A Six Figure Yearly Income Online Is Easy
It's not uncommon to have my members come up to me with their problems...
But it is common to hear that they are not making a six figure yearly income in their internet business as they would like. They tell me they can't figure it out. Usually I can spot the problem and tell them what's wrong.
Most of them have turned into what I call opportunity seekers. They usually have too many websites going at the same time and they're unable to spend any quality time focusing on any single business.
Why do most opportunity seekers not make much money and not achieve their financial goals?
It has to do with a common mistake they all make. They invest the bulk of their energies into too many interests and thus create too many sites. It's a scattergun approach that fragments their focus. When efforts are scattered, so will be dreams of building a six figure yearly income.
The Key To Long Term Success Is Focus
You need to stay focused if you want to succeed in your online business. Which means you start with one idea first, make it profitable, then move on to your next interest. Lots of people today are plagued with the get-rich-quick mentality. Likewise, almost all opportunity seekers have this mental virus.
It makes them hop around furiously seeking the next big idea, wishing that success will find them there finally. They are always the first to jump onto the next big thing. Always on the bandwagon from one month to the next.
First they will try focusing on affiliate marketing to earn a six figure yearly income. Before long they'll abandon it and next, scoot over to adsense publishing, etc.
Opportunity seekers are attracted to where the crowds go. If they see something is working fabulously well for others, they'll want a piece of it. Which explains their wanton behaviour of hopping around all over the place. There are no considerations taken for their own innate talents, abilities and real interests.
They are usually looking for ways and means to make some easy money. A pureblood entrepreneur does not think in such a manner. But only opportunists do. Opportunity seekers are always the shortcut seekers. Often out of their realms and out of their depths. Then they wonder why most things don't work for them.
Things do not work because you are not focusing. You must focus. You must want to think and act like an entrepreneur. Focus is one vital aspect you must possess to earn a six figure yearly income. For these newbies/ opportunists my advice to them is to shut down 29 of their sites. Focus only on one site, one that brings out your highest passion.
Then make the best of it. Fine tune it. Streamline your sales process. Make your system produce the success you are after. Only AFTER after this is achieved, are you allowed to move on creating your next site. Not before.
Building Wealth Vs. Building Depth Business
Do you have what I call a "building width business"? This is a horizontal business with sites spread out wide into many different range of niches such as hobby niches.
I have seen people who run horizontal businesses own up to 20 or more separate business ventures. However, I recommend having a vertical business instead. This vertical business has a depth structure, and encourages focus.
This means, if you do business in one particular niche, for example stock trading, then focus on selling products that are only related to that niche, nothing else. It means putting all your eggs in one basket, which creates a funnel effect. From this setup, you'll gather one highly targeted group of customers and you work to become a big fish in a small pond.
Doesn't matter if you have all your eggs in one place. You get to become an expert egg layer, so to speak. And you get to watch like a hawk on all your eggs, until they all hatch with predictable success.
Does this make more sense to you?
Then what's the problem with a horizontal business? It won't make you specialized.
If you try this route, you'll find it next to impossible to make a six figure yearly income. Your business will suffer because you have to give time to all of them, and not enough time to any of them. Even John Reese can't do it, why make you think you can.
When you have a vertical business, you have fine-tuned your business so well competitors have a hard time keeping up with you. People can't compete. You also build a strong client base with satisfied customers.
But when you get a vertical business up, you'd have structured it so well that competitors find it very difficult to a one-up on you. They cannot compete. You get to build a solid and loyal client base as a result.
How To Think Like An Entrepreneur
Thnking like an authentic entrepreneur is the key. You cannot be jumping on the bandwagon circus. Don't be a shortcut seeker when choosing your niche. An entrepreneur thinks and visualizes over long term. You'd need to have a one-year, five year and ten year visions. Seek out how you want your business to grow over the long term. Get a big picture vision.
On a personal level, ask yourself this question: What do I want to accomplish ultimately? Next, you decide whether or not your activities in your niche vertical business will take you there. This will stop you cold from jump around, in and out of various programs. You will be able to focus on one program, one site, and one great idea. This strong focus is what will take you into the six figures bracket. Not your knowledge, your skill sets, your experience, etc. You need only to singularly focus.
Time to sit down and reflect upon it.
Quit the opportunity bandwagon circus. Then you have far better chance not being suckered by unsuitable and false money making opportunities.
This is a far superior approach. Yes, it takes a lot of energy. But its worth it. In the long-term it's much less tiring than diversifying your business.
What I have advised above is a far superior approach. It takes true thinking and much energies to pull it off. But if it's your ultimate reward, then it's worth it. In the long term, this will be much less tiring to run compared to running a diversified business. You can count on that!
But once you became an expert in your niche or industry, diversifying can then be the next natural progression. Diversifying into another vertical business that is somehow related to making a six figure yearly income, would seem best.
Article Source: http://www.isnare.com/?aid=89008&ca=Business
