{"id":4184,"date":"2016-08-04T11:57:07","date_gmt":"2016-08-04T15:57:07","guid":{"rendered":"https:\/\/digitalreadymarketing.com\/?p=4184"},"modified":"2016-08-04T11:57:07","modified_gmt":"2016-08-04T15:57:07","slug":"profit-mindset-profitable-amazon-associate","status":"publish","type":"post","link":"https:\/\/digitalreadymarketing.com\/profit-mindset-profitable-amazon-associate\/","title":{"rendered":"Profit First Mindset – Become A Profitable Amazon Associate"},"content":{"rendered":"

\"profit<\/a><\/p>\n

I must admit I was wrong. So wrong that when I found out “I was wrong” I almost wanted to cry.<\/p>\n

No, it was not a cry for sadness, but rather a cry for joy.<\/p>\n

I came to realize I was modeling my online business after those cash sucking Silicon Valley Start Up companies.<\/p>\n

let me back up a little bit and tell you this story…..<\/p>\n

The Beginning<\/h2>\n

After some in depth analysis on Amazon affiliate income<\/a> and predicted how much I could make<\/a> at the end of 2015, I decided to go full scale by hiring and expanding my team. I was not thinking about how much I was spending but rather how much I could potentially make. I started off by hiring people and spending a lot of time delegating all the tasks including analysis and collecting site data.<\/p>\n

It was an exciting time. We managed to accomplish a lot but soon the reality hit.<\/p>\n

A lot of the work we\u00a0did ended up producing “nice to have” stuff like data analysis, beautiful graphics, Social likes \/ follows etc.<\/p>\n

I was running out of money FAST and the website traffic wasn’t increasing. Revenue was inconsistent month after month and not enough to cover the cost.<\/p>\n

Eventually I had to let my team go.<\/p>\n

I was not thinking like a frugal entrepreneur\u00a0but rather a CEO of a venture backed Start up….. even though it was backed by my full time job paychecks.<\/p>\n

The Book: Profit First<\/h2>\n

I was depressed and sad.<\/p>\n

Around then, I came across to a book called Profit First<\/a>. Essentially, it talks about why many small businesses fail by not paying the owner of the business. A lot of the business owners have the typical Silicon Valley mentality.<\/p>\n

I was one of them. How wrong was I to think the only way to grow a business is to put more money in it.<\/p>\n

So, I took the advice and scaled it down. Started only working on tasks that mattered such as SEO my sites and building backlinks<\/a>.<\/p>\n

It was tough. I mean REALLY tough. But slowly it started to pay\u00a0off.<\/p>\n

Where I am and where I want to be<\/h2>\n

I am not out of the woods yet. Thanks to cost cutting and slow but steady revenue increase, the business has been breakeven\u00a0for a few months now\u00a0and even creating a small profit.<\/p>\n

Now I can use that profit to get some help on the tasks. I want\u00a0the business to be self-sustainable and keep it that way. It may grow slower but at least I can sleep better at night.<\/p>\n","protected":false},"excerpt":{"rendered":"

I must admit I was wrong. So wrong that when I found out “I was wrong” I almost wanted to cry. No, it was not a cry for sadness, but rather a cry for joy. I came to realize I was modeling my online business after those cash sucking Silicon Valley Start Up companies. let […]<\/p>\n","protected":false},"author":1,"featured_media":4185,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seo"],"yoast_head":"\nProfit First Mindset - Become A Profitable Amazon Associate - Digital Ready Marketing<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/digitalreadymarketing.com\/profit-mindset-profitable-amazon-associate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profit First Mindset - Become A Profitable Amazon Associate - Digital Ready Marketing\" \/>\n<meta property=\"og:description\" content=\"I must admit I was wrong. 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