Paid Marketing Efforts
$0, (No activity).
Once again, no CPA or paid affiliate marketing was attempted this month. I said I was going to work on my long term projects and that’s what I’m going to stick to for the rest of this year.
Sticking to Long Term Projects for 3 Months Minimum
I’ve always had a bad habit of project hopping. Basically jumping to a new project that comes to mind and ditching the old project completely before I even have the chance to build and test it.
This time, I’ve made up my mind to stick to my long term projects for a minimum of 3 months. The catch is to give 100% effort towards these projects and re-evaluate after 3 months.
I’ve realised it takes time to get things rolling and there’s a ‘tipping point’ that comes into play at some stage of the project.
So, for the rest of this year I’m dedicating myself to a project I’ve had i mind for ages. I’m not going to disclose too much at this point but it’s a mix between list building and giveaway sites. I’ve understood how powerful email can be and I want a business that allows me to build massive email lists with high open rates.
This is something I do in my spare time. When I’ve done all the critical tasks for the above project for the day, I work on this small side project.
I’m going about it much differently though. See, with most of my projects, I’d work on them myself even if it took me months to complete. I’ve realised how valuable my time is and this time around, I’m forcing myself to outsource 90% of the work.
Even the updating and maintenance of this website is going to be outsourced making it hopefully, (100%), self managed!
The catch with building websites as projects is not so much the building stage. We can always get that done somehow whether it be ourselves or someone else. The main challenge is to bring visitors to that page.
You should always aim to build a small following of dedicated visitors. This is normally an email list of 200-500 people that I can continuously email with updates and just basically keep connected to the website.
This is where my paid advertising experience comes into play and I’ll spend $100 – $200 or so gathering this initial list of people. This is VERY important. You don’t want to have a beautiful website up and ready for people with NO people visiting it.
Bring traffic, get their email address and then you can build on that website/project.
Monetising email Lists
This has been one of the biggest current challenges for me.
Building email addresses are easy. Make a competition with a niche specific, highly desirable product and drive targeted traffic via FB advertising. Basically follow the same principals of my Facebook/Teespring Tutorial Videos.
I can get 10 – 20 cent opt ins easy.
What’s hard is to get these new subscribers to BUY from that list. Often, I’ll draw someone out and announce it to the list that so and so has one. Then I’ll send out an email with an affiliate link of the product. Usually the revenue from people who buy the product will be enough to cover the list building costs but then what?
This is where things get tricky. You now have to convince them to open their email again and again, every now and then pitching a product in the most subtle way you can.
I hate it when I don’t know something and that’s why I’m dedicating myself to my long term project so I can learn how to monetise a list as best as it can be monetised.
Teespring Booster Courses
August was the first full month these courses have been available.
They brought in about $700 of my revenue for this month which isn’t too bad considering I barely advertised them.
For the most part, it was an experiment to see if the whole, ‘sell courses on your blog’ thing works. It’s also a good place to point people if they want to learn the ins and outs of my Teespring business even down to the exact campaigns that have made me money.
I like these little experiments. I’m sure one day, I’ll stumble upon something with huge potential.
Amazon Kindle Publishing Experiment
I somehow stumbled upon the below youtube video of James Altucher interviewing Steve Scott on his Kindle Business.
$40k/month is huge money so as you can imagine, curious little me had to watch it and give it a shot.
A business like this requires you to write, write, write and write some more. I think Steve mentioned that he aims to write 2,000 words a day. I was writing around that when I was writing up my courses.
It’s a lot of brain work but if you know what you’re talking about that it will flow out easy.
Anyway, I quickly wrote up a 3,000+ word eBook and threw it on Kindle. The results? See for yourself,
About 21 sales so far in 2 weeks which isn’t too bad!
Assuming I’ll get better at this, I can see how this method has the potential to bring in some serious cash if you focus on just pumping out ebooks, building lists, getting reviews and making a process out of it.
2 years in of 2k words/day and you should be on 10k/month easy!
I’ll probably get into this if my long term projects don’t work. All in due time though. I’ve sidelined Kindle until I’ve finished with my long term projects or else it’ll split my focus and doing too many things at the same time is NEVER a good thing.
Need to be Learning New Things
The most important thing in my business to me besides the obvious, making money, is to be continuously learning new things.
This is why Teespring suddenly stopped becoming appealing. I’m not learning anything new but I have the skills to take that Teespring knowledge and build on something that will take me to the next level.
As long as you’re learning, you’re doing things right. The money will come. If you look back at the month and are impressed at how much you’ve learned, that’s the path you should be on.
Unless you’re making tonnes of money doing the same thing over and over again and you’re happy with that for the time being.
Only Working 3-4 Hours a Day
Unlike most other affiliates who seem to work long hours, I aim to work 3-4 hours/day. These hours are 100% work though. No distractions.
I feel that as long as I’m consistent I’ll build on things. I’ve always burnt myself out working long hours and although it works for the short term, in the long run you need to do something you’re comfortable doing for months on end.
The rest of the day I go gym, prepare my healthy meals, see friends, go boxing and generally keep physically and mentally healthy.
I’m in my mid 20’s now and my body isn’t recovering as fast as it used to. This was a wake up call and I decided there’s no point having you’re own business unless you’re able to enjoy the free time it SHOULD be giving you.
If you’re working 12 hours a day, then what’s the point?
Most of this month has been just working on my long term projects. I’ll disclose more when I get things rolling so you all know what I’m up to but for now there’s not much to say.
For the next couple of years I’m dedicating myself to build a solid 5 figure monthly income from long term projects. This might take a lot of time, but I know I’ll get there as long as I’m focussed.
Hope you all are killing it.
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