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Do you have a Stop-Loss for IM Business?

Discussion in 'General Business' started by WizMa, Mar 31, 2006.

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  1. #1
    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
     
    WizMa, Mar 31, 2006 IP
  2. itsme

    itsme Well-Known Member

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    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).
     
    itsme, Apr 1, 2006 IP