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I currently love my job as an electrical engineer designing CPU's. I still remember placing one affiliate link on one of my pages early last year. A few months later I decided to check the stats - I noticed one sale and $8.38 commision. I still remember the feeling of "I can't believe this actually works" - then of course your mind starts to wonder about how to get more!
I used Brett's 26 steps and after a year my site is getting around 500 unique visitors a day. Over the few months I have generated close to $300/month in affiliate income with about half coming from my site, the other half is PPC directly to merchant sites.
I work on the site a few hours a week (~5hrs per week). I do read several posts of people who seem to eat, breath, and sleep affiliate marketing - kudos! I just wanted say affiliate income is possible part-time. Thanks for all the help and my all our stats continue to improve :)
So if it's about the ideas and not the time, I reckon you could do really well even if it is only part time. The more ideas you out there the more chance AM is going to bring you in more money - just keep belting those good ideas out and though you may be part time, the ideas will still make money so what difference does it make.
You might be able to make a right packet just working a bit a day, some people have.
One thing I have been debating with is that which one is better: to run an affiliate campaign? or to run contextual ads where each click may earn you .60 cents or more.
With amazon in order to earn .60 cents your visitor must spend around 12 dollars so you can earn 5 percent.
What do you think?
surely online marketing is possible and I believe this is the future of the business, in the most part of it.
It depends entirely on the niche you would like to target. I run a combination of contextual ads and affiliate stuff. I have chosen a competetive market that pays upwards of $2 per click on contextual ads and a high payout per lead on the AM stuff.
The difficulty is competing successfully in such a market. You need to research your niche and find out what would work best for you.
As with many others I have been inspired by other post here from the likes of rfung and incrediBill. Thanks.
Because of my experience with web sites and search engines I know that part time work can lead to full time income, with minimal investments. I only pay for domains and hosting and use my SEM skills to get traffic. My income is steadily increasing since I started and with sites that build themselves through user inputs that will continue.
If I ever start making a full time income off this I may consider leaving my current position, but we'll cross that bridge when we get there.
But I'm doing as much as I can part-time and hopefully in a year I will achieve AM income stability to quit dayjob and still pay my first mortgage which I just got.
I cannot get rid of this nasty habbit - I'm too used to spending time at the office - in front of my CRT monitor up to 3 a.m. - normal people enjoy their lives and sleep good, have fum with friends, family, travel, go camping, whatever. But like I said, I see AM is the road to freedom for me and I will succeed!
I see AM/AS as a way to achieve something as close to winning the lottery as one can short of actually winning it (or inheriting Bill Gates fortune or marrying Paris Hilton). I've read somewhere that every single person that has won the lottery and said "oh this won't change much about my life - I still intend on working my job/my business" ended up not following up with that statement.
Sure I like programming and I like the challenge - but when it's set by someone else (be it a boss or a client) there are times when you really truly wish you didn't have to do it - working in AM/AS gives you that choice.
So, forgive me if I think it's a bit silly to only strive for part time income from part time AM/AS, because it's possible to do full time income (and MORE) from part time AM/AS. When you realize that you can be making close to or as much as your current salary while working 1/10th of the hours (even if initially it may actually be a lot more), I think a switch flips in your brain that tells you it's just not economically sound for you to be working a regular job, especially one where you're trading your life hours for pay.
With AM/AS, you may spend 10 hours of your life doing a site that will pay hundreds of times over its lifespan what you put into in those 10 hours. That equates (for instance in the case of my best site) to being paid something ridiculous like $1000+/hour I put into that site.
Let that sink in for a minute: One thousand Dollars per hour worked.
For that kind of money, I would scrub 5th avenue with my tongue on an hourly basis :) Building a website seems like an easier more hygienic option though.
Who said anything about settling for a few hundred per month. Currently I have a great job, 2 children, and another due this week! Trust me, my mind thinks something very similar to your post. I hope to someday reach the numbers your talking about - I just have to be a little more patient. I do not know if you are married, but life changes a little when you have a family - actually a lot:) If I were single or back in college than maybe I would consider a different route. The point of my post is AM is still possible for someone willing to put even a few hours in a week. Don't fear my friend - my goals are quite grand!
I spend most of my off-time hours in front of my home computer working on my own sites and thoroughly enjoying what I'm doing. I think about the people who are involved full-time with their sites and imagine that it would be nice to not have to go into work each day. But if I really start thinking about quitting my "day job," I come up against a wall--My day job involves cancer research, and isn't something that one lone person can do at home. It's also something I consider pretty important, and I think I just might be disappointed if I left it for full-time website work right now, even if I'd make more money at the latter. So for now, I'm dealing full-time with my eccentric boss and university politics while working, networking, and writing "on the side" for my websites. I may change my mind at some point, but not today.
IMHO, everyone has their own intangibles, whether it's personal freedom, security for the family, or hating to leave something that truly is a great job. For some people the intangibles will come down on one side of the "should I or shouldn't I?" question, and for some people on the other. Or, possibly even more likely, that decision will change over time. But isn't it great to have the possibilities?
So, even though I'm not looking at a fulltime internet-related "lifestyle" right now, I very much appreciate all the inspiration I get from those fulltimers who share their insights and motivation in this forum! I keep learning more all the time and, who knows, maybe one day...
I have always been a little too nervous to quit my day job in favour of AM due to the continual ups and downs related to AM income.
Same here. It's nice to have benefits and health insurance paid for and work with people in the office but in the back of my mind, there is that little voice that keeps saying just go for it, imagine what could be accomplished with real focus. Right now it's like having 2 full time jobs but it does pay off.
There have been a lot more ups than downs but it seems so fragile, especially since so much is dependent on AdWords.
I currently love my job as an electrical engineer designing CPU's
I'm too an engineer and work AM/AS as a hobby. The main reason I do AM/AS is that I have too much free time. I just work four days a week as an average for my full time job. I can say that my AM/AS income is higher than the pay for some of my colleges. Doesn't matter how much I make from this hobby, I won't quit my day job.
Without my day job, I'd probably go crazy. Of course, I'm not in the position to quit and do this full-time. Who knows, maybe my thoughts would change!
As a full time web developer, i'd rather not spend hours at work then hours at home doing the same thing... there's only so much html I can take. My way of thinking is that AM is my way out of full time web development and will let me enjoy the things I'm interested in like photography, giving me the time to learn and do it properly.
I don't have the initial spare cash to invest in PPC but I do have web space, web dev skills, so I'm building up slowly to a point where hopefully the sites I run will bring in enough income to get me going properly with the more lucrative schemes. I also need the security of a regular income, but hopefully that situation will get better and I will be able to afford to do AM full time... well by full time I mean a few hours a day... and still earn a decent wage.
I know AM can work, and I know with time and effort it will work, but for now I have to work with what I can which should hopefully provide a good launch pad when things to start to gain momentum
I despise the people I work with and a monkey with its head in a sack of bananas could run the place better.
But, I am still too nervous to go with the AM full time. I would love to sit in my office at home and tap away on the keyboard all day/night. IMO the internet is too unstable to rely on unless you have a finger in many different pies which is what I am currently aiming for. When it happens I will quit my 'real' job. I can't wait for that day to come.
Would love it if an experienced member would take me under their wing for a bit and teach me how to fly.
If you are making $600 from one website then you are very close to flying already. I would think you are making a lot more than most people who have just started out in aff marketing. Replicate what you are doing but in a different niche and you should double your money. Be careful with doubling the adwords expenditure. I have seen a lot of posts on various forums along the lines of "I just spent $100000 on adwords and only only made $5 profit. Where did I go wrong?" You are on the right line.
Keyword once in:
Alt Tag on image
1-3% spattering throughout body copy.
Thats about as far as I would go with optimisation. Any more and I think you would be rocking the boat. Over optimisation works great in the short term but just wait til the next update and your site will disappear.
I would rather have to go get a part-time job doing something I enjoy to supplement my web income than vice versa.
Another thing to consider is what it will be worth to you NOT to have to work for someone else. Honestly, I think of that as a benefit as much as I do insurance, etc. Sure, there's risk, and though you can't avoid it, you can at least manage it. I have a goal in mind of a certain number of months worth of 'bills' in the bank before I take the plunge, and so if the bottom falls out, I'll have enough set back to make it until I find another job.
Not to be corny here, but I read an awesome quote recently. It said something like: What can you do and lose track of time? Find a way to make money doing that and you'll never have to work again.
I love that, the point being of course that if you do what you would normally do for free anyhow, you're not working, you're making money having fun.
Admittedly, those of us with families have responsiblities and can't just impulsively leave our jobs because it's not the perfect occupation, but also I have to think to myself: I'm thirty years old. When am I going to take a risk and try doing something I love if not now? Am I going to wait until I'm 60 and think, Man I wish I would have at least tried that.
I'm typing in a hurry, so I'm sorry if the grammer is mangled here, but you get the idea. At this point in my life I would even like to be able to say that I struck out on my own and didn't make it, other than going through the motions every day and thinking, "Man I wish I had the balls to try something different."
Ok guys, rant/sermon/oration/bs/etc is now over.
Here are my thoughts about the whole thing. Maybe someone here can relate to it or get something out of it.
I started working in aff mktg about 1 year ago with the idea that it would eventually be my full time gig. I have owned several business in the past. Although I never made that much money at them, I was always happiest working for and relying on myself, rather than for someone else. So my goal has always been to find something that I could do on my own and make a living from it. This was and is a key motivation for me and aff mktg seemed to fit right in.
For the past 5 years (at my day job) I was in sales and/or marketing for an online company. I earned a living while I learned a ton about ecommerce, running sites, etc. My boss was lame and I have been burned out on the whole thing for a couple of years, but I stayed with it for the paycheck and security. (I was married about 4 year ago which as another post mentioned changes everything.)
In Jan. 2004 I started trying to learn about aff mktg and spent every free moment reading webmasterworld and other things. Then in June I started my company and gave it a shot. I lost money but learned a lot. I listened to a lot of smart people here and tried to improve. Finally by September I was making a little money and starting to get more confidence. I thought about quitting the day job. But even though I was totally sick of my job, I knew that I didn't yet have enough skills or knowledge to make a living at it.
Weekdays I would work 8-10 hours at the day job and then another 2-4 at night depending on how much my eyes could take. On weekends I would work 10-12 hours/day too, plus I held/hold a couple of volunteer positions, so eventually I found that I had worked about 12 hrs/day for a solid year. My eyes burned and watered all the time, I was frustrated, I couldn't sleep, I had little or no social life, and was too tired to have fun with my wife. Something had to give.
So last November I told my boss that I was so burnt out that I was either taking a couple of months off or I was quitting. (Part of my motivation was to see if I could ramp up my aff business enough to live on.) I got two months off from work and then worked full time at my aff business. I loved it but I still wasn't making enough money. Eventually my boss called me and I could tell that he really wanted me back at work so I half-heartedly agreed to come back if he would give me a 20% raise. He did and so I was back to work, but my heart was still in my aff mktg business.
My boss knew that I had an aff mktg business and was always picking my brain about it. I was getting more and more frustrated by the day job, but the final straw came when my boss wanted me to start setting up affiliate programs for them. I did one, and I saw that *my* knowledge and *my* hard work was making *him* about $10k/month. That was the final motivation I needed to realize that I could do this full time. I finally realized that it was actually costing me money to work there--money that I could be making in my own business.
So like I said, a couple of weeks ago I told my company that I was leaving. They were shocked and they realized how much money I was making them. I realized that I was selling my knowledge too cheaply. Like rfung said earlier:
When you realize that you can be making close to or as much as your current salary while working 1/10th of the hours (even if initially it may actually be a lot more), I think a switch flips in your brain that tells you it's just not economically sound for you to be working a regular job, especially one where you're trading your life hours for pay.
Those are very true words and "trading your life hours for pay" is one of the best motivations to examine your whole life, not just relating to aff marketing. We are all like prostitutes selling our bodies and skills to the highest bidder. That's not the life I want to lead anymore...If I'm gonna be a prostitute then I want to be my own p*mp ;-)
For me part-time only worked up to a point. I consider it like my apprenticeship. I found that I couldn't get done what I needed to get done in only a few hours a night. I needed balance. I needed time off. My eyes still hurt and my vision was getting worse. On top of that my aff business had really stagnated. I had tons of ideas but not enough time to implement them.
Anyway...I'm super happy doing this now. I still work about 10 hours a day (but I usually take weekends off now) but it is for *me* not for some company who would just chew me up and spit me out, steal my pension, go bankrupt, or any of the other fashionable things that companies do now days.
So I guess my point is, if you like what you do at your day job then fine stick with it. Everyone is not comfortable running their own show. If you can make a little extra on the side through aff mktg then go for it. Just consider it a second job like delivering pizza or something.
But...if you're frustrated at your day job and really want to do something different then I think aff mktg is the way to go. Other than being a rock-star, movie-star, or pro-athlete, this is the best way to make tons of money for a "regular guy." After you get something set up then it tends to just go on auto-pilot. I love looking at my accounts and seeing that I made money and didn't do anything. How else other than winning the lottery or getting an inheritance is that possible?
Just like any business you have to know what you are doing or you will get your butt kicked. This is not an easy business and most fail at it because they think that it is a path to easy riches. Like most things in life, what you get out of it is equal to what you put in.
-Learn all that you can, read all that you can, and if it is right for you then you will know it.
-If the time comes for you to go full time then you will know it.
-If you are questioning whether or not you should go full time you are NOT ready.
-If you are looking for complete strangers on a forum to tell you that you should go full time then you are NOT ready.
-When/If the time is right, you will know it. Then go for it and give it all you've got! Good Luck! :-)
excellent post brizad...thanks for the motivation
indeed. Incredible post brizad. Thanks for writing all that. :)
Lots of people at WW helped me with their insight and tips, and I think its only right to pass on what I've learned. We can and should all help each other to grow and prosper. It's a big pie and there are plenty of slices for everybody!