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So, very similar to Kurtyordy I've decided to get into affiliate marketing. Here is where I will lay out my goals, plans and mindset.
Affiliate marketing works for me for several reasons:
Ok, so I've outlined the reasons why I'm moving forward with my affiliate marketing plan. Because I am so analytical I plan on documenting everything that I do so that I can build processes. Maybe not the initial stuff, but more importantly, the repeatable tasks. From when you first start researching a niche of choice all the way to maintaining a PPC campaign and building your SEO. From the very beginning, I will be keeping 'fastlane' in mind. Not so much the rapid growth per se (not at first anyway), but more in the idea of making everything scalable. I do not want to limit myself and the goal here is to FREE up my time so that I can stop the J-O-B and enjoy my time BEFORE I retire.
This is definitely further down the road but my ultimate goal would be to outsource all of the repeatable processes, implement a system of checks and balances to hold the separate departments accountable and set up a reporting system so that I can check in on everything from a bird's eye view.
And this is only the beginning. If I can use affiliate marketing to replace my job, and then leverage my time, I can only increase my wealth exponentially at that point.
So What Now???
So I've picked my first niche. It is a true niche in that it is a very targeted market and it is a 'needy' niche as well. My initial urges are to go all out with multiple niches but I want to stick with one at first to get used to the process. I'm pretty sure I can make some money in it. It seems to be relatively low competition but there are already some PPC ads so that indicates that some affiliate marketers are making money. I've begun collecting forum URLs for market research. I've bought my domain name which is keyword oriented and I've begun building my keyword list.
When I start to make some more progress, I'll start a thread in the progress forums.
Affiliate marketing works for me for several reasons:
- I am very analytical - I have a very analytical mind. I can see myself hovering over data like page views, click through rates, bounce rates, and totally loving it. I've always been a strategy gamer and tinkering with numbers and changing my strategy based on them sounds like fun to me!
- Low entry cost - Hey I have 4 mouths to feed. I can't afford to eat on ramen noodles, living out of a studio apartment for months to years on end so I can get a startup off the ground. That's my choice and I own it, so I'll have to adapt to it too.
- Great introduction to internet marketing - This will be a great way for me to get my feet wet and get into internet marketing which I believe is where the future of business is. The thing is, I actually have tons of ideas for internet marketing. All of which I've been storing in a spreadsheet for the last few years. Some of it requires cash. Some of it requires proprietary coding. With Affiliate Marketing, I can get into the industry and start to learn the basics with low cost. If I build enough wealth and keep re-investing the money, I can start to build upon my other goals in business.
- Great way to develop passive income while working full time job - I will have to keep my full time job (50 hrs per week), so that my wife can stay home and take care of our two kids, but I can work on my internet business during off hours and basically replace the time that I waste playing Wii or watching Lost. It's definitely worth it....
- I love selling and marketing - Wow, am I ever passionate about selling. I work in sales at a call center and that is selling in one of it's more raw forms. I love the psychology of why people buy which leads to....
- I Understand real value when it comes to making buying decisions - I know the definition of real value. By studying my market I can learn their problems and needs. Then if I deliver in solving those problems or fulfilling those needs then I will be truly serving my market of choice.
- It will be a great motivator to DO something - We all know it here: it all starts with ACTION. You can brainstorm all day long, but if you don't do something you will always stay where you are. To me, affiliate marketing is more achievable from where I stand. I know it will be hard work and profit does not come easy, but it is achievable given my resources of time and money. I know that with enough work, I can see results. If I see results then I will only feel more motivated and then after long enough, I will be so used to DOING that it will be my nature to always be a DO-er, not a thinker.
Ok, so I've outlined the reasons why I'm moving forward with my affiliate marketing plan. Because I am so analytical I plan on documenting everything that I do so that I can build processes. Maybe not the initial stuff, but more importantly, the repeatable tasks. From when you first start researching a niche of choice all the way to maintaining a PPC campaign and building your SEO. From the very beginning, I will be keeping 'fastlane' in mind. Not so much the rapid growth per se (not at first anyway), but more in the idea of making everything scalable. I do not want to limit myself and the goal here is to FREE up my time so that I can stop the J-O-B and enjoy my time BEFORE I retire.
This is definitely further down the road but my ultimate goal would be to outsource all of the repeatable processes, implement a system of checks and balances to hold the separate departments accountable and set up a reporting system so that I can check in on everything from a bird's eye view.
And this is only the beginning. If I can use affiliate marketing to replace my job, and then leverage my time, I can only increase my wealth exponentially at that point.
So What Now???
So I've picked my first niche. It is a true niche in that it is a very targeted market and it is a 'needy' niche as well. My initial urges are to go all out with multiple niches but I want to stick with one at first to get used to the process. I'm pretty sure I can make some money in it. It seems to be relatively low competition but there are already some PPC ads so that indicates that some affiliate marketers are making money. I've begun collecting forum URLs for market research. I've bought my domain name which is keyword oriented and I've begun building my keyword list.
When I start to make some more progress, I'll start a thread in the progress forums.
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