In order to understand fundamentally how the world works and how things move and interact with each other, you have to understand Physics. It’s the same thing for business – in order to understand it, you must break it down and try to figure out how each part interacts with each other. Luckily, there are laws for business like there are laws for Physics that can help us understand.
If you’ve been keeping up with my latest posts, I’ve been comparing Newton’s Laws of Motion to some things I’ve learned about doing business online. I’ve had a lot of fun with the first and second laws, and I’m excited to conclude with the third and final law today. Click to continue…
In my previous post, I presented my First Law of Business and Success, which again was the following:
“Any business in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.”
Basically, whatever state your business is in, it’s going to stay that way unless something happens. If you don’t have a business or business isn’t going well, nothing good will happen unless you do something about it and take action. If business is going well, your job is to make sure no negative external forces come by and change things for you. If you didn’t make the connection already, I’m using Newton’s Three Laws of Motion, but relating them to businesses (which include blogs, relationships, your job, whatever). A better title for this 3-part series may be: The Physics of Business. A nice book title if you ask me (dibs). Click to continue…
I thought this might be a fun way to get you to think about your entrepreneurial journey in another light. I hope you enjoy.
If you ever get stuck and want to give up, or don’t know why what you’re doing isn’t working out like you thought it would, think back to these laws and how they apply to you. Please note that when I say ‘business’, I mean your website, your online or offline store, your blog, your email list, your twitter or subscriber follower count, your love life – ANYTHING. Here is the first Law. Click to continue…
I started writing on eHow.com in November of 2008, a little over 7 months ago (wow, time flies). I went hardcore for the first month, writing a total of exactly 150 articles, and I just stopped. I planned on writing more as the months went by, but I had a lot of other projects going on, as you already know. So, I just let the articles sit.
I have continued to earn money via my 150 articles each month since November. I’ve even made an effort to include these earnings on my monthly reports, but they seem to get overlooked by the larger earnings from my eBook and Audio Guide. I’d like to highlight just my earnings from eHow from the last 7 months here for you (especially you eHow writers), just to show you what happened. I think it’s pretty interesting data. Click to continue…
Yesterday, I received an email in my inbox from an SPI reader asking for some help. He said it was cool if I posted our conversation on the blog for others to read, but he wanted to remain anonymous for some reason. I respect his request, so for this post – let’s just call him Joe.
(I’ve condensed and edited the conversation below to get the point across)
Joe: Pat, I need some help. I’ve been a blogger for a couple of years now. I’m a fantastic writer and I believe I have premium content on my blog, but for some reason I’m only making a few dollars a month from my advertisements. I see that just your Adsense Advertisements alone on your monthly reports pull in upwards of $2000 and more. What am I doing wrong? Why Can’t I Make Good Money Online? Any advice? Please be honest. I want to succeed. Click to continue…
Lately, I’ve posted a lot of “personal” stuff on this blog. I think it’s time to get back into business. Don’t worry though, you’ll see more about our new baby later on and how that will affect our goals and what I’m doing online to meet those goals.
A long time ago, I had a poll which asked: What’s the #1 Thing Holding You Back From Making Big Money Online? Again, here are the results:
The most popular answer: an idea (at 37.5%!)
That’s definitely a stopper. Without an idea, you can’t really do much else. My goal with this post is to give you a thought process you can use so YOU can find that idea. The thought process comes with three simple questions that you should ask yourself. Let’s go through them one-by-one. Click to continue…
I have a lunch meeting today. You could call it a business meeting, but I know the guys would much rather call it a Mastermind meeting. Sounds fancy, right?
We’re not plotting to take over the world, and it’s not about mind control – it’s essentially a meeting between internet marketers that we all use to learn from each other to help grow our businesses. I’ve been attending these meetings ever since Sterling (our group leader, I guess you could say), moved to San Diego and started it – 6 months ago. Click to continue…
Today I made a list. It’s a list of things I’m currently working on and projects that I could potentially work on in the future to earn more money. As you know, I have my LEED exam prep website, my iPhone app company, the Smart Passive Income Blog, and 5 other things that I’ve mapped out and have actually done some research on how much I would have to invest to execute them. I have 8 things on my plate that could potentially help me get to retirement sooner.
It’s tough to think about all 8 “projects” at the same time – I think that’s the problem I’ve had ever since middle school when we were first introduced to attending more than one class per day. I knew I had homework for Math, Science, English and Band, so I had difficultly choosing which one to work on and when. Yes, I would get everything done, but not one at a time. Usually, it was by working little by little on each. Click to continue…
When you’re trying to make an online presence, whether it’s on a blog, with a business, on a social network, whatever – there’s one thing you have to ask yourself about what you’re doing: what do you have to offer that makes you stand out from the crowd. Entrepreneurs that realize this, take advantage and showcase it, is what makes them become successful. In other words, they take what they know how to do and they “milk it”.
You don’t have to come up with a unique product, idea, or blog to be successful – don’t misinterpret what I’m trying to say. All you have to do is make sure there’s a reason why people should visit, read or buy from you. Do this, and you’ll get your followers, and beat your competitors. Click to continue…
It can be hard to stay motivated – not just with Internet Business, but with life in general. At one point in our lives, we’ve all said to ourselves: “I can’t do this”, “it’s not worth it”, and “I feel like giving up.”
Whatever “it” is that we feel like giving up on, whether it’s a project, a goal we’re trying to achieve, or something else – realize that all of those negative feelings are just a test. I view it as the Universe’s way of “weeding out” who can do what – putting these thoughts in our heads and only letting those who can overcome them succeed. You can succeed in whatever you want to do, you just have to find out how you best can overcome those “anti-success” feelings. Find out what motivates you, and let that be your way out.
What motivates is different from person to person. Maybe it’s a quotation. Maybe it’s a person. Maybe it’s just knowing that there are better things to come.
For me, it’s my family. I work hard everyday to make sure I can be with my family and support them not only financially, but physically (being present) and spiritually as well. Click to continue…
No, I'm not a millionaire, but I am living off of passive income made online. I'm here to show 
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