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  1. #201
    SitePoint Evangelist Scott.Botkins's Avatar
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    Quote Originally Posted by Hartmann View Post
    Don't you technically owe the Cincinnati Bengals some royalties then?
    As long as I do not use there trademark logos. They told me what I was allowed and not allowed to do profit wise.

  2. #202
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    While I am not quite up to $100K a year, I pulling somewhere in that region strictly thru 10 or so affiliate programs.
    It has taken me well over a year to get to that level...persistence and a clear goal are key.
    It is a heck of a lot of work initially,but once you have a good list of responsive customers,you can afford to cruise with a just a little 'gas' to keep the whole thing moving

  3. #203
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    I'm not currently in that range, either, but not too far off- because I work for somebody else.

    HAD I the capital to begin/maintain, I would be at more like $250K/ year right now. Nothing to do with affiliates, strictly tangible products. It would be nice if I could pull it off on my own.

  4. #204
    SitePoint Enthusiast
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    This is a interesting thread.

    John,

    You and I are sitting in opposite positions in a way. I've been successful starting and growing several online businesses, which includes the marketing aspects, business side and client interaction. However, I rely on a programmer for most issues that may come up or new projects that require programming way beyond my scope.

    As I look through my PHP & MySQL for Dummies book, I think you are at an advantage. The learning process (for me anyway) of PHP is daunting at best. I'm so much a visual learning that without someone to sit and "show" me, I find it a very slow road.

    I'm fortunate to have an awesome programmer, who has been with me for I believe 2 years now and actually found him here on SP. In my mind, he's a genius (just in case he reads this... Just kidding), but he is extremely talented at what he does and I know I wouldn't be where I am today without him.

    But you know, someday he may not be available anymore for whatever reason. While I hope that doesn't happen, I know it's a possibility and I either would have to learn the programming side thoroughly, or hire someone else. He and I have such a great working relationship, I think I would find it really hard to go with someone else if he ever became not available.

    I suppose what I'm trying to say is the marketing and business end (at least in my mind) is the easy part to learn compared to the programming. The programming skills and site development skills it sounds like you already have so I think you are in a great position to go forward and work towards that $100k/year goal. I think it's very plausible and you are one up from those that don't have the ability to be creative in the programming and maintain their own sites.

  5. #205
    SitePoint Evangelist ramone_johnny's Avatar
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    Quote Originally Posted by karvay View Post
    I suppose what I'm trying to say is the marketing and business end (at least in my mind) is the easy part to learn compared to the programming. The programming skills and site development skills it sounds like you already have so I think you are in a great position to go forward and work towards that $100k/year goal. I think it's very plausible and you are one up from those that don't have the ability to be creative in the programming and maintain their own sites.
    Thanks for the kind and encouraging words.You're right, I do have the programming and development skills, however I know very little about marketing and business strategies. As I did when I first started programming, Im learing as I go, which is either dangerous or insightful

    The thing is though, i love the challenge and wouldnt change it for anything else!

    John

  6. #206
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    Quote Originally Posted by bonds77 View Post
    HAD I the capital to begin/maintain, I would be at more like $250K/ year right now.
    If you are that sure you could make $250K instead of $100K, why don't you get a loan? Even a bank would be willing to finance if the opportunity is as good as you say.

    Very few people have capital lying around in the drawer when they just start out. Capital is not the biggest obstacle to running a succesful business. It is execution.

  7. #207
    SitePoint Guru Galo's Avatar
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    Quote Originally Posted by ramone_johnny View Post
    Ummm, not really interested in selling services, more so sites that generate traffic and pull good revenue.

    Such as one of my sites here - *link removed

    That I will *one day* get around to fixing!

    John
    If your in it 4 the money stay out of it, go hors track racing or casino's if ya want money...

    or start ourtube.com bwahahaha EPK!
    Business as usual is off the menu folks, ...

  8. #208
    SitePoint Evangelist ramone_johnny's Avatar
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    Quote Originally Posted by Galo View Post
    If your in it 4 the money stay out of it, go hors track racing or casino's if ya want money...

    or start ourtube.com bwahahaha EPK!
    Gambling, why didnt I think of that?

    No seriously, jokes aside, I must thank everyone for providing some great insights and feedback in what has turned out to be quite a large and interesting thread!

    RJ

  9. #209
    SitePoint Evangelist
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    Right now I just got to thinking of those people who truly made it big with deceptively simple ideas. ****, YouTube, Facebook...they're all stuff I can pull off technically (for the most part) and makes me wonder "how did I not think of that". But I've realized that in the emerging web 2.0 era, being the first to execute the idea is the biggest factor.

  10. #210
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    Quote Originally Posted by ccRicers View Post
    Right now I just got to thinking of those people who truly made it big with deceptively simple ideas. ****, YouTube, Facebook...they're all stuff I can pull off technically (for the most part) and makes me wonder "how did I not think of that". But I've realized that in the emerging web 2.0 era, being the first to execute the idea is the biggest factor.
    Well if you think about google.. If my sources are correct, a couple of university students wanted a search engine that added sites by crawling the net. They are now buying out online business's for up to $3,000,000,000 (Thats a lot of 0's).


    The hardest part like you said is coming up with the ideas.. and i know exactly what you mean, everytime i think of something new its either been done or not worth doing.

  11. #211
    Function Curry'er JimmyP's Avatar
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    I have not read this entire thread so sorry if someone had already mentioned this:

    Anyone remember that guy who came up with the milliondollarhomepage idea.... selling pixels... not even original - but he made an easy $1000000 out of it...FANTASTIC...another "why didn't i think of it"!!!
    James Padolsey
    末末末末末末末末末末末末末末末末末末末
    Awesome JavaScript Zoomer (demo here)
    'Ajaxy' - Ajax integration solution (demo here)

  12. #212
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    Quote Originally Posted by ccRicers View Post
    Right now I just got to thinking of those people who truly made it big with deceptively simple ideas. ****, YouTube, Facebook...they're all stuff I can pull off technically (for the most part) and makes me wonder "how did I not think of that". But I've realized that in the emerging web 2.0 era, being the first to execute the idea is the biggest factor.
    Quote Originally Posted by freelancesam View Post
    The hardest part like you said is coming up with the ideas.. and i know exactly what you mean, everytime i think of something new its either been done or not worth doing.
    Amen, and amen.

    The marketing industry has been studying this phenomenon for ages. I find it interesting that most of those successful sites are born out of necessity rather than over thinking what the next "it" will be. Young adults and college students, looking for ways to make their lives easier... not a bunch of suits gathered around a fancy table.

    I believe the going market term is "stickiness". I hear this is a good book on the subject matter.. if anyone is interested.

    http://www.madetostick.com/thebook/

  13. #213
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    Thank you all, it's a great thread - i can really relate to many of the experiences shared in here, especially karvay's post, with regards to not being a programmer.

    Quote Originally Posted by karvay View Post
    I'm fortunate to have an awesome programmer, who has been with me for I believe 2 years now and actually found him here on SP.
    We manage a site which has about 1mn monthly visitors and it is doing quite well, but the journey has been tumultuos. Outsourcing development and winging a lot of things without a 'good/experienced' programmer has limited our scope of progress. It'd be great if we could also find someone awesome at SP, much like you did.

    Quote Originally Posted by ramone_johnny View Post
    1. Is it really do-able?
    2. Will the web infact bring the lifestyle you want?
    3. Do you know of other successful web people?
    4. Have you actually networked with other successful "web" people?
    The point that struck me in the original post is the question- Will the web infact bring the lifestyle you want?

    In so much as wanting to leave employment, be your own boss, work for yourself and make $100k per year... yes, we think it'll bring the life we want. But the reality is 16-20 hours days, a lot of hard work and a pretty unbalanced life. However, all this does depend on when you started out, how much financial capital you've deployed, your own skill-sets, your network, and the opportunities & luck which you may have come across.

    Most of us start out with a war chest of under $5k-20k, have a love of the Internet, are either from a techie or business/marketing background, are thinking of, or have just quit our jobs, and want to earn 100k per year making money online. Unsustainable 18/20 hour days are driven by passion and raw energy at the start, but for those that are lucky, this may only be temporary in order to play catch up. For others, it may take a few years of dedication, many times at the expense of other parts of your life.

    It is possible to make it this way, but in addition to the hours burned, it does depend on your skill, network, opportunity/luck and starting capital. A lot of people starting today will succeed this way and we may or may not hear their stories, though there's probably a lot more to be learned from all the not so successful experiences.

    Assuming that only 5% (if that) of people succeed, it is important to reflect on the resources you have, before taking the critical leap. Although it is the life you want, will it INFACT bring the lifestlye you want?

  14. #214
    Follow Me On Twitter: @djg gold trophysilver trophybronze trophy Dan Grossman's Avatar
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    I work less than an hour a day at this... with no employees and having never outsourced anything but a single logo design... and have reached that level... and I'm not alone. Who knows, with 20 hours a day maybe I'd be making millions instead, but I don't want to work 20 hour days.

  15. #215
    #titanic {float:none} silver trophy
    molona's Avatar
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    I don't work 20 hours/day, but I do work 8-9 hours daily. I am not making 100K, far from it, but I do pay my bills and my life style is more balanced now than before, when I worked for someone else. Although I am terribly busy, now at least I have the time to spend 1-2 hours every day with my family, that didn't happen before. Of course, I want to improve

  16. #216
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    Quote Originally Posted by Dan Grossman View Post
    I work less than an hour a day at this... with no employees and having never outsourced anything but a single logo design... and have reached that level... and I'm not alone. Who knows, with 20 hours a day maybe I'd be making millions instead, but I don't want to work 20 hour days.
    Ditto, I'm only a penny maker compared to those who spend tons of time. In the beginning however I put in at least 15-20 a day and made money from it. For me it got old so I moved on, and because of my age earning around 500$ for an hour of spare work is just fine.

    I must admit however, I do get jealous towards a friend. She spends countless hours working her websites and earns LARGE amounts of money. So really you have to choose, do you want work super hard now and retire early, or work not as hard and earn less. Going through college and doing a different career requires the same sacrifice.

  17. #217
    SitePoint Addict sparkdigital's Avatar
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    Quote Originally Posted by ramone_johnny View Post
    Thanks for the kind and encouraging words.You're right, I do have the programming and development skills, however I know very little about marketing and business strategies.
    In my opinion, marketing and business skills are the most important thing if you're wanting to create a sucessful business - a programmer / seo expert can easily be hired at a (relatively) small cost but coming up with a business idea, doing market research and being able to sell your idea etc. is core to achieving your goals. (sorry for the marketing speak!)

    So maybe if you have the programming skills you can team up with someone who has the marketing and business skills.

    Don't give up though - the last thing I want to be is negative! - we're all learing and I had to learn it the hard way too. When I first started I wanted to do everything myself but now I realise it's so much easier and enjoyable to focus on you strengths & natural abilities and buy in services or skills that you don't posess yourself.

    Hope this helps!

    Konrad

    BTW - Like some others in this thread I'm not making huge amounts either, but then again I decided I didn't want to. Time is sooo much more valuable than money - don't give up the most valuable younger years of your life now working into the night hoping that you might get some kind of decent retirement sometime in the future. Go for a walk on the beach / in the woods with your partner / kids / friends TODAY!

  18. #218
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    this guy 7mile.com makes $3,000,000 per month...yes 3 million dollars per month...probably more.
    Read his stuff at 7mile.com ...his name is Frank ...he makes his money by buying domain names and parking them for income.
    Easy to do...just buy domain names with traffic and park them for income...keep doing that over and over and over again and again and again...and you will be making millions also.
    you guys are thinking too small....thinking about making $100k per year...you should be thinking about making millions...
    anyways, good luck to all.

  19. #219
    Follow Me On Twitter: @djg gold trophysilver trophybronze trophy Dan Grossman's Avatar
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    Quote Originally Posted by anunt View Post
    this guy 7mile.com makes $3,000,000 per month...yes 3 million dollars per month...probably more.
    Read his stuff at 7mile.com ...his name is Frank ...he makes his money by buying domain names and parking them for income.
    Easy to do...just buy domain names with traffic and park them for income...keep doing that over and over and over again and again and again...and you will be making millions also.
    you guys are thinking too small....thinking about making $100k per year...you should be thinking about making millions...
    anyways, good luck to all.
    You say it as if there's a list of domains with traffic in front of us and nobody else viewing that list! Those domains are few and the number after them is in the thousands, many of those as you point out with significant experience and resources.

  20. #220
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    I do pretty well with my business, and started it by working the 10 - 14 hour days. However now I am at a point where I have learned to only work at the important things myself (business development, project management, and the design jobs that I like) and let anyone I can pay less than what I charge do the rest.

    The result is I work a normal 8 hour day, but its not a grueling day. I spend most of it on something I enjoy, building my business.

    Everyone should read the book "The four hour work week" , it is excellent.

  21. #221
    SitePoint Addict MrBaseball34's Avatar
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    Quote Originally Posted by anunt View Post
    this guy 7mile.com makes $3,000,000 per month...<SNIP>...he makes his money by buying domain names and parking them for income.<SNIP>
    Yes, he does it because he has specialized software that scours the regitrars for pending expirations and sometimes scoops them up illegally.
    MrBaseball34
    Hook'Em Horns!

  22. #222
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    I'm not up to "big money" yet, but it's certainly nice for a supplemental income that I can nearly ignore for a few days while it still sits in the background making money.

  23. #223
    SitePoint Enthusiast ewin's Avatar
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    anunt,
    Are you making big money? I think most of the folks here are focused on realizing $100k per year in income... figuring that if they can get that far, that they'll at least be closer to BIG money.
    Josh Ewin, Director of Marketing
    Solar VPS - The Best Price to Performance Ratio In Cloud and VPS Hosting

  24. #224
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    Great thread

    I made a pretty good amount (atleast more than i expected) from 1 site which i developed and ran myself for 3 years (it started out as a fun thing to do - not really expecting much in the way of money from it), it however was becoming more of a burden as membership grew , and the potential legalities scared meso i sold the site. I'm not a risk taker - i started out with a few pence to spend on hosting . Now this year starting from scratch but have 19 domains , the total affiliate revnue is just covering the hosting costs. I think the affiliate market in particular is saturated , and it is much harder to get to the top of the search engines and PPC is a no no these days for me - also have dablled in dropshiping - but have found unless you have the best price PPC is pointless , as is advertising your eshop in a price comparison site ... luckily i have my other p/t job that i kept up during the more successful period to fall back. But still keeping my eyes open , and this forum for instance has some inspiring stories


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