What is the number one benefit of running a business on the Internet?
* Big House
For some, it could be the above. I remember years ago that my primary motivation was “money”. I was definitely money motivated. I thought about it all the time. I spent an inordinate amount of time thinking about what I was going to do with all the money I was going to make. I even had a “goal book” that I carried around with me all the time.
In the goal book I had outlined several different categories. For example, house, car, money in bank, real estate investments, stock market investments, etc.
I was unbalanced to say the least. To think about money and what it can buy all the time will also take it’s toll on your spiritual state. I know, I’ve been there and still have the T-shirt.
Some of you reading this post right now are in the same state of mind. I’ve got two words for you, “Get Balanced”. You see, I finally came to the conclusion that life was more than money and what it enables you to purchase. I discovered that “freedom” is the primary benefit of having your own business on the Internet, not money.
When you obtain a certain amount of freedom you can relax and enjoy the simple things. I also discovered that it’s better to have an average house and car that are paid off, that to have a big mansion and luxury car with a big “nut to crack” every month.
Even when your income grows to an extremely large amount, there is no reason to increase your spending. That new found big income may not last. I have explicit memories of how my Google AdSense income skyrocketed a couple of years ago. My best month was over $10,000. I even taught a friend of mine how to do it and he was able to reach $10,000 a month in a very short time. He even quit his day job based on, in some part, to his new AdSense income.
Well, he and I both found out the hard way that “things change”. We were getting most of our traffic from Google and they decided to change their way of indexing and “poof”, there went the AdSense income. Lucky for me, I had another Internet income stream and was still in business. But, you know what? If I had not had that other income stream, guess what I would have become? An employee!
Write this down and memorize it… “An Entrepreneur That Runs Out Of Money Becomes An Employee”.
Always have some cash put back and you will be okay should the day arise that your Internet income dries up. If you have some money saved you can always find a new venture to start. I find that there are so many ways to make money on the Internet that I sometimes get distracted because they all look like fun.
Do some research, then make a decision on a project and get started. Just remember, freedom is your goal for establishing an Internet business, not money.