The Future Of Business – Making Money Slow. What do I mean by this, keep it simple. Most who tackle the online world of making money think in terms of getting rich quick, I would suggest you make money slow. Also, make your money goals achievable, trying to make a million in year one is not realistic. The future of business is about building, it takes time to build something bigger than yourself, start small and start building with the end in mind.
I get asked all the time, how do I make money online? In many ways, it’s not much different than offline, solve a problem, fill a need, provide awesome service, and be honest. Building trust offline is easier than building it online, mostly because it’s easier to hide.
When I started making money online (2007) I started with something I was interested in, something I could manage alone, and knew people need my service. I started with a private webhosting company, I serve clients and friends, it’s grown away from that model, but it’s still a size I can manage on my own. But I started with one question…do you know what it might be?
I asked myself how much I wanted to make per year from my webhosting, just using simple math, I did this:
$30,000 ÷ 365 days per year = $82.19 per day
That number is not only reasonable but achievable, that’s 7 days per week. Keep in mind, this is online hours not traditional business hours. You may have loftier goals, but I felt starting with something achievable was a better goal. It wasn’t about how fast or much, it was a building block, and then I would add another building block.
If you only want to work Monday – Friday, break the math out again:
$30,000 ÷ 312 days per year = $96.15 per day
It takes time and persistence, most people don’t want to wait, making money slow is better for a couple reasons. One, it’s easy to manage, and number two, it pays for itself rather than taking money from your household budget. In other words, I didn’t use my own money, the clients covered costs out of the gate. I still build business that way today.
I share this with you for one reason only, to help you stop making ridiculous goals. Don’t worry, if you stay the course and make money slow, your bigger dream and goals will most likely take care of themselves. It still comes down to simple math, providing incredible service, having a product or service people need, and then provide them with unbelievable support.
The old saying of “Keep It Simple” comes to mind, I once heard some say it differently, “Keep it simple, because simple is hard enough”. I hope this helps when you feel overwelmed, especially when you aren’t meeting your financial goals. This method may seem over simplified, but it works for me, it keeps me from getting out of balance, small moves are easier to overcome when they don’t work out, and sometimes that means investing smaller amounts of money. I always ask myself two questions before spending money or starting something new, what’s the worst thing that could happen, and could I survive it? If the answer is yes, I move forward, if it’s no, wait.
That to me is The Future Of Business – Making Money Slow.
You’ll notice I haven’t written lately, not because I don’t want to but because I have been spending time with people offline. I’ve learned in my 51+ years that you will never get or reach your dreams without others helping you long the way. That means spending time with those who have invested in you, they may have walked through dark times with you, they may have rode the storm out with you. I have been connecting and reconnecting with a few of those friends that I haven’t seen for some time.
I have also learned that it takes work to build relationships, it takes time too. Spending all your time online can get you disconnected with those who aren’t here with you, they don’t spend the same time or have the same interest in the online world. Try to connect offline too, I love seeing a pair of eyeballs and getting the body language, people are so special when they express themselves and you can see the passion let alone hear it. Sometimes, OK many times things get lost in translation because you can’t see or hear TEXT, too much room for bad interpretation.
Today I had lunch with a friend I haven’t seen in three years, we used to work together, I left the organization and got busy, too busy in fact that I forgot to stay connected offline too. I had a great time, it was not only special but energizing, I got to listen to what he wants to do and I got share what I have been doing here online with you. He is going to some great things, online too, and if I’m lucky I’ll get to be a part of his work.
Relationships are just as much hard work here online as they are offline, they take commitment, patience and love. Are you connecting offline, are you giving people the best you have to give that aren’t here online? Social Media is about relationships in much the same way as they are when you aren’t on FaceBook, Twitter and what have you. Balance is important.
Don’t forget to connect offline too!