Category - self development

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How to Grow Your Online Income by Mastering $2.73 a Day

How to Grow Your Online Income by Mastering $2.73 a Day

Your first question I’m sure is: How can I grow my online income by focusing on $2.73 a day? Sounds like small potatoes. What about those promised 7 figure incomes so many programs tout?

The Psychological Barriers

Barriers to growing your online incomeIf you are making a seven-figure income online you don’t need this article and you’ve overcome the psychological barriers that hold many of us back from making the big bucks.

The fact is, when we see those big promises of making several thousand dollars in online income every month, besides many of them being scams, we don’t think we can make that kind of money. It’s not real to us. Hence what isn’t real to us remains outside the realm of our possibility.

In the personal development field, this barrier is often referred to as our money thermostat. T Harv Eker refers to this in his excellent book Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

Moreover, it doesn’t just refer to money, it can apply to almost any aspect of your life. Here’s how Mary Morrissey explains it:

There’s a “thermostatic setting” within each of us that governs how much good, fun, love and life we allow ourselves to experience and enjoy.

Therefore the first step in growing your income is understanding you. To understand how to make a thousand dollars a month you need to expand personally.

I know this isn’t an easy transition. You need to outsmart our internal thermostat.

“If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!”
Source: T. Harv Eker.

In the next section, I will give you some ideas on how you can do that.

Too Steep a Gradient.

Too Steep a Gradient

This barrier deals with our ability to conceive of something. It’s often why in goal setting you are told to chunk down your goal into smaller easier to achieve steps.

The truth is, ambitious goals can be as intimidating and demoralising as they can be inspiring and motivating. The secret to making them come to life is to break your big goal down into lots of smaller steps that will gradually get you to where you want to be – and focus on them. This is called ‘chunking’.

Source:  How to Chunk Big Goals Down Into Achievable Steps from Talented Ladies Club

By breaking down the unrealistic into smaller realistic steps we acclimatize ourselves to that larger vision.

 

How to Overcome Your Online Income Thermostat

Furthermore, when it comes to your online income it’s important to understand that in order to get to a seven-figure income you need to start at a much more attainable target.

When I trained to walk a half marathon, we started out small and slowly worked up in increments. If I’d been told that I needed to walk 21.5 kilometers the first day I would never have participated in the race. But because we started out at 4K and slower speeds and then increased our distance on our speed just a bit more each week I was able to finish my first half marathon and beat my own aggressive time target.

As you become more confident about hitting the target you set each day you can move your daily target up.

Of course, you may not have a seven-figure income in mind. Perhaps you just want to make enough to pay for the mortgage or to take a more expensive vacation.

It doesn’t matter what your end target is. (Though you need to have one). You need to chunk it down to something you think you just might be able to achieve.

To give you a dynamic example of this I asked Jon Olson for the link to his fabulous video on how two dollars and seventy-three cents can make a huge difference in your life.

Therefore, I invite you to watch the video and then put what Jon talks about into action.

 

:
This is one of my go-to training videos. People want that 7 figure income now, but we aren’t psychologically ready for that kind of income. Hence why we see so much failure in online marketing.
How Much Do You Want to Earn Online and Why?
This about you, and what you want to achieve and why.
I know I wasn’t taught goal setting in school. It boggles my mind that goal setting isn’t front and center in a typical school year.
When I finally started to set goals, my first attempt was a wish list of ten things I would like to have happened that year. The number of those wishes  I realized that year, convinced me I need to learn more.
I hope you set goals and write them down.
Here’s why:
Dr. Gail Matthews, a psychology professor at the Dominican University in California conducted a study of two hundred and six-seven people.
“…she found that you become 42% more likely to achieve your goals and dreams, simply by writing them down on a regular basis.
Result of Writing Down Goals
Now to the “why”.
Do you remember wondering, while attending school, why you were studying a subject?
I often asked why I should study algebra when I knew for my career path I would never use it.  And I never have.
Consequently, because I didn’t understand the “why” it wasn’t something I applied myself to. My grades were never that great in Algebra.
So when you do have a goal it is important to understand your “why”.
Why do you want to earn (fill in the blank with your goal) online?
One of my “whys” is to pay for my six-month-long winter escape to tropical Panama. This is a huge motivation for me because I don’t like the restrictions winter imposes on my outdoor lifestyle.
Your why drives you when the goal itself doesn’t.
Practical Application

First, take a minute or two to write down your eventual income goal.  Then write out your compelling reason why.

Start using a daily target sheet. Add your daily income target based on what you are earning now. Use $2.73 as your beginning target if you aren’t there yet. Then write that same target onto your daily target sheet every day. This really focuses you on hitting an income target. When you start to hit that $2.73 consistently, more your target higher.

 

For more on using a daily stat sheet read: What You Measure Daily and Review Weekly Improves

Conclusion

We need to understand the psychological barriers that get in the way of achieving our online income goals. To get to a six or seven figure income we first have to learn to take baby steps.

The video I included explains the theory of learning how to produce $2.73 before you can produce $2730 dollars a day.

With a little practical application, we expand our abilities and awareness allowing us to increase our what we can conceive and achieve each day.

There is no magic formula except perhaps following the formula suggested in the video.

Did you find this information practical?

Let me know in the comment section below.


 

© Nick Grimshawe 2018

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