In the digital world, it's crucial to understand the value of your time and efforts. If an activity generates a sale annually and its cost is less than the profit from that sale, it's worth considering. This principle is part of a successful marketing strategy: explore every opportunity and constantly innovate. However, it's equally important to prioritize activities that yield the highest net profit with the least time investment. This article will guide you on how to determine your hourly worth and use it to maximize your online earnings.
To determine your hourly worth, ask yourself two questions:
Divide your desired earnings by the number of hours you're willing to work. This calculation gives you your hourly worth. Treat this figure not as a wishful thinking but as a reality. Consistently value your time at this rate, and eventually, the world will have no choice but to agree with you.
When making investment decisions, such as buying a new computer, consider the following:
Apply this process to online marketing as well. For instance, ask yourself, "Is the net profit from advertising with a certain platform more or less than my hourly worth for the time I spend creating and placing that advertising?" If the answer is "yes," proceed with the advertising. If the answer is "no," reconsider your decision.
If it takes you an hour to clean something and a maid can do it in less time and better, it's more cost-effective to hire the maid. This allows you to spend that hour earning more than what the maid charges.
Limit the activities you personally engage in to two categories:
Ideally, the activities that make you money should also be things you enjoy. Eliminate everything else that doesn't fall into these categories.
By understanding your hourly worth and making decisions based on it, you can maximize your online earnings. This approach requires consistency and a refusal to settle for less than what your time is worth. With time, this strategy will pay off, leading to increased profits and a more efficient use of your time.
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