Thought for the week... Activity

Most of us focus on hourly wage....because we still think with a W-2 mindset.  We were all conditioned this way growing up and listening to our parents and/or educators.  In one way it's great because we can compare what we do with what any other job would pay.  If we make more, we stick with it.  If not, we may as well work at McDonalds, right?

Wrong.  We haven't mentioned the CONTROL we have over our lives.  There's no price to that.  We also have an unlimited upside to the amount of money we can make when WE control our time and efforts.

Most self-employed endeavors are back-end propositions.......momentum businesses.  We put TONS of time in on the front end (sourcing, listing, photographing, typing, etc) and reap nothing until an item sells.  Even then, most likely very few things sell......in the beginning.  But, as we build our inventory.......errrrr momentum.......we start seeing more results.  We can keep the momentum going and start seeing even more results.  This is now the busiest phase of our business...............and when most people take their foot off the gas.

But, if you want to reach your goals, you must power through this phase, mentally.  You must keep sourcing and listing.  You must keep pushing up front to receive the back-end benefits of selling while you sleep or eat or go to the doctor.  You have to keep your pipeline filled.

Think of eBay this way.....

Like a bathtub with a faucet and a drain.  The drain is how fast you sell (water draining from a tub).  The faucet is how fast you are building your inventory, and it's adjustable.  The faster you fill your tub, the higher the water level rises, in spite of some water draining out.  Once you turn off the water supply, your water level drops until your tub is empty.  Sure, it may take you awhile to notice, but that water level is always dropping.

To reap from a back-end business, you always need to focus on filling your tub FASTER than the water is draining out.

Happy Friday, all!