Mike Long

Mike Long is the publisher here who enjoys feasting upon the diverse smorgasbord of work / life. Currently, he is a blogger, list builder, marketer, author, philosopher, loner, aspiring Hypnotherapist and hot dog cart vendor.

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Have an “Internet Marketing Business”? Take Those Words to Heart

July 20, 2012

Paul Forcey is about to release a great product called “Things I Have Learned in the Past Year”. The non-flashy title should be your first indicator that this is something a little different.

And it is.

Paul let me read a “not quite ready for Prime Time” version of the report, which was complete but still needed a bit of editing and formatting. But it was the content that really stood out for me.

Even though Paul has made his living online for a number of years now, he took a job with a CPA firm about a year ago in order to be around people a bit more. (Internet Marketing can be a lonely business.) Doing so gave him the rare opportunity to see IM from both sides – first as an individual, sole proprietor, then as part of a team responsible for programming, graphic design, SEO and more.

It’s those insights that make Paul’s report so good. But my biggest takeaway was something that Paul touched on at the end of the report, but it really hit home for me.

I’d like to expand on that a bit here.

As I’ve mentioned elsewhere, I’ve was fortunate enough to make my living online for a number of years. But I’ve always struggled to fully understand why it all fell apart. I knew at some level that my income streams collapsed, and I couldn’t stay focused on one money making method long enough to rebuild, but over the past 6 months, I’ve really been digging deeper to try and find the root cause.

The next to last section of Paul’s report is titled: “You are in business”.

In it, Paul stresses that you must treat your IM endeavors as a business – no different really than opening up a storefront in your neighborhood. It struck me that I had never really done that in the past.

I had recently come to the realization that I was mostly lucky during my best years online, but after reading Paul’s report, I decided to put that to the test. I went back and, as best I could, reconstructed how many hours of real, honest work I put in from 2003-2009 to earn the money I did.

To say I was stunned at the result would be a massive understatement.

My best estimate is that, from 2003-2009, I did about 300 hours of actual work on my successful projects.

If you’ve done the math, you already know that I did a little over 40 hours of work per year on my successful projects. That works out to about $1,000/hour.

No wonder I’ve had such a difficult time adjusting to the new reality! I was so lucky and fortunate to have made the money I did during the time I did. Those days started disappearing by 2008, but I couldn’t adjust with the times.

I never saw internet marketing as a business.

I finally get that now. I also ignored the marketing piece of internet marketing. To do this business right has always required more than seeing how many automated tools you could use to generate links. In order to build a successful authority site (which I’ll be doing in 2013), it’s essential that you market the site using all the various means at your disposal.

I’ll take more about this in depth in future posts. Suffice it to say that the offline world and the online world are becoming increasingly parallel in how to successfully approach them.

I’m not sure I would have made any of these distinctions if not for Paul’s awesome report.

Go here and pick up your copy today.

Tags:
Category: Business, Marketing
Comments (6) Add yours ↓
  1. Andy

    The fallacy I see is that people think Internet marketing is a business model. The reality is people never define their business.

    Internet marketing is one of the methods used to promote a business. To make Internet marketing a business model, you need to find businesses to promote.

    So ask yourself: What is your business?

    August 10, 2012 Reply
    • Mike Long

      Andy,

      That’s 100% true. And I have been guilty of it as well for a long, long time. It’s taken awhile, but I finally understand that internet marketing is just that – MARKETING. It’s a methodology used to promote yourself, your business, your brand, or all of the above. It absolutely is NOT a business model in and of itself. I think that’s where a lot of people veer off course.

      August 10, 2012 Reply
  2. Chris

    Hi Mike,
    It seems like an universal fallacy that most of the IM people try to make money instead of earning money….a big difference in attitude and personal effective methods………
    Thanks, Mike, for your viewpoint and commentory ,very much appreciated.
    Chris

    August 10, 2012 Reply
    • Mike Long

      Thanks Chris!

      Apologies for not being able to respond sooner. My day job has blocked the IP address this blog resides on, so I’m not able to access it from there. Apparently they want me focused on doing their work on their time. Go figure. :)

      It’s taken me YEARS to learn that lesson. My goal going forward is to attempt to educate as many people as possible and (hopefully) shorten their learning curve. I just need to get my act together now and figure out exactly how I’m going to do that! :)

      August 10, 2012 Reply
  3. Ben

    Nice post Mike. I think the fact that IM is lonely is something that’s not spoken about very often.

    After quitting my job in June last year I thought working at home would be the bees knees. It was for a while and then I started getting very lonely and found it difficult to stay on task and I didn’t enjoy it as much.

    I actually went back to my job in a part time capacity in July which I never would have even contemplated doing a year ago, but I really found that I missed some structure (not to mention friendship and physical activity) in my old job.

    I’m certainly not going to stay at the old job for ever but for now, it provides a nice balance and a way to put more cash into my home business.

    August 13, 2012 Reply
    • Mike Long

      Hi Ben!

      It’s absolutely an under-reported challenge of working online. I got into this so early on, that we were kind of the first generation of online income earners, and became the guinea pigs for things like this.

      To be honest, it was my downfall.

      Once my loopholes started closing, I didn’t have anyone to talk to, or strategize with, to help me pull out of the spiral. If nothing else, we really need others out there to boost each others spirits on the bad days, and offer up fresh ideas when we’ve thought ourselves into a corner.

      I’m hoping to delve into this more deeply in a future post.

      August 14, 2012 Reply

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