Making Money Online - Priorities

In the last post we looked at a few important questions someone has to ask themselves before striking out on their journey to making millions online.

Let's take a minute to look over those questions again.

  1. How much money do you need/want to make?
  2. How much time are you willing to spend to make it happen?
  3. How much money are you willing to invest?

Now that you've had a chance to review the questions, answer this: Which of these is the most critical to your success?

Think about it this way:

You can spend a ton of money trying to make a ton of money but if you don't put in the time and effort, it just won't work. The people telling you about making a fortune online with just a point and a click are almost always selling you the magic product that will make it happen.

But how much is enough?

Realistically, you need to be able to devote 4 to 6 hours a week exclusively to your money making endeavors. This time should be allotted in 1 1/2 to 2 hour blocks. If you can only spend 30 minutes at a time you'll never get anything done.

This time has to be above and beyond your other internet activity. In other words, reading MMO blogs in your feed reader, writing posts to your own blog and checking stats does not count.

Why so much?

Look, if you can't spare 4 to 6 hours a week to build your new business, you probably need to reconsider how serious you are about this whole making money on the internet idea. If you can only spend a little time here and there when the mood strikes or there's nothing else to do, you'll just waste all your time and energy getting back up to speed and remembering where you were when you left off the last time. Essentially, you're just running in place.

Where can I find the time?

Everyone's priorities are different so this is one of those things you have to decide for yourself but I can make a couple of suggestions. First, cut your feed reader back to about 10 to 15 blogs or less. Next, consider reducing your blog posting frequency from every day to a couple of times a week.

If you are an active blogger, these two steps alone will easily free up 2 or 3 hours a week (probably more) for you to use building your business.

OK. So now you have decided you are willing to invest the necessary time to give yourself a chance at being successful, what about the other questions?

To be continued...

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