The 5 year plan to £50k

86JR · 29 Jul 2014 at 02:44

KaHn said:
Haha, your average over the year must be pretty average? And I'm not trying to prove how much I earn here.

KaHn

It is not super high, but including the rent I pay to my parents (and I actually like living at home (and I can afford an apartment but would never use it)) all of my outgoings are only £800 per month. Rent, bills, car insurance, mobile phone, internet, spending money, food. Add a bit more for clothes and cigarettes and windscreen wipers

I don't drink and I don't do drugs, so really I only need £1k a month after tax to live on comfortably.

Mynight · 29 Jul 2014 at 02:46

Do you have a day job as well then?

KaHn said:
Maybe we should try and get affiliates of those? a small %age of a big total is still good, right?

Lol yes! Whatsapp didn't even reply to my invoice for £1 billion for using their app

Tefal · 29 Jul 2014 at 02:47

im still confused

KaHn · 29 Jul 2014 at 02:48

You're promoting this as a way to earn considerable money yet you still live at home? I think I'll still give the same advice I give to all when it comes to this sort of thing, work hard and move into an industry that you enjoy.

KaHn

tbyeah · 29 Jul 2014 at 02:48

Tefal said:
im still confused

Have a sit down, a cuppa and get some sleep.

86JR · 29 Jul 2014 at 02:49

KaHn said:
Maybe we should try and get affiliates of those? a small %age of a big total is still good, right?

KaHn

You could use airbnb as an example here.

Their search for houses to rent IMO is a bit rubbish. So build a better site with a more comprehensive search.

Everytime someone books through your site it redirects to their payment processor and you get a cut.

Sure would cost quite a lot to outsource all of the building of that but if you are good at making websites, both clientside and serverside you might be able to pull that off yourself.

What I love about affiliate marketing is that it is passive income.

KaHn · 29 Jul 2014 at 02:50

Tefal said:
im still confused

TL;DR version of thread.

Foxeye asks whats the best way to earn 50k/year
Lots of suggestions, criticisms and ridicule
86JR comes into the thread and posts multiple ways of making 10k/month like him
Everyone finds out his claims are very much over exaggerated
And now you're here.

KaHn

86JR · 29 Jul 2014 at 02:50

KaHn said:
You're promoting this as a way to earn considerable money yet you still live at home? I think I'll still give the same advice I give to all when it comes to this sort of thing, work hard and move into an industry that you enjoy.

KaHn

This is an industry I enjoy.

And working for myself is much more enjoyable than working on contract as a structural engineer IMO! What time do you get up and finish work every day?

Mynight · 29 Jul 2014 at 02:52

86JR said:
You could use airbnb as an example here.

Their search for houses to rent IMO is a bit rubbish. So build a better site with a more comprehensive search.

Everytime someone books through your site it redirects to their payment processor and you get a cut.

Sure would cost quite a lot to outsource all of the building of that but if you are good at making websites, both clientside and serverside you might be able to pull that off yourself.

What I love about affiliate marketing is that it is passive income.

Problem with going toe to toe with the big guys is they are already too dominating to get a look in. If they spot you and something you bring that customers want. They can throw a few thousand at it and implement it in weeks. Boom there goes your model. Time and money wasted.

It's just not a worthwhile investment.

KaHn · 29 Jul 2014 at 02:53

86JR said:
You could use airbnb as an example here.

Their search for houses to rent IMO is a bit rubbish. So build a better site with a more comprehensive search.

Everytime someone books through your site it redirects to their payment processor and you get a cut.

Sure would cost quite a lot to outsource all of the building of that but if you are good at making websites, both clientside and serverside you might be able to pull that off yourself.

What I love about affiliate marketing is that it is passive income.

So what you are doing is basically building a bigger shop in front of a smaller store and then charging the small shop for everyone who comes through yours to theirs?

Great business model and I can't see anyone complaining about that.

KaHn

tbyeah · 29 Jul 2014 at 02:54

It's like none of the ebay alternatives really take off, despite lesser or no fees.

86JR · 29 Jul 2014 at 02:55

But you are not toe to toe with the big guy because you are working for him in exchange for an affiliate slice of the pie.

KaHn · 29 Jul 2014 at 02:55

86JR said:
This is an industry I enjoy.

And working for myself is much more enjoyable than working on contract as a structural engineer IMO! What time do you get up and finish work every day?

Wow you did some searching, I get to work for 8:30 (10-20min walk depending if I stop for coffee) and leave for 5pm, go to the gym, go out for a meal, go to the cinema.

Oh I work for my self, but each to their own, I like using my brain instead of trying to be an remora fish.

KaHn

Mynight · 29 Jul 2014 at 02:56

tbyeah said:
It's like none of the ebay alternatives really take off, despite lesser or no fees.

Indeed. I think the only sites that have come off ebay are madbidd(dying) and craigslist(not sure on this one).

Mynight · 29 Jul 2014 at 02:58

86JR said:
But you are not toe to toe with the big guy because you are working for him in exchange for an affiliate slice of the pie.

Ok when it's put like that you're right it's not toe to toe. However back to my point as soon as they notice what's going on a few weeks later they'll be running their own completely cutting you out.

It's not something you could protect.

tbyeah · 29 Jul 2014 at 02:58

Madbidd is dead and craigslist still has a comparatively tiny user base, and because of the lack of buyer protection, people don't pay as much.

86JR · 29 Jul 2014 at 02:58

KaHn said:
So what you are doing is basically building a bigger shop in front of a smaller store and then charging the small shop for everyone who comes through yours to theirs?

Great business model and I can't see anyone complaining about that.

KaHn

It is actually the other way round, I am building a smaller, niched shop somewhere far away from the big shop, and sending everyone who buys something to the big shop where they pay the same price but x% of that comes back to me.

What is there to complain about?

There are over 8,000 AA stores right now. Amazon has the largest affiliate program aside from places like Affiliate Window which represent a collection of companies such as Argos. No complaints.
The only bad thing is that Google does not like affiliates so they downgrade you in search results, which is why it is easier and more passive to use email lists especially with calender autoresponders.

diamount · 29 Jul 2014 at 03:01

tbyeah said:
It's like none of the ebay alternatives really take off, despite lesser or no fees.

No point selling on a site if it gets no traffic.

Mynight · 29 Jul 2014 at 03:01

tbyeah said:
Madbidd is dead and craigslist still has a comparatively tiny user base, and because of the lack of buyer protection, people don't pay as much.

Argh didn't realise it had died been a long time since I even looked at the site. Craigslist is tiny but makes a killing from ads iirc.

86JR · 29 Jul 2014 at 03:02

Mynight said:
Ok when it's put like that you're right it's not toe to toe. However back to my point as soon as they notice what's going on a few weeks later they'll be running their own completely cutting you out.

It's not something you could protect.

But they don't. They keep their affiliates happy, because affiliates bring them traffic.

Then you have conversions in the form of customers who will buy something through your affiliate link on amazon, three weeks later they buy another from amazon after your aff cookie has expired: no affiliate payment. Amazon would not have made that second sale if it were not for the first one - and would not have made that if not for the affiliate.

A company like Amazon doesn't even have enough money to rank high on FB/Google ads for every single keyword that its products contain - a niche affiliate will rank high for one unique keyword, and get sales from that traffic.

As for comparing Ebay to its knock offs, you obviously have no idea what we are talking about here.