How much is 6 figures a month? How do you earn it? Who is doing it? How are they earning that much?
Great questions, for sure, and there are more thoughts too. For instance:
If you were extremely successful by 2019 in a medium sized business, that had started out small and had the potential to earn $100,000 a month in net profit, you may have lost your shirt when the pandemic hit. The point? Most businesses come with some level of risk.
If you blogged for a living or had a YouTube channel, your income was likely boosted by the pandemic because people had more time to check out digital content. And, an online business can be started with no cost.
Not all online businesses are low risk.
How much is 6 figures a month? It is $100,000 or more a month, not per year. That is over a million a year, which this writer earned for the first time in 2000 (21 years ago). And it is a lot of money!
I think it is important to understand that many people would be very happy with $2000 extra income a month from a side hustle or part time home based business. So, talking 6-figure is another playing field.
However, if you can make $2000 a month part time, you can make $10,000 a month from home. And, if you can do that, you can do more!
The best business to be is any low risk venture with a high potential upside. And, low risk means low or no investment.
There are several businesses like that. One could be building your own website and blogging. Similarly, starting a YouTube channel is up there too. So is becoming a personal development speaker.
If you own a computer, writing a book is just sweat equity and it has a high potential upside, but that is harder than writing a blog. But you get the point.
There are things some people can do and others can’t. So you have to pick what you can do but, know this, one of the best back-end marketing profit center is teaching others to do what you have done.
“Do it first, then show others how to do it” is a terrific way to make 6-figures a year or a month.
If you were doing your own marketing and website as well as creating your own content, like this, then SEO would be of interest to you. And, it is interesting to know that 6 figures a month was searched on Google an average of 70 times a month with few bloggers trying to optimize for that long tail keyword.
None of thee numbers are high but if you ranked for 50 of them and got 20 visitors a month from each, that would be 1,000 visitors that read one of your blog posts before you lifted a finger or even if you didn’t!