85. Why You Need To Stop Trading Time for Dollars and Create a Course That Sells on Auto-Pilot

This month is all about automation, and creating courses is
actually a GREAT way to build an online business that sells on
auto-pilot. And the thing is, EVERYONE has something to teach.


What is trading time for dollars?


Trading time for dollars is when you're spending your days
working and your income is capped at however much you can output.
If you work 40 hours, you get X amount for those 40 hours and
then you’re capped. So literally, you are trading your time for
dollars. 


It’s not realistic to think that everything can be on autopilot
or that passive income can be totally passive, but we want to get
as close as we can. Once you reach the point of maximizing your
passive income, your hour can be worth $1000 vs. $50.


And you’re not just getting paid when you show up. You’re getting
paid behind the scenes with your funnels that are constantly
selling your content that is living on the internet forever.
There’s so much opportunity, but our goal is to get out of the
rat race and start being efficient with our time.


Time is your most valuable gift


Time truly is your most valuable gift and this is why I hate
hourly pay structures. With all hourly jobs, you show up for your
eight hour shift and that’s all you do. You get paid for eight
hours no matter how hard you work or how quickly you work. For
me, I want to make the most money in the least amount of time. I
want to be as efficient and productive as possible, making the
biggest impact I can in the least amount of time. Time is so
valuable and it’s something you can never get back.


Investing in business is not just with money, but we have to
think of the time investment we are putting in. If we’re only
focused on trying to build-build-build, and it’s taking up all
our time because we’re not being efficient and not looking for
the scale potential, that’s the same as trading time for dollars.
So, when we’re building an online business, the awesome thing is
that we can sell our content or services pretty much on
autopilot.


How can we do this?


The scaling potential is HUGE in the online space. One of the
reasons  I left the local space was that if I was going to
scale, my operating costs would be through the roof. Compare that
to an online business where your operating costs can be low and
your reach can be huge and impactful. Read
More...





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