Making Money Involves Taking On Risk

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To make money in the world of entrepreneurship you absolutely have to take on risk. In my opinion, that risk is easily divided into the risk of time and money. There may be other types of risks out there like the risk of reputation, but I like to focus on time and money because it cuts out a lot of the confusion.

Starting a successful, profitable affiliate blog is an entrepreneurial endeavor. Let’s not pretend we’re inventing the new Facebook here, but it’s still a business, and the basic principles of risk apply.

As you start and grow your blog, you’ll have to make some greece whatsapp mobile phone number list about risk, namely if you want to risk time or money to grow your blog. Here are my thoughts on how I’ve broken down risk in my own blogging timeline from 2010, and perhaps this framework can help you better assess risk in your own online business.

Beginners: Risking Time
Dissolving orange clock to represent the risk of losing time
One of the best things about starting an affiliate blog is that you can bootstrap it with very little money. With a $15 domain and $50 hosting, you can launch a new website and have it earning six figures within a year. Ask any other entrepreneur in any other industry if they could launch their business for $65 and run the first year of operations for $600 and they’d laugh.

This is the reality of affilaite blogging.

It’s not easy to do it though. One of the core components to starting a successful blog is content creation, and creating content takes time.