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Home » Business And Finance Articles » Too Darn Many Ways To Make Money

Too Darn Many Ways To Make Money!

Affiliate Marketing, Google Ad Words, Google Ad Sense, Network Marketing, Niche Marketing, Direct Mail, Real Estate, Stock Market Investing, Direct Marketing, The 4X Market, High Yield Investment Programs, Direct Sales, EBay and Online Auctions, Information Marketing...............the list goes on and on and on and on.

Where do you start?

What do you do?

Here is a story that you may relate with and hopefully provide a couple of ah ha moments. About 3 years ago I was speaking at an Internet Marketing Conference in Orlando, Florida. On the front row was a bright eyed enthusiastic young man in his twenties named Rob.

I was one of the first speakers at the event and my topic was "How to Create a $5,000+ Monthly Income with EBay and Online Auctions". I could tell during my presentation that Rob was getting excited about the possibilities of making money with EBay & creating cash flow with online auctions.

When my presentation was over several attendees went to the back of the room to invest in one of my training programs. Rob was the first in line. I discovered later that Rob had invested in my Deluxe $1,500.00 How to make money with EBay package which included 8 hours of 1 on 1 training and coaching along with the DVD's CD's and manual.

I noticed throughout the weekend that Rob invested in 3 or 4 other programs during the seminar. I thought to myself, this is good. He is a newbie and he is going to try to find the right cash generating program for himself. I had the opportunity to visit with Rob briefly towards the end of the weekend, and sure enough he had inherited about $10,000 recently and decided to invest that money into a financial vehicle that would get him out of his dead end job working for the airlines.

I reminded him to contact our office to schedule his first 1-on-1 coaching session and encouraged him that online auctions can be used as a marketing division with whatever business he choose, even if he didn't want to do auctions as a stand alone business. This concept is discussed at http://www.FundedProposals.com.

Six weeks later, I was reviewing my client list and going through some records and I realized that Rob had never called our office to schedule his first one-on-one session which he had already paid for. I rarely do this, but I decided to pick up the phone and check in with Rob.

He told me that he had marked in his day timer to call me that week. He then went on to share with me three or four businesses that he had unsuccessfully tried over the past 6 weeks that had not made him a penny. This was a clue, that this gentleman definitely had unrealistic expectations and I made a mental note to discuss this during our first telephone consulting session, which we had scheduled for a week later.

Over the next 5 weeks Rob and I met on the phone once a week. My goal was to teach him how to make money on EBay and become a full time entrepreneur He got 20 items from his closet and garage on EBay during the first week and sold 16, which is statistically above average.

His second week using some techniques we taught he put $301.00 cash in his pocket. The fourth week almost $500.00 more and he jumped over the $500 mark his 6th week earning $711.00. At this point Rob was well on his way to creating a full time income successfully selling on EBay, and I knew it was just a matter of weeks until he would be able to submit his resignation to the airlines.

His sixth week, he didn't call in for his scheduled training session. I assumed that something had come up and was confident that he would be calling to reschedule. At this point I certainly wasn't going to beg him to continue his "self education".

Three years go buy and I never heard from Rob again, until about 2 ½ weeks ago. The phone rang at our office and my assistant told me there is someone named Rob XXXX on the line. I thought to myself Rob XXXX, I know that name, how do I know that name? (I use XXXX to protect the guilty, but I will personally be sending him a copy of this article)

I took the call, and as soon as I heard his voice everything came back to me. Rob, what happened to you? I responded. I will never forget his response. "Well you know what the problem is Mr. Calvert, there are just too darn many ways to make money" He went on to tell me that he still had his crummy job at the airlines, and all he had been doing for the past 3 years was basically spinning his wheels, trying one entrepreneur enterprise after another.

He said he made the most progress during the short 6 weeks we spent together learning how to make money on EBay and he was ready to pay me my consulting and coaching fee to get him back on track and his income to $3,500 a month with online auctions so he could quit his job.

I see this epidemic everywhere I go. Would be full time, home based, entrepreneurs that are suffering from information over load. They are a jack of all money making methods and a master of none!

Is this you?

I have to admit, at one time that was me. I became so fascinated with the Internet and the possibilities that I spent hours upon hours studying different systems and implementing few or none of those systems.

Here is what I have discovered.

Choose the strategy & systems very carefully.

You must ask yourself, am I looking for short term or long term cash flow?

Is this a system that I want to run for a long time or short time?

What are the realistic income possibilities for this project? This is a very important question. One of the best quotes I have heard over the years is "You have to say no to a lot of good projects to make certain you have time for the great ones"

Once you decide on a project, you must STAY WITH IT, until you are profitable!

Always remember that the problem is not the project or the system. If other people are making it work, so can you. The real problem is always in the mirror.

The best money you can spend is on one-on-one coaching from a mentor who knows what they are doing. These type of coaches can take years off of your learning curve, and will pay you back 100 times what you invest in their knowledge and expertise.

I personally do consulting with people in three our four niche markets. I also personally pay a coach in another market I am in the process of mastering. I am always amazed that most of the time the people that hire me to coach or consult with them are already full time entrepreneurs earning strong six figure incomes. Yet the newbie will spend $97.00 over and over for the latest eBooks on the newest hot trend and never even consider hiring a coach. Listen, even Tiger Woods needs a coach!

Once you start a project, STAY WITH IT, until it is profitable.

Think BIG! Once you have a project that is working, ask yourself, how can I duplicate this?

I recently had a lady from Utah call me and wanted to hire me to consult with her one on one to teach here how to make money with EBay & get her business started and profitable. She was very discouraged because she had spent the last six months focusing on how to create a website designed to create income from Adsense. After she got her "self education", she built her site in less than 3 hours. She said she had finally figured out the formula after spending almost $2, 0000 on books and courses, but last month she only averaged about $5.00 a day from her sight.

My response, "You don't need me, you need 999 more websites". This ladies problem was she wasn't thinking big enough and she wasn't thinking duplication. I told her after she had 1,000 websites each earning her $5.00 a day ($5,000 a day total) She could call me if she wanted and I could help her get to $5,000 a month in profit with EBay and online auctions. She thanked me for the paradigm shift and hopefully I will never hear from her again until we are speaking together at a seminar somewhere.

Is it time for you to quit spinning your wheels and get focused on exactly what systems and cash generating programs you want to master? A free book entitled The Top 6 Cash flow Systems for 2006 might help you, and you can get your copy at http://www.2006Top6.com.

After you decided, get some coaching, get profitable & duplicate!

And here is another random article you might be interested in...

Challenging Conventional Wisdom

Challenging conventional wisdom...what a concept! How few of us are willing to risk moving out of our comfort zone, learning to push conventional wisdom aside and grow. Why is it called conventional wisdom anyway? Why; Perhaps, because the very idea of it is associated with being safe and secure. Is that where we really want to be?

In today's fast-changing and ever-shrinking world, new ideas, methods, and processes are being conceived, installed and operated at breakneck speed like never before. There is little room for conventional wisdom anymore, unless of course you are content with living in a bubble, with little direction or growth intentions. I like the old adage, "if you are not growing, you are dying." Marketing and sales, as well as many other fields, require constant movement and adjustment.

The term "conventional wisdom" reminds me the old excuse "because that's the way we have always done it." This overly-used phrase is nothing more than a crude crutch for countless persons. Did you know that someone, in totally-blind ignorance, once had the audacity to say publicly that "all the inventions that will ever be invented had already been invented? There is no need for the patent office anymore." As ridiculous as that notion appears today, that particular statement was made at the turn of the 20th century. If anything, we can only dare to imagine the discoveries and advancements that will be made in the next 5 years, let alone the next century!

Certainly, there are instances where conventional wisdom is quite appropriate, such as well-accepted norms of behavior, testing procedures and religious practices. I challenge however, the notion of accepting conventional wisdom at the expense of personal and intellectual growth. That is where the element of fear enters in and restricts so many people. Generally, most fear at this level is simply imagined in our minds-eye, thus creating barriers to our progress, self-development and career advances. This is the point where we need to train ourselves to be conscious of our actual circumstances and work through this fear to find the rewards awaiting us. Franklin D. Roosevelt spoke in his first inaugural address "The only thing we have to fear is fear itself." He truly understood people and human nature. FDR would never settle for accepting conventional wisdom, and neither should you.

In the world of selling your own ideas, products and services, we must be continuously growing beyond our comfort zone, challenging conventional wisdom along the way. Our ability to persuade others to our point of view as well as our ability to match our goods and services to the needs and wants of others, depends upon living and working in a dynamic environment, not the static world of conventional wisdom.

Copyright 2006 Daniel Sitter