If you have a blog, then chances are you probably have used or currently use the Amazon Associates program. And in case you didn't know they have just slashed their affiliates pay (find out all the details about this here).
Well, Tracie Fobes has personally been through this already. Back in 2013 she received a message from Amazon that she was making too much money from them!!
The bottom line was that her income went down by 75% overnight!
It didn't just affect her but it meant she had to let go of 5 out of 6 members of staff that she had employed... eurgh!!
But it wasn't all doom and gloom as she explains...
Overcoming Challenges to Build a Multi 6 Figure Blog
With Tracie Fobes
Make Time Online Podcast on iTunes - Live life on your own terms
We chat about:
- Why Tracie is now grateful (sort of) that Amazon slashed her income
- How to employ great people to help with your blog and when to do this
- The power of having a network and other bloggers that you can get help from
- Why Tracie decided to sell her baby (not literally... it was her blog) in 2019 & how she did it
Best tips and tools from the podcast
Here are some of the best tips, tools and training mentioned in the chat:
- Diversifying income so she wasn't reliant on one affiliate
- Creating her own products provided a lot more control over the online business
- Sponsored posts can pay you in more ways than one (affiliate links in the post, ad income from traffic and the immediate income from publishing the content for the sponsor)
- Using Trello to list tasks to help with outsourcing work
- Connect with other bloggers on FB groups like Blogger Education Network
- It's possible to sell a blog for 2x annual revenue
- Stupid Simple SEO- Mike Pearson's course (this is about the 8th time someone has recommended this so I think it's about time I do this too!)
- Follow big bloggers i.e. Amy Porterfield, Pat Flynn, Neil Patel etc. to get new ideas and trends and see what's working for them
- Seek legal advice for incorporating your blog (i is a business when it's making money!) from a CPA and attorney
There's tons more in the chat and I'd love to hear the best takeaways you took from it too!
Full Tracie Fobes Podcast Transcript
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