Beyond the Biz-Opp Hype:
Your Action Plan for Real Entrepreneurial Income

By Tim Ikels

Last Updated: December 1, 2024

Tim Ikels - ProfileHey, it's Tim here...

Finding success and freedom as an online entrepreneur can be challenging.

Rich Schefren’s Internet Business Manifesto is a timeless guide to escaping the grind and building a thriving online business. It has inspired me to writing this article.

Let’s dive into the core lessons that can transform your mindset and unlock your true potential:

The Struggle: Why So Many Fail

Most internet marketers get stuck chasing shiny new “opportunities” without a real plan.

This leads to “Shiny Object Syndrome” - the repeat behavior of buying so-called shiny objects.

Shiny objects are the siren calls of the internet. They promise everything and give you just enough to keep you hooked, always chasing the next solution instead of buckling down to do the work.

This lack of strategy keeps them overworked, underpaid, and frustrated.

The Solution: Think Like an Entrepreneur

The Key to Freedom: Your Time

To build wealth, you need to understand the value of your time:

The Path to Success

Remember these essential principles as you build your empire:

Understanding Income-Producing Actions

Income-producing actions (IPAs) are the core activities that directly contribute to your business’s bottom line.

Every business has its own unique set of IPAs, but here are some common categories to consider:

Lead Generation & Sales:

Product/Service Delivery:

Customer Retention and Upselling:

Strategic Partnership Building:

Prioritizing Your Income-Producing Actions

Focus your most productive time on the actions that bring the highest rewards.

Here’s how:

  1. Identify Your Key IPAs: Look at your business model and revenue streams. What activities directly generate income for you? Be specific.
  2. Track Your Time: For a few days, meticulously track how you spend your time. Be brutally honest. How much time is spent on genuine IPAs versus less productive work?
  3. Audit Your Activities: Analyze which of your current tasks offer the highest reward and contribute the most to your goals.
  4. Delegate or Outsource: Can some of the non-IPAs be delegated to a virtual assistant, outsourced to a freelancer, or automated? This frees up your time for income-generating actions.

Extra Tips:

Remember: The KEY To Building A Successful Online Business…

...is ruthless prioritization of the actions that lead to real profits.

By focusing on income-producing tasks, you’ll create a powerful engine for growth and freedom.

Your Time is Now

The online marketplace is still full of opportunity, and this article reveals how to seize it.

Embrace a strategic mindset, value your time, and unlock the extraordinary profits and freedom you deserve.

Are you ready for a change?

Let me know if you’d like help applying these powerful principles to your business!

Best,
Tim