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First Paycheck. What Now?

by Chuck Underwood
8 replies
OK, so I received my first affiliate paycheck for $163. Nothing spectacular, but it is a start. My system is repeatable and I could put more time into it and make more money this month. Unfortunately it is not very scalable and needs daily effort. I spent about 20 hours over 3 weeks for the $163.

The nice thing about it was that it cost zero money.

So anyone have any recommendations on how I should invest my income?

Like a lot of people, I want to build a long term income, so I can quit my J.O.B. I am willing to put in the effort, but want to make sure that I am working for something beside a quick payoff.

Thank you,
Chuck
#newbie #paycheck
  • Profile picture of the author JonnyAndrews
    Lather. Rinse. Repeat... but this time do it with membership sites so you'll get paid every month.
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    • Profile picture of the author Chuck Underwood
      Originally Posted by JonnyAndrews View Post

      Lather. Rinse. Repeat... but this time do it with membership sites so you'll get paid every month.
      Thanks, any recommendations on memberships sites?

      Chuck
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      • Profile picture of the author Oliver Bowen
        Banned
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        • Profile picture of the author Chuck Underwood
          I did not doing anything I would consider spectacular. I signed up as a eBay affiliate and posted ads to Craiglist.

          Pretty simple. Just tedious and extreamely borring. Most days I posted around 40 ads. Some of the ads I posted are still up after 30 days. Some days I would post an ad and it would get flagged before I could post the next ad. It got discouraging.

          Chuck
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          • Profile picture of the author billionareHuman
            You should see if anything can be automated that can free your time up more, you can always hire a coder from elance or something to do this for you.

            If nothing can be automated then you really have to consider the time and money you have received $163 / 8 hours ~ $8/hour , which is not worth it especially in the world of IM I might add.

            It's a good start though and you can only improve on what you have discovered.
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            • Profile picture of the author napoleonfirst
              You must try to outsource part of your work to a freelancer. You can go to Guru.com, Elance or Rentacoder.
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              My Money-Making Secrets Will Blow Your Mind
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            • Profile picture of the author Chuck Underwood
              Originally Posted by billionareHuman View Post

              You should see if anything can be automated that can free your time up more, you can always hire a coder from elance or something to do this for you.

              If nothing can be automated then you really have to consider the time and money you have received $163 / 8 hours ~ $8/hour , which is not worth it especially in the world of IM I might add.

              It's a good start though and you can only improve on what you have discovered.
              Thank you for the advice, but is it feasible to hire a coder and not pay a ton of money? I actually thought of looking into trying to automate, but thought it would be to expensive. Although I guess I could sell the end product, maybe as a WSO.

              Chuck
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  • Profile picture of the author johnmiley
    Congratulations! That's a break-through moment. You may not remember your millionth dollar earned online (although you wouldn't mind testing that out, I'm sure), but you'll always remember that first sale.

    Time is money, so this didn't cost you cash, but you traded time. That's fine. But maybe you can streamline your technique, cut the next $163 down to 10 hours, then to 5 then to..?

    Once your profits are up, outsource what you can.

    As you go now, systematize your process so you can virtually take any part of the set-up, put it on a flow chart/mind map/ or spreadsheet and hand it over to someone to whom you outsource--again when you can do it with profits.

    You have a good, proven base, so it's all about economy of motion and economies of scale.

    Keep rockin'!
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