Some sources cite the profession of physician in the United States as the highest paying, Physician (M.D. and D.O.) and Dentist (D.M.D and D.D.S) compensation ranks as the highest median annual earnings of all professions. Median annual earnings ranged from $149,310 for general dentists and $156,010 for family physicians to $321,686 for anesthesiologists. Surgeons post a median annual income of $282,504. However, the annual salary for Chief Executive Officer (C.E.O.) is projected quite differently based on source: Salary.com reports a median salary of $634,941, while the U.S. Department of Labor in May 2004 reported the median as $140,350. This is primarily due to a methodological difference in terms of which companies were surveyed. Overall annual earnings among the nation's top 25 professions ranged from the $70,000s to the $300,000s.
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.
Hands down I’d say the best thing you can do is research 1 primary keyword, craft an enticing article title that includes your keyword (though it doesn’t have to be an exact match), spend time writing your search engine snippets (SEO titles/meta descriptions), and by far the most important is making your content as VALUABLE as possible through videos, nice graphics, table of contents, bold/colors/styling, etc. Small things like keyword density barely matter.
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.
The result is a website that lists everything important that ever happened and I have begun to write a 1,000 word essay on each event. While selling the poster is the goal, completing the task of writing the full history has now become something of an obsession in its own right. It’s a big project and will take a couple of years to write the whole 300,000 words but at least I won’t be stuck for subjects to write about as they have already happened.
It’s a good excuse you make not being smart enough (getting into great schools isn’t just academics), however I just listed 24 companies above you can apply to which will make you six figures, and 15 business schools to apply to as well. And if you can’t get into any of them, there are hundreds of other companies in those fields which pay just as well. And if you can’t get into any of those hundreds of companies, check out this whole section for you:
I always think about this process in terms of the sales funnel. You are writing posts and making videos that introduce people to a broader idea or subject and then using backlinks to filter them towards your affiliate program through your ultimate post. When creating this content you want to make sure you select either evergreen topics or link-bait style subjects that build social momentum and attract relevant traffic over time.
Regarding “convincing someone to buy your product is not that easy”, I do agree with you, but at the same time, I remember all those products I’ve bought online. I did not search on Google for those products neither I went to the company websites to get information and buy. They were affiliate people and their blogs that inspired to buy them. PrettyLink Pro, SEO Pressor was recommended by Kimberley, I bought Profits Theme, WP Zon builder because Alex Whaley recommended. Similarly I bought CommentLuv Premium because Ileane, Kavita, Steve and many others were talking good about it.
Hi John – thanks for the angle on applying applied math to the petroleum industry. I’ve been surprised at how disinterested my daughter’s math dept. seems to be in giving her tips like that to explore. Maybe I’m not all that surprised…in the west side of WA state a general apathy seems to have gradually settled in over the last few years like low fog on a cool morning. People just don’t seemed to stop caring about service…like they’re still doing their jobs but checked out at some point. They look at you with “gone fishing” signs in both eyes and leave their pride on the floor like a dropped fork. I’m not sure if others have noticed a similar change where they live – it aint a good sign socially or economically.
I have to agree, when starting an affiliate site, you are putting up a huge investment, effort, money, and time, then if it is not bad enough, on top of that pit, earn less then 8% commission from you know who, and to insult you even more, give you a 24hr window, then you know who get a free sale from all your hard work when that person did not buy within 24hr, and to be honest, getting any site off the ground really blows, as you normally have to fight google all the way up the hill, which can take weeks, or even months just to find out if what you have done was a complete waste of effort, time, and money. As long as you got the money, and put up a quality site with quality content, then it may pay off in a few years, but how much money did one invest before getting into the black, all while the ceos are laughing at you for promoting them just to give you almost nothing in return for you hard work, and with a 24hr cookie.
Penny – Great post and you have gone beyond what most teachers do to maximize income. Teachers are underpaid. My wife taught for 18 years and the most she ever made was $26000 (when she was single in Alabama), but she would never have traded the experience and sense of accomplishment she had as teaching in a low income school district and helping kids envision a better future.
Great post, Penny! As you know – I am finishing up year 29 in education. I have two Master’s degree and a doctorate and I’ve never earned six figures. Had I stayed as a principal in the last five years, I would have made six figures. I’d likely be at around $120,000 right now. But I gave that up to go teach at the college level, not work 12 months a year, and have fun educating the next generation of teachers. Five years ago, I knew I was almost to FI because of this community (and that’s never making six figures and being a single mom for a number of years…)
Now you don’t need college credits to make school affordable. I went to a private school myself which I paid for all of except part of my first semester which my parents split until I had better jobs. By the time I finished I actually paid less than what my parents paid to put me through a private HS which at the time averaged $3,900/yr. I did it with scholarships and grants. I applied for everything I could. In total my 4yr degree cost me around $3,400/yr. You could add in maybe another 200/yr for books as I always kept a tight lid on that expense. I also worked hard as heck. At one point I even decided to take out a student loan to invest it in CD’s since the rate was much higher. Why? I wasn’t even concerned with paying it back since I had built up the money, and it’s not often you get a highly discounted lunch.
Almost 5 years later we are making even more from our jobs, but we still continue to save about 40% of our income. With this money we have been investing mostly into cash flow real estate and a few other investments. The plan is to continue saving 40%, investing that money, and re-investing the profits from our investments. As time passes, our growth is beginning to become exponential (kind of like how compound interest works).
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.
I as well took about a $20k+ pay cut when transitioning from the military. It was a terrifying financial choice, but I wasn’t making it with a focus on 1-5 years. This was a 5+ year play for me and I knew this opportunity would pan out! 2 and a half years in and I making much more than i was before I left the military and was absolutely the right career move to make. We need to do a better job educating folks on career advancement and setting yourself up (financially) to be able to make those type of decision.
Actually Nunya, Jafar’s English is very good, with only a few very minor errors, and far better than most English speakers. It is simply not true that you can “barely read it”, it’s as good as yours. Most Americans, Australians and British I see online have very poor spelling and grammar, and use memorized abbreviations and SMS-speak instead wherever possible. You cannot sound as if you have something to teach people, if it sounds as if you still have to learn basic literacy yourself!
I definitely agree on taking as many AP classes and college classes as possible. I did 13 APs in HS and 2 college classes. My only regret is I didn’t take fewer AP and more college classes. An AP class takes 1 full year and an exam you have to pay for at the end of the year. The college class takes 1 semester and usually the school district pays for it… and the classes are usually a lot easier than an AP exam.
I have a very similar story. I became a nurse as a career change, and now make over $200k. It’s very easy to work OT and second jobs as a nurse. My wife and I live in our 2 family, and rent out the basement apartment to help with the mortgage. Drive Prius and used Subaru, still able to do vacations, not worry about money month to month, we are in our late 30s now, 2 small kids, net worth over $600k and saving >50k per year.
\naverage salary is a pretty generic term and does not tell you how the number is computed. Usually, but not always, it would be the sum of the salaries divided by the number of salaries. This is known as the mean.\n. \nThe median salary is the "middle" value. That is to say, if you listed all the salaries from lowest to highest, the median would be right in the middle. \n. \nA more precise statistical definition might say it is the value that separates the higher half of a sample or a probability distribution from the lower half.\n. \nWhen you say average, the might indicate the mean salary, but we don't know for sure. The mean is what I described in the first paragraph.
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.”
At the time, I had a ton of people reaching out wanting to hire me (I ranked my self #1 in Google for WordPress SEO Consultant, WordPress SEO Expert, many other good keywords). Unfortunately I struggled with basic things you need to run a service-based business… keeping track of clients, time management, and making sure I was charging clients for my time (and getting them to create content which often seemed impossible).
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.
Although it’s an attractive way to make six figures, it’s extremely difficult. It’s obviously possible, and saying that, doesn’t compromise your article’s point. However, I think you should have stressed the blood, sweat, and tears that people put forth to go through those programs and not advertise it as a, “Hey, almost anyone can get into one of these top fifteen schools and make $240,000/yr. after two years of employment” in such a nonchalant manner (oh, and the 70-80 hour weeks).
So, that answers part if your question…yes, my attitude toward work, humans, merit, fairness, money, work ethic and many other things changed in the years of my first early retirement…not really enough room in this format to dive into that, but maybe we can chat about it sometime. That said, the wife and I reclaimed millionaire mountain by 2013 and are looking to check out of the corporate grind again within the next 5 yrs or sooner depending on how the global economic drama plays out. Oh, and yup – I also sell most company stock grants soon after they vest.
I will give you a very simple example. Let’s say you build up an audience of 50,000 readers and out of that 50k you have about 1% that trust you (1% of people that trust you online is actually very huge), so that equates to 500 readers. Out of that 500 readers you will have about 10% that will buy your eBook and other affiliate products, so 50 people total. So, if you are selling your eBook for $10, you will make $500. Of course it doesn’t stop there, those people that buy the eBook and like it will most likely recommend it, and you will have a snowball effect where more people keep buying your book and other affiliate products. This is just a rough example that shows you some realistic numbers. Do not ever think that if you build up a huge number of readers that they will all trust you and buy the products that you promote; if it was that easy everyone would be a millionaire by now.
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.
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?