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. After 20 years at the Federal government, police force, and fire department, the majority of workers all make $100,000+. Not only that, their capitalized pensions are worth millions!
If you are interested in a way of making an 8 figure income I would be happy to speak with you. If you are coachable it is entirely possible. And with our team, those at the highest pay scale have gotten to the final promotion within four years. I am currently interested in growing a team in Taiwan, Poland and Australia and continuing to grow in North America.
I say invent yourself into a six figure income. I spent (wasted) 20 years building a professional appraisal firm only to watch hundreds of banking clients disappear into thin air with the advent of 2009’s HVCC legislation. I fired everyone once the business once the industry was transformed into nonprofit work. I spent the next couple of years searching for the next best thing and came to one conclusion. Adobe Software is an incredible bargain for anyone wishing to start their own business. As an appraiser I spent thousands of dollars each year on software updates, MLS fees, E & O insurance, gas, office space, etc. With Adobe’s cloud system you can lease every software item in their arsenal for $50 per month, meaning you could create publications, videos, web designs, and so much more for $600 per year. That’s roughly 1/50th of my annual expenses in the appraisal business. In the appraisal business you craft and sell your work one piece at a time…much like a custom furniture maker. With Adobe you could easily create one video and sell it 100,000 times.
The only other valuable skill I had was dealing with spreadsheets. After getting my first spreadsheet job (9 interviews), I picked up a VBA manual on my bosses desk and read it through. I then ended up picking up more and more technology skills and ended up as a software engineer. Partially, the passion came from the fact that you could model mathematical reasoning so well in programming, which was a pleasant surprise (esp given I’d never programmed).
I would have one partner create a separate page/contact form specifically for the advertiser – so only people who see that contact form are people who were referred to by the advertiser. The advertiser would use that page as their outbound link. I know you can track outbound clicks in Google Analytics events and Contact Form conversions (usually through most contact form plugins) but that is the best way I think. Never done it, but this is how I see most affiliate programs like that work.
Plan to work til your able like 78. My dad finally wants to go part time at 90 years of age. He quit his CEO job and traded that job in for treasurer for a small company. He plans to work and save his money until 94. Nursing homes cost and so do CNA’s if you cannot walk, dress or take a bath. My mom took her meds until she was 89 and then 200,000 dollars was spent for 5 years to take care of her. It is probably double plus by 2016.
Hello, Dawn, Your blog is beautiful! I started my beauty & lifestyle blog in March of this year so it’s going on8 months old now and I am really struggling to get traffic. I devote all my time to writing content and posting on Social Media but I just fell like I am doing something wrong.How long were you blogging before you started seeing your viewers go up and do you recommend any programs that you have or that you suggest are a must have. I can’t afford any $997 courses as of now but at tax time I would be willing to pay about $197if I know it’s gonna truly help me. Congrats on your success!
Hey guys. Great post with detailed, actionable content. I would like to add my ‘2 cents’ if that’s ok. You are absolutely right with offering a ‘free gift’ in exchange for someone’s name and email address but I have found short reports have worked best for me. If you give away too much information for free they don’t tend to get consumed so the trust isn’t built with your subscriber. Your free gift is the first point of contact with your prospect so it’s unlikely they will read an entire ebook but if you give them a short report which they are able to consume in about 20 mins and they get tremendous value from they are more likely to listen to you in the future and buy your recommendations. A big mistake i see a lot of affiliates make is the content they use for their free giveaway. They think just because it’s given away for free that they can just throw together some PLR material and use that. Unfortunately that doesn’t cut it these days and will damage your relationship with your prospect rather than strengthen it. The best way is to carry out some research in your marketplace and see what pains and frustrations your prospects have and create your free giveaway around that.
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.
I agree a persons entry level career potential really does start in 9th grade as they try to rise to the top of their class. But as John mentioned in his article, after a few years your work performance and aptitude is the largest factor in determining future salary, not someone’s educational background. A degree gets you a job. Your experience and performance get you to be the high income earner though.
It seems like you no longer want to work so much and are trying to break free ASAP in your mid-to-late 20s? Is this true? If so, why do you think you burned out so quickly from petro engineering, especially if it only takes you 40 hours a week? 40 hours a week is a walk in the park in comparison to banking, consulting, law, medical etc. Why not just work as a petro engineer for longer?
I believe a far more effective way to monetize your website is by offering consulting or other services, and/or selling digital products. In fact, that’s how I monetized AlexisGrant.com, where I only see between 13,000-16,000 unique visitors each month. (See my ebooks here.) Once you have a significant amount of traffic — I’d say at least 10,000 unique visitors a month — you can also add direct-buy advertising to the pile.
I would say that I’ve only made 10-20k from stocks. Most of my money was from pure saving and aggressively working as much as I could. I’ve tried to limit my portfolio exposure to protect capital to ensure I can buy real estate. The real estate is now giving out over 10% returns and seems very low risk. I think I will continue this strategy. Lots of easy money to still be made from the day job and real estate :)! The market has me spooked as well! For me it’s all about cash flow to grow that income!
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Oddly enough, here I am building up this one site with recommended products and WAS going to find a picture of Michael Cheney and somehow I ran right into this article at the top of Google. Even though it gave me chills to read it, “oh, maaaan, there probably went $2k out the window” because what you said rang so true, I had to take the journalist’s point of view and pull it back around to some other things I realized instantly.