I am totally Newbie, really need your help, hope STM can help me (7)
I am totally Newbie, really need your help, hope STM can help me
First of all, I am very new in AM, but with my experience about others type of business that I have through, I still think that AM also like investing, specially in MINDSET.
I come here with ZERO technical( my weakest), blind about direction with big dream
BUT I do with arbitrage trading, deal with buy underprice and sell to profit, deal a lot of time with fear of losing money(20-50-100% budget), making a right decision to make profit. And turn mid XX$capital to mid XXXX$/month. I think I know a bit about investing and I also want to make AM to be investing but when I came here, to much thing I don't know and I SCARE technical, some others thing happen to me made me little desperate.
My style is FAST TURNOVER and I only want to take minimum risk possible and fastest money( don't care about big profit- break even is fine-NEVER LOSE MONEY) at first because this time is for my learning, understanding HOW its works.
That why I open this Thread with hoping to get help from experienced people, can you give me some general ideas about:
- What's type of AM that fit with my style at first, detailed guide about this
- Later, when I raised my budget and experience, where is BIG MONEY in this industry.
- What threads and blog that I should follow
I know this is not just 1 question but if you can answer what you know about, I VERY appriciate this.
THANK YOU
I am totally Newbie, really need your help, hope STM can help me
If you don’t want to lose money in AM, you shouldn’t step into it.
It’s all about testing and only a few will be breakeven or into green from day 1.
Yeah, never lose money is not part of business at all. You can't have your own business and expect to never make a decision that ends up losing you money.
And because you are thinking of that, you are right to say that your mindset is the thing that needs work first.
Coming for a poker background, this came natural for me in affiliate marketing - taking calculated risks and being fine with losing money in certain situations.
You can check this thread and the whole series if you are interested in the analogy: https://stmforum.com/forum/showthrea...oll-Management
Overall, really have to change that thinking and put it more towards "I don't want to waste money", which is different from "I don't want to lose money". What you want to do is put money at risk on situations where you think it will make you more, and learn when you are wrong and actually don't make more.
You are also spending money on an STM subscriptions to learn - buying traffic is also part of the same process.
Guys above me summed it up pretty well, there is no chance not to "lose" some money when starting in AM, it's part of the process...
Since you mentioned that you are new at AM, Amy's tutorial is still the best choice for you to learn about the basics : https://stmforum.com/forum/showthrea...ntro-and-Index
I think you have to change your mindset about this.
Forget about the fear of losing money mate.
It's part of the process.
AM is not get rich quick and overnight scheme.
You will have to work, test and spend money to make money.
In other words: You have to spend money to buy data and that data will give you insights on the next steps you have to take.
Good luck!
Thank you guys.But don't get me wrong, I know that I am new and I have to lose when I start, I am not complaining about it. Just because I don't know about this industry, that why I say maybe now some traffic source is safer than others, isn't it? And yes, what it is. I am currently focus on FB/ecom, is this good for newbie and thin budget ?
And could you give me some general budget ideas per month for testing?
Don't get me wrong with my terrible English, I am not type of get rich quick( used to work 15h/day) and all I said above just meant I know that spent money to make money(actually I lose a lot before make a living).
Sorry when I blackened " never lose money",
And thank you for your sharing, I will read these threads.
Originally Posted by diajite
Fb/ecom is a good choice in terms of the potential it had ... but it's not the best fit for a tight budget. You can stay on FB but try to chose on something that is easier to convert ... some kind of leadgen, maybe sweeps... stickupkid is good with this, check out some of his threads/posts.
Alternatively, you could test adult dating, there is enough volume to scale and if you manage to find the right offers in some not so saturated GEO, it can work too.
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