Hey, I’m glad you did. I guarantee that it’ll make you a better professional and a better artist.
Went through it and I already got some strategies that i will apply to my daily work habits. Fist two parts was better than the last one, though. It’s pretty disconnected from the rest and less applicable.
While looking for this book someone recommended to also take a look at The Path of Least Resistance by Robert Fritz It goes much deeper on the same subject.
Thank you for recommendation.
doru saidSome time ago Collis posted a figure of 140mil in author earnings over 7years. Even though the earnings have been growing exponentially I still doubt monthly earnings have reached 10mil by now. At least that number is not supporting this theory.
Don’t know how much money all the sales are generating each month but let’s say 10 000 000 result: around 143 millions
MotionRevolver saidBy no means this was my intention and as I said – it’s not even allowed so this is off the discussion.
I highly doubt any of us would find someone to purchase our entire portfolios at the valuation we’d expect in return.
DOGmotion saidWell, Investors are mainly looking for ways to put their money to work so they don’t have to. If you’re an investor – there is not much you can do to earn more than market average. Now if you find that your investment of time is also generating you passive income similar to what someone with half or quarter million worth of investment portfolio is getting – suddenly you realize that your time is worth much more than you probably thought. And if someone starts to complain that prices here are so low and you could earn more by freelancing – it’s a reason to think again.
Interesting numbers. But it only points that investment on stocks is very expensive business.
For past few years I’ve been spending more and more time to the personal finance planing and setting our financial goals as a family. The goal is to retire by the time I’m 40. Which doesn’t mean that I would stop working, but that i would have enough monthly return from assets to cover our monthly expenses. This includes income such as interest from savings, rental income from real estate properties and similar things. And if I put things in perspective – my Videohive portfolio is also kind of an asset. It gives steady monthly income even though I uploaded my last project 6 months ago. So it’s kind of a passive income from investment.
The reason I started this thread – I just calculated aproximate value of my portfolio and realized it’s my single biggest asset and I thought it would be interesting for you to run the numbers as well. In fact this changed my attitude towards Videohive complately. I don’t view VideoHive portfolio as an asset to retire on, because obviously portfolio goes out of style and eventually stop generating income if you stop producing new or updating your old projects. So I thought I’m enjoying Vh income, but I’m focusing more on building other assets like rental properties and savings. However after this basic calculation I realized it’s an asset that I need to cherish.
Here’s the math: We will consider 7% yearly return to be reasonable. Meaning if you would take your money and invest it in stocks your average yearly return would be 7% from the invested amount. Now you need to find out your average yearly earnings on VideoHive. Then take your yearly average figure and divide by 0.07
This is the amount of money you would need to invest in stocks to get the same yearly return you are getting on VideoHive.
I don’t want to reveal the numbers here, but I have to say – I was pretty much blown away because for me that number is close to half million dollars. I know it’s not allowed or possible to sell your portfolio and no one would buy it for such crazy amount anyway, but the math is straight – to get the same return from financial assets you would need to invest a huge amount of money. So cherish your portfolio, because It might be your most valuable asset in life.
Generally banks look for safety that their money will be paid back. If you have a realestate you could get loan against that and get pretty good rates. Something like 5% a year. If you have a car you could get your loan against that and get an average rates more like 7-9% If you don’t have any of those just the steady income – you can still get loan, but the rate would be 25% If you don’t have a steady income there are some places that give those high risk loans, but your rate could be even 150% or 200% Unless you take that loan to fund the purchase of an asset that would gives you a guaranteed return that is higher than this rate – it would be a foolish decision.
You can host your tutorial on Youtube, but then you need to create an alternative written help file that you include in main ZIP. The idea is that project can’t be sold without a proper documentation and we have no control over third party sites and services so file can’t be accepted if the only documentation is hosted on youtube or similar service.
Some authors include written help file and then host a detailed tutorial on a third-party service. That is OK, but please remember that written help file should also be comprehensive enough to understand and use the product.
Hell these days you cant even have a hobby with out paying taxes on it
None of this was about not paying taxes. Taxes needs to be paid always. The question was about the inconsistencies in reporting and haste vs benefit ratio if VAT has to be handled on author side.