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#Follow me, on my journey to $500,000/y by 2014

Discussion in 'My Journey Discussions' started by Pollux0R, Feb 4, 2013.

  1. Pollux0R

    Pollux0R Registered Member

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    Hello BHW,

    Officially decided I'll make a journey thread to help coordinate my thoughts and effectively execute them all seamlessly.

    A little bit about myself: I've been apart of the Internet marketing community for approximately 2 years now (was on other crappy forums), and have made my share of money in the CPA/viral world. I recently decided that it would be in my best interest to "change my ways" and focus on long-term/more sustainable business models; so I did my research and made my decisions on what I should pursue. So, before I explain my 'gameplan' let me help you understand where I currently stand. At the moment I am overseas taking a year off of college (i'm 19 years old), and have no access to my paypal account/funds. So I'm working with a $0 budget, and a nearly ending hosting service. Now to the 'gameplan':

    Gameplan
    The following is how I hope to go from exactly $0 to $500,000/y in approximately 1 years time:
    PS. On a side note, for the noobs out there, you have to realize that reaching that amount of money - in ANYONE's case - is achieved through a number of incremental steps (start off making $10/d >> $100/d >> $1000/d etc, there are no one hit wonders in earning an honest income, that's just how this world works.).

    (more info on each step will be explained in detail as I get to each one during my journey)

    1) Web Design/SEO Offline services
    • I personally am a web designer, but will first take some time to brushing up my skills by copying/twisting niche-specific wordpress sites.
    • Once I make enough and am competent with my abilities, I will build a service site (similar to http://createmy.com)
    • Next I will begin using my secret method for finding web design prospects & pitch them by email only (wish I could mail/follow-up cold call but i'm too far away)
    • Outsource work to 2 cheap web designers
    • Reap in the semi auto-pilot income (marketing will be on me)

    Projected Revenue = $5,000/m
    Costs = -$2000/m (workers)
    Projected Profits = $3000/m

    2) Biz-Opp Email Marketing (using the above money)
    • Locate high gravity clickbank/clicksure products
    • Split test: a) buy biz-opp leads and direct link or b) generate my own leads via ppc/media buys to my LP >> collect emails >> forward to offer.
    • Test, build list, test more, build big list, test even further...you get the idea
    • Reap in the rewards $$$

    Projected Revenue = $10,000 - $40,000/m
    Costs = -$2000 ~ -$4000

    Projected Profits = $8000 - $26000/m
    (Forgot taxes which are gonna suck. Deduct 14%. Also, at this point will somehow try and sell my web design 'firm' for a high ticket price of $100,000, and help out some of the less fortunate with it)

    3) *PRIVATE NICHE* Lead Generation (the biggest project of all)
    • Will create the lead generation service site.
    • Create LP's & map out advertising plan
    • Once ^ is established, I will then market out to buyers.

    Projected Revenue = $40,000 - 60,000/m
    Costs = -$5000/m (advertising)
    Projected Profits = $35,000 - $55,000/m



    Phew, well that's my entire gameplan. I seriously hope I don't veer off this course at any point during this whole year, as everything above is achievable (NOTE: IT'S NOT EASILY ACHIEVABLE, BUT NONETHELESS IT IS DOABLE). Anyway, since I can't fight the urge, here are the projected figures overall & a few lower-yielding safe investment ideas:

    Total Revenue = $50,000 - $100,000/m
    Total Costs = -$9000 (approx.)
    Total Profits = $41,000 - $91,000/m


    Future Offline Investment Ideas (within next 10 years):

    1. Create a pharmacy chain in Sudan (will introduce to them, to the idea of a pharmacy + store together, like cvs, rite aid, walgreens etc).
    2. I inherited a Manhattan brownstone apartment complex profiting $5,000/m, and which sells for $1 million, so I plan on setting aside $300,000/y or so, until I bought 10 more brownstones (preferably on the same block) = $50k/m
    3. Establish a not-for-profit charity in my home country (Sudan). I will create a system in which we locate those most in need, then locate stores within their locale, and pay stores around $100/m per family ($100/m is enough to cover them for food easily since costs arent that high). So with a cap of $200,000/y, that would allow me to provide for 2000 families just from my money. I'd most likely then open up to donations from wealthy individuals (my uncle is actually a multi-millionaire so that should'nt be a problem)

    At the end of the day, I'm looking to both 1) Become a wealthy individual and 2) Be as selfless of an individual as I could become

    It's definitely going to be a long-stretch, so to remind myself, and whoever has read up until this point:

    Action cures fear, inaction creates terror.
    - Douglas Horton
     
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    Last edited: Feb 5, 2013
  2. Pollux0R

    Pollux0R Registered Member

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    Will begin working tomorrow and then update you guys on my progress!
     
  3. Aaric

    Aaric Elite Member

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    Cool
    Have some sleep before the big start.
     
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  4. Pollux0R

    Pollux0R Registered Member

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    Thanks yeah it's 2 am atm here, looking to be as productive as possible for maximum r.o.w
     
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  5. rettaibi

    rettaibi Regular Member

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    Good luck man,

    Looks like you know what you're talking about
     
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  6. Pollux0R

    Pollux0R Registered Member

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    Yeah, I like to think I do :p
     
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  7. Pollux0R

    Pollux0R Registered Member

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    Day #2 [Web Design Journey]

    Was pretty lazy today, but have been taking action for the past hour or so. At the moment, I am building up my list of web design prospects that I will pitch to. However, I will apply a twist to the sale aspect. I will advertise a free website service, and inturn simply make money off of the hosting affiliate commissions for the first 10 customers. I could charge but I feel like I'd atleast need a website to achieve better ROI. So with 10 customers I'll have $650, which I'll then invest in a hosting re-sellers account, business database, and a direct mailing service. Then I'll either create: a) a branded service site with fixed prices (higher volume, lower prices) or b) a personal web designer site, with no prices and a quote form (less volume, higher prices).

    Anyway, I'm still gathering my list, 10 customers won't be that easy to land (without a business database), so I'll let you all know how I do.
     
  8. Pollux0R

    Pollux0R Registered Member

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    Day #3 [web design journey]

    Sorry for the late update. Got back to listing potential clients, and so far I have a list of 30~ highly targeted & pitch-able prospects.

    Next
    I will sift through this list and remove any prospects who'd probably require bigger sites (I'll save them for later and offer my services for a price-point instead), and keep those who I could easily create a site for.

    After that I will begin pitching them on a "Free Website Design". Pitches will be conducted via email only (can't call since i'm overseas), so i'll be working on a strong sales letter, for that I will be referring to "Ultimate Sales Letter" by dan kennedy. **Edit: While "Ultimate Sales Letter" seems to be fairly reputable, I actually began reading "Mind Control Marketing" by Mark Joyner instead, and I'm pretty much speechless at this point. Not only will I be able to form a strong sales letter with this, but I think the lessons given in this book will aid me on all my IM projects.

    Stats: 0/10 Landed
    $0/$650 earned
     
    Last edited: Feb 6, 2013
  9. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Interesting journey :)

    Go big or go home!!!!

    Good luck, 1 bit of advice... focus on 1 thing.... then diversify.

    Think about it.... the best basket ball players did not play 3-5 different sports, bill gates did not start 5 different projects... Google did not do 10 different things....

    they only diversified AFTERWARDS.
     
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  10. Pollux0R

    Pollux0R Registered Member

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    Thanks for the reminder, and yeah I had my share of work overload in the past, not repeating that mistake twice :D . And yeah, I forgot to mention that the plan is to start #1 and work on it until I can get it running on autopilot. From there I will focus on #2 (which I am thinking of changing to a more aggressive Biz-Op monetization other than CB), and then #3. But yeah, point taken, I'll be sure to take things one at a time, thanks once again!
     
    Last edited: Feb 6, 2013
  11. Pollux0R

    Pollux0R Registered Member

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    Day #4 [web design journey]

    Did some good work today. So far I sifted through my list - separating prospects by whether or not a free wordpress theme exists for their niche - and of the 48 prospects, 21 are pitch-able while 27 aren't.

    With that info, I then broke that list down by niche, and since my list mainly consists of a particular one, I decided I'd create a sales letter for them first. Made sure to check over my sales letter multiple times and i'm totally convinced it's strong.

    What's holding me back atm from sending the emails is: 1) I need to make variants of the original sales letter to accommodate each business, 2) I'm trying to setup a way to view who actually reads my messages (http://www.ehow.com/how_4903356_tell-someone-read-sent-email.html), and 3) Want to wait for the best time to message each business (according to what time it is in their country - so 2pm their time).

    Will do those then I will immediately fire off the emails!
     
  12. Pollux0R

    Pollux0R Registered Member

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    Day #5 [Web Design Journey]

    Just quickly updating you on the above 3 tasks:
    #1 - done
    #2 - found out this function in gmail is restricted to certain types of accounts (business etc.)
    #3 - currently 4pm here, i'm waiting till it's 9pm cause at that time it will be around 1 pm in most of my prospects time zone.

    Anyway, first targeting one particular niche (w/ 6 ppl) then moving onto the rest.
     
  13. Pollux0R

    Pollux0R Registered Member

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    Day #6 [web design journey]

    Bad news, sent out 10 emails, got 0 replies. Thinking it could be the clients i'm contacting - I'm finding people who need re-designing to their website, which may require a phone call; and quite frankly i'm just far too unmotivated to try my luck with the other 11 prospects. Now thinking I should look for businesses with no websites, but with $0 capital I cant pay for access to those business databases, so back to the drawing board.....

    Btw here is my sales letter:

     
    Last edited: Feb 10, 2013
  14. GudGudIkram

    GudGudIkram BANNED BANNED

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    Well here if you are expecting to find low cost designers. Here we are a small web designing company that designs for just $100 with Domain & Hosting.
    You can redirect your orders to us. We earn $100, you sell for $200-300 you earn $100-200/site.
    By online marketing you may get about 50-60 sites/month.
     
  15. ReALeST

    ReALeST Power Member

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    Good luck op.....I suggest u cold call ur prospects before moving on to another email blast and try to close the deal:)
     
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  16. Pollux0R

    Pollux0R Registered Member

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    Yeah, only problem is i'm overseas. I'd be sending them physical mail/follow-up calling if I could, but I guess i'll just have to wait till i'm back home. :(
     
    Last edited: Feb 10, 2013
  17. facebookdude

    facebookdude Elite Member

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    I'm on a similar journey to your Web Design journey as I am selling my services to clients. Here are a few tips I can share:

    1. Clients like to see YOUR website. Selling web design but emailing from a gmail account is not a good look. Get a website!

    2. Now your emails will be coming from john@webdesignerbla.com - Send test emails to different accounts and see if your emails are being marked as spam. This will happen with a lot of shared hosting plans but simply hit the support up and get them to request your host IP be taken off the blacklists.

    3. Now you're ready to go! But 10 emails isn't going to do it man. Download an email scraper [I use scrapebox] and get like 2k emails of law firms or anything you're targeting and blast away!

    Wait for the replies and start banking man!
     
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  18. MixerDJ

    MixerDJ Regular Member

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    Good Luck Buddy in your journey !!
     
  19. Pollux0R

    Pollux0R Registered Member

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    Funny how such basic things never occurred to me, lmao thanks a lot man. And yea now that I think about it, I might as well charge a price for this If i'm gonna make a service site..once again thanks a ton!!
     
  20. ReALeST

    ReALeST Power Member

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    I second hes last statement...scrapebox is a gr8 email scraper if u have the proper footprints.I sugget u get it and watch some tutorials from loopline.Linked u to 1 of hes vids below if ur interested!
     
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    Last edited by a moderator: May 18, 2016