Just a quick note on the consulting firms you listed. Although the Big 3 are obvious to include in the list, I would certainly remove Booz Allen Hamilton, and even Arthur D. Little. Booz Allen is notorious for under-paying, especially when compared to much better firms. Booz Allen is also primarily a Federal contractor with very limited commercial work (granted their non-compete with Booz & Co. [now Strategy&] is over) – commercial strategy/ management consulting out-pays Federal counterparts.
A great point you made there though. Too many people try to take on too much at once and end up spreading themselves too thin – trying to conquer all the niches at the same time. Marketers also do this with advertising. Instead of sticking with one platform until they are generating a consistent number of leads they will jump from platform to platform, in essence chucking a load of crap at a wall and seeing what sticks.
There are less than 10 orchestras in the US that pay $100k or more. Depending on the instrument there are only about 0 to 5 position openings total (5 being maybe violin, 0 is maybe a tuba position) per year from those top orchestras. Each year, there are thousands of graduates from top music schools and they compete for that position in auditions. I auditioned and failed so many times I lost count. Of course when the economy sinks, the number of auditions decline even more. (orchestra tries to save money by hiring temp subs instead which is detrimental to the artistic quality)
I expanded my SEO blog and started writing about hosting, cache plugins, and other relevant topics… while recommending SiteGround in each tutorial. I added social proof like this poll where they were rated the #1 host. Each tutorial was super detailed and tons of people found them helpful – many generated 100 visitors/day since the great content got them ranked high.
I’m also with you John, wondering how my life would have turned out if I went into Finance… (I’ll be finishing my mba with that focus and real estate though so perhaps later in life I’ll find out). There are plenty of opportunities to crush it out there folks. However, be weary of living in the Valley, cost of living will eat you alive. I know a few engineers I met when I was on my campus tour at Berkeley getting starting offers on their BS 105-115k + 40k in stock options at companies like Google, Microsoft, Apple… After you factor in costs you can’t save much so from building your NW I’m not sure that’s the best play…
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I’m SO glad to now have this post I can bookmark, and have a perfect project I can actually put into action against this post. It’s great to learn from people who are ahead in the game, for those of us who aren’t as knowledgeable can look for advice and resources online and find a LOT of bad information – but knowing the source of this post and such a respected website you know you won’t go far wrong in putting this into action!
I think there are two basic ways to get to 100K. First is to plan a career that offers jobs that pay 100K as FS talks about above. The second is to follow a passion that can lead to 100K due to your skill or making a good business out of the passion. (So, the passion job is not typically a 100K job – but you find a way or you follow it to a direction that leads to that income).
Hello Anis, your review is quiet honest, I have several products by michael as I have tried to promote it before, now those looking at promoting his stuff, know that it will make money, but those who buy, unless they are total newbies will not be very happy. Having said that just go on Jvzoo and apply to promote his stuff if you wanna try if his funnels work, thats free, coz of the hype they really do work.
If you want to really wish for days gone by, try plugging $100,000 into the U.S. Bureau of Labor and Statistics’ inflation calculator. What you’ll find is that $100,000 in 1980 is worth $288,638 in 2015 money. Want to get even more nostalgic? Crank the year back to 1960, and you’ll see that 100 grand would get you $803,506 annually in 2015. That’s a lot of cabbage.
My company has a program to promote people into jobs at the corporate office. The interest in these roles isn’t that great as the initial pay is comparable or less than what you make working in operations. Can’t forget the negatives of having to work in a corporate environment…commuting every day, being within driving distance of the office, having to maintain a certain appearance, etc. For me I have no interest in working a typical schedule ever again.
I’m 24 years old hard working electrician living in Calgary Alberta Canada, Probably one of the best places to be a electrician really. I’m a 4th year apprentice, I start my last year of school in jan, by march/april i will be a ticketed journeyman. This year i will make 70,000 (thats before taxes) and im extremely unsatisfied with it. Once im a Jman working for my current company i will make aprox 85 without OverTime. when I do the math its not that much more, now i have the potential too make more but there are some complications too this.
[…] Money is basically made on the coasts with lots of it coming in from San Francisco, NYC, Boston and D.C. Therefore, it costs an arm and a leg to live around these metros. A median house in SF is going for around $1.1 Million, for example. It would be damn hard to make a living and reside in the SF Metro if one isn’t making $200,000 or more. […]
This forumla you have makes sense for some people, but not all. Case in point – I went to a college in the midwest that no one has heard of, graduated with a 3.2 GPA, and at the age of 29 closed the year with a $110k salary. My boyfriend went to one of the top 10 public institutions in the country, graduated with a 3.8 GPA, and last year earned about $20k. Yes, having a degree from a top-tier institution may have increased my current salary even more, but I think had I gone that route I would have went into a less exciting career and given myself less chances to fail. Instead, with my average academic background, I’ve been able to live out many careers in my 20s – as a business journalist, and then in a variety of roles in startups where I could put my writing skills to use. I learned how to negotiate and that’s why I’m making six figures today (and I also have a sizable stock package that could be worth more a few years down the road.) My salary clearly has nothing to do with my academic performance. Sure, Google would never hire me because I don’t meet their hiring criteria, but who needs Google when you can start out as one of the first employees of a startup and help make that startup worth hundreds of millions of dollars?
Ahmad, Great post and great information. I have some more specific questions for you relating to my personal company and how affiliate programs can tie into it. Is there a chance we could talk sometime soon? I think you may have the answers to several of my questions on whether affiliate marketing is what I am looking for or not. And if it’s not what I am looking for I think you can direct me in the direction I need to go.
I searched on Google to find a way to make money as an affiliate marketer. This website is well-constructed and you spoke very clearly. You laid the foundation down for most people to understand, if they have basic reading skills. I never knew how to create a landing page until I came on this site. A whole lot is what I’m learning from this website of yours. Great Job!
IMPORTANT: Since the latest Google update you have to be extra careful with your anchor text. If you just write “Bonsai growing” as the anchor text on every guest post you do it will look extremely unnatural and Google will likely penalize you. The SEO factor is only part of the reason you are writing these posts so don’t risk a penalty by being too aggressive.
I, too, work in an industry with salaries that are tied to budgets and salary cohorts. But I have found that side hustles, both in and out of my field, help to increase my income. It is sad that we have to give up even more of our time to get there, but I guess the sacrifice makes the reward even more satisfying??? In any case- thank you for sharing your journey, your goals and your insights. It is comforting to me to realize that there are others in my circumstances.
The word dropzone makes you think of paratroopers and exciting free falls, right? “Locating the golden dropzone,” as Michael Cheney put it, has nothing to do with excitement as you’ll see. It’s all about leveraging the pain and needs of your potential buyers to get them to buy stuff from you. Now, if you’re an experienced internet marketer at any level, you probably already know that people buy stuff from you only when you show them how it solves their problems or takes away their pain, right? So, what’s the biggie?
Jerry is a young aspiring Internet Entrepreneur who started his online business at the age of 18. He is currently a Full-time Affiliate Marketer at Wealthy Affiliate, a community to help anyone start their own online business without prior experience. He actually achieved Financial Independence at the young age of 21. Read more about his story here!