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Simplified train of thought for setting goals and making money

Discussion in 'Making Money' started by sampo1time, Dec 29, 2011.

  1. sampo1time

    sampo1time Regular Member

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    I noticed that there are all these $100/day methods out there which is cool and all. But some may take them literally and be discouraged when they do not see the results of $100/day immediately. I'd just like to share how my thinking was when I first started IMing with more achievable goals and maybe it might simplify and help others set achievable goals and reach benchmarks.

    Initially I fell for the $100/day methods and thought they where all full of crap because the $100/day did not come so easy. But then I started to set goals based off of what I wanted. This made goals seem easy to achieve and gave me momentum every time I reached one of them.

    Example:

    First I wanted a new custom surfboard - $600

    Now if I could just make $20/day x 30 I'd have $600 for the month. $20 a day is much easier to achieve than $100/day.

    Now you might think "big whoop $600 for a surf board."

    But say you want a BMW or Mercedes (I went for a quad cab tundra, but seems like everyone likes luxury cars on this forum) $40,000 - $50,000 car. The payments would be roughly $600-$700/month depends on your interest rate.

    So you see now just making $20-$25/day you can get a luxury car.

    Naturally you will get better at what you do and you can aim for $35/day. That would give you $1050 a month.

    There are houses for sale in Vegas for $125,000 which the mortgage payment would be roughly $1000/month.

    So for making only $35/day you could get something worth $125,000 now.

    Slowly increase your goals and meet them. Feeling good and gaining momentum along the way. Eventually reaching and surpassing the $100/day mark will surely come.

    I just wanted to share my way of thinking and to offer some encouragement to those that fall short of the $100/day benchmark set by many tutorials. Set small achievable goals so you won't get discouraged and you can still live good and feel good about what you're doing.
     
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  2. bhstudent

    bhstudent Junior Member

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    Nice. We often forget that no one can make $100 on their first day of IM. I just don't see how is possible.
    You most likely will spend your first day building a crappy blog or site. You wouldnt know is crappy until 3 months later, after perfecting your skill.
     
  3. tacopalypse

    tacopalypse Executive VIP Jr. VIP Premium Member

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    my first goal was $1/day.

    those were good times lol
     
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  4. sampo1time

    sampo1time Regular Member

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    Hitting each benchmark gives you that excitement of that first $1 made online. I remember refreshing my adsense account making pennies every other day. I was soo excited. It was like magic, money from nowhere falling into my digital account LOL
     
  5. super nuver

    super nuver Newbie

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    Nice idea but making 25/day working 25 minutes/day in addition to your full time income is great but if thats your only income its a problem.

    The real value lies in the method you used to achieve the 25/day. Do you have 25 sites generating 1/day or 1 site makIng 25/day? If you can rinse and repeat your method then your on to something.
     
  6. sampo1time

    sampo1time Regular Member

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    There are many methods that are capable of making $25 a day. Most are titled "make $100/day". Even I posted some how to make $100/day tutorials years ago. They are still applicable today and can be expanded even faster with the tools available today.

    Everyone says put a twist on it. A good twist on a already working method will get you better returns. But if you follow methods to the T you still can make money. I say start simple, get your feet wet, THEN tweek as needed when you understand what your doing. Persistence is key.
     
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  7. chopter

    chopter Junior Member

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    Im doing same like you. I want Range Rover Sport :)
     
  8. sirgold

    sirgold Supreme Member

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    It's refreshing and totally cool that someone every once in a while makes a solid reality check for all the newcomers that start browsing these pages with unrealistic expectations of gazillions within the first 2 days into this kind of industry... Don't even wanna get started with the 100/day, 200/day, 500/day titles... lol

    This doesn't mean that there's no money to be made. I've been involved with online revenue generation at least since 2003 and there's TONS of money to be made online, peaking at thousands and even tens of thousands per day for those who have perfected their working techniques.

    But methods that do exactly what they say on the can are rare, be wary and stop looking for the magic bullet... As I wrote in the past, it's unlikely you'd hand your money making/industrial secrets to your competition... Unless you've found that gem that doesn't get impacted by saturation, you're better off reading as much as you can, feed your brain, find your own methods, twists and stick to them. The forum is full of great ideas. Perseverance, as OP stated, is 80% maybe more of what counts when you start anything. Especially if they keep pumping unrealistic figures..

    My suggestion as a simplified train of thought is read all you can, I think there's interesting details in each and every method posted, whether the estimates are accurate or not. That traffic source you didn't know. That little trick that improves conversions. Make them unique. Stick to one or two methods at first and don't immediately think you're gonna be a millionaire in a month. The vast majority will burn out with the frustration of failure. Over time you're almost certainly gonna make money, but aim at something realistic.

    The old adage "work smarter not harder" might make sense when you have a WORKING and SCALABLE method, that's not always the case. IM is very similar to any other business plan in the making, some ideas are scalable some aren't. Try to have a long-term backup plan along with that super-hackish-black-hat method that will rake in a couple hundreds before the glitch gets fixed and the strategy becomes useless. Because most of the time it will and if you read this forum carefully you'll see tons of ppl complaining about not having a more diversified strategy and when their BH cash cow died, poof all is gone and they had to start from scratch.

    Even smaller money makers add up over time, give them the proper value and priority if you foresee the capability to earn in the long-term. You'll still have to eat while you prepare your multi-millionaire tactic, right? ;)

    Last but not least, DO work. You'll get sucked in with endless reading and funny fantasies... Put in practice your ideas and aim for a realistic figures after carefully analyzing how much you're willing to sacrifice of your "offline" life for your online presence. We're different human beings (something that might elude us from time to time while trapped analyzing the latest CTR and conversions and "prospects" as if they merely were numbers. For someone working in the basement 22 hours a day might be all he needs, someone else might not be comfortable with working that much every day... Find your comfort zone.

    Let's just say I'm very skeptical that any millionaire out there slacked off while trying to get to his first million (as they say the most difficult to achieve...), so if that's YOUR aim, stop searching for shortcuts and start practicing your plans, that's the best and simplest train of thought for me. Chances are you're gonna be the next millionaire. ;)
     
    Last edited: Dec 29, 2011
  9. kirkonpolttaja

    kirkonpolttaja Senior Member

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    This is so true, it doesnt feel like it but $20/day is ALOT in the end, you get that ammount nowadays.... ask yourself what you need to do to make that? well for one i dont have to do anything cause i'm earning passive :) and what makes interesting is that indeed $35/day doesnt look that big compared to that $20/day, but that extra $15 will make your $600/month => $1050/month.... thats a whopper...

    So if you want to make a killing without working almost at all... start from one site with keywords which has summed value of ~9-10k monthly exact searches, will make you +$20/day by itself, now after that site is done, make another one with same criteria and rank it :) BOOM! +$40/day just like that! Now your making about the same as most middleclass citicens BUT WITHOUT HARD WORK.

    Rinse and repeat that process as much as possible and you can get 5k/monthly in the first year easily, 1 site per 3months with EMD of 10-20k searches monthly.
     
  10. montoyanb

    montoyanb Registered Member

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    This is very true, I have something similar. Whenever I start new site my goals are like 20 unique visitors a day, the 50, 100 and then I start searching how to monetize my traffic. If I start thinking about money I stop being objective and I get carried away. When that happens no work is done and no money.
     
  11. aprilmay

    aprilmay Registered Member

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    This such a good post.. I love seeing others genuinly try to help others
    and thats what I get from your post.
    Thank You for your wise words!!
     
  12. SuperLinks

    SuperLinks Elite Member

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    Great write up, but I've got to disagree on a small point.

    People should NOT focus on taking on DEBT by attempting to achieve the desired monthly payment for a luxury car. That's not how you are gonna get rich.

    Now I'm sure there are some people out there that will disagree with me. While you should enjoy life, don't take on unnecessary risk because you hit that $600/mo. goal. Things fluctuate rapidly online, and that $600/mo. income could disappear overnight.

    My recommendation is to start thinking along those lines when you are making atleast $6,000/mo. consistently. If you have a full time gig already, and this is side income. Save up so that one day you can quit, and start your own business. Is that Mercedes worth it NOW when you could leverage that income in the future to be truly wealthy?
     
  13. sampo1time

    sampo1time Regular Member

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    This is true. But personally I find it hard to keep working if I don't reap any benefits. Maybe do not buy a luxury car when you hit $20/day but buy something. It'll make you feel good and let you physically know you accomplished something.

    When you feel good about what you do, you're bound to keep at it and do better.
     
  14. KiyumiFashion

    KiyumiFashion Newbie

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    Thanks for this mate! :) Now i will be able to set my goals and start IMing :)