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  1. #1
    Member Azam's Avatar
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    Question What's your exit strategy?
    Just wondering if people plan to be working on their websites/PPC campaigns until the Angel of Death calls upon them or if they have plans to leave the arena at some stage in the near or distant future.

    For what it's worth, I was adamant I was going to leave this job by 1 January, 2000. Pretty embarrassing as I told every one. Daren't tell anyone my target date now as it keeps getting delayed and never quite seem to be earning enough money to fund serious time away from PC (still have bagfuls of faith; "by this time next year Rodney we'll be millionaires" )

    The plan is to sell some the sites and automate the rest of the operation so it runs by autopilot or minimal maintenence. Then can work part-time on websites so I can do other things I find more enjoyable. Only problem is can't sell websites because the vast majority of domain names/sites for sale on the other webmaster forums I hang around on go for $30 and it kinda devalues our ventures... ah well, must get around to contacting some business brokers sometime this week.

    When do you plan to leave the internet? And what will you do with your websites?

  2. #2
    AM Navigator Geno Prussakov's Avatar
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    Quote Originally Posted by Azam.com
    ...And what will you do with your websites?
    Get 'em as valuable as possible and - when you have something better to do - sell 'em.

    Tho', having said this, it hit me that I will really miss 'em...

    However, I guess, I'll have other things to worry about when I'm 90.

    Geno

  3. #3
    ABW Ambassador
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    What exit strategy?

    I love this biz and intend to pass my business on to my kids eventually.

  4. #4
    Internet Cowboy
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    Why retire from something that makes money every day and can run for long periods of time on auto-pilot?


  5. #5
    ABW Ambassador
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    I know a guy who was an attorney for 30 years in the Bay Area.
    He retired to do affiliate marketing.
    Lives in a new house that phetamine built.

  6. #6
    AM Navigator Geno Prussakov's Avatar
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    Thumbs up
    Quote Originally Posted by UncleScooter
    Why retire from something that makes money every day and can run for long periods of time on auto-pilot?
    Now this is the right philosophy for an affiliate! It's slightly different for merchants tho'...

    Geno

  7. #7
    notary sojac Herb ԿԬ's Avatar
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    Talking way to go . . .
    exit strategy?

    from AM: possibly lose interest about the time I'm shot in the street by an irate husband, probably when I'm 115.

  8. #8
    AM Navigator Geno Prussakov's Avatar
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    Question
    Quote Originally Posted by Herb ԿԬ
    from AM: possibly lose interest about the time I'm shot in the street by an irate husband, probably when I'm 115.
    Always wanted to ask: Herb ԿԬ, what do the ԿԬ in your nickname stand for?

    Geno

  9. #9
    Member Chocolate_Chicken's Avatar
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    I'm not going anywhere.

    Initially I entered the internet world as a vendor, but stumbled upon the affiliate angle and it clicked. If the affiliate stuff ever withers, I'll go back to the vendor route.

  10. #10
    Member Chocolate_Chicken's Avatar
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    It's a nose and eyeglasses, sans moustache.

  11. #11
    Moderator MichaelColey's Avatar
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    For me, I'm putting the maximum possible into my SEP IRA (20% of earnings up to a maximum contribution of $40,000 or so per year). That's a big part of my exit strategy.

    I'm also open to offers to buy my business, although it's been years since I've had a serious offer. I would be looking for a minimum of 10x annual earnings. I would accept up to half of that in stock if it's a reputable public company, but would prefer cash. I would be open to up to a two year employment arrangement with some restrictions. I would want a salary at least equivalent to my current annual earnings. I would want to work remotely, but would be willing to travel one week out of the month.

    Those are some pretty aggressive requirements (although nothing like what some big companies sell for), and I don't expect many offers. I'm very happy doing what I do, and will continue to do it until the right offer comes along. In the meantime, I have probably 10 years worth of ideas for other sites, and will continue to grow my sites, build new sites, and put away money for the future through my SEP IRA and other investments.
    Michael Coley
    Amazing-Bargains.com
     Affiliate Tips | Merchant Best Practices | Affiliate Friendly? | Couponing | CPA Networks? | ABW Tips | Activating Affiliates
    "Education is the most powerful weapon which you can use to change the world." Nelson Mandela

  12. #12
    Plazan Merchant Neil's Avatar
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    I have only started 1 year ago !!! .
    and now you want me to tell you what i am going to do at the end....
    HANG ON !!
    Find us at shareasale.com 12% commission
    Shareasale Merchant 7191
    PLAZAN SKIN CARE As seen on TV . Used by Jennifer Lopez

  13. #13
    Domain Addict / Formerly known as elbowcreek Thomas A. Rice's Avatar
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    For the right price, I'd sell. But I have a few sites that are going to require six digit figures before I bother ( so I guess I'll be here for a while, hehe ) .
    Following everyone else is a GREAT way to become average.

  14. #14
    Troll Killer and best Snooper!
    I decide when the pigs fly!
    Rhea's Avatar
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    Death *IS* my exit strategy.

  15. #15
    AM Navigator Geno Prussakov's Avatar
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    Quote Originally Posted by Rhea
    Death *IS* my exit strategy.
    I like this!

    Geno

  16. #16
    Outsourced Program Manager Jorge - SHOPiMAR's Avatar
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    None!

    Have you seen the gas prices and the traffic?

    After 20 years offline in the computer field, from fixing, to consulting to selling computers, heck, I was even one of the TOP sales agents at Tiger Direct, yes tigerdirect.com, (one of the best companies I worked for and left only to start my own computer support business), as far as know IT is what I like and my calling.

    So, I think I'll now spend the next 20 (or more) years online and on ABW as I agree with UncleScooter and womanht too.


  17. #17
    ABW Ambassador Ron Bechdolt's Avatar
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    When I saw our gas prices jump 54 cents in less than two weeks, I realized this is the beginning of the end. The US waited too long to prepare for this and economoically we will all see a trickle down effect to every thing we purchase, even our phone, cable and utilities.

    BUT!!! On the bright side, the American people are going to realize they have to change the ways they do things or go without a lot of things. My hope is that one of the things they realize is that shopping online would be cheaper than running to the store.

    My hope is that we will all see a rise in internet marketing and that this is the best time to be in affiliate marketing.

    So to answer your questions...I have no exit plan. Just a plan to keep ahead of inflation and try to add a bit above that.
    Ron Bechdolt | Affiliate Program Management Consultant
    7 Days A Week Marketing

  18. #18
    Domain Addict / Formerly known as elbowcreek Thomas A. Rice's Avatar
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    Just adding a footnote, I have a very simple mission statement:

    Wealth Beyond Avarice

    Once I reach that point, I will be more than happy to retire.
    Following everyone else is a GREAT way to become average.

  19. #19
    Member
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    Why?
    As in, why exit? When I think about all the lousy jobs I've had along with lousy pay, nothing beats affiliate marketing. Compared to practically every job I've had, aff marketing is a piece of cake! Seriously, it's like not having to work after some of the jobs I've had.

    The general plan is to work all out for the next few years and really build up the income, while in the meantime, living frugally (not hard to do-as stated before lotsa jobs with lousy pay, so am used to it). Learn investing skills and invest some.

    Then just kick back and maintain the sites - hopefully one of my three daughters might eventually take over but if not, no biggie. Just want to reach a point where I have at least 2x annual earnings for operating expenses and then cruise on autopilot (with occasional adjustments as necessary).
    Blessed Be,
    White Wolf

  20. #20
    Resident Genius and Staunch Capitalist Leader's Avatar
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    Exit strategy?
    Simple

    Get rich enough that I don't have to do anything productive again.
    Then, DON'T.
    There is no knowledge that is not power. ~Hemingway

  21. #21
    ABW Veteran Mr. Sal's Avatar
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    When do you plan to leave the internet? And what will you do with your websites?
    If someting is going to for real on 2012, then it must be by 2012.

    Otherwise, only when and if, Al Gore takes his internet back.

    Also, if someone paid $7 Millions for Business.com before, I have some plans for the future too.







  22. #22
    Prince of Content Vinny O'Hare's Avatar
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    I Like Leader's plan thats a good one.

    Mike good idea on the SEP ira more affiliates should set that up. Actually I have been teaching the family what I do. I am sure that I will pay 99 years of web hosting when I get older and have it on autopilot at some point.

  23. #23
    Half Crazed Mommy stephfoster's Avatar
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    Exit? No interest in planning an exit at this time, I'm having a blast and too busy making plans for when my husband can start working with me. Then there's teaching the kids, so if I lose interest or want to retire, there will be someone who will appreciate the sites... unless they're outearning me by then.

  24. #24
    ABW Ambassador Ron Bechdolt's Avatar
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    If I left, who would lead the Save Linkshare Foundation????
    Ron Bechdolt | Affiliate Program Management Consultant
    7 Days A Week Marketing

  25. #25
    Affiliate Miester my2cents's Avatar
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    Quote Originally Posted by Rhea
    Death *IS* my exit strategy.
    me too....

    I'm having tooo much fun to give this up....

    Joe
    ++++++++++++++++++++++++++++++++++++++++++
    that's my2cents, 'cuz I'm a legend in my own mind....

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