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Tuesday, 06 March 2007
Following on in my mini series of deciding which ideas are the most profitable, you have to allocate your time effectively if you are to get anywhere in this industry.
Here's how.
FOCUS
You have to focus on the task in hand. You have to stop being lured off to do other things.
If you run a website, stop being lured by wild claims that buy buying a $97 e-book, you can have more traffic than YouTube.
As time goes on, you become more aware of what is feasible and what is not. When you start out, you are willing to listen to anyone - you know no better. As time goes on, you become wise to who you should listen to and what you should believe in.
DETERMINATION
If you are determined, you are more likely to succeed. If you expect to make money with a site you launch and leave (the throw and stick approach), you are most certainly not determined to make money from that site. You are not dedicated to it.
Successful affiliate marketers focus on the job in hand, they are determined to make it work and they put the effort in.
TIME IS MONEY
At the end of the day, this is a major factor. Time is money. Time costs money but time earns money.
When you develop a site, you put hours into it. Each of these hours is an hour you could have allocated to something else.
Sometimes, you cannot afford the time and then outsourcing becomes realistic. If you value your time at £20 per hour, and can outsource web design for £20 per hour, it is a sensible decision IF you need to spend your time on something else.
It is a case of offsetting time and cost.
I mentioned that time can earn you money. Once you have established a profitable website, for every hour you (or your outsourced labour) put in, it will generate a sum of money.
Anyone can throw up a site and make pounds from it. You can set up a site about a particular book and place Amazon ads around it. It will generate a few pence, perhaps pounds but it won't make millions if you do not put the time and effort in.
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Technorati tags: money, time, revenue, website, affiliate
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