How I Made $226.39 Today...Doing NOTHING

by Steven Wagenheim 48 replies
That's right. NOTHING.

I woke up, checked my email and then started helping my daughter get ready
to go to college for the fall semester. Drove her there, helped her move in,
found out she forget stuff, came back, went back, went to dinner, dropped
her off, came home, played my guitar.

The only thing I did today was answer a bunch of posts and PMs here at
the forum.

I did NO real work.

And I made $226.39 as of 9:06.

Now don't get me wrong, his is a lousy day for me as last month I
averaged well over $400 a day.

So how did I make $226.39 today doing nothing?

Easy.

I worked my butt off for 5 plus years. I made a name for myself. I put my
wheels into motion and kept at it until I saw that one day I could coast
on the work I've done and still make a little better than half of what I
would make on a day where I busted my butt some more.

And don't forget, today was Labor Day. Lotta folks were nowhere near
their PCs.

And I still made $226.39.

If I made that crappy amount everyday this month, I'd still make close to
$7,000 for the month. That's right. I could probably sit on my butt for the
rest of my life and make over 80K a year.

Wonder how much I'll be making on autopilot after 5 more years of busting
my butt.

Here's my point.

Don't just look at what you're earning right now as you build your business.
Look down the road at what you could be making if you just consistently
put the time in each day for a few years.

Showing up is half the battle.
#main internet marketing discussion forum #made #todaydoing
Avatar of Unregistered
  • Profile picture of the author matthewd
    This is one of the aspects of IM that I absolutely love... one of th coolest things is "taking a day off" but still making good money.
    {{ DiscussionBoard.errors[72061].message }}
  • Profile picture of the author Kevin Riley
    Originally Posted by Steven Wagenheim View Post


    Showing up is half the battle.
    Your math is wrong ;-)

    Woody Allen -- "Eighty percent of success is showing up."
    Signature
    Kevin Riley, Kevin Riley Publishing, Osaka, Japan


    {{ DiscussionBoard.errors[72063].message }}
    • Profile picture of the author Marian Berghes
      great post, i think that is the type of reward you want to see after working some years in the business. i mean, in these kind of cases you REALLY see what that hard work was for, now customers trust you, you are known as some1 that delivers good quality products so you now see the results of all that work. hope some of us will get to that point sometime.
      {{ DiscussionBoard.errors[72083].message }}
    • Profile picture of the author Steven Wagenheim
      Originally Posted by Kevin Riley View Post

      Your math is wrong ;-)

      Woody Allen -- "Eighty percent of success is showing up."
      Yeah, well my wife is the math teacher in the family. Only thing I know
      about math is that it starts with an M and ends with an H and there's an AT
      in the middle.

      At least I can count my money (with the help of a calculator of course)
      {{ DiscussionBoard.errors[72092].message }}
      • Profile picture of the author AndrewCavanagh
        There are 3 kinds of people in the world:

        1. Those who are good at math.
        2. Those who aren't good at math.


        What you're saying here is so true and it doesn't just relate directly to your daily, weekly or monthly income.

        Every time you create a web page and put it online or use a program like photoshop to create a headline or create a hyperlink for the signature in your forum profile...everything you do in your online business...

        Increases your skill set.

        Then when a great opportunity comes along you can capitalize on it with relative ease.

        Doing that with the skills you had when you started out would have been impossible.

        The work you put in now adds up in many different ways.

        Kindest regards,
        Andrew Cavanagh
        {{ DiscussionBoard.errors[72110].message }}
        • Profile picture of the author Ricter
          I wish we could all be rich and do nothing! We could all sit on our butts at the beach and drink magaritas served to us by.. by.. uhh.. nm. ; )
          Signature

          - For your import/export/customs questions or problems, send PM.

          {{ DiscussionBoard.errors[72121].message }}
          • Profile picture of the author Janet Sawyer
            Originally Posted by Ricter View Post

            I wish we could all be rich and do nothing! We could all sit on our butts at the beach and drink magaritas served to us by.. by.. uhh.. nm.

            And that's the point, we all have the ability to sit on our butts at the beach and drink whatever we choose....... cool clear water at the beach is best me thinks.

            Steven managed all this before he even thought about going to the beach

            I woke up, checked my email and then started helping my daughter get ready to go to college for the fall semester. Drove her there, helped her move in, found out she forget stuff, came back, went back, went to dinner, dropped her off, came home, played my guitar.
            The only thing I did today was answer a bunch of posts and PMs here at
            the forum.
            I did NO real work.
            And I made $226.39 as of 9:06.
            I am now truely convinced that Steven Wagenheim is Superman in disguise.

            Well done Steve.
            {{ DiscussionBoard.errors[72165].message }}
        • Profile picture of the author Richie Bigrac
          Originally Posted by AndrewCavanagh View Post

          There are 3 kinds of people in the world:

          1. Those who are good at math.
          2. Those who aren't good at math.

          I heard there are 10 types of people in this world; those who understand binary and those who don't.
          {{ DiscussionBoard.errors[74336].message }}
    • Profile picture of the author Michael Lee
      Awesome message as usual, Steven.

      Work hard and smart at the beginning. As time goes by, your ability to generate passive income increases.

      The more articles you create (or outsource), the more visibility and credibility you have on the net. If you churn out even just 1 article a day, in 5 years, you could have 1,800+ articles all working hard to promote your sites.

      The same goes with having an affiliate program. As time goes by, you'll have more affiliates and JV partners promoting for you. As long as you treat them well, you'll enjoy a steady stream of recurring income.

      And there are many other internet marketing techniques you can use to generate passive earnings. Listbuilding, social bookmarking, forum posting, etc... the possibilities are endless.
      {{ DiscussionBoard.errors[72094].message }}
      • Profile picture of the author jhongren
        Hi Steven,

        Thanks for sharing your result PLUS the immense amount of work you need to do for 5 years or even more.

        I think many just want to earn that amount of money doing NOTHING.

        They did not know how much you have worked your butt off.

        It is not an easy journey. There are certainly lots of ups and downs.

        My mentor once told me: never stop learning; never be satisfied with what earnings you have now. The road is still long ahead.

        Cheers,
        John
        {{ DiscussionBoard.errors[72120].message }}
    • Profile picture of the author Andyhenry
      Originally Posted by Kevin Riley View Post

      Your math is wrong ;-)

      Woody Allen -- "Eighty percent of success is showing up."
      And 60 percent of statistics are made up.

      One of the things I used to love about IM was that while I was out gigging with my band, I could have a great party, get paid for the gig, get free beer all night - and then come home and find I'd made a few hundred bucks online while all that was happening.

      I used to like sharing the excitement about how much I was making, but I found that a lot of people don't want to hear it. Your real friends are always supportive, but some people don't have confidence in themselves or their future and would rather try and put you down than lift themselves up.

      I now tend to only talk about actual figures with close friends, but IMers always seem to ask. In the UK money and what you make is something that you're not supposed to ask people, but when it comes to IM people don't care.
      Signature

      nothing to see here.

      {{ DiscussionBoard.errors[72099].message }}
      • Profile picture of the author Ron Douglas
        Originally Posted by Andyhenry View Post

        And 60 percent of statistics are made up.

        One of the things I used to love about IM was that while I was out gigging with my band, I could have a great party, get paid for the gig, get free beer all night - and then come home and find I'd made a few hundred bucks online while all that was happening.

        I used to like sharing the excitement about how much I was making, but I found that a lot of people don't want to hear it. Your real friends are always supportive, but some people don't have confidence in themselves or their future and would rather try and put you down than lift themselves up.

        I now tend to only talk about actual figures with close friends, but IMers always seem to ask. In the UK money and what you make is something that you're not supposed to ask people, but when it comes to IM people don't care.
        Oh come on Andy, keeping secrets is no fun. Have some consideration for your snoopy US Warrior friends.
        {{ DiscussionBoard.errors[74030].message }}
        • Profile picture of the author Justin Michie
          Great post Steven. Most people who fail, fail because they give up to soon. Anyone who sticks at it, will eventually ‘make it’ in IM… You’ll eventually have little bits of cash coming in from so many places that you won’t be able to stop it – even if you wanted to.

          Cheers,

          Justin
          Signature
          Instantly Increase Your Commissions By 33% Right Now:
          http://Click.org/wso
          {{ DiscussionBoard.errors[74071].message }}
          • Profile picture of the author ecoverartist
            I found myself nodding YES enthusiastically to every one of Steven's Top 25 list points.

            One question for you though - on this point:

            20. Observing Trends - If you don't know what's going on around you, you can't run an effective business.

            How do you keep up?? I'm seriously drowning in RSS feeds and newsletters. And ALL of the information is good. I wish I had 12 more hours of time just to take it all in. How do you know what's a trend and what's here to stay? (case in point, Google Knols)

            Do you recommend any particular testing/tracking program?
            {{ DiscussionBoard.errors[74089].message }}
            • Profile picture of the author Steven Wagenheim
              Originally Posted by ecoverartist View Post

              I found myself nodding YES enthusiastically to every one of Steven's Top 25 list points.

              One question for you though - on this point:

              20. Observing Trends - If you don't know what's going on around you, you can't run an effective business.

              How do you keep up?? I'm seriously drowning in RSS feeds and newsletters. And ALL of the information is good. I wish I had 12 more hours of time just to take it all in. How do you know what's a trend and what's here to stay? (case in point, Google Knols)

              Do you recommend any particular testing/tracking program?

              There's no easy answer to this. I go with my gut and listen to what others
              at this very forum share. If I think it's something I can use, I use it. If I
              find it doesn't add anything to my business I kill it. It's that simple.

              It's not an exact science. You go with your instincts. Over time, hopefully,
              those instincts improve.
              {{ DiscussionBoard.errors[74107].message }}
              • Profile picture of the author davebo
                Banned
                [DELETED]
                {{ DiscussionBoard.errors[74137].message }}
                • Profile picture of the author ibringjoy
                  As usual, you have brought to us another inspiring thread!

                  It's not inspiring so much because of people talking about sitting on the beach and making money for doing nothing, but because it gives us confidence that all our hard work really will amount to something. It can be discouraging when you work so hard and there seems to be nothing to show for it. But I have always been certain this industry will still bring you a lot more than working at a regular job for 40 years and then trying to retire on less than half of what wasn't enough in the first place. It is certainly a better "business model" than the regular job scene!

                  Congratulations for making it to the point where good profits can still be coming in when you take some time off. They are well deserved. It's kind of like when someone works their butt off for years to become an "overnight success".

                  I also agree with your Top 25.

                  Kathryn
                  {{ DiscussionBoard.errors[74190].message }}
      • Profile picture of the author Lance K
        Originally Posted by Andyhenry View Post

        And 60 percent of statistics are made up.
        50% of the time.
        Signature
        "You can have everything in life you want if you will just help enough other people get what they want."
        ~ Zig Ziglar
        {{ DiscussionBoard.errors[74162].message }}
        • Profile picture of the author Martin Luxton
          Steven,

          You save all your forum posts?

          Is that file twice or 3 times longer than the complete works of Shakespeare?

          Martin
          {{ DiscussionBoard.errors[74194].message }}
  • Profile picture of the author Chris W. Sutton
    Your math is wrong ;-)

    Woody Allen -- "Eighty percent of success is showing up."
    You would take Woody Allen's word over Steven Wagenheim's word? What kind of a creepy person are you, anyway?
    Signature

    {{ DiscussionBoard.errors[72070].message }}
    • Profile picture of the author Kevin Riley
      Originally Posted by Chris W. Sutton View Post

      You would take Woody Allen's word of Steven Wagenheim's word?
      Wrong grammar, you hillbilly retard
      Signature
      Kevin Riley, Kevin Riley Publishing, Osaka, Japan


      {{ DiscussionBoard.errors[72085].message }}
    • Profile picture of the author Dana_W
      Originally Posted by Chris W. Sutton View Post

      You would take Woody Allen's word over Steven Wagenheim's word? What kind of a creepy person are you, anyway?
      Ahem. Chris, I'd link to the mankini photo, but I think we've all suffered enough.
      {{ DiscussionBoard.errors[74347].message }}
      • Profile picture of the author Chri5123
        Nice work Steve.

        It is so true what you say about reaping the benefits AFTER you have done the work, sometimes it can take a while to get going but once you are there you are laughing!

        My girlfriend doesn't get it when I have day's like that, she is convinced I am lazy and then I will tell here that I worked hard for it, and she will say "What playing on the computer all day?"

        Oh Well!

        good luck and more success to you!

        Chris
        {{ DiscussionBoard.errors[74383].message }}
        • Profile picture of the author freudianslip27
          Steve,

          very cool thoughts here, and certainly something to help motivate others

          My favorite is when I go on vacation and don't do jack for a few days, and still earn. Man is that cool!

          My only regret is that I didn't focus on building a business at first, I spent the first years of my IM life with bursts of success that weren't scalable or long-term.

          Unward and upward!

          Matt
          Signature

          WarriorForum Rules!

          {{ DiscussionBoard.errors[74406].message }}
          • Profile picture of the author MADMONEY
            hello,

            I've been online marketing for almost 3 years now and having come from the automobile industry and having had the opportunity to work16 hour days. And work every holiday except Christmas and Thanksgiving. I can tell you that I Really enjoy Internet marketing.

            Although, it's not easy work since I am not a typist nor a computer programmer, yet I have managed to learn most if not all the necessary skills to earn an online income.

            So I must chime in with Stephen and say that I too enjoy making money, while not working.

            But I must admit that working most of the time16 hours a day at the computer can be quite tiring. So those days in which I make money, and I am not behind this vision sucking machine I call my computer. That's a sheer pleasure!

            Mad money
            {{ DiscussionBoard.errors[74555].message }}
  • Profile picture of the author Chris W. Sutton
    Chris, you gonna take that from a guy who looks like a cross between Johnny Depp and Sasquatch?
    Nope, I edited my post and now he's the one that looks stupid!

    Johnny Depp? You must be seeing something in him that is not visible to the naked eyes of anyone else!
    Signature

    {{ DiscussionBoard.errors[72132].message }}
  • Profile picture of the author Chris W. Sutton
    I am now truely convinced that Steven Wagenheim is Superman in disguise.
    Janet, please forgive me for disagreeing with you but the truth is... Steven ISN'T really Superman. He just likes running around in those colorful underdrawers!
    Signature

    {{ DiscussionBoard.errors[72188].message }}
    • Profile picture of the author Kevin Riley
      Originally Posted by Chris W. Sutton View Post

      Janet, please forgive me for disagreeing with you but the truth is... Steven ISN'T really Superman. He just likes running around in those colorful underdrawers!
      At least he has the colourful ones. Sutton has those horrible old one piece long johns with the flap in the back. Since he's getting kinda senile and often forgets to close that flap, you don't want to see him running around in his underwear. (Where is that little barfy emoticon from Skype when you need it?)
      Signature
      Kevin Riley, Kevin Riley Publishing, Osaka, Japan


      {{ DiscussionBoard.errors[72194].message }}
      • Profile picture of the author Steven Wagenheim
        Originally Posted by Kevin Riley View Post

        At least he has the colourful ones. Sutton has those horrible old one piece long johns with the flap in the back. Since he's getting kinda senile and often forgets to close that flap, you don't want to see him running around in his underwear. (Where is that little barfy emoticon from Skype when you need it?)
        You two absolutely crack me up.

        The truth is, I am Superman's long lost son from a secret affair he had with
        Harlie Quinn.

        I'm still trying to figure out how she got to him all the way from Gothem City.
        {{ DiscussionBoard.errors[72199].message }}
        • Profile picture of the author Janet Sawyer
          Originally Posted by Steven Wagenheim View Post

          You two absolutely crack me up.

          The truth is, I am Superman's long lost son from a secret affair he had with
          Harlie Quinn.

          I'm still trying to figure out how she got to him all the way from Gothem City.
          Now, Steve, here lies the secret..... " a carrier bag" she had gone to Gothem City on a shopping spree.

          She was actually looking for some designer underwear for Chris, and some heavy duty razor blades for Kevin.

          She.... failed,
          She couldn't find designer underwear for "old farts" only for new farts.
          and heavy duty razor blades ! for Kevin? His beard ........ well!
          She just couldn't do it.

          She obviously had to come home with something.



          you all know the way to the ot forum now don't ya?
          {{ DiscussionBoard.errors[72248].message }}
  • Profile picture of the author braver55b
    Great post, I guess you could say its a form of branding, you've made some posts over the years giving solid information, so when your name pops up, you've already built trust and so people look forward to what you have to say and trust your opinions and buy your stuff.
    {{ DiscussionBoard.errors[72281].message }}
    • Profile picture of the author Neil S
      Hey Steve thanks for putting things in perspective for us. Even with a little bit of success people think they can start to coast. But the key is to keep your eye on the prize and don't fall into stagnation.
      {{ DiscussionBoard.errors[72496].message }}
  • Profile picture of the author lakshaybehl
    Congrats Steven...

    I have this very special feeling... The one of exponential happiness and growth, And that is what you probably mean when you talk about 5 more years of work.

    hard work pays off... And IM dream of retirement is soon catching up.

    Originally Posted by Steven Wagenheim View Post

    That's right. NOTHING.

    I woke up, checked my email and then started helping my daughter get ready
    to go to college for the fall semester. Drove her there, helped her move in,
    found out she forget stuff, came back, went back, went to dinner, dropped
    her off, came home, played my guitar.

    The only thing I did today was answer a bunch of posts and PMs here at
    the forum.

    I did NO real work.

    And I made $226.39 as of 9:06.

    Now don't get me wrong, his is a lousy day for me as last month I
    averaged well over $400 a day.

    So how did I make $226.39 today doing nothing?

    Easy.

    I worked my butt off for 5 plus years. I made a name for myself. I put my
    wheels into motion and kept at it until I saw that one day I could coast
    on the work I've done and still make a little better than half of what I
    would make on a day where I busted my butt some more.

    And don't forget, today was Labor Day. Lotta folks were nowhere near
    their PCs.

    And I still made $226.39.

    If I made that crappy amount everyday this month, I'd still make close to
    $7,000 for the month. That's right. I could probably sit on my butt for the
    rest of my life and make over 80K a year.

    Wonder how much I'll be making on autopilot after 5 more years of busting
    my butt.

    Here's my point.

    Don't just look at what you're earning right now as you build your business.
    Look down the road at what you could be making if you just consistently
    put the time in each day for a few years.

    Showing up is half the battle.
    {{ DiscussionBoard.errors[72511].message }}
    • Profile picture of the author Steven Wagenheim
      Originally Posted by lakshaybehl View Post

      Congrats Steven...

      I have this very special feeling... The one of exponential happiness and growth, And that is what you probably mean when you talk about 5 more years of work.

      hard work pays off... And IM dream of retirement is soon catching up.
      Well, I certainly hope so. But even if not, I enjoy what I do so it's no big
      deal. Besides, if I retired, what would I do? I'd probably go crazy, plus, I'd
      miss all my friends here. So I don't think I'll be going anywhere any time soon.
      {{ DiscussionBoard.errors[72925].message }}
      • Profile picture of the author ecoverartist
        Hi Steve,

        Way to go! What would you say was the most helpful thing you did for your business during those 5+ years? Any particular method or technique that you would do again? Anything you found a waste of time?

        I'm trying to learn from the masters
        {{ DiscussionBoard.errors[72963].message }}
        • Profile picture of the author Steven Wagenheim
          Originally Posted by ecoverartist View Post

          Hi Steve,

          Way to go! What would you say was the most helpful thing you did for your business during those 5+ years? Any particular method or technique that you would do again? Anything you found a waste of time?

          I'm trying to learn from the masters
          Sherice...I posted this back in the old forum for my 4000th post. It is now
          deleted so I will post it again here.

          I think it will help you and a lot of people.
          ************************************************** **
          Since this is my 4000th post, I wanted to make this one to remember. It
          isn't easy to do with all the great posts and knowledgeable people here,
          so I hope this one is at least passable.

          I sat down one day and asked myself, "What are the most important things
          to remember when running your business?" I started to immediately think of
          all these things. I had a nice list of 25 of them.

          But then I asked myself, "Which is the MOST important?"

          Wow! That's when things got HARD.

          I looked at my list of 25 things and let me tell you, it took me hours to
          put these in order from 25 to 1.

          I don't expect everybody to agree with the order of this list. Honestly, I
          think there is very little distance between 1 and 15. So many of these I
          feel are so important. But, while you may not agree with the order, I think
          you will agree that most of this list is very important to successfully
          running a home based business.

          For those of you who are new to this, please try to keep these in mind. If
          you do, I think it will help you greatly.

          25. Developing A Positive Attitude - It is so easy to get discouraged in
          this business. So many people expect to start their business on January 1
          and be in profit by January 5. Oh how I wish it was that easy. But building
          a business takes time and it is so easy to start to think negatively.
          Therefore, it is imperative to have a positive attitude about your business
          each day, no matter how hard it gets. Negativity just breeds more of it.

          24. Making Friendships - There is no secret that it's not always what you
          know but who you know. Yes, you can make it on your own, which is why I
          don't have this one up higher on the list, but if you make friendships,
          and you do this by offering of yourself to people with no strings attached,
          you will begin to see that people will be more willing to work with you.
          This will help you succeed that much faster.

          23. Developing Tech Skills - While this is not a requirement, it will
          definitely make your life easier, at least until you can afford to
          outsource some things. Of course if you make friendships, you might be able
          to outsource in exchange for some skills that you DO have. But you will
          ultimately need to develop some skills. Having to depend on people for
          everything technical is going to put a terrible strain on your pocketbook.

          22. Product Creation - You're probably surprised that this isn't up
          higher. While having your own product certainly gives you certain
          advantages, it is not a requirement to have your own product to run a
          successful business. Many affiliate marketers do very well. But I feel that
          to get to the next level, product creation is the way to go.

          21. Record Keeping - So many people spend so much time running their
          business from the standpoint of just "making sales" that they don't
          bother keeping accurate records for tax purposes and paying affiliates. Let
          me tell you, not keeping records can land you in a boat load of trouble in
          so many ways that you don't even want to know. Please keep accurate
          records, not just of expenses and income but of all correspondence or
          anything that has to do with running your business that you're going to
          want to remember.

          20. Observing Trends - If you don't know what's going on around you, you
          can't run an effective business. If one form of promotion stops working
          because Google decided that they're going to slap it silly (take the
          recent problems with Squidoo) and you're not aware of this, you're going
          to be spending time on something that could be spent doing something else
          more profitable. You MUST know what's going on around you.

          19. Branding Yourself - So many people when they start their business,
          especially if they're getting into affiliate marketing, don't take the
          time to really create an identity for themselves. I did this from the very
          beginning by branding myself as the "no nonsense marketer", somebody who
          would tell it like it is no matter how many feathers I ruffled. And believe
          me, I ruffled quite a few. If you don't stand out, nobody is going to
          remember who you are.

          18. Attention To Detail - This may be one of the most difficult things for
          people to do. It's hard enough to get a handle on the big picture, but
          sometimes it's the details that screw up our business. For example,
          putting up a sales page with glaring errors on it, or putting together an
          autoresponder series with missing links in some of the emails. There is
          just so much that can go wrong because of the little details, which is why
          it is critical to make sure each T is crossed and each I is dotted.

          17. Focus - This is another big problem for new marketers. They start on
          one project or "business" and then get sidetracked by something else. I
          see a whole bunch of people laughing right now because they know how true
          this is. Yeah, I know. I used to be that way so I am speaking from
          experience. I can't stress this enough. Focus on ONE thing, complete it
          and then MOVE ON.

          16. Establishing Credibility - The Internet has gotten to the point where
          nobody believes anything anymore. So it is critical to establish as much
          credibility for yourself as you can. This is easier said than done, I
          admit, especially when first starting. But there are ways to do this. When
          first starting out, if you're promoting your own product, give it out free
          to some people and let them try it. Let them see the value in it. If they
          do, most likely they'll provide you with testimonials that will help
          towards building your credibility. It won't happen overnight, but it's
          something you should be working on everyday because the more credibility
          you have the easier it's going to be for you to make sales.

          15. Dedication - So many treat running a home business like a hobby.
          There's nothing wrong with doing this if you want to get a hobby income.
          But if you're serious about making big money then you have to be dedicated
          to your business. This means putting it above watching the TV or going to
          the movies or whatever other pleasures you might rather be engaged in. At
          least in the beginning, until you can outsource your whole business, if you
          ever get that big, you need to be totally dedicated to running your
          business.

          14. Legal Protection - With lawsuits flying all over the place these days,
          make sure you're legally protected with everything you do. That means
          protecting your products, insuring against liability and so on. There is a
          reason why these sites all have tons of disclaimers. It's so they don't
          get their butts sued. So find a lawyer and make sure you're as well
          protected as possible.

          13. Getting Customer Feedback - You can't run your business in a vacuum.
          If you don't know what your customers and potential customers think of
          your sales page, product, web site or whatever, how will you know what to
          fix? You'll be doing nothing but guessing and guessing is a dangerous way
          to run a business. Every bit of feedback you get is a little bit more
          information that you'll have to correct any problems. If 90% of your
          customers in a survey say that your software is too hard to understand,
          then some restructuring of the interface is probably in order.

          12. Market Research - This is a must if you're going to sell your own
          products. The first thing you better do is find out if there is any demand
          for what you want to make BEFORE you make it. This point needs no further
          elaboration. If you don't know what the market wants you can't
          confidently sell a product that has a better than average chance of
          selling.

          11. Understanding Buyer Psychology - Just recently I made a post of 10
          reasons people buy things. Let me tell you, if you don't understand buyer
          psychology you can't write effective ads because you won't know what
          buttons to push. You can't create sellable products because you won't
          know why people buy things and what makes them buy those things. If you
          can't get into your customer's head, you can't make the connection with
          the customer. If a connection isn't made, no sale will result.

          AND NOW THE TOP 10

          10. Establishing A Routine - A lot of you may be surprised that this one is
          up there so high. Let me tell you something. If you don't get up in the
          morning and know exactly what you're going to do from the time you start
          to the time you call it a night, there is a very good chance that nothing,
          or very little, will get done. We are creatures of habit, but first we have
          to get into a habit. Establishing a routine leads to increased
          productivity, which in turn leads to our business becoming profitable
          sooner.

          9. Backing Up Your Work - Ever have a computer crash? Ever have one with no
          backup? I rest my case. If you don't back up your work you are looking for
          more trouble than you can possibly imagine. Or maybe losing 2 years of work
          is okay with you. Backup and do it often.

          8. Time Management - This ties in closely with establishing a routine but I
          feel it is more important for this reason. You can establish a routine but
          it can still be a pretty bad one because you're spending too much time on
          things that aren't productive. Time management, which involves making a
          list of all the things you have to do and then designating how much time to
          spend on each thing, based on priority, will make more efficient use of
          your day. Sure, you can allocate X number of hours to doing something that
          is a waste of time if you don't know it is, but that's taken care of by
          something higher up on the list. Point is, you MUST manage your time or
          before you know it, your day is over and you didn't get the critical
          things accomplished.

          7. Testing And Tracking - You put 20 ads out on the Internet and make a few
          sales. Problem is, you have no idea which ad brought in the sale. So how do
          you know which ad to kill and which ad to keep running? You don't. Testing
          and tracking, with so many variables to running a business, is so important
          that I can't stress it enough. This applies to ads, sales pages, or
          anything where you are deciding between using X or Y. leave this out at
          your own risk.

          6. Developing Communication Skills - Oh brother. This is such an important
          item that I can go on about this for an hour. Communication involves so
          many things, including ad writing, email communication with potential
          buyers, autoresponder messages, sales copy for sales pages. All of this,
          and a lot more is communication. If you can't effectively communicate with
          your customers and potential customers, you're not going to get any
          customers. That's all there is to it. The person who writes an email ad
          that consists of "Hey, check out this web site" is not going to make tons
          of sales. So learning how to communicate is a must. There is no way to run
          a successful business without this skill.

          5. Education - If you don't know what you're doing, you can't run a
          business. This one little thread is part of your education, and it is just
          a miniscule fragment of that education. There is no such thing as a natural
          salesman. Even if you have the gift of gab and can write, you still have to
          learn how to do market research, how to track ads, how to test and so on.
          There is so much to learn it's mind boggling. So education is another one
          of those things that are a must if you're going to run a successful
          business.

          4. Advertising - I have said it 100 times and I'll say it 100 times more.
          I don't care how great your web site is, if you do not learn effective
          advertising techniques and USE THEM, you are not going to get people to
          your site. That's all there is to it. That's why I say advertising it 90%
          of this business. Sure, if you have a crap product you're probably going
          to get a lot of refunds even if you make a lot of sales, but even with a
          crap product and great advertising, you CAN make money. With a great
          product and NO advertising, you can't.

          3. Planning - I learned this late in my IM career and I'm sorry I did. If
          I'd learned it sooner, I would have become successful a lot sooner. You
          can't just say, I want to make money online. You MUST have a plan. You
          have to sit down and decide what you're going to do and in what time
          frame. Everything for your business MUST be planned out in advance IF you
          want to take the most direct route to success. Sure, you can wing it and
          maybe eventually get there, but after having done that, I can honestly say,
          it was the BIGGEST mistake I ever made. Plan, plan, plan.

          2. Honesty - Surprised? I know a lot of people will be. But my reasoning is
          simple. If you lie to people ultimately you will be found out and your
          reputation, your credibility, everything you worked so hard to do, to
          learn, everything that I've listed before this, will all be for nothing.
          Dishonesty is the one thing that can totally destroy your business. So
          you're probably wondering why it's not number 1. Well, I had a tough time
          with this because number 1 is just as important, with all the honesty in
          the world, if you don't do it, you're equally as dead.

          1. Customer Service - If you don't take care of your customers, and I'm
          talking about on a wide scale, you will be out of business before you know
          it because word will get out. I'm not talking about the occasional pain in
          the butt customer who you probably don't want to deal with. I'm talking
          about something like this. You launch a product, something goes wrong with
          the download process and you've made 500 sales at launch. You also have
          500 emails from people saying that they couldn't download your product.
          Well, you have 2 choices. You can do whatever needs to be done to take care
          of these people while you fix the download problem or you can take your
          good sweet time about it and maybe get it straightened out in a week or so.
          What do you think is going to happen if you choose the latter? Think word
          won't spread around the Internet like wildfire that you had a launch with
          a problem and it took you a week to get people their product? Think this
          won't seriously damage your reputation? Think people will buy your next
          product?

          And this is just one example. Customer service is an ongoing process.

          Bottom line: If you want to run a successful business for the long haul,
          you MUST take care of your customers. This means being courteous, helpful,
          punctual and whatever else you can think of that you'd want somebody else
          to do for you.

          In other words...

          Treat your customers the way you'd want them to treat you.

          I hope this 4000th post has been of some benefit to you. I wish I had this
          list when I first began. Maybe by having it now, I can save a few people
          from making a lot of the mistakes that I made.

          Now get out there and start running your business.
          {{ DiscussionBoard.errors[72975].message }}
          • Profile picture of the author BuddyT
            Banned
            [DELETED]
            {{ DiscussionBoard.errors[73032].message }}
            • Profile picture of the author leekhinc
              Thank you Steve for the good tips.

              It really takes alot of hard work to be successful online.

              With that said, I will definitely work harder to achieve my dream of "getting paid doing nothing" one day
              {{ DiscussionBoard.errors[73245].message }}
              • Profile picture of the author Frank Bruno
                Theres abosultely nothing like autopilot cash. Thats what makes Internet marketing so attractive and why so mnay people persue the dream.

                Some people don't think its possible, until they get a taste of autopilot income that can support them and their families and have a healthy amount left over to "play" around with.

                Good for you Steve!

                Frank Bruno
                {{ DiscussionBoard.errors[73327].message }}
            • Profile picture of the author Steven Wagenheim
              Originally Posted by BuddyT View Post

              Gotham City? You have all that time Steve, and no comic book research? Everyone knows Superman lives in Metropolis not Gotham City! And Riley looks like Eddie Rabbit to me.

              I'm working on #25 again since this is day 20 w/o a sale (still thinking Click bank fraud...have an email to them). Oh but I did have a refund %^(.

              Thanks for this post.
              Yes, I know Superman lives in Metropolis. But there have been many
              Batman/Superman crossover cartoons, if you recall your Saturday mornings.

              And Riley looks nothing like Eddie Rabbit. Maybe Jessica Rabbit, but not
              Eddie Rabbit
              {{ DiscussionBoard.errors[73709].message }}
              • Profile picture of the author Sandor Verebi
                Hi Steven,

                That is the alpha and omega for business building, which you expounded in your 400. post. At least for them who take the IM business or any other business seriously.

                Take care,

                Sandor
                Signature

                {{ DiscussionBoard.errors[73955].message }}
  • Profile picture of the author Gunter Eibl
    I worked my butt off for 5 plus years
    That always works! If there is an easier way then let me know

    Gunter
    {{ DiscussionBoard.errors[73426].message }}
  • Profile picture of the author LegitIncomes
    What a powerful post Steven!

    There are so many people that just sit back and do nothing.
    Not because they don't know how to, but because they think it's too much work, too hard for them, they could never do it, nope not them.

    Of course it's hard work, but keep everything in perspective. Lots of people work 40+ hours a week, for 40+ years and have a lot less recurring income!

    I'll take working my butt off for 5 years.
    Signature
    100% Unique Sales Page Website +100% Unique Internet Marketing Product
    + Support! All of this, just $397! (PM Me For Details!)
    {{ DiscussionBoard.errors[73982].message }}
  • Profile picture of the author Dick Doe
    Isn’t that the beauty of IM Steven? Flexibilty+Automated Income

    If I work my a** off for four days and take the three days off, it won’t really hurt my business. This is something which is not possible with your day job.

    Plus, with IM you build the business once and make money from it for years to come!
    {{ DiscussionBoard.errors[74217].message }}
    • Profile picture of the author erday
      Thanks Steven, I needed to read this post! I think I'll go read it again.
      {{ DiscussionBoard.errors[74277].message }}
      • Profile picture of the author Noah Fleming
        Way to go Steven.
        The hard work definitely pays off.
        {{ DiscussionBoard.errors[74332].message }}
  • Profile picture of the author Janet Sawyer
    Originally Posted by Steven Wagenheim View Post

    That's right. NOTHING.

    I woke up, checked my email and then started helping my daughter get ready to go to college for the fall semester. Drove her there, helped her move in, found out she forget stuff, came back, went back, went to dinner, dropped her off, came home, played my guitar.

    The only thing I did today was answer a bunch of posts and PMs here at
    the forum.

    I did NO real work.

    And I made $226.39 as of 9:06.

    Now don't get me wrong, his is a lousy day for me as last month I
    averaged well over $400 a day.

    So how did I make $226.39 today doing nothing?

    Easy.

    I worked my butt off for 5 plus years. I made a name for myself. I put my
    wheels into motion and kept at it until I saw that one day I could coast
    on the work I've done and still make a little better than half of what I
    would make on a day where I busted my butt some more.

    And don't forget, today was Labor Day. Lotta folks were nowhere near
    their PCs.

    And I still made $226.39.

    If I made that crappy amount everyday this month, I'd still make close to
    $7,000 for the month. That's right. I could probably sit on my butt for the
    rest of my life and make over 80K a year.

    Wonder how much I'll be making on autopilot after 5 more years of busting
    my butt.

    Here's my point.

    Don't just look at what you're earning right now as you build your business.
    Look down the road at what you could be making if you just consistently
    put the time in each day for a few years.

    Showing up is half the battle.

    And
    ........

    How many typos are there in this original post, when Steven was doing nothing?

    It seriously doesn't matter! He got his point accross, and those of us who have been working to finite details should learn from this.
    I'm as guilty of this as the next man/woman...... too much attention to detail strangles your time and your energy! - Thanks Steven.

    He works hard, gets his message accross and carries on regardless.
    Hopefully, he's having some fun at the same time.

    Just an observation.
    {{ DiscussionBoard.errors[74609].message }}
Avatar of Unregistered

Trending Topics