Mar 11 2009

How To Work Less and Earn More By Leveraging The Synergy Between People And Technology

Synergy Between People and TechnologySeveral years ago when I was managing BetterEdit, my proofreading company that I sold in 2007, I was knee deep learning from Rich Schefren, taking his Business Growth System course.

Rich launched that program on the back of his most successful report to date, the Internet Business Manifesto, which featured the now famous flow chart of what an Internet entrepreneur is supposed to do if he or she wants to succeed online. If you haven’t read the Manifesto, I strongly recommend you do so as soon as possible, it’s still one of the most crucial reports on Internet marketing as an entrepreneur ever written.

After reading the Manifesto it was clear I needed to make some changes, so I joined Rich’s coaching program and began going through it. The premise of what Rich teaches is the idea that no person can realistically ever get to the point where their business looks after them, rather than they look after their business, if you do everything by yourself. Rich took this idea a lot further than just outsourcing, and sees business as a machine that can be completely automated.

At that point in time BetterEdit was doing well and I did have Angela, my admin/customer service person looking after most of the day to day emailing for the business, which is the main workload to keep it going. This was great, but as a result of thinking so much about automation and studying Rich’s course, I was interested in possibly using technology to further systematize the operations and gain more leverage.

Using Software To Automate

BetterEdit has a very simple job flow process. A client submits a paper and makes payment, the admin person assigns the job and forwards the document to an editor. The editor completes the job and returns to the document to both the admin and the client. Various emails flow back and forth if there are problems, but generally that’s the basic process.

One of the key weaknesses of the system I had was no affiliate program. I saw huge potential if I could find a way to pay a commission out to websites that referred jobs to the business. Besides manually tracking things, which would be a nightmare, I just couldn’t do it.

The answer to the affiliate issue was to create some kind of software that would handle the job process, including payments, so we could automatically track affiliate referrals and credit commissions for jobs completed.

I had to be careful because between paying editors and admin, the margin on jobs wasn’t massive. This wasn’t like an information product where I could pay out 50% commissions, I’d have to be careful. This was another reason where I saw software as a help as it could reduce the amount of work admin did, meaning I could incentivize affiliates with a higher commission.

With a software system in place, including an affiliate program, I could get out there and recruit an army of websites to refer customers to my business. I liked this idea because by then I was getting pretty tired of heading out to campuses to put up posters to promote the service, although I was starting to outsource this job too (my mind was constantly thinking about how I could work less without reducing my income).

Realizing Your Concept Can Be Tough

It was clear that software could be the automation answer, so I scheduled a meeting with a local development firm and sat down with them to talk about my plan.

Read the rest of this entry >>

Feb 8 2007

Why A Preeminent Business Is Superior To Money Making Opportunities

When I first started Entrepreneurs-Journey my business was not a stable source of income, nor was I confident that it ever would become one. I constantly searched for other ways to make money online. As a result of my desire to stay updated with Internet business, I was exposed to many different money making opportunities and people who were enjoying tremendous financial success online, many of whom I blogged and podcasted about.

When I first read that Darren Rowse was earning $14,000+ USD monthly from Google AdSense for his work blogging in 2005, I thought I could do the same. My blog had some traffic – I could start some more blogs too – and I probably knew more about the Web than Darren did at the time, so I slapped some AdSense up to see how I would go. After a few months of earning about $10-$20/m I removed Adsense and realized that perhaps that was not how I was going to get rich.

Later I read about Daryl Grant, who with her husband was earning a quarter of a million $USD per year by creating ebooks and selling them online via Google AdWords. I interviewed Daryl in a podcast and she kindly let me join their coaching program for free. Thanks to the details they revealed in the podcast and with their coaching program, I thought for sure I could make a go of replicating their success. I certainly understood all the pieces that go together to make the system work, I just needed to set out and do it.

My friend Will Swayne and I arranged weekly meetings to get our ebook business going. After two meetings it was clear to both me and Will that we were acting divergent and spreading our resources across too many opportunities. Will and I both had start-up businesses, which were still embryonic, yet we were devoting time and headspace to something else. It didn’t work, and we quickly ceased our attempt at making money from ebooks to focus on our core enterprises.

Unlimited Opportunities

Over the many months I have published content to this blog, I’ve studied, researched and featured a host of opportunities, including -

Read the rest of this entry >>

RSS
Subscribe To Entrepreneur's Journey
  • TwitterCounter for @yarostarak

Subscribe to my blog and get a bonus copy of my book - "How To Start An Internet Business & Make Your First $1,000 Online"

Blog Sponsors
Global Resorts Mastermind30 Day MarketingAdvertise SpaceHow To Sell Your eBookHuman RewriterWordpress eStoreBlog ApperOur Internet Secrets
Follow Yaro on Twitter
Recent Video Post

Make sure you look out for Laura’s cat – she features in this interview too.
Click here to download the audio-only MP3 [ 54 MB ]
This interview is a great story, which for many online entrepreneurs will seem very familiar – as it was for me.
Laura is young, but she’s not young in terms of how [...]

Recent Flickr Photos
Blog Sponsors
Advertise Here Square Banner
Recent Comments
  • Steven: Yaro Thanks for this post. This was actually a perfect post for me as I am planing to lauch a product in the next co...
  • Isara Foundation: Thanks for the advice. We've now installed the widget on all our pages and we're currently at about 1 million. Hopefully...
  • Nick Morton: Hi Yaro, Thanks. I enjoyed reading this. It struck a chord with me as I 'go deep' on product sales (not information). Tr...
  • FitRosie: Hi Yaro, you must not have tried TM. It's so easy & only takes 20 mins twice a day. I look forward to it, no effor...
  • Jarrod@ Optimistic Journey: Great Post Yaro! Personally I prefer the vertical method. I place value on building relationships, helping people, and c...
Recent Podcasts
Learn how to make money from blogging

Learn how this blog makes $10,000 per month, attracts over 5,000 daily readers - All from just two hours of "work" per day!

Subscribe Form

Your information will not be shared with any third party.