I could not disagree more with the title of this post. Six figures does absolutely mean something, as long as you don’t make poor financial decisions. You chose to buy all that crap, the worst decision being to buy that expensive house. I am 29, make six figures, and live comfortably. The reason why is because I was able to increase my income while keeping my expenses down. It’s really that simple. Of course, everyone’s life situation is different and normally expenses go up the older you get. My point is that Six figures does mean something as long as you are fiscally responsible. The title of this should be more along the lines of “dumb decisions I made once I started making six figures”.
Hey Tiffany, how are you today? This is an excellent guide and I love all the information! It’s true many people who have blogs have no idea about affiliate marketing and it’s potential, but there is so much money to be made from affiliate marketing it’s unreal. One tip I could give is people who are building up blogs should get into affiliate marketing earlier! Great post, have a great day… thanks for the great information!
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.
My secondary Facebook page was taken down for a bit because I was getting too many friend requests in too short a time. I hadn’t even promoted anything. But that told me that you just don’t playing around with trying to get around paying for Facebook ads. Michael’s technique of promoting his products on Facebook is asking for trouble. Thankfully, after I explained to Facebook that I was just trying to see other posts from around the world like a “National Geographic,” they put my page back.
I’m just learning about this and I have never done it before. I just a had a question or two. Can I work from my phone is a iPhone 6s. And I’m not asking you to go through the entire thiing in your answer but how do I get started and how will I get the training I need. I had to get out of the out of town work due to my dad getting sick so I wanted to be home more, and one more thing does it cost a lot to for getting the adds or material needed to start making money. If so how much or some of the cost just ballpark figures will I have to spend while I’m up and going. I’m serious about it and just though I could get some advice and answer a few of the questions. Thanks Brett
You’re right that there’s tons of variables in teaching. I used to work at a Title 1 school that was almost 90% free and reduced lunch/low income. I would still work there today if it were up to me, but their funding was so bad. 🙁 It’s also interesting to look at how teachers are paid. We live in a very high COL suburb *for the Midwest*. But that’s also why my salary is so high. My district can pay what they do, at least in part, because of property taxes. It gets far more complicated when states have universal salary schedules and other things I don’t really understand 😉
In contemporary America it is a combination of all these factors, with scarcity remaining by far the most prominent one, which determine a person's economic compensation. Due to higher status professions requiring advanced and thus less commonly found skill sets (including the ability to supervise and work with a considerable autonomy), these professions are better compensated through the means of income, making high status individuals affluent, depending on reference group.
My wife and I have a very similar story. I graduated in 2011 with a Bachelors in Mechanical Engineering from a public university. I took an engineering job with a major oil and gas company making $80k starting. With steady pay raises and 5 years experience, I’m now making $125k. My wife started out in the oil and gas industry working for a consulting engineering company for $75k in 2012 and steadily rose to $88k. However, there are definitely drawbacks to the profession. I have lived in 4 different cities since I started working (you have to move where the work is). Also, I was laid off from my previous employer in April 2015 due to the downturn in oil prices. I was very fortunate to find a job with another oil major in September 2015, but it required relocating to a different state away from my fiancee (married just a few months ago!) and family at the time. My wife was laid off from her O&G job in Feb 2016 as well. I can honestly say that the sacrifices I and my wife have to make by working in oil and gas have been worth it though. We’ve aggressively saved our money, and we’ve made money on each of the relocations. We’re on track to reach financial independence much, much sooner than if we had chosen careers in another industry. I also thoroughly enjoy working in the O&G industry which is more than many people can see about their jobs/career path.
7 Figure Franchise does cover traffic generation and includes topics like social media marketing, guest post marketing and paid traffic via solo ads. Traffic generation techniques require work though. It's certainly not going to pop out of the ‘biz in a box' you just bought. Getting traffic is always a process, one that takes time, research and implementation. But, wasn’t 7 Figure Franchise meant to be turnkey? Didn’t Michael claim it would ‘force you to make money’? What happened to that idea?
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’m always surprised by how many people feel “icky” about promoting affiliate products – I started my blogging “career” building niche blogs specifically to sell Amazon products, then branched out into other affiliate programs. I’m a big fan of affiliate marketing, provided that the blogger/marketer is also providing quality content with their links.
Great article! So I was wondering if I could get your advice? I’ll be graduating college in about 3 years and I should have around $200k saved in mutual funds, I’ve considered getting my degree in accounting (although I want to become a physician once I have a solid amount of money saved) and I was planning on trying to go work for my family’s CPA firm. What’s a reasonable amount I can save at most so I can attain a million in mutual fund savings? Considering that it’ll gain roughly 10% a year
However, I have a number of friends and family who are K-12 teachers and I have always envied their dedication. Teachers earn less than half of what they deserve because few things are more important than educating the next generation. You hit the nail on the head when you mentioned the “…bizarre notion that someone’s passion should be enough to pay power bills and mortgages”.
Thanks for sharing your experience. It was a real eye-opener for me. I am new to affiliate marketing and am looking for ways to make a steady income. Your affiliate program seems to fit my needs. If you have the time email me with your affiliate link to signup and I hope you can help me get started the right way. Any assistance would be greatly appreciate. Be Blessed.
Too many newbies make this mistake. They think they can avoid ALL online business start-up time and expenses by joining an affiliate program and using the free site they get as their main site. It's a mistake. The best affiliates in EVERY program have their own website where they bring ALL their traffic first. From a "home base" like this you are free to make personal recommendations, promote a variety of programs and earn income other ways such as advertising or selling your own products and services. Growing your own site is a major key to growing serious long-term affiliate income.
If your youngest child is really interested in OT, then I suggest Colorado State University’s program. I have several friends who were in the OT program there while I was a post-doc in the chemistry dept. Its a great program, and about 98% of grads land jobs immediately. Also, Fort Collins is a nice town on the Front Range with access to all kinds of outdoor fun. Its not far from Denver or Boulder. The people are friendly, and the cost of living is pretty cheap. I work on the East Coast now at a biotech, but not a day goes by that I don’t dream of moving back to CO.
all my coworkers are like that. just a different breed from ur typical security-craving salaried workers. we hate micromanagement, cubicles, office politics, and anything slow. most of us like to live extravagantly. i like all the ideas presented on your blog, but i just know for some reason that i’ll never be as frugal or smart about my money as you. i like buying big shit like cars, boats, motorcycles, and luxury condos. i tried living frugally, but it really bothered me. like i was hiding a part of me. and it affected my confidence levels at work! i bet this sounds really weird, huh? lol sad but its true. so i just decided to make peace with myself. i’m a big spender so i better be a big earner.
This post was so helpful! I launched my blog in January and just started to try and monetize it in June. I’ve added some affiliate links for a few of the programs you recommended, so hopefully, I will see some results soon. I’m realizing that this is gonna be a harder journey than I originally thought, but thanks to bloggers like you I have great resources to guide me! Twitter.com/Disfordollars