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Monday Question: Income Expectations From Internet Marketing

I got a question via email recently which reasonates with a lot of emails I get:

Hi Andrew stumbled upon your blog through a ewen site, mind you I was researching on how credible internet marketing was and if they were scams, so I have a few questions to help me understand and hopefully make a decision

How realistic would the rabid niche cash machine work, what is really involved? lets talk about money what are the realistic figures of profits on using this product, I dont fully understand how this would work and what creates profit. How much time do I need to input to see a decent return. I would really like to know if this is a proven method and someone like me could be able to use this and eventually become financially free, its all good to say buy the product and find out, but a little more understanding and some peace about this would help me 100% to make a final decision, $30 may not look much to you but for me at this moment in my life its alot, any help and more understanding will be genuinely appreciated, thanks so much for your time and look forward to hearing from you

-Anthony

Lots of questions have been raised and I’ll do my best to address each point.

how credible internet marketing was” – Internet Marketing is the broad name given to what was known as “e-commerce” previously. Internet Marketing is as credible as any other broad field like “advertising” or “engineering” or “biology”…

You have the big players like Amazon, eBay, MySpace, Friendster, Google, Yahoo!, and you have the smaller Internet Marketers and Internet Marketing business/companies.

Your question can be further broken down into:

Does Internet Marketing work: It does because it’s based on the same principles as “traditional business” and the laws of economics – supply and demand, elasticity of demand, marginal utility, etc.

Is Internet Marketing a scam?: Like any other field, there are the genuine marketers and the quick buck scam artists. You need to do your due diligences.

My personal note: I’ve bought and invested in quite a bit of Internet Marketing products and services – some of it provided great value and I’ve been able to grow my business using some of the techniques, while some of it was a complete waste of time. If anything, Internet Marketing is akin to learning to walk, if you’re not already proficient in it, you’re likely to fall a number of times, skin or scratch your knees, but there is light at the end of the tunnel.

How realistic is my product, how much can you earn, what is the time involved: My intent in developing Internet Marketing products has been and remains on creating sustainable businesses.

You have a 60 day period to test the product out and see how it generates income for you.

As Internet Marketers, we provide the tools, the income potential is dependent on how fast a learner you are and how much time you put in…

If you already have some experience under your belt, it should take you a couple of days to get your site up. If you’re newer, it’ll take longer. You will have our support in resolving problems you encounter along the way.

A good niche site should generate a consistent $3,000 – $5,000 in monthly income within 3-6 months (although your results might vary).

“$30 may not look much to you but for me at this moment in my life its alot” – Setting up a brick-and-mortar business in the real world would cost anywhere from a mid five figure sum to a couple of million dollars, and having help set up a television production studio, a software development lab and a training division for a SMB previously, the cost of setting up an online business is pitifully small.

I can understand that if you’re a student, or a work-at-home mum or dad, the finance could be fairly tight.

Some might say you could use a whole bunch of free tools and websites already available out there. Having already gone that route when I first started out, I can say that you will be saving on a couple of dollars, but you will more than pay for it with your time (and possibly have free service providers plaster your emails and websites with lots of ads).

If funds are tight, I’d suggest holding off on buying anything Internet Marketing-related now.

Focus instead on building your “Internet Marketing budget” till at least $500 before embarking on Internet Marketing. You’d need to have funds to purchase a domain name, web hosting, autoresponder service and other tools to get properly set up.

If you’re serious about building an online business, I think your time should be focused on finding or developing the best products to meet your customers needs, and closing the sales.

Rabid Niche Cash Machine will give you a piece of the puzzle and will help you get started. You will need to put in effort to make your business a success.

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