With my Raw Challenge almost over, it's time for a new one.
This time, I gotta get my affiliate marketing game on and there's only one thing to do and that's,
Launch more campaigns
I've been playing it slow for the most part of last year and subsequently there's no surprised I've had no crazy profit or crazy loss days.
It's just not as exciting working on this long term stuff all the time.
So while I'm running my blog and my other side hustles, I'm going to back to what I do best and that's launch tonnes of campaigns.
I'm going to be launching 5-10 campaigns every week day and spending about $30 on each. Sometimes I'll spend less, sometimes I'll spend more. It depends on the results I get.
I've got accounts with PPV, PPC and social media traffic sources. I've got accounts with most of the top CPA networks and it's time to get in touch again.
Back in the day, I'd launch all kinds of campaigns. I'd find little gold nuggets here and there to the point where I'd be making a healthy profit.
I'm going to be launching all types of campaigns and blogging about the results. How much I made, How much I lost, what I think my angles should be, even sometimes, what offers I'm promoting.
It's going to be a great way for you to get an insight into how many affiliate marketers run their business. For the most part they launch campaigns like mad man with little regard for their spend. They're still calculative, but they're not afraid of spending 10k on a campaign to find out valuable information that can potentially earn them 10 times that money.
Affiliate marketing is all about spending money to learn more about how to make money. If you're not willing to spend, you probably won't see much success.
Naturally, there will be plenty of failures. It's not uncommon to lose my whole spend which will be around $3,000 on campaigns without seeing any profit at all. I've done it before.
I've gone a whole 100 campaigns without seeing a profit. This is just how the business works.
That's why you have to be a damn good saver in this business. You can't do this on an empty bank account. You might get lucky and make some money but make sure you save a big chunk of that. You don't want to be in need of thousands of dollars to scale your campaigns which you just don't have.
If I didn't have my 20-30k saved in the bank when I needed it, I would definitely not have made my 143k in 2014. It comes down to many factors and knowing how to save is one of them.
One minute your swimming in money, the next you're cruising through the next three months with 0 income.
Affiliate marketers keep going knowing this. They believe they'll find their gold mines. They know that their losses are capped at how much they're willing to lose but their winnings are uncapped. They can scale them to the moon and back and for that reason, over the long run, there will always be a healthy profit at the end of the rainbow.
So stay tuned for this new challenge. I'll be starting it in February some time. For now, I'm getting in touch with my Network Managers and Traffic Source reps to get some information on what's working out there.
Let's see what happens 😉