Time vs. Money vs.
Previewed from Aaron Danker's blog It's a dilema.. time versus money versus energy..
The more you attempt to save and do things yourself, the more of your own energy and time your using. Likewise, the more you invest or outsource, the less time and energy of your own you need.
Which is most important to you in whatever you're doing, it could be in business life, or in your personal life?
The more you attempt to do things for yourself and entirely by yourself, the more days will pass you by along with you feeling drained and burnt out. You won't be turning a profit yet because you're too busy working.
When you get others to work for you, your time becomes more productive, you get more done and your energy levels will be high. The only time spent will be the time managing and checking on other's work. You still won't be turning a profit yet, in fact you're already in the minus, but you're already in a better position for launch i.e. promoting your product.
If you're still going solo, the launching phase of your product will come much later and when that time does come around, you're already fustrated and tired and most likely would want to take a long break before hacking away at it again...
Allow me to present the time - money - energy diagram...
The questions you should be asking yourself when you attempt any online / offline venture are;
How much is my time worth? - If you make $10 an hour, then a job that can be outsourced for $5 an hour is worth your time. Therefore it is worth going ahead. Alternatively if the outsourced work is worth $20 an hour but requires a specialized skill, then you have to consider the time required if you were to attempt it yourself. Even then, will it be up to the standard that you want it to be? Why try something that you can only get a B grade at best on when someone else can do it for you at A+ grade in less time?
How certain am I that I can make my investment back? - Outsourcing work or paying for a tool or software that will speed up the process, or just make things easier should never considered a risk. If you know your market well enough and know what sells and what they're after all you need is the finished product. If you're working blindly then you're guessing.
Having a mailing list in the internet marketing niche for example means you've already got potential customers at the ready. If you had a product for them that will solve one of many of their problems, how much do you think you could make? Also consider how many times you will be able to sell the product? Is it going to be a one-off or continuous with the aid of an autoresponder?
When you have this figured out you can then judge the worth of your investments.
How much energy will it save me? - You alone can only do so much. I'm willing to wager my car and house that the richest people on earth did not get to where they are now by doing everything by themselves. They all shared the same trait - to leverage off the work of others.
How long do you think you can go it alone before you tire yourself out, lose self-esteem or call it quits? When you stand back and have a look, you realize that there's still a long way to go..
When you have all the daunting tasks taken care of by others, you're in a better position to progress. You're ready to start spending valuable time promoting and networking with people because that's where it matter's most! Why do you think so many marketers spend so much time (and money) building their lists?
Thanks for taking the time to read this post!
The more you attempt to save and do things yourself, the more of your own energy and time your using. Likewise, the more you invest or outsource, the less time and energy of your own you need.
Which is most important to you in whatever you're doing, it could be in business life, or in your personal life?
The more you attempt to do things for yourself and entirely by yourself, the more days will pass you by along with you feeling drained and burnt out. You won't be turning a profit yet because you're too busy working.
When you get others to work for you, your time becomes more productive, you get more done and your energy levels will be high. The only time spent will be the time managing and checking on other's work. You still won't be turning a profit yet, in fact you're already in the minus, but you're already in a better position for launch i.e. promoting your product.
If you're still going solo, the launching phase of your product will come much later and when that time does come around, you're already fustrated and tired and most likely would want to take a long break before hacking away at it again...
Allow me to present the time - money - energy diagram...
The questions you should be asking yourself when you attempt any online / offline venture are;
How much is my time worth? - If you make $10 an hour, then a job that can be outsourced for $5 an hour is worth your time. Therefore it is worth going ahead. Alternatively if the outsourced work is worth $20 an hour but requires a specialized skill, then you have to consider the time required if you were to attempt it yourself. Even then, will it be up to the standard that you want it to be? Why try something that you can only get a B grade at best on when someone else can do it for you at A+ grade in less time?
How certain am I that I can make my investment back? - Outsourcing work or paying for a tool or software that will speed up the process, or just make things easier should never considered a risk. If you know your market well enough and know what sells and what they're after all you need is the finished product. If you're working blindly then you're guessing.
Having a mailing list in the internet marketing niche for example means you've already got potential customers at the ready. If you had a product for them that will solve one of many of their problems, how much do you think you could make? Also consider how many times you will be able to sell the product? Is it going to be a one-off or continuous with the aid of an autoresponder?
When you have this figured out you can then judge the worth of your investments.
How much energy will it save me? - You alone can only do so much. I'm willing to wager my car and house that the richest people on earth did not get to where they are now by doing everything by themselves. They all shared the same trait - to leverage off the work of others.
How long do you think you can go it alone before you tire yourself out, lose self-esteem or call it quits? When you stand back and have a look, you realize that there's still a long way to go..
When you have all the daunting tasks taken care of by others, you're in a better position to progress. You're ready to start spending valuable time promoting and networking with people because that's where it matter's most! Why do you think so many marketers spend so much time (and money) building their lists?
Thanks for taking the time to read this post!
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