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Tuesday, October 30, 2007

How much do you need to earn per day to be a millionaire?

How much do you need to earn per day to be a millionaire?

I was doing some calculations today.
To earn RM1 million by the end of 2008, we would need to earn RM2739.72 per day.
But if we earn our income in USD, then we only need to earn USD$782.78 per day (USD$1=RM3.5) to earn USD$285,714.29 (RM1 mill).
As for me, I think that is feasible once I became a master internet marketer.

So what’s the plan?

At this moment, I have 7 blogs in my blog network.
Ebooks Reviewed -> http://ebooksreviewed.blogspot.com/
Cheap Timeshare Rental -> http://cheaptimesharerental.blogspot.com/
Sydney Melbourne Holiday -> http://sydneymelbourneholiday.blogspot.com/
Invest Public Mutual -> http://investpublicmutual.blogspot.com/
Melbourne University Overseas Students Service -> http://muoss.blogspot.com/
Nurul’s Thoughts, Travel & Adventure -> http://nurulh01.blogspot.com/
Varie Virtual -> http://varievirtual.blogspot.com/

I am also planning to add another few blogs to my blog network.
At this moment, my income from adsense on these blogs are only about USD$20+ per month. This needs to be increased immediately.

Say for example, from the daily amount required, I segregate my income to the following sources:
Adsense = 10% (or USD$78.28/day)
Affiliate product sales = 40% (or USD$291.51/day)
Sub Affiliate sales = 10% (or USD$78.28/day)
Share and Forex trading = 40% (or USD$291.51/day)

In addition, I have additional income coming from the holiday rentals I advertise through my own website http://www.cheaptimesharerental.blogspot.com/ and my Cheap Timeshare Rental blog http://cheaptimesharerental.blogspot.com/. This usually amounts to about RM2,000 per year.

I am also a Public Mutual agent, but I only market the unit trusts during promotion period. Commission rate is quite pathetic, only 2.85%. So if I only make about RM50,000 sales per year, my commission is only about RM1,425.

So, is this a feasible plan? Sounds like a mammoth task at this moment.
How I wish I have the luck and skills like some of the established net marketers who easily make millions of dollars per year.

But anyway, I shall try. I’m planning to do a firesale soon…desperate attempt to help free me from debts. Currently have about RM650,000 (USD$185,714.29) debts to clear for my study, house and car loans. So I think that should be my priority at this moment..

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