Delay to Profit

When you can delay using the benefit you get early in a business. Your later return will be a lot bigger.

First, you need to know how much your profit is (when the expenses of your business is covered). If your expenses are higher than your income, you need to take action. Profit should never be negative.

Once you know the amount of your profit, then you set it aside. Use only what you really need. The rest you split it in two, reinvest one part wisely into growing your business and the other part you set aside as a security for bad days.

Knowing what you need and what you don’t is the difficult part in this. We all want the good life and knowing when we can afford it can become a real headache.

Start with the basic.

-          House

-          Groceries

-          Life expenses (internet, car, cloth, electric bill, cell phone, gas bill, assurance)

Once you know what you need to clear all the basics, you can have a good idea of what you can invest back into your business.

You have to set up monthly goal that you will use to celebrate your success. When you reach your goal, use a part of your reinvestment profit to celebrate. It will keep you motivated and you’ll still have something to invest back into your business.

Your security money should be easily available for emergencies. You’ll have to use it only when your business is not providing for itself. When this happens, you have to do an analysis and change what need to be changed so the next month it will not be as bad. The security money is there for emergencies. You should never use it two month in a row. 

Great Sponsor!

What is a great sponsor?

I would say that you can compare this to almost any relationship. It’s a relationship between two people.

The sponsor has his responsibility, but the affiliate also has his responsibility. Let’s look at this for a moment.

1. The sponsor has to be active. This means that he’s actively working to build his business. Inactive sponsor won’t have the experience to help you go over the problem that you will face as an affiliate.

The affiliate has to be active too. Your sponsor will not build your business for you. He can help, but you have to do what needs to be done. An inactive affiliate is a waste of time and energy for a sponsor.

2. The sponsor must be open minded and creative. Open minded people are constantly searching for new way to expand the business. Creative sponsor will build tools to help their affiliate.

The affiliate has to be open minded and creative. Creativity is contagious, the more creative the affiliate will be, the more creative his sponsor will become. He’s becoming a motivation for his sponsor to better himself. Open minded affiliate will try everything before rejecting it.

3. The sponsor has to grow in his personality of sponsor (leader) to become a better one. He has to keep on learning. He has to be willing to take time during his day to learn all he can about becoming a better leader.

The affiliate has to grow also. He has to become a leader himself. He has to be the best leader he can so he’ll find people that will want to be associate with him as their sponsor.

4. The sponsor has to be patient, but not idle. He has to invest his time with the affiliates that are ready to go further. The others that don’t want to move along, he has to respect them. He has to let them know that he’s there for them. The sponsor has to find ways to get those unmoving affiliate to become more active in the business. He’ll need to find what could make them move forward.

The affiliate has to learn to be patient also. He has to be patient with his sponsor and learn to use to the max all the time he has to dedicate to him. He’ll have to be even more patient when he’ll become a sponsor himself.

5. The sponsor has to know his limit. He has to know what he’s willing to do for an affiliate and what he doesn’t. He has to respect his limits and also do his best to expand them. A sponsor should never do everything. He should help, but never do it all.

The affiliate also has to know his limit or at least learn where they are. He also has to be willing to expend them. He should always try to be more and more able with his business. A good affiliate is looking forward to the day when he’ll be a great sponsor.

In conclusion, sponsor and affiliate have their obligation. They both have to do their best and move forward. It’s an association, it’s a partnership, it’s a business relation and it’s a friendship.

Too many leaders are like travel agent, they send people where they never been themselves.

If you want to be a good sponsor, do the work and do it well. Learn how to become a better leader and keep doing it daily. Doing a little everyday is much more important then doing a lot someday. Don't wait until you reach the someday land to do it.

Egg in the same basket

Don’t put all your egg in the same basket. We have all eared this. A lot of scams are using this to squeeze you like a lemon until you don’t have any more money to spend. Then they go to the next lemon and squeeze again.

The fact is you can’t use this with a business. If you start a business, you aren’t going to be more successful starting another one or even two other. The more you open the more chances you have to fail.

You can start a second business if you want, but you should do so only when your first one is earning you enough money to invest in the next. You should always ask yourself if you can take care of another business.

On a day to day basis, if you focus on one business and make it work, you’ll get more success then if you try to build many at the same time. You’ll only separate your energy into each of them. Never give enough to each of them to make them grow. So you’ll end up with many useless businesses instead of a profitable one.

Street sign advertising...

How to advertise?

Use the Street Signs concept. Mike has been talking about it in this post.

The principle are simple.

1. Be where your clients will look for you.
2. Deliver your message concisely and obviously.
3. Give a simple and obvious next step.

To use this, you need to know a little about your market. When you know how your new clients will look for your business, then you make yourself seen as they want. And then you give them the next step as simple as you can. The action button is what most will use on the web.

Using this effectively will bring more customers into your business with less expenses to advertise.

The Hype Trend

I got inspired for a post by Barry Langdon. "Just because you actually get paid, don’t make it legal".

OK, yes there's a lot of scam out there. Scam are program that are not legal. Yes they could pay you, but they're still illegal. Ponzi program are well known. But there's others that are so popular that many wonders if they're legal. Don't get stuck on the hook, they're scam and will cost you money in the end.

 

And there's also a lot of legal stuff that aren't much better. Giving false hope is as bad as promoting a ponzi program. When it's too good to be true, then it is.

 

Yes, a lot of program are giving false hope. Some are using a bribe to get people hook into a program that is requiring so much work that most people end up wasting times without making any money. 

 

Building a hype! Yes, you can see a lot of stuff on the internet that are using it. Most of the time, it's a hook text that's get you to give your name and e-mail. 

 

Yes, using the hype is so common now that most will do it. And this doesn't mean that the program is illegal.

 

I beleive that we can build a business online without making any false promises or expectations. I think that it's up to us to change this really bad trend. Each time someone is loosing time and money in a program that is much harder then it was suppose to be, that person will talk about it to people around him and put all the business on the web in the same basket. It's bad for all of us. 

What can be done to go against this. We could talk about it more. In blog, in chat and in our training. If we let this trend take it all, then internet business will be even more difficult.

 

Are you out there?

Today, Jon Olson was talking about being out there on TELive. Build your reputation before anything. Become someone interesting, build relation with others. Become someone that has meaning for others.

In reality, this will take some time and a lot of work. You have to be true to yourself. You have to give value to others in what you give on the web. Did you read my post about "Giving is the real way to Love"? You should do it. :)

I know that some people are talking about blogging, that you can make a lot of money with that. In reality, you should not do it if you don't like to write. The essence of a blog is writing. It's that simple, if you don't like to write, don't open a blog. And opening a blog is a statement that you make to yourself, you take the job of writing every day for 10 to 15 years.

Last night, I was random surfing on blogger. 85% of the blog I visited had it's last post more then 6 month ago. The look of most of them were great. Much better then mine. But, if you only have 2 to 3 posts in the 1 year that blog has been online, this would mean that your blog is considered dead. With a dead blog, you're building a negative reputation for yourself. You need to write at least 4 times a week. The best would be every day.

The difference between the peoples who are making it on the internet and the ones who don't, it's just the work and the focus they put in it. Be out there and build your good reputation. Then, people will come to you and ask how you make money on the internet. Become an expert and make money.

No time to build a business...

A lot of people will say: “I don’t have the time!”

Believe me, I can understand; I was there too. 

I was working on a 9 to 5 job and just didn’t have the time to work another 1 to 2 hrs more. My social life was taking all I had left. At that time, it was “OK” with me. But I was going nowhere. I had big dream. I had big hope in my future. I was reading a lot about getting what I wanted. But I was doing nothing. I didn’t had the time.

I was stuck until I realize “I'll have to do it”, because nobody would do it for me. There’s no secret path to wealth. There’s no easy way to become rich. What ever you want, you’ll have to act to get it. No ones can do it for you.

Here‘s one thing I know to be true: If you have a strong enough desire to do something … anything … you will find the time.

There’s one thing you must ask yourself right now. “How bad do you want it?”

Write what you want on a piece of paper and pin it where you can see it. Every day, take 30 seconds to feel it.

Can you feel how it will be when you’ll pay for all your bills and still have a lot of money to use?

Can you feel how it will be when you’ll shop without reserve?

Can you feel how it will be when you drive that new car?

Can you feel how it will be when you’ll enter that new house? 

What’s your financial independence worth to you?

I would recommend The Safe Road Plan to you. This plan is a free tools because I can see far ahead. Can you do the same and invest now and look far ahead for the return?

The Safe Road Plan

How much traffic do you get?

Serious seller or not?

Don't deny the fact, if you're an affiliate to a product, you're selling that product. So you're a seller. Most of us don't have a product to sell, we only sell the product of someone else and make money with our commissions.

It's ok to do so. I do it myself.

If you're only trying to sell, then you should find yourself a job. You'll never make money if you only try to make a sell. You have to give it all and make the sales. It's only a little part of the internet affiliate that are really making money. They give their best to make it. In fact, they give more then anyone to get to the top.

The top promoter on most of the large marketing program are also the ones who makes money. The more you are out there and the more you'll earn.

Even if what you're selling is junk, you'll find buyers if you get enough people to see your ad.

Then, when you have the traffic, it's all about the quality of your ad, the quality of the product, your personal branding and the quality of the people that you bring to your ad.

The first step is to promote everyday. Even if it's an hour, it's an hour more to your advertising. You have to realize that the top are investing much more then just one hour. If you want to be among them, then you'll have to do much more.

Time spent listening to TV

How much time do you spend with your TV?

When you look at the life of rich people, how much time did they spent listening to their TV?

The following breakdown lists the average number of hours that Americans spent watching television in 2007:
•    Men = 4hrs 35mins / day
•    Women = 5hrs 14mins / day
•    Teens = 3hrs 21mins / day
•    Children = 3hrs 25mins / day

All the time that you spend with your TV is bringing how much wealth in your life?

Your TV is only a tool providing entertainment. It’s all up to you to choose how much time you want to spend with it. Be a better picker, choose to listen only to shows that really interest you and use the rest of the time to build your business.

In the end, it’s all up to you.

Earning the real money on the internet

Work Ethic

You must have a good work ethic or you will fail to earn the real money.

There’s no “Free Lunch” when you want to build a home business.

There's so many “Get Rich Quick Scam” out there. Every time someone comes to me with the new one, I ask myself how much time before that person realize that he isn’t going to make a penny out of it. I’m sorry when I saw someone quitting building a business online. There’s a way to build a business online.

The fact is: most people will fail to build an online business because they don’t put the work needed. The minimum time to invest in your business is 2 hrs a day.   

Your work ethic will determine your success.

You can still build an online business with less then 2 hours a day. But you’ll get less results and it will take a lot more time to reach a profit level.

The success always comes to the ones who deserve it. You have to deserve if you want to have it.