My Ramblings About My DOT Com World
One minute=$35, How Many Dollars Do We Waste
“Time is Life”
This statement alone is enough to realize what we waste from seconds and minutes for nothing generally.
Sometimes we suppose that we are consuming our time the best as it can be but the truth is we are spending it on nothing, and that’s an important thing to internet marketer.
If you started working without putting time boundaries then you will lose precious hours in internet surfing imagining that you are working and producing. If you didn’t plan to how to use a minute in your time then watch out for the long hours you will consume on rubbish routine work with no value at all.
Most of the internet marketers work from their home, if they didn’t realize that they have to put clear boundaries for their time then they will lose so much as they wouldn’t know if they are working or in their bedroom!
What about doing a simple calculation to know the real value of one hour from your time?
-Let’s suppose you have professional computer and tools for your business. ($2000 value)
-Let’s suppose you have bunch of domains, hosting plans and different services. ($500 value)
-Let’s suppose you have bunch of Ebooks and scripts for your business. ($500 value)
-Let’s suppose you have monthly expenses $500*12 months=$6,000 annually.
-Let’s suppose you have a total online income of $1000 monthly*12=$12,000.
-Let’s suppose you want to make $50,000 annually.
Add all these numbers and any other expenses to get the value of your business, the value of the above = $71,000.
You work hours online daily is 7 hours*6 days a week*4 weeks in month*12 months in a year=2016 hour.
The value of your work hour of your business is about $35 ($71,000/2016 hours).
If you really understand what I said above, I think you will start planning for your time and business more seriously than ever and started to concentrate more and more on activities that really bring money instead on rubbish and going to consider the following activities.
Compare between these activities you should do:
-Designing your site.
-Creating content to site or creating a product.
-Modifying and editing your already made sites and products.
-Marketing and generating traffic for your already made sites and products.
-Reading your emails.
-Answering phone calls.
-Surfing the web to learn from your competitors.
-Surfing the web searching for affiliate program.
-Surfing the web without goals.
not all of the above activities have the same priority and based on that I shouldn’t waste my time on activities that wouldn’t bring me money as we just know that our hour=$35.
You can lose an entire day in surfing the web with no goals at all, just reading the emails and chatting with your friends or people who don’t appear that they are interested in your product or site.
The problem (in my point of view) is imagining that you are working and producing, there is no doubt that some of the above activities are important but it can’t take too much time, you should concentrate more on effective activities like:
-You will make a day or more monthly or weekly for planning for your business.
-You will take 3 hours each day in creating your product or your new site, that is the product you are going to sell or the site that will bring you money.
-You will take 2 hours each day for marketing and generating traffic for your readymade site or product to get more potential visitors or customers.
-You will take an hour each day to update your readymade sites to keep your visitors and make them loyal to you.
-You will take an hour each day for routine work (emails and phone calls).
Your work hour = $35 if you have high expectations and want to make $1,000,000 annually then the value of this hour will increase to $???, you calculate it, I taught you how to do it..
Plan your time as you want and give priority for activities that brings you money and don’t waste your time
P.S in the next blog post I will continue explaining CPA and how you can profit from it like I’m doing now
September 6, 2009 - 8:38 pm
Hey Mohamed
Great post, really good and concise timeline material. Yes, I think this is one of the best posts I have read in a long time. Keep up the good work.
Enjoy
Glenn
September 7, 2009 - 12:16 pm
Hi I’m Trevor
Twiter ID: Trevor_T_Jones
I am a student of Alex Jeffreys I have been looking around at fellow students blogs and came across yours. Definitely one of the best. I felt I had to leave a comment because your blog is simply, so inspirational and informative, It has given me hope and ideas to better mine.
It is so clean and fresh looking. I am always worried I overdo it myself, to much content you know. Your blog is just right. I would appreciate if you would pass comment on mine just to confirm I haven’t overdone it. On my blog I am doing a theme on successful internet marketers. Really like to know what you think as I am pretty new to all this layout stuff. I hope one day that I can write about your internet success. Keep up the good work
Rgds Trevor
PS my blog http://www.trevjones.info
Hey maybe we could follow each other on twitter.
September 10, 2009 - 6:29 am
Mohamed,
Great post about the value of time. Its’ just so easy to not place a value on it these days.
But you certainly have put it into a great perspective.
We’re only on this earth a very short while and so I for one am going to make my time count more.
Thanks,
Rob
September 13, 2009 - 2:34 am
Thank you, Mohamed,
I’m a world class procrastinator unless there’s a itemized to-do list in front of me; by putting a dollar value on each hour I spend in “busy work”, you have lighted a fire under me. Again thank you and keep up the good work. This is great stuff!
Erlyne
September 13, 2009 - 5:26 am
Thanks all for your wonderful comments and support
September 21, 2009 - 6:59 am
Mohamed,
Concur with our friends’ previous comments. Itemizing the investments we’ve made and yet not realizing how much we waste when we waste time should be a shocker-shaker!
Keep up the good posting,
Jose
P.S. I’ll go through your CPA series, that’s interesting too.
October 5, 2009 - 1:02 am
Mohamed
Great post, really useful to break it down and work out what our time costs us. Makes it all that much easier to decide wether to outsource or undertake the tasks ourselves!
Keep up the good work
Tom
December 20, 2009 - 8:34 pm
@Jose and @Tom thanks for your comments and let me know if I can help you in any matter