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$50,000 By The end of 2010

Discussion in 'BlackHat Lounge' started by rod0014, Jan 6, 2010.

  1. rod0014

    rod0014 Newbie

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    I'm sorry if posting in the wrong section. My goal this year is to make at least $50,000 online by year end. I have been learning and trying different things with no success. But this time, I will put aside $3000 for investment.

    My question is: First, is it possible for a newbie like me to make that kind of money online. Second, what are my chances of achieving my goal. and third, what are your suggestion on the best way to start.

    I will update this thread on my progress throughout the whole year. I will spend the next couple of weeks doing research and working on a plan. I will also take note on some of the input that I will received from you guys, so your help will greatly appreciate.
     
  2. Jekashi

    Jekashi Regular Member

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    For your first question: Yes, it is entirely possible. 50k's now my personal goal for each month.

    Second question: That's completely up to you. I made $20k (roughly) in November and December and I started out just as you in mid-July.

    Third question: The best way to start is to just do. Do and see what other people do. If they do it a lot, there's a good chance that what they're doing works. Try to figure out what they're doing and then try to see how you can do it differently and better.

    As far as any ultimate advice I can give... I tried around 30 different things until I found something that worked well for me. So don't give up. As I saw posted earlier, "Failure is refusing to get back up."

    I look forward to seeing this thread as a journal that's actually kept up to date with. I love hearing about people who succeed.
     
    • Thanks Thanks x 1
  3. ifart

    ifart Newbie

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    Here's a free project a friend of mine is documenting, turn 100 into 100,000 through domain name flips. GL
    http://www.dotcomikaze.com
     
  4. CyHead

    CyHead Regular Member

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    yes it's possible, but you should set a smaller target so that you don't feel let down when you're not as close as you'd wanted. Try for $5000 your first year, it's a much more achievable goal.
     
  5. rod0014

    rod0014 Newbie

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    I'm sorry if I'm going to invest $3000, than 5k in a year is to small. The reason I choose 50k is because a great number of people in doing that in a year. My only problem is to find out how.
     
  6. leedaman

    leedaman Junior Member

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    i would try not to invest untill you have a system you KNOW makes you money then use your investment to scale it up twist it and scale it so then you will not waste any money on any method that might fail

    good luck with your goal
     
  7. Obay1

    Obay1 Regular Member

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    OK, this is a grand reply.

    First, do not invest any of that £3k yet. Start a waiter job first, get something like £20 a night from the standard + tips, this should cover you to RESEARCH before you invest into your new venture, research is important as that'll lead you to your victory.

    I say, do this first and then inject the 3k.
     
  8. Fireboltgirl

    Fireboltgirl Regular Member

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    ^^^I wish I'd done this^^^^^. Money is great leverage, waste it and you lose your best advantage.

    Your stars for 2010: Fortune smiles upon you as you find a new source of knowledge here on BHW which will make things cheaper as you won't be stuck in a constant sales funnel / buying IM crap that just repeats itself. With dilligence you will see favourable return on investment and cash flow improves towards the middle of the year.

    Good luck.
     
  9. seosutra

    seosutra Regular Member

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    questions likes these simply will tire u/ Action is the King here.. experiment experiment experiment till you hit sth !
     
  10. dragonizm

    dragonizm Junior Member

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    Yeah, definitely doable, BHW is a great resource -- go around and look at some methods and most important of all, take action. Spend time on doing the actually thing rather than just reading. Once you make your first $1, scale it up ;]

    Good luck!
     
  11. fujing

    fujing Junior Member

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    good luck my friend im aiming for something similar this year also
     
  12. Redez

    Redez Registered Member

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    50k in a month?! And you are already here to help us ... ? With 50k month I fly to an island and bye bye to all world :D

    Just a joke with my very bad English :rolleyes:
     
  13. ClownBaby

    ClownBaby Power Member

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    i would love to just sit and talk to you for a while! sure money is good but i am also looking to have fun with my projects a bit. care to help me with my venture? id gladly split the profits with you too.

    FYI,

    if owners of blackhatworld are willing to just help expedite my learning process, i will GLADLY donate some SERIOUS CASH to blackhatworld as a big thank you.
     
    Last edited: Jan 6, 2010
  14. xtremis

    xtremis Newbie

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    I work 8 hours at day and I get about 500$ at month..what am I doing wrong..
     
  15. rod0014

    rod0014 Newbie

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    I bought 2 domains today. I will spend the weekend for my keyword research. I'm sorry for the people that want me to keep my money. I have to invest for contents and backlinks. I have a long term plan, and I cannot fail. I have to succeed.

    I already have a site that is making some money around $300 - $400 a month. That money will be reinvested. I will do a few xrumer blast in the next few months to increase my traffic.

    With 1000 unique a day I'm making on average $350/month, with 10,000 unique a day I should at least make 2000/month. This is an adult blog.

    2000/month = 24,000/year. I'm half way to achieving my goal of $50,000/year

    Any idea on how to increase traffic? I have already 30,000/unique a month.
     
  16. ethan1

    ethan1 Newbie

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    Are you paying for your traffic???
     
  17. rod0014

    rod0014 Newbie

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    No. Half of my traffic came google.
     
  18. theleadsource

    theleadsource BANNED BANNED

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    @OP, you can certainly make 50K in a year with a 3K initial investment. On one of my projects, I spend about 450.00 - 500.00 a month and that project returns to me no less than 6500.00 a month.

    On another project, I spend less than 300.00 a month and I get in return between 1500.00 and 1800.00 in return.

    On a third project, I spend less than 50.00 a month and the return on that is just under 1000.00 monthly.

    Those are just three things I have going on and I am certainly not anywhere near as smart as most of the others here and my technical knowledge is very weak.

    If you do not mind doing the work, the revenue is certainly there.
     
  19. rod0014

    rod0014 Newbie

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    The money is there, but finding the right project is difficult. The problem that I had before is that I'm looking to find something that I could do for a long time and turn it into a business. Just like you I'm focusing on 3 different projects and I know that people have been making money money with them. All I have to do is to add my own twist to them and cashing.

    My biggest project will be a membership site. I have been thinking about it for almost a year. I was a member of 2 different sites and I believe these guys were making at least half a mil a year with there site. Now it's my time to make some money.

    * Working on my Plan - will keep everyone updated on progress!
     
  20. theleadsource

    theleadsource BANNED BANNED

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    I actually have more than three going on but those are the only ones I spend money to promote. The other sites I operate are driven by article marketing as I write as many as 60 articles a week.

    I split the articles between ezine and linkwheels and generate revenue from that traffic with CJ and clickbank.

    I know nothing about membership sites... all my sites, with the exception of 4, are business and business opportunity sites. The other 4 are boating related and I probably should have not even bothered with them except I enjoy boating with my wife and friends.

    The cash is there for sure once you decide what to do with your flavor on it.