Comments on: The 4 Hour Work Week Gone Wrong http://www.madimmarketing.com/internet-marketing/the-4-hour-work-week-gone-wrong/ The gathering place of mad Internet marketers Fri, 10 Feb 2012 09:26:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michael Erik http://www.madimmarketing.com/internet-marketing/the-4-hour-work-week-gone-wrong/#comment-10728 Michael Erik Sun, 21 Feb 2010 23:04:53 +0000 http://www.madimmarketing.com/?p=718#comment-10728 I have phased out my income on autopilot idea and I must say that the up front stuff to get everything going takes - absolutely correct - FULL TIME effort. However, once you get it going, and you pass the phase of massively marketing, promoting and optimizing so you get a certain level of income, then the goal is to find the biggest items of value to outsource for time/effort vs payoff. Your work should reduce to 1-2 hours per day and if you discipline yourself, 5 days a week once you get out of phase 1 f building and automating as much as possible. So in essence 5-10 hours a week as a goal for say, phase 2. If, in the future you can't do this, then focus on the FT job instead. It also depends on the niche. Some niches have a ceiling that simply do not allow you to earn above no matter if you put in an extra 1000 hours. As with any biz, finding a good niche that has the level of income possibility and then finding the RELIABLE people to do your task-based stuff, is the key. Also, patience and persistence - keep trying - and use your time wisely - and trust me I feel the pain and frustration, been there! Determine how long with idea #1 before you say, ok, either idea #2 is next, or I'm done. Just do your homework! I put considerable amount of time into my eBook "How to find a Money Making Niche" to help others do that, BEFORE they commit because they must make absolutely certain that they have allowed the 3 things to intersect - income potential/opportunity with interest with skill/ability - I call it basically the online success triangle - without all 3, the online biz model triangle collapses! I have phased out my income on autopilot idea and I must say that the up front stuff to get everything going takes – absolutely correct – FULL TIME effort. However, once you get it going, and you pass the phase of massively marketing, promoting and optimizing so you get a certain level of income, then the goal is to find the biggest items of value to outsource for time/effort vs payoff.

Your work should reduce to 1-2 hours per day and if you discipline yourself, 5 days a week once you get out of phase 1 f building and automating as much as possible. So in essence 5-10 hours a week as a goal for say, phase 2.

If, in the future you can’t do this, then focus on the FT job instead. It also depends on the niche. Some niches have a ceiling that simply do not allow you to earn above no matter if you put in an extra 1000 hours. As with any biz, finding a good niche that has the level of income possibility and then finding the RELIABLE people to do your task-based stuff, is the key.

Also, patience and persistence – keep trying – and use your time wisely – and trust me I feel the pain and frustration, been there! Determine how long with idea #1 before you say, ok, either idea #2 is next, or I’m done. Just do your homework! I put considerable amount of time into my eBook “How to find a Money Making Niche” to help others do that, BEFORE they commit because they must make absolutely certain that they have allowed the 3 things to intersect – income potential/opportunity with interest with skill/ability – I call it basically the online success triangle – without all 3, the online biz model triangle collapses!

]]> By: MIke http://www.madimmarketing.com/internet-marketing/the-4-hour-work-week-gone-wrong/#comment-10618 MIke Thu, 18 Feb 2010 06:30:58 +0000 http://www.madimmarketing.com/?p=718#comment-10618 There really isn't a 4 hour work week. If you continue to grow your business, you would definitely spend more then 4 hrs on planning and evaluating future and existing projects. Even if you outsource there is still the monitoring and the checking up on the outsourcers because outsourcers are just like employees and we all know that there are daily routines and drama involved when dealing with employees. There really isn’t a 4 hour work week. If you continue to grow your business, you would definitely spend more then 4 hrs on planning and evaluating future and existing projects. Even if you outsource there is still the monitoring and the checking up on the outsourcers because outsourcers are just like employees and we all know that there are daily routines and drama involved when dealing with employees.

]]>