THE HABITS AND MINDSET OF A MILLIONAIRE ENTREPRENEUR

A typical millionaire Internet marketer has certain habits and mindset that ensures their consistent success. For these entrepreneurs, success is not coincidental. These habits or mindset may be gained innately or by developing them through training and self development.

Below are just three of these habits or mindset.

Time is extremely precious to the millionaire online marketer

The millionaire online marketer is always guarded with the use of his time. In almost every single activity that he is engaged in, he will analyse either deliberately or mentally how effectively he is using his time. Many millionaires will have an estimate of how much they are worth per hour and set goals around increasing their value per hour. This is the reason why successful Internet marketing trainers, for example, charge high prices to deliver training. As they get more successful and people make more demands on their time, they charge even higher prices.

They also split up their days into revenue and non-revenue producing times. Non-revenue producing times are usually late at night, where they afford themselves the treat of actually watching television for example. Revenue producing time is when they are hard at work, either growing their business or helping others do the same. Even their personal development is undertaken in their non-revenue producing time. This implies a high level of planning and organising on their part. They are very consistent and persistent and in control of their actions and words. If you ask an online marketing entrepreneur for help or have a chat with him, he is likely to bring time into your conversation. Do not be surprised if he asked you something like, “what can I do for you in the next minute?” He is probably in his revenue producing period and you are infringing on his time.

Making Money is not enough

The common mistake of new Internet marketers is to be seduced by the amount of earnings they could potentially make with an online marketing business. This is simply not good enough for the millionaires in the industry. They are more interested in profits. For them managing the money they make is what really counts. They are always looking at ways of improving their returns for every $1 spent.

Helping others make money is very important to them as well. This is the reason they are likely to spend the bulk of their time with only relatively few members of their teams. These are the members who they have identified as demonstrating the habits and mindset required to be successful. In online marketing, the success of these team members means residual income for the millionaire, so that is all the justification they require.


They are psychologically unemployable

This is a very important mindset in online marketing. The majority of the success stories in online marketing will tell you they fired their boss before striking it rich and spent the next couple of weeks or months questioning their own sanity. However, they have the mindset that failure is not an option in their business and will do whatever it takes to succeed. They use the fear of going back to work for somebody else as motivation to succeed. In their minds, quitting and returning to work is one of the worst things that could happen to them. The strength in potential adversity drives them on.

The millionaire habits and mindset can be developed but it requires a lot of focus and discipline. Good planning and organising skills are also required as well as total respect for time and money. They develop a loathing for working for someone else that drives their success.

CREATING YOUR OWN REALITY IN INTERNET BUSINESS

There are a lot of claims and counter claims relating to the perception of internet marketing. Some people claim the majority of these business opportunities are scams and should be avoided in favour of brick and mortar businesses, while others believe the high six figure incomes are easily achievable. The truth lies somewhere in between. However, that truth is not the same for everyone and depends on our versions of reality.

My reality is that high incomes are achievable but not easily. It requires me to be patient, persistent and consistent in order to achieve my goals. I am conditioned to believe that there will be frustrating times when it feels like my business is not going anywhere and that I must not quit at the first sign of a setback. In my world, I believe failure in internet marketing is mainly due to the internet entrepreneur not doing whatever it takes to be successful. My reality has also ensured I am confident of achieving anything I set my mind to.

We all have our realities. If there are six billion people in the world, there must be six billion different realities. Some may be similar but no two will ever be the same. For the people in poor developing nations for example, their reality is a life of constant struggle, where they may believe education is a privilege and not a right. In Western nations, the reverse is more likely true.

The beauty about realities is that it is not fixed. We could opt to change our realities at any moment. This involves challenging our beliefs and gradually changing them. To be successful in internet marketing, the buck must stop with you. If you believe you are fine but it is just the system, your sponsor or your team members that are causing you problems, you are bound to fail. Develop a mindset of always taking responsibility. If you believe your sponsor is not offering you enough support for example, instead of blaming him, consider how you could change the state of affairs. Do you need to contact him more regularly instead? Are you following the system or are you just doing your own thing? If your team members are dropping out of your business like flies, consider whether you are recruiting the right calibre of people in the first place. Are you offering them enough support?

One of the main realities that is important for the success of your business is believing you are a successful entrepreneur. If you do not believe this, then pack up and go home. Your reality reflects the way you see yourself inside. If you believe you are successful, your actions will be those of a successful person meaning you will spend more time with successful people, you will undergo self development training, and you will persevere until you get the breakthrough and so on.

The people that claim the six figure income are easily achievable in internet marketing and go on to achieve it are those who have probably done it before or who are supremely confident in their abilities. Those who believe internet marketing claims are scams are most probably those who are conditioned to believe that internet marketers are offering get-rich-quick schemes. They are not. Internet marketing requires a lot of hard work but unlike the brick and mortar business and traditional employment, the rewards could be high for relatively low investment of time and money, if you apply yourself correctly.