One Step You Can Take Before Leaving The Wheel
Here I am, nearly one year out of the corporate wheel and now find myself in a completely different one.
The Money Wheel.
The Money Wheel is that wheel that keeps on turning, throughout your whole life. Think of it like one of those old water wheels, but instead of using water to drive it, imagine it being powered by your money.
And sometimes it’ll turn slowly and other times it’ll be hard to keep feeding it enough money to keep it turning.
So after a year of solid work, my online activities haven’t produced the sorts of monetary rewards all the self-help coaches and self-proclaimed experts alluded to.
You see after a year online I’ve learnt there is more money in showing people how to make money than there actually is making it yourself. And although they aren’t completely misleading you, in the short term this seems to be always the case.
An exception to this rule is if you have a tangible product that you can sell and it goes viral within days of its release. But quite frankly you have more chance seeing a unicorn than you getting picked in the random viral lottery.
Now I’m not saying it’s impossible but rather, there is so much more behind the scenes that need to be done, in order to make something go viral.
For example, as a bare minimum, you need a strong network of friends in the industry, or perhaps an active social media following if you expect to just launch something extraordinary popular.
The build it and they will come attitude just isn’t realistic in this overly saturated online world.
But don’t despair, there is still a pot of gold waiting for you at the end of the rainbow, however, it might just take you a little longer to reach it.
Although with another 3 billion people coming online by 2020, online is still the place you want to set up your base camp.
Bricks and Mortar are dying a slow death, although their facades suggest otherwise.
The numbers don’t lie.
So if you were to take one step towards leaving the wheel what would it be?
If I had my time over again, I’d be more active in online forums and would be building a strong social media following.
Trying to burn the candles at both ends when working 9-5 and starting a business isn’t actually that smart an idea. It’s a really slow grind at best, and you’ll likely to give up before you actually see any daylight.
However, building a social media following is much more realistic and can be achieved easily by just spending spare minutes in your day, commenting and engaging with others. And best of all you can achieve this by just use the wasted time during your commute.
However, you must break free from your circle of friends.
The world is a big place and most of its accessible online. Set yourself a goal of visiting, at least, one new website, or engaging with a one new potential follower per day. This will help to expand your circle and help to move into other people’s circles.
The more people that know about you before you take the leap into the unknown, the softer the landing will be.
I use to think spending time on social media was a waste of time, but I didn’t realise the potential of that very same audience. What I didn’t understand was you should use social media to grow your circles and not to simply connect with friends.
Anyway, I’ve got to get back to my alternate wheel of trying to make money to pay the bills, and I’ve decided that spending a month finishing renovations on my house before I sell, should net me another $10,000 (tax-free) in profits.
And $10,000 earned in a month is a reasonable pay day in anyone’s language.
So until then, all my ideas have to wait while I sure up my funds for the next year.
For the last 3 months, I’ve been distracted by living week-to-week so funds in the bank will make a huge impact on my output.
Then turning my money wheel will need much less day to day involvement from me.
How fast is your Money Wheel turning right now? Are you able to keep up with it?