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Difference Between Making 2k and 200k / Month?

by celente
25 replies
Hey guys

Over the last few day I keep asking myself this question...

Lets say there are 2 marketing blokes online, they each sell a product.

Guy Number 1 is making 2k per month.

Guy number 2 is making 200k per month.

Why is the first guy not making more?

What things or strategies does guy number 1 have to do to get to the 200k per month level?

Now I am not talking about selling the big high end products like houses, real estate I am just talking about digital stuff or selling information. Just like most of the warriors here do!.

We SELL INFORMATION!

Obviously I have learnt that if you can make $1.00 online from thin air, then there is nothing stopping you from making $2.00

So if you can make 2k p/month online what is stopping you from making 200k p/month?

I do pretty well online, but I am not making 200k per month online, but obviously the theory would say the guy making more is just doing more of the SAME, and maybe using more leverage?

From my own experience, Maybe the answer is simple? More products? More backend? More newsletters? Go all out on PPC, get more affiliates on your list once they sign up to your site.

2011 is coming up and just thinking strategies on how we can all make more money for the new year?

Lets hear your ideas / Input?

Celente
#200k #difference #making #month
  • Profile picture of the author tuanng
    networking big IM'ers advertise each other's products with their massive list
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    • Profile picture of the author JasonWestwick
      Experience, knowledge on how to scale, money to throw into advertising campaigns, contacts to JV with..... there are many reasons why someone will make more than someone else.

      Back when I first started out i was so pleased to earn $20 a month, I now make infinitely more than that and that's because i've developed as a marketer. Just because i was making money consistently at $20 a month doesn't automatically mean I knew all the steps and processes to scale that up to what I'm earning now.
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  • Profile picture of the author celente
    Yes good point tuanng...

    As I pointed out above leverage is the key and has helped me out too.

    I am positive it is the The Secret to increasing your profitability quickly especially if you have just entered a competitive market. Many people think you cannot get your foot in the door because there is too much competition. But why not use that to your advantage?

    Think of why big companies on the stock exchange merge, to leverage off the power of the other individual company that has been built up for sometime decades. So this is a great strategy to use as information sellers too.
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  • Profile picture of the author Willie Crawford
    I don't personally know anybody making $200k per
    month selling the stuff that you described.

    I do know people making over $100k per month though,
    so I know the answer at the same time. That answer
    is that you need leverage.

    You can only do so much yourself, so you need to
    profit from other people's time, effort and other
    resources. For many here, that would translate into
    your own affiliate program. However, you'll probably
    still find it a challenge to consistently generate that
    level of income (if you're average).

    I can point you to how to make a killing online right
    now, but I don't think that you would want it posted
    here for all of your competitors to also tap into

    Willie
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    • Profile picture of the author celente
      Originally Posted by Willie Crawford View Post

      I don't personally know anybody making $200k per
      month selling the stuff that you described.

      I do know people making over $100k per month though,
      so I know the answer at the same time. That answer
      is that you need leverage.

      You can only do so much yourself, so you need to
      profit from other people's time, effort and other
      resources. For many here, that would translate into
      your own affiliate program. However, you'll probably
      still find it a challenge to consistently generate that
      level of income (if you're average).

      I can point you to how to make a killing online right
      now, but I don't think that you would want it posted
      here for all of your competitors to also tap into

      Willie
      Hey willie,

      Its great to see you back and contributing to this great little community!!

      I remember asking Mike Filsaime at a seminar once (he was nervous and shaking as I approached as I am solid 6ft 4 bloke...LOL) I asked him what would you do to make more money, and he shared a good tip..... just keep adding affiliates and teach them how to sell my products as good as I do, maybe even better. So I know what you mean.

      Willie, feel free to post your SECRETS on how to make a killing online.... as my partner has a very annoying expensive shoe habit. Why didnt I marry a hobbit....LOL
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      • Profile picture of the author scottk1216
        Originally Posted by celente View Post

        Willie, feel free to post your SECRETS on how to make a killing online.... as my partner has a very annoying expensive shoe habit. Why didnt I marry a hobbit....LOL
        Sounds like it is time to teach her how to operate her own niche sites to pay for that habit. Might I suggest you investigate the shoe market lots of choice niches in their

        As for the original question it looks like the difference between 2k and 200k it just a little double nothing (pun intended).
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  • Profile picture of the author imkevintan
    Leverage, for one.

    Secondly, there clearly has to be a difference between what the two people are doing, because of the massive disparity in their earnings. If I had to put my finger down on something, I'd say that the guy making 200 grand a month is probably going in for more innovative and out-of-box methods as compared to the 2k guy.

    I am, of course, just speculating.
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  • Profile picture of the author profitsforall
    Perhaps guy number2 is doing stuff that guy number 1 isn't .

    Guy number 2 is could be apturing email addresses, building a relationship and selling multiple products over time.
    Or Upselling them on a number of higher end products at the point of the initial sale.
    Or both.

    While guy number 1 makes a sale, and is happy with that - but thinks success is just finding the next customer.

    Alternatively guy number 2 is selling a product in a better researched niche with more rabid buyers.

    Alternatively guy number 2 could be a money laundering front for organised crime.

    Who know for sure
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    • Profile picture of the author vok
      Cash flow, if you have access to large sums of capital it's pretty easy to get up to $200k a month, I know people doing $1m+ a month online (I'm not going to name, names.) most of these guys though never even heard of IM forums they remain pretty private and they learned all their stuff from the pros like they worked for some PPC Management / SEO management company in their early years. Where they were trained over the years to manage PPC campaigns that could range into the millions of dollars a year, once you've learned how to make money with someone elses money it's very easy to do it with your own.

      There's companies like MandMDirect.com that turnover £10m a month, but I don't think the owners have any reason to be apart of a forum, there busy people for one and like to remain private for another, not the type of guys that go around telling you how much their making.

      Maybe you should ask Mark Zuckerburg how many forums he's a member of.
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      • Profile picture of the author BlogTyrant
        Originally Posted by chriswick View Post

        Maybe you should ask Mark Zuckerburg how many forums he's a member of.
        That could be a bit misleading I think. In the early days when Mark was starting out he would have spent a lot of time on forums, blogs, chatting to other coders, etc.

        You can't start at the top IMHO.
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        • Profile picture of the author THK
          Originally Posted by BlogTyrant View Post

          ... In the early days when Mark was starting out he would have spent a lot of time on forums, blogs, chatting to other coders, etc.

          You can't start at the top IMHO.
          While theoretically it is possible that he spent time reading make money online or other type of forums, that is very unlikely.

          If you dig a little deeper you will see that guy had a strong background in programming, which is half of the battle for his business. And the marketing part was mainly press, word of mouth or so it seems.

          If we believe his story, Facebook didn't start the journey with a business plan. People like us who frequent these type of forums and actively seeking to run a mega hit business are really hung up on plan and procedures. We tend to follow others to a T and kill our own instincts. Perhaps even overlook simple things that could easily make us a fortune. Maybe that is the difference between us and guys like Mark Zuckerburg.

          I know I went off topic a bit but yes, my point was that Mark Zuckerburg does not seem like a forum kind of guy.

          Tanvir
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  • Profile picture of the author garyk1968
    I would say its down to the niche. Sure making money and weight loss are ultra competitive but also have by the far the biggest markets. Why do you think *all* the stuff the IM guru's sell boils down to, and is sold on the promise of, making lots of cash.
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  • Profile picture of the author Andy Fletcher
    Leverage, plain and simple.

    My top 4 things you can leverage -

    - Money
    - People
    - Software
    - Permission assets

    "The definition of madness is doing the same thing you did yesterday and expecting a different result today. If you do what you've always done, you'll get what you've always got."

    Do something today that builds on what you did yesterday.
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  • Profile picture of the author badboy_Nick
    Originally Posted by celente View Post

    Guy Number 1 is making 2k per month.

    Guy number 2 is making 200k per month.

    Why is the first guy not making more?
    Because he doesnt scale it.

    Guy #2 spends MUCH more money on advertising than #1.

    Nick
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  • Profile picture of the author Daryl Lim
    All about traffic and network. If you have a lousy product converting at only 1%, but if you had 100000 visitors per day, you could easily be a millionaire within a year...
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  • Profile picture of the author just do it
    They probably have a variety of income streams and leverage each one.
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  • Profile picture of the author Mike Hill
    This can all be summed up in one word... Yes, just one single word and if employed can make you thousands of times more per month. but there is a condition of this one word... You cannot simply employ it without believing it. You not only have to just believe it but you have to become it, it has to pour out of your soul.

    That one word I am talking about is....

    CONFIDENCE.
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  • Profile picture of the author BlogTyrant
    1. Email list
    2. Reinvesting earnings into marketing
    3. Expanding in to new niches
    4. Upsells
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  • Profile picture of the author dndoseller
    I think it all comes down to having a product(s) with market(s) large enough to support the amount you want. Then you need a cheaper way to get the traffic than is the amount you profit. Its finding that sweet spot.
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  • Profile picture of the author tpw
    100x the traffic...

    100x better conversion...

    100x the price...

    100x more productive...

    100x more efficient...

    100x the reach...

    LOL

    Or 10x any two in combination
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  • Profile picture of the author paulie888
    I've seen in many cases with product owners that they tend to keep slipping into the premise of "build it and they will come."

    Of course, marketing is what makes the difference between whether you sell 10 copies of your ebook or 100,000 of them. There aren't any major issues with product delivery since we are dealing with digital products, so I'd say that in the majority of cases marketing is what differentiates the person who makes $2000 and the other who makes $200,000.

    There could be very little actual difference in quality between the two products, and it's ultimately marketing that is the deciding factor (of course this includes the sales copy, advertising, affiliate system (if any), positioning of the product in the marketplace, etc.)

    Paul
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  • Profile picture of the author J Bold
    Let's see, I think I know.

    The difference between $2000 and $200,000 is $198,000, right?

    Yes!
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  • Profile picture of the author Anonymous Affiliate
    In my experience, there comes a point that you need to implement TWO main elements into your sales funnels if you want to make it big in this game:

    1) Back-end structure: upsells, cross-sells, add-ons, etc
    2) Networking and JV for a major traffic boost.
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  • Profile picture of the author socialbookmark
    IMO the difference between making 2K and 200K for the person who has not earned more than 2K yet, is very high. We can say if a person earns 100K, can earns 200K too. Because this difference is not too high and maybe more attempt, doing the same things more times and like these works, reach him to 200K per month. But for the person who earns 2K, doing the same things without any new idea, can't make more than 10K for him. Do you get what i am going to say?
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  • Profile picture of the author Chris Munch
    Being able to scale is a big part of it, so automating and outsourcing more areas of your business so you can produce more results.

    Also they usually have specialist knowledge and are putting it into action as well as a solid network of contacts which help them in various ways in the business.

    They are also probably a lot more productive with their own time, and also apply themselves in a more efficient way, such as focusing on one project, using the pereto 80/20 principle and so on.

    The list goes on really.
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