Is $600,000 Too Much to Pay For a Minimum Wage Job?
I’ll bet you think it would be stupid if someone paid $600,000 to buy themselves a minimum wage job. That is what I did! It took $600,000 to buy a business, my lifelong dream. I worked at it for almost 8 years when I figured out that I was only making minimum wage for the hours I was putting in. I had to learn how to make extra money as fast as I could, and that is where my internet business came in. You see the $600,000 bought a successful brick and mortar business, but the profits were only at about 2 to 3%. So if we made $2.4 million in revenues, we were lucky to share $48,000 between three partners. And that was in a good year with a business considered to be successful. That is why I love the internet. Success on the internet can be much higher than 2% profit. Imagine selling a product that you price at $65 per sale. If you figure up your cost per product without advertising, you may determine that your profit is 85%. That means you are profiting $55.25 every time your product is
