I been working on 3D modeling as a hobby all my life. It isn’t my actual job, but I love the hobby! I don’t earn all that much (4 figures), but the extra cash is great at times!
If you need to Increase your sales you would be focused on things all graphic designer need it not part of people like 3D Products make sure if you create awesome 3d packaging like 3d wall or 3d business card mockup if you make these thing i promise you you be increase the income of cash in little short time!!! Good luck>>>
I started sending the first my work here a month and a half ago and I’m working full time on this wonderful site and so far has made $ 290 and I aspire to get the most God willing.
But my question is $ 290, which got him through this period is encouraging to continue or not? Are there any statistics showing a relationship between the amount you get with projects qty. and the time period to find out the correct position at work.
Note: sorry for my English language not very good.
I launched my first item in codecanyon a couple of weeks ago and it’s doing well. I can see myself investing some more time to develop new items, also for ThemeForest, or team up with a designer and make enough money to make this full time and live in a cheap country. But i’m still far from that. I envy the ones who already reached the 70%
Personally I do this as a hobby, to learn and improve, to keep up with the latest and to have a little side earner owner. I would like that side earner to be somewhat bigger though at the moment the money I make not nearly compensates for the timing I invest – so good thing I really enjoy what I do for Graphic River so it’s a great hobby which pays a little
Let’s do some simple maths, let’s take an optimum situation: I’m a super awesome ThemeForest author and I made $1000.000 during my first two years here:
Envato keeps between 25 and 50% depending on my status. So we’re down to somewhere around 650,000 by the time I reach my first million.
Getting the money into my bank account skims off another 3 to 5% so we’re down to 620,000 or so.
If I’m so successful I will need support so a probably have to pay at least 2 probably 3 persons (minimum) full-time. Say at $1000/month each. So we’re down to $550,000 roughly.
Then comes the taxman and keeps close to half of it because I earn a lot of money, we’re down to 300,000.
Spread that over two years, 150,000 a year – you make a good 10 grand after-tax
That’s great! But that’s only the top three authors of all marketplaces, maybe, in that ideal circumstance. So if you’re fantastic, but not top three, maybe you make half that? Or maybe a third? I would estimate that most very good learners make maybe 10 to 20% of that – if they’re highly successful here.
Now if you live in Europe, have a car and mortgage, anything less than top 10 earners on the market places won’t really hack it.
If you live in Latin America or Asia there may well be countries where that sort of money has a lot more buying power.
So I think it really depends on where you live, and what kind of living you have to make, whether you can afford to be a full-time author. In most cases I would say that unless you are highly successful on ThemeForest it wouldn’t be worth the short – at least where I live and with the family to support.
At least that was my calculation when I decided that this would be my hobby, not a full-time gig
Anyone else make some math?
There are ways to pay less taxes, when you’ll make lots of money you can hire someone that does this stuff and you’ll find a way to not pay almost half of the money as taxes. In my country I’d pay like 24%, so if I’d become an elite author with 10 sales a day(elite authors usually get way more), it’d be:
40 * 10 (I chose 40, standard themes) = 400. 30% goes to Envato = 120. 280 daily for us. In a month, that’s $8400. Bank taxes get some money, so let’s say we end up with like $8200. Paying 24% taxes(I don’t own a company so the taxes are lower for just a ‘freelancer’ business), I’d end up with like $6200. That’s around 4800 euros. You can live with that money anywhere you want in Europe. And you can offer the support yourself if you have 10 sales a day, guaranteed. Of course, you can get even more, there are lots of authors outside top 10 that make $10,000+ each month.
And, you can’t really compare the way you work for Envato vs full-time jobs. On Envato you work when you want, how you want, do whatever you want. If you work 8 hours a day for Envato, surely you’d get at least 3x the amount of money above. And, you can always invest some of the money you get from Envato in something else in order to maximize the profits.
Just my 2 cents
Interesting math from you. And here is my story:
I have another full-time job and here i upload something only when i have a time. Also i have a lot of sketches rejected by the advertising agency i work for, so i can just impove those works a liitle bit and post here. That’s the way i made this item for example http://audiojungle.net/item/bangbang/2590653 In the beginning it was made as a music sketch for Nokia Lumia viral ad. So for me AJ is additional method to sell my music, but not the main one. In the future i plan to make my work here closer to full-time
I Started part time as a dare, but it kinda took over, so this is all i do.
Gets quite lonely and I’m wondering if I’m going slightly nutty, guess we’ll find out in a few months time.
If I think back on all I’ve done and everywhere I’ve been and all that’s happened to me in my life, and to where I can go to if I want and what I can do if i want to, there’s no other place that i’ll rather be than just here, right now right this instance.
@Net labs, You did a grat job! Congratulations!
Yes, I’m working full time making themes for ThemeForest, since a month earnings here is worth three times a 3-4 months long projects here in my country
Starting to work at Envato, even if its been only 9 months for me, is when my life changes completely