$200k per annum possible, and how long did it take...

[imrat]

I would like to know whether there is anyone here that has real examples of friends, collegues, family members, or themselves, that have build an online business up to generate at least $200k per annum.

I am in particular interested in how long it took them, and whether they worked on it full time.

The issue I have with most IM is that the "sales pitches" look great. "Buy my shit and make $10000 per day"...but somehow I doubt this and see it as a load of rubbish if you ask me.

Thats why I love the 30dc - its realistic, honest, and Ed & the team really want you to make a difference.

I am in the (un)fortunate position that I have a good day job, that I like, with a very decent income, and the lifestyle to go with it. However, its not my passion. I want to build a business, following my passion, that allows me to continue the lifestyle that I have (my wife would kill me if I packed it all in tomorrow you see).

So - in summary:

* Is it possible?
* How long has it taken others?
* What are your tips for balancing day job & passion?


Cheers

[ApaOps5]

I at this point don't have the extra cash flow to buy the expensive lessons and may never do it. But when I start getting extra cash flow I will subscribe to the immediate edge.

Here is what I think though. Since you love the TDC and the free content consider who has brought that too you. Ed is one of the guru's in IM and he does this for free. I am sure he gets a return by generating more trust and customers from this but good for him. My point, I ignore anything I get from those other guys unless Ed Dale speaks on it. Why would he break the trust he has built with all the TDC'ers by suggesting a hack product?

So if you don't know what way to go or if they are false check your email inbox and see if Ed has spoke on it or is marketing it.

[imrat]

Thanks ApaOps5. Good suggestion and will keep an eye on this. I am confident Dan and Ed will show me the way.....if it can be done. And thats is really what I am concerned about.

Do I give up 2 hours each evening, which I would otherwise spend with my wife and kids, in return for an online business in 12 months time that will generate enough income enabling me to say goodbye to the current job, and run my own business full time near home (not frm home as I dont think that works for me - too many distractions....)

[RayE]

I've heard/read of people getting into IM and making more money in their own business then at their old jobs in less then 6 months..and a few rare times in less then 3 months.

I know for a fact that if I could get my business to the point to where I was making more money then what I was making at my old job and do it in about 3 months, or even 6 months, that I'd be soooo happy...because that would equate to making more then $3500 per month, which for me right now would be more then enough for me to sustain a pretty good lifestyle.

However, I would suggest instead of looking to others to see how they've done it, ask yourself "how can I do it?" and then break everything down into its simplest form, for instance:

Goal (Year): $200,000 per year
Goal (Monthly): $16,600+
Goal (Daily): $553+/-

So, if you know you need to make over $550 dollars per day and at the moment you're just promoting affiliate products, and assuming you're making at least $25 per sale, then you need about 22 sales per day...if you're only selling just one aff product. If you can convert the traffic to your site/blog at a decent rate of say 1 in 50, then you need roughly 880 views to your site per day for a minimum of 30-days.

NOTE 1: Of course, if you're converting traffic at a higher rate, say 1 in 100, then of course you're going to need more traffic, at least for the time being until maybe a better sales page can be written, or more thorough keyword research can be done to ensure you're getting 'buyers' and not 'lookers' coming to your site/blog.


These numbers may sound incredibly hard to obtain or even fathom, but realize that by following what's being taught here in the TDC, not only are you going to make money, but you're also going to realize how to take what you've learned in one 'niche market' and apply it to any other niche you may want to get into.

I think the key is to not look at the end goal of making $200K per year, but what you need to do each day, week and month leading up to the end of the year because by doing that, the chances of you reaching your ultimate goal should be easier to obtain then by merely focusing on what is at the end of the journey.


RayE

[imrat]

Thanks RayE - very helpful to see it broken down like that into daily goals.

However, I would suggest instead of looking to others to see how they've done it, ask yourself "how can I do it?"

I also realise this, but I am keen to see some real examples of people that have actually achieved it.

Do you know of any?

[DarrellSin]

Well imrat, I don't know people who have achieved that amount, but I do know that they exist.

What others achieve doesn't matter, its what we achieve in the end that matters. Sure its good to know that someone who is not Ed dale/Frank kern, is making money like that.

All that matters is that we apply what we learn and learn from our mistakes in IM. Its a tough and competitive world, but profitable non the less.

[imrat]

Thanks DarrellSin for your reply.

I also have heard of people that have done it, but most is either anecdotal, or its by people that actually sell Internet Marketing products (and therefore biased in their views).

Maybe it helps if I explain why I am so keen on these examples?

Achieving the level of return I outlined ($600 per day as per RayE's post) will require a lot of work, over at least in my view a 6 to 12 month period. So I will need to invest my time to achieve this, and this could be for example upto 10 hours per week for 6 months.

I am happy to do this if I could gain some confidence that real people have achieved $600 per day from scratch. Because 10 hours per week on Internet Marketing, means 10 hours less with my Wife, Kids and Friends.

So for me, I am looking for the examples, to help me make a simple ROI decision. Will it be worth the investment...

[theRealAirness]

I'm wondering about that oo, Imrat. I worked on a company who sells online. It seems possible. I think I can easily replicate the success of the company time and time again. Somehow, I still want to see examples.

[ScottSharpe]

Originally Posted by imrat

* Is it possible?

I think you already know the answer to this.

Originally Posted by imrat

* How long has it taken others?

I understand where your coming from with this question, as I often wondered this question in the past. But.. The reality is that it all comes down to you. I do understand that seeing examples of people can sometimes be a good motivator, but in reality each person is going to be different.

It comes down to whether your willing to put in the blood and sweat. It's aiming for a predetermined goal and achieving it. In a sense, people choose how long it takes them to get to $x.xx a year. - How hard are you willing to work?

Originally Posted by imrat

* What are your tips for balancing day job & passion?

I can't answer this, as I made the mistake of jumping into IM with both feet / full time. My advice to this would be schedule EVERYTHING and work in 1.5 to 2 hour blocks of time.

When I first started I was a mess. I had no schedule/organization skills. One of the hardest parts for me has been procrastination. Going from being told what to do at a job to essentially telling yourself what to do...a lot of people have a problem with this when they first start out.

I break down my projects into junks with deadlines. I go over a monthly calender and break down each task into weekly & daily assignments. I started doing this 3 months ago..most productive 90 days of my life.

- Scott

[imrat]

Thanks Scott. Very helpfull suggestion about breaking up my time and ensuring tight scheduling and planning.

I know that if others have achieved it, that by working hard and putting the effort in, I will be able to do the same. I have no doubt about this.

Ed mentioned in one of his video's that a couple of 30dc participants from last year have done realy realy well. Do you know who these are and how I could get in touch with them?

Cheers