Safe Rule of Thumb for ANY Business Endeavor
The more money [up front] you invest in yourself, the less time that you’ll be shackled to your venture. The less money you are willing to you invest in yourself, the more time you will spend [exponentially] to overcome lack of funds.
In a nutshell, you can actually become quite successful on the Internet- generating a modest four figures a month- with virtually no out-of-pocket expenses. However…
Do plan on exercising Due Diligence and spending thousands of hours.
Hence, why it is critically important to choose something that you are 100% *absolutely* passionate about- as the end-consumer hobbyist!
I apologize if the blunt truth of the matter ‘takes the wind out of your sails’…but, again- I wish someone was this brutally honest with me years ago!
“This will increase your profitability substantially, while cutting down your work load!”
The closer you want to get to all of that free time and boatloads of money you’ve indubitably been promised time and time again…
The more closely you must examine exactly what it takes to become as digitally automated as possible! Which also takes into consideration creative opportunities such as outsourcing, viral e-marketing and B2B JV barter.
One very excellent example is the awe-inspiring power of autoresponders. Depending on your particular approach; a deftly-crafted autoresponder series can cultivate long-term customers, clients, subscribers, etc…Only if the information you are divulging high-quality.
Another prime example is a genuinely high-quality, PLR e-book. Most especially if these can be re-branded, featuring your downlines’ primary Web venture.
Perhaps a Strategic Joint Venture Alliance…or a Member Site– In which you provide your members with a step-by-step plan of action and everything they need to achieve their own success, on- line [tenacity not withstanding, of course]!
In each of these examples, the Principle of Labor Replication [another demonstration of leverage] is invoked– your one and only Way to *consistent* Internet Success-
Regardless of your offerings…but if you are not willing to actually put forth the effort and initially act upon your knowledge, and then this will merely be entertainment to you.
This is one subject that the vast majority of Internet Marketing ‘gurus’ avoid like the plague.
Because if they were 100% straight-up with you from the get-go and told you in no uncertain detail exactly just how hard, time-consuming and resource-consuming owning and operating your own truly successful biz op *really* is…
They somehow got it figured that you’ll end up opting out and they’ll end up losing the almighty buck they stood to make on your complete and utter ignorance. The faster and easier they promise you tons of money and leads; the far more cynical I’d be, if I were you.
And this applies to the so-called Joint Venture Systems out there, as well-of which I own several.
Good, solid long-lasting Joint Ventures actually do require a great deal of time, effort and giving of yourself…especially if they require a Joint Venture Agreement Contract.
However- these are the very the types of JV’s that really can make you fabulously wealthy… seemingly overnight.
As a matter of fact, if it is anything short of a methodically built-up System- over a reasonable period of time [6 months to a year]…then I can all but guarantee you that you are setting yourself up for some serious grief.
Sure…the rare exception to the rule- such as that deftly-crafted and patiently-researched Joint Venture Proposal you hit BIG with in just a few short weeks or even days…because you done paid your Due Diligence!
An entirely different approach: Tell your people the *whole* truth- and nothing but.
Don’t sell them pipe dreams, fluff and just plain crap; in the hope of making a sale. In fact, don’t sell them anything. Give ‘Till It Hurts [for being such a blatantly promiscuous sneezer…it happens to be one of Robert G. Allen’s truly superb Principles].
And when you actually do attempt to ‘sell’ your reader something:
Do it in a way that they are both absolutely eager and confident in your recommending them such a kick@$$ deal, offer, etc. Treat your Reader [most literally] as if they were your best friend, and develop a relationship accordingly. And this is just one of many ways Due Diligence comes into play.
One very sad mistake made over and over again -particular to Internet Marketing proselytes and neophytes– is promotion of a cookie-cutter biz op that they are absolutely not the delighted end user of. Self-evident.
If you’re just starting out [or strongly considering doing so] – Do not fall into this fatal trap….
In other words, before you go wishing failure, stress and duress upon yourself…
Compliments of the infamous University of Hard Knocks:
“Be the end consumer of whatever it is you’d seriously consider promoting, and put it to the hardest-core Satisfaction Tests that you can possibly devise.”
One Chance on the Merry-Go-Round of Life
Find a means of online revenue that is something you are already approaching as a joyful leisure hobby; and then research out biz ops that naturally compliment your favorite hobby.
After carefully researching and refining your biz op you’d like to focus on; aggressively put it to the test- as the end user– and see if it truly Stands and [over-] Delivers on all Promises made.
And, though this may- at first- sound a bit oxymoronic; do NOT focus on making the sale. Instead, focus on the wants, needs and desires of your Loyal Readership, and sales will follow in a completely relaxed, zero-pressure manner.
Your Readers will appreciate your lack of hype and high-pressure sales tactics; and will be quicker to recommend you [provided you freely quality content with them]!
Next post: You are Your Target Audience, until then see ya…