My friend said this one sentence and it changed my business forever.

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My friend said this one sentence and it changed my business forever.

I was having lunch with a friend of mine (who is multimillionaire from his online businesses) and we were talking about new business projects we were working on, and he casually said this:

“I only work on projects that have the potential to bring me an additional 6-7 figures per year.”

I didn’t realize it at that moment, but that sentence ended up changing how I run my business forever. When I went home that night and looked at my (never-ending) business to-do list, I looked at all the tasks on there while thinking about what he said.

I realized very quickly that I was working on some very time consuming projects that didn’t have nearly as much income potential as some of the other things on there that I’d been ignoring for months.

For example, I was spending valuable time working on things that could bring one of my existing businesses a few extra percentage points in earnings per month, all while there were new projects I wanted to build that could equal or surpass the earnings of already existing businesses. In other words, one task might raise my earnings for one of my businesses by 5-10%, while the other could potentially bring an extra six figure business into my entire portfolio! And yet, for some reason, I was putting off executing new projects because I wanted to optimize one of my existing businesses (I wanted it to be *perfect*).

There is obviously nothing wrong with wanting to earn more money from an existing business, but if the new project has a much higher income potential and both activities take the same amount of time, the obvious choice is to move forward with the latter.

And after I started thinking this way, I realized there were all kinds of tasks I was doing that hardly made me that much extra money, and yet I kept doing them, and it was coming at the expense of working on more potentially lucrative projects that were constantly “on hold.”

From that point forward I looked at my business from only a “big picture” standpoint and prioritized my to-do list in order of how impactful those activities would be on my overall business.

Based on my results, I’d recommend you do the same. 🙂

Mike Omar 

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Also: 

You can also learn my entire Make Money from Home LIONS CLUB lesson plan in book form (also available on Kindle)! To learn how to build a $5,000 per month passive income website portfolio, completely step-by-step in book form, click here.

You may also be interested in my book that teaches you how to start a profitable blog (also available on Kindle). It has similar principles as my other book, but the overall strategy is different. If you’d like to learn how to build a blog about a topic you love, develop a loyal readership, and make money online doing it, click here. 

My personal website portfolio is made up of both of these types of businesses (generic passive income websites and cared-for blogs), and I suggest you build both kinds of websites for your business as well.

About the LIONS CLUB:

The Make Money from Home LIONS CLUB was founded by me (Mike Omar) to help people learn how to make money from home and escape their dependence on an outside job. Remember that the goal here is not only to make money from home, but to gain FREEDOM and TOTAL AUTONOMY.  The more money you can make on your own, the closer you are to never having a boss or a work schedule or limited vacation time again.

Navigating my website:

About – The about page is my FAQ page answering who I am, why I created the LIONS CLUB, how my free online school works, how to get the most out of it, and other common questions.

My Story – Here you can read my story about how I went from a corporate drone to broke and unemployed to a full time passive income earner.

Resources – This page lists the best tools I’ve come across to build my online business. I would recommend bookmarking this page for future reference. Every important tool I’ve come across and used regularly to develop my online income is on this page.

Required Reading – Here are some of my most highly recommended books ever, for financial success, personal philosophy, and good ol’ pleasure reading. It’s really hard to not keep adding books, so I narrowed it down to my absolute favorites.

Inspiration – This is a list of the top 20 earning blogs online today.

Action Plan – Here is my step-by-step, 100% free, video series on how to make money online, with an intended initial goal of $5,000 / month in passive income.

High Quality Outsourcing – My services website where you can outsource the entire SEO backlinking process through my personal team.

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