When you are building your business online, you must be able to build assets if you want to quit your job.
A 9-5 job is only short term income. It can be a lot or a little, but fundamentally it is still short term…
Why?
Because the moment you stop working, you stop making money immediately!
Your boss may tolerate your laziness for a few days but if you don’t put in the hours, you will never get anymore pay whether it is weekly, daily or monthly pay!
If you keep on trading time for money, you will never be free from your job!
Online assets are different. Here are a few principles that you can apply to your
online business strategy:
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Leverage the Internet to Attract Customers: You can draw in traffic from search engines or viral marketing.
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Connect with other Internet Marketers. You do not need to build a mailing list if you have created a fantastic product that will keep customers buying and affiliates selling over and over again.
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Build Your Mailing List. The money is definitely in the list. It takes 15-30 minutes to write a proper E-mail to your mailing list. The great thing about E-mail marketing is you will take the same time to mail your list regardless if your list has 100 people or 100,000 people
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Cultivate Your Reputation Online: A blogger may start with no RSS subscribers, but the more you blog and the more you network, you will be blogging for the same effort but with more people reading your blog (and you will be able to monetize from the traffic!)
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Outsource Work. If you are making good money, you will be able to outsource your work to other people and spend more time on marketing your products (hence, making more money!)
Take a look at this graph for example:
Let’s take a look at a typical Internet Marketer…
The blue line is your 9-5 job. You may get increments and bonuses (hence the rising graph and your salary will most definitely exceed your online income in the first few months, but after awhile, when your online assets start generating residual income, you will be able to quit your job once you have all the elements in place.
Think long term
Do not just think of earning ‘enough’. You need to think long term and build a business that is sustainable.
It is like shooting for the stars. If you shoot for the stars, you might not be able to clear the skies, but at least, you will be able to cross the fence.
If you aim too low or too short term, you will fail easily because more than often, we usually don’t usually accomplish our goals to our expectations.
Build your business around your interests
In some business models like blogging, you must be passionate about what you are doing.
If you do not build your
business around your interests, people will be able to sense it. It would look ‘fake’ and you will not be able to sustain your interests. Before long, you will be thinking about giving up.
If your
business if focused on your interests, you will not feel as though you are taking another job. After all, having ONE job is already bad enough. We want to FREE ourselves from our job, not get another one.
Invest your salary into your business
Certain business models require you to make some investments. Like outsourcing, buying domain names, paid traffic and others. Do not believe the myth that it doesn’t cost money to build a business online – it is inexpensive but NOT free.
The advantage of having a job is that you can invest some of your salary to get things done. After all you only have 4 hours and the weekends to build your business. You must learn to invest your time AND money wisely to achieve maximum results.
More information is waiting for you at http://www.onemillionairemom.com .
