Today I’m going to ask myself a tough question and give an honest answer.
I’ll be pretending I’m a skeptical reader of this newsletter and I’m going to come right out and hit myself between the eyes.
Here goes…here’s the question…
“Jim, why do I keep reading your awful newsletter?”
Just kidding…that’s not the question. I’m just making sure you are paying attention.
Here’s the real question:
“Jim, how is it possible to pursue ALL of these great ideas that you put in your newsletter? Aren’t you just encouraging ‘shiny object’ chasing?”
Here’s my answer:
You’ll NEVER be truly successful as an entrepreneur of any kind until you learn and APPLY the power of LEVERAGE.
Leverage is THE key to the kingdom.
Here’s how successful “Multiple-Income-Steam” entrepreneurs treat all good ideas using leverage.
o They collect good ideas from many places.
o They gravitate towards RESIDUAL ideas.
o They sort the ideas by their potential and relevance to their goals.
o If possible they pay others a few dollars to test them.
o If an idea works they pay a little more to ramp it up and launch it.
o They monitor results and continually add new streams to the list.
o They treat their own time as the most precious commodity
While it is possible to do all of this yourself, it will take YEARS longer to get where you are trying to go if you take that path. It will cost you FAR MOREÂ if you ignore “leverage”.
I’ve been paying others to do most of my “work” for several years now. I’m committed to ONLY doing the things that ONLY I can do.
A few examples…
o I don’t run my own eBay biz any longer.
o I don’t put my newsletter together (I do write it though).
o I don’t do my own email support
My time is wasted on those necessary yet profitable activities.
I’ve also committed to pursuing opportunities that provide a residual return. I like to work a little now and keep getting paid long after the hard work is done.
The ideas I present in this newsletter are nearly ALL ideas that require minimal work on your part. They are all residual in nature. The “work” can be done by others.
Where can you find such help?
I’ve been learning a lot about the Philippines lately. You can hire full-time help there for pennies on the dollar of value. We have already hired some help from there and plan to hire a lot more!
Here’s a recording that will tell you all about it if you are ready to take hold of the keys to the kingdom:
http://www.offlinebiz.com/johnjonas.html
Leave your comment or question – click the comment button below!
Something I think that would have enormous value that people like us would pay for would be a member web site of the “Consumer Reports of Money Making Ideas”.
How it would work is to hire about ten or so of these PI people and hand them whatever money making product and let them go at it. An hour or so of their work day would be to update a blog on the member web site with the results of this money making product. Absolutely no affiliate links permitted on this member web site. Total impartiality. This would provide people like us with a *true* “Consumer Reports” review of these products.
Jim;
It seems strange to me that you would “outsource” your web and membership etc site work to the PI when there are many workers right here in this country willing and able to do the same thing. I know the cost is not comparable but supporting your own people first would be the correct thing to do. If not then arn’t you/we just adding to the economic woes here at home? Further as the programs take hold and become profit making ventures the income would be there to help even more people to become successful.
Thanks,
Terry C.
Terry
Hi Jim,
I have scene John Jonas online for some time. He is a contributor to MySilent Team Right?
He has put together a Great Program. One doesn’t need to buy in persay, even downloading his free report will give a lot of leads to search for a good outsource employee. And he sends out prospects that he has prescreened, that his subscribers can express interest in.
I intend to do a blog on this topic, outsourcing, as well very soon and I also had intended to recommend Mr. Jonas as well.
In response to Tery, I don’t think this is the same thing as the huge manufacturing industry where impoverished children and adults are put into shabby work environment and pay. So no, Jim is not adding to any economic woes. In fact, folks with a little smarts and initiative can find help with solving their own personal ecconomic crisis by launching one of the many Internet Business models that Jim has mentioned over the years and that are available within his membership site. In my mind, if I give someone a job in the PI then I am still helping someone to provide for themselves, in a country I know to be pretty financially strapped. Helping people anywhere in the world, not just our own countrymen, is a nobable trait.
Regards,
Jeromy
Everything changed for me when I discovered the power of outsourcing.
I find it hard to outsource my customer support though.
A last question: Do you still write your blog posts?
Franck
I have just started to dabble in outsourcing. I picked up my 4th small business client. I will be outsourcing the WordPress design and still profiting over $1000. Even though I can do the work myself, it’s more efficient (and profitable) for me to talk to more small business owners. I haven’t used PI’s, however, it seems to me using them helps the small business owners in this country.