2010, $8,000 and a desire to be a millionaire
 

Basically describes my friend. He dosen't know i'm in this line of work :D.

Would you say its possible in under 5 years work?

Negative champ.

Some mainstream VC :P

5 years? Umm..

May be if he can get #1 spot for some male enhancement or some targeted cams keyword.

Possible. Unlikely, but it is possible.

Given that he plows back earnings and don't have to use the to sustain himself, yes, with the right dedication and a willingness to read, learn and try new things it is definitely possible to build a decent fortune. The million dollars might be a bit far fetched but certainly a good bit of the way can be accomplished in five years.

Buy something established, which returns a steady monthly payout. Then go do some minor jobs, like data entering, blog writing or other stuff and try to hustle up another $10 per day. This will give you a bit over $600 (minimum $300 return on the initial purchase and $300 from small jobs) to invest per month.

Now, either buy traffic/advertising and try to sell something/convert people. But it's hard if you've never done it before. Or visit Digital Point, buy some small time Adsense sites or other small investments which earns money passively for you. For $600 a month investment, you should be able to get sites earning a few tens of dollars per month.

Within a year, he then have
the initial, "big mama" earner, minimum $300/month
small job hustlings, $300/month
small Adsense sites, 1st month $30, 2nd month $60, 3rd month $90, 4th month $100, 5th month $120, 6th month $150, 7th month $175, 8th month $200, 9th month $220, 10th month $240, 11th month $245, 12 month $250, all added up that gives =
30+60+90+100+120+150+175+200+220+240+245+250 =
$1880 almost work free return the first year on an investment of 600 x 12 = $7200
The Adsense earnings are set kind of low, but the idea is to work a bit, aquire something which earns money quite independently while you continue to work on other things and thereby only increase your earnings.

Allready in year two, assume the Adsense earnings just stay at the level of month 12, then you have $250 x 12 = $3000
plus the $7200 that you work and have your "big mama" earner putting out for you, so around $10,000 in year two.
Investing those earnings from year two, should give you at least another $100-$200 more per month.

So in year 3, you'd be looking at earnings between $12-$15 000
investing even those, you'd make an extra $2400 per year.

Coming into year 4, you have probably sold off some smaller earners, being able to provide earning over some time gives you around 8-10 months earnings at once. So say you have free cashflows of $20 000 to invest. That might buy you a new grand "big mama" earner putting out around $1000 per month. Put that on top of your $7200 from "big mama earner 1" and small jobs plus some Adsense or other income, and you'll have around $25,000 to invest at the end of the year.

The $25,000 investment buys you something which returns $1500 per month, $18,000 per year. Add to that a small Adsense imperium, which gives us $5000 per year. Our two big mama earners, earns us $1300 a month, $15600 per year. If one still do small jobs at this time, you'd earn a little more, say $5000 per year. All in all, year 5 you earn $45,000.

This is just a quick calculation and I got lazy along the way and didn't adjust for monthly plowbacks of earnings, so that would add some extra thousand dollars per year, plus the investments during the months of year 5.

In year 6, you're looking to be making around $5-6,000 per month free cashflow plus the value of the imperium you now have built up, which should be worth a few hundred thousands. Not quite the million but not bad on some starting $8000 and some small, easy jobs. The key is plowing back earnings and not taking them out to spend it all, but that takes enourmus dicipline which is why most people fail at this.

All in all, the million might not be in reach unless you hit a jackpot somewhere. But with a ten year perspective and a willingness to take on some debt once you get things rolling past the second year it's definitely doable.

Anything's possible, but a million bucks in 5 years off of an 8k investment isn't very likely. Would love to have him prove me wrong tho.

Glory days are over boys, adult is work now.

Not to mention scams, fake bs, nonpayment etc etc.. .

I'll give you $800,000 for $8,000 up front, as soon as Camgirls.com total revenue hits $3,000,000 you'll get paid, (maybe 2 - 3 years).

If Camgirls.com fizzles you get your $8K back in 12 months.

Easier than you think, I have the rocket ship, just need some fuel.

Give my email to your friend... [email protected]

See the dude above blew 250-350k [can't recall off hand] on some domain & now he is begging for 8k.

if you steal his work you are completely motherfuck retard who needs a kick to your fucking face, seriously ... lost friend because few monts of your ass in velvet ... fuck you bitch i say :)

Anything is possible, but the odds are seriously stacked against it.

Anything is possible with the right idea and goals

great post :thumbsup

With a paysite or two, decent ones and busting some ass, it's very possible to reach 50 sales / 50 rebills a day and easily break $1m a year. If they went the affiliate direction, I would say no, chances are he probably won't make a million in 5 years, let alone yearly - unless he know's something really unique, like how to mail or drive traffic in some special way.

Camgirls.com is making $x,xxx per week before the affiliate program after 6 months on white label.
$8K would just get my AP running 2 months sooner.

Another option:

BlueCams.com (Claire) + WebCamBucks.com (Hal) = $8K

you just need a "laptop" :)

its not impossible but sure damn hard.

your friend could have a really great idea for a product and pay $8k towards making some samples then go in with someone to market and sell it to total $2mm, split it and walk away

he/she could start a small business doing some type of high end consulting. rich people are always looking to be better, so maybe some "karma consulting" at $10k session

likewise I met a guy a few months ago who had an enormous ebook/lead gen business. was actually a pretty good plan and he ended up selling it for just under $1mm in about 9 months and cost him around $10k initial investment... but he did work 7 days a week to get there and his wife left him. but he has enough money to buy many wife :1orglaugh

That is senseless. Why don't you just get a bank loan for $8k and pay back $14k or so after the 2-3 years instead of 800k?

Maybe: but would require a very big penis and a pair of cool sunglasses.

stop:stop
you are making way too much sense

haha :1orglaugh :1orglaugh

Anything is possible if you want it bad enough :)
Keep trying, is all you can do !

Awful desire...

Desire counts for nothing. Lots of people desire things but won't put in the effort needed to get anywhere.

It can be done but only I know the recipe :)) hihihi But i sell it for 100k :))))

very possible, $8k is even more than most millionaires have started with, 5 years is plenty of time too... if you have your shit together, it's very doable... :2 cents:

Thanks. The one thing me and him are not short of are idea's, its just hard to put them into practice when experience is lacking in the development fields (programming, product design etc).

We are currently both in the stage where we are starting to develop our skills (got a whole load of guides in for HTML standards as well as the adobe CS5 suite guides.....which will hopefully allow us to gain a better understanding.

I have NO problem with hard work, hell I worked for 3 weeks once in the hottest weather EVER in my country shovelling cement and tarmac, something I hadn't done before. I have the will....I just need to find the way...

I think I have a bad credit rating, I racked up some debt getting Camgirls.com running, and my bank wouldn't increase my CC limit a few months ago.

There's a $100K limit credit card ad on TV if you earn $50K so I emailed them explaining my story and showed the Cams.com IPO site with the $32M profit. If they're smart I should get approved.

There are no impossible things. :pimp

And I just say again, buy an established earner for part of your starting capital to begin with. That will earn you some money while you fiddle, try and experiment with other things. This will allow you to not "lose time" but have money returns even during your build up phase.

Go look at sell and buy places like here on GFY, Flippa.com and forums.digitalpoint.com. But be very careful and do an extensive research before buying anything, many things are not as golden as they appear. And maybe buy something really small, for say $200-$300 to start off with, just to get the hang of things.

I would also recommend some kind of diversified income. Don't put all your eggs in the same basket. So try to earn from different sources, some Google Adsense, some Juicy Ads, some from affiliate incomes, so that you don't become too dependant on one specific source.

And if the goal is to build a fortune, plow back earnings and don't cash out too early.

Well........ it is possible. I started with less than $4k and im well over a million in almost exactly the same time period. There is a lot of luck, being at the right place at the right time etc etc.

So, in closing, its unlikely but possible and im proof that it does happen.

At the end of the day, a lot of what you achieve may depend on how you shift your money and the ultimate thing that creates wealth is the "compound" growth effect that explains the wealth of people like Buffett.

Easily doable.

I be doing it and I will report it here.
I'm back doing adult. And online.

5 years you say? Not impossible.

The hardest part is to actually do shit that works. And then you multiply that by 100.

:winkwink::thumbsup

and the right timing.

:2 cents:

Certainly possible, but its a lot harder than it used to be.
WG

Yes: If he works 20hrs a day, 7 days a week and has some luck.... :)