Online Success - The Time Factor

Recently I was discussing lifestyle, and how to finance the lifestyle of your choice, with a friend who is a little more academic than I. Eventually we got to the point of time management and how important is it in the pace of twenty-first century living when demands upon out time are paramount.

He posed the question: "What if life were never ending; how important would time be then?"

It led into a discussion of all the online businesses that are constantly arriving in our inbox. Each one promises fortunes untold if only we follow the ‘simple' steps that are ours from anything between $9.99 and $5,000 - not forgetting the ongoing monthly fees. If we were to subscribe to just one of these ‘fantastic' items each week it would only take three months for information overload to set in. Once this stage is reached all well made plans go out of the window because our mind is now jammed with too much information and we are no longer able to function rationally.

Forget the fact that if all these systems were so good nobody would sell them because human nature is such that few people share the secret of their wealth. Let us assume that one or two of them are good and you would feel cheated if you missed out on them. Let us just imagine that we are going to live forever and time will never run out:

This raises the question of whether you would even bother attempting to complete a task because with unlimited time there is always tomorrow. Sadly life is not ever-lasting so we are all forced to achieve whatever we wish to achieve in the amount of time left owing to us - never forget we don't know if that amount of time is five seconds or fifty years. But it is all that we have left.

We agreed that time is far more important than most people realise if we are to build the lifestyle we choose and then finance it. Also those of us that choose to use the internet to create online income, or even build a business, must look at time management before attempting to build income. Here are few suggestions that we have found helpful over the years and my business started in January 1983 so it has passed the test of time.

• Set a realistic price on your time; I use $100 per hour.
• Keep a diary and rigorously charge for your time. Enter the time that you start working on a project and the time you finish working on it and keep a spreadsheet of costs.
• If you are spending 10 hours per week on a project you only break even at $100 x 10 hours = $1,000 per week. If you are selling widgets on eBay at $5.95ea and each widget costs you $1.95 then you must sell 250 widgets each week to break even on time costs.

If somebody directs you to a sales page start charging time from the moment you get to the sales page. Sometimes they are so long it takes more than an hour to read and understand them. Add your time to the purchase price and it may influence you not to buy.

Never expect to become wealthy overnight - it takes time for everybody except lottery winners. Take just one project at a time and work diligently on that project until it is providing funds to underwrite your chosen lifestyle. When you are operating that first idea profitably and you have some time freed up then look for something else. Within a year you will start to see the funds that will finance your chosen lifestyle start to accumulate.

There is some cost to starting any business but never lose track of the fact that time is also about money - well planned time is also about remaining sane and succeeding.

This article by Davmac: http://www.ayecasher.com the website for people that are serious about building the lifestyle of their choice.

(c) Copyright JEM Trust 2008.

Online Business - Getting Started

The most frequently asked question at the seminars that I run is: How do I get started building my online business when there are so many to choose from?

This question encapsulates the major problem for newbie's wishing to start earning income online. Therefore it is the most important question I am ever asked to answer.

Sadly the majority of people making large incomes online do so by selling ideas, reports or software aimed at showing you how to build a foolproof road to riches. Even more sadly the majority of these foolproof systems do not work and will not exist in 6-months from now. So I guess that gives us one massive pointer - Ignore everything that's new because if it's any good it will still be there in 6 months or a year from now.

This leaves proven systems like eBay, Clickbank and AdSense etc. as systems that have passed the test of time and are therefore worthy of our business investment dollar.

Beware taking on too much. I wasted over $45,000 by trying to take on everything I saw advertised when I first started trying to build an online income. After two years I was still looking for my first cent of income. Please don't fall into such a trap. Eventually I wised up and decided to pick just one idea and run with that until I made it work. It matters little what idea you choose and I will not attempt to suggest one is better than another. On my website http://www.ayecasher.com/ I list many that have stood the test of time and included on that site is the one I finally ran with. Check them out for yourself and see what appears best suited to you.

We all dream of building a lifestyle of our choice and being able to finance that lifestyle rather than having our lifestyle dictated to us through circumstances. Starting an online business is one of the methods you can use to provide that extra cash. Just be careful in what you choose and if it appears too good to be true it probably is.

Article by Davmac. http://www.ayecasher.com/. © Copyright JEM Trust 2008.