Six Figure Online Income Is Easily Attainable If You Do This

By: Jaz Lai
Submitted: 2007-01-17 16:23:29
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It's not uncommon to have my members to come up to me with their problems-

But it's common to hear from them that they are not making as much money in their internet business as they would like. They tell me they cannot figure out what's the problem and want my help on it.

Usually I can spot on and tell them what the problem is. Right before my eyes, most of them have turned into what I called opportunity seekers. They have too many websites going at the same time, unable to spend quality time focusing on any SINGLE business. So they've put 20 or 30 sites up, averaging a few hundred bucks every month, with most of the sites only breaking even.

Why most opportunity seekers won't make much money, and cannot achieve their financial goals?

It's to do with a common mistake they're all making. They invest their energies into many of their interests and thus created too many sites. It's a scatter-gun approach that fragments their focus. When your efforts are scattered, so will your dream of building a 6-figure income.

The Key To Long-Term Success Is Focus

You need to stay focused if you want to succeed in your online business. Which means you start with one idea first, make it profitable, then move on to your next interest. Lots of people today are plagued with the get-rich-quick mentality. Likewise, almost all opportunity seekers have this mental virus.

It makes them hop around furiously seeking the next big idea, wishing that success will find them there finally.

They are always the first to jump onto the next big thing. Always on the bandwagon from one month to the next.

First they will try focusing on affiliate marketing. Before long they'll abandon it and next, scoot over to adsense publishing, etc.

Opportunity seekers are attracted to where the crowds go. If they see something is working fabulously well for others, they'll want a piece of it. Which explains their wanton behaviour of hopping around all over the place. There are no considerations taken for their own innate talents, abilities and real interests.

They are usually looking for ways and means to make some easy money. A pureblood entrepreneur does not think in such a manner. But only opportunists do. Opportunity seekers are always the shortcut seekers. Often out of their realms and out of their depths. Then they wonder why most things don't work for them.

Things do not work because you are not focusing. You must focus. You must want to think and act like an entrepreneur. Focus is one vital aspect you must possess for success. For these newbies/ opportunists my advice to them is to shut down 29 of their sites. Focus only on one site, one that brings out your highest passion.

Then make the best of it. Fine tune it. Streamline your sales process. Make your system produce the success you are after. Only AFTER after this is achieved, are you allowed to move on creating your next site. Not before.

Building Width Vs. Building Depth Business

Do you have what I call a "building width business"? This is a horizontal business with sites spread out wide into many different range of niches such as hobby niches.

I have seen people who run horizontal businesses own up to 20 or more separate business ventures. However, I recommend having a vertical business instead. This vertical business has a depth structure, and encourages focus.

This means, if you do business in one particular niche, for example stock trading, then focus on selling products that are only related to that niche, nothing else. It means putting all your eggs in one basket, which creates a funnel effect. From this setup, you'll gather one highly targeted group of customers and you work to become a big fish in a small pond.

Doesn't matter if you have all your eggs in one place. You get to become THE expert egg layer, so to speak. And you get to watch like a hawk on all your eggs, until they all hatch with predictable success.

Does this make more sense to you?

Then what's the problem with a horizontal business? It won't make you specialized.

If you try this route, you'll find it next to impossible to make a six-figure income. Your business will suffer because you have to give time to all of them, and not enough time to any of them. Even John Reese can't do it, why make you think you can.

When you have a vertical business, you have fine-tuned your business so well competitors have a hard time keeping up with you. People can't compete. You also build a strong client base with satisfied customers.

But when you get a vertical business up, you'd have structured it so well that competitors find it very difficult to a one-up on you. They cannot compete. You get to build a solid and loyal client base as a result.

How To Think Like An Entrepreneur

Thnking like an authentic entrepreneur is the key. You cannot be jumping on the bandwagon circus. Don't be a shortcut seeker when choosing your niche. An entrepreneur thinks and visualizes over long term. You'd need to have a one-year, five year and ten year visions. Seek out how you want your business to grow over the long term. Get a big picture vision.

On a personal level, ask yourself this question: "What do I want to accomplish ultimately?" Next, you decide whether or not your activities in your niche vertical business will take you there. This will stop you cold from jump around, in and out of various programs. You will be able to focus on one program, one site, and one great idea. This strong focus is what will take you into the six figures bracket. Not your knowledge, your skill sets, your experience, etc. You need only to singularly focus.

Time to sit down and reflect upon it.

Quit the opportunity bandwagon circus. Then you have far better chance not being suckered by unsuitable and false money-making "opportunities".

This is a far superior approach. Yes, it takes a lot of energy. But its worth it. In the long-term it's much less tiring than diversifying your business.

What I have advised above is a far superior approach. It takes true thinking and much energies to pull it off. But if it's your ultimate reward, then it's worth it. In the long term, this will be much less tiring to run compared to running a diversified business. You can count on that!

But once you became THE expert in your niche or industry, diversifying can then be the next natural progression. Diversifying into another vertical business that is somehow related, would seem best.

Article source: Expert Articles