Win-win-win. The advertiser wins because they only pay when a purchase is made (as opposed to the shotgun approach of paying to advertise to the masses and waiting for a small percentage to actually buy). The affiliate wins because they make money while providing helpful advice. The customer wins because they get a trusted recommendation for something they might not otherwise have known about.
These examples have a lot to teach us. Each of these founders started their company from the ground up, sold to Facebook, and then remained at the helm after they sold. However, with time, all three of these rock star entrepreneurs decided it was time to jump ship. The way they handled it is great example of how to not just leave your own company, but any company, with poise.
Clear out any debts you have prior to quitting your job to start a business. My first entrepreneurial experience was in 2014. At the time I had over $20,000 in student loans. Within 6 months, I didn’t have enough money to pay my debt and my business had also acquired debt. As I was paying off my student loan, I read financial books like Rich Dad, Poor Dad that helped me better understand money and how it works. In early 2016, my student loan was finally paid off. If you have a student or car loan, focus on paying off your debt. During that time, build your financial acumen through podcasts, youtube videos or books. It’ll make you more strategic with your spending habits so that when you do start a business, you won’t have to close shop within a few months like I did in 2014. By paying off debts like student loans, you give yourself more money to play with while also having one less bill to worry about. But don’t dump all your savings into your debt – you still need savings.
The allure of so-called internet riches is nothing new. At every bend and turn in a gauntlet of online gurus, you'll find internet marketers looking to hype up this supposed dream of making money online or earning passive income while kicking up your feet and letting the cash roll in. While internet marketing doesn't quite work that way, in that you actually do have to put in the work, it isn't too difficult to separate the proverbial men from the boys when it comes to the real online earners.