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- Oct 23, 2020
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I'm starting to feel like a failure and it's really getting to me - A LOT. As I read about people in this group consistently hitting 5-fig and 6-fig months in affiliate, I begin to realize how much I've failed and in the biggest ways possible. Things started to really affect me when I found myself running stats saying to myself, "please be sales, please be sales." Then after seeing nothing, getting more depressed than I've ever been.
A little backstory for all and how I got to this point...
I've told my whole story here in my introduction thread. https://www.buildersociety.com/threads/nice-to-meet-everyone-heres-my-story.5523/ But I find myself still trying to figure out how the heck I'm going to get back from an algo hit that nearly crippled me.
Current state remains: - Lost all monthly IM earnings at one point and dropped to less than $2k a month due to rankings tanking and algo update aftermath.
I'm working on things to bounce back but it's a punch to the gut and a battered and bruised crawl up.
Although I've saved into the 6-figs in affiliate earnings over the years (peanuts compared to real earners here), I feel like a complete failure not being able to generate affiliate income lately. My earnings are complete shit today. Like a pile of elephant shit embarrassing. That's how big of an embarrassment and unsuccessful humiliation it feels like.
I've asked myself a lot of questions lately and made changes in order to get over this hump. Some of those questions are:
Am I not working hard enough? I wake up at 530am and work until 11pm. Aside from a Workout and an hour for some family time - I grind. That's about it. Then I get up and do it over again.
Am I trying to run too many projects? I've recently made a change in order to try and get more focused. Having 80 small sites live (out of hundreds of domains) worked years ago and the thousands I spent on domains and hosting may have been worth it, but when you look at the whole P&L overtime, that was a really fucking stupid idea. The assets are worthless and cannot even be sold given the niche and the quality of them. I've taken this to an entirely different level outside of affiliate too. Getting rid of things in my home (books, office stuff, clothes, random things I've not used in months, digital stuff) thinking that all of it is nothing but clutter and distraction.
Am I spending time doing the right things? This is a question I still don't have the answer for. In my head I'm always thinking, I can write that better or no one is going to do a better job than me or no one will care as much as I do about this. Although I outssource writing and a few other things, I'm beginning to think that I'm far too hands on here. Trying to touch everything when in fact I should be trying to touch less.
Did I make the right partner choices? The most financially successful projects that I've done (which have come tumbling down due to rankings) is in a JV approach. With myself or the partner having an edge and/or skill match that makes it a good fit. But looking back, I've put in far more sweat equity and equal money for those to be profitable. Many times it's because the partners have other successful projects where as I don't and I choose to put forth effort in that one or two with them versus my own.
Am I trying to accomplish something that's impossible in a niche? The level of spamming and blackhat in my most lucrative niche is unreal. Acquiring good links is very hard too. Like amazingly unreal to the point that it feels like Google could care less and just completely ignores it. Am I wasting my time spending hours trying to not only win in the niche but beat them at a game that cannot be beat? Going from $20k a month to less than $2k is emotionally and physically painful. But it's hard to walk away from something that once felt so great.
Should I try a new niche? I hear and read about stories of people printing 5 and 6-fig monthly checks in case studies in certain niches. I find myself wondering if I should shift entirely and give them a try. After failing in testing waters in a new niche (half-ass low-investment in CBD) I don't know if another new niche is worth trying to get into.
Am I wasting time trying to revive things? I'm doing everything I can to revive my best earning affiliate site based on @Ryuzaki kitchen sink plan. I'm only doing this because it was my biggest money maker. But, my partners could care less about the projects and they've pretty much checked out when earnings tanked. Keep in mind, it's largely because they don't have the need for the income, where as I do need and want it. They do not want it as bad as me. Not enough to put in the time and effort it seems.
Should I shift from a main SEO focus to media buying? I find myself contemplating jumping from SEO to focus on media buying instead to try and reach bigger numbers. But those are critical skills that I don't currently have a great handle on.
Do I not have enough processes in place? I feel I've largely dropped the ball - BIG TIME. The "I'll just do it" mentality as completely crippled me. For many years, I've done everything. Even those early days when I made 5-figs a month. I was doing this most of this myself with partners handling heavy tech and linkbuilding only. Did I screw up here by putting this off and not scaling quicker?
Do I suck at building links? I've come to the realization that I'm really not a good link builder. It's an area that I just don't put enough attention into and if I did a better/smarter job here would I have not failed?
Given that my ultimate goal is to hit a $50k month (maybe it's better to set this to $100k a month and I'll have a better shot at actually hitting $50k. Dan Pena would laugh at my goal.) and I'm so damn far away from that now that all of these things mentioned above make me feel like a total failure today.
I'm wondering how many people have been in this position/situation and what you did to overcome it. I will work as hard and long as needed even if I feel like a failure.
Eitherway, I will anxiously wake up everyday and do the work. Hopefully, a lot different though because something (probably a bunch of things) need to change if I want to be successful in the affiliate game. Thanks for listening to me today. Sometimes just talking about it helps.
A little backstory for all and how I got to this point...
I've told my whole story here in my introduction thread. https://www.buildersociety.com/threads/nice-to-meet-everyone-heres-my-story.5523/ But I find myself still trying to figure out how the heck I'm going to get back from an algo hit that nearly crippled me.
Current state remains: - Lost all monthly IM earnings at one point and dropped to less than $2k a month due to rankings tanking and algo update aftermath.
I'm working on things to bounce back but it's a punch to the gut and a battered and bruised crawl up.
Although I've saved into the 6-figs in affiliate earnings over the years (peanuts compared to real earners here), I feel like a complete failure not being able to generate affiliate income lately. My earnings are complete shit today. Like a pile of elephant shit embarrassing. That's how big of an embarrassment and unsuccessful humiliation it feels like.
I've asked myself a lot of questions lately and made changes in order to get over this hump. Some of those questions are:
Am I not working hard enough? I wake up at 530am and work until 11pm. Aside from a Workout and an hour for some family time - I grind. That's about it. Then I get up and do it over again.
Am I trying to run too many projects? I've recently made a change in order to try and get more focused. Having 80 small sites live (out of hundreds of domains) worked years ago and the thousands I spent on domains and hosting may have been worth it, but when you look at the whole P&L overtime, that was a really fucking stupid idea. The assets are worthless and cannot even be sold given the niche and the quality of them. I've taken this to an entirely different level outside of affiliate too. Getting rid of things in my home (books, office stuff, clothes, random things I've not used in months, digital stuff) thinking that all of it is nothing but clutter and distraction.
Am I spending time doing the right things? This is a question I still don't have the answer for. In my head I'm always thinking, I can write that better or no one is going to do a better job than me or no one will care as much as I do about this. Although I outssource writing and a few other things, I'm beginning to think that I'm far too hands on here. Trying to touch everything when in fact I should be trying to touch less.
Did I make the right partner choices? The most financially successful projects that I've done (which have come tumbling down due to rankings) is in a JV approach. With myself or the partner having an edge and/or skill match that makes it a good fit. But looking back, I've put in far more sweat equity and equal money for those to be profitable. Many times it's because the partners have other successful projects where as I don't and I choose to put forth effort in that one or two with them versus my own.
Am I trying to accomplish something that's impossible in a niche? The level of spamming and blackhat in my most lucrative niche is unreal. Acquiring good links is very hard too. Like amazingly unreal to the point that it feels like Google could care less and just completely ignores it. Am I wasting my time spending hours trying to not only win in the niche but beat them at a game that cannot be beat? Going from $20k a month to less than $2k is emotionally and physically painful. But it's hard to walk away from something that once felt so great.
Should I try a new niche? I hear and read about stories of people printing 5 and 6-fig monthly checks in case studies in certain niches. I find myself wondering if I should shift entirely and give them a try. After failing in testing waters in a new niche (half-ass low-investment in CBD) I don't know if another new niche is worth trying to get into.
Am I wasting time trying to revive things? I'm doing everything I can to revive my best earning affiliate site based on @Ryuzaki kitchen sink plan. I'm only doing this because it was my biggest money maker. But, my partners could care less about the projects and they've pretty much checked out when earnings tanked. Keep in mind, it's largely because they don't have the need for the income, where as I do need and want it. They do not want it as bad as me. Not enough to put in the time and effort it seems.
Should I shift from a main SEO focus to media buying? I find myself contemplating jumping from SEO to focus on media buying instead to try and reach bigger numbers. But those are critical skills that I don't currently have a great handle on.
Do I not have enough processes in place? I feel I've largely dropped the ball - BIG TIME. The "I'll just do it" mentality as completely crippled me. For many years, I've done everything. Even those early days when I made 5-figs a month. I was doing this most of this myself with partners handling heavy tech and linkbuilding only. Did I screw up here by putting this off and not scaling quicker?
Do I suck at building links? I've come to the realization that I'm really not a good link builder. It's an area that I just don't put enough attention into and if I did a better/smarter job here would I have not failed?
Given that my ultimate goal is to hit a $50k month (maybe it's better to set this to $100k a month and I'll have a better shot at actually hitting $50k. Dan Pena would laugh at my goal.) and I'm so damn far away from that now that all of these things mentioned above make me feel like a total failure today.
I'm wondering how many people have been in this position/situation and what you did to overcome it. I will work as hard and long as needed even if I feel like a failure.
Eitherway, I will anxiously wake up everyday and do the work. Hopefully, a lot different though because something (probably a bunch of things) need to change if I want to be successful in the affiliate game. Thanks for listening to me today. Sometimes just talking about it helps.