You can want to do the right thing, and you can even want to do it for the right reasons. But if you don’t apply the right principles, you can still hit a wall.
Goal setting is a powerful process. Stephen Covey calls it, “the manifestation of creative imagination and independent will.” Setting goals is the first step in planning your success.
Goal setting is the practicality of “eating our elephants one bite at a time,” and of translating vision into achievable, actionable doing.
Here are three vital questions you must ask yourself: What? Why? and How?
1. What do I want to accomplish? What is the end I have in mind? (i.e.earn an extra $1000 per week, per month…)
2. Why do I want to do it? i.e. To pay for my child’s college education, buy a car, go back to school. You have to decide the “why?”
3. How am I going to do it? What key principles will I need to achieve my goals? What service or product can you provide that the marketplace wants or needs? What problems can you solve?
Once these three questions are answered you can begin the planning process toward actionable steps.
I want to make money online is not a goal! That is a wish…
A goal must be specific in nature. It should be quantifiable and time bound. Here is an example. I want to earn $500 each month beginning in the next 90 days. The $500/month makes it quantifiable. The “per month” and the 90 day time frame establishes a framework that is achievable.
I am going to fast forward here for a moment.
What will it take to earn $500 per month? Let’s examine this further. Let’s say you’ve selected an affiliate product that pays a commission of $47. If we break the process down it might look like this:
$500/month/$47 = 11 Sales
11 Sales/4.3 weeks = 2.5 sales/week (3 sales)
If the conversion rate is 1% (meaning that for every 100 people who visit the “sales page” you make 1 sale… You need to drive 300 visitors per week to the site.
300 visitors x 1% Conversion Rate = 3 Sales@$47 = $141
From this simple process map we can see that your #1 Priority would be to DRIVE 300 Visitors To Your Affiliate Link every week.
We’ll talk more about traffic in future posts, but right now, grab this resource:
48 Hour Action Plan – 10 pages.
To you success,
Bob Coleman
P.S. I’ll post Next Lesson In A Couple of Days… How To Monetize Your Online Business
