I'm working on a very simple calculator for AffKit to optimize the cash-flow so you can keep the campaigns running and I need some feedback from you.
There are 2 scenarios after you find a winning campaign(starting out) assuming that you also have a limited budget:
1)You burn all your money on the campaign as quick as possible. Milk it quick before it dies/competition gets in.
2)You split your available money equally among the days remaining until the next payment so yo have a fixed daily budget and you'll focus on improving the ROI.
I experienced both scenarios, 1) when I was a newbie and 2) later on or a combination of both.
Of course, the calculator I'm building I want to be based on scenario 2), but I'm missing something here? What's your strategy when dealing with cashflow or at least what do you suggest newbies to do?
Hmm I have never experienced this issue. When I was starting out I would just put all my money into the campaign with the highest ROI. Once I had enough to keep the highest ROI campaign rolling, then I would fund any other campaigns I may have had sitting there.
I'd just suggest newbies focus on their highest ROI campaign, and push their affiliate network to pay faster with the promise of bringing more volume.
I'm not really sure if a calculator's needed for this.
I had cashflow issues as a newbie. I beat it by getting an AMEX Plum (unlimited) and asking for weekly wires.
If you're on a limited budget, then just stick it on the highest ROI campaign. Tell your affiliate manager you can blow this campaign up, but you have cashflow issues. They'll be willing to send you early payments.
Couple things (try to get all of them).
1. Daily, or 2x a week payments from your network.. if not weeklies for sure!
2. More than 1 visa, and higher limits on your visas.
These 2 things combined will usually solve your problem within a month.
Obviously, if you're getting more credit be VERY sure that your campaigns will continue to work, and your network will pay.
Also, it's far better to get credit through a limited company than personal credit if you possibly can, obviously. You do NOT want to lose your house because you tried to scale too fast.