Quote: (11-04-2012 12:34 PM)w00t Wrote:
Quote: (11-02-2012 04:25 AM)SelfPaid Wrote:
Quote: (11-02-2012 02:22 AM)w00t Wrote:
Affiliate marketign works but it can take months for sites to rate well and till you have figured out your website in a way that it converts. For me it took over 6 months to make money. And after 2 years the vendor decided to close his affiliate system and I was SOL.
You're better off creating your own info product and having affiliates sell for you. Why would you be selling other ppls shit if you can sell your own and make way more money?
Or online freelancing which gives you a small income pretty much instantly if you have some skills.
That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.
still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.
I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.
I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.
1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?
2. What does the average site make Per Month for you ?
I made about 100€ a month with my site, completely passive and all organic traffic. Start up costs were less than 100 dollar as I made eveverything myself.
The problem with affiliate marketing IMO is you're too dependent on third parties.
If you rely on organic traffic and google changes their algorithm ... youre fucked.
If your vendor decides to close the affiliate program ... youre fucked.
If you can sell other ppls stuff you might aswell build a list, create a product and sell your own stuff. That way you're less dependent on other parties AND you get to keep all the profit.
Exactly that was the Problem I don't do Online Bussines anymore but If I would do it I would be the one in Controll I sold physical Products and had to change thing's everytime a vendor dissapeared it was just giving my head ache Now I don't talk to anyone except Business Partners and Friends and I don't need anyone to make Money except my Brain and Internet acces no custumores no staff at least not on a fixed salary the only Time someone get's paid is when he makes a profit fore me but then it's 25 % of the Profits which is a Win Win Situation fore both since I have the Risk.
Selling you're own stuff is great and I have respeckt fore people who can pull that of I know people who are highly succesful doing that but it's just to much Work, Risk (insert excuse) fore me.
I am just more Investor and Trader than Entrepreneure ore Manager I like to Invest into what works I Love systems and creating them fore my Life and I Trade what I know that makes me Money maybe that is a weakness but diving into starting a new Bussines ore actualy managing one is not my thing.
I been there worked my ass of and still went broke after making other people more Money even my business plan didn't help That my employes where scared of the google update but now I know.
I prefer sticking to the more boring things that work Buy Low sell high invest in casflow positive real estate look at Land development's I don't do this things yet except Trading, but I am working Towards that and Learning the things I need to Learn and geting to know the people I need to know to implement it succesfully.