Folks, those of you that read my Affiliate Arbitrage post the other day about how to use PPC to reach a higher tier on an affiliate program, BE CAREFUL! It’s very easy to lose hundreds of dollars if you aren’t careful and don’t put strict limits on your daily ad spends!
I have a good full time job with a good salary and savings in the bank that I am using to play with online by buying Google and Yahoo ads. I’ve made some mistakes and lost $50-$100 in one day doing this, and I can afford to lose it, much like people take money and lose it at a casino. It’s my play money and I’m sometimes I take risks with it. Sometimes I win, sometimes I don’t, but each time I learn something.
If you’re considering Affiliate Arbitrage, go cheap. Start with $5-$10 a day for a couple weeks on a couple of products and see how it works out. DO NOT go for the big bang items right away or you’ll get killed. The competition for the latest Clickbank product or the hottest $399 Azoogle items will eat you for lunch and you’ll have nothing to show for it.
Get started with something cheap, with low prices and low payouts until you learn the ropes. PLUS your ad success rate long term greatly affects your Adwords per click cost, as the higher your CTR and the better your ads, the less you pay. So start small, learn and build on your success.