By: Dave Mallegg
Rich Schefren, Jay Abraham, Mike Filsaime, Jeff Walker, Millionaire Entrepreneurs are in the internet trenches, innovating successful strategies never before used on the internet, then passing them on to their group of savvy entrepreneurs to explode their businesses.
These marketing gurus repeatedly create new original strategies for themselves as well as effectively transplant them on to others.
There are numerous common strategies all successful people on the internet now use to give them tremendous advantages over their competitors. Let's face it, we are all experiencing the increasing competition to dominate our niches.
Some of the common core steps are listed below:
1) Start to process map your online business. 2) Learn project management. 3) Build leverage and scalability into your business. 4) Become fanatical about the numbers of your business. 5) Use an effective time management system. 6) Analyze your log and identify your routine tasks. 7) Automate as many things as possible starting with the easiest to automate. 8) Outsource 1 item at a time starting with the most time consuming first. 9) Hire an employee that will take over the largest number of your responsibilities.
Each of the above activities involves a series of unique details that are carefully crafted to guarantee success. It is not about doing them, but rather doing them correctly.
You want to begin by separating your activities and tasks into productive time and non-productive time.
Productive time is spent creating products, marketing products, improving your marketing process, managing money making projects, setting up joint venture deals and creating leverage in your business. Non-productive time is everything else, including answering emails, phones, day to day tasks running the business, etc.
If you realistically have two productive hours five days a week (520 hours a year) to make $ 260,000 a year, then you need to produce $ 500 an hour of productive time.
The bottom line is exactly how do you leverage your internet business to increase your productive hourly income each day?
There are basically two ways work should be done in the business:
SYSTEMS AND PROJECTS
A project is a temporary goal with a beginning and an end performed by people and constrained by resources. You need to learn project management techniques. A Project ultimately should begin and end without you and they make money without you.
Do what you do best and outsource the rest.
What are you good at? What are your core competencies?
A lack of project management skills can cause outsourcing challenges.
Hire niche researchers to find products, keywords, volume, affiliate programs.
Hire ghostwriters to write eBooks, sales-letters, the name capture, the tip email series and the forced consumption emails, articles, affiliate emails, affiliate eBook review, the banner copy and everything else.
At the top of the pyramid is Strategic, then Management and at the base is Tactical Business Metrics.
Look at the numbers of your business to find opportunities to expand. Process, out sourcing, study product roll out
The Business Builder builds scale (leverage-efficiency) The Coordinator (manager-out sourcing) and Technician (you do not want to be in that role)
You get rid of the technician by hiring free-lancers from Elance.com; Scriptlance.com; Rentacoder.com. Also Technician Universe can be used to find– Copywriters, Web Designers, Technical Projects, Ghost Writers, Virtual Assistants, Program Developer.
Look for people to establish a long time repeat relationship. Then get rid of the person who manages. Hire two people, one outsources Copywriters, Ghost Writers, Virtual Assistants, Graphic Designers and the other person outsources Web Designers, Technical Projects, Virtual Assistants, and Project Developer.
You can see just from this brief glimpse how much rich valuable material is available to the self-employed entrepreneur ambitious enough to dare to evolve into a millionaire internet business.
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