How I Built A Six Figure Internet Income
You probably have never heard my name. You likely have never visited any of my websites or blogs. I don’t sell anything. I’ve never paid for advertising. I am not an A-List blogger and my website would still be considered quite small within its category. In all likelihood, you are a better writer than I am. You definitely know more about computers than I do. And despite all this, I take home a six figure income from the Internet.
While you will likely be disappointed to learn that there are no secrets or an easy path to this success, you will be encouraged to know that you can do the same thing I have if you really want to. If you want to succeed, you are going to have to work hard. Probably harder than you have ever worked before. But if you are willing to do this, you can make money. I’m the perfect example of “if he can make money on the Internet, anyone can.”
I don’t do anything but write. I write a decent amount, but I am by no means prolific. There are many bloggers that produce much more content than I do. While I do know a lot about the subject matter I write about, all the information has, for the most part, been self taught. So the question is why have I been able to make blogging and websites a full time job when many others who have better skills and talent than I haven’t?
I think a lot of it simply comes down to attitude. While it helps to have superior writing skills, that in itself isn’t enough to succeed. I won’t BS you and say that making money blogging is easy or simple. It’s true that some people get lucky and making money ends up being easy for them, just like there are lottery winners, but far more of the people who are making money simply appear to have been lucky. The truth is that they worked long hours to get where they are. While this is probably not a typical list of traits and skills that are associated with Internet entrepreneurship, I don’t think I would be where I am today without them:
Stubbornness: 90% of the game is not quitting. There is a lot of talent out there that simply doesn’t have the stamina, willpower and just plain stubbornness to keep going when the only two people reading your site are yourself and your (mom, dad, sister, brother, friend). A stubborn streak has helped me keep going even when it seemed that nobody knew that I existed on the Internet.
Most people quit because the success doesn’t come quickly or easy enough for them. It takes a substantial amount of work and dedication (likely much more than you ever imagined) just as it would take to make any business successful. Having a stubborn streak that made me refuse to give up has helped me clear numerous hurdles that could have easily stopped me dead in my tracks.
Passion: I love what I do and if you don’t love whatever you choose to write about on the Internet, you’re going to make it nearly impossible to succeed. In fact, I can say that I would be doing what I am doing now even if I wasn’t making a cent. I know because when I started I wasn’t and at that time there was no reasonable expectation that I would.
It takes time to make money on the Internet because people have to discover you. If I didn’t love doing what I’m doing, I would never have had the stamina to keep going. Passion let me spend long hours working on my site and blogs without realizing how much time I was actually devoting to them. Even with all those long hours, I still loved spending the time doing what I was doing above all the other choices I had.
Creativity: Working on the Internet will always pose unexpected problems and it will be essential to use creativity to help solve the numerous problems that are bound to arise along the way. The solution to the problems often won’t reveal itself right away. I have had to try new ideas including multiple failures until I hit on something that worked for what I was trying to accomplish. Being able to be creative and adapt has helped a lot in making everything work.
Self Motivation: If you want to find an excuse not to do something that you know needs to get done, but which you really don’t feel like doing, there are a lot of easy ones to adopt. You are your own boss and if you want to waste time, it’s easy to do. Since I work for myself, being able to motivate myself to keep writing and putting effort into my current projects when it didn’t always seem to be worthwhile to do so was essential. If I hadn’t been able to find ways to keep myself motivated at all stages of growing the site and blogs, none of these would exist today. It wasn’t always easy to keep going when it seemed there was no reward for the effort, but even during those times I found a way to motivate myself to keep producing material.
Vision: I don’t think I ever had a grand vision of where my writing would eventally lead, but I have always had a vision of where I wanted to go next. Instead of being at the bottom of a mountain and looking at the top and saying I wanted to get there, I started at the bottom and saw a step in front of me that I wanted to climb. From there, I found the next step. and then the next step. As the site and blogs have grown, I think I am beginning to look a wider, but that concentrated vision in the beginning was extremely helpful.
Time: I knew I was in this for the long haul from the beginning. In fact, when I started there wasn’t any platform out there for people to make money from content alone (adsense still didn’t exist). It never entered my mind that I would make a lot of money quickly, let alone ever. I felt that if I could produce good quality content and information for people that eventually it would be of value for advertisers and figured it was going to be years down the road. Had I assumed that I was going to make money in a short period of time, I would have been highly disappointed and probably quit long ago.
Voice: Everyone has their own voice and you need to use it. I have brought my own voice into my writing. While this may sound obvious, it has been been difficult to accomplish. I’m not the best writer in the world and I would even say that a good description of my writing style is “common” When I see other writers that put the words down so much more eloquently than I am able to do, I want to change my style. The few times I’ve tried this, it has been disastrous because it simply isn’t me. That is not to say that I don’t incorporate things that I see other writers doing that I like, but when I do this, I do it in my own style instead of trying to change mine to theirs.
Faith: Not faith in the spiritual sense, but that what you’re writing or creating is helpful to others. When I first began writing, I received little to no feedback because there just weren’t a lot of people coming to the site. I had faith that what I was creating was worthwhile and helpful to those few that did find their way to my writing. Having that faith will help you to keep going and creating content, and even more so when you do begin to receive positive feedback.
Help: I wouldn’t even be near where I am today without a lot of help along the way. When I first started out, it was brutal and downright frustrating trying to get the word out that my site existed. Over time, however, I was able to find other people that were in the same situation as we were and we banded together to help each other and our sites as best we could. There were also some slightly bigger and more established sites that took a chance on my potential and drive by helping us out when they could have very easily ignored us. I could have never done it on my own.
No Outside Life: You have to be willing to give up a lot of the activities and free time that you had before beginning the project. You have to be willing to put these other activities aside as you build your presence on the Internet, especially in the beginning. When I first started, I was working full time at another job. It was literally like doing two full time jobs at the same time. If you think your are going to be able to succeed only spending an extra hour or two when you can find the time, you will be sadly disappointed when the money doesn’t come.
As you can see, my list of what you need to be successful on the Internet doesn’t match up well with most of the others you have probably read. It certainly isn’t the “quick and easy” success that seems to scream in every advertisement you see. I do, however, believe it’s a realistic list of what helped me get to where I am today.
For those that are hoping for directions on how to make easy money, I’m sorry if my list disappoints. What I can say is that the skills listed above are ones that every person has within them and so it can be done if that is what you want to do. What I can say is that even with all the work, disappointments and frustration, it’s also a wonderful experience along the way and the obstacles makes it that much more satisfying when you can say writing on the Internet is your full time job.
If you enjoyed this post, please consider subscribing to my rss feed
Posted: May 7th, 2008 under Blogging, Entrepreneurship, Making Money, Websites.
Comments: 22
Comments
Comment from Steve M
Time: May 7, 2008, 2:31 am
Good to say up front how hard it is, would love to hear more details about how you promote the sites and spread the word.
Comment from Interwebhunt
Time: May 7, 2008, 3:20 am
I’m glad to see you put stubbornness first. I think that is definitely a hallmark of the blogging world, especially if you’re attempting to make money from your site. That and the ability to multi task!
Comment from olivier
Time: May 7, 2008, 4:04 am
After reading this post, I immediately subscribed to your rss feed. I think this could be very interesting to see how some low profile people like yourself make a lot of money.
Comment from Jerry
Time: May 7, 2008, 5:03 am
looks exactly like what I’m trying to do! Look forward to you revealing more about your sites!
Jerry
Comment from JD
Time: May 7, 2008, 8:27 am
This is retarded. What is a six-figure income nowadays? Practically everyone I graduated college with started at or near 6-figures in their first job. Unless you’re working class a six-figure income these days is easily attainable at a very young age. No need to try to get it through the unlikely route of blogging.
Comment from SavWare
Time: May 7, 2008, 8:45 am
Well, I found this site quite by accident, I was looking to Show Top Commenters Plugin for my site, and I guess I found one of your older blogs, which lead me to this blog. I must say I am glad, I have read a couple of your articles already (love the Hello Kitty one, can’t believe you make that much off of Hello Kitty =) and I really like your honesty, especially in this article. (main reason I subscribed to your RSS)
Honesty is hard to come by, and I like how you say off the bat, I am not a well known, or a popular blogger you might have heard of, but I make some good coin from blogging.
You hit the nail on the head, and even the evil JohnChow says it a lot, content is key. You must write in order to keep people coming back, and that is were the money comes from. People come back to read what you have to say, and if they find you haven’t posted in 2 weeks, then they will stop coming back.
Keep it up.
Comment from financial hack
Time: May 7, 2008, 9:25 am
This is retarded. What is a six-figure income nowadays? Practically everyone I graduated college with started at or near 6-figures in their first job. Unless you’re working class a six-figure income these days is easily attainable at a very young age. No need to try to get it through the unlikely route of blogging.
I would respectfully disagree with you here. I gave up a six figure job to do this for the following reasons.
1. I’m in control of my life. I’m not working for anyone else and I am doing what I love to do. While I earned a lot in my former jobs, and even though I had quite a bit of autonomy, it’s not the same as being your own boss.
2. I am building value with my work. That is, while I earned six figures with my other company, it was a salary and no other value was being created. At the end, I can sell my blogs and sites for a considerable amount of money if I ever decide to move onto something else.
3. The choice of blogging / sites has a huge upside that even if I quit, I will still be earning residual income from them. That means I can take a year off and while they won’t earn what they are currently earning, I could still live off the income they would provide without much of a problem even if I never updated. There are many jobs like that you can find.
4. I can work virtually anywhere in the world. This was the original reason I started doing this. Living in half-time in two countries makes a career quite difficult, so I needed a job I could do virtually anywhere. The benefit is that In the next few years, I plan to do this job as I travel the world.
5. To get a six figure job like you have, I assume that you are living in a large city where prices are quite high, thus your salary wouldn’t be worth near as much as if you were living in a lower cost area. I can live anywhere (as long as I have an Internet connection) which means the salary is of much more value. In fact, I can live and move anywhere I want at any time. That is a freedom you don’t have with most jobs.
Granted, this isn’t for everyone, but to dismiss it outright as “retarded” because you and your friends happen to also earn six figures without also acknowledging the benefits is pretty short sighted in my opinion.
Comment from Paul W.
Time: May 7, 2008, 9:29 am
Wow, what an amazing post! I agree with previous comments, your honesty is what makes your post worth reading.
Comment from Juan Carlos Bonilla
Time: May 7, 2008, 10:01 am
Great post, I can tell you that I am writing in trend hunter since February 2007, it is not easy, some times you cant find good information or you don’t have the enough time to do it, but i know that one of may post will give me the big successful opportunity to grow up. Your post is very motivating.
cheers
Comment from Steve Didier
Time: May 7, 2008, 10:37 am
I really enjoyed reading several posts in your blog. The honesty and candor in which you lay out the qualities needed to succeed in this business are refreshing. I am just starting the process of making the switch from the corporate world to the world of e-commerce and blogging and this post confirms that I have chosen the right path.
Look forward to reading more!
Comment from Nike
Time: May 10, 2008, 7:30 pm
Many great thinkers would agree that we all live by our own self imposed limits and as humans we can go beyond them.
Inspiring post supported by your entire blog, it is all about persistence, determination and belief.
The problem is that we get lost in vocabulary and philosophy; is it spiritual, is a certain person luckier than the other when we should be focusing on the task at hand.
Comment from berryblitz
Time: May 20, 2008, 9:49 pm
That’s so true, everything you said. Nice post.
Pingback from The Chitika Blog » Blog Archive » The 2008 Chitika/TiECON BlogPreneurs
Time: May 23, 2008, 2:31 pm
[…] Jeffrey Strain, of FinancialHack.com explains how he was able to build a six-figure internet income from blogging. “If you want to succeed, you are going to have to work hard. Probably harder than you have ever worked before.” he says. Passion, creativity, Self-Motivation, Vision, and Time are just a few key factors. Read his success story here! […]
Pingback from Cool, Blogpreneur Contest Winner » Self Made Minds
Time: May 27, 2008, 4:45 am
[…] other two winners are Shawn Collins (Affiliatetip.com) and Jeffrey Strain (FinancialHack.com), both entries make great reading and it’s a real honor to be a winner alongside them. […]
Trackback from s-proprietor.com
Time: June 2, 2008, 8:41 am
Carnival of the Entrepreneur - June 2nd 2008…
Welcome to the June 2, 2008 edition of the Carnival of the Entrepreneur. At the Carnival of the Entrepreneur you will find articles submitted by authors from all over the internet relating to anything associated with being an entrepreneur. Topics range…
Comment from Shams
Time: June 10, 2008, 10:32 am
I am glad that I read this post. I came here from Johnchow.
Comment from shawn
Time: June 13, 2008, 11:31 am
Nice - well layed-out list. I love reading stuff like this and DIY Dollars because it motivates me. Look, it doesn’t matter (sometimes) what route we take to get there - sometimes it just takes reading someone else’s story or advice to get us motivated in what we are already doing.
Comment from matt
Time: June 15, 2008, 6:37 pm
nice and straight to the point. Would you be able to tell us partially also the steps to getting the 6 digit income?
Comment from tjp
Time: June 17, 2008, 12:52 am
Very good list. Reaching six figure status was a wonderful goal to reach, and I plan to increase my goals in 2008 and 2009.
Motivation and just plain showing up are really the two biggest factors. Day in and day out, you must show up and stay motivated to reap the benefits.
Don’t pay attention to the hype and lies about the internet lifestyle. You don’t have to impress anyone or deal with undesirables, yet you can still achieve financial & personal freedom at the same time.
I love it ![]()
Comment from Zachary
Time: June 25, 2008, 4:39 am
“Don’t Live To Work”
Simply truthful post. Great ! A+++
Pingback from Interesting posts June 2008
Time: June 28, 2008, 3:34 pm
[…] good regular incomes. I like reading about successful internet entrepreneurs and this article How I Built A Six Figure Internet Income about the income potential of blogs, from the Financial Hack blog, is quite […]
Comment from JNic
Time: June 29, 2008, 9:53 pm
This is a great post. I just started my blog and I’ve been thinking a lot about all of this stuff and if I have what it takes. Thank you for putting it into great words for me. Its giving me a little taste of what to expect. I’m definately linking you somewhere lol.
Jeff
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