GUESTBOX HERE

Senin, 15 Agustus 2011

Focus on the things that make you the most money

Let's get back to the basics.

I know that the WSO section is full of great methods and super-secret-ninja-monkey ways to beat your competition in SEO, generate thousands of dollars a day with CPA, etc.

But sometimes you just have to focus on the simple, basic stuff.

Like your Return on Investment (ROI).

What's yours?

I don't mean just with your money, but also your TIME.

How much money are you making with those IM activities you're doing?

For example, here's a list of a few things that someone might do during the 4 hours they're working on IM (maybe they have a day job):

Browsing forums: 1 hour
Writing articles for EZA: 1 hour
Writing articles for clients: 1 hour
Setting up PPC campaigns: 1 hour

Easy, right? Now let's talk about ROI- how much money they're making from these activities.

Browsing forums: $0 - $5/hour (only directly making money if they have a WSO or product reviews maybe in their sig)

Writing articles for EZA: $5-$10/hour

Writing articles for clients: $25/hour

PPC campaigns: $20/hour


So let's think about this....

You spent 2 hours of your day to earn what, $5-$15. That's an ROI of $2.5 to $7.5 per hour.

The second 2 hours of your day earned you $45, which comes out to $22.50 per hour.

So where should the majority of time be spent? (this isn't a trick question)...


The PPC and writing for clients, right?

Now that you're making $22.50 an hour with these activities, you can outsource the EZA article writing for like $5 an hour and still come out even or ahead.

Now, I understand that the or browsing other forums isn't just about making money. You come here to relax, build relationships, help other (like I'm doing now ), etc.

I'm not saying that you can't have the biggest ROI.

Ask the guys making 6 figures from the WSO section alone, and they'll tell you they have some HUGE ROI.

But the point of the post is this: Do what makes you the most money or relaxes you and outsource the rest.

Let's go back to economics class for a second.

Remember something called opportunity cost?

Basically it's the cost you pay for doing one thing instead of another.

So for example- if you make $5/hour submitting articles to EZA, but $25/hour writing for clients...

Every hour spent with EZA you are essentially losing $20 in revenue, because you would have made $25 writing for a client.

Now if you flip it- every hour that you spend writing for clients you come out WAY ahead, getting 500% the ROI of submitting to EZA.

Okay so I'm gonna end this post, but before I do I want you to do yourself a HUGE favor:

1) Make a list of the IM activities you do regularly
2) Determine the ROI of each(I know some things are tougher- like SEO- but if you aren't making money with it yet then you know your ROI...)
3) Focus on the things that make you the most money, and outsource the rest.

No industry giant got to where they were because they worked on the little things.

Neither will you!

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