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Holy shit, I think I'm having a mental break-through. Thanks to everyone in this forum, including @zend***phin and @Laverdure @MJ DeMarco and more. It seems failing fast is great and easy. Once you lose your fear of spending money, you can test out different ads on different platforms. Right now I'm testing out some ads on Facebook for an ebook idea I have. We'll see what the people think of it.
And for affiliate marketing, it seems getting a start is really easy! Here's a quick example:
1. Go to buysellads.com and browse the websites selling ads.
2. Find an affiliate product that would go well with a particular website. Alternatively, you can choose to work backwards by finding an affiliate product and then choosing a site that would suit the product well.
3. Create a banner ad, make sure it's easily visible and above the fold.
4. Choose the cheapest option and let it run. See what the results are.
5. Analyze. For example, if I spend $100 for a 30-day run cycle, and I end up with $30 in commission revenue, I need to test again to see if I can improve that ratio. Keep trying until I reach more than $100 in revenue for $100 spent.
6. Begin to scale up and continue tweaking to improve your ROI ratio.
7. Profit.
Then, if you can make money with affiliate stuff, it's time to create your own product, after testing it out, and then repeat the whole process.
Now, one question to people: How do you tell when the product and audience don't really fit? Example: when do I know that my optimizing efforts won't eventually turn a profit?
It all just seems so easy now. I understand it's a process, but the process seems totally doable now. Within reach. Not impossible.
And for affiliate marketing, it seems getting a start is really easy! Here's a quick example:
1. Go to buysellads.com and browse the websites selling ads.
2. Find an affiliate product that would go well with a particular website. Alternatively, you can choose to work backwards by finding an affiliate product and then choosing a site that would suit the product well.
3. Create a banner ad, make sure it's easily visible and above the fold.
4. Choose the cheapest option and let it run. See what the results are.
5. Analyze. For example, if I spend $100 for a 30-day run cycle, and I end up with $30 in commission revenue, I need to test again to see if I can improve that ratio. Keep trying until I reach more than $100 in revenue for $100 spent.
6. Begin to scale up and continue tweaking to improve your ROI ratio.
7. Profit.
Then, if you can make money with affiliate stuff, it's time to create your own product, after testing it out, and then repeat the whole process.
Now, one question to people: How do you tell when the product and audience don't really fit? Example: when do I know that my optimizing efforts won't eventually turn a profit?
It all just seems so easy now. I understand it's a process, but the process seems totally doable now. Within reach. Not impossible.
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