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|For the noobs - $20 a day is possible|
and it's just a midstep to $100 a day?...
My story: About a year ago I got into affiliate marketing. I read TONS of messages from this board and a couple others. Learned a lot and also learned that I know very little about this game :)
I am happy to say that this week with school starting, I broke the $20/day barrier...this month I will make the most ever so far at about $800 or so, all profit!
I sell BOOKS from Amazon, among other things. Not a big money maker, and tons of others do the same, so I am not too worried about being secretive about it :)
It also illustrates that one can pick up any product and break into the market and make some extra money. I don't know about you but $800 isn't pocket change for me :) 20" LCD monitor here it comes ;)
One thing I have to say to noobs about what they should do is , JUST DO IT!. Build a site, even if it has one page. It takes a few weeks to a couple months to get found by the search engines, so it's important that you at least get your domain going. Of course the more pages you have upfront, the easier it will be for you to be found.
Once you have the barebones of a site, I would really start getting some content. Write about a hobby of yours if you feel there's enough interest out there. Try and add an article every week or so. Break big articles into multiple pages, etc. Only YOU can decide what to build your site on. Read some of the more exhaustive threads on the topic on this forum.
I would say that the most important thing afterwards would be inbound links. I contacted over 300 sites in the span of a year. Find out what sites link to your competitors, then ask them to link to you. Obviously the better content you have, the better luck you will have with getting webmasters to link to you.So, content again.
Link exchanging boosted up my site to Pr5, and got me in the first page of serps for some major keywords, which in turn has netted me affiliate sales and adsense income. Whereas before I would have to seek out link partners, these days they find me!..it's quite an 'ego trip' when your site gets to be the one others are requesting link exchanges with! I've even had pr6 and pr7 sites sending me requests.
Anyway - I just wanted to share this , and hopefully it will serve as a motivation for those trying to break into the field.
It can be done!...
About duplicate content...
I was reading Adsense policies everywhere and couldn't find where it says that you can't use duplicate content.
If you browse the net, there are tons of sites using a DMOZ database, Wikipedia, or posting articles from AP. These sites have Adsense in their pages.
i have been far more successful selling clicks than selling products, but I do both.
If you can figure out a formula - (and it will likely take you a while to do that and get good at it), you can make a lot of money doing this.
I think androidtech was refering to a penalty in rankings in the search results, not a penalty due to a violation of adsense policy.
Yes that's what I meant.
you gotta keep on keepin and you'll get where you want
AM's a garden, dig it
cEM Said: Bear in mind that getting a job primarily depends on what the employer sees in an applicant's history.... The simple fact is that removing yourself from the jobbing world for any appreciable amount of time greatly reduces your chances of getting back into it in a satisfactory manner...
OK, instead of quitting your job when your AM business gets cookin' and starts bringing in $5-10K a month, why not take the $5-10K, put it back for a few months and buy yourself a small retail business with a positive cash flow that you can absentee own?
Say you save up $10K for 5 months, you've got $50K. If you want to get a 10% return, then that $50K could buy you an business that brings in an extra $400 a month or so, net.
Once you build up your business asset base over the course of a couple of years, you could securely replace a $60,000 job income with money you're making from your own business, in addition to your AM business. This way, all your eggs are definately not in one basket and you can begin to cross over into the "passive" income world by building assets that put money in your pocket.
I second that...spoken like a true business man Rumm. Chances are very rare that you'll ever get rich working for someone.
I just wanted to add about quitting your job: you can also cut a heck of a lot of expenses, too. We got rid of one of our cars, there's no clothing / suit expenses, lunches out, etc. I have time to bargain shop for groceries, and so on. We cut back on our lifestyle, cutting nearly $1,000 a month out of expenses, and are truly enjoying life more.
We're both home with the kids. We have more time together. Our income has decreased, but our quality of life has gone through the roof. And eventually, we'll get the income level not only higher than before, but higher than we ever could have working for someone else.
We're also investigating other businesses we can buy and diversify with. I've looked at real estate investing, too, but really the profit margin is less than 10% and it needs to be held over a long period of time. Might as well "gamble" on small cap stocks or other financial investments, which can return more faster with less hassle (finding a place, getting a mortgage, looking after it, etc.). But each to his or her own comfort level.
You never will get rich working for someone else. You can be affluent, you can have - and most feel a need to own - all the toys you want. But you won't be rich. Rich people don't work for money, they make money work for them.
Hi all, great thread!
Just wanted to say its very encouraging to read all of this, as I couldn't stand my soul destroying job any longer, and quit a couple of months back, to further develop my sites (which I started building in my spare time a couple of years back).
I'm only bringing in around $20/day but hoping to launch much larger site soon - with lots of content for visitors AND search engines! :)
Next target is $50/day!
Much of what has really helped me start earning has been learnt from reading webmasterworld :)
Well I have been "hovering" around that $20 a day mark for a little while now. I recently added Google adsense to all my pages (last week of December), and it looks like that $20 figure will double! Thanks, Google!
Still another thing you can do is work off percventages of your AM income.
Let's say you're bringing in a comfortable $50,000 a year from your job. That means, after Federal taxes, you'll net around $4000 a month.
Now, you work hard and build your AM business to a point where it's bringing in more than your job. So you take 10% of that money and give it away (charity is always a good thing ;) ). You take another 10% and apply it towards you debts to accelerate it's reduction. You take another 10% and stick it away in a safe/secure savings investment, like a CD or annuity, never to touch the principal.
That's 30% of the $4000 your AM business is bringing in. Now, if you're like most people, you'll want to have a little fun with some of that money, so take another 10% for that - $400 a month is a pretty decent car payment!
With the remaining 50%, you do what I suggested before, save it up and buy yourself an income producing asset that doesn't require any additional work on your part. For example, There's a guy who lives on my street that starts nail salons, builds up the client base, and then sells them once they get a solid income stream.
It may take you a few years to do this, but if you develop a plan, and stick to it, you'll be surprised how quickly you end up debt free, with several thousand dollars in savings, and a few absentee businesses that bring in cash every month.
The $50,000 I talked about in the previous example could take quite a while to get to, sure. But I think it's worth the extra months or years I might have to spend at a job in order to build a financial fortress.
Let's talk a little about how that $400 a month could eliminate your debt...
Let's say you have debts that are chewing up $2000 a month of $4000 paycheck. Credit cards, gas, department store, mortgage, etc. Here's how it might look:
Mortgage: $1200/month - 360 months
Credit cards: $200/month - 120 months
Cars:$400/month - 60 months
Dept Store: $200/month - 120 months
So you take the $400 extra you're going to apply to accelerate your debt reduction and apply it to the Dept store, making your payments $600/month, rather than $200 a month. Keep doing that until the Dpet store is paid off. Once it's paid off, you take the $600 you were paying to the Dept store and apply it to the car payment, making that payment $1000/month. You should pay the car off at least 10 months early.
Next, you take the $1000 you were paying on the car and apply it to the credit cards, making that a $1200 a month payment. Then finally, once you've paid off the the credit card, you add the $1200 to your mortgage, making that payment $2400/month, rather than only $1200.
What happens with this is you end up with zero debt in a shorter period of time. Once your debt is gone, the only thing you have to worry about is health insurance, and daily living expenses. Then, your cash requirements are smaller, but you still have all this income. That's a good time to start thinking about leaving your job.
I would never jump ship too early. You've got to get the debt out of the way, deversify your income, and solidify your income producing asset base before you can really enjoy financial freedom.
Develop a plan and stick to it. Then ywhen you leave your job, you'll never have to worry about finding another one again.
On another note, let's see what happens to that $400 you've been putting away every month while you're paying off your debt at the same time...
In the debt example scenario I laid out, it would take you about 180 months to get out of debt, that's including your mortgage!
So, if you're putting back $400 a month into, say, a mutual fund that earns an average of 8% return per year, by the time all your debt is paid off, you'd also have a nest egg of just under $140,000. If you're a little more dilligent in your search, you can find mutual funds and other investments that comfortably earn an average of 12% per year or more. At that level, by the time your debts are paid off, you're be sitting on just under $200,000.
Thing is, how is it that people are getting all this traffic and building sites particularly for AM? I mean, how unique can content-only sites be? What's stopping anyone from duplicating a site and becoming an AM king/queen?
My problem is do you build sites that are of any real use or are they just search engine food?
I have recently caught on to what it takes to get decent rankings for pages that convert on my site. That being said the pages that convert aren't really all that useful they are just the web equivelent of infomercials really.
Is that the road you have to take?
A site of infomercials or am I missing something here?
|Way to go, zygoot!... I'm hoping my last post on this thread will be me reporting the $100/day mark as well! If I make it there by the end of January, it'll be 6 months since the start of this thread. |
Rfung, i am on 20$ a day mark at the moment, i hope i can make it to 100$/day in 6 month. i am working on it.
Hi rfung, just wondering what the sales are up to. I've recently started in the affiliate game and this thread has been great inspiration. Cheers
Dec was about $85/day.
Jan is turning to be about the same so far.
>Let's say you're bringing in a comfortable $50,000 a year from your job. That means, after Federal taxes, you'll net around $4000 a month.
Do you live on Gibraltar in Panama? Please tell me the country with 2.000 $ taxes on a 50.000 $ income. Especially if thÝs income comes from employment.
I think he meant to say if you live in the US and make $500,000 you may take home $4,000 a month after taxes.
Don't think so, that's the other extreme.
Yah, the numbers are a LITTLE off, but it's not drastic. You have to make somewhere between 65-70k to have a monthly take home pay of 4K.
Keep in mind that your yearly salary is not ALL taxable income (e.g, if you make 50K, you don't get taxed on 50K).
Which is not the same as saying you don't have to report the $50K.
I AM NOT A TAX CONSULTANT.
[edited to correct my own numbers]
Ok, here is my question. Is there anyway to pay a lot less taxes than that? What are some of the good countries for doing this? I am not looking for a tax consultant, but someone that knows the general rules. I probably will get taxed heavily being in Canada.
What about offshore tax havens?
There is a loophole for US citizens that I am currently exploring. The fine details can be found by doing a search on Google, but basically it states that the first $70,000 per year of money earned outside of the country are not taxed as long as you have been living out of the country for a specified amount of time. This can become $140,000 if you and your wife both take advantage of it. Yes, that is 0 tax!
So, all you would have to do is be a US citizen, move to some exotic place where cost of living is lower and receive your checks there.
This is especially convenient for us webmasters, because the Internet allows us to work from anywhere in the world :-)
The only way to escape taxes as a Canadian (legally that is) is to become a canadian non-resident. To be considered a non-resident by revenue canada you have to be a resident of another country for at least 2 years. You're not allowed to own a home, car, credit cards, bank accounts, kids that you are supporting, storage space, magazine subscriptions, drivers license, or health card in canada. I might have missed something but look up 'canadian non resident status' in a search engine for more details.
I am personally looking at relocating to belize, the bahamas or turks and caicos. I find that even if you are only taxed at the 50% or so rate, revenue canada will try and refuse legitimate business expenses until you are paying almost as much as you are making.
A little update about my AM situation:
If traffic keeps up as high as the first 10 days of this month then my total January earnings will probably be a little more than $100 a day..
During the first few days I thought the significant increase in revenue was caused by the Holidays but now it seems that this isn't the case (or just a very little).
Thanks for the heads up on revenue Canada, even though anything here related to the government is screwy... I should have known.
I'll go ahead and share my story. I started this past June, made a content site and stuck AS up. Made some decent money, nothing great. I added 4 or 5 more sites to my network and everything was going pretty well.
I've dabbled with AM here and there and on my content sites, selling about $200 profit worth of stuff a month. Nothing to write home about.
Recently I found an affiliate where I'm making about $150/day profit, it came from a lot of hard work with research, reading etc. Something I would have never thought of and apparently a lot of others haven't thought of either.
So now I'm making a couple hundred a day profit, but who knows if it will last. I just made a landing page for AdWords affiliate stuff today so I'm ready when they switch. I have no experience with landing pages, so we shall see if it remains as profitable.
Now I don't know if $150 profit on one merchant is a lot for some of the big boys, but for only promoting one site I think it is pretty decent. I put up a new affiliate a few hours ago and I am eager to see if that will work as well, although probably to a lesser extent.
If you work hard and do your research $100/day is definitely possible within a few months time. My next goal is the $1,000/day mark, I think it will require a lot of hard work, but I got a lot of stuff planned for this year.
Hey GuitarZan, WRT Canadian taxes, unless you live outside the country for 183+ days a year (and thus pay taxes to that country), you're likely stuck. What you can do though is form a corporation and earn the money through them. Subject to certain limits (I think it's around $200K profit/yr depending on province), you can pay yourself a regular salary, dividends, etc. It will end up being the same tax paid, but lets you even it all out. If you made $100k one year and $0 the next, you'd pay a lot of taxes personally (since the marginal rate at $100K is crazy), but drawing a $50K salary, it would be a lot less.
I'm not an accountant, this is just my recollection of reading up on the subject.
|Recently I found an affiliate where I'm making about $150/day profit, it came from a lot of hard work with research, reading etc. Something I would have never thought of and apparently a lot of others haven't thought of either. |
hdpt00, may ask humbly if this is only 1 product? or multiple ones? If it's just 1 product must be a great product to promote!
Just 1 ;-).
Has anyone ever hired one or more people to write content for your websites - in order to boost your revenue with the extra hits that those articles may get?
And how much do you pay them to write articles for your site?
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