It never ceases to amaze me how people think they can set up an online business and make millions in their first year without putting in any investment.
To grow any business you need to invest time or money. Or both.
Think about it.
You can either spend 2-3 years learning everything, making mistakes and trying over and over again to get something right and eventually get to where you want to be OR you can invest in some coaching or training and get there even more quickly. Or you can pay someone to do it for you.
None of these options are the easy option.
You could be waiting 2-3 years to see profits (and if you work out your monthly income that you COULD achieve this can sometimes be a really costly option - imagine if your expected average income was £10,000 per month and you waited 2 years to achieve this? Not hiring someone has cost you £240,000) which is not easy if you are an entrepreneur who wants to make a difference NOW.
Or you have to invest something now. If you invest in training its a 2 way investment, you are investing the money in the training course, mastermind, group coaching, 121 coaching etc AND then you have to invest the time to implement what you learn. It is a much quicker way than learning it yourself, but it comes with a money price tag.
The third option is to pay someone to do it for you. This is not my preferred option because I think its really important that you learn what you are doing with your business. Handing over all control to a third party is risky because it is out of your hands. It will also be the most upfront expensive option in terms of money. And remember, its your responsibility to give the third party EVERYTHING they need to complete the work, which is never as easy as you think its going to be.
I can guarantee you that none of you would expect to open an real world bricks and mortar shop with 0 financial investment and expect to be profitable in the first couple of months.
So why are there so many entrepreneurs who seem to think they can do this online?
I don’t understand.
It takes time and money to be successful.
If you have limited amounts of one then you need to be prepared to have lots of the other.
I’ve been running my own online businesses since 2003. That’s almost 14 years. And I still make mistakes, have months which are less profitable because I took a risk that didn’t play out the way I hoped it would.
I invested heavily in mentoring over the last 2 years. This year I am investing time. Lots and lots of time. Learning.