My Last Game Book Is Here! After two years of hard work, I'm proud to release Game. Click here for full details.

Post Reply 
How are you guys making $$$
Author Message
bface Offline
Recovering Beta
*

Posts: 208
Joined: Oct 2011
Reputation: 3
Post: #126
RE: How are you guys making $$$
(05-01-2012 01:27 PM)RichieP Wrote:  that's full time employment though right?

Is it viable as a freelancer? Could someone spend 6-12 months hammering programming languages, solving problems, building the skills and mind for it then do it online while they travel? Or is that a pipedream?

If I could do it say 20hrs a week at even $30 an hour, from my laptop while I travelled, man... would just be perfect. I get the feeling that's wishful thinking though?


6-12 months? No way. A few years? Yeah I guess

Forget working for 30$ an hour as a freelancer. There are things like taxes, social security (depends where you live though), insurances etc...

Then a LOT of time goes towards finding and talking to clients. This will take about 90% of your time in the beginning, then maybe 50% later and less if you are lucky and get swamped with work.

75$ is probably a good start if you have some skills. Then work your way above 100$ once you have a good rep (and better skills).

If you just want to be a cheap coding monkey, forget about it. You are competing against multiple cheap countries.
08-05-2012 05:30 PM
Find all posts by this user Like Post Quote this message in a reply
lotharius Offline
Banned

Posts: 95
Joined: Apr 2012
Post: #127
RE: How are you guys making $$$
(08-05-2012 05:30 PM)bface Wrote:  
(05-01-2012 01:27 PM)RichieP Wrote:  that's full time employment though right?

Is it viable as a freelancer? Could someone spend 6-12 months hammering programming languages, solving problems, building the skills and mind for it then do it online while they travel? Or is that a pipedream?

If I could do it say 20hrs a week at even $30 an hour, from my laptop while I travelled, man... would just be perfect. I get the feeling that's wishful thinking though?


6-12 months? No way. A few years? Yeah I guess

Forget working for 30$ an hour as a freelancer. There are things like taxes, social security (depends where you live though), insurances etc...

Then a LOT of time goes towards finding and talking to clients. This will take about 90% of your time in the beginning, then maybe 50% later and less if you are lucky and get swamped with work.

75$ is probably a good start if you have some skills. Then work your way above 100$ once you have a good rep (and better skills).

If you just want to be a cheap coding monkey, forget about it. You are competing against multiple cheap countries.

$30 an hour is easy, taxes etc are simple to avoid. Finding clients can be the easiest part, depending on the industry.

Find an industry with ample supply then outsource.
08-05-2012 05:58 PM
Find all posts by this user Like Post Quote this message in a reply
Statsi Away
Chubby Chaser
**

Posts: 497
Joined: Aug 2012
Reputation: 11
Post: #128
RE: How are you guys making $$$
For 8 months of the year I'm a full time student, night game Sun-thur, work on public transport sat + sun, the money I save from term time goes towards travel expenses during the University holidays.

Not exactly Ideal, i'd like something much more passive. I still earn more than most of my friends, even working part time I'm on £9k a year wage, plus student loans.
08-05-2012 06:54 PM
Find all posts by this user Like Post Quote this message in a reply
RichieP Offline
Alpha Male
****

Posts: 1,449
Joined: Nov 2011
Reputation: 23
Post: #129
RE: How are you guys making $$$
(08-05-2012 05:58 PM)lotharius Wrote:  
(08-05-2012 05:30 PM)bface Wrote:  
(05-01-2012 01:27 PM)RichieP Wrote:  that's full time employment though right?

Is it viable as a freelancer? Could someone spend 6-12 months hammering programming languages, solving problems, building the skills and mind for it then do it online while they travel? Or is that a pipedream?

If I could do it say 20hrs a week at even $30 an hour, from my laptop while I travelled, man... would just be perfect. I get the feeling that's wishful thinking though?


6-12 months? No way. A few years? Yeah I guess

Forget working for 30$ an hour as a freelancer. There are things like taxes, social security (depends where you live though), insurances etc...

Then a LOT of time goes towards finding and talking to clients. This will take about 90% of your time in the beginning, then maybe 50% later and less if you are lucky and get swamped with work.

75$ is probably a good start if you have some skills. Then work your way above 100$ once you have a good rep (and better skills).

If you just want to be a cheap coding monkey, forget about it. You are competing against multiple cheap countries.

$30 an hour is easy, taxes etc are simple to avoid. Finding clients can be the easiest part, depending on the industry.

Find an industry with ample supply then outsource.

Could you give an example or two? What sorts of skills/industries are you talking about ?
08-06-2012 12:28 AM
Find all posts by this user Like Post Quote this message in a reply
UnW Offline
Wingman
***

Posts: 632
Joined: Apr 2012
Reputation: 12
Post: #130
RE: How are you guys making $$$
Close friend of mine is a master at passive income, he started off buying and selling domain names, that market got saturated, then he started making sites (Hiring cheap workers from asia to do them for him), affiliate marketing, buying sites -> changing them up/renovating --> then selling. amongst a few other things and now he's easily got a net worth in the millions (He won't ever tell anyone the specifics of how he does things) These days he's basically outsourced all the work he needs done and is bored with a ton of cash all this at age 21.
(This post was last modified: 08-23-2012 06:22 AM by UnW.)
08-23-2012 06:22 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes UnW's post:
BadWolf Offline
Banned

Posts: 717
Joined: Aug 2012
Post: #131
RE: How are you guys making $$$
This is not a passive income success story, I'm a former blue collar worker.

I went to school for electronic engineering but stupidly dropped out after getting bored in my first semester, instead got a useless community college diploma in security.

Then I worked in security making about 10 bucks an hour for around 60 hours a week. Had to figure out a way to fill my time, so I played videogames and read D&D books all night. It was alright but I wanted more money.

Took a factory job after a year, learned to hate life and co-workers. Then I got a Forklift license after 6 months, improved on the job quite a bit and I made 5 bucks more an hour for doing much less work. Took an AZ/CDL license and tried that for a month, absolutely hated the long haul. Took the money I made and 're-invested' in a Welding course, wasn't much better than the factory work I had started with. Was really bored with welding so took a few part time jobs in restaurants learning to cook... that was fun and educational.

One day, I found something in the paper about teaching english abroad. Took the course and left a week later. Been at that ever since. Also learned to twist balloons on the job. Went home to Canada and did that for $300 bucks on the weekend.

Figured out half way between Brazil and Japan that I could work in the factory at home, save my money while living with my parents and vacation in Mexico for 6 months out of the year after only working for 2 months on a forklift. Did that for 2 years.

Now having taught English for awhile, I'm looking at heading home with some trades, probably take them in the phillipines. My wife and I will take a few courses in automechanics and welding and see if we can both find something in the oil fields.
09-02-2012 09:38 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 5 users Like BadWolf's post:
Thomas the Rhymer, The Fantasist, Adam Michaels, Beyond Borders, Vacancier Permanent
fearless_seducer Offline
Banned

Posts: 13
Joined: Apr 2012
Post: #132
RE: How are you guys making $$$
(11-25-2009 11:15 AM)elguapo Wrote:  Well, it's not hard to travel for weeks/months at a time in South America. It's not Cote D'Azur. You don't need much money.

Hi Elguapo,

How much money do I need for travelling to and staying in South America for two months?
(This post was last modified: 10-30-2012 11:48 PM by fearless_seducer.)
10-30-2012 11:45 PM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
fearless_seducer Offline
Banned

Posts: 13
Joined: Apr 2012
Post: #133
RE: How are you guys making $$$
(11-25-2009 12:31 PM)El Viajero Wrote:  I have been running businesses online since I was in high school. Since I had no money to start any business when I was 16 and was going to high school full time I had to force myself to come up with a way to make it work.

I ended up creating an ecommerce store, buying from 1 item minimums from wholesale distributors only when I actually sold an item. This model requires no inventory on my end because the companies ship directly to my customers. What I do is process each order, answer customer questions, and market my website. It certainly required a ton of work to get this going, just like any other business.

When I entered university I had 4 months free each summer to do what I wanted. So I traveled in South America each summer for three months, and studied abroad one semester that meant staying in South America for 8 months.

By my sophomore year of university I started a completely new business offering career consulting. I rewrite resumes/CVs and do mock interviews on the phone with clients, etc. This business has really grown considerably with an all time high of 50+ new clients last month. I also do this remotely and have continued running both businesses while abroad and going to university full time.

I graduate university in 25 days with a good deal of money saved up, and am currently making really nice income between the two businesses. I am leaving for good by this February and will spend the majority of my time abroad.

El Viajero, your online career path could be very encouraging for those who want to enjoy more free time travelling and seducing women because the fact is the internet marketing tools and software enable us to automate many things in the process of running an online business and to actually earn more money as the result of it even when we are not working.
10-31-2012 02:05 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
fearless_seducer Offline
Banned

Posts: 13
Joined: Apr 2012
Post: #134
RE: How are you guys making $$$
(08-05-2012 05:30 PM)bface Wrote:  
(05-01-2012 01:27 PM)RichieP Wrote:  that's full time employment though right?

Is it viable as a freelancer? Could someone spend 6-12 months hammering programming languages, solving problems, building the skills and mind for it then do it online while they travel? Or is that a pipedream?

If I could do it say 20hrs a week at even $30 an hour, from my laptop while I travelled, man... would just be perfect. I get the feeling that's wishful thinking though?


6-12 months? No way. A few years? Yeah I guess

Forget working for 30$ an hour as a freelancer. There are things like taxes, social security (depends where you live though), insurances etc...

Then a LOT of time goes towards finding and talking to clients. This will take about 90% of your time in the beginning, then maybe 50% later and less if you are lucky and get swamped with work.

75$ is probably a good start if you have some skills. Then work your way above 100$ once you have a good rep (and better skills).

If you just want to be a cheap coding monkey, forget about it. You are competing against multiple cheap countries.

Yes, you're right when you've said: "forget working $30 an hour" because we always need to strive to be productive that's spending less time working and at the same time making more money. it's as simple as that.

In my experience, I've learned a very painful lesson when struggling to figure out how to start earning money on the net for 7 years. And, there were two main reasons for my failures:
1) I wanted to do all the tasks in the process of building, running and automating my online business all by myself

2) I never wanted to hire an expert web designer and programmer to do certain things for me. That was a huge mistake and lesson that I've learned forever.

As the result of my learned lessons, today I am a completely transformed person and a big fan of hiring the right experts to do any of such tasks for me. In other words, I outsource those tasks to professionals who are more expert and productive at doing them than I am.

The best way for anybody learn more on how to be more productive not only in running a business but also in living a life is through internet marketing.
10-31-2012 02:27 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
fearless_seducer Offline
Banned

Posts: 13
Joined: Apr 2012
Post: #135
RE: How are you guys making $$$
(11-28-2009 04:32 PM)Roosh Wrote:  I think an idea for the future is a Business/Freelancers forum.

Yeah, I agree. Because as the time goes on, new technologies arise and many different skills become wanted by all those who want to be more productive by hiring someone to do certain tasks for them.

From my experience, I can say that this is especially true when wanting to build and run an online business where there is like a "jungle" of many different tasks like a building a website, sorting out the graphic design, driving traffic, social media marketing and the list goes on and on.

Many people get stuck on trying to complete only one task for months or even years instead of deciding to hire an expert freelancer to do these tasks much quicker for them.

Personally, I've struggled to successfully setup and run my own online business for 7 years because I was stubborn enough not to want to hire a mentor or a freelacer to do it for me.

Now, I have learned my lesson for the rest of my life and become more productive at running my online business.

That's life! Successful people say that they have achieved all their successes only thanks to all their failures.
10-31-2012 03:08 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
fearless_seducer Offline
Banned

Posts: 13
Joined: Apr 2012
Post: #136
RE: How are you guys making $$$
(11-28-2009 04:38 PM)Riker Wrote:  
(11-28-2009 04:32 PM)Roosh Wrote:  I think an idea for the future is a Business/Freelancers forum.

Good call.

Btw I met some really cool guys in the pickup community in Buenos Aires and we're getting together to create a mastermind group of people with different qualities. Like people that are good with money, others with health and lifestyle, others with seduction and long-term relationships etc.

This forum is slowly growing into a well rounded type of mastermind group.

Hi Riker,

Can you share the name of that mastermind group with us?

If you can, it would be well appreciated.

In advance thank you.
10-31-2012 03:12 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
w00t Offline
Wingman
***

Posts: 848
Joined: Dec 2011
Reputation: 13
Post: #137
RE: How are you guys making $$$
(08-05-2012 05:30 PM)bface Wrote:  
(05-01-2012 01:27 PM)RichieP Wrote:  that's full time employment though right?

Is it viable as a freelancer? Could someone spend 6-12 months hammering programming languages, solving problems, building the skills and mind for it then do it online while they travel? Or is that a pipedream?

If I could do it say 20hrs a week at even $30 an hour, from my laptop while I travelled, man... would just be perfect. I get the feeling that's wishful thinking though?


6-12 months? No way. A few years? Yeah I guess

Forget working for 30$ an hour as a freelancer. There are things like taxes, social security (depends where you live though), insurances etc...

Then a LOT of time goes towards finding and talking to clients. This will take about 90% of your time in the beginning, then maybe 50% later and less if you are lucky and get swamped with work.

75$ is probably a good start if you have some skills. Then work your way above 100$ once you have a good rep (and better skills).

If you just want to be a cheap coding monkey, forget about it. You are competing against multiple cheap countries.

30$ an hour is VERY doable depending on your niche.
I just started out freelancing and I already got projects for 20-25 dollars an hour. One prject was 50$ and I completed it in one hour. So thats 50/hour for a complete noob and the customer was happy and came back with more work.

Taxes and social security and all that bullshit can be easily avoided by relocating to another country. Read some offshore/PT stuff. Simon Black/Sovereign Man is propably a good place to start. I mean relocating and location independence is the whole reason we get into online business in the first place, right?

I know a guy who got an offer for 6 figures per year in financing from odesk without any formal qualifications and thats location independent! He simply worked his way up in the company. But he declined since hes working on another business right now.

There is serious cash to be made and the whole freelancing thing is only going to get bigger in the future. In 20 years noone will emply people offline any more IMO.

Thing is most ppl give it a try, have 2-3 bad experiences and then simply quit and then go around telling everyone how this is bullshit and doesnt work. Just the same as with chasing girls.
(This post was last modified: 10-31-2012 03:27 AM by w00t.)
10-31-2012 03:15 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like w00t's post:
Beyond Borders, solo
xmlenigma Offline
Alpha Male
****

Posts: 1,015
Joined: Dec 2011
Reputation: 4
Post: #138
RE: How are you guys making $$$
Riker? Do share. I am looking at Arg & Braz for long term biz.

(10-31-2012 03:12 AM)fearless_seducer Wrote:  
(11-28-2009 04:38 PM)Riker Wrote:  
(11-28-2009 04:32 PM)Roosh Wrote:  I think an idea for the future is a Business/Freelancers forum.

Good call.

Btw I met some really cool guys in the pickup community in Buenos Aires and we're getting together to create a mastermind group of people with different qualities. Like people that are good with money, others with health and lifestyle, others with seduction and long-term relationships etc.

This forum is slowly growing into a well rounded type of mastermind group.

Hi Riker,

Can you share the name of that mastermind group with us?

If you can, it would be well appreciated.

In advance thank you.

The point of modern propaganda isn't only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.
- Garry Kasparov | ‏@Kasparov63
11-01-2012 01:58 PM
Find all posts by this user Like Post Quote this message in a reply
SelfPaid Offline
Banned

Posts: 212
Joined: Nov 2012
Post: #139
RE: How are you guys making $$$
(11-01-2012 01:58 PM)xmlenigma Wrote:  Riker? Do share. I am looking at Arg & Braz for long term biz.

(10-31-2012 03:12 AM)fearless_seducer Wrote:  
(11-28-2009 04:38 PM)Riker Wrote:  
(11-28-2009 04:32 PM)Roosh Wrote:  I think an idea for the future is a Business/Freelancers forum.

Good call.

Btw I met some really cool guys in the pickup community in Buenos Aires and we're getting together to create a mastermind group of people with different qualities. Like people that are good with money, others with health and lifestyle, others with seduction and long-term relationships etc.

This forum is slowly growing into a well rounded type of mastermind group.



Hi Riker,

Can you share the name of that mastermind group with us?

If you can, it would be well appreciated.

In advance thank you.

Short Awnser I use my Trading Skills to build up Capital and Other Peoples Time and Skills To turn that into Passive Casflow fore myself.

I learned that you need to have people working fore you'reself, that are Smarter than you are plus you need a way fore People to Sent Mone to you.

I have the first one I am Working on implementing the next one Which to me is Buying Undervalued houses and having them rented out true a Company I cane trust.I love Renters Banana

If anybody is interested maybe I cane provide some Value to this Forrum when it comes to using Money Wisely and using it to acuire more, it is a skill you have to learn like Game and other things but it cane help you solve alot of Problems and free up you're Time and cane be realy Valuable especialy with high unemployment rates approaching the US and Europe.
(This post was last modified: 11-01-2012 03:36 PM by SelfPaid.)
11-01-2012 03:31 PM
Find all posts by this user Like Post Quote this message in a reply
Gorilla Offline
Male Feminist

Posts: 5
Joined: Nov 2012
Reputation: 0
Post: #140
RE: How are you guys making $$$
If you are internet savvy then affiliate marketing is a great way to go. If you don't want to put your capital at risk with PPC, then you can go the SEO route and build up sites organically; then monetize in many different ways. It takes persistance and a love of the internet but if you stick with it, chances of success are high.

I've been an affiliate for many years so if you have any questions about the industry I can help answer them.
11-01-2012 05:15 PM
Find all posts by this user Like Post Quote this message in a reply
SelfPaid Offline
Banned

Posts: 212
Joined: Nov 2012
Post: #141
RE: How are you guys making $$$
(11-01-2012 05:15 PM)Gorilla Wrote:  If you are internet savvy then affiliate marketing is a great way to go. If you don't want to put your capital at risk with PPC, then you can go the SEO route and build up sites organically; then monetize in many different ways. It takes persistance and a love of the internet but if you stick with it, chances of success are high.

I've been an affiliate for many years so if you have any questions about the industry I can help answer them.

How long does it Take you to get connsistent Traffic to you're Website using the organic search engine..and have you made changes after the new google update to you're strategies ?

I am not in the online bussines anymore but I am interrested in how things work nowadays.
11-01-2012 06:52 PM
Find all posts by this user Like Post Quote this message in a reply
Gorilla Offline
Male Feminist

Posts: 5
Joined: Nov 2012
Reputation: 0
Post: #142
RE: How are you guys making $$$
(11-01-2012 06:52 PM)SelfPaid Wrote:  How long does it Take you to get connsistent Traffic to you're Website using the organic search engine..and have you made changes after the new google update to you're strategies ?

The amount of time it takes to get consistent organic traffic really depends on how competitive the niche is and the keywords you are SEO'ing for. I'd say if you want consistent traffic as quickly as possible, you want to find a high volume niche but go after a set of long tail keywords (3+ words), and include relevant images (tagged appropriately) in every article for added image search traffic. If you do this, you can start getting 100+ uniques per day within about 1.5 months or so. The keyword research prior to creating content and SEO'ing in this scenario is very important. Going after 1 - 2 word keywords takes much longer.

Yes, changes to SEO strategy have changed a lot since the Penguin update (not so much after Panda updates). The main things to do now are to diversify your anchor texts. Before you could blast every link with your main keyword and rank well. Now, that gets you penalized so it's important to not use over 50 - 60% of your backlinks with your main keyword. The other thing is that getting backlinks from sites within your same vertical carry much more weight now whereas links from non-related sites are worth less.

There are other differences but these are two of the bigger ones.
11-01-2012 07:09 PM
Find all posts by this user Like Post Quote this message in a reply
w00t Offline
Wingman
***

Posts: 848
Joined: Dec 2011
Reputation: 13
Post: #143
RE: How are you guys making $$$
Affiliate marketign works but it can take months for sites to rate well and till you have figured out your website in a way that it converts. For me it took over 6 months to make money. And after 2 years the vendor decided to close his affiliate system and I was SOL.

You're better off creating your own info product and having affiliates sell for you. Why would you be selling other ppls shit if you can sell your own and make way more money?
Or online freelancing which gives you a small income pretty much instantly if you have some skills.
(This post was last modified: 11-02-2012 02:25 AM by w00t.)
11-02-2012 02:22 AM
Find all posts by this user Like Post Quote this message in a reply
SelfPaid Offline
Banned

Posts: 212
Joined: Nov 2012
Post: #144
RE: How are you guys making $$$
(11-02-2012 02:22 AM)w00t Wrote:  Affiliate marketign works but it can take months for sites to rate well and till you have figured out your website in a way that it converts. For me it took over 6 months to make money. And after 2 years the vendor decided to close his affiliate system and I was SOL.

You're better off creating your own info product and having affiliates sell for you. Why would you be selling other ppls shit if you can sell your own and make way more money?
Or online freelancing which gives you a small income pretty much instantly if you have some skills.

That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.

still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.

I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.

I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.

1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?

2. What does the average site make Per Month for you ?
11-02-2012 04:25 AM
Find all posts by this user Like Post Quote this message in a reply
Gorilla Offline
Male Feminist

Posts: 5
Joined: Nov 2012
Reputation: 0
Post: #145
RE: How are you guys making $$$
(11-02-2012 04:25 AM)SelfPaid Wrote:  That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.

still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.

I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.

I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.

1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?

2. What does the average site make Per Month for you ?

I'll reply to four main things here:

(1) @SelfPaid - To have a site make money for you within 3 months of launch is actually really good.

(2) When I refer to affiliate marketing there are two main ways to do it: The first is organic / SEO traffic to your website which takes a while; and the other faster route is PPC (You pay for traffic that either goes directly to an affiliate offer or to your Landing Page and then to the affiliate offer). Although I have organic sites that make money, by far the majority of my income comes from paid traffic. 5 years ago when I started learning affiliate marketing it took me about 9 months of doing it every day to finally start making good money. By good money I mean high 5 figures per month up to low 6 figures. Of course when you go the paid traffic route it's not all profit.

(3) It's hard to answer the q about avg cost of a niche site - it can be as cheap as about $100 if you get the domain, set up your own hosting, use a free wordpress theme and spend some money on SEO; or it can be as high as thousands of dollars if you want a nice custom design and functionality. There is no one answer to that.

(4) Also hard to answer what the avg site can make you per month. Organic traffic and paid traffic sites vary greatly in the amount of income they bring in too.

Basically there are a lot of great blogs and forums about affiliate marketing to really learn it. You also have to put in a lot of time each day testing stuff. I know the dream is to outsource it for a low wage and sit back and collect the money but unfortunately that ability usually only comes after years of doing it yourself. Like most things you have to master it yourself first before you can outsource it.

I think you're looking at this as a possible additional, diversified income source to what you already have with minimal work yourself. Honestly, it will be difficult to succeed that way but your best chance is to go to Flippa.com and buy an existing site that ranks well already but is under-monetized. Once you buy it, outsource the SEO and improve the monetization. If I had to answer your question based on what you've written so far that would be my advice. However, my best advice is to work your ass off for a few months really learning affiliate marketing and then you'll be able to make really good money (hopefully).

Hope that helps.
11-03-2012 06:12 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Gorilla's post:
SelfPaid
Lukecan Offline
Banned

Posts: 75
Joined: Nov 2012
Post: #146
RE: How are you guys making $$$
(11-03-2012 06:12 PM)Gorilla Wrote:  
(11-02-2012 04:25 AM)SelfPaid Wrote:  That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.

still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.

I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.

I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.

1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?

2. What does the average site make Per Month for you ?

I'll reply to four main things here:

(1) @SelfPaid - To have a site make money for you within 3 months of launch is actually really good.

(2) When I refer to affiliate marketing there are two main ways to do it: The first is organic / SEO traffic to your website which takes a while; and the other faster route is PPC (You pay for traffic that either goes directly to an affiliate offer or to your Landing Page and then to the affiliate offer). Although I have organic sites that make money, by far the majority of my income comes from paid traffic. 5 years ago when I started learning affiliate marketing it took me about 9 months of doing it every day to finally start making good money. By good money I mean high 5 figures per month up to low 6 figures. Of course when you go the paid traffic route it's not all profit.

(3) It's hard to answer the q about avg cost of a niche site - it can be as cheap as about $100 if you get the domain, set up your own hosting, use a free wordpress theme and spend some money on SEO; or it can be as high as thousands of dollars if you want a nice custom design and functionality. There is no one answer to that.

(4) Also hard to answer what the avg site can make you per month. Organic traffic and paid traffic sites vary greatly in the amount of income they bring in too.

Basically there are a lot of great blogs and forums about affiliate marketing to really learn it. You also have to put in a lot of time each day testing stuff. I know the dream is to outsource it for a low wage and sit back and collect the money but unfortunately that ability usually only comes after years of doing it yourself. Like most things you have to master it yourself first before you can outsource it.

I think you're looking at this as a possible additional, diversified income source to what you already have with minimal work yourself. Honestly, it will be difficult to succeed that way but your best chance is to go to Flippa.com and buy an existing site that ranks well already but is under-monetized. Once you buy it, outsource the SEO and improve the monetization. If I had to answer your question based on what you've written so far that would be my advice. However, my best advice is to work your ass off for a few months really learning affiliate marketing and then you'll be able to make really good money (hopefully).

Hope that helps.

I was thinking of buying a website from flippa.com too, how can I spot an under monetized website?
11-03-2012 06:36 PM
Find all posts by this user Like Post Quote this message in a reply
Gorilla Offline
Male Feminist

Posts: 5
Joined: Nov 2012
Reputation: 0
Post: #147
RE: How are you guys making $$$
(11-03-2012 06:36 PM)Lukecan Wrote:  I was thinking of buying a website from flippa.com too, how can I spot an under monetized website?

Look for things like site owners using Adsense in verticals where you can replace the adsense with affiliate offers. You'll usually make more using affiliate offers.

You can also look for Adsense sites where their layouts don't optimize the CTR. So if you can raise the CTR from say 3% to 10% you've just tripled the income.
11-03-2012 06:42 PM
Find all posts by this user Like Post Quote this message in a reply
iknowexactly Offline
International Playboy
******
Gold Member

Posts: 5,420
Joined: Sep 2010
Reputation: 102
Post: #148
RE: How are you guys making $$$
(11-29-2009 04:34 PM)gringoed Wrote:  Depending on what state you live in, owning an LLC can get expensive. In Cali, it's something like $700/yr minimum to maintain. Other states are less, but still an expense.


Few lawyers will recommend NOT getting an LLC but depending on your business you might be better off as a sole proprietor with an umbrella insurance policy.

I've dissolved 3 LLC's in the last couple of years b/c I realized they were largely unnecessary.

When I was doing computer consulting I had a client tell me he thought corporations got audited (IRS) more than anyone. I just worked as a Schedule C sole proprietor.

I saved up and have big company stocks and make some income off selling covered calls, and the dividends from the stock. I make about $100 per month off $8000 dollars worth of stock.
(This post was last modified: 11-04-2012 03:31 AM by iknowexactly.)
11-04-2012 03:30 AM
Find all posts by this user Like Post Quote this message in a reply
SelfPaid Offline
Banned

Posts: 212
Joined: Nov 2012
Post: #149
RE: How are you guys making $$$
(11-03-2012 06:12 PM)Gorilla Wrote:  
(11-02-2012 04:25 AM)SelfPaid Wrote:  That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.

still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.

I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.

I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.

1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?

2. What does the average site make Per Month for you ?

I'll reply to four main things here:

(1) @SelfPaid - To have a site make money for you within 3 months of launch is actually really good.

(2) When I refer to affiliate marketing there are two main ways to do it: The first is organic / SEO traffic to your website which takes a while; and the other faster route is PPC (You pay for traffic that either goes directly to an affiliate offer or to your Landing Page and then to the affiliate offer). Although I have organic sites that make money, by far the majority of my income comes from paid traffic. 5 years ago when I started learning affiliate marketing it took me about 9 months of doing it every day to finally start making good money. By good money I mean high 5 figures per month up to low 6 figures. Of course when you go the paid traffic route it's not all profit.

(3) It's hard to answer the q about avg cost of a niche site - it can be as cheap as about $100 if you get the domain, set up your own hosting, use a free wordpress theme and spend some money on SEO; or it can be as high as thousands of dollars if you want a nice custom design and functionality. There is no one answer to that.

(4) Also hard to answer what the avg site can make you per month. Organic traffic and paid traffic sites vary greatly in the amount of income they bring in too.

Basically there are a lot of great blogs and forums about affiliate marketing to really learn it. You also have to put in a lot of time each day testing stuff. I know the dream is to outsource it for a low wage and sit back and collect the money but unfortunately that ability usually only comes after years of doing it yourself. Like most things you have to master it yourself first before you can outsource it.

I think you're looking at this as a possible additional, diversified income source to what you already have with minimal work yourself. Honestly, it will be difficult to succeed that way but your best chance is to go to Flippa.com and buy an existing site that ranks well already but is under-monetized. Once you buy it, outsource the SEO and improve the monetization. If I had to answer your question based on what you've written so far that would be my advice. However, my best advice is to work your ass off for a few months really learning affiliate marketing and then you'll be able to make really good money (hopefully).

Hope that helps.

That is the Reason I choose to stick to my Plan and not dive into Affiliate Marketing.

I allready make good Money and thought I cane treat it like an Investments hiring People who are Proffessionals in each eria but I have down that before and failed since.

1 I first had to manage everything and make sure everybody know's what to do and 2. My Seo and niches guy's got kind of frustrated with the Google update that they didn't offer the Service anymore. That was when I set I don't want to own Company and deal With managing People but Rather invest my Money which get's my a return much faster.

I thought I could treat an Online Site like Real Estate ore an Asset but I am just clearly not the right guy fore it. And the cost beneffit doesen't play out in my Case.

So thank you fore providing information and Respect that you maid it Work fore you'reself....I wish you more Succes but I rather stay and do what I do best which Is Trading the Financial Market's and Investing that Money in a low stress Way. I have allready Invest 1000s of houers working with out a Profit to be Succesful at What I do so I am fine with the Situation now.

Most of the things I am going do now don't realy need my own Skillset since I use other Peoples Skills to make Money I just need to be abit educated and understand what they are doing and that is it.

Doing thing's this Way I accomplish things much faster and have more Time to spend doing other things that are important to me. And if I should choose not to work fore a Year ore two I still make money.

One of my Uncles who moved to Dubai and now lifes in Saudi Arabia set up his Real Estate Bussiness in Africa Nigeria that way.

He used to do everything himeself but know hase people he trusts who go out and find some great deals for him with the right tenants ect and all he hase to say is yes ore now and than Pay.

His Propertys are beeing Managed all he actualy sees is the Money comming in once a Year and that is it.

No dealing with tenants no repairing things that are spoiled ore renovating.

No day to day stuff just being the Captain of the Ship with the Vision fore the company and the resources and People to implement it that is Bayscly the endgoal fore me and I allready have achieved that with Trading and I have the contacts to Achieve that in Real Estate which is the next Target on my List.


I always ask myself what would happen to my Finances if I am not able to Work myself ?

Would they improove or Would they go down ore Would I even be Broke ?

My Money and My Work are not directly Related and that is real freedome to me. And that Is what I decided to create for my Life since Life is just to Valuable to just work fore Money in my Opinion I want Money to Work fore me.
11-04-2012 05:37 AM
Find all posts by this user Like Post Quote this message in a reply
w00t Offline
Wingman
***

Posts: 848
Joined: Dec 2011
Reputation: 13
Post: #150
RE: How are you guys making $$$
(11-02-2012 04:25 AM)SelfPaid Wrote:  
(11-02-2012 02:22 AM)w00t Wrote:  Affiliate marketign works but it can take months for sites to rate well and till you have figured out your website in a way that it converts. For me it took over 6 months to make money. And after 2 years the vendor decided to close his affiliate system and I was SOL.

You're better off creating your own info product and having affiliates sell for you. Why would you be selling other ppls shit if you can sell your own and make way more money?
Or online freelancing which gives you a small income pretty much instantly if you have some skills.

That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.

still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.

I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.

I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.

1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?

2. What does the average site make Per Month for you ?

I made about 100€ a month with my site, completely passive and all organic traffic. Start up costs were less than 100 dollar as I made eveverything myself.

The problem with affiliate marketing IMO is you're too dependent on third parties.

If you rely on organic traffic and google changes their algorithm ... youre fucked.

If your vendor decides to close the affiliate program ... youre fucked.

If you can sell other ppls stuff you might aswell build a list, create a product and sell your own stuff. That way you're less dependent on other parties AND you get to keep all the profit.
11-04-2012 12:34 PM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  [Making Money] Making money off a blog Kaebs 71 25,383 08-22-2015 06:36 PM
Last Post: jake1720

Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication