Just remember these 4 letters: D.E.A.L.
In Tim Ferris's wildly famous book, The 4-Hour Workweek, he uses an acronym.
An acronym that if followed, can help you increase your income, work less, and do more of the things you love.
The acronym is: D.E.A.L.
Define your goals. Break down your reason why you want to achieve them.
How much will you need to earn monthly? (i.e. I’d like to be earning at least $10,000 per month. I can quit my j-o-b at $5,000 per month.)
I want this so I can spend more time with my family and travel with them to Costa Rica, Italy, Spain.
I can afford to surprise my parents with a luxury vacation to Switzerland, somewhere they’ve always wanted to go, but couldn’t afford to.
You’ll have to write out the definition of what you need and want, personally.
Try to be specific.
What can you eliminate in your job or life right now that may be holding you back?
Stressing and working you to the bones.
On an episode of Tim’s show he runs on iTunes, he was helping a woman that was aiming to earn more with her yoga studio.
A big “why” for her, she wanted to be able to afford to send her parents to their home country.
She needed somewhere around $5,500 per month to do that, and have the lifestyle that was ideal for her.
In her marketing, they looked at what was bringing her sales in.
Facebook, sending messages, email…things like this were barely bringing any new people in her class.
Yet, by far, people she called on the phone, they happily paid and showed up for the class.
So guess what?
Eliminate all the other work.
Just focus on making the phone calls.
Which brings us to the next point…
This is likely one reason you’re drawn to an internet based type of business. The automation possibilities are endless.
It’s truly amazing.
For the yoga woman, she could hire others to make these phone calls. That would be the first step to automating her business.
Later, she could have others run the yoga classes. She could develop her business into a franchise, the sky’s the limit.
And that takes us to number four…
The end goal.
Your ideal income is coming in. The non-essentials are eliminated. Everything you can is automated.
And you’re doing the things you want, whether that be travel, more time with the family, treating the people you love, and not having any more income worries.
Wouldn’t that feel amazing?!?!
Hope this has helped.
It’s a great little acronym to remember, isn’t it?
And if you’re open to checking out an online business that’s really BUILT around this entire D.E.A.L. formula, I’d love for you to check this out…