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The realities of earning $10,000 + a month online or in business in general
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<blockquote data-quote="HustleNomad" data-source="post: 1206609" data-attributes="member: 10980"><p>I'd like to challenge you on that. </p><p></p><p>Working a day job is a completely different scenario, and I wholeheartedly disagree that that is the typical way to become an expert. If somebody else is setting your pace and you are taking little if any initiative to grow outside of that, you've got some big internal changes to make in order to have a shot.</p><p></p><p>With a careful approach, it is possible to rapidly gain moderate to high level proficiency on a subject. I've done it. An argument could be made that I learn quicker than average, but what's more important is that I'm not afraid to take matters into my own hands, fail a bunch, and go deep.</p><p></p><p>Reading the books by ONLY the top people in that area, calling/driving/flying to meet and network with the most knowledgable people, searching for mentorship. In 6 months or less of daily intensive study <strong>and application</strong>, you have more knowledge than 95% of people and can talk your way in and out without stumbling. Emphasis on daily and intensive. You just made some bank as an affiliate, you now are in a position to essentially learn something full time because you are under absolutely no monetary pressure.</p><p></p><p>As an example let's say a family member has had severe gut issues for their whole life, and no doctor could figure it out/just threw drugs at them, but you took matters into your own hands and learned everything there is to know about GAPS protocol, FODMAPs, affects of gluten and wheat on inflammation, alkalinity, antioxidants, probiotics. You've tested everything, and you have a thorough understanding of the processes behind the body's reactions. As a result, within 3-6 months your family member makes a rapid improvement in health, cognitive function, mood.</p><p></p><p>What you just went through is an extremely valuable learning process (and you can now sleep well knowing you helped your family), where you acquired knowledge that MILLIONS of people would love to have, but don't have the time, desire and/or intelligence to figure out for themselves. All of a sudden you have massive value to provide to the world... but there are also a lot of others to compete with. Luckily for you, 95% of them know very little about how to position themselves correctly. But you've already honed your skills for the past 2-4 years as an affiliate, broken down countless funnels, and you've done some prior research and surveying so that you understand how your market works and what they respond to. </p><p></p><p>Now let's say that your knowledge isn't 95th+ percentile, and instead it's only 80th percentile. You will likely come across a few customers here and there who will want to be refunded, but so what? They are not the majority! <strong>Never underestimate just how clueless the average joe is.</strong> Time and time again I get reminded of this and every time I am absolutely astounded.</p><p></p><p>In order to offer a product or service you do not have to be the best at what you do, but you do have to be more knowledgable than your average customer and you do have to know how to sell. Most people who can pull this off are obsessive by nature, and will have gone deep on SOMETHING at least once. Whether it was potato guns, nutrition, fitness/workouts, skiing, mountain biking, golfing, or Runescape. Maybe not Runescape. The only caveat is that it should be a market who are capable of spending - so avoid anything where teens are the primary audience.</p><p></p><p>Another approach I've seen work is combining moderate personal knowledge + partnering with an expert. You negotiate an upfront fee or revshare with them (you did learn to negotiate as an affiliate, didn't you?) in return for their knowledge - be it creating content, refining content, interviews, consulting. You know enough about the topic that you know what you don't know, so can ask the right questions to bring the provided value to the next level. </p><p></p><p>This way you can also piggyback off of their name and their reputation, so you have added social proof (huge) and the potential of an email list blast (huge) straight off the bat.</p><p></p><p>You are correct that the average person could have trouble... but frankly I think that for anybody smart enough to find and contribute value on this forum, it can be pulled off in under 5 years from scratch provided the correct path is laid out; but you do need to commit 120%. The more you are committed and the less time you waste, the more likely it is that you can learn/earn in marketing within 2-3 years. Then all of a sudden it's 2-3 years AM + niche research + 6 months learning + testing and creating the product. Yes it's true that affiliate marketing you are building somebody else's business and not an asset. But you also make BANK while learning an invaluable skillset.</p><p></p><p>That does however mean putting pickup on the back burner, purely because it is a timesuck and destroys your focus. I've been in LTRs for about half of my business journey so far (with a bit of hedonistic travelling here and there), but I'm fine with paying that "price" to get myself set up for life.</p><p></p><p>Compare a multiple 7 figure upside likely within 3-5 years, to working a desk job... or living in Chiang Mai writing blogs and selling dropshipped crap.</p><p></p><p>For most there are many psychological barriers at play here - fear of failure, imposter syndrome, deeply ingrained limiting beliefs; even if you've conquered these in game, it doesn't necessarily carry through to business. All perfectly normal. Push through and get hustling brothers.</p></blockquote><p></p>
[QUOTE="HustleNomad, post: 1206609, member: 10980"] I'd like to challenge you on that. Working a day job is a completely different scenario, and I wholeheartedly disagree that that is the typical way to become an expert. If somebody else is setting your pace and you are taking little if any initiative to grow outside of that, you've got some big internal changes to make in order to have a shot. With a careful approach, it is possible to rapidly gain moderate to high level proficiency on a subject. I've done it. An argument could be made that I learn quicker than average, but what's more important is that I'm not afraid to take matters into my own hands, fail a bunch, and go deep. Reading the books by ONLY the top people in that area, calling/driving/flying to meet and network with the most knowledgable people, searching for mentorship. In 6 months or less of daily intensive study [b]and application[/b], you have more knowledge than 95% of people and can talk your way in and out without stumbling. Emphasis on daily and intensive. You just made some bank as an affiliate, you now are in a position to essentially learn something full time because you are under absolutely no monetary pressure. As an example let's say a family member has had severe gut issues for their whole life, and no doctor could figure it out/just threw drugs at them, but you took matters into your own hands and learned everything there is to know about GAPS protocol, FODMAPs, affects of gluten and wheat on inflammation, alkalinity, antioxidants, probiotics. You've tested everything, and you have a thorough understanding of the processes behind the body's reactions. As a result, within 3-6 months your family member makes a rapid improvement in health, cognitive function, mood. What you just went through is an extremely valuable learning process (and you can now sleep well knowing you helped your family), where you acquired knowledge that MILLIONS of people would love to have, but don't have the time, desire and/or intelligence to figure out for themselves. All of a sudden you have massive value to provide to the world... but there are also a lot of others to compete with. Luckily for you, 95% of them know very little about how to position themselves correctly. But you've already honed your skills for the past 2-4 years as an affiliate, broken down countless funnels, and you've done some prior research and surveying so that you understand how your market works and what they respond to. Now let's say that your knowledge isn't 95th+ percentile, and instead it's only 80th percentile. You will likely come across a few customers here and there who will want to be refunded, but so what? They are not the majority! [b]Never underestimate just how clueless the average joe is.[/b] Time and time again I get reminded of this and every time I am absolutely astounded. In order to offer a product or service you do not have to be the best at what you do, but you do have to be more knowledgable than your average customer and you do have to know how to sell. Most people who can pull this off are obsessive by nature, and will have gone deep on SOMETHING at least once. Whether it was potato guns, nutrition, fitness/workouts, skiing, mountain biking, golfing, or Runescape. Maybe not Runescape. The only caveat is that it should be a market who are capable of spending - so avoid anything where teens are the primary audience. Another approach I've seen work is combining moderate personal knowledge + partnering with an expert. You negotiate an upfront fee or revshare with them (you did learn to negotiate as an affiliate, didn't you?) in return for their knowledge - be it creating content, refining content, interviews, consulting. You know enough about the topic that you know what you don't know, so can ask the right questions to bring the provided value to the next level. This way you can also piggyback off of their name and their reputation, so you have added social proof (huge) and the potential of an email list blast (huge) straight off the bat. You are correct that the average person could have trouble... but frankly I think that for anybody smart enough to find and contribute value on this forum, it can be pulled off in under 5 years from scratch provided the correct path is laid out; but you do need to commit 120%. The more you are committed and the less time you waste, the more likely it is that you can learn/earn in marketing within 2-3 years. Then all of a sudden it's 2-3 years AM + niche research + 6 months learning + testing and creating the product. Yes it's true that affiliate marketing you are building somebody else's business and not an asset. But you also make BANK while learning an invaluable skillset. That does however mean putting pickup on the back burner, purely because it is a timesuck and destroys your focus. I've been in LTRs for about half of my business journey so far (with a bit of hedonistic travelling here and there), but I'm fine with paying that "price" to get myself set up for life. Compare a multiple 7 figure upside likely within 3-5 years, to working a desk job... or living in Chiang Mai writing blogs and selling dropshipped crap. For most there are many psychological barriers at play here - fear of failure, imposter syndrome, deeply ingrained limiting beliefs; even if you've conquered these in game, it doesn't necessarily carry through to business. All perfectly normal. Push through and get hustling brothers. [/QUOTE]
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