HI Kevin, thanks for posting this question out here in the open forum. Sorry I could not answer you in private, but I think you raise some good points that others can learn from in this public discussion.
"I am well versed in stock markets, loans, insurance, personal finance, and latest technology trends (enterprise setting) so these topics will be the focus of my affiliate marketing plan."
Most of these are VERY competive markets, so drill down to try to find a niche or a niche within a niche - at least to start with. See my other posts on finding niches, I have lots of blogs on the subject too.
I think it's a good but aggressive plan. 1,2,3 all require a good bit of learning, trial and error. Can't help but wonder if you shouldn't focus on just one at least to start. #3 IMHO can be addicting and a time **** with possibly no money coming in from your efforts. (been there, done that). If you try doing #3 before you have 1 and/or 2 down I think you would dilute your effectiveness in all 3. I think most affiliates play the domain game naturally AFTER they have a solid biz built up, but I wouldn't focus there. It can pull you in and **** you dry.
I'd also recommend getting at least ONE affiliate site launched and promoted before you even think of quitting your job. What if you've romanced this then find out it's really not what you would like to do long term or realize you are not cut out for it?
Plus you have a TON of learning to do. Get some of the learning and other basics under your belt while you still have a regular income coming in.
From our private conversation I feel you've got what it takes, but I know you are used to making a lot of money. I know you also said you had a cushion to get you by for awhile, but seriously some affiliates are only making 500 - 1,000 a month in their 1st year. 150K in year 2 with no direct background in online marketing would be REALLY tough to do.
Not trying to be pessimistic, just realistic. Keep the job while you learn and work AM on the side. Then go part-time if possible and put more time into AM. Transition in instead of cutting off your income totally.
Edited to add: I just went back and read your intro again. You said:
"I hope to ramp up some affiliate sites in the next 3-4 months on a part-time basis."
Yes that's a better plan, I was afraid based on this post you were just going to cut loose and jump in.
Anyone else have feedback for Kevin???
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Linda Buquet :: Affiliate Program Advertising, Promotion & PR (Publisher Relations)
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