Will You Give Up Blogging and Internet Marketing in Exchange for This?

Note from Eric: This is a guest post by Sunil, an internet entrepreneur who has seen a variety of successes online, including several website sales for five and six figure amounts.  Sunil and I initially connected because we share similar professional backgrounds (we’re both CPAs and previously worked in public accounting) – he has since become a full-time internet entrepreneur and has been making money online for the past 9 years (longer than many of the so-called “gurus” out there), so I respect his advice and was happy to publish his guest post here today.  You can read more about him and his blog at the end of this post.

When I started my ecommerce business online, my motivation was pure profits. Years after selling that business for a six figure sale price, I found myself online with a portfolio of several profitable niche websites and now a successful blog.  However, my underlying motivations today seem to have evolved.  Am I alone in this boat?

The internet is more saturated than ever before with the number of new websites and blogs cropping up by the second.  Companies are realizing that a web presence is no longer just an option, but rather a necessity in order stay on level ground with the competition, let alone to beat them. The recent social media growth has added even more pressure to establish that presence online.

But companies are not the only ones rapidly joining the web sphere.  Individuals like Eric, you, and myself too are putting up websites and blogs faster than ever before.  A big factor contributing to this trend is the abundance of internet marketers online who preach how one can make a lot of money online.  The attractiveness of that thought, coupled with very low barriers to entry, if any, has saturated the web space more than ever before.

That said, I don’t care what people say initially, the underlying motive behind the establishment of most personal website and blogs involves profits.  Sure, one can blog as a hobby, or to get things off their chest, or simply push an agenda out to the masses, but somewhere deep down in that complex human mind is the thought of making some money from their initiatives at some point. Think about why YOU spend so much time online?

The thought of making some money initially turns into making some more money, then making a lot of money and then eventually into making enough money to “quit my job”.  This is especially true when a “webpreneur” first gets a taste of some income, may it be just a couple dollars in Google Adsense earnings. Don’t you think there is some element of truth to that pattern?

So my question for you is; how much money is enough for you to walk away from your blog or website? What will it take for you to give up blogging, social media hustling and internet marketing? Will you still be toying online if you had a million bucks in your hand today?

We all know that it is NOT EASY to make money online. Building a long term, sustainable income stream online requires a lot of time, hard work, perseverance and even financial investment in many cases. Not everyone has an abundance of those resources, especially those who are already working full time jobs looking to give up their career one day to work online full time.

If you are in that situation, or somewhere within the ballpark, would you give up your online initiatives if I were to promise you a million bucks in cash today? Think about this question very carefully before responding.  A million bucks today is guaranteed cash you can take in and use however you want. You can buy a house, car, fund your children’s education, pay off all your debts, help family, start a business and pay all cash for it.  Or you can stash it away in the stock market or money market and set yourself up for a very nice retirement well ahead of your peers.

Doesn’t this beat toiling away for hours over months and years trying to make your web ventures work for you? Think about how much time and effort is involved in that. Think about how much of your free invaluable time you’d lose out on? Think about all the fun activities and outings with your friends you’d miss out on as you continue building your online business. And even after all that, there is absolutely no guarantee of succeeding online!

Money on the other hand makes money. A million bucks on hand today can be grown to a few million in a relatively short amount of time (assuming you know how to).  This seems like the safer and more lucrative route to go, no? I understand the hypothetical nature of this question, but please try to be as honest and unbiased as possible. I am interested in observing whether passion trumps profits or vice versa.

So what will it take, $10,000? $100,000? Or $1,000,000?  Let’s hear it.  You obviously started your online venture for a reason. What was that reason? How has it evolved? Are you willing to drop it all today for guaranteed cash on hand?

Why are or aren’t you willing to give up all your online activities forever for cold cash today? Is it passion? Is it desire for money? A bit of both?  Tell me your answer and I’ll tell you mine.

Sunil

Note: Giving up all activities does not entail stopping to surf the Internet or use Facebook to connect with friends. You can still go online, you just can’t be involved in any profit driven initiatives.

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Sunil owns over a dozen profitable niche websites and is the author of “How to Go from $0 to $1,000 a month in Passive and Residual Income in Under 180 Days All in Your Spare Time”, a FREE report you can download instantly from his Extra Money Blog, where he discusses how to create multiple streams of passive and residual income, entrepreneurship, internet marketing, blogging and personal finance. In 2007, he sold his ecommerce website for $250,000 to a top Ebay Power Seller and since then has sold several niche sites for five figures each. You can read more about him and his work on his blog.

 

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20 Responses to “Will You Give Up Blogging and Internet Marketing in Exchange for This?”

  1. That is a tough question. Do I have to quit internet marketing completely and never come back? Then 1 million would not be enough. I make my living online and without it I would have to go back to my old job. And I really don’t want to do that.

    I million dollars (or even Euros) would not be enough to support my family for the rest of my life and I really don’t want to go back to my old job. If someone offered me 10 million or even 3, well then I would really have to think about it.

    [Reply]

    Eric G. Reply:

    I agree with this – thanks for the comment, Raffael.

    [Reply]

    Sunil from The Extra Money Blog Reply:

    Raffael, good point. We all have different thresholds we are willing to bend at. Did you consider what you can do with the million dollars? Perhaps you can grow it faster / further and most of all “easier” without depleting the original $1M investment? Would your answer change if you ran those numbers?

    [Reply]

    Raffael Reply:

    I talked to my wife about it and she said that she would take the money within seconds.
    I guess it’s true, I could use that money to make more money. It’s just that I found online marketing to be such a great opportunity to be independent that it would be so hard to give it all up.
    Raffael recently posted… RTW Ticket is booked

    [Reply]

    Sunil from The Extra Money Blog Reply:

    I hear you man. Someone had posed that question to me recently and my answer was an obvious no mainly because of the income streams I have built up over the years. If I was relatively new (3 years or less) and if my income was significantly less, I may not have said No so quick.

  2. That’s a tough question. Currently I only blog for fun so the thought of $1M would be nice but I’m not sure I could give it up!
    Sonya recently posted… Mug Rugs

    [Reply]

    Sunil from The Extra Money Blog Reply:

    so passion over fortune in this case Sonya?
    Sunil from The Extra Money Blog recently posted… Learn How to Take Advantage of Tremendous Opportunities in the Online Business Space

    [Reply]

  3. Would this entail giving up all web-based enterprise, or just specifically blogging and marketing?

    1 million would be enough for me to give up blogging, but (after traveling for awhile) I would probably want to use the remainder as seed money to start a physically based business.

    But since there’s a web-based aspect to virtually all businesses these days, it would be pretty crucial to still be allowed to advertise a product or service online.

    I would really miss blogging, but I make under a thousand dollars a month from my websites so a million dollars would be impossible for me to pass up. I’m young enough and have few enough expenses that a million could go a very long way with some smart investing.

    Plus, I could get my writer’s fix by writing e-books for the Kindle and Nook!

    [Reply]

    Sunil from The Extra Money Blog Reply:

    great follow up question Justin. since brick and mortar businesses do involve a web component, let’s make an exception for that assuming the web is a supplement rather than a primary medium of doing business. i love the plan you have presented – and you are right, you can always resort to the nook and kindle. don’t forget the Google Partner Program!!!!
    Sunil from The Extra Money Blog recently posted… Do You Really Need Expensive Software to Secure and Protect Your Blog?

    [Reply]

  4. Good question. I love blogging but the future of my girlfriend and my future kids is defenitely more important. And if i sell it for 1million it doesn’t mean i can’t start with something different all over new, right?

    [Reply]

    Sunil from The Extra Money Blog Reply:

    but if you were restricted from starting an internet based enterprise, would you still settle for a million bucks?
    Sunil from The Extra Money Blog recently posted… Do You Really Need Expensive Software to Secure and Protect Your Blog?

    [Reply]

    Daniel Reply:

    Who would restrict me? :-)

    Anyways, if that would be the case, i would have to think about it.

    [Reply]

    Sunil from The Extra Money Blog Reply:

    no one would, just a hypothetical scenario. basically trying to determine what everyone’s appetite is and why ;)
    Sunil from The Extra Money Blog recently posted… Do You Really Need Expensive Software to Secure and Protect Your Blog?

  5. I would give up Internet Marketing the way I practice it now. But I would never leave the internet and website all together, its a hobby. I’d probably invest and buy rather then create and promote.
    Cristian Balau recently posted… The Best Definition Of MARKETING?

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  6. I think I will never give up blogging for that…But I think I have to think it over first before deciding…
    Sher Chives recently posted… Cover Your Dental Care Costs by Dental Insurance

    [Reply]

    Dereck Ramsi Reply:

    I agree with you sher, that Think first before you do.

    [Reply]

  7. One million would not be enough for me to quit my internet marketing activities. I currently earn over $2,000 per month from my websites, and that number grows every month depending on the amount of time I put in. 10-15 hours per month of actively working would bring me an additional $1,000 per month, and possibly more. I don’t think that it would be worth it to me to take the 1 mil. and give up on the chance to make whatever I want to make if I put my mind to it.

    [Reply]

    Sunil from The Extra Money Blog Reply:

    But is the 10-15 hr trade for extra $1,000 a reliable correlation in that each time you invest 15 hours you get 1k in monthly income back? consider investing 1M in a CD at 5% which you can likely negotiate with that high of a balance. you are then looking at 50k passive and residual income annually, which equates to over 4k a month w/o a single hour of your time invested. will your decision change in light of those numbers?

    [Reply]

  8. Everything has a price. It’s not that i don’t care for my websites. But if the sum is right, i can always make more. I’ve done it already and i can make it again. It’s easier the second time.
    But if i’d have to totally give up IM, i’d do it anyway. Money online is only a method of income, it’s no the only one.
    Richard recently posted… How to Clean Up the Paint Zoom Sprayer After Use

    [Reply]

  9. It would take a lot of money to do everything I want to do – perhaps 10 or 20 trillion dollars.
    Do you know anything else that will generate that kind of money?
    Phil recently posted… What’s the Big Idea?

    [Reply]

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