Jeremy Palmer's email newsletters always fascinate me. I've interviewed him, study his ebook, and know him but I always learn so much when I read these. They are a bit sporadic but always real and full of good information.
I was interested in what Jeremy wrote about starting a business and becoming a success. From talking to him in the past, it seems as if his path to success was fairly straightforward and relatively painless. I should've known better. I also see how I could've asked more in-depth questions and really listened to the answers.
Here are some main points about his path to success to making over a million a year as an affiliate marketer:
- He didn't quit his day job until I he had built up his savings account AND was earning a consistent and predictable income
as an affiliate.
- He was “a floundering entrepreneur” at one point, trying to make it as a web consultant. The business failed. There were other “failures” he learned from (mine are documented in this blog if anyone wants to read them, lol).
- He quit his job prematurely once and put too much stock in one client, so the next time he took the time to lay a stronger foundation before he quit for good.
- He worked on affiliate marketing part time at first (2-4 hours a night), after work and reinvested everything back into his business. He sacrificed a lot of free time and weekends.
- Anyone who tells you it's easy to be an overnight success is lying to you. If you don't have a foundation, you will probably spend more money and time learning from your mistakes than getting rich.
- Learn as much as you can but the most useful knowledge comes from your own experience. You learn most when you put what you've learned into action.
“It was hard managing a full-time job, family, and my new affiliate business at the same time, but I knew that if I put in the hard work
it would pay off…you might be able to earn some pocket change by putting in such a minimal effort, but if you're serious about
quitting your day job and earning a substantial income it's going to take work.”