I Made $13,692.59 In Profits Last Month, So What?
May 12 by Marcus Hochstadt | Posted in Business, Pickups
When we want to master something in life, we go to someone who is a proven master in what we want to master ourselves, right?
When we want to become good parents, we learn from people who have succeeded at raising kids. We wouldn’t be listening to people who haven’t had kids yet, would we?
When we want to learn how to get rich, we would learn from people who make the amount of money we want to make in the area that excites us. We wouldn’t listen to poor people would we, even when they are our best friends?
When we want to become healthier and substantially improve our fitness, we would hire a fitness coach, like Pat King, someone who has the body shape and fitness we are aiming for. We would not listen to people who are consistently overweight, would we?
When we want to succeed at picking up girls, we would seek advice from seduction experts, like Bobby Rio and Mike Stoute. We would not in the world ask someone who hasn’t had a girl in bed for the past three or so years, would we?
When we want to cook the most delicious food in town, we would learn from a master cook who won national prizes and competitions. We would not be asking someone who’s eating fast food every day, would we?
When we want to attract whatever we want in life, we would learn from someone who miraculously attracts whatever s/he wants and knows the secret, like Dr. Joe Vitale. We would not ask someone who has only unfulfilled wishes, would we?
While the above sounds familiar and makes perfect sense when reading it, why in the world do so many people NOT follow the above rules in their everyday life?
For example, I recently read a post by Bill from theblogentrepreneur.com claiming that blogging would be a bad way to make money online. What? He calls himself a blog entrepreneur making $1,000/month but states it would be a bad idea? Bill, nothing against you personally, really, but I suggest you go ahead and change your blog title. Not only that though…
Bill says he aims for time freedom (I agree) and that blogging would take too much time (I do not agree.)
I read that all the time. People make statements and have beliefs based on their own limited experiences and circumstances. For instance, Bill claims that “any Problogger will tell you that they probably work as much on a blog as they would at a regular job.” Oops! How many probloggers did he ask? It seems to me he didn’t ask any or else he would probably think differently.
From my own experience—and I did ask a problogger I personally know, my Mentor James Brausch—probloggers work much less on their blogs than you might think. James, for example, works only 1-3 (one to three) hours per week, sometimes even less (i.e., none!)
Now, you might be asking how is this possible, working only 3 hours per week while making tens of thousands of dollars at the same time? This question is commonly ask by people who still have employment thinking in their mind. I had this myself for many, many years, and I am so happy to finally get rid of it piece by piece.
I learned that in order to succeed online and make thousands, if not hundreds of thousands, of dollars per month you need to delegate as many tasks as possible. I call it High-Profile Outsourcing. (Frankly, I’m still working too many hours myself, but there’s light at the end of the tunnel! ;-)
Feeling intimidated at the thought of having to regularly write blog posts? Find and hire excellent ghostwriters! Have a task on your desk for a couple weeks that you hate to do? Get a virtual assistant! Would it take you days or even weeks setting up and maintaining a Web site? Get a good coder, someone who does it in hours instead of weeks!
Bill could turn his $1,000 into $10,000/month if he would go beyond his own circumstances and get rid of his limiting beliefs.
If something doesn’t work, don’t adjust your goals, adjust your action steps.
The dangerous thing is that Bill gives blogging advice in that he pretends blogging would be a bad way to make money online. It may be a bad way for him but surely not in general. Why not turn that belief into another direction?
For example, Collin LaHay recently changed his blog’s focus from make money online to Web site marketing strategies. I tend to agree with him. He gives excellent marketing tips which I follow regularly. Though, he says he lacks proper results when it comes to teaching how to make money online, since he makes only $500/month, hence the change in blog title and focus.
The thing I want you to take home is this… Follow advice from people who are successful in the area you want to master. Or in other words, when you want to master something, learn from a master, not a beginner.
Feel you’re not having enough time to do all the tasks at hand? Perhaps you should get rid of the tube! That alone will save most people several hours each day. The next step is to realize that multitasking is insane. Focusing on one task at a time is what moves you forward considerably.
Feel frustrated because you only make a mere $50 or $100/month while spending 320 hours at the same time? Perhaps having all those AdSense ads and affiliate links up is the wrong way to do it, or you present them in a barren way, or you just need more traffic. Or… perhaps you should create and sell your own products and build your own customer list instead.
Additionally, avoid the temptation of doing everything on your own and start to outsource!
If you feel you are not ready yet to teach someone something, think again. There is something you know that others don’t. The Internet is being used for finding information and products. People spend billions of dollars to get what they want. I know there is something you can help others with.
Create a Web site, get targeted traffic, and create and sell your own products or services, or recommend excellent products using the companie’s affiliate programs.
Don’t feel ashamed to sell something to your audience. Some people act as if it would be dishonoring to sell products to your readers. That’s an insane virus these people need to get rid of! Your audience does not only expect you to give them your “secrets,” you have the damn responsibility to do that and train them!
You know how to lose weight? Of course your audience is eagerly waiting for your products teaching them how to lose weight. Create them and sell them to your readers!
You know how to make money online? Of course your audience is eagerly waiting for (your) products teaching them how to make money online. Give them what they want or else they will buy them elsewhere!
You know how to build and enjoy an incredible relationship? You guessed it… Your audience is eager; they will buy your products on how to build and enjoy an unforgettable long-term relationship.
You love to travel and know a country or place from the inside out? … Exactly…
That is—in essence—how I made $13,692.59 in profits last month, and my blog has been a good part of it (which I run part time.)
—Marcus Hochstadt
43 CommentsPermalink Tags: making money online, outsourcing, profits
24 Hour Special
Apr 10 by Marcus Hochstadt | Posted in Specials
Outsourcing, uh! This was something I really had to get used to… It was a tough step. I was under the impression that the only person who can do things as good as I would was I. How insane is that?
Today I use the word “insane” since I’m a little bit wiser. You only have 24 hours available in a day and this likely won’t change. However, what you CAN change is the amount of time you assign to other people, therefore it is the availability of human resources you have available in your growing Internet business.
To catapult from mediocrity to prosperity and from 120 to 4 hours/week you need to assign tasks to other people. It’s a fact.
If you think you can do everything on your own… Sure, there do exist “DIY entrepreneurs” earning $200,000/year doing everything on their own. But how are they managing? What is their quality of life?
There is a strong likelihood that these successful Internet entrepreneurs work 120+ hours a week. In other words, they trade hours for money, just like in a normal 9 to 5 job.
Let’s look at the numbers… 120 hours/week x 4 x 12 = 5760 hours/year : $200,000 = $35/hour.
I don’t know about you, but I won’t ruin my life, especially not for a mere $35/hour.
This is where outsourcing comes into place. Handing tasks over to someone else, a person who is able to do the job as good as yourself, if not better. (Especially the tedious, administrative stuff!) All you need to do is find the right people for a profitable ROI. Not an easy task you say?
Well, then you obviously need a DVD…
High-Profile Outsourcing – Putting An Online Business On Autopilot
Yes, there is indeed a Surprising Formula For Independency Uncovered.
It is another high-profile in-depth conversation I had with James Brausch in Costa Rica last month.
The DVD I am releasing today with a 24 Hour Special includes the following…
- How to find and hire first-class contractors
- Step-by-step plan on separating the wheat from the chaff
- How to ensure contractors do exactly what they are supposed to do (while staying motivated)
- How to get around the hassle of paying employment taxes
- How much work to assign to new contractors
- Step-by-step plan on finding high-profile ghostwriters
- James’ secret #1 resource for finding top contractors and ghostwriters (no, it’s not the one you may think of)
- James’ experiences with the more popular and well-known resources
- How many blog posts are written by James himself (and how to recognize them)
- Pros and cons of hiring individuals vs. a company
- The best price range paid per assignment, procedure or hour
- Marcus’ experiences and tips on outsourcing
- The $100 question: Which project description James uses on which site (this tip alone can save you thousands of dollars!)
Until noon tomorrow (PST which is GMT -7,) you get High-Profile Outsourcing – Putting An Online Business On Autopilot for $35. Again, after these 24 hours the price will go up to $100.
Here is the link to order the DVD…
http://kunaki.com/sales.asp?PID=PX006XE4GO
The entertaining part in our conversation was when a bird applied for a job at James’ company… ;-)
—Marcus Hochstadt
P.S. This DVD is THE secret on how James manages to work only 3 hours per week!
2 CommentsPermalink Tags: autopilot, internet business, james brausch, outsourcing
Not Enough Time?
Jan 21 by Marcus Hochstadt | Posted in Business, Strategies
Occasionally, I see messages from folks complaining they would not have enough time to do this or to do that. They say their day would need to have a lot more hours than just 24 (say, 36 or 48) in order for them to accomplish the tasks that are on their to-do list. They then usually continue to say if this or that circumstance would not be present they would certainly be more successful, “but”…
This is employee thinking that even I had to get rid of.
Of course, when you think of spending 24 of your personal hours then you get something in return for those 24 hours. And to continue this, in case you’d be able to spend 48 hours per day you’d probably get more in return than by 24 hours spent.
As a matter of fact though, you CAN have 48, even a lot more hours per day being spent on your business. No, you don’t have to do all that on your own… It is a very wise move to have other people grow your business. Or how else do you think are big companies being built?
Use their business model to your advantage. Delegate!
Think you can’t delegate? Think your work is too confidential?
Step out of your comfort zone. You have to let go of certain tasks in order to discover people that are more apt to accomplish things for you. There are tons of people available and willing to do a lot of work for you.
The less you work on your business and the more you delegate tasks, the more your business will grow and the more profitable it will be (provided you hire the right people for the right job, of course.)
Doesn’t this sound like freedom?
For me it does; discovered it myself. It was when I read Timothy Ferriss’ book (was in April 2007, when it came out.) I started hiring people that did some work for me. As I found out there are folks that are faster and more sophisticated than I am in certain areas.
I encourage you to get out of your comfort zone. Look at which of your tasks can be outsourced, then go ahead and hire someone today. Not tomorrow, not next year— do it TODAY!
—Marcus Hochstadt
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