I feel stuck, what do I do wrong?

Hey, first of all congratulations on your success!

Have you read the book "Rich Dad, Poor Dad Cash Flow Quadrant" ?

At the moment, it sounds as though you are in the "S (Self Employed)" quadrant but would like to go to the "B (Business)" quadrant.

Maybe outsourcing the management of the smaller websites and focusing on the physics site or develop another site could be an option.

I'm fairly new but this would be the path I will take if I wanted to automate my business and stress less. Of course the profits won't be as much because of the staff's pay but at least now you can focus on the big project and stress less.

I would suggest that you learn how to scale down and focus on those few that you are really attached to...

I am in the same situation as you... "suffering" from the thrill and excitement of creating and running multiple sites and seeing that I can really earn money from each of these sites... but I have failed to realize that because of this attachment to these sites... it's also draining me as well (of my time, effort, focus)... especially when I have set some form of expectations for each of these sites, so if one does not do well (because of competition or google updates), I will tend to focus on that particular one and ignore the rest... and when I feel that I am ready to focus on the rest... some other situation for other sites will appear and take that focus away...

By the time I really get to settle down... I realize that most of the sites are neglected and the momentum (e.g. getting eyeballs, engaging readers) is broken as well and I have to start from square one - which is even more tiring!

After two years of doing this, it is only the last few months ago that I realized what I am doing wrong... I made the decision to tone down on managing those many sites down to those few that I can really focus on and it's really painful to give up on those sites that you have spent a lot of effort on... and I can say that that decision made is worthwhile!

Instead of making "small" money from multiple sites... you can focus on scaling up your efforts in bringing up the current earnings from those few sites that you really like and I can say that the multiplying effect will definitely outweigh... and you will feel happier as well!

There are businesses out there where you don't have to do much work after you set things up.

I do online lead generation for financial products and after you make a site and set up the PPC campaigns, there is not a lot of maintenance work to do: it's the closest to a passive income that I have come across yet online.

Just shoot me a message if you want more info.

If you don't mind me asking what is your Psychic site, if your allowed to say, I develop in this, sounds interesting. I am no expert in trying to run buisnesess, but can understand how life busy life can be. I am a full time care worker, training in hypnotherapy, NLP and Life coaching, and studying and developing in internet marketing.

Maybe if your doing so well, you could afford to hire someone, to take some of the pressure off? It's amazing you are doing so well

Best wishes

Sarah Lee

I can see that you already have a PLAN - to reach $10,000 a month. This is a good thing, as someone said (and said it right; those who fail to plan, plan to fail.)

Now the second step is to think on how you can achieve it. Here, you have 2 options:

1. To concentrate on your existing websites and drive more traffic and sales. Do a thorough research on the opportunities you can squeeze from your existing websites.

2. To launch a new venture. This will surely take more time and effort for you to develop as you will need to build it from scratch. But in the long run may prove to be a very profitable stream if you do it the right way (the way you have been doing it).

Anyways, I wish you best of luck to achieve your goal.

Consider outsourcing the support for the secondary website of the technology products. Or offer support for additional costs.

As someone who works in markets and finance for a living.. this makes no sense. If you have too many clients, up the price until you have the right number! The market decides what is affordable or not, it isn't your decision.

First off, great job on the success that you have already managed to achieve.

Most Warriors struggle to make even $1.

So great job.

As to your question:

In order to make passive income you will HAVE to begin selling your own product.

So what you must do is find a niche that you are knowledgable in and have a passion for, try and locate a NEED that is NOT being met, offer your niche and site visitors the solution (and TONS of value), and profit $$$.

Can't you sit down with someone and actually train them to help you?

S.

Also, I did write an ebook on how to load your business with service clients, mainly for those who are in coaching. If someone is interested, PM me and I'll send you a free copy. It is not on the market yet, I may put it for sale when motivation strikes.

There are basically 4 parts to the solution to your problem, any one on their own if done well could work but considering all 4 is pretty important.

1. To make more money it helps to understand what goes into that money. Let's start with your $125/hr. figure, to make $10 000/mo. (I know you're looking for something passive, more on that later) that's only 80 hours per month (less than half time). Recognizing that you want to reach your goal are you willing to put the energy into getting there, meaning there will be a transition to reach that threshold. How different would your life be if you worked 80 years per month and made $10k/mo.? My guess is probably better than it is now, and that would position you much better to make the income passive ($3k/mo. isn't much and it's tough to afford proper growth with those limited resources, in all likelihood the $3k/mo. is consumed by your living expenses so you aren't really getting ahead). So the question is if that's a reasonable interim step, what might it take to reach that point, to have that volume of business? How many leads would that take, etc.? Are you clear on that process? Could you actually make that happen based on where you are now? Here's the thing building that base of business is going to allow you to do a lot more down the road and that will be key

2. "You don't get big doing small deals", you need some ways to take what you're doing and scale it up. For example, say with the psychic stuff (I'm completely ignorant about what you do at present so please take this as an example) say you currently offer personal psychic readings, you could instead offer group classes either on how to do what you do, or group readings, etc. The idea here is leverage, if you can have 10 people each paying half as much as they pay now all in a session together you're making 5 times as much as you are now for more or less the same time commitment. Look at big time psychics to see examples of this, they grow by going from personal readings to doing events where they are on stage in front of large audiences doing their work. There are basically 4 ways you can scale: charge more to a higher end clientele; hire people under you to do what you do (more on this later); expose yourself to more people at once; develop assets that you can build once and profit from over and over again (such as products, though frankly I think you'll find the products do better when coupled with some live stuff as well so the live feeds into the products and drives sales)

3. Learning to delegate. You mentioned not being able to delegate and outsource, I'm skeptical about this, I suspect it's how you're doing it not the concept of doing it. Here's the reality of passive income, to make money something has to get done and if you want to make the money without doing it then you have to find someone else to do it. In my experience true passive income basically doesn't exist, what does exist is low maintenance income. So some basics of delegating. First, maybe you're trying to delegate the wrong things. For example, instead of trying to delegate the actual work of providing support for $125/hr. perhaps you should delegate the work of generating that business in the first place? Something else, I can guarantee within that $125/hr. of service there are rules and exceptions, meaning some of the process will be easier to delegate than others, a simple example of how to deal with this is to create an FAQ, come up with the 10 most common concerns that need to be addressed and offload the front end easy stuff, you don't necessarily need to offload it all. This will reduce your burden without needing to involve massive skill, generally it's 80% repetition that's easy to deal with and 20% stuff that requires real knowledge. I don't know the specifics of your situation but I imagine there's a way you could break it down to manage less than you are now. Third, often who you're delegating to is more the problem than what you're delegating. Here's an example that might or might not be applicable to you. Say you offer some sort of psychic service that requires a decent amount of skill and training, it might be impractical to hire a complete novice to do this work, but I bet there are a ton of experts out there who don't know how to generate the business and would love it. You can go to some of those people, many of whom are probably better than you in the particular field and joint venture with them on it. The same applies in all fields, you can find people who have the technical skills but not the marketing savvy and they'll be happy for the effortless business, just make sure you retain ownership of the business. Last point on delegating you talked about people dropping out when they realized how much work it is. This is where having more income can solve that problem. You pay someone to learn, $5, $10, $20/hr. to learn the process, plenty of people are interested in the money and aren't so concerned about what they are doing for it so if you hand hold them through the process of learning, require they be tested, do assignments, etc. so long as they are being paid for it they'll stick with it and go through the process and you get to make more money off them at the back end because they weren't committing the sacrifice at the front end.

4. You need to build and leverage assets, these can include many things such as: lists, email campaigns, products, landing pages, sales pages, etc. essentially they are anything you can build once and reuse or resell over and over again. You need to take as much of your process as possible and turn it into reuseable assets, then find ways to reuse them as many times as possible to increase their value as much as possible (for example by driving more traffic, getting more out of the same traffic, etc.) The real secret to building serious wealth is owning assets and leveraging them against one another to increase their value. Simple example, say you've got a list of 1000 people and 1 product, your list is worth x. But if you have that same list of 1000 people and 3 applicable products then your list becomes worth 3x because you can get more out of each one of them. Likewise if you've got 1 product and 1000 people on the list the product is worth x. But if you've got 2000 people on the list your product is worth 2x. Now combine those two principles so you've got 2000 people and 3 products the value is now 6x. That's what you really need to focus on to create the maximum results.

Hope that helps, it's a little general but hopefully still useful.