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Old 07-02-2005, 09:23 AM   #21 (permalink)
Dupont
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Nice guide, for those on the fence..
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Old 07-02-2005, 09:24 AM   #22 (permalink)
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thx for the tips lb
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Old 07-02-2005, 10:04 AM   #23 (permalink)
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Quote:
Originally Posted by rvince
Actually, you should have 3 months of money ahead.
Consider the time to reach the minimum payout, the time the sponsor pays (if you reach the min payout on the 5th on the month, you'll only get the money at the end of the next sponsor period: up to one month) also sponsors often pay 1 or 2 weeks after the end of a period, then add the time of the check to be mailed, then the time the check will take to clear once you cash it (up to 3 weeks for non-US webmasters).
Between the moment you make the sale and the moment the money will be on your account, it can be well over 2 months: consider that in your plans!!
(of course, you definately must try to get paid via epassporte every time it's possible if you're not based in the US)

RVince "been there, currently still doing that" :-)
Actually Rvince I mentioned earlier in the post that you should already be making sales and have money coming in, so the waiting time is already negated by the incoming money from past sales.
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Old 07-02-2005, 02:52 PM   #24 (permalink)
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Pay attention to the investing part... Thats where you can become really wealthy!

Try to get an investment plan going. You can invest in stocks, real estate, more businesses, franchises, anything. With the last two you might want to keep that off your list for a while until you get employees working with you. Or never, but you never want to be closed minded about anything. There is always money to be made in investing. Also need to think about how much risk you can handle, I usually go pretty risky, like investing in something that I think is a good company but the bottom just fell out of their stock because of what I think is an overreaction... I could be wrong and lose a lot of money, or I could be right and make a lot of money. What you need to understand is that if you are feeding yourself already, losing money on an investment isnt the end of the world.

Just my 2 cents on investing.
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Old 07-02-2005, 03:06 PM   #25 (permalink)
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good tip LB, you always give me good advice when we have puzzle,this is a very important tip to newbie in this biz.
thanks LB.
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Old 07-02-2005, 05:12 PM   #26 (permalink)
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I think the part about the "hours" is very important. I can't tell you how many people think I work short days because I work at home. I actually work more now that I work at home than I did when I was 9-5, because I'm almost always working in some way including weekends. 2 am, etc.

If you're quitting your job so you can slack off - don't bother.

JD
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Old 07-02-2005, 05:29 PM   #27 (permalink)
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Thanks for the great post, LB
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Old 07-02-2005, 05:55 PM   #28 (permalink)
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wow - great post LB... got me thinking more on the biz and look on it from other way...
I have long way to make until I'll cosider going full....
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Old 07-03-2005, 07:05 AM   #29 (permalink)
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hehe thanks a lot for this nice thread _LB_
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Old 07-03-2005, 09:22 AM   #30 (permalink)
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Quote:
Originally Posted by gridtalker
great read. Your making money tutorial got me into this buisness now this one is going to make me quit my job.


LOL! I agree! I started to think about qiuting my job too!
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