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The sub-title of the book is "Secrets for Blogging Your Way to a Six-Figure Income," so I was expecting the it to be mostly a "I got rich blogging and here are the ways that you can get rich quickly, too" type of book, but getting rich quick was not really the main focus of the book. There are a few chapters on money-making blogging strategies, but the majority of the book is devoted to helping you figure out how to run an effective blog. In fact, throughout the book the authors stress that most successful/profitable blogs are the result of years of work.
I was really surprised not to see unions mentioned at all in this article! You talk about steps and lanes a little but what raises the wage is the collective bargaining process which doesn’t means unions get everything they want but they have a lot more power and knowledge about the employer’s financial position than an at-will worker bargaining on their own.
You didn’t mention engineering as a industry. Engineers have some of the best starting salaries out of college and many of my business partners have MBAs. I graduated with a masters in structural engineering and then 6 years later got qualified as a diver with an ADCI commercial dive card. Then I was making 100,000+ annually. I now have my own firm and make 200,000+ at 32 years old.
The GI Bill works exactly as it is intended. I’ve used both the Montgomery and the Post 9/11 as I served during the transition and participated in both. There is always a 4-6 month delay to get started. It’s because the VA is very slow to get things moving. You can apply as soon as you get accepted in most cases which for me was several months before I got out of the service. The program is not a fraud because of the red tape. Could it be better? Of course! But it’s not a fraud because it doesn’t pay you right away.
I am age 34 , working as an accountant with annual income 85k per annum, due to monthly commitment on properties & car, left 1k for saving each month. May i know is there a better way to maximize my current reserves to 200k per annum as per your article? i’m happy to have at least 10k passive income every month without working soon as i’m planning to have kids and looking forward to enjoy the lovely time seeing them grow up without a job constraint
Freelancer – refer people to developers, designers, and other freelancers you’ve worked with and make 100% of Freelancer’s project commission for the first 90 days. I get a lot of people requesting WordPress speed optimization services… so I refer them to my developers with a freelancer affiliate link and make $125/month in passive income. You can’t use affiliate links to link to specific freelancer profiles, so I direct people to the homepage via affiliate link and give people my developer’s usernames.
As someone who also works in the Oil & Gas industry I can give some insight on another possibility if you didn’t put in the effort in high school or even college. Right now the industry is a bloodbath but like John mentioned it’s cyclical. There has also been a large talent drain due to Boomers retiring and people leaving the industry because of the cyclical nature.
Of course it’s up to you whether you keep the classical musician in the list of high paying industry. I just took the time to explain because I wanted to let an influential person like you know the reality of those $100k symphony musicians on strike. I can say this with confidence, though. If someone is looking to make six figures, classical music industry is the last place to consider getting in unless you have already started practicing at age 5! :)
I’m currently looking for ways to get my MBA covered (at a top 20 – my company will pay the local state schools no problem) and work too, to further accelerate my way into management and chase down a 250k+ job before 30 (excluding investments). Similar to what John said most people at my company only work 40 hours a week. I work closer to 50-60 on average but that is by choice to learn more skills while I am young and is not required. High tech is where it is at for sure.
I’m a senior in college. My major is Risk Management and insurance. I plan on getting an MBA in strategic mgmt/Finance from a top 20 business school OR an MSHA from a top 5 MSHA school like Michigan(1) or UAB(2). I hope to start making a least 120K right out of grad school. I understand you can be a hospital administrator or even CEO with an MSHA. Which career looks more promising when you factor in the cost of grad school?
Nearly $5,000 in affiliate sales is awesome, and I see this as a turning point for bringing in a respectable income from the site. (I’ve written more in this post about how we’re monetizing The Write Life.) But before we dive into how we accomplished this, I want to put that income in perspective for you. It’s still a drop in the bucket for our company, for three reasons:
Hey Jennifer, I don’t really know much about MOBE as I haven’t had personal experience myself but in terms of paying for a programs, i’ve had experience with the Six Figure Mentors. They teach people marketing and entrperneurial mindset stuff that I found invaluable. They have a paid tiered membership system that can be promoted on an affiliate basis. What sort of affiliate business are you looking to set up?
While the two paragraphs above only describe the relationship between status and personal income, household income is also often used to infer status. As a result, the dual income phenomenon presents yet another problem in equating affluence with high societal status. As mentioned earlier in the article, 42% of households have two or more income earners, and 76% of households with six figure incomes have two or more income earners. Furthermore, people are most likely to marry their professional and societal equals.
However, it can take a long time for your new small business to pay off. If you have time, effort, and energy, and if you offer a viable product or service, your risks can pay off with a nice-sized salary for you and your family. We don’t have a salary range for small business owners, but profitable small businesses can expect a six-figure salary if
I believe for many people including myself, the elusive passion that yields happiness and fulfillment is still unknown even well into adulthood. Personally, if money wasn’t a factor I’m not sure what I would be doing…and that’s what I’d like to figure out. In the meanwhile though, building financial independence can provide options down the road and keep you flexible.
Of course you want affiliates with high commissions, but they should also have a solid reputation with high conversions and low reversal rates (you get $0 if people cancel after signing up). If they’re part of an affiliate marketplace like ShareASale or ClickBank you can see some numbers there. Companies likes Amazon/SiteGround are safe bets, otherwise do your research (or track your affiliate links so you can monitor their performance). Avoid affiliates offering huge commissions since this probably means they’re struggling to acquire/retain customers naturally. This will hurt your numbers (specifically your conversions/reversal rates).
My prediction is that the next big thing will be Google using the referring page to pick up keywords instead of the anchor text. Anchor text is too easy to game. There are already people saying that they are getting better results when a referrer links straight to their home page with their site name instead of any keywords. The keywords are now in the referring post.
Interesting and motivating article. I didn’t take high school very seriously, and I only took my last 3 years of my 4.5 years of college with strong intentions to succeed. I got my GPA back up to a 3.33 from a 2.76 and landed two summer internships with Fortune 500 companies during school. I now work at one of those said companies and will gross just north of 85k after base salary, relocation, and sign-on bonus (also, could be closer to 88-90k depending on my performance bonus).
Thankfully I was able to find an incredible opportunity that taught me click by click how to build a successful online Affiliate Marketing business for LESS then $100 bill, and not only that as you build your team you make $30 commission each person you bring in. So after 4 sales your membership is free. After 6 months I’ve been able to quit my job and work fulltime online, traveling and spending time with my Family.
If you have an inclination to chemistry, biology, can present your science well and work well across line functions, the biotech / pharma industry is a great place to build a career. And it’s not cyclical. Huge unmet need in so many diseases and the constant demand for more efficacious medicines will always require innovative young scientists to come to the fore.
The following are not direct affiliate programs but are representative of the monetization networks and techniques that have worked relatively well to date. I am adding this to show you other ad networks in addition to AdSense which will allow you to monetize your blog. One network which I have tried but have not profited from so far is Media.net, a network which is getting mix reviews.
Thanks to NF’s growth and the popularity of my article on the Paleo Diet, this app continues to sell 100-200+ copies a day without a dollar spent on advertising. The number of downloads fluctuates depending on where we are ranking for “Paleo Diet” searches (I can pretty accurately predict app sales based on where the article is ranked on that day). Since launching the 99 cent app in December, it’s already been downloaded over 25,000 times.
The standard route is to work in public accounting and then branch out. So, I wouldn’t consider the public accounting route to be typical, but within ten years you can expect an income to be closer to 200k or as high as 350k if you make partner. Making partner also requires a lot of buy into the partnership shares, so you can think of that as taking on a mortgage. I could get into more detail, but I hope that answers your question!
We also pay for the occasional epic blog post, plus digital tools like MailChimp ($150/month), hosting ($150/month), etc. Because the site has grown exponentially over the last 18 months — we now see about 115,000 unique visitors each month and have 23,000 newsletter subscribers — it costs more to run the site now than it did a year ago. We now spend about $3,000 a month to run The Write Life.
He is the co-founder of Neil Patel Digital. The Wall Street Journal calls him a top influencer on the web, Forbes says he is one of the top 10 marketers, and Entrepreneur Magazine says he created one of the 100 most brilliant companies. Neil is a New York Times bestselling author and was recognized as a top 100 entrepreneur under the age of 30 by President Obama and a top 100 entrepreneur under the age of 35 by the United Nations.
I’d like to present another alternative to engineering, for those who don’t find that appealing: become an airline pilot. The major airlines are facing a tremendous shortage of pilots in the coming decade and for most that is due to the huge looming wave of mandatory retirements. That means not only will there be incredible demand for new pilots, but those who get hired in the next few years will move up the seniority lists very fast and enjoy the commensurate benefits of seniority (higher pay, more days off, more vacation, etc) far sooner than those of us who entered the industry twenty years ago. And life at a major airline can be pretty good. Nearly every major airline captain these days is making north of $200k, and some of the more senior bring in closer to $300k. And that is without a requirement for an advanced degree; a four-year degree from any accredited institution gets you in the door.
Big Government: Reach any top tier position in the Federal or State government and you will make six figures a year a long with a nice pension. In fact, there are more than 450,000 Federal employees making over $100,000 a year. Prison guards make $150,000-$200,000+ with overtime. San Francisco janitors and elevator technicians make over $270,000 a year.
Based on the marketing, you earn 100% commissions on sales and on upsells. The promotion throughout the site makes these products sound like sure-fire winners, especially as Michael Cheney has already made a lot from them. That's not a bad commission rate! Seriously, I love when companies pay high commissions, but you have to promote good products if you want to keep those commissions and avoid refunds.