How would you make $400,000 in one year online?

The overall investment:profit ratio isn't very pleasing, this wouldn't be my 'go-to' method. Lol

Hahahah! Too funny . The other person need to have $1,000,000 in order to invest

Bravo, I've had similar experience when my father invested in the stock market! His secret: Buy High, Sell Low!

I have been a member of WarriorForum for years now and dont think I have ever responded to anything but coming from an institutional investment background I find this comment pretty funny. Thanks for the chuckle!

Really great solution. I must appreciate your day by day targeting formula. If anyone can make his target like this and work accordingly. I am sure this 400K/year is achievable.

that's revenue, not profit...

First, Alex I love your thought process! I just started making training courses on Udemy. Unlike many others on there (I assume), I'm tapping into my calling and responding to the market. That is as opposed to just being an opportunist. I was born of teachers and have taught for free for a LONG time with TREMENDOUS feedback. Many people have said that my style is super effective and rare. They say:

No other person made me understand this before you
You made my smile and have fun while learning
You saved my hours in learning time
You are better than my teacher

I've heard this for years but I already have a career and although I like teaching, I don't want that as a job. However I had a eureka moment. This could be my ticket to another goal. 100% financial independence. Not being a slave to my career anymore. My field dies, I still pay the bills. My goal was just $1500/month and I'm already making $600/month online with other things, so it's really $1000/month.

Long story being said...I've done the math and I could potentially make much more than $400k. Using your formula as a loose guide, if I charge $300 for my class, I only need about 111 new students a month.

Currently 400-600 people a DAY are enjoying my free single topic video online. That is near 13,000 people a month. I just need to convert 111 of that 13,000 to the paid course. It sounds SO easy...but...I started course for FREE yesterday and now have 460 students but only 5 are actually taking the course and only 1 complete near 80% of it. So if I charge, maybe that drops in half? So a new student every other day? That is 15 students a month?

I don't know. I feel I'm so close to something big here but I'm missing something. This is my first time selling a product. I feel like an average Joe in a million dollar race car trying to win races. The car is DYNAMITE....but...I don't know what to do with it. One of you marketing pros in my shoes would probably make that $400k easy. I feel I have everything that SO many are seeking:

-A unique product in high demand (FREE anyway)
-13,000 fresh and HIGHLY relevant eye balls every month
-A product that can for SURE be used to help get a high paying job $80k-$200k

The scariest thing is only 10 of my hundreds of students have even watched ANY of the videos in my class. Something is not right. I'm building 3 other courses now. People say I have a gift with teaching...MUST be a way to make money with it. REAL money. Right now my "gift" pays me about $100/month in ad revenue.

Do you think youVs.me is a site that can generate that type of revenue?

Thanks
Harrison

$400,000 would be a nice chunk of change. Some people make that much or more every year. Find a hot new product to offer.

Do some of you actually believe the BS you write? It amazes me every time these threads appear, people answer these with such confidence as if they themselves have generated these ludicrous sums of money in the time period given by the OP...



BS, just believing you can make it is not going to get you far... Yeah it's great to have a positive mindset but you people have this notion that if i truly believe it's gonna happen....
1Mill by end of year, let us know how it works out...



I thought you might share some of those infinite ways but like most respondents you waffle on about theory, ifs and buts and willing millions out of thin air with the power of positive thoughts...

My friend i believe you can do, you are 100% correct it does start with the mind now find the vehicle and go my friend DO NOT LOOSE SIGHT OF YOUR GOAL 400K IN 12 MONTHS

He is talking about "the law of attraction". i suggest you invest a little time researching this, it`s going to be the most important thing that will get you there and beyond. In short, you have to believe it before you can see it, not the other way around.

You're talking about roughly $33k monthly which isn't too bad considering that you'd be making about $1k daily in profit.

This could be done with media buys on cpa offers. Spend $4 - 5k on advertising and make $1000+ in profit on the low end from 125 - 135% ROI.

Another way would be to open a coaching program around some expertise you have. I've seen many people do this for SEO, email marketing etc.

Selling services to high paying clients is also good. One guy i know sold SEO services to high end clients such as doctors, surgeons etc and made about $50k monthly using local SEO.

But these are all example from what I've seen of my friends and others do in their businesses.

I won't even pretend that i know how exactly i would get to $33k a month from my business, because I'm not there yet BUT I am working on it

I agree, this is currently working for me, although I thought scaling would be easier ..... I haven't hit the $400,000 mark yet, but I don't work a regular job anymore.

Wow, blowing me away saying $400,000.00 is not much money, well I would love to have that much coming in, I have a few websites and making a few dollars off of one but nothing on the other two and would like to get them going. One that I really want to get going is my Name Brand fragrance site and it is very hard to get it in front of people that buy those types of products. I saw something on here speaking about listing on forums for websites, well I have not found any forums on the net that will let you list websites, so unless you have a lot of money to buy ads or get lucky by finding people that will come to a site, I don't know how you get traffic. I am a product guy not a computer guru, I have tried to find someone to blog for me and that is a very hard thing as well, I just don't know any more, anyway, sorry to get long here but I would love to have that kind of money coming in.


All the best,
Rudy

Hey,

I was just wondering.. I had this same idea about my country's local market as I see there are plenty of business who are not internet or IT savvy and don't utilize the power of good marketing to their benefit. Problem is.. im not that experienced myself. How do you go about setting up a campaign? Are there some musts in all cases or are all cases specific needing a strategy of their own? I'm just thinking that one possible way is to develop a system/structure/plan how to create a marketing campaign and then find businesses that could benefit from that specific strategy and then offer your services to them. Any ideas?

I'm hoping you meant that what you're doing requires the above listed items and not just affiliate marketing or anything else to earn $400k net in one year.

Because if that were the case, then you would be incorrect. lol

I don't think the OP was talking net either, but either way, it can be done and has been done.

Its all a matter of finding something that works and has a lot of scalability (as someone above mentioned), then actually scaling it - which takes cashflow and some mental and intestinal fortitude.

I think you're right about the fact that people who do product launch after product launch make a lot of money. The problem is that 99,9999% of these launches we see (also WSO's) are totally crap. 'Fake it till you make it has become standard in IM. These people make their money by scamming people with products that don't work and the fact that they know they sell crap is making me sick.

I have no problem at all with making money. I love money but I would be ashamed to make it to the cost of other people like many 'Internet marketers' do.

Is that how you make $400K+ per year online?

Mikefashen,

$400,000 / year with that model -- Really?

Do you know how extremely challenging it'd be for someone with limited fiscal and non-fiscal resources like significant real world and online B2B / B2C sales experience to say consistently get at least 6,000 pre-qualified leads per month and consistently convert at least 25% of that traffic into sales with at least a $100 average order value less 60% of your gross for overheads like advertising costs, labor and so on?; and

Even if you play with the numbers, i.e. Sell products from $1,000 electronics to luxury houses in Malibu among other regions of the world, or mega yachts, jets and so on, for an X% commission -- Someone with limited fiscal and non-fiscal resources would have a very difficult time finding pre-qualified buyers and making them pay attention, more so talk their talk and successfully sell them these things, online or offline ...

Let me tell you something -- Do you know how many users call for support each day out of 500,000 users with $200 annual licences and 2,500,000 users with free version products for one software brand? An average of 150 calls per day. That's around 0.0050% call conversions, in which you have a chance to convert 25% of that into sales and upsales; and

Do you know how much work it takes to get 500,000 paid software users and 2,500,000 free software users? 8 years. Significant overheads during that 8-year period. Strategic partnerships with major software brands and hardware manufacturers ...

It's not as simple as getting traffic to a landing page, converting that traffic into subscribers, converting that traffic into sales, converting support traffic into upsales, renewing subscriptions and so on ...

Well, in theory -- Maybe ...

Allow me to quote my favorite IM'er.

"Dreams do come true. If only we wish hard enough." - Peter Pan

Cheers. - Frank

That's all fine and dandy, but it's all talk until the required action is taken for it to become a reality.

Yes. I've done it before, and have helped alot of people over the years achieve goals like that.

If I had to start all over again from scratch and wanted to hit that number in less than a year I'd focus on high ticket.

I'd either

a.) create my own high ticket course ( everyone has knowledge, wisdom, skills, and something of value that people will spend good money to learn)

b.) team up with someone to create a course or license one. ( Find an expert on a topic, you do the leg work, put together the product with them, take charge of the marketing and split the profits with them)

c.) Become an affilaite for an awesome high ticket product ( Find someone who is already selling a high ticket product.. $500 - $10k+. and see if they've got an affiliate program for it. Tons do. you can find high ticket webinars on Webinar-Swap, JvnotifyPro, youtube (search keyword +webinar, or contact a good jv broker)


Now that you've got the product.. the next is traffic.

And you got tons of options. You can do Fb ads, Jv / affiliate traffic (get people to promote it to their list) or even do some high level solo ads with a company like - Dedicated Emails | The most Powerful Force in email marketing

If you're making $1k in commission, to reach $400k/yr..
all you need is 400 sales /yr
33 sales /mo, or
roughly 1 sale a day

With Fb ads.. My webinar registration page has a 45% sign up rate, and with my follow up emails I get about 50-65% of people to show up for the webinar.

A good webinar can typically close anywhere from 15% - 35% conversion rate.

So all you need is roughly 100 people on that webinar a month. that's it.

And if you take home $2k/sale ? well, now all you need is HALF. (16 sales a month etc.)

and no, you don't need a big budget or any of that stuff.
Make your first sale or two, then with the profit.. buy more traffic.

I do not make 400K a year but I believe the only way to learn to do this is to find a person who owns a 400K a year business and be mentored or work for them. Your goal is to see a real 400K business, have someone expose or open it up to you and be transparent. You should be familiar with all the departments and moving parts(peices of the puzzle) of a successful business. You need evidence, fact not theory. How does one become a successful boxer? Does he dream and theorize on forums or does he find a top notch fighter who IS CURRENTLY ENJOYING SUCCESS? Is the answer found in a $97 course!!?? Are we able to list all the necessary parts/departments of a thriving business? Can this be Googled/YouTubed? Start with the Who(people/potential customers)(sell water to people in the desert or in the tropics?)If there are already people/businesses selling water to people dying of thirst what's different about my water?(USP/Hook/Unique Selling Proposition). Is it "Smart Water" Perhaps my water contains more oxygen.Or perhaps it is the same but delivered directly to your tent/front door(more readily accessible)Or maybe it comes from a well that you dig/instead of bottles and you charge a monthlnewslettersmonth physical IM(Insert Interest/Niche)newsletters?1st you need find if there's a need for your product or service.

I'm like the person that feels a well laid out plan is being asked for. I personally decided to get into IM about 15 years ago. I followed the "guru's" for about 10 of those years. The guru's are the only ones who made any money.

The only real "secret's" are understanding the keywords folks use when shopping for a product and what they want to know about the product itself. Quality pix are also a must.

That's about the only useful thing I learned from the guru's.

Another secret is,, it takes money to make money. It's not impossible to get a start on a shoestring,,, but the shoestring is going to have to be longer than $100.

My way will cost more along the lines of about $1500 minimum. And that's cutting it to the bone minimum because luck will be involved.

$2500 would be a tad more realistic.

Indeed, tangible products work best for me.

What kind of products should you look for to move? That depends. I myself am rather anal about making sure anything I put in the mail for a customer is exactly like I described it to them. I literally put my hands on it and eyeball it before I lick and stick a label to it. I therefore know enough about my products to be able to comment intelligently about them.

To be more open,, I'm a guy that isn't a stranger to knowing something about, cordless drills, impact wrenches and mechanics hand tools. I've used them and know what I want from them so it isn't a stretch to think others would be looking for the same things.

Tools aren't my only forte'. I move knives, computer parts, clothing, shoes and other things as well.

If you're looking for that magic bullet that people are going to break your doors down to get,,, stop looking for it. You can spend the rest of your life looking for it or you can sell the same things others sell, only you sell them just as well if not a little better.

Starting with a limited inventory is a must with a limited budget, but don't keep it limited. Expand into other area's you have knowledge in when you can.

I've done my research and know what everything in my inventory will sell for new or used.

Now where do I get these items to sell? Garage sales if you're on the cheap is ok if you're in the right area,,, which I'm not. I found close out/overstocks warehouses a reasonable distance from me.

A link to get a start from would be wholesalecentral dot com.

I can drive to them and look at the pallets, see the manifest for a particular pallet and load that pallet on my truck on the spot.

Yes,some will sell a single pallet to you that has up to about a 700% return on it.. But you have to do the work of finding that pallet because no 2 pallets are indentical. It's a treasure hunt and not a ten minute ordeal. Plan on spending 2 - 3 hours.

I do NOT do Amazons deal of sending them my pallet. I've already read to many horror stories of letting them do the work to save me a couple of bucks. I'll spend the few extra bucks and keep my happy customers thank you very much.

Along with Amazon there of course is Ebay and a few other sites already made up you can sell trough and you don't have to learn to be a webmaster to keep going.

Don't overlook Craigslist either.

Trust me, after awhile you'll be busy enough to not want to fool with being a webmaster as well.

Last but not least,,, incorporate before you buy anything and make sure you have a decent book keeper. Book keepers can be worth their weight in gold on keeping your money in your pocket.

There is the total sum of what I've learned in about 15 years and indeed it's entirely possible to end up making 40 grand a month,,,, clear profit.

Luck to you.

I can make a perfect plan to only Count that amount. no matter in whatever currency you change the dollars. If you're asking for earning that amount, let me be in my limits, Don't ask an ant to wear an elephant underwear

Brainwash yourself into believing that leaves are $100 bills
then collect 40 of them from my back yard every year

Have you seen anyone doing that?

I reckon you would have to do product launch after product launch, and webinars to get the

sales. You can also use the webinars to build your massive list, that you will need to sell to

afterwards and into the future.

Here's how I DID generate $400,000 in a year (it was NOT my first year):

I created a product that was worth $10,000.

That was the difference.

You are NOT going to make $400,000 a year (in profit) with seven dollar products.

You CAN make 40 sales of a $10,000 product in 12 months quite easily once you have the system set in place.

What system?

A self liquidating lead generation funnel.

How you build that funnel, the specifics, are not nearly as important as your ability to generate leads at breakeven or better prices.

You don't even have to be that good at selling to sell 40 $10,000 products if you are able to generate leads at zero dollars per lead.

Without turning this into a full-blown information product in and of itself, obtaining leads at zero dollars per lead does NOT mean that you are using free methods.

I didn't.

I used Facebook and twitter paid ads to sell low ticket items (at seven dollars a pop). These were entirely seven dollar e-books in my niche.

I was willing to pay up to seven dollars worth of traffic to generate ONE sale of the e-books. Why?

Because, I wanted people on my email list who had given me money. Buyers.

I still run those same ads, and I'm still generating buyers even as I type this out. It's a constant flow of people into my self liquidating marketing funnel.

If you can accomplish this, eventually you'll have enough people on your email list to be able to pitch $10,000 products/services/whatever.

Truth be told, you don't even have to sell 40 $10,000 programs.

I also had $297 programs that I sold throughout the year as well. That means, that after that initial seven dollars sale at breakeven prices, I was 100% profit selling $297 programs to my email list. Some people will buy the $297 program, and others will buy the $10,000 program.

There are certainly ways and methods that you can use to increase the likelihood that someone will pay you seven dollars and then turn into a $10,000 sale. We typically call this the Ascension process, but is not nearly as important as being able to generate leads for free. Buyer leads.

It's not as important because sales is always a numbers game. You get enough people on a buyers list eventually SOMEONE is going to buy what you are selling. That isn't true of freebie lists though. Keep that in mind.

Anyways, the point is that for me the big step forward, the way I was able to generate that kind of profit, happened only when I was able to create a product worth more than the measly seven dollar e-book. This year, I'll also be adding services worth several thousand dollars to my business. I expect to see similar results, and I also expect to move forward offering more and more big-ticket items. That's where the money is.

They knock it, but they do much more than $400K per year lol

I can tell you defenitly make $400k from this.

Microniches are just that, micro. They don't bring in a ton of profit, but just easier profit.

Hi, I am sorry to post this back to you, but I have bought traffic before and all I got was Robot they said it was really humans but it was just Robot so I don't buy that deal any more, it's a shame you can't get real human traffic. If a company or anyone could send real human traffic to a site, those people would make a lot of money, but I don't think it's real just a scam.

All the best,

Rudy

or you could spend 2 days finding someone who is already an expert and team up with them and call it a day? or simply find someone who already has a great product and license it.

don't work so hard. work smart.

Words of wisdom in the first sentence, yet all the people who never did it are sharing how they would do it.

They should start by sharing how they make whatever level it is they have been able to reach - if they feel the need to share anything at all. Otherwise it's just talk and can't be backed up with hard data.

You would be surprised how many people that earn that much in more either hang out, participate, or lurk in here.

It's more than you think

And I got mailed this because...there was going to be some good info in this thread....HAH! as if

Let us be realistic, first evaluate where you are now. If you are making 17,000.00 a year now, forget jumping up to 400K next year it will never happen.

How about first setting a goal that is actually realistically possible. Start by setting a goal to double your income, and for some that would be a stretch. But no matter where you are now I think doubling your income is a feasible & achievable goal, no matter where you are.

Then comes the all important WHY, WHY do you want to double your income, or WHY do you need 400K/YR. Surely it is the WHY that will fuel you to reach your goal. Without good reason, you will never be able to motivate yourself to even get there. Saying that you just want to have twice the income or 400K/YR just isn't going to get you there.

There is no easy way to make 400K a year, or everyone would be doing it. I know several people making 1 Million a year and they didn't just jump up there it took years of hard work to finally get there!

As for me I don't need 400K a year and I don't even want 400K a year, for several reasons. Money doesn't solve all your problems, what it does is create several new problems. I have made more than 100K a year a few times, and it takes time, effort, and hard work! But the biggest thing it takes is TIME, which is something we all have the same amount of. And with limited time I am not willing to spend all my time working. I prefer to spend lots of my time doing what I want to do, which is not working all the time! Life does come down to spending your time how you want to spend it. And trading ALL your time for dollars is no way to live!

Set small goals that you can reach and double your income every year, but it is hard work, there is no easy way!

Do me a favor? Come back next year and let us know how your desire worked out for you.

Cheers. - Frank

This ended up being longer than I thought...

I don't know, but it does seem simple, it's just a matter of doing it, isn't it? I'm just as guilty, as I'm here posting and not working, in other words, I don't want it bad enough. I'm in a comfy place right now and it's hard to break out. But, I'm making baby steps, working on an idea, well, not right at this moment, which goes back to the 2nd sentence...

As far as saying, "It's impossible", that statement in itself makes no sense to me. I think if we were all to sit down and work 8-12 hours a day, I mean really work 8-12 hours, you would almost have to succeed... And, again, I mean WORK! Not sit at home and read and post on forums, but look for ways to get traffic for your website, check the market, create the product... etc. Stop and think about it, how did you find your way here, or to one of those many e-mail newsletters sitting in your inbox promoting great wealth??? It's not a mystery.

I come from a construction background, and I've seen the carpenter framing homes decide to work for themself and build homes as the GC. They went from $50k/yr to $500k/yr, within a year, so I know it's possible.

But, this is about an online living. So, I would say create a product (over the top product) and then contact some of the heavy hitters and use their lists to promote the product. But, you can't show up with a $100 dollar e-book, you need to go big or go home. I have not tested these water, but, I think, a $1,000 program would be the minimum entrance fee, or as the marketers would have it $997.

I once read, if I remember right, Donald Trump said investors don't care about a small investment, they want to see the multi-million dollar projects. A small investment is not even worth their time to get out of bed for, I would think this also true for the big IM'ers. Why would they spend the time and effort to promote a product that will pay them $50 in commissions???

Or, you could go the simple route and try figuring out a list source that no one thought of before. As I sit here and write this, pet stores popped into my head. Then, my mind remembered reading something about dog and cat owners being borderline crazy about their animals. So, I think to myself, what if I go to the local pet store to see if they have an email list of customers??? If they do, you could offer a newsletter and then promote product/service/information and for each sale you split the profit with the owner... use your imagination for the ideas... Also read golfers are actually nuts, any driving ranges by your home???

Ah, but you say, what if the pet store does not have a list? Then, you offer to collect email from the customers for the owner, and in exchange, you will send out the newsletter on their behalf in order to use the list as above.

Eh, maybe I have no idea what I'm talking about, but I'm going to chug away with my other idea and see what happens, I'll start on it tomorrow... lol

With one of my systems I was able to get up to 100K+ per month within 4 months.

1st month: $15,000
2nd month: $35,000
3rd month: $90,000
4th month and on: $100,000+

I will share this system with anyone for only $2997. But only for a limited time

I would leverage a good online business model to begin . I don't believe in being a solo entrepreneur.

However you need to be brave because you have to send quality traffic to a high converting offer and that would requires skills and money and lots of FAITH.

I think the biggest problem people have is focus. First, become an expert at one way of marketing. Define your niche and good for it. This changed the world for me!

That really happens alot in MLM....many can make some major bank but then they jump ship.

Excellent post worth gold. Thanks

Do you think its harder to sell a $2000 item to a person that makes 1 million a year compared to a $40 item to someone who makes $20,000 a year?

This is a public forum you know.

I assume the war room only contains dedicated users.

They all moved on to bigger and better things. This forum is clearly only for newbies. The products that are released here daily are 99% garbage rehashed BS.

I would also add "Don't quit your day job right away" to my previous answer. In fact, dont put ANY of the business income in your own pocket just yet.

I see this way too often... as soon as people feel like they have a stable IM income, they quit the day job to focus on IM full time, but there's a huge problem with that: you just took a huge chunk of your working capital off the table.

That's why so many people get "stuck" between that $5k and $10k mark, because you just took thousands of dollars that could have been used for marketing out of the equation so you can pay your bills. In spite of how much TIME you now have, you don't have enough money to grow.

What I would teach my ecommerce clients was to plan on not putting one cent into their own pockets for an entire year. Take 100% of what the business makes and roll it back into marketing, because you need to build an audience as you grow your revenue. Audience size is more important than revenue per sale, because it's a million times easier (and free) to sell a second product to an existing customer than it is to find a new customer.

Whatever your bills are... $3k, $5k, $8k, pick a number, that's that much cash that you're taking out of the business that could be have been spent on growing it.

From my own point of view, making $400000 in a year is an impossibility. Infact it's a task that can not be easily achieved except with some form of malpractices.

create an online shop (magento, opencart etc.) via odesk elance if you need help. very easy to do. or use amazon etc. it depends on what the product is. affiliate marketing is another good way. clickbank, cj.com and so on but i'm not good at those things yet.

There is a marketer a warrior who started right here with WSO.

Began focusing on Webinars....began coaching how to profit from webinars..starting doing so well brought family and friends into his business...last year $2 million.

Thank you. I will keep that in mind. Sounds pretty easy to get to that 400K online.
Why didn't those Warrior Members tell me this when I asked it 7 years ago


- Robert Andrew