18 replies
I wanted to cover in brief a common misconception that I keep seeing time and time again both here and elsewhere in these forums.

Your focus should be on stacking your time, efforts, and energy towards future rewards, rather than trading time for money.

I see a huge number of people saying that they'd be "satisfied if I could just make $1 a day", or if they could just "make $100 a week", etc. etc. etc. etc. etc.., and asking how they can get to there, with as little work possible, and then just sit back and get by.

In my opinion: this is the wrong mindset.

That's the "trading time for money" mindset. Wanting to get to a consistent, and measly $1 a day, or $10 a day. That's wanting the level of consistency of a job, and being willing to put in roughly the same effort.

Working in a job is straight forward. It's long and difficult in that sense, but it requires very little long term planning and thinking for your future. If you're looking for an online job to make $10-$30 a day, write cheap articles, and trade your time for money. That's your choice.

But if you are sick of trading time and effort for money, then stop thinking like that. You should be thinking of your earnings as an upwards curve.

They should start at 0, and then stay, really, really low, but slowly, overtime, they build upon themselves. This should exist, regardless of whether or not you're using an increasing list, an increasing number of articles on article sites, an increasing number of niche sites. Your efforts should be building upon themselves and steadily increasing.

This is the difference between buying a house and renting. It's the difference between staying at a static level and increasing. Rather than focusing on the small, right in front of you, details, you should be looking towards the big picture, and stacking all of your efforts towards it.

When you rent, you pay a flat fee, and you get to live in a location. When you buy a house, you pay a flat (larger and more complex) fee, but your efforts are stacking towards owning that house. All of your efforts are going towards future rewards.

A large number of WSOs keep you in this homeostasis point. Buy a WSO, make a little money on some of them, buy more WSOs, rather than stacking towards the future.

Numerous, unbiased studies have, and continue to show that those who are successful in any field, get that way by putting their efforts towards future success, while taking a cut in the immediate present.

So don't be afraid to sacrifice some ease of implementation, don't be afraid to be creative and take risks outside of the boxes that are so carefully designed to keep your earnings on a flat, even, never increasing line, and try to stack ALL of your efforts toward future, larger pay offs rather than scraping for a couple of bucks now.
#effect #snowball
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  • Profile picture of the author nicholasb
    more people need to understand this, to many people think that once you get into this business they'll start making a bunch of money starting the next day, and fail to realize they need to keep working and pushing even when they are not seeing results right away.

    The momentum will continue to build over time, I've always imagined it as pushing a large boulder up a hill, pushing every day harder and harder, until one day you get to the top and it simply rolls down the other side without any more effort on your part
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    • Profile picture of the author robestrong
      Originally Posted by nicholasb View Post

      more people need to understand this, to many people think that once you get into this business they'll start making a bunch of money starting the next day, and fail to realize they need to keep working and pushing even when they are not seeing results right away.

      The momentum will continue to build over time, I've always imagined it as pushing a large boulder up a hill, pushing every day harder and harder, until one day you get to the top and it simply rolls down the other side without any more effort on your part
      Momentum. That's a word I forgot to mention. Absolutely. You build momentum.
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  • Profile picture of the author napoleonfirst
    Trhat is the reality of today's world, and it remembers me about what Jamie Lewis said in one of its seminars. We are so conditioned bythe past education to drade time for money that it is rather difficult to get out that mindset.

    What is the solution? I do not know the exact solution but reading inspirational books, joining forums such as this one and attending business seminars will help you overcome this shink mindset.
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    • Profile picture of the author Joseph Pragasam
      Good eye opening post! Success in anything you do, starts from your mindset!

      Think small, and that's what you get. The same is true if you think big. Whether yoh think small or big, nothing is achieved if nothing is done.
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  • Profile picture of the author Jtraits
    nice post. once you get started and even make your first $1, this is where you should keep trying. even if you make the first $100, it does't mean that on the next week you will get again $100 if you simply lay back and wait. it's a continuous try
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    • Profile picture of the author curly sue
      Well said Robe, the key to on-line success is leverage(list swap, affiliates), networking(joint venture partners) and outsourcing(hire freelancers). If you are trading your time for money, you might as well get a J.O.B
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      • Profile picture of the author robestrong
        Originally Posted by sexy sue View Post

        Well said Robe, the key to on-line success is leverage(list swap, affiliates), networking(joint venture partners) and outsourcing(hire freelancers). If you are trading your time for money, you might as well get a J.O.B
        Absolutely, those three are key. Eventually you stop seeing earning money as a linear process and you start to branch out in these three ways and stack towards the future.
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  • Profile picture of the author sparrow
    reinvesting in your future is what this is all about

    good post
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  • Profile picture of the author skyjoe76
    It's self employed vs business owner. Self employed sees how much they can make now with their time and service. Business owner sees how much they can make in the future with their system.

    It depend on which stage in life a person is at? A person may be at the stage of high need of instant cash to pay bills. Therefore, trading time for money is priority. Building a pipeline is not his/her immediate needs.

    Nevertheless, to have a sustainable income, one has to build a pipeline sooner or later.
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    • Profile picture of the author robestrong
      Originally Posted by skyjoe76 View Post

      It's self employed vs business owner. Self employed sees how much they can make now with their time and service. Business owner sees how much they can make in the future with their system.
      Bam. It's so easy to get into that mindset of making a decent amount of money without a larger, scalable, upwards trajectory in place. That's what's key.

      After you get your systems and willpower down, the difference between being a success is just how high you're setting yourself up to reach.
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  • Profile picture of the author talfighel
    Good post Rob.

    This also applies to those who are building a list. Just because you got 50 people to subscribe and no one bought, does not mean that you should make a ton of money right now. You need to be persistent. As time goes by, more and more people will join and slowly but surely, some of them will buy your product.

    Last thing I wan to add......

    If you are an affiliate marketer, you need to think about the future of your business. Long term, you need to learn how to earn residual income and how to leverage from other people's efforts too. That is the only way your income will grow.

    You can not be a one man band. You need to be an ORCHESTRA.
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  • Profile picture of the author Evocess
    Very well said Robe.

    In starting your online business you must have desired goal that you want to achieve and for you to achieved those goal you need to be patient and consistent.

    If you fail in the first run of your business don't hesitate to try it again until you get the momentum and keep pushing towards your goal.

    Mindset is very important in everything you want to do.
    Without mindset you just spent your time for a flat result.

    Cheers!
    Justin Durano
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    • Profile picture of the author robestrong
      Most of the time when people give up, they get a little ways into each system, maybe get some results on the lower tiers, perhaps some luck gives them some higher results, but because they don't push on through the plateaus, gaining in skill and results, they miss out on the bigger pay offs down the line, and by extension, waste all of the time and money they put toward starting.
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  • Profile picture of the author Sushiman1111
    Excellent post. Especially this part:

    "[Your earnings] should start at 0, and then stay, really, really low, but slowly, over time, they build upon themselves. This should exist, regardless of whether or not you're using an increasing list, an increasing number of articles on article sites, an increasing number of niche sites. Your efforts should be building upon themselves and steadily increasing."
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  • Profile picture of the author Gengis
    Great post homie.. Your mind set is correct when it comes to long term thinking.. Most are caught up in the moment and are only interested in instant gratification so they miss out on so much..

    Thanks for sharing and have an awesome 2013!

    Gengis
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  • Profile picture of the author WebMeUp
    Great post. I doubt if anyone could have said better.
    This is a very tricky question. What is better – to sell 1hour per 1$ or invest and get 100$ in a month?
    It is common practice in offline business too. I mean, you can meet those people in almost every niche you could possibly think of.
    Sometimes I wonder why all these people do not take great advantages. They do not read great articles which tell us about effective methods. They do not use any software tools, neither for seo analytics nor for tracking keywords, competitors and progress in general. They keep asking questions about black seo, paid links and spam etc. But maybe they just need this 1$ right now and desperately.
    But there are two good points here.
    One. It is vivid they won’t achieve any success which can be shown by smart business. And still we need them to understand how we want to work, do we want to invest or get small money now. The market in SEO is versatile, how can we differ smart SEO from simply getting several dollars a day?
    Two. While people simply sell hours for dollars, we rise, and get better and smart.
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