» posted on Wednesday, November 30th, 2005 at 9:49 pm by Ted
I have A Plan
At the end of ‘99 I gave up my secure job with no future or satisfaction and made a living out of online affiliate marketing. I wasn’t hugely successful, but I well and truly covered expenses, and in three years that I spent full time in affiliate marketing I was travelling for atleast nine months of that. When I was at home, I doubt I worked 20 hours a week.
I found lots of ways to make money, I developed a system that would make me $100 for about an hours work. Did I work 8 hours a day to capitalise on this ? nope. I did enough work to make a living. And as with everything on the internet if you don’t exploit an oppurtunity while it’s there, then other people will work out your system and copy it until it loses it’s value.
Towards the end of the three years I got sick of working in isolation in my spare room, and instead of finding something interesting to do to make a living, I let my business slip to the point I was borrowing money from my parents to get by. I ended up returning to the workforce.
At the moment I have a very secure job thatprovides me enough income to make me comfortable, though I’m still paying off the credit card debts I genereated when I let my business go to the scrap heap.
I’ve always maintained an interest in affiliate marketing and I have a few ideas that should generate several hundreds of dollars a day (if I put the effort in), but I keep cruising in my job because I like the life I have now, my job is interesting, I have a great social life and extra money won’t make me any happier.
However I am starting to crave the freedom I had when I was doing affiliate marketing fulltime. The only time I set an alarm in those three years was to catch a plane or catch a fish.
My plan now is to get into my several hundred dollars a day idea while I’m still working, and then possibly use the profits to launch another web business that I believe has the potential to put me into retirement in three years (I’m 33yo). The key to the new web business is that I’ll actually set up an office with staff so I don’t suffer from the isolation that I had when doing affiliate marketing from home.
I’m waffling so I’ll stop now.
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James said:
Dec 07, 05 at 12:59 amHi,
I’ve enjoyed your blog. Some interesting points and stories. I wanted to put a comment further down the page (on a previous blog), but not sure if you’d receive/read that one. Anyway, I love these stories of people trying to get out of credit card debt. Here I am trying to get into it. There was another blog I read about a girl trying to get out of credit card debt, but I prefer yours. More professional.
You really do make me jealous with the idea that you could work from home for a couple of hours a week and survive pretty well.
Well, here’s a link to my story. (You REALLY don’t have to read it, but I leave the link as a calling card).
Thanks for the story.
James
Mike said:
Jan 09, 06 at 9:20 pm“My plan now is to get into my several hundred dollars a day idea while I’m still workingrkin
I would love to hear some of those ideas!
btw, I have now moved off blogger, so I would appreciate it if you could update my link.
http://www.retireyoungandwealthy.com/
Thanks,
Mike