Here's one of my top tips to make sure you succeed at making money online and building your online business.
Here's more on how to start your online business:
https://www.youtube.com/watch?v=rW08ME6_pXk
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In this podcast you are going to find out how to make money online. There are many methods of making this work and I have tried all of them. Maybe not all, but I have tried 4, 5, 6 methods of making money online. My favorite method is to build an actual business. Before you go into the whole making money online stuff and you may have various reasons.
I do this, because I want to travel, to make the world better and to help people, but if you decided that you really want to focus on it and you have 20 hours a week, then here is what you have to do.
So, my favorite way is to build an online business and this is pretty much the only way to make money online really is to build an online business. There are other minor ways, but the possibility of success with those ways is really low.
So, let’s just go with building an online business. An online business can be many things. It can be making YouTube videos like getting paid on advertisements. It can be getting leads online that are companies and then selling them services. It can be getting on Instagram, building an audience and selling them supplements. It can be contacting people on Instagram and getting them to promote your supplements. It can be Ecommerce. There are really countless things that you can do online to build a business.
However, all of these things require a significant time investment. I have several podcasts on this topic exactly on how you can exactly start selling, how to sell them, what to sell and so on. I have linked to them below in the description in YouTube. Let’s focus on something else right now.
So, first of all before you get into business here is the most important thing. You need to free up that time and to do that most likely you are going to have to quit your job or work only half of the time basically, right? So, work part time.
However, that is not the only thing you need. You also need a buffer. A buffer in case you fail. Especially if you quit your job completely and you do not have a buffer of say $5000 to $10000 and your business fails for like a year. You are broke, you are going to have to go back to a job.
Now, if you have that buffer that is 5 to 10k you have that half an year to one year where you can live low cost, sleep on a couch if you have to. You are going to have money, you will not be broke, you will have money to eat and for emergencies. So, that is very important actually.
Once you have that buffer, once you free up that time. Here is what you should do. You should focus 100% of your time or in case you do part time job 50% of your time obviously on building a business and you should ignore everyone else, ignore all of the obligations that are not critical. Obviously you should not ignore your children or your wife.
But all of the obligations that are not critical, like your friend is getting married and he is doing it in Hawaii and it takes two weeks off. I am sorry, if you are really serious in building your business. You cannot afford those two weeks. In the early stages of your business you are going to have to miss a few wedding, you are going to have to a few birthdays.
Now, if you have children that is different thing. I would never advise you to skip out on those at all, but if there is anything not critical, not super, super, very important and urgent, then I would skip out just about everything. Then what should you do when your friends call you and say: “Hey man, let’s hangout”. Schedule at it.