How Much Capital Is Needed To Generate 70k?
- Thread starter Tall_Mike
- Start date
D
Deleted member 1264815
Guest
It depends on your knowledge mate.
You can have 50k to invest and still fail generate 50-70k a year.
You can have 500$ and generate 50-70k a year .
You can have 50k to invest and still fail generate 50-70k a year.
You can have 500$ and generate 50-70k a year .
Tall_Mike
Regular Member
- May 24, 2020
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is this assuming your monetization method is amazon affiliate and or ads?
- Dec 26, 2013
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Depends on your skill level and if you need help.
Typically you need to be prepared to invest 3-12 months worth of income. Taking the average of what you said as 60k that means you would have to invest between 15k and 60k to achieve a 60k income in im.
- Jan 16, 2017
- 5,074
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It's not a matter of capital; fools and their money are soon parted.
What matters is your knowledge, experience, foresight, and skillsets.
Doesn't matter if you have $10m to invest for a $50k-per-month business, spend and invest resources wrongly and you can churn through any amount.
What matters is your knowledge, experience, foresight, and skillsets.
Doesn't matter if you have $10m to invest for a $50k-per-month business, spend and invest resources wrongly and you can churn through any amount.
- Jan 23, 2015
- 5,621
- 11,287
It really all depends, from my experience, everything is possible!
First time I managed to get to around 70k/year, I did it without a single $ of investments.
Few years later, I was on the top again.
Again few years later, with money in my pocket I couldn't do it!
Story is long, but you'll get my point here.
Sometimes money is not key factor, sometimes you just "get lucky", in most cases, of course, knowledge is key factor.
Anyway, you can do it with few dollars, you can do it with $10.000.
You can also lose everything.
Never invest what you are not prepared to lose.
All the best!
First time I managed to get to around 70k/year, I did it without a single $ of investments.
Few years later, I was on the top again.
Again few years later, with money in my pocket I couldn't do it!
Story is long, but you'll get my point here.
Sometimes money is not key factor, sometimes you just "get lucky", in most cases, of course, knowledge is key factor.
Anyway, you can do it with few dollars, you can do it with $10.000.
You can also lose everything.
Never invest what you are not prepared to lose.
All the best!
shuttershades
Senior Member
- Oct 26, 2013
- 909
- 515
From 0 to hero and from hero to 0.
Forget about investing if you don't know where to invest.
In my opinion these days you have much more resources to start, than 10yr ago...now you can have free domains (not tk,cf and other s***), you can have free hosting, you have many free Internet Marketing Courses, and other free things, or almost free.
proxified
Elite Member
- Aug 16, 2009
- 2,651
- 1,979
Time = Money
You can invest time and earn that 50-70k/year OR you can spend money and save the time to make that 50-70k/year.
More time you spend, more money you save.
More money you spend, more time you save.
Most online ventures & businesses which would generate under a million $$ an year can usually be started for less than $1000 initial capital and since most people entering into digital world these days don't even have that initial $1000 they tend to make that $1000 first with whatever skill they possess by investing time, then invest money and time both towards their goal.
You can invest time and earn that 50-70k/year OR you can spend money and save the time to make that 50-70k/year.
More time you spend, more money you save.
More money you spend, more time you save.
Most online ventures & businesses which would generate under a million $$ an year can usually be started for less than $1000 initial capital and since most people entering into digital world these days don't even have that initial $1000 they tend to make that $1000 first with whatever skill they possess by investing time, then invest money and time both towards their goal.
Carnaged
Supreme Member
- Nov 7, 2017
- 1,306
- 1,499
amazon affiliate... after years ud only make 1k nowadays
HustleTong
Elite Member
- May 30, 2019
- 13,466
- 10,660
Depends on knowledge and expertise (Unless you're not looking forward to some kind of JV)
It's always better to get started with scaling stuffs already in progress. If you're in a seasoned niche, fluctuation breaks down further.
It's always better to get started with scaling stuffs already in progress. If you're in a seasoned niche, fluctuation breaks down further.
D
Deleted member 1333509
Guest
If you have the right skill, $0 investment
Tall_Mike
Regular Member
- May 24, 2020
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I know the basics but wouldn't consider myself an expert by any stretch.
Tall_Mike
Regular Member
- May 24, 2020
- 201
- 41
This is assuming what type of monetization method?
Tall_Mike
Regular Member
- May 24, 2020
- 201
- 41
Can you give some examples of the business models?
Can you elaborate a bit on what you mean? What do you mean by scaling stuff that is already in progress?
stepdub
Supreme Member
- Dec 25, 2016
- 1,330
- 1,451
Depends on what path you take. If freelancing, then $100 is all that's needed. If starting a business then 5k to 10k startup capital. And a years of hustle before you start seeing such figures consistently.
YujinTan
BANNED
- Jan 7, 2018
- 4,971
- 971
I guess those doing site or flip domain , " IF " one day a Company or best a Big Corporation happen wanna get a domain suit for their brand company name, and happen you got domain suit them,
they will fork a lot money buy from you? I do remember there are cases, Some big corporation go buy a domain which register under other name they fork near million or so to buy over. , Guess that is really Luck