This article is guest posted by Michael Fridman.
What makes you think you’re able get wealthy?
This must be an unpleasant question. Most people would answer: “because I’m smart, and I am willing to work hard.” Are you one of those people? If this is your way of thinking, it’s not hard to guess how much you’re getting from Adsense. It’s got to be below thirty dollars a day, huh?
I discovered that being “smart” and willing to work hard is exactly what will NOT make you rich. See, wealthy people are not hard workers. Rich people are aware that the most valuable thing is time, so they do not trade their time. If you’re ready to work 24h a day, it means that you don’t consider your time valuable. Consequently, you end up having no time to think and become poor, no matter how much time you spend working.
Yes, wealthy people often happen to be lazy. But they don’t stare at TV all day long at the TV, trust me. Instead, they spend time thinking about how to make others do what they need to get done. Poor people are hard workers, whereas wealthy people are hard thinkers. Rich people don’t work for their money. Instead, they make money work for them. If you are willing to spend a lot of time working on your success with Adsense, you are going to loose a lot of time and will never make BIG money. It is because there are just 24 hours available to you every day. Even if you’re crazy enough to work twenty hours, that’s not enough to get wealthy. Respect your time and don’t sell it. Don’t become a freelance self-employed smart laborer. It is impossible to be an internet marketer, webmaster, content writer, search engine optimization specialist at the same time. It takes lots of experience and learning to become a pro at each of those fields. Furthermore, you will end up not having enough time to do all those tasks on a regular basis. Don’t even attempt to do this.
Rich people don’t regard themselves as clever. As a rule, they have quite unclear idea about the market they are in. But they use help of well trained advisers; they hire the top specialists who execute all the job for them. Note, if you consider yourself smart, you begin to believe that you are able to do everything yourself. That’s not the way to get rich. Those who became successful at Adsense work in teams. That is what you must do too.
Don’t confuse job with business
Lots of people don’t know the difference between job and business. To illustrate this, let’s say you’ve designed a high traffic blog that earns thirty dollars a day, for which you write two posts daily. Is it a good business? No, it’s not. That’s a pretty poor job. So, what’s a real business then? Business is a SYSTEM that can be left any time, so that it grows and makes you more and more money whether you’re in or not. That is the main difference between a great blog and Ebay. Or, a single hamburger stand and McDonald’s. Now you can realize why wealthy people don’t sell their time: the truth is, getting paid for your time is the worst use of it. However, if you spend time on designing an autonomous system (asset), it will be paying off as long as you live. In other words, if you’ve spent 1 hour working on the system, you will be getting paid for as many hours as you can live. If you’ve spent 1 hour at the job, you will get paid once. That hour will have no positive financial influence on your future.
Stop saving. Invest!
Poor people usually spend their time and energy on not spending money. Whereas wealthy people focus on multiplying their money. Note saving money is a very old idea that might have worked 30 years ago, but doesn’t work anymore. If you keep your cash in your wallet or bank, the value of it goes down very fast because of the inflation. So, it is important to keep your money working for you, and it’s even more important to play it smart. If you do not know about investing, hire a financial adviser. At the early stage of your Adsense career it is important to invest money in the internet marketing. Spend some money on links and advertisement space that will burst the traffic to your website, and hence, earnings.
A lot of people who have just started their business online are often very naive to think that they can earn a lot of money without having to spend any money. This is not possible, unless you decide to be a self-employed worker who is ready to work for free, hoping to start earning thirty bucks a day at some point in the future. Do you know how much time you need to spend to learn and implement all those skills that are required to earn $30 a day? If you try to calculate how much you’ve earned and how many hours you have spent on creating your online “business” over one year, you will be surprised to find out that you’ve been working hard earning like one buck per hour. Crazy, isn’t?
So you want to get rich soon, and don’t even consider spending a couple of $$$ to get yourself a team? It is not very serious. If you want to get wealthy, you need to be spending some money on a regular basis. You need to pay for internet marketing, professionally written content, search engine optimization services, etc. If you play it smart, it will make you rich. If not, learn your lesson and try again.
What if I don’t have any cash?
Is it what you are thinking? That is the way poor people think, and you can’t do that if you want things to change. Even if you don’t have money, you still can do lots of things to put those ideas into life. How? Here’s just a bunch of thoughts to inspire you:
- Write a business plan. It must not be very detailed. Anyone can do it. If you do not have a clue how to do it, hire someone, or learn it – this skill will bring you a lot of money in the future, therefore it is totally worth the time.
- Send the business plan to potential investors. If your plan makes sense, you will find an investor sooner or later. If you don’t, it means your idea is bad, and that’s how you find out that you need to create a better idea. If the idea is good and the business plan makes sense, it is very easy to find an investor. The challenging part is negotiating the contract, not attracting investor.
- Apply for a loan – if you do not get enough money from investors, you can apply for a loan at your bank. If your credit history is decent, you have good chances to get a loan.
- Offer your team some part of your earnings. This way you can create a dedicated team of people who honestly believe in the success of your project. Those employers are very important, since they are aware that it is up to them whether you succeed as a team, or not. Such team is way more active than a group that gets paid per hours.
Try to generate more ideas! Trust me, you are capable of generating much more ideas that will make you rich.
About the author: Michael Fridman is a successful entrepreneur. He created a number of profitable internet businesses and now is willing to teach you how to become rich by creating internet assets and generating passive income online. To learn more, visit his blog “Monetize Site“