Why you should aim for $100 an hour from your IM.

Thanks max5ty, I agree with this:

I think to get to the $100 an hour mark you need to put in your time and get experience so you know what you're talking about.

What we see here EVERYDAY is the newbie asking how can I make money with IM? (be it eCom, affiliate, info, freelancing a talent, service or ability) And I'm not going to ask it again...even I get tired of me...the idea that making money is an EXCHANGE of value...or what did you bring with you to the table? What can you give to GET?

Now my boring old mantra is; Assess, Plan, Execute, Adjust, Evaluate, Continue.

Not much of a good acronym; APE AEC

And for decades, literally, decades...I see very little to none ASSESSMENT taking place, most Warriors just won't even take the time to find out what skills, knowledge or talents they may already have. MOST just want a spoon fed answer of how do I make MY money?

As part of the Plan, after getting a handle on where one is, and what they have to work with...then a Plan Of Action can be formulated, but what is the goal? A plan without a purpose is a poor plan to begin with, albeit, we see it here every hour of every day.

Every single person who comes here has a current dollar (or whatever currency) amount they are either making, or need to make to cover their basic living expenses. I think a hut on a hill in a Philippine Island may go for less than even the reasonable 800 a month in that area.

As a goal, 100 dollars an hour in USA is upper 5%, and means a lot of financial freedom, being 200 thousand dollars a year, is this not a worthy goal for most Warriors? I think so.

But like you say, it has to be earned, first by making 10 bux an hour, or even 1. A simple transaction of just a few dollars, repeated and/or made by numbers...can produce that 100 dollar an hour figure.

But to goals. Why do we see so few FINANCIAL goals, or the intent of the journey? I think that if those first two steps are taken (assess, plan) then the whole what do I need to do, I'm so lost idea falls aside and Warriors can start making progress.

Also, one thing of note, is when some get to a six figure a year income and have disposable income, they do the dumbest thing, they dispose of it; new cars, furniture, clothes, vacations, treating the family and themselves because they worked so hard for it...and yet the cautionary tale is, the next year they are broke, back down the mountain starting all over. Your investments, a form of leverage, to get your money to do the work, is an even better goal, once one has some disposable income they do not dispose of.

So, my next question for Warriors is, how would you get to that 100 an hour? What would the transactional process look like? One sale an hour at 100? 1000 sales at 3.35?

What is the math needed to figure out what one has to do to reach whatever goal they have in mind, if any?

My gut feeling is, the Warrior Forum has run its course. It may survive, and sell enough ads and WSO to keep it afloat, but as far as a place to actually learn how to do IM? Well, all the info one needs is already here. May be some new innovations coming our way, but those are best found out at those sites which keep up with that.

And I doubt a very significant % of Warriors ever get close to that 100 an hour, but they might want to have at least some goal...no?

GordonJ

As USA is a land of opportunities and motivation for the rest of the world, you can do it!.
I am from Pakistan, people here making 200 USD per month are considered happy.

I don't know about "deserve", probably just a semantics difference, but I agree with your idea of building an asset and an INVESTMENT as well, so thanks.

In all marketing we hear of PROBLEMS being one of the main points, as in, what problem does your product solve for your customer? And that is certainly ONE way to see things.

When using money as a goal, a target to get to, another good thought is to have it as a BY-PRODUCT for your service to others.

Whether or not you solve a problem for them, or just make their life better in some way, shape or form, if you start from a concept of GIVING, or making an exchange of value.

Now, HOW do I get to that 100 dollar an hour figure? (or 1000 an hour if that is your goal)...another way to create a path to get there is by building it backwards from the goal.

What does 100 dollars an hour look like? Maybe one sale an hour. Maybe 10 sales of ten dollars, maybe one 800 dollar sale a day, or even one 4,000 dollar sale a week.

By using DOLLARS as goals, it helps you think clearly about what the transactions need to look like, how many, and how often.

It helps you define your Avatar (Ideal Customer) and pinpoint their location and how you might best interact with them. All these things can be done on paper before one needs to actually begin.

One of the more respected old Warriors, Paul Myers, had an assessment, or starting point guide, I just checked, it is still available at talkbiz dot com/goals/Worksheets.pdf and would make a nice starting point if you are lost, or clueless.

Take a few to discover what you already have, know, and can use, and then you can begin to build a machine which will perform the tasks in the manner you teach it to do.

And if 100 dollars an hour seems way out of your reach, then shoot for 100 a day, or even half that to get started and adjust your activity as you learn.

But if you start from a well thought out plan of action, after making inventory assessments of what you have already in place, you can take the fastlane to success and begin to build your assets as you invest your time and energy in doing it.

GordonJ

DABK, in high school, I excelled at Dummies Math, after pert near failing Algebra and Geometry...so they halted any advanced math studies for me and sent me to BUSINESS MATH, which at the time was considered remedial.

I found I could add and subtract, and with a new fangled calculator, divide and multiply too.

I suspect your findings to be right on, most will find the 100 an hour (US citizens) to be a bit short of their hopeful retirement goals. And if inflation continues, maybe far short for the younger folk.

As context, it was used as a line in the sand, a marker. A goal. There are several Warriors who would worry if they only made 100 an hour, something would be terribly wrong in their business.

Thanks for the article, I found it very interesting. I clipped this from the article:

They theorized that the plateau occurs because satisfying basic needs is challenging at lower income levels, and those daily challenges negatively impact happiness. Lack of money is associated with stress, poorer health, less leisure time, and greater emotional pain. But once people make enough to move beyond meeting their basic needs and can afford things like a house and a car, take vacations, and gain financial security through savings, making more money doesn't move the happiness needle.

We've witnessed this here at WF, some Warriors soared to 100k, and they were giddy, why not be? But some were unable to sustain this, and fell rapidly below that, and I can assume with the article in mind, so did their happiness level.

Using money as a goal is, I believe, a good way to organize one's IM activity, sort of like a golf score card, you know where you stand after each hole, while in pursuit of target score.

Thanks for the link, I have gone down the rabbit holes of all the studies they have linked to, to see whether or not I am really happy (Ha!).

We see daily that new Warriors want to make money. We seldom see why they want it? And even less than reasons why, we seldom see what they have to offer to receive it.

After doing all your calculations, I'm headed to Walmart to see if they have any greeter positions available.

GordonJ

100 an hour. A goal. Income. Money.

See, by thinking "but to CHARGE $100 per hour" puts a way and means on it. I didn't say that.

The 100 could be 20 sales of 5 dollar cheet sheets, and have nothing to do with TIME, especially labor.

Charging a per hour rate for services NEVER gets most people above survival and it is a constant job of finding new clients to serve. NO, that is a lot of slop and mess.

It is better to set up a business where one does not charge a per hour rate, but rather has a model that makes offers which many people will pay for and then use leverage to do it.

This hourly rate thinking is a problem in my opinion, and just a backwards way to set up a business, when today, there are so many easier choices available.

GordonJ

You need to know something.
You do not, necessarily, need to study it for years.

Disassociate $100/hour from your effort.

No, it requires effort, but it does not to involve you or your time.

Think systems. You spend time and effort to set up systems, not so much to run them.

Example:
One way of getting mortgage broker leads is to network, meet with ton of people.

Another way is to pay for ads that get people to call you.

Another way is to buy ads that send people to your site or Facebook or LinkedIn page, which is the wide part of your funnel. At some pont, without additional effort or time from you, some call or email you. But ready to apply. So, to get one all the way to a closing, so you get paid, you have to speak to 4 or 5 not to 25 or 30.

You could do the above, and the person they call is not you, but a closer. You only talk to the ones that are buying.

You can take the above and add loan originators who work for you. You get a lot less per sale (you have higher costs), but you could do it with a lot less work and time or the same amount of time and effort but your outfit closes a lot more loans than you could ever do alone.

You can go from having 4 or 5 sales a month, making 20k after expenses to your outfit having 200 sales (closings a month,) with you making 120k a month.

Yes, it is for many. And what we find here at Warrior is many continue to DREAM, because they never lay the foundation for financial freedom. If building a house can be used as a metaphor, a lot has to be cleared, a PLAN and blueprint created, and either help or TIME.

I have a neighbor who took 4 years to build his dream house, in this very established neighborhood, one of the oldest in the city. It took 4 years because he did almost everything himself.

Having the money to hire help, permits allowing, it would have been a 90 day project.

Beautiful house. Great result. And we see similar results in IM, if you have to do everything yourself because you can't afford to hire help, you must PLAN ON spending time to execute your blueprint, if you even bothered to have one.

With funds, it Can BE expedited, but may not be because we chose the goof ball guru to follow, rather than find tested and proven blueprints which fit our needs.

And it is a good goal, for many Warriors, maybe it would mean financial freedom, but for a few here right now, it would mean they are either retired, on vacation, or have let their businesses grow weeds. It is just a number.

We all get to choose what that number is, and if it is a BIG dream for anyone, they should lower it into achievable increments, and that also begins with a good PLAN OF ACTION to take one to their goal.

GordonJ

P.S. As a NOT musician, the closest I get to hitting a C-note is taking out my wallet and punching Ben Franklin in the nose. So...if I had any music talents, I'd be the Norman Greenbaum of the WF, a one hit wonder, who sings the same ol song year after year...

Assessment.
Planning.
Execution.
Adjustment.
Rinse and Repeat.

The second one has been lost to me in the translation. So, I'll use it as a means to make a general statement about new Warriors in general, and many Warriors overall.

Everyday, we get new people and the one thing they do NOT do is, come with good questions...and it could be because they don't know what to ask, so they come here with what is the BEST or What is the FASTEST, or What is the EASIEST...those type of questions which are for the most part, totally useless.

I think most older Warriors would agree it isn't a very well run site from users perspective, we can only assume it makes money from a corporate angle...and that is what they should care about.

But it is poorly organized and arranged, and so much of the help and wisdom of the ages, including the early years of some very big time IM gurus included...is hard to find, and in truth, not much effort on the noobies part to find it...so, we have to address the same questions, week, month and year after year.

IF anyone new to the WF really wants to expedite their success, you must learn how to ask the right kind of questions. But at the same time, be prepared to answer some too.

Yes, we know you come here to learn HOW TO MAKE MONEY WITH IM, that is the basic premise of the forums, and yes, you will find some useful, practical and applicable information here, if you look for it.

See, 95% come WANTING, asking what and how they can GET. And for at least two decades, some of us have asked, WHAT DO YOU BRING WITH YOU?

What do you have to offer to the marketplace in general? And if the answer is NOTHING, then you have a lot of work ahead of you. But even then there are shortcuts to learning, if you can make a suitable choice based on your wants and needs, and not just trying to get rich quick.

So, learn HOW to ask the right kinds of questions. For example, in this thread I give an arbitrary number, $100 an hour, but it could be any number you want...this roughly translates in USA to around a pre tax of $200,000.00 which puts an American citizen in the upper 5% of income earners. That is still a very long way from millionaire, or even BILLIONAIRE as so many new Warriors apparently dream about.

But it can be financial freedom. Or it could be prison of daily grind activity that eats your lunch and drains your soul.

How can I make 100 an hour? REPLY: What do you currently have to offer?

And we go from there. The value you find here is going to be in direct proportion the questions you ask, and if you learn to ask good questions, you will find it is, indeed, a shortcut to achieving your goals. Any questions??

GordonJ

The takeaway, hopefully, to new Warriors, or even ones who struggle is or should be:
So, my suggestion would be a monthly goal.

A minute, hour, day, month or year...a buck, or 500,000...are maybe not as important as the GOAL, which should provide the motivation to start, continue and keep at it until it is achieved. g

The fight I make is often against the pros like you, who are master persuaders and influencers via copywriting. Not against you or any given person, but against the use of hype, hyperbole, and influence...getting a prospect to quick, easy, and BUY.

It is like my battle I once waged against golf club makers, who sold clubs to people who just wanted to BUY their success, and not work for it.

Maybe an athlete, especially baseball infielders, come to the game of golf with transferrable skills, but they too can NOT quickly and easily master the game.

Likewise, with IM, as you state: they might spend 20 hours a day working on something. Then, after they get established and have everything set up maybe only spend a couple of hours a day on their thing.

They might. But most don't. And why should they when at every turn they encounter IM Guru ads which tell them how easy it all is. All they have to do is buy the funnel cakes, or the cotton candy, and consume their products and then, I reckon, they poop out gold??

Anything, for most of us, the 98% of the ungifted, untalented, and often unimaginative have to put the TIME in...to master the basics; be they in golf with grip, stance, swing and mental attitude or with IM with Prospect, Product, Intersection, Transaction.

The GOAL is everything.

And it is nothing without a clear idea of what it is, and an executed and adjusted plan of action to bring it to reality.

What it is for me, is an answer to the question, what do you want and why? When a new Warrior can answer THOSE simple, BASIC questions, it builds a platform to stand on to be able to create GOALS, and the numbers; dollars, hours, days, whatever...have a time schedule directly related to the goal.

Just as one can't instantly jump to 100 an hour via spend (buying systems, software), they can't get to 500,000 a month without first building the foundation for that to happen.

Now, I'm just treading water here, with this thread, it really doesn't matter what you and I think, although it would behoove a newbie to do so (and the opinion of other Warriors too, albeit, not the goofballs)...

What should be important to any new Warrior is THEIR GOAL, and once that is made clear, the ways and means to reach it...their answer, is probably buried beneath the thousands of forum posts buried deep in the WF history. Ah, but excavation sounds like work doesn't it, better to just ask

What is the best, fastest, easiest way for me to make a lot of money without doing anything?

After all, isn't that the most popular of all WF newbie questions?

GordonJ

Do you really think would work? This is just like building your own newsletter but on another platform. Other than getting a cross promotion or referral benefit, are there other considerations.