Why You Shouldn’t Quit Your Job To Start a Business
Author: Katerina Thomas
There are many reasons why someone might want to quit their job to start an affiliate business. However, there are also many reasons why this might not be the best decision. In this podcast, Katerina discusses what things you need to consider before making the decision to quit your job to start an affiliate business.
In this episode, Katerina talks about..
Part 1: Ways to start a business, and steps to follow.
Part 2: Number #1 rule in starting any business.
Part 3: Affiliate marketing programmes and ways to spot affiliate marketing scams.
How do you start with a simple idea and then in a couple of years generate over a couple of millions in paid commissions?
Meet Paul and Mike, founders of Home Business Academy.
Both Paul and Mike believe that it’s important, if you’re going to join a company there will be a residual income. There will be honesty and a shared vision.
And, it wasn’t. And this made Pauols and Mike very frustrated with home business companies.
Paul was trying to build his home business working endless hours.
But companies would change their compensation plans. They would tell Paul that he should be promoting a new product instead. So he had to start from the beginning again.
At a time, Paul was living in a trailer house. He had a little bit of initial success enough to encourage him to go full time and then… boom, they cut his income.
And, Paul was not alone, the same happened to Mike too… and to many other people.
In fact, that is true of a lot of home businesses out there.
But Paul and Mike always found another opportunity that was even better. And that would earn them more money.
Still, after a while, they would find themselves in a situation where company bosses would make big promises but not deliver on them.
So, they would build the company up just to see it crashing down. Then build it up… crashing down…
That was a hard thing… realising that leaders don’t always do the right thing for every person.
In the end, Paul and Mike realised that they couldn’t do this anymore. They couldn’t support a message that was so out of alignment with their values.
Part 1. Starting a Business
So, when you start an online business your decision about what type of business to start will depend on whether you have a product. Or you have a service to offer.
Once you have a business idea, product, or service – you’ll need to create a website, or create landing pages and sales funnel. This is where you will sell your products or services.
You will also need to set up a payment system so that you can accept payments from your customers.
Then, once you have your website up and running, you need to start promoting your business. You can do this by creating social media accounts and promoting your website on them. You can also start a blog and write articles about your business.
If you do these things right, you will start to attract customers to your website.
So, if you have an idea and a product to sell, that’s great.
You can start planning all these steps.
For example, you could start an online store, a blog, an e-commerce site, or a service-based business. If you’re interested in starting an online store, you’ll need to choose a niche and build a website.
Can you start without a website? Yes, you can use platforms like Amazon.
And, what are the advantages? – it’s a marketplace where people already searching for products.
But beware many platforms will not share customer data. And data like customer email is a lifeblood of any business.
If you choose to build your own website or your own store, you’ll need to invest in e-commerce software and secure payment processing. You’ll need to choose and stock products unless you do the print-on-demand type of business. And you’ll need to somehow attract customers to your website. So you’ll need a marketing plan.
For a blog, you’ll need to choose a topic, create content, and build an audience around a niche.
And what do you do, if you don’t have a product to sell?
When you start an online business, you have two choices. You either sell your own product/or products, or services. Or you sell someone else’s, you become some kind of a reseller or an affiliate marketer.
And, there are many types of businesses you can start online.
It really depends on your interests, skills, and goals.
Part 2. How easy is the Affiliate Marketing?
There are many benefits of affiliate marketing, including:
It’s a relatively easy way to earn money from your website or blog.
You can choose to promote products or services that are relevant to your site’s niche and audience.
You can earn income from sales generated by clicks on your affiliate links.
Affiliate marketing is flexible, as you can set your own hours and work around your other commitments.
If you’re looking for a way to generate extra income from your website or blog, affiliate marketing could be a good option.
There are a variety of tips and strategies that can help you be more successful as an affiliate marketer.
1. Understand the basics of affiliate marketing before diving into affiliate marketing. You need to have a strong understanding of how it works. This includes understanding how affiliate links work. How to choose profitable niches. How to drive traffic to your affiliate links. I know a few affiliate marketers who have been trying to make decent money for years without success but had massive breakthroughs years later and now have successful businesses.
2. Choose the Right Affiliate Programs. Not all affiliate programs are created equal. When choosing an affiliate program, consider the commission structure, the quality of the products or services, and the reputation of the company.
3. Build a Solid web presence whether it’s a website or landing pages. This is your foundation as an affiliate marketer. Choose a domain name that is relevant to your niche and so on.
4. Drive Targeted Traffic to Your Website. This is one of the most important aspects of affiliate marketing is driving targeted traffic to your website. There are a variety of ways to do this, including SEO, solo ads, and social media marketing.
Part 3: Affiliate Marketing traps
Be wary of affiliate programs that need you to pay a fee to join. There are affiliate marketing scams. These programs are often not legitimate and are trying to take your money. So, don’t join them.
Work only with a reputable company. Changing the commission structure is a common risk.
Finally, be sure to read the terms and conditions of any affiliate program you are considering joining. This will help you understand what you are agreeing to and will help you avoid any surprises down the road.
If you’re considering quitting your job to pursue affiliate marketing, here’s some advice from experts in the field.
Don’t quit your job until you’ve developed a solid plan and started seeing some results.
This means having a niche, an audience, and a platform to market your affiliate products on.
Without these things in place, you’ll likely struggle to make any significant income.
Once you have a plan in place, start by testing the waters with some affiliate marketing on the side.
Only quit your job if you’re confident in your ability to succeed selling online consistently or if you’ve lost your job. If you were made redundant.
If you find that you’re not making much money from affiliate marketing, or if it’s causing too much stress, then it’s not worth quitting your job.
Remember, most businesses fail and fail many times over before they find the right nitch and product to sell.
So let’s just recap the 3 points that we’ve covered today.
1) There are many types of businesses you can start online. It really depends on your interests, skills, and goals. In essence, you have two choices – you can sell your own product, service or a product of another company
2) To increase your chances of success when you choose to start a business promoting affiliate products you need to understand the basics of affiliate marketing, choose the right affiliate programs, build a solid web presence whether it’s a website or landing pages, and drive targeted traffic to your website.
3)Affiliate marketing is not a scam, there are affiliate marketing scams. Don’t pay companies to join them. Work only with a reputable company. Read the terms and conditions. This will help you understand what you are agreeing to and last but not least don’t quit your job till your results are consistent.