The 80/20 Rule of Making Money Online

One of the biggest issues trying to create a new business online for me was controlling what I do with my time. When you first start out in this business you tend to be overwhelmed with information, learning and setting up structures. You may take weeks if not months before you actually start to market your business successfully this is a common pitfall to look out for because if you are not out there you cannot make any money.

It is very easy to fall into the trap of trying to be a master of all skills. You read a blog or a newsletter and the next thing you know you have just spent two days trying out a new tool that you really don't need. Or even worse you get caught up reading some conflicting revues about the simple processes you have been using (that actually work) and the next thing you find that you have just spent hours of your precious time trying to work out if what you are doing works.

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The key to my success is having an 80/20 rule. I make sure that I spend 80% of my time focussing on my online business tasks. This is what I call my productive time which can be viewed as the time spent making money! Its a simple concept probably easier understood by the catchphrase if you're not in it you cannot win it! A bit like if you don't buy a lottery ticket you can't win the lottery you need to focus on getting your brand and product out there and spend at very minimum 80% of your time doing this.

The Six Figure Mentors teaches the 80/20 rule and if you follow the rule the way you are suppose too, you will be amazed at how much you can actually accomplish. Try it for a week and see for yourself. Here are some key points to keep you on track:

Think KISS (Keep It Simple Stupid). Dont make things too complicated. Some of the very best internet marketers have very plain websites that focus on 1 concept.

Track your time . Set daily goals of how many hours you will work online and then force yourself to work on productive tasks 80% and on learning only 20%.

Figure out when you are the most productive. I found that I get twice as much done when I wake up early and everyone else is still sleeping.

Shut down major online distractions. When it is work time, shut down Facebook, Skype, Instant messenger and any other software that will shake your focus. And don't pretend you can work while watching TV.

Stop checking your Analytics. This may not be a problem for you, but when I starting getting traffic to my site I developed a habit of checking my Analytics every hour. Dont do it!!

Create a comfortable working space. Setup a designated space where everything you need is available and you're seating is comfortable.

Use time saving software and back everything up . Nothing wastes more time than losing your files or a document you spent hours working on. For this I use Dropbox, it is free and is a fabulous product.

I have a little confession to make, I have actually written this to remind myself to keep focussed on the 80/20 rule!! Everyone gets side-tracked and if you find yourself drifting stop what you are doing and refocus!

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Posted in Moving and Relocating Post Date 07/25/2018


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