Hi, I was wondering if you have something like a Stop-Loss (I always plan what´s the max. loss I am willing to take when I´m investing in stocks) when you plan to start a new internet based business? How would this look like? How much %? Thanks for your input Jack
If I'm promoting affiliate products, I set the max spend at the value of ONE sale. If I make a sale in that time, I keep promoting, if I don't I stop. For sites, I decide in advance how much cash I want to spend for X number of months and then figure out the best way to spend that cash... if it returns a profit or shows good growth I would keep spending, otherwise I stop spending and hope that the current traffic will generate some revenue (or sell the site).