Part of the guide: Affiliate Marketing
If you’re building an online business, you have the potential to create crazy leverage. Internet Marketing allows you to create more leverage than 95% of other businesses. You can outsource and automate pretty much everything with an online business, so that’s what I’m going to show you how to do.
By the end of this article I will have revealed exactly how anyone can create huge leverage in their online business and free up endless hours of time. After all, that is a key reason why most people start Internet Marketing. An abundance of time and of course; money.
So here are five ways to create leverage in your online business and free up time:
1. Partner
Above everything else, the easiest way to create leverage in your online business is to partner with someone. Yes, partnering means splitting profits and many other things. But the pros outweigh the cons by a mile.
You want to find a partner who is more intelligent than you. If you can’t learn from your partner; there’s no point in having one. Having a partner who is as smart as you is just like having a clone of yourself. You can get twice as much work done. Having a partner who is smarter than you in different areas is like having 4 times as much brain power.
Two intelligent minds equal at least 4 times as much brain power.
2. Outsourcing
Outsourcing is what will free up more of your time than anything else. A partner will help you get more done, be more creative and come up with better ideas and strategies. Outsourcing will allow you to eliminate 90% of the tedious work involved with Internet Marketing. For example:
- SEO
- Article Writing
- Article Submissions
- Link Requests
- Customer Service
- Web Design
- Tech Support
- Graphic Design
The list goes on and on. You can outsource nearly everything. For traffic generation especially. Do you really think Frank Kern and the other gurus write articles, do their own SEO, customer service or setup their own PPC campaigns?
…Hell NO!
They have better things to do. Like recording videos, coming up with cool strategies, managing their team managers and spending their easily earned money. Use Odesk.com to outsource everything in your business that you can teach someone to do half way around the world. (You can hire Indians and Filipinos for $300/month or even less/more)
3. Phone
If you’re running a service-based business, your phone should be ringing all day long. But do you really want to be on the phone all day? I mean where is the leverage in that? There isn’t any.
You need to setup an online number and you need to employ someone overseas to handle all incoming phone calls. You need to give them specific instructions. Instructions like taking inquiries, fixing customer problems, and even spending X amount of money to fix problems without hassling you.
It’s a good idea to give your employees a limit of say $100 to fix problems. So if a customer calls in with a problem that can be fixed for $100 or less; your employee will fix it without bothering you. If it’s any more than the limit you specify you can instruct your employees to call you and fill you in on the situation. The whole point is to outsource phone support/incoming calls.
4. Emails
The same thing applies to emails. You need to hire a personal assistant who looks after your business email account. The assistant should be instructed to reply to emails and to forward the important emails onto your personal account that need to be dealt with by you personally.
5. Assemble A Team
Ok, I know I keep saying this but this has got to be the most important step. Once you have a team in place that you can rely on; you can systemize your business. With Internet Marketing, you need a basic team like:
- A Personal Assistant (To Answer/Reply To Emails And Phone Calls)
- A Customer Service Team (1 or 2 people)
- A Web Developer (Someone Who Can Build/Edit Websites And Is Excellent With Computers And The Internet)
- A Graphic Designer
- A Copywriter
- A Programmer
- A Writer
- A Link Builder/SEO Team
- Someone To Setup Paid Ad Campaigns
- One Or Two Managers
That is really the basic Internet Marketing team. Obviously you don’t need all of those people. In the beginning you don’t need anyone under contract, you can hire them as you need them. Before anyone else, I would hire a full-time personal assistant and web developer. Next, I would hire a programmer and writer. Ideally, you should have one manager for every 5 people in your team.
In Prosperity,
You have been paid late before
You have watched the number on the dashboard not match the number in your account. What is different now is simple: it settles on a public contract you can check yourself, not a dashboard I control.
Read the contract →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
David Wood
P.S. Leave me your thoughts, comments and questions below.
Comments
Sarah Thompson, July 30 2024, 21:20
Thank you for sharing this comprehensive guide, David. The strategies are practical and easy to follow. I’ve been struggling to create leverage in my online business, and your detailed breakdown provides a clear roadmap. I especially appreciate the sections on outsourcing and assembling a team. Keep up the great work!
Michael Lee, July 30 2024, 21:25
Great tips, David! I appreciate the detailed breakdown of each strategy. It’s refreshing to see actionable steps that can be implemented immediately. The part about finding a partner is particularly interesting; I hadn’t considered that method before. I’m looking forward to trying these strategies out and seeing how they impact my business. Thanks for the valuable insights!
Emily Richards, July 30 2024, 21:30
Could you provide more examples of successful partnerships you’ve created? Your insights are always so practical, and seeing specific examples would be incredibly helpful. I’ve tried a few of these strategies before with mixed results, so I’m curious about what has worked best for you. Thanks for another great post!
John Peterson, July 30 2024, 21:35
This post is very informative, David. However, I’d like to hear more about the potential challenges and how to overcome them. For example, what are some common pitfalls with outsourcing, and how can they be avoided? Also, how do you ensure the quality of work when assembling a team? Your advice would be greatly appreciated.
Daniel Kim, July 30 2024, 21:40
Hey David, great insights as always. Let’s catch up soon and discuss these strategies over coffee. I find the idea of partnering particularly intriguing. It seems like a smart way to boost productivity and achieve more in less time. Looking forward to hearing more about your experiences with this approach. Cheers!
Laura Martinez, July 30 2024, 21:45
I’ve had success with some of these strategies in the past, especially outsourcing and assembling a team. Your tips are spot on and very helpful. One thing I’ve found effective is focusing on high-impact tasks and delegating the rest. Thanks for sharing these insights; I’m excited to implement more of them!
Mark Johnson, July 30 2024, 21:50
I recently started implementing some of these strategies, and I’ve already seen positive results. The method of outsourcing has been particularly effective for me, allowing me to focus on growing my business. Your advice on assembling a team was very helpful. Thank you for the valuable insights, David!
Rebecca Lee, July 30 2024, 21:55
I’m still skeptical about the effectiveness of some of these strategies, especially outsourcing. Do you have any case studies or concrete evidence to back up these claims? It would be helpful to see some real-world examples of these methods in action. Your posts are always thought-provoking, and I appreciate the effort you put into them.
Three posts a day. One email a day.
Everything I publish, in one short daily email. Real numbers, no hype, unsubscribe in one click.
Get paid 100%, on-chain, the second the sale clears
Most affiliates earn little, and that is disclosed up front. The difference here is not a promise about what you will make. It is that you can verify every payout yourself, on a public contract, in about twelve seconds.
See how the payout works →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
The strongest objection to ‘assemble a team’ as step one, which the post treats as inevitable rather than optional, is that adding people before you have a stable process to hand them multiplies your problems before it multiplies your output. A personal assistant, a web developer and a copywriter each need managing, and management itself is a skill this post assumes rather than teaches.
Tried the outsourcing route in year two, once I finally had something worth outsourcing. Hired someone overseas to handle customer email, gave clear instructions exactly like the post describes, thought that would be the end of it. Week one was fine, mostly routine questions the instructions covered well. Week three was where it fell over: I was rewriting roughly half the replies myself before they went out, because ‘clear instructions’ and ‘the judgment to know when a situation doesn’t match the instructions’ turned out to be two completely different skills. It took another month of back-and-forth, tightening the instructions each time something slipped through, before the arrangement actually saved me time instead of quietly costing it. The post makes step two, outsourcing, sound like a single afternoon of writing a job description, and for me it was closer to a full quarter before I trusted it to run without my eyes on every reply.
Walt’s caution matches my own instinct, though I would frame it differently. Having spent a career managing a classroom of children who did not choose to be there, I can say plainly that managing adults you are paying is not automatically easier, and this post treats delegation as though it removes work rather than converting it into a different kind of work.
Walt’s right, and I’d go further: this whole list assumes hours free to manage a team. I have forty-five minutes most days.
Sorry if this is a silly question, but the post says to hire a full-time personal assistant and web developer before anyone else, and I don’t even have a business yet that needs a web developer full-time, so is this whole leverage list meant for someone much further along than me, or am I missing something obvious?
Ade, I’d reframe the question rather than answer it directly: instead of asking am I far enough along for this list, ask which single task on it is eating the most of your week right now. Delegate that one thing first. What would you pick?