Do You Have What It Takes?

Do you have what it takes to build a profitable online business? Well, let me drop some uncomfortable truths here right now.

strategyStick with one strategy

You have to get your head out of your ass and realize that you can only work on one strategy at a time.

When I first started, I had 3 different blogs, I was trying to learn Facebook ads, how to use advanced tracking software and more.

Bear in mind this was before I even made a single sale as an affiliate. I was an idiot.

Do not replicate my mistakes!

Focus on one website and one strategy. Do NOT split your time into 3 or 4 or even 5 different places as you are literally slashing your progress 5-fold!

I can more or less guarantee, that most of you reading this have 2 or 3 websites and multiple training modules you are trying to use or learn at the same time.

Has it got you any results so far? No, and this is because you are splitting your time, energy, passion and enthusiasm into 4 different places.

So, if you want to see results and succeed, you must stick to ONE project at a time and give it at least 6 months of hard work before you think about quitting.

do not chase moneyDon’t chase the money

If you start your next project with “when will I make my first $100 per day” you have the wrong attitude. But, do not feel bad, because I had the same thoughts when I first started. There are all sorts of things you can do to make more money. You can focus on SEO, find out what is CRO, conduct market research, funnel investment into PPC advertising. But you need to focus on the campaigns themselves rather than the money that will result from them.

The problem is this. Chasing the money will get you nowhere because you will not have the patience to follow through with the project because guess what, the money will NOT come quickly.

Also, if you are thinking about the money then you are missing the point. The goal you should have is to provide value to your followers. Deliver value and help solve their queries, then the money comes.

If you try and chase the money, you will shoot yourself in the foot.

Think long term.

You have to stop thinking about how you can make money this month, or “how can I pay rent this month”. If that is your concern, then your focus is not on developing your business or giving value because you are thinking short term.

You need to think 6 months or a year ahead and complete micro-tasks along the way to achieve your goals.

Creating a collection of good content, which brings in a recurring and consistent income takes time. You have to make one video or post at a time, one day at a time.

If you are here thinking “I need to make $100 p/day within the next 30 days” then you need to change your mindset.

The recurring “easy money” comes later once you have worked your ass off and done the groundwork.

stop blaming othersStop bitching and blaming others

You need to grow a pair of balls and take ownership of your actions (pardon the coarse language). If you buy a $10 product and expect that training to make you rich, you need to rethink that and look in the mirror and wake the hell up.

You get what you pay for in this business. Use your common sense and realize one thing. Success takes years of hard work and continuous battle with failure, persistence, procrastination, and self-doubt.

The minute you own up to your failures and see them as a learning curve instead of blaming others, you start winning.

If you are naive enough to buy a $10 product or even a $200 product and think that training is going to make you rich, you have another thing coming.

Even with a $1000 coaching, you have to sit down and do the work, no one is going to do it for you.

I spent money on networking, courses, software and tools that my business needs because I take my business seriously. I am investing in myself.

I fully understand that most people do not have that kind of money but, guys, guess what? I had to change my mindset, just as I am trying to explain to you in this post.

accept that you will failAccept you will fail and fail again

One thing you have to understand is that success takes failure. Newbies have this misconception that successful entrepreneurs simply set up a simple email campaign, send some emails and make money.

Yes, this does happen, but you have to understand that a lot of the projects or methods we try will fail because failure is a huge part of what we do.

I have failed SO many times. Email campaigns failed, blogs failed, YouTube videos which did not rank, articles which do not rank, social media posts which got zero likes, and so on.

Most of the things I try, do not get the results I want, but that is the journey!

The difference is this. When I fail, I get annoyed for sure, but I sit back, re-evaluate and try again, then I fail again.

Newbies will throw their arms in the air and start blaming the strategy, or their coach and anything else they can think of, without realizing that failure is part of what we do.

So, deal with it. Accept failure and move on.

Stop chasing the money

Therefore, your goal should be to focus on improving your business, which will eventually generate more income. For instance, you can start by identifying how you can send money to Vietnam online to your suppliers or remote contractors. This way, you will cut payroll costs and plow back the profits to your business.   

[avatar user=”mike” size=”thumbnail” align=”” link=”file”]Mike Gaudreau is the owner of The Wealthy Boomers, a site devoted to helping seniors make money online. Mike resides in Montreal Canada.[/avatar]

You should assume the owner of this website has an affiliate relationship and/or another material connection, to any suppliers of goods and services that may be discussed here and may be compensated for showing advertisements or recommending products or services or linking to the supplier’s website.

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