I have spent the last 4 years doing B2B business development for a small electronics engineering & manufacturing firm. I am going to break 100k this year, but it has been a struggle given that my products are commodities essentially and my engineers won’t tackle anything too difficult (lucrative) unless I put up a massive fit or try figuring it out myself. My company treats me very well, nice office, great boss, flexible hours etc.. but I sometimes wonder what greener pastures may exist for me in the future. At the last small company I worked for there were three sales managers making 200-400k, but they were all in their 60s, 70s(yep), or the son of the owner. I would like a faster track to higher pay. By the way I live in Chicago, I’m in my early 30s, and I have an MBA(although not top 15). I think that education is extremely important, but in sales it is very much my impression that it is all about experience and results.
The opportunities for advancement with higher pay or fewer but if you were to go into a management role those guys pull down almost 200k. There is the negative/benefit of the schedule, you normally work a 7/7, 14/14, or a 28/28(overseas with crazy earning potential) where you work as many days as you’re off. When you’re working you’re not spending any money on living expenses and when you’re off you have the opportunity to pursue a side hustle.
That is a good point. Unfortunately some people don’t “know how to be rich”. A financially literate person(Warren Buffet, Carl Icahn, Bill Gates, etc.) can turn $1 million into $1 billion by living within their means and only spending substantial amounts on productive assets, whereas others will blow it on anything they see and end up more in debt than they started(think MC Hammer.)
I am on this guys email list and the only reason is that despite his over hyped products (and they are over hyped I bought one and was really disappointed), the emails are quite entertaining. You know how you can tell some of his products don’t work? he has a course on creating highly engaging Facebook fan pages and yet his fan page is completely dead!!! lmao. And these are the types of products you get to promote if you purchase the 7 figure franchise.
I am a highschool student with some questions. First of all I wanted to know the importance of volunteer work for getting into a high end school (I currently have straight A’s as well.) Second are AP classes beneficial even if a college I would like to go to doesn’t accept them. And lastly I am interested in being a Petroleum Engineer so any info you have on that field of work would be cool. Great article by the way!
I make six figures and have for a long time. It is nice but in retrospect not as important as I once thought. It is simply a number. I admire you for following your passion. Unfortunately income and passion often intersect and you need to choose one or the other. I think we all try to straddle that path for a while but eventually it seems that we often have to choose.
Set your price. Usually, websites sell for 3-5 times the yearly revenue. So if you had a blog for six months that made $30,000 in those six months, your yearly revenue would be about $60,000. You could then sell your site for $180,000 or more depending on your buyer. Bigger companies are most likely to spend larger amounts of money on a website than small companies are.
* 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).
Ha! I not only lost 75% of it, I lost it in 3 weeks while wandering around in the Nepalese Himalayas…found out it was gone when I stumbled into an internet cafe after getting out of the mountains. I’d just had some perspective-altering experiences, including a night of protection from the Nepalese army while I watched Maoists firebomb a mountain town I’d just passed through…and an earlier surreal moment when I had to step over the dead bodies of a mother and child in India so I could get cash from a Citibank cash machine. At the exact moment my account came up in that Nepalese cafe and I blinked twice to make sure that small number was right, I heard bells ringing from outside the screenless window to my left. I looked over at an old man slumped down in the seat of his wooden cart absently flicking a donkey’s ass (is that redundant?) to keep them rolling down the dirt street. The cart passed malnourished children standing under prayer flags, snot running from their nostrils to their mouths, ignored, as usual. I turned back to my screen and laughed – sold most of what was left, logged off and got something to eat. That was the year 2000.
This is brilliant. A really in depth a thorough post. It has to be all about the content and delivery. Plus natural soft-pitching is so much better to me than a soandsoreview.com site. Blogs are becoming a highly valued tool for marketers and more and more people nowadays are getting their wallets out from review or guide posts that they read on blogs.
Fast forward until junior year of high school and I got a job doing an engineering internship at a prestigious national internship. I believe I made ~11-12 an hour @ 17. That summer I made about 7700, So now I’m entering HS with about 23-25k in cash. Now senior year starts and I get a raise to 13ish (woot woot). I work 32 hours a week because I’m really far ahead on my credits, and do night school and sports to allow me to work a ton. In that year I make around 13k. That puts me just under 40k going into the summer. By the end of the summer as I start undergrad in engineering I have 40-45k + 5-10k in assets between my car, and some other hard assets. 18 years old – NW ~ 45-55k.
Great post! I took a similar route only with Mining engineering. One thing I didn’t see mentioned is the aid available for these type of programs (less recently). When I started school companies would sponsor a full YEAR of tuition with the stipulation you graduate within the mining program, and you didn’t have to work for that company (scholarships booyah!!) These industries have a huge age gap with the majority of senior engineers retiring or recently retired. Can you say desperate? While I do still work for the man, at least I get to play with huge machines and blow s*** up!
Salary.com's entry level jobs cover recent college grad jobs, first entry level jobs, some associate degree level jobs, high school graduate level jobs. Entry level positions may require no experience. An entry level cover letter, and entry level resume are usually required to obtain entry level positions. Entry level job searches can sometimes even surpass the recent college graduate job level.
While no one is asking us to starve (we’re not artists, for Pete’s sake), popular culture seems to support the notion that teachers can and should live on meager earnings. Take Matilda. You know, the Roald Dahl book you haven’t read since third grade. The teacher in the book who Matilda absolutely loves spends her days eating bread and butter because of her pittance of a salary. It’s a heartwarming tale of dedication.
For example, Darren Rowse on DPS has a lot of photographers taking excellent photos with Canon and Nikon SLR cameras and then mentioning those cameras in their posts and/or tutorials. Although he might not directly sell or pitch those cameras, he would be making an absolute fortune from people who get inspired to purchase after seeing what gets produced.
I come from a quite unsuccessful background of web design/SEO. I blogged because I knew it was good for SEO, but my articles never had a purpose regarding monetization. I finally took a leap of faith and dropped my clients to figure out blogging/affiliate marketing. I was good at website speed optimization and knew hosting was the #1 factor. Looking for the best, I saw SiteGround was rated #1 in multiple Facebook polls and had a great reputation with generous affiliate commissions. So I wrote detailed tutorials on website speed… how to configure WordPress cache plugins, hosting reviews, and other speed-related topics. Usually near the end of a post I would say “Oh, and here’s why you should switch to SiteGround” with evidence on why they’re the best… Facebook polls, Tweets, load time improvements, etc. That’s when things got good. I’ve been broke my whole life and it’s my calling to show people how do this.
I have been a cop for 5 years and have two kids, a wife and mortgage. I like what I do but lately I have been thinking of a career switch to make more money. I majored in criminal justice in collage. I don’t know if I could afford to go back to school with a family to support, however I want to be able to provide more for my family. What would you suggest?
Marrying for money always works. Furthermore, you can start your own business or work two jobs. Making an online income seems particularly trendy nowadays. Join the federal government and rake it in after a while too! Nothing is stopping you from breaching the magical $100,000 a year mark except for your own desire, effort, knowledge, personality, and optimism.”
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.
Now, here’s the current conundrum. I still don’t make six figures. I have made some really smart money moves, but even now, I’m not slated to pull in six figures for another decade. I have two choices. The first option lets me sit back and let time work its magic. Each year of service nets me a small raise. It also gives our money in the market more time to do its thing. Conversely, the second choice involves monetizing our talents and skills. Otherwise known as prioritizing the side hustle or the passion project.
Hello, I am a Sophomore in college at Humboldt state majoring in Biology currently and I am only doing that because I wanted to be a vet but now I have changed my mind but people around be are saying to stick with biology. I have heard of the idea applying to the top companies but I am interested in what field i should be majoring in. I went and talk to the business major counselor and that didn’t sound like anything I would be good at and enjoy ( as with all the majors right now). So my question to you is what major would be good to do to apply for the top companies ? and will the career be just like the major?
The Seven Figure Franchise almost sounds a bit similar to the Empower Network for those of you who remember that program. The Empower Network was a scam and a lot of people lost their money in it. That program flopped big time! In my personal opinion, what I would recommend is that you sell some affiliate products on the side and instead, invest in selling your own products where you will be making constant income rather than trying to make some huge marketer even richer. And there’s a reason why getting a refund is so dad gum hard with the Seven Figure Franchise. It is because they don’t want to really give a refund in the first place.