By Richard Hill
11/21/03
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“Save it for a rainy day.” We have all heard this
saying before and we will hear it in the future. It goes without saying
that this is a way of life, just like “death and taxes.” There is no way
around it.
Most webmasters get into this industry for a little extra pocket money.
Some get lucky and strike gold. But most won’t unless they have an
abundance of money to spend for advertising. And with every day changing
it gets harder and harder for new adult webmasters to get their proverbial
piece of the pie. With new regulations from the credit card companies,
new law suits popping up almost daily and, of course, the bad webmasters
cheating and scheming to make a buck it’s oil on an icy road, making the
honest adult webmaster spin out of control.
I have a part-time job, actually more of a hobby. I have been playing
live poker (Texas Hold’Em), on and off for the past 12 or so years now. I
read an article from a magazine and have applied it to my part-time
hobby/job. And I’ll pass this along to you. As a poker player, I know
that there will be times of a bad run of luck. It’s as I said above,
“there is no way around death and taxes” and is just a way of life. Just
like with poker; the adult Internet industry (meaning your web site or
sites) will be slow at times.
What I have been doing with my poker profits is I put 10% of my winnings
away. If you have a $300 day put 10% - $30 dollars away. Over the days,
weeks, months, or even years that adds up. Of course, this depends on if
you do have a good day at the poker tables, but it can still apply to your
web site sales. If your web site produces an income of, let’s say, $2,500
a month put $250 away and save it for a rainy day. You can cover yourself
for the slow times in this industry, which will happen. Of course, if you
absolutely need to take a loan out on your “RDM - Rainy Day Money” make
certain you make a note to pay it back as soon as you can. If you make
enough money with your web site and know you can make it through the
industry slow times, this is a good business practice because you never
know if you will have an unexpected tax bill, medical emergency, or other
costly thing occur in your life. You can also save the money for a yearly
vacation or even retirement. After all, it is likely that you do not have
a 401K with the website(s) you manage or run.
Article from
Slick Rick with Pump-Room.com
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