4 Insights for 2019

4 Insights for 2019

WOW, 2019’s just a few days away.

So this is going to be my last blog post for 2018.

Here are some insights that I have for 2019 to thrive. It’s based on my own experience with starting several online businesses this year and also, my observations of many customers that I have…

Why We Cannot Focus

Because we do not know what we want? So whatever things appear in front of us and seemed to be good, we got attracted.

Here’s the thing – You won’t be able to focus until you know what’s your business.

And “knowing” your business has several forms too. From understanding the model to generate income… to knowing your market well enough.

This is my model:

Be Selective – But Know What’s The Outcome You Want, Not Based On The Vehicles To Get You There

Why do you want to start an online business in the first place?

Yes, the obvious answer is, you want to make money.

And for this discussion, I don’t “care” what you want to do with the money you’re going to make. But let’s say, the OBJECTIVE is you want to make money.

So, as long as you’re not violating the law or not doing anything unethical, does it really matter what’s the vehicle’s going to be?

So many people are so fixated about the vehicle – it’s crazy.

For instance, recently, I started teaching how to build a home-based business to become a lifestyle entrepreneur. Interestingly, because it’s so simple and systemized, it became a boring process.

For instance, the process just requires you to spend 2 hours a day to make your first $1,000 in 30 days.

Yet, many people can’t follow the process because they want to do “cool” stuff. You know, buying ads, creating funnels, doing chatbots, etc.

Be focus on your outcome.

And if you don’t have the RESOURCES, MONEY or KNOWLEDGE to use the vehicle YOU WANT to hit your outcome, STOP being delusional it’ll still work!

Change your vehicle. So you still get your outcome.

Get your outcome and your vehicle right for 2019.

The Only Race Is Your Own Damn Race

So we speak about focusing on the outcome earlier, right?

Well, an outcome can also be interpreted as a GOAL.

Do not compete with others. The only competition is your own competition.

Nobody’s racing with you, bucko.

You can be as slow as you want, or as fast as you want.

You’re being stupid if you believe those fake marketers who are telling you about how much money they’re making, with all of their fake testimonials.

If you believe them (or read too much stuff on Facebook), you feel you’re so behind the race because others seem to be going so “fast”.

Once you have your own competition, you’ll know what it takes to win. And with that mindset, you won’t be wasting your time anymore.

The Best Business Model Is Digital

I know – this statement is biased because I teach this.

But I’m adding this because this post is about my insight for 2019.

If you ask me, digital product business is much better than physical eCommerce.

Now, don’t get me wrong – I don’t say physical eCommerce is bad, I’m just saying that digital product business is BETTER.

For argument’s sake:

There are many marketers who teach about how to make money from physical eCommerce, right?

I can guarantee you that 99% of them makes more money from their DIGITAL PRODUCT BUSINESS (which is the coaching, courses, software, etc that they’re selling to you) than their physical eCommerce business.

I doubt you’ll ever find a guy or gal who makes more money from their physical eCommerce business than their digital product business. They could have huge revenues in physical eCom, but that may not be the profit (because there are a lot of cost with physical eCommerce).

But it doesn’t mean they do not have integrity. Not at all, we should thank them for willing to teach.

For me, I know my direction for 2019 – it’s digital product business.

It’s the business that I can scale.

Here’s the stats of one of our memberships in ClickBank that we just launch in October 2018…

 

 

It’s almost $70K /month, excluding affiliate marketing, other programs, etc.

The goal is to scale it to 100K/month for this one membership business.

The best part is…

I don’t have any “real” cost like physical eCommerce and no need to deal with fulfillment (yeah, I get it – there’s fulfillment centers, dropships, etc but digital’s fulfillment is truly AUTOMATED from A to Z).

Heck, some people make 7 figures income with just affiliate marketing, selling digital products.

All the best for 2019!

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Patric Chan

Patric is the best-selling author of Clicking Cash, The International Player & WakeUp Millionaire, a world-class internet marketer and international speaker of 12 countries. He's also the founder of Passive Wealth Group with thousands of members worldwide.