Time VS Monies! Whats Worth Your Time?
Are you trying to save dollars or are you trying to make dollars? As a full-time affiliate you work for yourself and have nothing to fall back on so you need to hustle! At first hustling is shitty. Your working really hard and your constantly in the red, if you keep hustling though it can get really fun, you work 18 hours a day, and you see checks coming in to show you that your time is well spent. Even many years later hustling is still fun, but certain things just aren’t worth your time if your running a business and still want to enjoy other aspects of your life.
Running an $800/Month Campaign?
This one i’m tied between, but i’m 70% pro for not wasting time on small campaigns. Is it worth your time running 2 campaigns making $1600/month (taking up 6 hours a week in work) when you also have 2 campaigns doing $xx,xxx/month? I personally don’t think it is, but a lot of people would disagree with me. They’d say: “why not work 6 extra hours a week to make another $1600, thats $266 an hour bro!” Tim Ferris says it best when he said he’d rather make $350,000/year and have a lot of free time to enjoy that money than make 1 million/year and have no time to enjoy anything.
A couple months ago i absolutely wouldn’t run campaigns unless they made a good chunk of cash a month, but now i’m trying to get my head focused and motivated enough to run smaller campaigns. It really depends on the time i have available every week. I know for newer affiliates out there your probably thinking $800/month campaign is HUGE! It’s not what you think though, you don’t just launch it, leave it and go on a MDMA binge for the week — there’s bid adjusting, testing new images, landing pages etc.. to keep your ROI at a certain %! It’s all relative to your situation though, once you start having larger checks come in on a somewhat regular basis your time is better spent on larger single campaigns, it allows you to focus more on what’s bringing you in 80% of your revenue. If you start worrying about an extra 15% over smaller campaigns then you head starts mixing things together and your focus is lost. As you can see i’m torn between the two, whats your thoughts?
Fighting For $100/Month In Wrong Bills
This is the worst because it’s more about the principle than the money. I read a tweet from my friend Geofferson a couple months ago, and it said: “One thing that sucks when you’re making more money – if you get ripped off for small amounts, it’s no longer worth your time to fight it.” This is something i’ve been dealing with forever. I’ll get ripped off on something, or i cancelled something and the payment still went through. I’ll have a friend of family member ask if i called and complained and i tell them i have no time, then they look at me like i just lit a $300 bill on fire, but they don’t understand time vs money.
The looks i’ve gotten in the past from friends and family members about losing money are beyond hilarious. No matter how i try to explain it a lot of them don’t understand the time vs money theory, and will forever lose respect for me because of that. Nothing i can do there though, there the ones who i feel bad for, they’ll never realize that there’s more possibilities out there than trying to become the supervisor of PetSmart.
It’s usually always Visa related, some extra charge or charge i didn’t know about, secret phone bill charge etc.. I could fight it and probably get a refund for the $59.99 fee, but that would be an hour long phone call, 9 transfers to new agents, and many frustrations, which is much less $ per hour than if i ran those extra campaigns. How about you? Is it worth your time to fight it?







With regard to the second part have you considered taking on a part time or full time accountant. Ours is an absolute god send. The financial and time benefits of having someone who can chase invoices, complain about those extra charges and most importantly offer solid tax advice is huge and more than covers her wages.
I have a part time accountant, i don’t feel like paying her $50 to chase after $60 though, so she’s strictly for taxes, and business related questions/setups.
Nice post and along my lines of thinking.
I agree with you completely. I have always said its not about penny pinching, its about making more. Time is the most precious resource you have.
Another thing I noticed is now I’m willing to pay for premium. For example, I can outsource work to India but the quality of work is so crap that I don’t have time to micro manage. I found myself hiring locals who charge $10 to $50 an hour but they are worth EVERY penny.
Great post and glade to see your success.
Yep I’m the exact same. Your never going to make money by saving $9 on groceries, you have to make more!
Premium was a step i took as well, it’s not worth the hassle trying to deal with all the issues that come with trying to save $ by outsourcing people you can barely communicate with.
“an hour long phone call, 9 transfers to new agents, and many frustrations” <- I hate this with a passion
at least the 800/m campaign's got to do with aff marketing =P
I like to put all my focus on the “beast” camps, but its not payed to have smaller campaigns!
I’ve never seen that quote from Ferris before, but it’s good shit!
I saw that tweet from Geofferson too. I feel the same way. I don’t have time to fight over a few bucks, but goddamn, I hate it when people cheat me.
I don’t know why, but i really like Ferris, he’s got his shit organized.
Completely agree with you. I have a little info product on how to get better at the video game Halo (I used to play professionally) and I made it as an expirement / case study just to prove to people you can make money selling information on just about any topic – not just make money online ones like most people hear.
So anyway the product makes like $500 a month and yah that pays a car payment but it’s still something that took time to build and maintain etercs
I totally know the look you are talking about. When I used to tell my father that some company billed me an extra $45 for something I didn’t ordered and I did nothing because I had no time, he used to give me this look. The one saying: “a penny is a penny, don’t let them get away with it”.
Yep that’s the look, but from secondary family members who ask other questions that are $ related, the looks are a lot worse lol.
I’m just curious what everyone’s thresh hold is. Mine is about $1K. I just got hustled by a car rental place for $3K and I’m getting close to giving up on it because it has taken so many hours and is looking like lawyers. It does suck that sometimes there is not justice.
We’ll be more successful if we stay possitive and leave it to the universe but it is hard to follow that advice sometimes!
Your math is wrong in your $800 (x2) / month working 6 hours per week. That’s 24 hours in the month to make $1600 which is $65 / hour. Not trying to nit pick, but it brings up other points. For example, you could easily do some sort of consulting at that rate even if you didn’t have campaigns running.
Unfortunately, this sort of work still trades dollars for hours. I would prefer a slow but longer burn approach over a flash explosion. In other words, multiple sites making xxx per month which might require (relatively) more work in the beginning but little work after launch yet possibly bring in more dollars per hour in the course of its lifetime (and retain value better also because you have a property which you can flip.)
I’m not on the same model of affiliate marketing at the moment, but I would think the smaller campaigns would be worth pursuing as sort of a R&D project if nothing else. If you have the time to run smaller campaigns, then perhaps they are good for prospecting?
ahhh, yep your’e right. It does prove my point even more though for smaller campaigns
I always set an hourly price tag on my time that I work on projects and if I don’t make at least that, then I scrap it. If I make over that, awesome! I just take an overall average of how much I make an hour so that I am not working for peanuts.
That’s a great idea. Never thought about it that way.
Good points, I do that even when I’m not making much money. People are just lazy and dealing with 2 hours of phone BS and outsourcing for $10 or $30 bucks just aint worth it.
As a hardworking struggling affiliate, I’d be happy to lighten the load and take those small campaigns off your hands. My email is always open for you.
Hi friend,
Time VS Monies! Whats Worth Your Time?