Is earning 6 figures possible through IM?

To make $100k is the same difficulty as to make $3000.
If you can make $3000, you can make $100k too.

It's just scaling.

The hardest part is to make your first $1000 per month, $2000 per month and so on.

It is not a dream anymore to make six figures online, you just need a good product/service, and a good experience to market it properly, experience comes from trial and error!
It ain't easy but certainly possible!

Yes! But what do you consider IM? SEO? Yes. Dropshipping? Yes. Blogging? Yes. Find niches that gives you pleasure and 6 figures will come. Not monthly, but its fairly possible every 90/120 days or so.

splishsplash said:

Most people are not making 7 figures.

I would estimate(IM figures, not including real jobs):

50% make nothing
30% make < $500/mo
10% make $500 to $1k/mo
5% make $1k to $2k/mo
3% make $2k to $4k/mo
1.5% make $4k-$10k/mo
0.4% make $10k to $30k/mo
0.1% make $30k+/mo

$100k/mo+ it'll be about 200-300 people max
$300k/mo+ about 50


So about 1% will reach 6 figures, and less than 0.1% 7 figures. Especially if you're talking a yearly and not spike days.

Remember, 70-80% of the people saying what they earn, aren't making that.

I can tell you from experience, and I won't tell you even rough numbers of what I've made or make, that when you are making money you do NOT want other people to know. The more you make the more you want to keep a low profile. People who boast do so because they get their kicks from boasting. People who actually earn big get their kicks from their business and don't want the attention.

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Great response, but i think OP was referring to annual revenues as opposed to monthly. Obviously, 6/7 figures per month is an overstatement. For christ's sake, what would they be selling to make that crazy amount of money?

KelvyTheBlacky said:

Great response, but i think OP was referring to annual revenues as opposed to monthly. Obviously, 6/7 figures per month is an overstatement. For christ's sake, what would they be selling to make that crazy amount of money?

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$100k/yr is $8.3k/mo, so that's still < 1% of the forum.

7 figures a month is a lot, yes.

6 figures a month not so much. $100k/mo is only $1.2mil/year. That's not a particularly large turnover for a business, but most people you run into on a forum do not own $1mil+/yr businesses. But even if it's only 0.1% in that range, that's still several hundred, up to about 1000 people here. $1mil/year is the mark for a successful business. It's a good minimum to strive to.

7 figures per month are very serious businesses. That range it has to be things like a big info business, SaaS products. You won't really be making that from SEO. You *could*, but it's very specialist and if you go that route you're more likely someone who is buying and selling sites. The top SEO guys tend to make $50k to $300k per month.

You can make 6 figures a month from blackhat stuff too. It's harder these days than it used to be, but it is hell, and always has been hell. It's unstable. One day you're making $10k/day, the next you're making $2.

But 6/7 figures a month is not a crazy amount of money. It is reachable for someone who is dedicated to their business and actually masters marketing, copywriting, funnels etc. It's just out of reach of most people who are looking for a "method" to make bank

Adam718 said:

To make $100k is the same difficulty as to make $3000.
If you can make $3000, you can make $100k too.

It's just scaling.

The hardest part is to make your first $1000 per month, $2000 per month and so on.

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No, just no.

This is just a thing people like to say and have been saying for years. It is not true at ALL.

It's partially true at lower levels. If you can make $20/day, you can probably make $200/day, but that doesn't mean you can make $2000/day.

There are exponentially more issues as you scale. IF you can scale. There's not always a market to scale.

Someone might be able to make $5k/mo targeting a small group of people with facebook or youtube advertising. That group could be warm traffic(knows they have a problem, knows there is a solution, but doesn't know you personally).

Then to scale to $10k/mo with that traffic it might be too expensive, so they have to target cold traffic (knows they have a problem, but not what that solution is. Ie, cold has back problems, warm has back problems and knows chiropractic care will help, and hot has back problems, knows chiropractic care will help, and knows you, Jim, the Chiropractor).

So to scale to just $10k/mo they have to create an entirely new funnel to profit from cold traffic. Very few people can do that. You have to be VERY good.


Let's take SEO as an example.

You've hit $5k/mo.. Now let's scale 10x.

How?

To build a $5k/mo website, you need to invest $10k to $25k. It isn't guaranteed, and it takes a year to build up to $5k/mo on average even with a $25k/mo investment(You just have a higher chance of success doing it in 1 year rather than 18 months with 25k over 10k )

And this assumes you're already good and can replicate your success. In my experience most people can't.


Then we've not even talked about scaling from $50k/mo to $500k/mo. You have a whole new set of problems there. Support, problems with your product, bank problems, legal problems, managing staff, managing that many customers, managing that much money.

So, scale really does only apply from $20 to $200, and even then, not in all cases.

You need to buy a gourou course on youtube and you will get rich for sure!

splishsplash said:

To build a $5k/mo website, you need to invest $10k to $25k.

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Sorry what? I bought a domain for 8 bucks and put it on my hosting (80 bucks per year but got 30 other websites on there), wrote content and started off- and onpage SEO - thats it. It also depends who you target and how you monetize it. I have no clue how you come up with these numbers.

nakamura said:

Sorry what? I bought a domain for 8 bucks and put it on my hosting (80 bucks per year but got 30 other websites on there), wrote content and started off- and onpage SEO - thats it. It also depends who you target and how you monetize it. I have no clue how you come up with these numbers.

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Experience.

https://www.blackhatworld.com/seo/no-seo-best-seo.1174800/

https://www.blackhatworld.com/seo/is-im-getting-harder-nowadays.1170552/

These posts contradict what you're saying to me above.

Also, you got a domain for $8 and hosting for $80, ok. Was your off-page SEO free? The pbns you built, were they free?

It's pretty damn hard to just get a domain, write content, get free links and make $5k/mo in any reasonable timeframe.

You even admit yourself IM is getting harder, which is why yes, if you want to make $5k/mo, reliably, you have to invest at least $10k. This doesn't mean there arent outliers. Some people have $50k/mo sites that they invested $200 in. That doesn't mean that is the norm, as you know yourself.

nakamura said:

Do you know every time I tell people what I do, how much money I made (they ask me about it when they see my condo or car) their first question is: "what did you study?" - I didn't go to university, even tho I went to college and have a good degree, but in my last year of college I already earned more than my teacher. So I didn't enter the university (I can enter anytime tho) but focused on scaling what I did. Do you guys know how much of a pain it was to earn a few thousands, but to keep studying and going to college every single day for 5-8 hours? It made me sick (it was a good way to safe lots of money tho, cuz I didn't have time to spend it)

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Can definitely approve what nakamura said. I've been in kind of the same situation where i dropped my apprenticeship and left my "stable" job which i got abused at (meaning i didn't do the work i should've done, i was the bitch of the company who always cleaned the goddamn coffee machines). Was one of the times where i was at the lowest point in my life when my ex-gf broke up and my side-hustle income got worse and worse. You don't wanna know what goes inside someones mind when everything just falls apart in a matter of weeks/months. It's like you have nothing to live for anymore. But that is entrepreneurship.

nakamura said:

Just take a look on BHW and how many people want to get spoon-fed. Just take a look how many people are willing to spend HUNDREDS or THOUSANDS for COURSES just to get spoon-fed. Its insane.

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And the sad reality here is, they will not succeed. I can guarantee that 99% of those people will not succeed because they are lacking the mindset. The mindset to go through all the stuff that comes with entrepreneurship. It's a hard journey and you will fail. But you have to get back up again and try again. It's not about how many times you have failed, but how many times you tried again, tried again, and again and again. This shit is not made for everybody. This is for serious people with serious mindsets and all of the "rich people" usually always have something in common. They went through a challenging time. A really challenging time. But they kept grinding and moving forward. Thats what life is about. Moving forward, even when you fail.

Heiko said:

Can definitely approve what nakamura said. I've been in kind of the same situation where i dropped my apprenticeship and left my "stable" job which i got abused at (meaning i didn't do the work i should've done, i was the bitch of the company who always cleaned the goddamn coffee machines). Was one of the times where i was at the lowest point in my life when my ex-gf broke up and my side-hustle income got worse and worse. You don't wanna know what goes inside someones mind when everything just falls apart in a matter of weeks/months. It's like you have nothing to live for anymore. But that is entrepreneurship.


And the sad reality here is, they will not succeed. I can guarantee that 99% of those people will not succeed because they are lacking the mindset. The mindset to go through all the stuff that comes with entrepreneurship. It's a hard journey and you will fail. But you have to get back up again and try again. It's not about how many times you have failed, but how many times you tried again, tried again, and again and again. This shit is not made for everybody. This is for serious people with serious mindsets and all of the "rich people" usually always have something in common. They went through a challenging time. A really challenging time. But they kept grinding and moving forward. Thats what life is about. Moving forward, even when you fail.

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Thank you for this.

It’s what a lot of people on this forum need to hear.

We all go through very shitty times in our entrepreneurial journey, I just got out of a period like that.

Hopefully your message will help people currently struggling in that dark time when everything just goes to shit.

Those times do get better, as long as you don’t give up

I don’t get out of bed for less than 6 figs A MONTH.. anything below is a bad month in my books, they’re few and far between now though and just shy of the 6 figs when they do make that rare appearance.

That’s always my target each month.. so if things are slow at the start I’ll buckle down, some months it just comes flying in, others it takes a lot more work and hustling.

Don’t kid yourself though.. it takes years of work to get to those numbers consistently month on month, it doesn’t happen over night. Keeping motivated, constantly improving, growing and innovating your products/projects is the key.

The biggest tip I could give and it doesn’t matter what industry you’re in - Quality product, solid customer service and honesty.. get those 3 things in line and you’ll go far.. and you’ll be able to charge what you’re worth not buttons, I don’t fuck about with small fry stuff it’s not worth my time or experience now, again though this took a decade to accomplish.

The ones that try to fake it with gimics or cheap products dressed up as quality (ripping their clients off) you’ll soon see get blasted, I’ve seen 100s in just my industry alone come and go over the past decade due to those errors.

Easy? definitely not

Achievable? Hell yeah.

Especially per year? of course!

You can earn even more than that, just you should know what you are doing and do it well!


MAIN TIP - If you are earning money from any method, then RE-INVEST right away! Re-Invest right away and scale scale scale scale scale!

I know a few guys who have made a few million from IM so 6 figures a year is for sure possible if you stick with it.

It's possible for sure if you know what to post and how to monetize your content. It was easy before than what it is right now. But with the right strategy, you can earn 6 figures.

Yes it is possible - I think most of our BHW members are earning more then 6 figures