In this edition of the Friday Podcast, we look at two key principles involved in building your Internet Empire.
Do “Quick Cash” methods have a place in your Internet Business?
For the notes, click “more”
Internet Empire Building: 2 Key Principles
The Internet Money Making Master Plan
- Have a plan in mind.
- Types of business building: planned and unplanned.
- Doing expected vs doing what was unexpected.
The “It doesn’t make any difference” school of planning
6 months down the road? No progress?
The Effective Plan
Making a plan is just 10% of the effort, 90% of your success will come from carrying it out.
Long Tail Cash Generation
2 types of business:
- Long term
- Short term (AKA “Quick Cash”)
1) short tail
2) one time burst of income, little recurring income
3) proportional or less than proportional return
Long term business:
1) a trickle, then a flood
2) takes time to develop
3) disproportionate level of return