Is IM Your Business or Hobby? Warning This May Ruffle Some Feathers If You're The Sensitive Type...
Hi Guys,
We all read these posts here everyday, I made $6,000 in 2 days, I made $10,000 in one week, I made $1500 without even trying, I made a million last year and here's how, yet, when all is said and done, majority if not all of these posts as far as I can tell always conveniently exclude telling just HOW successful those promos really were (in terms of ROI, profits, reinvestment funds, growth rate for the near and far future, etc).
I mean lets face it, if I spent 2 years struggling to make money, and I spent $10,000 over that 2 years (plus a lot of other costs I don't consider) then over a 2 day period one month recently I bag $6,000, I get all excited and whoopdiedoo all over the place that I made money, I made tons, I made thousands, I'm one of those Internet geniuses, I'm an Internet success story (at least in the making or even already), I can teach people how to do this too, and all that, am I really being honest with myself?
Am I not actually forgetting something, that I spent $10,000+ so far, and I made $6,000 so far, erm, that means I'm still in the red, right? By Over $4,000! And, if my mortgage and other payments are due plus if I owe some folks that $4,000+, why exactly am I dancing around feeling like a success?
I would be far smarter to do the same thing again at least a couple of times, break even or make a real profit and then re-invest before I even thought to dance around. That would be the smart business thing to do, right?
Frankly, we wouldn't do this in the real world, if someone owed $10,000 even to their own bank balance, and they made $6,000 they would be happy yes but they wouldn't post up a free newspaper ad screaming about it...
Why are such small "successes" (and I use that word with caution), such a big deal especially when they really aren't "successes" after all -- if debt is owed and if it was a fluke that can't be easily repeated, it's NOT a success.
Don't get me wrong, I was online 2 years without making a dime, spending 20 hours a day toiling before I eventually made my first $11.97 selling my first ebook, and it was the best money I ever made (emotions-wise).
But I wasn't thinking like I am now, I was younger then, more aloof, now I'm older, wiser, and I know that was really NOT a success story, it was a mere seed to that success story, and until I at least broke even on what I spent over the first 2 years, I really shouldn't have started to relax or feel so great, I should have buckled down and just tried to make a ton more money to cover my growing debts and then have more to reinvest BEFORE I felt successful...
All this is common sense in the real world... I don't know why when we get online we throw all this common sense to the wind, online is still the real world you know, and even more so since this is the ONLY source of income (fast or slow for many people). I'm going to be very blunt... (well I'm going to be more blunt...;-)
Till you have broken even on EVERY SINGLE DIME you spent toiling to make money, affiliate sales, your own product sales, adsense, and so on, you have NOT succeeded. You're not even CLOSE. Please look at this the right way, I'm not trying to rain on anyone's parade, but if you've been down the dark dark roads I've been, you'd see the sense in these comments...
You are one step closer to success by accomplishing these feats, but till you WIPE OUT your debts and can honestly say you have a SUREFIRE income coming in for X and X amount over the next 30 or more days, that will GUARANTEE your business is in a POSITIVE cash flow situation and DEBT FREE, you still have A LOT to do, now is NOT the time to get ultra excited, all those feelings will probably just lead to complacency and that will lead to you misspending those funds and then where will you be? And by misspending I don't just mean on frivolities, I mean on anything that doesn't get you closer to being 100% debt free for a long long long long time to come after.
Listen carefully to a warrior with the T-shirt"S" to prove all those silly mistakes, till you have broken even or cleared your debts and are in profit and regular profit at that, you're not yet in business, you have a hobby and an expensive one at that...
If you want a business... buckle down, don't scream about money that really is debt, unless you are really certain it's profits all the way, then yes encourage others, otherwise you're spreading false hopes, and that ain't gonna help anyone in the LONG RUN...
Just a sound suggestion from one who's been there, you can take it, or leave it but I really hope you take it.
Cheers,
Kunle Olomofe
We all read these posts here everyday, I made $6,000 in 2 days, I made $10,000 in one week, I made $1500 without even trying, I made a million last year and here's how, yet, when all is said and done, majority if not all of these posts as far as I can tell always conveniently exclude telling just HOW successful those promos really were (in terms of ROI, profits, reinvestment funds, growth rate for the near and far future, etc).
I mean lets face it, if I spent 2 years struggling to make money, and I spent $10,000 over that 2 years (plus a lot of other costs I don't consider) then over a 2 day period one month recently I bag $6,000, I get all excited and whoopdiedoo all over the place that I made money, I made tons, I made thousands, I'm one of those Internet geniuses, I'm an Internet success story (at least in the making or even already), I can teach people how to do this too, and all that, am I really being honest with myself?
Am I not actually forgetting something, that I spent $10,000+ so far, and I made $6,000 so far, erm, that means I'm still in the red, right? By Over $4,000! And, if my mortgage and other payments are due plus if I owe some folks that $4,000+, why exactly am I dancing around feeling like a success?
I would be far smarter to do the same thing again at least a couple of times, break even or make a real profit and then re-invest before I even thought to dance around. That would be the smart business thing to do, right?
Frankly, we wouldn't do this in the real world, if someone owed $10,000 even to their own bank balance, and they made $6,000 they would be happy yes but they wouldn't post up a free newspaper ad screaming about it...
Why are such small "successes" (and I use that word with caution), such a big deal especially when they really aren't "successes" after all -- if debt is owed and if it was a fluke that can't be easily repeated, it's NOT a success.
Don't get me wrong, I was online 2 years without making a dime, spending 20 hours a day toiling before I eventually made my first $11.97 selling my first ebook, and it was the best money I ever made (emotions-wise).
But I wasn't thinking like I am now, I was younger then, more aloof, now I'm older, wiser, and I know that was really NOT a success story, it was a mere seed to that success story, and until I at least broke even on what I spent over the first 2 years, I really shouldn't have started to relax or feel so great, I should have buckled down and just tried to make a ton more money to cover my growing debts and then have more to reinvest BEFORE I felt successful...
All this is common sense in the real world... I don't know why when we get online we throw all this common sense to the wind, online is still the real world you know, and even more so since this is the ONLY source of income (fast or slow for many people). I'm going to be very blunt... (well I'm going to be more blunt...;-)
Till you have broken even on EVERY SINGLE DIME you spent toiling to make money, affiliate sales, your own product sales, adsense, and so on, you have NOT succeeded. You're not even CLOSE. Please look at this the right way, I'm not trying to rain on anyone's parade, but if you've been down the dark dark roads I've been, you'd see the sense in these comments...
You are one step closer to success by accomplishing these feats, but till you WIPE OUT your debts and can honestly say you have a SUREFIRE income coming in for X and X amount over the next 30 or more days, that will GUARANTEE your business is in a POSITIVE cash flow situation and DEBT FREE, you still have A LOT to do, now is NOT the time to get ultra excited, all those feelings will probably just lead to complacency and that will lead to you misspending those funds and then where will you be? And by misspending I don't just mean on frivolities, I mean on anything that doesn't get you closer to being 100% debt free for a long long long long time to come after.
Listen carefully to a warrior with the T-shirt"S" to prove all those silly mistakes, till you have broken even or cleared your debts and are in profit and regular profit at that, you're not yet in business, you have a hobby and an expensive one at that...
If you want a business... buckle down, don't scream about money that really is debt, unless you are really certain it's profits all the way, then yes encourage others, otherwise you're spreading false hopes, and that ain't gonna help anyone in the LONG RUN...
Just a sound suggestion from one who's been there, you can take it, or leave it but I really hope you take it.
Cheers,
Kunle Olomofe
-Jason
~ The only regrets in life arise from the risks you never took ... Jason Aurelius Sawicki