Archive for the ‘Business’ category

How Do You Choose A Passion?

February 3rd, 2010

I’ve got a problem. My problem is my business, and life in general. I have no idea what I want anymore.

2009 proved to be a shitty year in quite a few aspects of my life, failed business, passing of family, financial setbacks a plenty… it’s been rough.

I don’t really let stuff like that get me down though, and I’m determined to make 2010 my year of change.

So, throughout the month of January, I’ve accomplished almost nothing “productive” as I would have previously defined it. Instead I’ve been going through and auditing my life and business and reflecting on just exactly what it is that I want…. and I’m still stumped.

I’ve managed to delete a lot of things that I know that I DON’T want… so I guess that’s a start.

To be honest, though, I’m having trouble making cognitive decisions about what I really DO want… Where I want my life to head… What I want my business to become… What I want my life to be.

It’s tough stuff…

So, I pose this question to anyone reading this post: What was it that made you choose your path? How did you know where you wanted to head?

I have a feeling that it’s going to just boil down to me sacking up and doing random things until I find something I’m passionate about…

The Wisdom of Will Smith

January 15th, 2010

I often look to people who have overcome huge obstacles, or achieved things that the average person just can’t seem to make work, in order to try and better round myself as a human, but also as a business person.

Check out this video I stumbled across of Will Smith and his philosophy on life. I thought it was pretty damn good.

Some of the quotes I like are:

“There’s no reason to have a plan B, because it distracts from Plan A.”

“I want to do good. I want the world to be better because I was here.”

“I realize that, to have the level of success that I want to have, it’s difficult to spread it out and do multiple things. It takes such a desperate, obsessive focus. You really gotta focus with all of your fiber and all of your  heart and all of your creativity.”

I hope you enjoyed it as much as I do.

Case Study: Making Money Online For Free

November 25th, 2009

make-money-onlineIn case some of your don’t know what I do, it’s called affiliate marketing. Essentially, I make money by promoting other people’s products and/or services. Essentially, I am an online, commission only, sales person. Only I use the “sales” part very loosly.

So, I’ve been asked about what I do so many times, and tried to explain so many times (to no avail), that I’ve decided that I will just do a very top level, basic overview case study of exactly what I do.

I’ll outline the entire process (which won’t be much, trust me), but I WILL make money from it.

In an effort to make the playing field level, and allow everyone to learn from it, I’ve set up some rules.

1. Everything must be no cost

  • All marketing efforts and “website development” must be from free sources leaving an easy point of entry for anyone interested in starting out.

2. I will spend as little time on it as possible.

  • For me, my time is far more important than money. I’d rather not work 1000 hours a week for a million dollar pay check. To me there is no point in living if you can’t enjoy your time. The object to this case study is to create as passive an income stream as possible, in as little time as possible, utilizing as little resources as possible.

That’s about it. I really want to be able to show people just how simple it really is. So, don’t take the above as me not wanting to try… I just want to show you that even a complete novice to the web could start making money online without any problem.

The Case Study:

So far the steps I’ve taken are:

  • Set up a free account at blogger.com
  • Written 3 articles
  • Developed an affiliate relationship on a CPL (cost per lead) basis with a company within the same niche

The niche that I’ve chosen has been the mortgage renegotiation niche. You can follow the blog here:

http://renegotiate-mortgage.blogspot.com/

Monday Morning Motivation – Want to succeed? “Do it”

November 9th, 2009
Succeed in Business

Succeed in Business

I stumbled across a great video this morning that pretty much just breaks it down for you… Art Williams breaks open a Pandora’s box of insight on what it takes to win at life.

It’s about 20 minutes long, but well worth the listen. If you don’t have the time to watch it, just let it play in the background and LISTEN to it.

In the video Art Williams talks about his thoughts on why winners win and losers lose.. Why “smart people” have a harder time winning at their goals than “dumb people” and the difference between a 50K / year earner and a 500K / year earner. I’ve got to say, it all pretty much makes sense now. I plan on watching this every time I feel like a victim of circumstance and/or feel like my motivation is waning.

So, go here and watch this video and take notes. And just so it doesn’t catch you off guard (if that kind of thing phases you), it’s got some religious content because he’s speaking to some of the worlds best known sales people…. TV evangelists. haha. But seriously, take a look because there is some gold to be found.

http://video.google.com/videoplay?docid=-5026310041540225283&hl=en#

You’ll never hear me bitch or make an excuse about why I’m not winning again.

Practicing What I Preach – More on Outsourcing for Digital Companies

August 5th, 2009

outsourcingI took a moment to practice what I preach and outsourced 20 articles yesterday. What did it cost? Well…

While I could just give a simple dollar amount, that wouldn’t cover the actual investment aspect of this equation so, I’ll make you read for it ;)

Let me first start by saying that total, I have a whopping 16 articles that I’ve managed to muster the motivation to write over the past 2 years. Not too impressive. I’ve found that it’s just something that I won’t do. I hate doing it, it takes me all of about 10 minutes to do one, but it’s the most miserable 10 minutes of my day… So, I don’t do it.

Problem with that is, a huge portion of my business counts on me doing a few things:

  • Spreading my seed – “brand awareness” if you will. I don’t make any money if people can’t find me.
  • Targeting my customer – focused content provides targeted demographics, just the kind of thing I need in order to find people that might be interested in a particular niche product or service
  • SEO crap – backlinks, site credibility, etc. All of that needs to be done

There are a few ways to accomplish those tasks, but articles seem to be the easiest and least expensive way to do it all while leveraging the traffic of a larger site than yours (article directories).

Adwords, and the like, can be quite costly and often there is so much competition that your profit margin takes a dump… and no one likes working for free (or if you do, let me know because I have lots of work for you).

So, back to the issue of cost. A more pertinent question would be, how much is it COSTING me to NOT do articles? How much is an article worth?

Well, like I outlined yesterday, each article is worth about $20 bucks to my business model. So, for every article I DON’T write, the opportunity cost is roughly $20 to my bottom line. OUCH! I could have been rich by now!

But, part of being a successful entrepreneur is knowing your weaknesses.. and NOT improving on those, but paying someone else to do them for you!

So, since I won’t get off my lazy ass and write them, I outsourced 20 of them on a test phase. I want to make sure the content is quality enough for me to publish without looking like a fool. Total dollar amount that came out of my pocket? $100.00

Most of you might be saying: “Holy crap, you wasted $100 bucks because you’re too lazy.”

And to those of you that thought that, I’d say this:

Yes, I’m lazy when it comes to medial tasks that are so low level and boring that they take the enjoyment out of my day. Part of working for yourself is being able to enjoy what you do, right? Also, no I didn’t waste my money. The bottom line is that it wasn’t going to get done. If every article I write is worth $20 to my business model, and I just outsourced them for $100, THEORETICALLY I will see a 400% ROI in dollar value, not to mention the value of them actually getting done, and the value of my TIME to put towards tasks that are more important.

This might be the best $100 I’ve ever spent. ;)

My point being, you can teach tasks to people and have them do it for a fee, you can’t buy more time (or maybe you can, by outsourcing) to spend time on high level tasks like brainstorming, directional positioning, and business decision skills. Spend your time doing what matters, spend your money paying others to do what doesn’t. You’ll be a whole lot more successful in the long run.