Where's the big money?

 

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OK...I want to start simplifying my life. Not running around dabbling in 20 little businesses ...
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    Default Where's the big money?

    OK...I want to start simplifying my life. Not running around dabbling in 20 little businesses like most I.M. do.

    Where do you think the truly big money is?

    Big money to me >$50k profits a month.

    Yes i do think some affiliates make much more than this but i do think it's very hard and unstable. And these people pis** themselves because they make $10 a day....LOL. Come on.

    So where is the big money?

    Offline busines?

    Own products and have own affiliates promoting it?

    Patents?

    New inventions?

    Oil/commodities?

    Financial markets?

    B.H offline techniques????

    Other?

    Any thoughts on this? I was reading about some oil trading companies based in Switzerland and frankly their turnover buts G to shame! I was reading about an oil trader "Marky Rich" (not sure if that was his name) ? Worth $8.2billion. We get so fixated with I.M. we do not see the huge money in other industries.

    One common theme for big money (millions) is they seem to focus on one core business.
    I was talking to aguy yesterday who had his own metal corrugation business and he said his company turnover was 3m. And he wants to grow it to over 10m in the next 3 years! OK so it's not profit but it gets me thinking maybe I.M. isn't where the big money is?


    Any how any thoughts?
    Last edited by stressfree; 02-10-2012 at 09:36 AM.




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    Default Re: Where's the big money?

    Yep, the big money is in oil trading. You should go into that.

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    Default Re: Where's the big money?

    ^ wow...^ thx Sherlock :-)

    Nice discussion.

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    Default Re: Where's the big money?

    My sole point about oil trading is I.M. do not seem aware of the vast sums of money involved in other industries. Espeically when they think they have cracked it on $2k month etc.

    OK? Any how i was hoping for a discussion..not stupid replies like that. I was hoping for too much?

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    Default Re: Where's the big money?

    Want big money? Ecommerce IMO has the best shot at that and also the likely the longest lifespan.

    You can go at this a number of ways, shell out the resources to do it yourself OR find someone who has the resources but needs a good SEO guy and work for a % of profits.

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    Default Re: Where's the big money?

    You think there's big money in E-commerce? Really? How would you compete with Amazon/Ebay, etc? Where would you edge be? Isn't it too competetive and too easy to enter? You tell me.

    I'd rather be a manufacturer i think?

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    Default

    Learn to trade currency. The top traders make an absolute killing! But you would need years of education towards the right system, but overall is a good plan. Like someone said above ecommerce, it uses all internet marketing practices but you are pushing products to consumers, which is most people in this world. Im looking to set up a store soon and make that my sole priority and built it up

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    Default Re: Where's the big money?

    Do you think the days of selling info. products is nearing an end? No doubt people are much more selective these days than 6+ years ago.


    Personally i think for I.M. niche you have to have your own authority site (s) a few different products, preferably a monthly membership site included and have affiliates promote you. I think there more money in that process than being the affiliate.

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    Default Re: Where's the big money?

    Quote Originally Posted by stressfree View Post
    You think there's big money in E-commerce? Really? How would you compete with Amazon/Ebay, etc? Where would you edge be? Isn't it too competetive and too easy to enter? You tell me.

    I'd rather be a manufacturer i think?
    Your edge would Social Media...Amazon and Ebay are marketplaces but if you create a brand with a following you can almost create cashflow out of thin air.

    Say you owned a widget ecommerce store that ranks top 3 for widgets you likely will do pretty well BUT if you have a fanpage of 50k loyal fans and you have a slow week, a simple 15% off for 3 days coupon might just bring you extra flow at the right time.

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    Default Re: Where's the big money?

    i think owning a forex brokerage would be an easier way? Yes some make big money but most lose. I do no think "gambling" fits into my stress fre big money plans. Although having someone trade fx for me is a good investment. thx

    Learn to trade currency. The top traders make an absolute killing! But you would need years of education towards the right system

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    Default Re: Where's the big money?

    IMHO, the only real taste of big money I've had during the last couple of years is by selling IM services to HUGE companies. Fortune 500 companies need backlinks, video views and facebook likes just as much as anyone else.

    Before you go out selling this to those guys, remember these points:
    1. You need someone that has access to decision makers at these companies, so there must be a legit looking PR company or ad agency in the middle.
    2. Do not tell the big co. the details about what you do for them.
    3. You need metrics. If the low level managers at the big co. can not see results in the stats, they can not convince the middle level managers to put more money into this.
    4. Decision makers at huge companies do not understand IT. They can barely switch on a computer. So dumb it down.

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    Default Re: Where's the big money?

    Quote Originally Posted by stressfree View Post
    You think there's big money in E-commerce? Really? How would you compete with Amazon/Ebay, etc? Where would you edge be? Isn't it too competetive and too easy to enter? You tell me.

    I'd rather be a manufacturer i think?
    Bad way to look at it. Look at e commerce just like niche content sites that people use Adsense on.

    You have to pick a type of product(s) and become an authority in it. I'm no expert, but that's what I would think.

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    Default Re: Where's the big money?

    Ok....good plan.

    Your edge would Social Media...Amazon and Ebay are marketplaces but if you create a brand with a following you can almost create cashflow out of thin air.

    Say you owned a widget ecommerce store that ranks top 3 for widgets you likely will do pretty well BUT if you have a fanpage of 50k loyal fans and you have a slow week, a simple 15% off for 3 days coupon might just bring you extra flow at the right time.

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    Default Re: Where's the big money?

    this is exactly what I am talking about...not just the money but the ease of it. There's no doubt selling to big companies, rich people is a much easier business than selling to the ebay crowd, etc...

    I know some people making over $1m a year....and they barely "work" now. OK they workled their asses off getting to that position but it's the long slog forever that puts me off in any biz!

    IMHO, the only real taste of big money I've had during the last couple of years is by selling IM services to HUGE companies. Fortune 500 companies need backlinks, video views and facebook likes just as much as anyone else.

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    Default Re: Where's the big money?

    BIG money are definitely in IM ask google and FaceBook, LOL !
    I really think that you can mak big bank with offline companies providing online services.
    And product creation + membership sites.

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    Default Re: Where's the big money?

    the good thing aboutt his is I'l lbet 90% of I.Mers would go through the process to land a client like this. So it's not so crowded.

    IMHO, the only real taste of big money I've had during the last couple of years is by selling IM services to HUGE companies. Fortune 500 companies need backlinks, video views and facebook likes just as much as anyone else.

    Before you go out selling this to those guys, remember these points:
    1. You need someone that has access to decision makers at these companies, so there must be a legit looking PR company or ad agency in the middle.
    2. Do not tell the big co. the details about what you do for them.
    3. You need metrics. If the low level managers at the big co. can not see results in the stats, they can not convince the middle level managers to put more money into this.
    4. Decision makers at huge companies do not understand IT. They can barely switch on a computer. So dumb it down.

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    Default Re: Where's the big money?

    wouldn't this come under new inventions, patnets, own products? In fact it fits them all and proves if you nail everything at the right time you can make a fortune. But I just do not have the foresight to predict these things. And I'll bet for every success there were over 1,000 failures?

    Again.....i never once said there isn't big money in I.M.

    BIG money are definitely in IM ask google and FaceBook, LOL !

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    Default Re: Where's the big money?

    I would say that the biggest money lies in an IDEA, if you are looking to make money over the internet. You might make money with an ecommerce store, but nothing to beat Amazon or ebay makes; positioning yourself as a different solution is the trick.

    We could make money promoting products with squidoo, but nothing close to what the bald owner of Squidoo himself makes.
    PM for Traffic Solutions - SEO, PPC Marketing, Email Marketing or Lead Generation

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    Default Re: Where's the big money?

    ^^ It's exaclty my point^^ It's nice to make a few $$'s but it's not going to make you rich and it's a grind for life.

    Who make sthe most money here?

    Ebay:
    Paypal
    Forex brokers?
    Facebook

    etc...the millions of users of the owners?

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    Default Re: Where's the big money?

    Here's anopther point.....there are some pretty stupid (non street smart. biz savvy)) Dr's, CEO's, Brokers, advisors who just because they go the right qualifications make a very good living.

    They wouldn't last 2 minutes in the real biz world. BUT they were smart enough to get well paid jobs. So who's laughing?

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    Default Re: Where's the big money?

    Big Money is where you can find it, if you can't run a SMALL I.M biz sucessfully, you'll never own a larger own.

    Some sell tiny services like YT views and make or FB likes and make 5k+ every week off it, I know a guy who does.

    Most of those who made profits >50k, started with few hundreds, start small but think big still works.

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    Default Re: Where's the big money?

    Quote Originally Posted by howard_hughes View Post
    Big Money is where you can find it, if you can't run a SMALL I.M biz sucessfully, you'll never own a larger own.

    Some sell tiny services like YT views and make or FB likes and make 5k+ every week off it, I know a guy who does.

    Most of those who made profits >50k, started with few hundreds, start small but think big still works.
    Great advice. I used to find myself falling into thoughts of hitting riches in a short period of time, and obviously, it hasn't happened. That VERY rarely happens. Everyone has to start somewhere, so don't get ahead of yourself.

    I don't make a ton of money, but I make more every morning. And let me tell you one thing; once you have some cash flow coming in, it becomes 100000 times to make money.

    I know I'm probably reiterating what is said on this forum over and over, but hey, this is true: once you make some money, just keep expanding. For example, I flipped a site for a niche chunk of change. What's my plan now? Take a portion of that money and do what I did 10 times over.

    Sorry, think I'm getting a bit off topic here, but point is, don't get too ahead of yourself. You can make $50,000 a month, but start smaller

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    Default Re: Where's the big money?

    Quote Originally Posted by howard_hughes View Post
    Big Money is where you can find it, if you can't run a SMALL I.M biz sucessfully, you'll never own a larger own.

    Some sell tiny services like YT views and make or FB likes and make 5k+ every week off it, I know a guy who does.

    Most of those who made profits >50k, started with few hundreds, start small but think big still works.
    Just to add to your AWESOME post, how scalable the idea/opportunity is.

    Before I got into selling SEO Services/Content Writing, I used to be a franchise of a popular corporate training company. But, scale was an issue, as it was dependent on the working hours of my partner and I. From sales, support to the training, everything ran between us and we were just getting those few sessions a year. I hail from a small city in India, where we could not too many good clients

    As a pastime, we both started writing content a few years ago; and today we've trained over a 50 writers to work to our expectations. This was difficult in training. Similarly, for training, the few companies and colleges in my city were the prime clients, while today the whole INTERNET is a possible client.

    It's all about Scale IMHO.
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    Default Re: Where's the big money?

    The company I work for make big money re-lining sewers. Basically sewers have a life expectancy, once the sewer gets past that you need to replace it (or you used to). Normally this would involve digging up the roads and generally making a mess and taking ages however we use no dig technology to get round that.

    That, in my opinion is where the money's at!

    Where's there's muck there's brass!!

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    Default Re: Where's the big money?

    Selling your own product (other people to sell them), Referrals and SEO. Fast cash also works if you find a hole on facebook and hire someone to make you a script to spam the shit out of it.

    Then invest those money in few offline business that you think they will last. Like food for example... people will never stop eating Everything else will be gone in about 10 years like all other great things in the past.

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    Default Re: Where's the big money?

    Ok this is really off-topic but just want to add to the discussion :

    "The amount of money we want to have is inversely proportional to the time we want to spend on earning it "

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    Default Re: Where's the big money?

    Create your own product, there is where the big money is.

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    Default Re: Where's the big money?


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    Default Re: Where's the big money?

    Quote Originally Posted by stressfree View Post
    OK...I want to start simplifying my life. Not running around dabbling in 20 little businesses like most I.M. do.

    Where do you think the truly big money is?

    Big money to me >$50k profits a month.

    Yes i do think some affiliates make much more than this but i do think it's very hard and unstable. And these people pis** themselves because they make $10 a day....LOL. Come on.

    So where is the big money?

    Offline busines?

    Own products and have own affiliates promoting it?

    Patents?

    New inventions?

    Oil/commodities?

    Financial markets?

    B.H offline techniques????

    Other?

    Any thoughts on this? I was reading about some oil trading companies based in Switzerland and frankly their turnover buts G to shame! I was reading about an oil trader "Marky Rich" (not sure if that was his name) ? Worth $8.2billion. We get so fixated with I.M. we do not see the huge money in other industries.

    One common theme for big money (millions) is they seem to focus on one core business.
    I was talking to aguy yesterday who had his own metal corrugation business and he said his company turnover was 3m. And he wants to grow it to over 10m in the next 3 years! OK so it's not profit but it gets me thinking maybe I.M. isn't where the big money is?


    Any how any thoughts?
    i said it once and ill say it again. bhw is washed up and played out. is this the best that yall can come up with for threads these days? that damn panda came through here and did a number on this site!

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    Default Re: Where's the big money?

    I often think that, if I had to do it all over again...I would choose the stock market and day trading...or currency trading.

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    Default Re: Where's the big money?

    It depends what you call "big" money.

    50k a month is NOT big money to me.

    100 million a year is big money.

    How do you get to that point?

    What I have figured and what I am working on is building a site
    that GOOGLE or one of the big boys wants or needs.

    A site that has a functionality or user base that Google might want.
    Think Groupon--- Google wanted it... and offered billions.

    They always pay in millions and billions.

    Google buys companies all the time.
    It is hungry for new platforms and ideas.
    They are always looking for the next big thing and are willing to take a chance on the little people.... if you have your shit together.


    Offline business can make money... but it takes a lot of resources and money.
    Oil is big and will always be big... but good luck getting in on that.
    Exxon and the big corps have it monopolized... they supply it ... they control it.
    you will only get scraps of the profits.
    Gold is good too... but like oil... they are up and down all the time.


    If 50k a month is what you are shooting for.... from my experience... stick to IM... it is way easier and faster to make that with IM than any other field.

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    Default Re: Where's the big money?

    Yeah good advice. ^^

    Personally if i made $2m I'd stick it in a bank and quit working forever....No need to make tens of millions.

    I said $50k month because most think $60 day is BIG money on here.

    Thx virus!
    Last edited by stressfree; 02-10-2012 at 02:04 PM.

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    Default Re: Where's the big money?

    Quote Originally Posted by Virus1 View Post
    It depends what you call "big" money.

    50k a month is NOT big money to me.

    100 million a year is big money.

    How do you get to that point?

    What I have figured and what I am working on is building a site
    that GOOGLE or one of the big boys wants or needs.

    A site that has a functionality or user base that Google might want.
    Think Groupon--- Google wanted it... and offered billions.

    They always pay in millions and billions.

    Google buys companies all the time.
    It is hungry for new platforms and ideas.
    They are always looking for the next big thing and are willing to take a chance on the little people.... if you have your shit together.


    Offline business can make money... but it takes a lot of resources and money.
    Oil is big and will always be big... but good luck getting in on that.
    Exxon and the big corps have it monopolized... they supply it ... they control it.
    you will only get scraps of the profits.
    Gold is good too... but like oil... they are up and down all the time.


    If 50k a month is what you are shooting for.... from my experience... stick to IM... it is way easier and faster to make that with IM than any other field.

    What you say makes total sense. But didnt Groupon take a shitload of money to start? Like way more than anyone here is capable of? Also what I dont undersand is instead of buying groupon google has enough money why didnt they just steal the idea and go make a company like that itself?

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    Default Re: Where's the big money?

    If you dont have money start with micro niche sites,selling services,etc..

    If you have money you can make ecommerce sites,niche sites,offline market.

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    Default Re: Where's the big money?

    If you want to make big money, provide a product or service in a big market; I think you have a pretty good idea as to what a big market is. While you can dominate small niches, small niches with small markets will not make you the fortune that you are looking for.

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    Default Re: Where's the big money?

    Quote Originally Posted by stressfree View Post
    Yeah good advice. ^^

    Personally if i made $2m I'd stick it in a bank and quit working forever....No need to make tens of millions.

    I said $50k month because most think $60 day is BIG money on here.

    Thx virus!
    With $2million in the bank,at a modest 1% interest rate,you could withdraw $5,000 per month for 40 1/2 years before you would run out of money.
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    Default Re: Where's the big money?

    OP I think your attitude is wrong. Big money is everywhere - also IM, but it takes time.

    You say Adsense is not big money? There are people who make $100K+/month with Adsense... And yes, one day they started with $50 bucks/month

    You say that CPC is not where are big money? There are people (and they are very well known around) who make 100K+/month just with few campaings up... And yes, one day they started with 50 bucks/month

    Your point of view is simply wrong. Either change it, or you will never make big money...

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    Default Re: Where's the big money?

    sell spades to those digging for gold if that's the expression..

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    Default Re: Where's the big money?

    Quote Originally Posted by Roparadise View Post
    With $2million in the bank,at a modest 1% interest rate,you could withdraw $5,000 per month for 40 1/2 years before you would run out of money.
    Well, someone with 2 million dollars would not invest in a measly bank account.. Mutual funds in India/Brazil might draw draw 20% per year on the lower side. You could invest in gold/silver or other commodities or get into some private equaity fund!
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    Default Re: Where's the big money?

    you need big money to make big money...

    the ppc game is really the best choice once you have enough capital raised to test and optimize campaigns. by ppc i mean adwords, yahoo, etc not adsense. its not as simple as it sounds though, because your sales pages need to be legit or else no one will convert.

    instead of 20 shitty sites, i keep about 3 to 5 and invest hardwork and money into them hardcore.

    ha i wish i could say i made $50k a month though..getting closer though

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    Default Re: Where's the big money?

    Big money is in being the boss/owner. Doesn't matter what industry you're going into. THAT is your common theme.

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    Default Re: Where's the big money?

    Quote Originally Posted by seoguru13 View Post
    Well, someone with 2 million dollars would not invest in a measly bank account.. Mutual funds in India/Brazil might draw draw 20% per year on the lower side. You could invest in gold/silver or other commodities or get into some private equaity fund!
    Basically I agree with the first part but the second is just not true. The first rule in solid investment is diversify, the mutuals can get you these returns but they only pay this because the risk is high. Spread the money into diferent things or risk losing it all. Furthermore I can tell you right now that most private equity funds have had a REALLY low roi the last couple of years. Aside from that most of them will still take a generous fee even if they lost a shitload of your money. My advice would be to invest your money yourself and only in things you know. This can be anything from stocks to setting up small local businesses. But ofcourse this requires starting capital to invest in the first place.

    I still think the big bucks are made by people that have a good idea, set up their own shop, start small, work hard & smart and also have a bit of luck. If you play your cards right the shop will grow into an enterprise and you'll be able to cash out by selling it. Then buy your own island and drink caipirinhas with your hot wife knowing that you are set for life.

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    Default Re: Where's the big money?

    Quote Originally Posted by seoguru13 View Post
    Well, someone with 2 million dollars would not invest in a measly bank account.. Mutual funds in India/Brazil might draw draw 20% per year on the lower side. You could invest in gold/silver or other commodities or get into some private equaity fund!

    "Investing" in gold isn't the best way to make money with gold, the best way to make money with gold is to start a "Cash for gold" business,many of them only pay 20-30% of the value of the gold in an item. Then you sell it to a smelting company which can pay up to 60% for the gold.
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    Default Re: Where's the big money?

    I think if you want to make big money you can't just stumble into it. You have to have two things.

    #1 - Want it and work hard. You have to want it so bad that you'll do anything for it and will work harder than anyone else to get it.

    #2 - Have a plan. Serious business people/investors/VC's require a plan. You have to map out your idea into a logical business proposition. There's a reason Project Managers make big money, they can see the plan and make it happen. Do you have a plan? And how are you going to make it happen?

    One of the next big businesses is going to be the Marijuana industry imo. Get in on the ground floor of that behemoth, and you'll make big money. How? You can make big money with an idea or a product. Come up with some ideas and then create your product and sell it to the masses.

    Also, an idea can be sold as well. What's your idea? Who do you want to target? How will you get in front of your audience? How will you make money off your idea?

    Edit: One last thing. You have to make your money work for you. When I was a kid my dad owned a convenience store/gas station. We were sitting at home and watching TV and this commercial came on for some infomercial selling MLM type shit. My dad laughed and looked at me and said: If you want to make money, you have to have your money working for you, not working for money. I'm making money right now watching TV because I have my money working for me. That's how you make real money.
    Last edited by hispdcha; 02-10-2012 at 06:17 PM.

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    Default Re: Where's the big money?

    While Virus has a good point, we have to also be realistic. Chances of starting the next big thing like Groupon are SLIM, especially if you lack the resources. I'm not saying it isn't possible, but if you don't have the resources, it's going to be 99% luck. So work your way up the food chain.

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