Hi, I’m Online Business Strategist Tdaviscole. Welcome to my series on Tips To Building An Online Business. I believe that an important aspect of business building is understanding its importance in today’s economy.
There are many reasons you may want to build an online business. Perhaps, you want to earn additional income, buy a larger home, travel a bit, or just live the overall freedom lifestyle.
Yet, there are more reasons to build an online business today.
The first reason is that minimum wage isn’t enough to sustain the minimal living. If you’re an average American, you have a house payment whether renting or buying. If you drive, you must maintain car insurance according to your state’s regulations. If you’d like to ensure that you have quality transportation, you’re probably paying a car note too. Don’t forget you’re going to need gas with that car and car insurance. Depending on how much you drive and where you live, you can pay as much as $5 per gallon of gas.
If you need to eat for survival as many of us do, you’ll need some groceries. I’m sure you don’t want to be in the dark eating raw meat, so you’ll need electricity to power your home and appliances. Unless you plan to stink, very badly, you’ll need some running water in your home. Don’t want your trash running over in the streets, you’re going to need garbage removal.
Don’t forget those toiletries such as soap, toilet paper, lotion, shampoo, conditioner, razors, dish liquid, washing powder, and everything else in between. Did you buy your washer and dryer yet, if not, you’ll need to go to the laundry mat and spend between $2-$6 for every load of clothes you’ve got to wash.
Unless you’re living in the 18th century, you probably have a cell phone and internet service at home. And the list goes on. If you happen to fall in love and start a family, you’ve just added, diapers, wipes, milk, crib, car seat, carrier, blankets, and if you plan to go back out to work, daycare.
That doesn’t even put a chip on the list of expenses the average American pay each and every month. Yet, according to National Public Radio, “the average American earns, roughly $50,000 per years. Meaning half earn around $50,000 and the other half even less.”
That’s simply not enough money to run an average American household. You probably already see and experience this reality on a daily basis. Our basic economy isn’t set up for you to win. It doesn’t offer the means necessary to pay your month to month obligations, not to mention, any additional adventures you may want to experience.
It’s a wonder so many Americans suffer from depression, anxiety, and obesity. It’s depressing when you cannot pay your bills. Anxiety builds when there is never enough money. Obesity kicks in when the only pleasure you can find is in a drive-through window or in a cold beer while watching the Late Night Show. All you can afford to do is suppress the life that you really want, through food and alcohol, while spending all of your time engaged in the life you hate.
Building a business is hard work, but it’s worth it. The younger you are when you realize the importance of entrepreneurship the better. It is a hard road to travel. Most often, you will need to work a job and build your business for the duration of 2-10 years. You may experience a lot of failures before you succeed, but it’s worth it. It’s difficult to hear the truth of what it takes to become a successful entrepreneur.
Most people, want to hear the get rich quick story, but it’s often not true. The internet has made it very easy for you to set up systems and build internet businesses fast. Yet, successful marketing of those systems takes a specific skill set.
There are 3 major ways to access those skills. You can buy them by spending a ton of money on a team who has them. You can learn them with a learning curve of 5-10 years if you’re building an online business or 10-15 years if you’re building an offline business.
Yet, the most cost and time efficient way to build your business is to get a good coach. Be willing to learn, implement, and teach until you’re blue in the face. A good coach can help you collapse some major time frames. They will be the bridge from where you are now to where you want to be. They have traveled the road that you’re on. Therefore, they can help you focus your energy on things that actually work, chunking down your time frame for building a profitable online business to 2-5 years.
Get access to my Instant Course Cash affiliate coaching. I’ll show you (step-by-step) how to build an online business around promoting courses for profits.
When you build a business around your own product or an affiliate opportunity, you’re setting yourself up for unlimited income potential. You may still be in corporate America but you’re setting yourself up to earn more for whatever your reasons are. Jim Rohn called this process “working full-time on my job and part-time on my fortune.” You literally get to work full-time on your job and part-time on your fortune.
But you’ve got to be willing to go through the process. You’ll find yourself dreaming again, hoping again, and seeing more possibilities in life. You’ll find that going to work is no longer a chore, but an investment plan for your future. Don’t get antsy, keep your job, build your business, and set financial goals towards your retirement.
Retirement is another reason you’d want to build a business. If you’re barely earning enough money to get by right now, what makes you think it’s going to be easier when you retire on a third of what you earn now?
Recently, I read “The First Steps To Success,” by Dani Johnson. She told a story about the day she realized that she needed to build her own business. She had taken a trip to McDonald’s and saw an old lady in her late 80’s wiping a table. Her frail hands quivered as she tried to clean up the mess a crowd had left. Johnson conveyed that she had spoken to the old lady and asked her why was she working at McDonald’s instead of enjoying her retired life.
The old lady replied that she didn’t plan to be working at her age, but she couldn’t survive off her retirement. Johnson revealed, at that moment, she realized in a few short years that would be her. If she didn’t do something to turn income earning potential around that would be her story too.
It’s never too late to build your business. However, the older you become the harder it is on the body to endure the journey of change. At nearly 40, I don’t have the same stamina I had at 30. I spent most of my 30’s failing at business building and I could bounce right back. I could go days without sleep, but now my eyes close involuntarily at the end of a hard days work.
As time continues to pass, I’m sure there will be more changes in my body. Which is why you want to build a business now while you still have a chance. At some point in life, you’ll grow tired of doing the same thing. Your body will not be able to keep up with the demands that life places on you. If you’ve surpassed the difficult phases of building your business, you can retire on its residual income. Residual income is a great reason to start building your business now.
I learned the hard way that this doesn’t happen overnight. No Mama, no sir, it does not. Many people quit because they think the business building process has failed them, but they fail themselves when they give up on building a business. If you stick with it and adjust your business building process when you need to, you’ll be glad that you did.
You can leave, what I call, a legacy for life! That’s right. You’re leaving something for your children to inherit. If you handle your earnings correctly, invest, and grow your money, you can leave an inheritance for your children’s children. You’re placing them in a position to have one leg up in the world. You’re passing the baton to them eons ahead of the rest.
If your family has experienced cycles of failure or mediocrity, you’re beginning a new cycle of success and excellence. You may be the first person in your family to do it, but it’s got to be done. The distance from a struggle to comfort could be a good business. A good business could help you earn much more than the average American, prepare you for retirement, and allow you to leave a legacy for your children; it’s worth it!
To Your Success . . .