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re: *Updated* Life changing income about to happen and I need advice
Posted on 12/31/20 at 7:26 am to Chucktown_Badger
Posted on 12/31/20 at 7:26 am to Chucktown_Badger
She has over 225,000 followers. That was gained over the past year alone.
She spent 6 months with no pay setting up everything and making connections. She literally worked 7 days a week 12 hours a day focused on the startup.
She went live in February as an influencer. She did way more than we both expected her first month. In March she doubled that. Then COVID hit and that is when her popularity exploded. It has been growing ever since.
We do feel that commussions post COVID will drop, But she landed so many brand deals and has popularity, which I understand is the ultimate goal of an influencer.
All of the influencers she communicates with have been doing this for several years. Most have done it over 5 years. They live in custom homes and do swanky vacations all the time. Their stories include that they were former lawyers or had nice paying professions and quit to be one, their husband ultimately left their job to assist and manage the business,
I left my job because we realized that we were losing more commissions than my salary from working. It put more stress on her and took time away from the business to manage day to day household matters. With success comes risk. While it is a risk, I can always go back to my career.
I may disclose the website to my TD brethren. I want to be clear that if you are thinking of becoming one or you want to convince your wife to do it, it takes a lot to be successful. You have to have passion, a niche, and work your arse off. My wife has barely done anything for herself for 12 months and is all in on the business. I needed to step in and pick up the slack with chores and the kids, and fill a non traditional role. We have not gone on a vacation, spent time with friends, social life, etc. It does not happen easily. It is like an up and coming Hollywood actress attends a family wedding and gets bombarded with random people asking her to hook them up with an acting job so they can become famous.....It takes a lot to get to that point.
She spent 6 months with no pay setting up everything and making connections. She literally worked 7 days a week 12 hours a day focused on the startup.
She went live in February as an influencer. She did way more than we both expected her first month. In March she doubled that. Then COVID hit and that is when her popularity exploded. It has been growing ever since.
We do feel that commussions post COVID will drop, But she landed so many brand deals and has popularity, which I understand is the ultimate goal of an influencer.
All of the influencers she communicates with have been doing this for several years. Most have done it over 5 years. They live in custom homes and do swanky vacations all the time. Their stories include that they were former lawyers or had nice paying professions and quit to be one, their husband ultimately left their job to assist and manage the business,
I left my job because we realized that we were losing more commissions than my salary from working. It put more stress on her and took time away from the business to manage day to day household matters. With success comes risk. While it is a risk, I can always go back to my career.
I may disclose the website to my TD brethren. I want to be clear that if you are thinking of becoming one or you want to convince your wife to do it, it takes a lot to be successful. You have to have passion, a niche, and work your arse off. My wife has barely done anything for herself for 12 months and is all in on the business. I needed to step in and pick up the slack with chores and the kids, and fill a non traditional role. We have not gone on a vacation, spent time with friends, social life, etc. It does not happen easily. It is like an up and coming Hollywood actress attends a family wedding and gets bombarded with random people asking her to hook them up with an acting job so they can become famous.....It takes a lot to get to that point.
This post was edited on 12/31/20 at 7:30 am
7
Posted on 12/31/20 at 8:44 am to Mariner
quote:
I may disclose the website to my TD brethren.
I would advise against posting personal information on here. Pics would suffice though.
Posted on 12/31/20 at 10:01 am to Mariner
Interesting. 225,000 is a lot of followers but I guess I thought you had to have a million + to make a lot of money as an influencer.
This post was edited on 12/31/20 at 10:02 am
Posted on 12/31/20 at 10:09 am to Mariner
Agreed. Do not post any personal info.
Congrats on hitting the influencer lotto. If you invest that money wisely your family will be set financially, even if this tapers off in a couple years.
Congrats on hitting the influencer lotto. If you invest that money wisely your family will be set financially, even if this tapers off in a couple years.
Posted on 1/12/21 at 5:50 pm to Mariner
quote:
All of the influencers she communicates with have been doing this for several years. Most have done it over 5 years. They live in custom homes and do swanky vacations all the time.
I’m still not convinced you’re in the middle of some kind of pyramid scheme you can’t see. Do not sacrifice long term stability and savings for short sited fun and folly.
This post was edited on 1/12/21 at 5:53 pm
Posted on 1/12/21 at 6:03 pm to Mariner
quote:
They live in custom homes and do swanky vacations all the time.
I’m not sure this is how real wealth should be measured.
I guess it’s nice to have fun and have nice things, but I want generational wealth to transfer to my heirs as a legacy.
Good luck with whatever this is.
Posted on 1/12/21 at 9:01 pm to Mariner
quote:
I want to be clear that if you are thinking of becoming one or you want to convince your wife to do it, it takes a lot to be successful. You have to have passion, a niche, and work your arse off. My wife has barely done anything for herself for 12 months and is all in on the business.
This advice literally translates to any high paying venture.
quote:
All of the influencers she communicates with have been doing this for several years. Most have done it over 5 years. They live in custom homes and do swanky vacations all the time. Their stories include that they were former lawyers or had nice paying professions and quit to be one, their husband ultimately left their job to assist and manage the business
I'm assuming she's also learning from influencers who have crashed and burned. The space she occupies and the people she influences had to have once been occupied by another influencer, right?
Posted on 2/24/21 at 4:04 pm to Mariner
quote:I'm way late to this, and I don't know a lot about the business model of influncers. That said, someone mentioned the kid who does toy reviews (I'm guessing Ryan) who makes tens of millions every year. My son watches him, and he has over 28 MILLION followers, toy lines at walmart, a show on Netflix or Amazon, and even a video game.
She has over 225,000 followers. That was gained over the past year alone.
So 225,000 followers does not seem like a lot. In addition, it looks like his videos generally max out at about 50% views per subscriber (so the average is much less). So according to this Youtube Money calculator (and maybe your wife is on another site though), if she AVERAGES 50% veiws per subscriber EVERY DAY with 100% engagnement, her max earnings are about $280,000 per year.
However, according to Google, the average engagement rate is 4%, so lets say she averaged 10 times that, with 150,000 views per day, (almost 55 million per year), that's max earnings of about $126,000. Those are pretty lofty expectations too.
I don't know what you consider life changing income, but I'm just not seeing how 225,000 subscribers, results in anything more than a nice supplementary income.
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