Crazy week!
After a few months of work, I am getting ready to branch out from my main two sources of income and add an additional (hopefully).
Right now I make the majority of my income from:
1. Affiliate marketing (duh)
2. This blog / teaching people how to make money online (such as the Facebook ads guide)
While this is good money by most standards, I have decided to also put some time aside to branch out even further and add another "leg" to the business I am trying to build.
I don't ever see myself stopping affiliate marketing because the money in affiliate marketing can be quick, large, and insanely awesome. I plan on having it be just another branch of the company I am working to build.
So this new branch is going to be ecommerce websites.
The main reason I chose ecommerce is because:
1. My dad is really successful with ecommerce and has taught me a lot.
2. We have a warehouse that I can use to store stuff.
3. I won't have to fight with advertising companies (Google, Yahoo, Facebook, etc) to allow me to advertise.
While these ecommerce sites take a lot of work and effort to start up, I think it'll be a nice steady asset that I can build.
Starting Fresh
Do you remember what it was like when you first started affiliate marketing? Maybe you're just now starting. If you are, you should definitely get my guide to affiliate marketing.
I wish I had something like that (the aff marketing guide) for ecommerce because I have had to go through that "newbie" learning process. While I've been enjoying it... it certainly has cost me a lot of time and money.
In fact, just this one ecommerce site will probably end up costing me low $xx,xxx. The "scary" part is that I have no idea if it is going to work out.
So, all of that to say, I am excited for this next step and look forward to launching many more of these type of sites.
So my question is, what are you doing to diversify your income? Do you plan on just doing affiliate marketing or do you have other websites that you want to make that are more long term assets?
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