in the list of high paying industry. I just took the time to explain because I wanted to let an influential person like you know the reality of those $100k symphony musicians on strike. I can say this with confidence, though. If someone is looking to make six figures, classical music industry is the last place to consider getting in unless you have already started practicing at age 5! :)
* My closely-guarded, multi-million dollar launch strategy which has hundreds of affiliates begging you to promote. (I have this down. My biggest launch, back in 2008, did $1.9M in a week. Every one of my past 7 launches has got #1 Bestseller and Product of the Day status on JVZoo and I have multiple products in the Top 50 products of all-time on JVZoo).
I would counter and say not to get a petroleum engineering degree but rather a mechanical or chemical degree and find a job in the O&G industry. Petroleum degrees limit you to a specific industry and from what I’ve heard (I’m in the industry) many companies are now leaning towards those with mechanical or chemical degrees over the once popular petroleum degrees. Further when the industry hits a down turn like we’re currently in, those with the more general engineering degree will have a better shot at finding work in other industries.
Only about 20 percent of American households even break the six-figure mark, according to Census Bureau data. But while many Americans still see that number as a prized income, it doesn’t necessarily roll out the red carpet anymore. Due to the rising costs of food, energy, college tuition, health insurance and the growing “necessities” of a middle-class life, a $100,000 salary in some parts of the country covers little more than the essentials.
A correlation has been shown between increases in income and increases in worker satisfaction. Increasing worker satisfaction, however, is not solely a result of the increase in income: workers in more complex and higher level occupations tend to have attained higher levels of education and thus are more likely to have a greater degree of autonomy in the workplace. Additionally, higher level workers with advanced degrees are hired to share their personal knowledge, to conceptualize, and to consult. Higher-level workers typically suffer less job alienation and reap not only external benefits in terms of income from their jobs, but also enjoy high levels of intrinsic motivation and satisfaction.
Hello I just stumbled across your blog and I needed some advice, which is greatly appreciated. I graduated with a degree in accounting with a B average, got fired as a trainee after 4 months out. Decided to try my hand at med. Did a few courses did a little better. decided to go back to accounting and could not for the life of me a get a job, not even at the small firms. Finally got another accounting job 3 years after graduation, which i also got canned from. Then again tried to go back in to accounting cannot get a job. I am now almost 30 working a crap job and i really don’t know what to do. I want to go into IT possibly cyber security; I am thinking fuck it maybe nursing; or maybe a diploma program as an electrical engineer technologist . Part of the reason I can’t get a job in accounting because I have a shit reputation with my peers and the city I live in. Long story short I was a bit of a hot head in college and did not take shit from anyone. Great at making enemies not so could at making friends. I figure if I do IT I will stick with accounting as well if I can get my CPA that would make me valuable. But with this linkedin environment I am afraid my reputation will deny my opportunity in the IT field. I just don’t want to be in this position. i want more but I don’t want to make any mistakes. I really don’t know what to do or what strategy would be best. At the end of the day I want to provide for the people I care about. I have crap reputation and I think starting over is the best route, I can do IT + accounting; healthcare; electrical engineering. Any advice would be greatly appreciated.
The one section I found really useful was the monetizing section where the authors explain all about choosing the right ads, affiliate programs and other revenue streams. While I'm sure there's more complete info on this (it could be worth an entire book), it was a good introduction and gave me guidelines if I ever have to do something like this myself.
Upper middle class (15%) Highly-educated (often with graduate degrees), most commonly salaried, professionals and middle management with large work autonomy. Upper middle class (15%) Highly-educated (often with graduate degrees) professionals & managers with household incomes varying from the high 5-figure range to commonly above $100,000. The rich (5%) Households with net worth of $1 million or more; largely in the form of home equity. Generally have college degrees.
Hi Sam, I’m new to your site and getting so much out of it. You mentioned you got your MBA for cheap or free–have you already written a post on it? I may not have gotten to your post yet, but I’m preparing for the GMAT and application process next month and need help figuring out how to get my MBA for cheap or free too. Can I ask how you did it? Any pointers please? Thanks!
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I just want to point out that all though it is fantastic to go to college & to have great grades, innovative thinking & motivation can land you an awesome job. I graduated HS top of my class & went to a small private college for 2 years. I only have an AA degree (nothing to brag about though I always earned As). I decided to get married at 19 (I know, right?!) but when I was staying at home with the kids, I started my own real estate business & started making a 6 figure income within 3 years. I have doubled that within the past year & rake in over $300K per year working from home. I sell around 200 properties a year. I just hit 30 & make over $300K per year & started making 6 figures at only 28. I’m sitting pretty with a high paying job where I am in control of my own destiny. Work ethic & seeing an opportunity & knowing how to seize it is how I got there. With that said, I do value education & will likely go back to get a degree someday just so I can say I have one. For now though, I will focus on my $300K+ per year income & know that I made this for myself.
I DID invest in the 7-Figure Franchise because I gleaned so much from Cheney’s products. In fact, his training helped me steer clear of OTHER junk peddled on the web. So, it made sense that when I was asked what helped me, I recommended some of his products. When 7-Figure Franchise came along, of course, I realized, “why NOT make 100% on the stuff I’m already suggesting to others? Just drive more traffic.” Well, that last part is easier said than done: getting traffic.