Forum Moderators: skibum
I like to think anything's possible :)
Online is no different but rather it requires relatively less money or effort than in the offline world! .
I would say one have better odds to make 1 million by buying lottery for $100 than to invest it :)
Good Luck! ...
But in today's internet marketing world, I doubt one year is sufficient time allowance.
Work hard over several projects, make sure you know what you are doing, and in time (maybe 3 years or more) its possible to achieve that. Realistically.
I think going from 0 to $1M is a task for a select few here, nevermind putting the restrictions of $100. I would bet on a few I've met here, but against most. The one's that could, spent $1000's or years learning how I'm sure.
First thing to do is figure out how to turn $99.00 into $198.00. People do that every day. Next thing using same formula is to turn $198.00 into $396.00 and so on. I think you see where I am going with this.
With the above sample I would have to say it is possible given the right motivation and desire.
"OH MY GOD" I THINK I JUST FIGURED OUT HOW TO BE RICH.
"IT'S SO SIMPLE"
And even then, you'd better start with $31250.
Thoughts:
* You have better odds playing a lottery.
* In lottery, you have little chance to increase your odds. Not so on the web.
* Since you are here, you already increased your odds a good deal.
* That still is not enough to make $1 million.
* If you double your money every month, you'll get surprisingly close to $1 million in a year.
* Is it possible to double your money on the internet every month? Yes for $100 and $1000, but very difficult once you get over a decent amount.
Over time it will take a lot more than $100 but if you are good and really lucky $100 will get you started and it will grow from there. Eventually it gets harder and harder to find places to spend money that are profitable.
Started here with a few AdWords coupons & never invested a cent of my own money. It all just keeps churning.
What makes you think you can invest $99, and after 12 months be earning $83,333.33 a month?
I think it is time to wake up and smell the coffee, my friend :)
I dont doubt that earning $90,000 a month from the internet is impossible, but with a $99 investment and only 12 months to reach that level i doubt it somehow.
yup. Sometimes when I'm not terribly motivated and annoyed my 2 sites that do pretty well aren't doing better, I forget that it's a formula, and I should be able to recreate it time and time again.
A few thoughts:
1 site that makes $100 per day = $36,000 per year
3 sites that make $50 per day = $54,500 per year
10 sites that make $20 per day = $73,000
50 sites that make $10 per day = $182,500
I will say that this is by no means simple, but it is possible, it really does take a lot of work. And with the sandboxing of new sites, the $ can be delayed.
I can't find it, but I am equally certain they didn't start with $100.
That's the way PPC to affiliate programs works... Eventually it gets harder and harder to find places to spend money that are profitable.
skibum -
I would be really interested to know how much you spend on adwords per month. sticky?
Making $90,000 a month as an affiliate is definitely possible.
Just met a guy who is making $3000-5000 a day collecting loan and insurance applications through a form on his site and forwarding them automatically to a bank or insurance company. He hadn't even heard of affiliate marketing - he thought of the idea himself and cut a deal directly with the banks. He happens to be a semi-retired high flyer who sits on boards and plays golf with the right people. He found it funny that there is a whole industry of people who build sites about debt consolidation, refinance, etc...
For the same amount of work as the rest of us, some people have figured out the formulas where they make thousands per day. It makes me laugh when I get excited to make $8 on a $100 sale to think of the guys who check their stats and say, "sweet, I made $3,000 today".
When you're a high flyer in the right industry (and we all know which ones those are) only the sky is the limit. But it takes the right timing, the right knowledge and background. I for one don't know jack about finance, so I'd be at a disadvantage to compete with anyone already in that market.
Do I choose to go through the steep learning curve AND face the big guys with big budgets, or do I fight on smaller niches with less competition? I may not make $5k a day, but $50 is a start.
Just have to have 100 sites like that :)
Obviously, if you knew everything at the outset of a new business, you could turn $99 into millions. Gaining knowledge costs time and money.
Most starting a venture have limited market knowledge and funds. You start out small, not risking too much until you learn more. By using a staged approach, you gain a little more knowledge at each step, which allows you to reinvest your earnings wisely.
