Things that will make you money EVERYDAY

What a wonderful timely word.

Point well taken, I've just realized the very same thing today. That's why I'm going to write the damn posts to article directories right after my 30 mins on War forum are done ^^

What you're referring to is known as The Pareto Principle (also known as the "80-20 Rule." The 80/20 Rule simply means, approximately 20% of your efforts produce 80% of the results. In other words, it's not enough to work hard, you have to work hard at the right things - those things which produce the greatest amount of returns for the least amount of time invested.

For me, that would primarily include writing new articles, while continuing to promote the articles that are already in the marketplace.

David Jackson

Such a great post! Seems like such simple advice, but how many of us really stick to it consistently? I know I don't as often as I should. Thanks for the kick in the pants, Ron.

It usually comes down to writing something or shooting videos - content creation, in other words - in my business. If I cut out the 1-2 hours each day that I spend doing "busy" work, I'm sure my monthly income would jump significantly. So I'm making a pledge to do that, starting now!

John

I listened to the same call, and am looking forward to being part of this beta group. Here's something I thought of . . . while sending out an email can bring in instant income, there's something else we should be doing most every day, and that's working on new products.

By spending some time each day on product development we ensure we'll always have new products to add to our portfolio of goods to sell. New products sell well to previously satisfied customers, and brings in new buyers as well.

Content is the core of marketing, so I focus on researching and article writing. Additionally, I also focus on squeeze page building and list building and product discovery and creation.

Product creating is becoming very profitable for me, so I'm going to expand that in the near future. Guess a goal of working on a new product each day until it's finished might do me some good.

Leslie

Making sure that my opt in form or list gets a minimum number of subscribers per day and since I have an auto-responder that sends out about 20-30 emails, I know that people will come off and become unactive subscribers so I try to email them every 2-3 days.

Tal

Look to buy income creating websites - the idea for me is to create multiple income streams and eventually generate enough passive income to stop working a job.

i guess the easy thing for me is to focus on creating products faster, spend 10% on that and spend the other 10-30% of my time promoting those products, building backlinks and recruiting affiliates.

For me, that 20% would include more product creation and also making it a point to consistently write emails for my autoresponder to send out (this is something I can be incredibly lazy about, just like Ron). Additionally, I'd want to put in the extra effort in explaining and elaborating more on the additional upsell services (only the helpful/advantageous ones, of course) when talking to my offline clients.

Interesting post, these days i spend less time not more time doing. By that my focus has shifted from the i must be doing something as a priority to I must review and plan as a priority.

Often in just do it mode it was I would be left in a kaleidescope of options and in the confusion of what i really should be doing effective time was lost.

So now rather than do as a priority, it is review what was done, was it effective ? or what needs to change moving forward, then the biggest one after that is planning.

This is being able to combine every single thing onto a plate and take away emotion and apply logic and balance into a ordered list.

Then once i have this my effective work time is very pin point and more effective to a point where you just rattle of in order of schedule those mundane tasks required to move to the next review.

A system I do not have it perfect (and doubt i ever will be perfect) but one i spent most of my time developing so it does run as smooth as i can get it.

In my old days i though bashing out content / promotions was a priority, or doing things in that order, today it is 90% planning behind the scenes before anything happens on-line / on-line related.

Most people on this forum aren't actually making money...

There is another principle called Parkinson's Law which basically states that work expands so as to fill the time allowed for its completion.

If you give your job a deadline of two hours, it will take you two hours to complete, however, if you only give it one hour, the same holds true - it will only take you one hour to complete.

I have found that by scheduling my tasks and errands, i can really be more productive and get more accomplished in my day - including proifts!

Try it out, it works!

What a great piece of advice. I, too, spend a lot of time on busy work that don't make me any money. I need to start focusing my efforts on tasks that will directly generate income for me.

Great point Ron.

The minute I accidentally slip back into "web developer" mode and have my head buried in code, the money stops.

When I get back to focusing on sales, the money comes.

Pretty simple really.

That is great advice that most of fail to adhere to...

Ron,

Great post! I used to work with a guy who was all about activity. He would go go go all the time, but when you looked at his sales for the month they were abysmal. Reason, he spent his time on the 80% not the 20% that would have produced results.

By the way some of us may know that guy/gal personally

Steve

- or automate or outsource it to duplicate those efforts 100+% fold
For me it's about automation and delegation of what we all want - MORE PROFITS.

I like to break things down into it's fundamental form, so for me it's about figuring out specific ways I automate the following:
Revenues where R= P*Q*conversion%

and the reduction of costs (fixed, marginal and average).

When we focus specifically on ways we can automate and/or delegate the gradual increasing of prices (ex.offering more value), increasing quantity sold (either repeat sales from pre-existing customers or acquiring new customers) and converting more prospects to sales (conversion percentages), we know what we have to do to get more REVENUES!

I don't think the average IMer has sat down and said "ok here are the 5, 10, 15 or 20 things I need to do in order to be able to increase my prices, increase my repeat sales, increase my new customer acquisition and increase my conversion percentages...now let me go out and automate and or outsource those things!"

Second part is costs. There are ALOT of hidden costs in the internet business relm.....one specific hidden cost is related to "free traffic".

There is no such thing as "free traffic", it is either going to cost you money or labor hours (which you have to pay for if you outsource the work). SEO is often times alot more expensive than people realize - one of the hidden costs I talk about.

At the end of the day, I am always looking at my business processes and trying to figure out how I can automate and/or delegate/outsource those aspects of my business most closely related to increasing prices, incresing customer acquistion, increasing customer retention and reducing costs (fixed costs, marginal costs and average costs).

It all boils down to 2 factors when it comes to making money:

Increasing our Revenues...

Reducing our Costs.....

Once we figure out those few things that most closely impact those (2) factors, spending the bulk of our time doing those is key...

As an example, a guy I know calls leads "money at a discount". He says if you find a good lead source (say a nice pocket of quality traffic) and from testing you know that on average say 5% of those leads are going to convert to sales, well then you are "buying money at discount". He would say devote every waking minute to figuring out how you can buy as many of those leads as possible because in effect you will sort of be buying money at a discount like an exotic interest rate options trader, lol.....

Feel free to PM if you're are interested in some of the automation resources I use....

Hi Ron,

Excellent advice. Sometimes I get in the train of doing things, rather than kicking back and looking at what's working and what's not.

Nice Comments

Mine Is quit simple, i will create an review site or blog, write the affiliate product reviews on it. Add the affiliate banners on it. Then use PPC [google adword] to promote it.

The affiliate comission must be high @least $20-$40 per sale.

The adword text must be well writen using the niche keywords.

The result is very simple and easy. all i do is sit back and watch the money rolling in on a daily bases.

Yep I have to admit I don't get enough done that should be done but hearing everyone else's story reminds me that I need to get off my ____ and just do it,now where was I?I have to find my notes and run through them to stay in the order of doing things.Focus,focus,focus

This is one of the best posts I have seen on WF. SO TRUE!

Yep I agree but some customers don't like emails

Creating content is my 20%.

Great Method.Thanx

Totally! Funny I was just thinking about same thing yesterday, what hit me yesterday was good old Nikes tag line "Just Do It" simple but powerful.

I don't really understand how most people think creating content,
writing articles, or any other creative task can lead to making
money...it can be fun if you do it by yourself or with a team, but
all that is not what leads to making money.

Personally, I spend 80% of my time MARKETING, and 20% doing
everything else NOT related to marketing. Marketing, Sales, and
Promotion is what makes things happen...nothing else does.

Writing is my 20% - writing emails to my list... writing blog posts... writing sales copy...

We all should learn from this.It is great indeed.

As for those who are unorganized l think the fact is that if you write down
all that you intend to do you should be able to get things done from which
you could make money every day.

I definitely suffer from this. Today, I was sitting at a red light and thought that I need to stop consuming products and start building some. Of course my mind said, just read the next 5 and THEN you build yours.

Been going on for months...

Advertising on Facebook and WomVegas.US everyday gets me sign ups for my programs and products. I also use free leads from FreeBusinessLeads.info!

Great point that most of us don't pay much attention to.

There are so many things you can add to this list.

My little input would be to...

1. Test and track your results (so you know which 20% you should focus on the most.

2. Create content. I realize that we live in an IM world where most of us (including me) buy a lot of content. But, for me personally, I've found that creating my very own unique content (even if it's for using as articles to be submitted) is very valuable.

3. USE all the PLR we've got stored on our harddrive. If all you can do is take one PLR package (as is!) throw it up on one of your sites, and set up the order processing for it, you may get an extra sale or two without doing anything else.

Of course, if your site isn't getting much traffic yet, I would also recommend that you submit at least one article for this new package/offer to get things rolling.

In my other reports, I've mentioned stuff like "Send out at least one joint venture offer to someone new each day"...or...create one new article each day, etc.

If you have my 50k report (offered free in the War Room,) you can see a whole list of things I did within a month to leverage existing assets and resources in order to create some new income streams (or at least some windfall profits.)

I also posted something here earlier this year that was about focusing on creating at least one residual income stream each week.

An example would be to take a hot PLR package, plug it to an opt-in form (depending on the distribution terms of the package, of cousre,) and then plug that to either your own or someone else's (affiliate) residual income-generating product/service.

Bryan

I need to create some type of content consistently - write an article, blog post, forum post, etc.

Keep adding new content that brings in traffic.

Ron,

Good post.

P.S. I walked in my Target store in Houston yesterday and saw
Top Secret Recipes! Congratulations for your hard work and all your success.