Here’s where many entrepreneurs miss it when they’re starting out in their online business.
They want to create that big million dollar home run right off the bat. They get into analysis paralysis where they’re constantly trying to figure out how to create that surefire million dollar project idea.
Quickly they’ve lost 6 months coming up with different ideas just to shelve them without ever getting started.
Instead of doing that, go for little base hit and “bunt” projects. If you can create a product that earns $250 a month net profit, then you simply need to do MORE of the same to build to a $10,000 a month income.
The hardest project you will ever create will be that first one. You’re nervous that it might not work. You’re having to learn all kinds of things about the internet…and you want to know it all now. You are not going to learn it all this month, or even this year.
You just need to get it going.
If you’re backed by a proven system and good advice, you’re going to do OK. Is it a failure if your first little project only earns $100 a month? Nope…not if that little project is 100% hands free and totally outsourced. Create a little failure like that each month for the rest of the year and you have a nice part-time income coming in. And on the way to creating each of those “failed projects” you’ll end up hitting a big home run winner or two by accident.
If you’re just starting out, that might sound like a lot of work. As I said, your first project is the most difficult one you will ever do because you’re getting on the job training. You’re hearing all kinds of terms you’ve never heard before. You’re discovering how to outsource your first project. You’re working with a website designer for the first time. You’re a little uncomfortable and nervous that people may not like what you’re offering.
But it all changes when that first order comes in. You feel the satisfaction of that first order. Quickly it grows into a second, third, and fourth. Soon you’re generating orders every single day. The people who succeed in this business are those who build on this first success. They follow the SAME process again and again to keep creating new products and income streams that continue for years.
It’s a complete change in mindset. You’re not working by the hour anymore. Back when I delivered pizzas, I got paid my $8 per hour. If I worked 30 hours, I got $240 gross minus what the government took from my pitiful little paycheck. If I wanted money next week, I had to put in another 30 hours.
Now I often spend about 20 to 40 hours getting a new project up and running. Nobody pays me by the hour for this, but I do receive a very nice paycheck. The big difference is I get this paycheck (more commonly referred to as sales in business)
And I keep earning EVERY week from then on. Sure I have weeks where one product outsells everything else because of a promotion we do or a large affiliate emailing their list. But each of the products keep chugging away producing sales for me while I live the Internet Lifestyle.
That’s the key principle…
When you have a job, you get paid once for the work you do.
When you create information products, you get paid forever for the work you did once.
Some of those products will be evergreen and sold for years. But even the ones that aren’t, you still will take away the experience from it. The next project will be faster. It will be easier because you’re building upon that previous success.
Remember this. You don’t have to get it perfect. You just have to get it going.
Check out http://www.internetlifestylesystem.com to get started on your first information product.
We show you how to come up with ideas, how to get them moving, and how to generate both traffic and sales. And it all comes with a series of 15 checklists to make it clear and easy to follow.
