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.
oÂ They collect good ideas from many places.
oÂ They gravitate towards RESIDUAL ideas.
oÂ They sort the ideas by their potential and relevance to their goals.
oÂ If possible they pay others a few dollars to test them.
oÂ If an idea works they pay a little more to ramp it up and launch it.
oÂ They monitor results and continually add new streams to the list.
oÂ 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…
oÂ I don’t run my own eBay biz any longer.
oÂ I don’t put my newsletter together (I do write it though).
oÂ 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:
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