No public Twitter messages.
The year was 2001. Myspace was the website everyone was talking about. Most people didn’t know what blogging was. It was the perfect time to get online and make money. People were still figuring things out and the potential to make serious money on the internet was just getting noticed. I wish I could go back in time and talk to my younger self about the things to avoid. I would have a long talk about the business things I should definitely do.
Now that I am older, I look back at all things I wish I did.
1. Invest in Top level domain names
Purchasing domain names is like buying a houses without the huge investment. There were TONS of great domain names that were available back then. A top level domain name are domains like cars.com and boxes.com. One word, easy to remember with alot of search traffic. If you have one of these domain names. You can put a fairly decent site up, get it indexed in the search engines and have a ton of monthly visitors without doing any marketing. I could have put up a few sites with Google Adsense and made a bundle.
Then later on when I feel I need a sudden influx of cash, I could sell the domain names one by one.
This is guy bought pizza.com in 1994, in 2008 he sold it for 2.6 million dollars. All he had to do was pay the yearly fees to own pizza.com. Similarly, in 2006, vodka.com sold for $3 million.
Back in July, I had the wonderful opportunity of traveling to South Africa. It’s a beautiful country and I recommend you go there if you get the chance.
The beginning of the year I had all these plans to travel to different states. Florida, Atlanta and California. Going to South Africa was definitely not in my plans. However, the stars seemed to align to make this trip possible.
I didn’t start thinking about going to South Africa until May of this year. I had a friend who was returning there. When she left to go back, I said I have to go there.
Now prior to this the only countries I’ve visited outside of the U.S. was England and Antigua. And the longest flight was about 11 hours.
South Africa is roughly a 22 hour flight.
So I heard from the grapevine that another friend of mine was planning to travel to South Africa in July. After speaking with him, he offered to let me stay at his place during my visit.
So I hadn’t bought the ticket yet and I already had a place to stay I the foreign country.
Now the average person is not a salesman. They are just a guy/gal who love to talk about what they love. So how does the average person sell without knowing how to sell?
“Be like water my friends.”
Sorry, I just wanted to sound cool. Here is what you do.
1. Don’t sell. Make recommendations.
You will not succeed if you are known as the guy always selling stuff to people. People are really good at sniffing those kind of people out. You don’t want to be that guy. Don’t you ignore or hang up on telemarketers? There are online versions of them as well. Don’t be that guy.
Instead make recommendations. If you are writing a blog post about a problem that many of your readers face. You can show them how to solve the problem and recommend a tool they can use to help.
One of them is the security of consistent income. If you leave your job how can you continue paying the bills? A passive income business doesn’t happen overnight so what should I do in the meantime?
Even if you’ve saved up some money before leaving the job to focus on your online business, there comes a point when that money will run out unless you are able to add to it.
When Gary Vaynerchuck stepped away from running the daily operations of WineLibrary.com to start WineLibrary TV he had a starting point. He business was already profitable. He had the financial cushion to focus on his online wine show until it grew to what it is today. “The Internet’s Most Passionate Wine Program”
I preach alot about following your passion and going after your own online business. But after personal experience and seeing the apprehension of others, I understand there is only so much you can do in your business if you are worried about the rent and food.
So here is what you should do.
If you are currently working at a 9-5 job:
Don’t leave your job until you are matching your income.
Start working on your passive income business after hours. Hustle hard to get the business where you want it. And when you have a godo amount of income coming in you can easily switch “jobs”.
Work less hours at your job.
If you work less hours you are able to come home earlier to work on your business for longer. You may also be able to network more since you would have more time.
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