The United States is a forgiving country. We love seeing people get a second chance. Well, that is what bankruptcy is all about. It gives you a chance to put everything on hold, figure out your options and then start again.
Much like cliff diving, the hardest part of bankruptcy is taking that first step and filing. You should never do it without first talking to an attorney. That being said, common themes will arise and here are some answers to them.
Is filing bankruptcy going to be the end of your life? No. It is an economic decision. That is all. It is important and there are serious ramifications, but they are not going to put you in jail or take away your birthday.
If I file bankruptcy, I will never be able to get credit, a mortgage, a car loan or any other loan again, right? Wrong. This assumption, as with many assumptions, is not only wrong, it is completely wrong in ways you cannot even imagine.
If you think credit will never be given to you again, you are going to be in for a huge surprise when your bankruptcy case ends. Why? Pre-approved credit offers are going to come rolling in like crazy till it looks like your mailbox is in a snow bank.
What credit company would possible offer you free money after a bankruptcy? All of them? You are not going to be able to file again for another seven years. They can rack up a lot of profit in that time, so why would they not give you credit?
Is it socially acceptable to file bankruptcy? Sadly, it is becoming more common these days, but who really cares anyway? Besides your creditors, who is really going to know? Nobody unless you tell them.
The purpose of this article is to take the fear factor out of your bankruptcy decision. Sit down with an attorney and get educated on all the ramifications. Going bankrupt is not fun, but it is not the end of your life. You can get through it.
The Big Breast Book
Top affiliate marketing experts tell you that only 1 out of 100 affiliates ever really do anything with the business. Yet, they tell everyone how much money they can make as an affiliate! Do you see a problem here?
Having a 1% chance of success is not the kind of business I want to start. That's even worse than the average retail business...No thanks. It's a good thing you don't have to accept those odds.
Those odds are for the average "Joe." Let me tell you how the average Joe markets the affiliate program...including their thought process.
They see an affiliate program paying 50% commission and their mind jumps to attention. They can make $50 off every $100 sale...They don't have to write any ads...and all they have to do is follow the step-by-step system already laid out for them.
In other words, they don't even have to think either! They jump at the chance and sign up for Free.
They get the instructions emailed to them from the affiliate manager. The instructions tell them to take this 5 line ad and place it in ezines. So they say, "OK, I can afford $40 for an ad." They place the ad and one sale occurs. Good. They at least made a $10 profit.
They say, "Hmmm, maybe that ezine wasn't that good of one." So they place two more ads for $75 and $100. One of these ads does well and makes 2 sales. They earned a $25 profit (paying $75 for the ad). The second ad only made one sale. They lost $50 on this one (since they paid $100 for the ad). They have now made 4 sales, and have lost a total $15.
They give up on this affiliate program in frustration. They join another affiliate program hoping this one will be answer. Maybe that last one just didn't sell good enough. This new affiliate program tells you to place "Pay-Per-Click" search engine advertising.
He says, "Yes, that's the answer. They had me placing the wrong advertising!"
Average "Joe" now spends all day coming up with keywords. He finds out that there aren't many 1 penny opportunities out there anymore...and that you have to spend 10 cents, 20 cents, or more for most of the keywords. So he ends up paying $100 the first month for clickthroughs and makes 3 sales.
This affiliate program pays the same commission so this adds up to $50 in profit. The same amount of clickthroughs occur the next month, but only 2 sales occur. So, average Joe just breaks even this month.
So average Joe gives up on this affiliate program and joins a new one. This time average "Joe" says, "I know the secret now. I have to only use Free advertising." So Joe spends 10 hours writing his first article and sends it out to ezines.
One of them runs the article and 1 sale occurs. So average "Joe" earns $50. The only problem is that this breaks down to only $5 an hour once you count the amount of time spent to produce this sale. Average "Joe" could have done a lot better working overtime at their job!
So average "Joe" says forget it to the whole idea...
Let's take a look at what happened. Sometimes money would be made. Other times money was lost. Do you notice who makes a profit no matter what happens...and never has to risk a penny? That's right. The affiliate manager makes money no matter what!
The average affiliate may earn or lose money. The affiliate manager only pays them when they generate a profit. So the affiliate manager wins on the deal whether the advertising system they write up for their affiliates works well or not.
The deck is stacked against the average affiliate. They only had a 1% chance of playing this game and winning.
Let's change the odds.
The big myth of online affiliate programs is that someone will "hand" you a good income. All you have to do is sign up for Free, and it's like money in the bank. Most people realize this, but the affiliate program managers make it sound so easy sometimes.
The key to becoming a successful affiliate is to stack the deck in your favor. This will shock some people, but I'll say it anyway.
The best way to succeed in an affiliate program is NOT to lead people to the product site. The best way isn't to build a mini-site that leads into the product site either. Both of those methods promote the affiliate manager...and leave you out of the profit loop.
The best way to make money in affiliate programs is to build an opt-in email list and then promote one affiliate product after another to your list. The purpose of your web site is to build a list. If you're doing anything else with it, then you're missing out.
Focus on building your list...and then selling the products you affiliate with. Then, you become the one in control. It's your list. If you want to promote Suzy's product, then you do it. If Suzy doesn't pay you well enough, then you can promote someone else's product. You still OWN the list.
You can change income streams, but you own the RIVER.
Both William Gibson & John Farina are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
William Gibson has sinced written about articles on various topics from Bankruptcy Law. Wondering about buying a car after bankruptcy? William Gibson writes about this and more at. William Gibson's top article generates over 1900 views. Bookmark William Gibson to your Favourites.
John Farina has sinced written about articles on various topics from Video Games, Affiliate Programs and Computers and The Internet. John J Farina is a writer and a successful affiliate marketer. He also provides expert reviews on which affiliate programs to join and ones to avoid like the plague. If you would like to take a look at the affiliate programs he is currently involved with. John Farina's top article generates over 33100 views. Bookmark John Farina to your Favourites.
Award For Academic Achievement Educating a child is not easier than the first, but you can guide your children to have an independent and responsible school life by helping him develop different skills such as the ones mentioned a...
