The Lean Startup Movement – Eric Ries’ highly influential book The Lean Startup is the blueprint for building new business models and products by engaging directly with customers in the process of building your business. The Internet makes it very easy to create your minimum viable product (MVP) and then get it in front of an audience for feedback.
While any “regular” job requires you to be at work to make money, affiliate marketing offers you the ability to make money while you sleep. By investing an initial amount of time into a campaign, you will see continuous returns on that time as consumers purchase the product over the following days and weeks. You receive money for your work long after you’ve finished it. Even when you’re not in front of your computer, your marketing skills will be earning you a steady flow of income.
Jerod Morris: And like you mentioned earlier, that’s what we’re doing with folks in Digital Commerce Academy. Hey, I wanted to ask you a real quick question here in closing. Obviously, you developed one of the first courses in Digital Commerce Academy, your course on courses. It was the first time that you had dug into that material in a while and put it into a course. How’s that experience been for you putting that course together and working with that material again?
I’m a full-time freelance writer, which means that if I’m not working, I’m not making money. Working as a freelancer means having the freedom to be the one to stay home with a sick kid, but it also means a tremendous amount of stress because I’m trying to maintain normal business hours and run every aspect of a functioning business, from marketing and content creation to the backend work of taxes and expense management, sometimes while holding a small child’s puke bucket. I have interviewed celebrities while changing a baby’s poopy diaper and it’s not always easy to feel like the professional I am.
The numbers show that this story is far from the exception. In another Pew survey, 47 percent of dual-income parents agreed that the moms take on more of the work when a child gets sick. In addition, 39 percent of working mothers said they had taken a significant amount of time off from work to care for their child compared to just 24 percent of working fathers. Mothers are also more likely than fathers (27 percent to 10 percent) to say they had quit their job at some point for family reasons.
How much time would it realistically take for you to build an affiliate network from scratch? Do you have someone on your team to oversee this initiative by forming relationships with publishers, handling disputes, troubleshooting technical problems, and making sure that payments are sent on time? Do the anticipated returns justify the invested time?
Don’t go too broad — Earlier, we mentioned that a benefit of affiliate marketing is that affiliates get to choose the products they sell. Because affiliates are building out their brands, they shouldn’t cast their nets too wide. There are affiliate opportunities for everything you can think of: technology, fashion, health, fitness, and even dog training. If you’re trying to get into affiliate marketing, try and stay relatively within a certain niche.