Quote:
Originally Posted by Sly
It's a very risk averse approach. I make my biggest advances, both with money and my personal life, when I take big risks. I realize many people do not like taking risks, but it's really the only way to grow, IMO.
How do you find a new great sponsor that might make you a killing without taking the risk of giving them a try?
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Unfortunately there aren't that many great sponsors which convert out there anymore. Many factors such as piracy changed things significantly. It used to be that if I found a new sponsor in a micro niche I would get excited. I could probably find a few thousand visitors a day to send them somewhere and make good money if they converted something like 1:100 or 1:200 (and it used to happen all the time up until about 2008). The rarer the content the better. But now it's all available somewhere for free. Maybe I can convert it at 1:1,000 if the sponsor is honest and the content is good. But that is a big maybe. Still, big deal. Maybe I'll make 1 or 2 sales a day but that is nothing compared to the 10 or 20 sales a day I used to make with a great sponsor when all things aligned. Then the rebills are much worse too.
Making 10-20 sales a day with two or three times the rebill rate was a much better incentive to experiment than the potential to make 1-2 sales a day with 1/2 or 1/3 the rebill rate. It's like the difference between playing a lottery with the same odds and the same cost for a ticket but one day the potential winnings are $10,000,000 while on another day you can only win $100. There aren't going to be many people standing in line on those $100 days. And so it is. You don't grow by taking big risks for pocket money.