Human Action

What aspects of Affiliate marketing are the hardest to overcome?

I think the time it takes to get your first sale can be really tough.

In most cases it won’t be quick and it won’t be easy.

It takes a lot of work, a lot of trial and error. A lot of making mistakes and trying to learn from them.

Figuring out what you might have done wrong – and improving on that.

Especially with so many courses and ebooks now saying it’s so easy – that can really bring you down if it doesn’t come easily for you.

Anyone can do affiliate marketing – that’s true.

But it could take a while to succeed in it, with a lot of disappointment along the way.

So that’s the hard part for me – keeping the faith and the effort while the “proof of concept” isn’t there.

If that’s you – hang in there! It’s coming! Just keep grinding.

Hope that helps

Jon

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What mistake did you make that lost you a lot of money?

About 18 months ago my wife and I adopted an amazing 7 year old girl.

Until she moved in with us, I commuted to work by bus – I work in a city about 50 miles away from where we live so the commute took about 2 hours door to door.

Once she moved in with us, we knew that this arrangement wouldn’t work anymore, we also knew that the petrol costs would be too high to do the commute every day with a petrol car so we decided to get a hybrid.

And here is where we made the big mistake.

We bought a used hybrid from a dealership that we financed with a car loan.

By the end of the loan term (5 years) we will have paid about 125% of the car’s value at the time we bought it.

It was a big mistake but we learned from it – we will never take out a car loan again.

It’s so easy nowadays to find reliable cars you can get for cash without the need for a loan, everyone should be doing that.

Hope that helps

Jon

Join My Journey Into Print on Demand

Hi, this post is going to be a bit different to the ones I normally post here.

In this post I’m going to share with you a new venture I started recently.

It started with a free webinar I attended about a program called “The Low Hanging System”.

This program teaches members how to start a print on demand business using very simple designs.

The great thing about print on demand – and I certainly didn’t know this was the case until this webinar – is that unless you had somebody make the design for you, you don’t actually pay for the product until you sell it.

Which is something that I always really love – the only risk that you carry here is that you’re wasting your time.

And really, as I’ve come to learn with most online businesses, if you just keep at it, learn from others and from your own mistakes, you won’t be wasting your time.

And just like with a lot of other online businesses, it’s a numbers game.

The chances that you’ll hit a winner in your first attempt are very slim. So you accept that and keep trying.

Now, although the LHS sounds really tempting and I’m definitely going to get it soon having decided to really go for it with POD, I haven’t joined it yet simply because of a tragedy that hit our family this week that sort of put my plans on pause for a few days.

Anyway, I’ve now decided to go full on and list 5-10 items on a daily basis.

The good thing is that I work with ebay, which makes listing multiple similar items very quick and easy.

So this is an invitation to join me on my POD journey, I’ll post weekly updates about what I’ve done, how I’m doing and what seems to be working (and not working).

Hope that helps

Jon

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What can we do so we don’t depend on monthly salaries?

It’s great that you’re thinking in this way, as it’s starting to become more and more mainstream – the notion that we cannot rely on our salary income as our sole source of revenue.

Relying on our salary is akin to a business relying on a single client as their sole source of income. It’s tremendously risky and you’d say that a business like that does not hold its fate in its hands. It’s dependent on that client.

Well, if you want to stop relying on a single client you have to think what value you can provide that people would pay for. This can be a skill that’s very high in demand (such as video editing or writing sales letters) that you can sell on sites such as Fiverr.

It can also be some form of teaching where you sell your knowledge via an ebook, an online course or sell someone else’s knowledge through affiliate marketing.

You can also sell products on a website like ebay, Amazon or Etsy – you can sell your own products through your own artwork or what’s known as print on demand, or someone else’s through dropshipping.

It’s easier than ever before to make money online, but you need to be willing to consistently put time and effort, and forget about everything you might have heard about quick, easy money. There’s only one way to make quick easy money – scamming.

Hope that helps

Jon

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[Question I received] I’m 18 and there is nothing these days except killing and everything closing down with no where to go. I’m starting to give up on life. Should I quit?

Hi,

I’m sorry that we – the adults in your life and in positions of power – have let you down this badly that you’re thinking there isn’t much point in going on.

The truth is that there has never, in thousands and thousands years of human history, been a better time to be a human than the present day.

Buzz Luhrman wrote in his cheesy yet iconic song from the 90s, “Everybody’s Free to Wear Sunscreen”:

“Enjoy the power and beauty of your youth. Oh, never mind
You will not understand the power and beauty of your youth until they’ve faded. But trust me, in 20 years you’ll look back at photos of yourself and recall in a way you can’t grasp now how much possibility lay before you and how fabulous you really looked”.

I was there where you are at when I was 18. Feeling like there isn’t much point of going on, that life for me will be full of failures and disappointments. I was on the brink. It does get better.

But I would suggest that you disconnect from the news for a bit. No good comes from following the news, and you will not learn more about the world from watching them. Read, play, write, start selling something online 🙂 do something that makes you happy.

Hope this helps and feel free to contact me for anything.

Jon

What are the ten most important things about personal finance that everyone must know?

In your personal life, there is no such thing as good debt

There’s this myth that some debt is “good” because it’s used for growth.

The truth is that even when people take out loans with the intention of using it as an investment, they usually cannot resist the temptation to use it for consumption. So don’t take that risk.

You do not have to budget to get your finances right

Most people think that in order to be well off, they need to budget.

By budget I mean be frugal with their expenses.

They’ll skip over their income line, thinking that it’s a set amount.

It isn’t.

Nowadays anyone with an internet connection and a smartphone can start making money online in any number of ways.

Don’t think that you need to go through a financial “diet” to start saving.

Being an employee is not the safe option

People tend to think that working at a 9–5 is the “safe” way to go.

We’re all taught from a very young age that trying to make it on your own is “risky”.

But just think of it this way-

If you set up your own business, whatever it is, you can have multiple income streams, each powered by multiple clients.

When you have a job, you have one client – the company you work for.

So you tell me which is more “risky”.

Pensions are a scam

This isn’t an absolute truth, it’s my opinion.

But it’s my opinion based on over a decade of working in the financial services industry.

An employer’s pension essentially forces you to put some money aside for your retirement.

Now, apart from the twisted logic of reducing your income in your 20s-30s (when your income is usually lower) to increase it in your 70s (by which age you could have used that money to invest for yourself and generate wealth)-

I don’t really believe in the viability of pensions.

First, unless you sacrifice an insane amount, there’s no way it’s going to fund your retirement – and if you don’t believe me check any pension calculator.

Second, the money you put in there is prisoner money, usually protected by beneficial tax rules, as long as you keep the money in until your retirement.

Now, in pretty much every country that has a social security/ national insurance system, that system is going bankrupt in the next 20 years.

And when that happens, you tell me if you think politicians will hurt older constituents who vote at very high rates and who have younger relatives who’ll be outraged that their parents/ grandparents saved all their lives and now there’s no money for them…

…or young voters who don’t really vote and won’t really feel the pain…

For the 14 years that I’ve been made to save for my pension, I’ve been saving the minimum amount required by law. I don’t plan to retire in the classical sense. I plan to generate income and wealth for as long as I’m physically and mentally able to.

There are no blocks, just obstacles to your success

My grandpa’s family fled Germany from the Nazis when he was 13.

They got to a depression-hit US, a family of 6 with no relatives in America, and he couldn’t go to school because he had to help support the family.

When he passed away at 93, he was a millionaire who had paid for his son’s education, as well as that of his 7 grandchildren.

There. Are. No. Blocks. To. Your. Success.

There are only obstacles, the biggest one of which is the choices you are willing to make to become successful.

Well this post has gone quite long now, and I’ve given you five to get started.

Now you go and figure out the other five.

Hope that helps

Jon

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What is the best financial advice you can give someone making £25k per year?

I was there not too long ago, I made even less than that as a trainee accountant after moving to the UK.

What you should be doing is first of all live within your means.

Live in the least expensive property that you can.

If you can live without a car – do it.

Search online for the cheapest deals you can get on utilities and mobile phone – do not upgrade your phone unless you absolutely have to.

Do not go out for food or drinks. Budget your weekly expenses and keep to that budget as much as possible.

These are the type of things that separate those who are poor and those who are broke for a short period, and lift themselves out of that situation.

And then, when you’ve reached a point that you’re not bleeding out money, you can start thinking about investing in yourself so that you don’t make £25k for long. And it’s easier than ever to do that now.

Hope it helps

Jon

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What chores do you pay your kids to do or reward them in some way?

To be honest, I’m not a huge fan of paying your children to do stuff.

Some people pay their kids to do chores around the house, or even to play with their younger siblings.

The idea behind that is to get your child motivated to do whatever it is you want them to do, and to help them understand the concept and value of money.

However, I believe that it actually creates a distortion in the child’s mind.

First, this will create an expectancy on the child’s part that anything they do that isn’t completely for their enjoyment, they should be paid to do.

And that’s not just true for any chore or anything they might not want to do (like going over to relatives for a holiday).

That’s true for life as well- that child, in my opinion, would be much less inclined to take part in any form of charity, because they should be paid for anything they don’t like doing.

In addition, it will not teach them the value of money because when you get paid for something it’s very novel and rewarding at first.

But very quickly you get used to it and take it for granted.

A child that suddenly finds themselves with $20 in their hand with no financial obligations will not understand the value of money from this – quite the contrary this will set them up for being very careless with their money (they’ll get used to spend it all because they can and they know that more is coming).

And anyway, there are ways that are far more educational and ethical to teach your child the value of money – and here’s just one example.

Give your child a weekly allowance of, say, $5. Tell them that for any amount they don’t spend, they will earn a 5% weekly interest. Obviously that’s way more than they’ll get right now in real life, but it will teach them the value of saving.

But anyway I think you should never, ever pay your child to do something.

Hope that helps.

Jon

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Which skills are the best to have to make money?

Learn to sell.

If you can sell, you’ll never grow hungry and you’ll never be out of work.

If you think you can’t sell, realise that you already sold yourself on not being able to sell.

Humans are born sellers, all of us, and if you think you’re no good at it – it’s only because you sold to yourself that you can’t sell.

So go learn it and make some money. I learned some trade secrets from Michael Cheney, who has over 20 years experience in internet marketing and has made millions doing that.

Following Michael’s method’s, I went from thinking I can’t sell to having several side hustles and gaining authority on how to make money online.

I’ve bought several of Michael’s products, but the one that I felt had the best value and most secrets that you just won’t hear elsewhere, is Commission Cartel .

Check it out, and start selling!

Hope that helps

Jon

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How can you make better financial decisions?

The past few months have really pulled the rug under many people’s feet.

People who had their 9-5, felt safe with a steady, predictable income coming into their bank account every month, and felt that they had life figured out.

But then the lockdowns happened, and you might be one of the millions of people worldwide that suddenly found that their 9-5 isn’t actually that safe. Maybe you found that your 9-5 doesn’t even exist anymore.

And now you’re asking yourself what you did wrong and what you can do to make it right, and make sure you’re never in this position again.

Well, being aware that you need to do this is the first step.

And once you’ve come to terms with that, it’s time to take some actions.

First thing to do is look at the past 6 months of bank statements (so that you also cover a decent period pre-covid).

Type those bank statements into a spreadsheet, dividing them into categories- utilities, rent, groceries, eating out, shopping etc.

Highlight some of the highest amounts in each category, specifically those that have the least impact on your quality of life (for instance, whether you use internet provider A v B) and start thinking about ways you could optimise those expenses.

You should also look for patterns- are you buying coffee every day? Are you buying small things here and there that add up on a monthly basis? Many people don’t even realise how much they spend on those “little things” that can really add up on a monthly basis.

Once you’ve taken care of your expenses, hopefully you’ll have saved enough to get you comfortable to invest in yourself and start building yourself an income stream that you control. I can help you with that.

Hope that helps

Jon

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