How to Make 6 Figures Online - A Post You'll Need

[HustleTong]

Put all your energy into it and don't make your goal to make money, make your goal to be the best at this thing. The money will follow that

Absolutely splendid. When we ought to chase what we're good at, money follows.

 

[splishsplash]

Absolutely splendid. When we ought to chase what we're good at, money follows.

Yeah exactly. This is why you should choose what you enjoy. There's money in everything, but when you choose what you enjoy it becomes enjoyable to build something up every day for a long period of time.

 

[Ravi Davda]

Hey everyone,

I just felt a bit of random inspiration, as I often do before I write posts.

I've been in business for a long time, and I've had a lot of ups and downs.

Because of that experience I've really come away with an incredibly solid understanding of exactly what you need to succeed in online business, or any business for that matter.

If you follow this mindset and these instructions, then you absolutely will succeed, no matter what you've tried, how many times you've failed or how dismayed you are.

Now.. This is why almost everyone fails. This rule is almost absolute. In all my years, with all the people I've talked to, all the interviews I've watched, all the biography's I've read, I cannot think of 1 single example of someone who's succeeded who has not done this.

Massive, relentless energy put into ONE single focus for a long period of time.

That's it.

NO ONE does this. Not even close.

People try something for 2 weeks, then give up and move onto the next shiny thing.

Others try something for 3 months, then give up. Yeah, still not enough.

Most think you can make money by running some process like it's a job. Set up this, do this, do that, and boom you're making money. It doesn't work like that.

You can make $100k/year, in pretty much ANYTHING. Making videos, podcasts, creating training products, dropshipping, creating a product, re-selling a product, affiliate marketing in any niche, consulting, selling little pink hairbands.

The way to succeed is to pick ONE thing, and focus hard on it for a full year of your life. Put all your energy into it and don't make your goal to make money, make your goal to be the best at this thing. The money will follow that. Minimum $100k/year if you've picked an absolutely dire business and you're massively lacking in skills/experience.


It's near impossible to fail if you do this.

Let's use an example of how most people approach something vs the correct way.

You decide you're going to make youtube videos about games, build an email list and sell something to those people via email and you do nothing but that for a year, you'll master it.

You wake up at 8am, yawn, and decide to sleep in.. There's no hurry, you can start after lunch.

zzzzz

You get up at midday and crawl over to the computer.

You lookup some affiliate offer for gaming. Good, job done.

Next, you sign up for some email marketing software with a free plan that allows affiliate offers.

Then, you make some half hearted video about gaming and upload it.

You're now SUPER excited, expecting to be well on your way making $1k/day automated money. The dream is almost your!

Next, you stick up your opt in page.

A few days later, you've got like 5 opt-ins for your email list. You email your offer anyway and no one bites.

Bah, screw this you say, and back you go to blackhatworld to find another juicy method.


Now repeat this, for multiple methods, for years, and you have your classic "Help! I've tried everything and nothing works" person.

Maybe you're not as bad as that, but most people aren't that far off.

Now, below is the mindset of the guys you see who have made millions of dollars online.


They make a plan. They research everyone else doing gaming videos. They take notes to see what's working and what people like.

They then create a few really good videos. Putting a lot of effort into them. Let's see what happens.

They're not even bothering with monetization yet. The first thing is to get good at the videos.

A couple of weeks just releasing videos, testing the waters..

Ok, not much traction. What do I need to improve here?

They start looking at more competitors and making tweaks to their own videos and getting better at editing..

3-4 weeks in, and they're starting to get some decent views, some people are commenting, things are moving in the right direction. Let's keep improving on that.

Let's work on getting more subscribers, more feedback, more interaction. Let's test some shit.


A whole month can just be spent getting good at creating the videos and getting some views into them.

Next they look into building a list. No selling yet. Let's just work on building a list and trying different schedules for mailing useful stuff.

Maybe I'll get really creative here and go out on the street and hand out flyers for my youtube channel and get people to check it out. Why not. Nothing to lose.


We're now 3 months in and they've got a decent little channel, a few hundred people on their email list that are regularly opening their emails and things are growing.

Now let's look into monetizing..

And on and on.


What's the result?

2-3 years later that's the guy with 100k subscribers, his own product, a big email list and is making $50k+ per month and now has vast experience in youtube, video creation, list building, email marketing, funnel building, monetization, product creation, product launches, upsells, downsells and more.

The first guy is still on bhw moaning about how nothing works and the world is full of fake-gurus.


If you cannot take that approach to your business, you're not going to succeed.

Amazing post. I know the answer is "it depends" but for a newbie, with the right attitude, how long will it take to get to 100k?

 

[maltiya]

Thank you for sharing this!. Absolutely priceless.

 

[the gent]

That first guy you're talking about, WAS me one day back in 2016-1017

Cool write up mate

 

[borowest]

This is what i needed to hear. Thanks for the write-up.

 

[Nut-Nights]

TL;DR : Pick One thing/method/stream and be consistent to achieve success.

 

[splishsplash]

Amazing post. I know the answer is "it depends" but for a newbie, with the right attitude, how long will it take to get to 100k?

1 year.

6 months if you're exceptional.

2 years if you're below average.

Anyone above 2 years isn't actually working. They're just pretending. It really is impossible to do 60 hours a week for a year and not at least reach $5k/mo with the ridiculous amount of things at our disposal now. There's click funnels, youtube ads, facebook ads, shopify, stripe, endless business tools and lots of high quality training products. It's never been easier.

Everyone always starts in SEO, which is one of the worst places to start in 2020. Great in 2010, but not now. If you've got no money and no experience SEO is an absolute hell realm and you'll struggle to make $100/mo after a year. There's very little you can do without money in SEO.

 

[leeahsing]

Thanks OP. I can't tell you how much I hate reading this but at the same time every single thing you said is the truth and the truth hurts.

OK I am going to stick to just one.

 

[thaw]

100% agree on this.

Would you agree that the best niche is something you enjoy doing? How do you find new interests?

 

[splishsplash]

100% agree on this.

Would you agree that the best niche is something you enjoy doing? How do you find new interests?

Not just niche, but the whole thing. It *must* be something you enjoy. You don't have to love it, but if it's something you really dislike you will not succeed unless you are a 1 in 1000 character with massive external motivation.

 

[Ravi Davda]

1 year.

6 months if you're exceptional.

2 years if you're below average.

Anyone above 2 years isn't actually working. They're just pretending. It really is impossible to do 60 hours a week for a year and not at least reach $5k/mo with the ridiculous amount of things at our disposal now. There's click funnels, youtube ads, facebook ads, shopify, stripe, endless business tools and lots of high quality training products. It's never been easier.

Everyone always starts in SEO, which is one of the worst places to start in 2020. Great in 2010, but not now. If you've got no money and no experience SEO is an absolute hell realm and you'll struggle to make $100/mo after a year. There's very little you can do without money in SEO.

How you going to do Ads without money?

 

[Ravi Davda]

1 year.

6 months if you're exceptional.

2 years if you're below average.

Anyone above 2 years isn't actually working. They're just pretending. It really is impossible to do 60 hours a week for a year and not at least reach $5k/mo with the ridiculous amount of things at our disposal now. There's click funnels, youtube ads, facebook ads, shopify, stripe, endless business tools and lots of high quality training products. It's never been easier.

Everyone always starts in SEO, which is one of the worst places to start in 2020. Great in 2010, but not now. If you've got no money and no experience SEO is an absolute hell realm and you'll struggle to make $100/mo after a year. There's very little you can do without money in SEO.

Also 60 hours a week? Hmm.

Surely most people who aren't earning online need other jobs too?

 

[t2van]

1 year.

6 months if you're exceptional.

2 years if you're below average.

Anyone above 2 years isn't actually working. They're just pretending. It really is impossible to do 60 hours a week for a year and not at least reach $5k/mo with the ridiculous amount of things at our disposal now. There's click funnels, youtube ads, facebook ads, shopify, stripe, endless business tools and lots of high quality training products. It's never been easier.

Everyone always starts in SEO, which is one of the worst places to start in 2020. Great in 2010, but not now. If you've got no money and no experience SEO is an absolute hell realm and you'll struggle to make $100/mo after a year. There's very little you can do without money in SEO.

Tom, I think you are a decent guy.

But I disagree.

There is a difference between profit and turn over. I know plenty of business that turn over mid to high 6 figures a year but don't see 100k profit in the bank at the end of the year. I'm not sure id call them 'pretending'

 

[traffic_freak]

This is so so true! While it's tempting to run off in every direction pursuing every shiny object, it'll do one a world of good to just look for that one thing that catches one's fancy, and then really zero in on it. I feel you op...really nice write up. Cheers!

 

[splishsplash]

Tom, I think you are a decent guy.

But I disagree.

There is a difference between profit and turn over. I know plenty of business that turn over mid to high 6 figures a year but don't see 100k profit in the bank at the end of the year. I'm not sure id call them 'pretending'

That's a *completely* different story.

It's an entirely different discussion.

A business with staff doing $1 million per year can have zero profit if it's investing back into the business. Facebook wasn't profitable for a long time.

There's also many scenarios.

There's the businesses making $1mil per year which are badly run and not actually making any profit PERIOD. They're just bloated full of staff and other costs that aren't needed. No business should be making $1mil turnover a year and not even seeing 10% net profit. That's a bloated business.

Different situation if it's a growth company that CANT make profit until they reach a certain stage and is relying on capital.

But examples of mid to high 6 figure businesses not making $100k profit are not examples of how business should be run. Anyone can run a $1mil/year business that makes $20k/year profit. It's called a nightmare. Working 80 hours a week for crap money and high stress.

Digital businesses run by 1 person are high profit. There's no need to make a distinction between turnover and profit.

 

[t2van]

That's a *completely* different story.

It's an entirely different discussion.

A business with staff doing $1 million per year can have zero profit if it's investing back into the business. Facebook wasn't profitable for a long time.

There's also many scenarios.

There's the businesses making $1mil per year which are badly run and not actually making any profit PERIOD. They're just bloated full of staff and other costs that aren't needed. No business should be making $1mil turnover a year and not even seeing 10% net profit. That's a bloated business.

Different situation if it's a growth company that CANT make profit until they reach a certain stage and is relying on capital.

Digital businesses run by 1 person are high profit. There's no need to make a distinction between turnover and profit.

But that digital business has to be service based then rather than product in order to "make 100k" but then I would argue if it's a business there is still costs involved either services, meeting clients etc so in order to "make 100k" online you still have to be selling or turning over more than that figure no?

Like you said there are a 100s of different situations and scenarios to each I just don't think a broad sweeping statement of make 100k online is that 'easy' or has a fixed time frame.

Digital businesses run by 1 person are high profit. There's no need to make a distinction between turnover and profit. Yes there is. Do you not pay any bills in 12 months or have any costs then?

But examples of mid to high 6 figure businesses not making $100k profit are not examples of how business should be run. Anyone can run a $1mil/year business that makes $20k/year profit. It's called a nightmare. Working 80 hours a week for crap money and high stress.

Well no because like I said "profit" for a $1mil/year business my salary could be taken out, costs for running that business, stock, office space, services what ever it may be. What ever is left after all them bills is my profit.

So if I have a high wage bill, high service costs (servers) or whatever it maybe as long as everyone is paid including me and money is the bank then how is that a poor business or a nightmare?

Like I said there is a difference between a turn over and profit. Profit is after all your costs.


In my opinion having a business doing a 100k a year vs having 100k in the bank after a year are TWO different things.

 

[Heiko]

What a great post! I see this more than often on BHW (sadly) where people come with the expectation of making money in the next couple of days/weeks. Sadly it's not 2012 anymore and even back then, you had to test your offers, websites, landers etc. and see what works. "Entrepreneuership" is the "new stylish" thing and it seems like everyone wants to jump on this train (especially Instagram Hipsters with 10k followers that call themselves entrepreneurs), yet no one of these people actually knows what it really means to be a real entrepreneuer.

It means going through serious struggles everyday, the fear of not getting enough money to cover your expenses, the fear of losing everything and the constant voice inside you that is telling you to stop and go after a regular job. The post of Tom is something that everyone that even wants to attempt to become a entrepreneur should read. You are not becoming an entrepreneur by sitting on the computer browsing on BHW, Facebook or Youtube all the time. You are becoming an entrepreneur when you put in serious, and i mean serious work.

And to be honest, most will fail, it's a lifestyle that is not for the fainted heart, really, especially in countries where the taxes are high and they want you to pay on time. But the ones that stick through the stress, anxiety and the fear will succeed, eventually. Heres a picture that kinda sums up my post:

 

[mohdqasim]

I tried this in the past two years with print on demand, built up a POD Shopify store, kept running ads through FB and paying Shopify fees every month and finally shut down the store few weeks ago and the journey ended up with a loss of around $6K
However, i don't want to give up and would like to get your advice on starting a new journey with an investment of $10k or $15K, what you recommend to start with?

 

[Daddykins]

It's simple, but incredibly effective. Even I have troubles with this. Spreading out on too many ventures all at once. When you should dedicate to only one.