There are a lot of resources that go into the production of a strong affiliate business, from financial considerations centered around budgeting to educational materials you use to improve your own knowledge.
However, the most important affiliate resource is one that you already have, but may not recognize as a resource: your time.
Time Is An Asset
Your time is an asset…or can be.
When starting out with internet marketing, many individuals neglect to consider the tremendous amount of time it takes to get going in this industry. Yes, the payouts can be incredible, but they only come after months (sometimes more than a year) of hard work.
Try the following thought experiment. If you had a job that would let you work from home whenever you want to (essentially replacing the hours you spend on your site), how much would that job have to pay you in order to convince you to stop working on your site and instead just do the hourly wage job?
Answering this question is only the first step in evaluating the monetary value of your time, but helps illustrate the point that your time has significant value that should not be wasted.
Because this time has value, the use of your time is an asset if and only if you use it to develop further assets. If you’re going to put in the time and effort to build a strong affiliate business, you should make sure that you’re using your time as effectively as possible.
Managing Your Time Effectively
Effective time management is a tremendous subject that is far too broad to cover well in this post. Instead, I just want to point out that in order to manage your time well, you need to be aware of exactly how you’re spending it, and how you’re wasting it.
Can you imagine running a business where you spend money without thinking about how you spend it, or whether that money is acting as an investment in building the business? Of course not. The same is true with time. If you’re “working” on your affiliate site, you better be working on the site, not wasting time.