It’s great to hear different answers to this excellent question. Everyone’s circumstances are different, and each one of us has a different attitude to risk, so the point at which to give up the day job is terms of affiliate income is always going to vary.
A key question would be to consider the ‘worst case’ scenario, and central to this would be to consider how quickly and easily it would be to return to the day job at an equal status and remuneration.
Given the threat of the credit crunch, its difficult to predict the future job market which makes any decision a little more difficult in todays current climate.
Ideally, I think that key to any decision to go ‘full time’ would be to ensure that your affiliate business is :
– diversified in terms of multiple sites (reduce the risk of changes in SERPS & increased competition)
– has multiple sources of income across a range of affiliate programs (to reduce the risk of becoming over reliant on one program which could potentially dissapear overnight)
– is diversified across industry sectors (gambling and say one other non-gambling sector)
These would be all ‘nice to haves’ but ultimately its a risk versus reward scenario, and as they say, ‘fortune favours the brave’.
:wink-wink:wink-wink
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