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Considering the time you've invested trying to make money online, has it been worth it?

Discussion in 'BlackHat Lounge' started by MoneyChan, Apr 10, 2010.

  1. MoneyChan

    MoneyChan Newbie

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    Minimum wage in the United States is $7.25. At what point in time does a rational person just throw in the towel and realize it isn't going to happen?
     
  2. tacopalypse

    tacopalypse Executive VIP Jr. VIP Premium Member

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    it's worth it if you don't give up

    and if you do give up then it's not worth it

    ;)
     
  3. paymymortgage4me

    paymymortgage4me Junior Member

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    I think too many people think IM is a get rich quick lifestyle. When one method doesn't work for them after a week they jump to a new method. In reality, if people stick to one method and learn it inside and out, they would be successful.

    I have spent years trying to make enough money to do this full-time, but I've never stuck with one method. But I don't look at it as work. I enjoy reading about IM and even though I haven't made big
    money, I don't think I've failed.

    Now I am finally sticking to one method and it's starting to pay off. Yesterday I made $1.60 with adsense. It's not much but it's a start. I know that if I continue what I've been doing and scale it up, that will eventually turn into $100 a day and eventually more.

    I'll never throw in the towel, because I enjoy it.
    Posted via Mobile Device
     
  4. oxonbeef

    oxonbeef BANNED BANNED

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    I don't try and make money. I make money.
    Your mindset will go a long way towards your success.
    Never think "try" Think "am".
    Never think "want to" think "are doing".
    Every failiure is step closer to your success.
    If Eddison gave up we'd be doing this in the dark.
     
  5. geteasymoneynow

    geteasymoneynow Regular Member

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    well if you know what you are doing you can make money
    if you do not set any goals well you are going to be set at the minimum wage
     
  6. xtc123

    xtc123 BANNED BANNED

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    I make money online. Wasn't hard to reach what I was getting when I was working for someone else either. I also get value from not having to work under someone who is unprofessional, etc.. Bottom line, i'd rather lick public toilets than ever work for someone else again.
     
  7. MoneyChan

    MoneyChan Newbie

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    I understand and I completely agree that if you're moving forward small steps at a time, then you should keep going. That is the case even if you're making a small amount of money. As long as you can see some measure of improvement, then you are on the right track. That being said, at some point (months or perhaps years down the line) you have to do some introspection. For example, if you do this part time for 20 hours a week and do it for six months, then you have invested 520 hours. At minimum wage, you could have earned $3770.00. I guess it depends on the individual but I think a person should consider the economics behind their actions.
     
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  8. OTrap

    OTrap Jr. VIP Jr. VIP

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    I had the luxury of being able to learn much of it on someone else's dime. Worked as a security guard for a few years, and ... well ... you've got a computer with Internet access and 50 minutes of each hour to yourself.

    If you're like me, you use that time to learn to make money instead of watching porn. :D
     
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  9. richcamp

    richcamp Regular Member

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    If youre doing it in the name of learning then its all worthed, even if you dont make money yet. And don't quit your day job
     
  10. tacopalypse

    tacopalypse Executive VIP Jr. VIP Premium Member

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    IM, when done the right way, isn't about trading time for money like your average job. IM is more like investing 10-20 hours to build a money generating system, and then just letting that system run on its own while you go to the beach ;)
     
  11. OTrap

    OTrap Jr. VIP Jr. VIP

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    Bingo. Eventually, the returns become exponential, as long as you stay dedicated and pursue everything you learn.

    Suppose that example is correct. Maybe after 520 (six months or so, maybe closer to seven months) hours of learning, you only make $100. Not a great return.

    However, after 1040 hours (520 more), you might have earned $500.

    After 1560 hours, you might have earned (520 more), you might have earned $5000.

    After 2080 hours, you might have earned $14000 (we're at about 2 years now, and $7K a year isn't bad for a hobby).

    After 2600 hours, you might have earned $25000.

    After 3120 hours, you might have earned $45000.

    After 3640 hours, you might have earned $75000.

    After 4160 hours, you could be up to $100,000 (we're at about 4 years, now, so $25000 a year isn't bad for this same hobby, I don't think). Notice, as well, that in the last six months alone, you are looking at about $25000. That's an average of $50K a year. Pretty good if you ask me.

    Now, this is just an example, of course, and there will always be obstacles to overcome throughout the process. However, this is the typical model of a successful Internet marketer. You find something that works, and you scale up. Then, you use what you've made and invest some into other areas of profit, so as to diversify your income streams and grow your profitability further.

    There is a quote floating around BHW in somebody's signature that is QUITE true, and very appropriate for this discussion. I'm not sure I have it word-for-word, but the gist of it is this:

    "Nobody fails at Internet marketing. Some just quit before success happens."

    This rings so true. It is a reminder of many people on here who are living testaments to the value of persistence and dedication.

    So, the answer is both yes and no. Is it worth it?

    If you quit at some point: No.
    If you don't quit at any point: Yes.