$172,000 in one year. How I did it.
Hey folks,
I’m just finalizing a sale of one of my projects that has not only made the bulk of my revenues in 2007, but has also just netted me a decent amount of coin in selling it. Hopefully it will earn me even more in the next 12 months.
While I’m not going to go into great detail here (legal reasons) I can tell you that the site is a gaming related site, and provides gambling services (outside the USA of course).
Anybody can make this kind of money, but guess what people, you HAVE TO WORK FOR IT! My success never came overnight. It came after 6 months of research in the market, 6 months of cold calling affiliates, 6 months of creating ideas - realising they were rubbish and creating more ideas, and that was just THIS PROJECT - never mind the years of prior experience!!
Finally it all comes into place. If it doesn’t come into place then just move on, go back to your day job (or don’t leave it), internet marketing isnt for everyone.
If I could be as bold as to instill a few messages in my post, the values that I feel benefit an internet marketer MOST are:
1) be persistent. If something doesn’t work for you first time, refine your idea and try again.
2) be original. How many ebook sites are there out their? Millions, thats how many. What makes yours special? if you cant answer that then your not doing it right!
3) invest in your ideas. This can be done in a few ways, if you have the money to outsource dont be afraid to use it, if you don’t, invest in LEARNING the skills you need. When I started out ifI needed something done in photoshop, I learnt photoshop. If I needed some PHP coding, I learnt PHP. Just deal with it!
4) NEVER, EVER GIVE UP - unless you ignored points 1,2 & 3 above. If you did ignore them, well, feel free to ignore point 4 as well. You would be best off just going back to whatever it was you did before.
One other tip that I have is to invest in the future. The last 3 major projects I built, I have sold on, but kept a fraction of the company. At first this seemed insane as I literally took $30,000 less than I needed to on the first one, but that $30k has been paid back to me in the last 3 years, and guess what, I will still earn out of it in 2008. This new project that Im just selling up now, well - I’m keeping 20% of it and the new buyers have the ability to market it way beyond my budget, so hopefully that 20% will be worth another $50k next Christmas.
Anyway, the moral of the story I guess is to never give in. If I have managed it I’m sure you can too!
Onwards and upwards with the NEXT project!