Thread: Well I'm done.
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Old 06-16-2010, 09:58 PM  
will76
Making $$$$ w/ ClickCash
 
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Join Date: May 2003
Location: USA
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Originally Posted by Angry Jew Cat View Post
To clear anything up, here's the situation as of early this year. I was earning well and spending money like a mad fool late in 09 and coming into 2010. When that whole credit card fiasco hammered mainstream rebill offers I lost two of the best converting offers I had. I was getting $55/lead with payouts on demand from the network I was promoting through. Basically i got an instant payout whenever I wanted it, and I was growing fast. I was pouring money into longterm SEO projects and custom scripts to automate the building process, that wound up going nowhere. As soon as my campaigns went to hell I stopped and began spending foolishly on new PPC campaigns and burnt off a lot of money fast failing to find anything that stuck again. When offers started coming back, payouts had been significantly decreased, and finding a new offer that even converted on par was hard. That combo made making monies again difficult.

Where I was bringing in $500 daily in profit through November I was up to almost $1k/day by Christmas, almost overnight I found myself putting out hundreds a day with a negative return. I essentially went from the high point in my online career looking like the sky was the limit, to square one. You also gotta figure in my "nigga rich" spending on pointless new shit. New snowboard gear, new computer, buying rounds like crazy. Expensive Christmas gifts for the family and other dumbshit.

At this point I started experimenting with mainstream niche affiliate stores, which were doing well for small startups, but take time to build, and are slow going building up those earnings again when you're collecting 4-15% commissions. The intention was to continue rolling with this type of project. Mainstream niche stores coming into now were my primary earner. Most of which were built up SINCE the last available backup. Which leaves most of my promising projects toast.

My truck caked out on me and left me with a massive bill. Living in a resort town I continued partying spending more money that I probably shouldn't have. Expenses were racking up, and recovering my old earnings back to a point where they were enough to live off still was cutting it close. hence why I was quick to accept the offe4r of good paying job when it was offered to me again about a month back.

First priority was getting my truck running and insured again. I sent over an initial payment to cover what I could after getting my truck running again on my first paycheck, which I also hd to pay rent, insurance and my other bills out of. Getting back to work cost me a fair share to start with. new tools, new work gear, yadda yadda. I had hoped that the partial payment would buy me some til the next payday to cover my remaining debt. I guess it didn't. My fault.

The niche affiliate stores were showing promise, but take time to build up. My s4rver was down, a few people here new the situation and were waiting for things to come back up. I would have continued building them over the summer, and with things on course again, by fall I should have had a reasonable base built back up. With the start I had gone though, I just don't feel like starting over again. So be it. I'm working with a good company, collecting good paychecks on a regular schedule again, and to be honest it's kind of nice. It's not a bad life.

Come fall I'll take my layoff, and join what is formally referred to as the "EI Ski Team". I started in this whole business with the only intention being a way to pay for my snowboard seasons while I drank, got high, and enjoyed the slopes every day. God bless communism and it's support programs. So y, I'm essentially better off with no online income, which would hinder my employment insurance payouts, lol. So this winter I'll be snowboarding on the taxpayer's dime. Fuck it. This was never a career for me, just another job. All I've done is found a new one. Hell, it's the "Albertan Dream". Make big money for a few months, get layoff, then cruise by on EI payouts for the rest of the year.

I'll still be around in the future once in a while. But I'm an official surfer now.
If you (or anyone else reading that may fall into the same trap) can learn anything from this, it is....

don't spend money as fast as you can make it. It is everyone's natural tendency to spend more as they make more. It is very damaging for several reasons.

1. Most people that start making "mad money" all of a sudden, it rarely lasts long. Easy come, easy go.. while maybe not the best expression because you were working hard, it does play out pretty much that way.

2. When people start making more money they dig themselves into a hole. They go buy that nice car but instead of paying cash for it, they put a little money down and finance the rest. SO what it has a $750 a month note, hell they making that now in 1 day. Then when the money runs dry they can't afford $750 a month so they lose the car, lose the little money they put into it, and destroy their credit and now have no vehicle ( <- worse then they started). You can substitute house for car in the same scenario. People also run up lots of credit card debt as they make more money because they think " I will pay it off next month" etc... Which never happens and then when the monthly payments get high right about the same time their income tanks.

3. People neglect their business and spend the money on bullshit. Like in your case you put no money aside for your future business expenses. You should have built up a reserve of at least 12 months for hosting, etc... to cover your business expenses before you started blowing money on buying expensive christmas presents. You need to have money for bad stretches to get you through them to the next good run. When you blow all of your money on bullshit and then you hit a bad stretch you wind up not being able to pay for hosting and you got out of business.

4. People make bad investments when money is flowing in. (this one I have been victim of). When you making 30K a week you get a lot more risky with your money, so what if I blow 30K on a new project, that is just one weeks check. Make stupid mistakes and lose money left and right on bad projects, when you start making a lot less you will have wished you were more safe with your business decisions. It is good to diversify and reinvest into your business, but people get so risky and carefree they almost always blow it. You need to make decisions like that is the last bit of money you have to your name, not that it was just 1 week's check if it doesn't work oh well I will make more.


if nothing else learn from your mistakes.
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