The 5 year plan to £50k

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Here is a question for you MyNight: If big companies want to cut out affiliate marketers......why do they run affiliate partnerships/programs in the first place? ;)

I am off to bed, good night.
 
86JR said:
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.
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Ok well, let's leave it at that shall we :D. I bow before your knowledge.

86JR said:
Here is a question for you MyNight: If big companies want to cut out affiliate marketers......why do they run affiliate partnerships/programs in the first place? ;)

I am off to bed, good night.
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Do airbnb run affiliate schemes?

Edit:Appears they are thinking about an api, intriguing. However I'm not sure a more advanced search could pull from their main site. There's absolutely nothing stopping them implementing it themselves as I said.

I'm really not sure if I'm the one being thick here :confused:
 
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Mynight said:
Do airbnb run affiliate schemes?

Edit:Appears they are thinking about an api, intriguing. However I'm not sure a more advanced search could pull from their main site. There's absolutely nothing stopping them implementing it themselves as I said.

I'm really not sure if I'm the one being thick here :confused:
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I think you've hit the nail on the head, its a cheap way to get great ideas, pay lots of people a small percentage of what their new site brings then steal the good parts of it.

I don't see it being a sound long term business model.

KaHn
 
86JR said:
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.
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Woah woah woah,

Where did the 10k a month come from if you are only on 12K PA after tax????

How can you say its a good business model when you yourself are doing it and bagging 10% of what you claim it is possible to get?

I'll stick to getting up in the morning and earning more cheers :p
 
KaHn said:
I think you've hit the nail on the head, its a cheap way to get great ideas, pay lots of people a small percentage of what their new site brings then steal the good parts of it.

I don't see it being a sound long term business model.

KaHn
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Thank you. I'm glad someone got what I was aiming for :).

I can see why amazon does affiliate as as 86JR rightly said (well I'm sure they have enough money but it would eat profits too much)they can't cover all keywords at all times. However the advertising they're paying you for is different to airbnb in the way it would/could evolve.

Each time you link to amazon its a free ad they didn't have to pay for if people don't buy that is. If someone arrives at the amazon site through your link and buys something you're not an affiliate for then you've given them a free referral(or do you get paid regardless of what they buy?).
 
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I think I'll manage as a structural engineer.......

Posted earlier in the thread......

http://www.fourmilab.ch/etexts/www/barnum/moneygetting/moneygetting_chap20.html

Some men have a foolish habit of telling their business secrets. If they make money they like to tell their neighbors how it was done. Nothing is gained by this, and ofttimes much is lost. Say nothing about your profits, your hopes, your expectations, your intentions. And this should apply to letters as well as to conversation. Goethe makes Mephistophiles say: "Never write a letter nor destroy one." Business men must write letters, but they should be careful what they put in them. If you are losing money, be specially cautious and not tell of it, or you will lose your reputation.
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KaHn
 
KaHn, 86JR was previously known as twoblacklines and has considerable history of ... let's say embellishment ... in some of his posts regarding finances. I mentioned it only to give context to those who may remember some of his more imaginative historic posts.
 
86JR said:
That was first year of trading, buying old stock and selling on Amazon. I don't do that anymore, other than when a really good deal comes along. Since May 2014 I have done £800 in profit for example (just selling hardback books).
I think a £90 loss is not bad for a first year, considering it was all started on credit cards and student loan cash. I still have a few grand (at trade price) of stock to shift too I just have not had time to do that yet.
Then I moved onto other things (including) affiliate marketing, KDP, Ebay, etc
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Well, at least your next set of accounts can reflect that. £90 loss isn't bad at all for a first year of trading, unless you had tiny sales or it's a reflection of poor gross margins.
 
Well whatever the truth of the matter is, 86JR openly said he is autistic, and from his posts it's clear he is not, shall we say, "regular" in his social mannerisms and dealing properly with this kind of forum questioning, so I guess the more he is quoted and questioned, the more we are fuelling any potential (or not) embellishments. Let it drop before the Dons go to town and lock the thread. :)
 
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Foxeye - I personally wouldn't concentrate on 50k - it's an arbitrary figure, and it's all contextual. 27k in your part of the world could be equivalent to 50k elsewhere, so it's time to save what you have, and either start working hard, look elsewhere for work, improve yourself by doing a course or whatever you think would be good. You sound like you're saving a lot every month already, so keep doing that.

If you don't know where to go career wise, go to events (many are free to attend) in different sectors, sign up to groups on social media, meet experts in industry from different sectors and see what appeals to you. Finding your dream job is something we all want, but doing things we don't like is easy enough to avoid - it is easier to know what you don't like than to know what you do like.

You've also recently had a pay rise, so exploit that pay rise, and save and create a plan for what you want to achieve with that saving. You need your own space, moving out of home gives you a great freedom, and no one wants to be mollycoddled by their parents all their life.

You've got to make your own luck - moping about in a job you don't like and moaning on the internet won't get you anywhere, you've got to be more aggressive in getting what you want.

Don't concentrate on 50k - think about your lifestyle and the job satisfaction. For me at the moment money is quite key as I want to save as much as I can for additional property purchases but ultimately I don't need to earn any more as I quite enjoy my lifestyle, life, and still have the ability to do things (like go on a few holidays a year for example - that is something that is important to me.).

Don fixate yourself on something which is so arbitrary it means nothing, focus on pulling your socks up and sorting yourself out.
 
Interesting thread for sure

Ebay basically has critical mass
Anything else even better and cheaper can't get a look in as that model requires numbers to work

If you want to sell you need large numbers of buyers. You are not going to sell on something lacking this
If you want to buy you are not going to go on something without variety or try loads of places (unless you have a comparison site)

Despite all eBay criticism I can still sell my stuff for more than anywhere else even after fees as demand is so much greater. If my item appeals to 1 in 1k or one in 1mln people eBay is the answer.
If I want to buy there is simply no where apart from eBay to get Chinese and used items with that security
Aliexpress has a lot of things but far less easy to use than eBay

Amazon and eBay swallow up most of my online spend for non essentials.

To compete must be nigh on impossible.
Joining gives you access to that buyer base
And more that join more power they get




I really want to get out of working for someone.
Home life hinders this.. Example.. I took a risk on the recent mining fad. Didn't expect it to take off but didn't want to miss out if it did.. Had to hide it from partner much as possible because she is very much the type to just work 9-5 forever and sees risk for gain as waste.

I would love to go into business with an idea and a partner. If only to grown it together, bounce ideas off. It's a hard bunch of concepts when you don't really have that support.

And, without a solid idea/platform the options are vast but none are particularly jump out ideas

Sometimes I have ideas but again, with out that support investing that time/money into getting it off the ground with life commitments is hard. Especially when people around you (ie gf) are just not open to it

Having to do it all on my own would be tough
 
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FoxEye said:
1. The current job is a fixed-term contract, and will end in March 2015. Could be extended if we fail to deliver on time (quite likely).

2. The figure of 50k I plucked out of the air as an amount which would let me buy a house, and move out. Average house price being 160k, new govt policy is to limit mortgages to 4x salary. 50k should do it.

Also, no disrespect, but the jobs paying less than say 30k tend not to be very demanding, shall we say. Like delivery drivers or factory workers. I would like to end up doing something that not everybody could just walk in off the street and do.

My current job at 27k for doing literally nothing is a prime example. It's depressing and demoralising.
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Sorry to sound like an old fart (I am only 29) but "you do not know your were born" 27k, living with your parents, nothing to worry about except your job being "depressing and demoralising" 27k is a very high wage for someone with no qualifications, people with degrees get worse pay than that. Try living on your own with no parents to go back to, with the terrible job situation in the UK surviving on benefits and paying for your own property, bills etc. at the same time. Just keep the 27k a year job to be honest, it is a very high wage for someone with no qualifications seriously.
 
NirK said:
Sorry to sound like an old fart (I am only 29) but "you do not know your were born" 27k, living with your parents, nothing to worry about except your job being "depressing and demoralising" 27k is a very high wage for someone with no qualifications, people with degrees get worse pay than that. Try living on your own with no parents to go back to, with the terrible job situation in the UK surviving on benefits and paying for your own property, bills etc. at the same time. Just keep the 27k a year job to be honest, it is a very high wage for someone with no qualifications seriously.
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I would say something similar to this. Especially in Cornwall.

I am 25, living in Essex, working in central London. I am on ever so slightly more than you, with A-levels.

Once you factor in living costs you are the only winner out of us my friend.

I'm not saying don't further yourself. But you are in a good position all things considered (finacially). However if you don't like work then perhaps a change is for you.
 
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