THE GRASS IS GREENER… OR IS IT?

These past two years I have witnessed people jumping from one referral marketing company to the next. Sure we are living in unstable economic times and a lot of the movement is because companies are breaking promises or missing bonus checks or even worse have gone out of business.  But even still, people are leaving by the droves to what they think is going to be a better opportunity.

So many people are looking to hit a home run their first time at bat. If you consider this analogy you are more likely to hit a single or even strike out then to knock it out of the park. In sports, games are won by small successes. The same is true for anyone who is striving to hit a personal or business goal.

We all have heard the stories of someone who starts a business and makes six figures their first year. Sure that would be a great goal and maybe a possibility depending on what your business is, but I would not measure your success on that.

Consider this. How many years of education and working at your primary career did it take to make your current income? What has been the percentage of increase on your annual earnings over the past three years?

The point I am making here is that we expect jumping into a new business should somehow produce quicker results. I can understand you wanting to leave something if you are not happy, and to keep working at something that you are not enjoying or is not working for you would be foolish. But too many people quit before they figure out how to get their business to the high income levels.

Let’s take a look at this from another perspective. Wouldn’t you agree that if you made $100,000 your first year in your new business most people would say that you did very well?

Of course they would….

So here is another way I want you to look at those small income increases.

Let’s assume that you are developing a second source of income over and above your current career. You only have 15 hours a week to devote to it. By the end of the year you are making around $500.00 per month. This is not bad but you keep hearing about these other folks “In that other deal” that are making $5000.00 per month or more after their first year. What you don’t know is the whole story. Most of these folks were working it as a full time career (40-80 hours per week) and had a very large sphere of influence to create that quick growth. 

That $500.00 a month that you are making is actually a very huge accomplishment. Let me prove it to you. 

Do you realize that you created the same Equity value as if you saved $100,000 dollars that year? Any savvy investor would tell you that if you are making 6% on your money in these economic times that you are doing pretty well on your investments.

If you put $100,000 dollars into an investment that is paying you a 6% return, that would create a $500.00 dollar per month income. So there you have it. If you are making $500.00 per month in your part time business, you have created the same results as someone who invested a $100,000 dollars at 6%

So  how are you feeling now?

My advice is to pick a product/service and commit to a 5 year plan. As the old saying goes, if it’s too good to be true, it usually isn’t true OR at least you don’t have all the facts!