Your state of mind is the most important aspect of this venture. It is well connected your vision and the drive that will propel you to beat against all odds. Making money online is very achievable, the major obstacles you will face includes, lack of discipline and lack of implementation.
Remember, you are building a business. Below are some points on how you can measure your productivity, such as S.M.A.R.T Goals and Managing Tasks
1. The Ambition
Operating and establishing a profitable online business takes effort and direction. Most of us get caught up in the “quick rich scheme” and hope to generate large amounts of money without real work. It is true that online business has more benefits than a brick & mortar, but this should not shadow the amount of effort and work. Making $10,000 a month is great but let’s start with goals that are reachable and then scale up. Therefore, it is imperative to keep the Ambition inline with Realistic Goals and Building An Online Business
2. The Frustrations – Death of Hope
Not having measurable goals is a recipe for disaster, escalated Ambition that is not governed by realistic goals is going to breed frustrations. The best method would be to create a timeline with a list of things to do. Remember, you put in 40 hours a week at your job, you need to start buying time for your business, start small – 2 hours a week. The goal in this phase is not to get discouraged and give up.
3. How to Measure Productivity
How to measure productivity reflects where you are putting your focus and effort on. There are various performance measurement techniques, the most important one is to implement the effort. It so important to set a ” weekly work schedule for your business” Once you have outlined your goal for instance, (replace a bill) it is important to have a weekly objective. As notated before there many performance measuring tools, the SMART strategy enables me to keep track of my progress.
Specific – goals enable you to be focused, too many goals you may end up being overwhelmed and worse, lose interest.
Measurable – once a goal has been identified, it is best practice to measure your progress. Set a plan for instance, how many hours can you work towards your business each week and list out tasks to complete.
Action – you need to act, implementation is the force behind success. Keep feeding your vision for it to gain strength and become a reality.
Realistic – in the world of internet marketing, many seek rich quick schemes. Be realistic with your goals, making $10k a month may be overwhelming, start by replacing a singular bill, for instance, try to pay your car payment with your online business, once that has been accomplished, aim to increase your earnings and add another bill.
Timeframe – making money online takes time. Take into consideration how many hours you are putting into your business, what income stream is it and be patient with yourself as you start to master the fundamentals of making money online. Read more Qualities of Successful Entrepreneur
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4. Step 1 – SMART Strategy and Your Goals
|Specific||Replace one bill with extra income, for instance, a car note|
|Measurable||How many steps do I need to complete for me to have a website published|
|Action||Doing the work, for instance, creating the website|
|Realistic||Aim for reachable goals, for instance, replacing one bill in two months, then add another one|
|Timeframe||One month to have the niche and website created|
5. Step 2 – Breakdown of Your Work Schedule
|Week 1||Introduction to Online Business|
|Week 2||Choose a Niche|
|Week 5||Learn how to Write Content|
|Week 7||Create a Website|
|Week 9||Publish your Website|
|Week 11||Learn how to Drive Traffic|
|Week 13||Track and Adjust Your Campaign|
6. Action, Patience & Success
Action – any form of progression, is achieved through the movement of action. The future belongs to those who challenge the present, dare to dream and ACT.
Patience – let patience override your challenges, in due time, you will soon harvest the produce of your hard work.
Success – always learn with an open mind and measure your success with realistic goals.