The Real Costs and Your Hourly Rate

Learn to create 2 more hours in your day using my Extreme MLM Productivity regimen so that you can work on your business and still have time for your friends and family.

Are you REALLY treating “Time is Money?” Don’t just say it, are you living it?

If not, please go back and read this important post on how to really treat time is money.

If you have done the Time Inventory Exercise and you are treating “Time is Money” then the next step is to find out how much your time is really worth.

The Real Cost

How much did that 10 minutes of internet surfing costing you?

How much did those 15 minutes of playing around on Facebook cost you?

How much did that TV just show you?

Remember, the internet is NOT free…

Facebook is NOT free…

TV is NOT free…

Arguing with a customer service rep for 30 minutes to get your $13 back on your monthly bill did NOT save you $13…

Spending 45 minutes to wash your car to save $20 did NOT save your $20…

These Time Thieves are NOT free because it costs your time. All the great ideas that you have… all the big money projects that you can work on… all the good prospects that you need to talk to…

All of those wasted opportunities…

Your dreams and things you want to achieve in life all disappear as you spend your valuable time on those Time Thieves.

Your Hourly Rate

An important step is to determine your hourly rate.

First question to ask yourself is what type of income do you want to earn in your network marketing business?

If you want to earn $100,000 a year, then you must do $100,000 a year work right? If that is your goal, you can do the math and it comes out to $50/hour. (for every $100,000, it is $50 per hour. So if you want to earn $200,000 a year, your hourly rate is $100 / hour)

So if you do $50/hour work, then you will earn $50/hour.

So what do you do to earn $50 / hour? You simply do the 5 Core Production Activities:

1) Prospect your contact list
2) Followup with old prospects
3) Marketing – building new connections
4) Self Development
5) Communicate with your team

If you do those activities, they will bring you the $100,000 income you want.

So How Much Did That Cost You?

So if your hourly rate is $50 / hour,

Then the next time you spend 30 minutes watching a TV show, just realize that TV show cost you $25.

The 30 minutes you spent on Facebook just cost you another $25…

The 15 minutes on Youtube just cost you $12.50…

Keep throwing your time away and you will soon be broke because TIME IS MONEY!

Sincerely,

Simon Chan

P.S. If you find yourself having trouble to find the time to focus on your home business, I highly recommend you learn and implement some of the 35 Time Management secrets that I teach in my Extreme MLM Productivity Regimen Time Management course. Click Here to learn how to create 2 more hours in your day so that you can build a successful business and still have time to have a life!