Is there something that is preventing you from realising your dream? Sometimes it seems that life just has a way of throwing us obstacles and difficulties that get in the way of us making progress.

I’m not just talking about the dream of making money online here. We all have things that we would like to achieve but we don’t always have the real passion it takes to overcome everything to achieve them.

Check out this video that I came across this week and you may find it touches you and give you a boost like it did for me.

Until next time,

Trevor

Remember “Nothing Happens Until We Take Action”

p.s. Did this post have a particular impact on you? Share you experiences and thoughts with the rest of us by leaving a comment.

I’m sure that you will have heard people saying for quite some time now that Adsense is dead. While it is harder now to generate a good residual income from Adsense, it is far from dead.

Despite all of the Google updates that we get every month my Adsense income has remained fairly steady. Most of my Adsense sites have been running for years now without me doing very much, if anything, to them and the revenue from them has remained almost unchanged.

I was very interested, therefore, when an Internet Marketing friend of mine told me about the success he had been having with a new WordPress theme designed specifically for extracting the maximum revenue from Adsense sites.

In fact, he had seen an increase in revenue from his sites of between 50% and 800%! – Now that got me listening.

Try it for yourself

With increases like that I needed to have a closer look. I did, decided to give it a try myself and started to see revenue increases almost immediately.

“… Using CTR Theme and AdSense Link-Building Secrets, I turned a $2.17 .info domain into a $250 per month earner, and it took less than 4 hours of work to do it! SEO and AdSense is the new alchemy. Garbage becomes gold..”

- Eppie Vojt

There is very little customization needed to have your sites up and running so creating new sites from scratch can be done in just a few hours. When you’ve done it a couple times you can have a site fully customized and ready to start generating revenue in 3 to 4 hours.

If you only have 10 – 12 hours a week to work on your business you could create 3 sites a week quite easily, that’s 12 sites a month. If you only get to the point of earning $50 a month from these sites that’s a very nice $600 a month revenue… And that’s only for one month’s work.

At that rate how many sites are you going to create?

If you’ve been trying to generate revenue with Adsense on your wordpress sites and not doing as well as you want to, then you really should try this out.

There is currently a great $47 bonus available so my advice is get started now.

Try it out now

Until next time,

Trevor

Remember “Nothing Happens Until We Take Action”

I’m sure you have heard people, including me, say that the way to ensure a stable income is to have multiple streams of income all running sending money into your bank account. This idea was first explained by Robert G Allen in his best selling book, ‘Multiple Streams of Income’.

When you have multiple streams of income you’re not reliant on one source. If one of your sites is de-listed by Google, for example, you still have several other income sources bringing in money so the impact of losing that site is reduced. On that basis then it is sensible to have as many sources of income as possible because each source you put in place reduces the contribution that each one makes to your entire earnings.

So why am I saying that multiple streams of income can be in some way a mistake? Let me explain. What I see all the time is people taking that piece of advice, creating multiple streams, and implementing them in the wrong way.

How do they do it wrong?
Let’s look at the process for creating a niche income. The first stage in the process is research. We look for possible profitable niches by brainstorming ideas. There are many ways to do this, including checking through the magazine rack for hobby ideas that can provide niches, research on Amazon for popular book/product titles, check out Google trends, Ebay pulse, there are lots of ways that I don’t have time to go into here. If you would like more help in this area post me a comment below and we can start a discussion about it.

As we do our research we compile a list of interesting niche topics in a notepad file or similar ready to start creating our niche sites. What lots of people do then is pick several of these topics, generate a bunch of keywords for each using the Google keyword tool and start creating a niche site for each one. More often than not these days that means putting together a WordPress blog, adding all of the plugins needed, sorting out the right widgets, optimising the site for the search engines possibly using all-in-one-seo, writing or getting written some content for them, adding an email capture form etc. There are a lot of separate activities to do to get your niche site up, and we haven’t even talked about traffic generation yet.

Let’s suppose that it takes a month of work to complete each site, which if you are doing it all yourself is not unreasonable. And let’s assume that you decided that you would start with 10 niches, that sounds like a good number of multiple streams of income. For the sake of this example let’s also say that when complete each site will generate us $1000 a month. If we now do the math we realise that at a month each our batch of multiple streams is going to take us 10 months to complete (i.e. 10 times 1 month) and by the end of month 11 will be bringing in $10,000 a month. So we work away on our business for 10 months and then we have them all finished and ready to start making us money. At the end of month 1 we have no money coming in because our sites are only 1/10th complete. At the end of month 2 we have no money coming in because our sites are now 2/10ths complete and so on for months 3 to 10. Finally by month 11 we start receiving our projected $10,000 a month.

Great when you get there but you have to survive while you’re doing it – for 10 months.

The Right Way to Multiple Streams
Now let’s look at a different way, the right way to do it. We do our research as before and identify 10 potential niches that we would like to work with. From our list of 10 we select 1 that we want to work with first, just 1. We then go ahead and develop our site, do the optimisation, start driving traffic and everything else we need to do to get the site up and running and generating money. We said that was going to take us a month and let’s assume it does. At the end of month 1 we have a site complete and ready to make us money and by the end of month 2 site 1 has generated us $1000.

Having completed our first site, we go back to our list, select the next most suitable niche topic and begin the process again on our second site. That takes us a month to complete so by the end of month 2 we now have site 1 making us $1000 a month and site 2 ready to start making us money. We continue the process that we started in month 1 so by the end of month 3 we have site 1 and 2 making us $1000 a month (we’re now bringing in $2000 a month) and site 3 is ready to go. As we develop each additional income stream our income goes up accordingly.

If we use the figures that we’re assuming here for this example and do the math now this is what we find.

The first approach generates us $10,000 by the end of month 10 and another $10,000 each month after that.

The second approach generates us $55,000 by the end of month 10 and another $10,000 each month after that.

Which option looks best to you, I know which option I’d choose every time. Now I know that I’ve used round figures here to prove the point, and not all of our sites are going to generate $1000 a month. More often than not only a few will do that. The point I’m trying to make is that when you complete one site, one income stream at a time, that income stream will be bringing in money while you’re working on the next, then the next and so on.

In summary, multiple streams of income is the only way to go but work on one project at a time or if you are outsourcing the bulk of the work no more than 2.

I read a great comment from Warren Buffet recently, where he said “You can’t get a baby this month by making 9 people pregnant at the same time” – the same is true when it comes to building your business.

Until next time,

Trevor

Remember “Nothing Happens Until We Take Action”

Today I want to talk about how you are working your online business. You see most people get into creating a business online because they have a job that doesn’t pay enough, an existing business that doesn’t pay enough or are out of work and need to make an income from somewhere.

The group that you happen to belong to will have dictated how you have approached the prospect of making money online. You will have come at it from a different starting point and this has an important impact on your progress.

You have a job that doesn’t pay enough
If we start with those that have a job that doesn’t pay enough then their lifestyle is one of going out to a place of work where they spend several hours working for someone else then coming home to spend time with their family, do the household duties that we all have and hopefully relaxing at some point, maybe watching some TV or enjoying a hobby.

So generally speaking for this group spending hours working for the boss is work and the rest of their time is in some measure what we could refer to as leisure. They work at work and do family stuff at home.

So what happens when they decide that the way to a better future is to start a home-based business built around the Internet? The office for their new business ends up in the corner of the living room or in a back bedroom at home – where they are not used to working. They work at work remember not at home.

Why is this important? It’s important because all too often the home-based business is approached like it’s a hobby, something to do a little bit of when there’s some spare time. It’s all too easy in this situation to react to things like demands from family members, friends and the constant stream of rich-quick results offers.

We are all conditioned as we grow up by circumstances and experiences around us and it’s very difficult to change that mindset without determined consistent effort.

You have a business that doesn’t pay enough
What about the business owner who’s business isn’t paying enough? Well his life is much the same except that now he’s the boss working for the company. His life is much like our first group – work at work and family stuff at home except that he also has business pressures that don’t get left at the office.

However, members of this group do have the benefit of being used to going out of the house to run a business, they have a business mindset and will be used to planning their activity. But if they choose to run their original business in their office and the new web business at home though, they have the same issues as our first group.

Having run a traditional business is no guarantee of success online. Rich Shefren’s career history is a good example. If you haven’t read any of Rich’s stuff, especially his Internet Business Manifesto, you should look him up. His main site is at www.strategicprofits.com.

That’s not an affiliate link although I am an affiliate. I consider myself very lucky to be coached by Rich and feel everybody needs his kind of help.

Anyway, way before Rich was successful online he was very successful offline, creating and selling several multi-million dollar businesses. After selling his last offline business, Rich decided to get started online. And guess what, he went through the same pain that most of us have. He got information overload, he got swamped by all of the work that seemed to be needed to get done. He worked longer and longer hours – sometimes all night. He started to feel like a failure, maybe his offline success was just luck, maybe he wasn’t that great at business after all. He was ready to give up.

Can you imagine, going from multi-million dollar business success to this. So how did he go from this to where he is now? Well we’ll cover that later, for now let’s look at the last group.

You are currently unemployed
Then we come to the unemployed group. They are likely to have the most difficulty of all of us because they have the constant pressure of how they are going to pay the bills. I’ve been in this situation so believe me I know what this sort of pressure is like and what it can do to you.

You become consumed by being broke, often you don’t sleep well, your mind is chattering away at you all the time and you are desperately seeking a way out. In this situation you are wide open for anything that remotely looks like it will get you out of the pain in the quickest time possible.

And the scam artists that seem to have flooded the Internet these days know that only too well. They don’t need to create good products anymore they just need a good copywriter to churn out one empty promise after another to become very rich at your expense. Don’t get me wrong it is possible to make money online, thousands of genuine people are everyday but not without effort and not overnight.

My last post about Dean Holland is a very good example.

Like our group with a job, this group are not normally conditioned to think of home as the place of work and have all of the same distractions. In fact, the pressure from family to get a job will be strong and will have to be taken into account.

The answer is … The same one for everybody, we need a plan and a different mindset. If you get to read what Rich has to say you’ll see that what took him from frustrated virtual failure online to where he is now and what will take you to success is a change of mindset. A change from Opportunity Seeker to Strategic Entrepreneur.