Your Online Business Destiny #YOBD – Lesson 7

The most important Question you can ask Yourself + Thinking Big but Starting Small (MVP) + Mini-Course Summary

“Life is never made unbearable by circumstances, but only by lack of meaning and purpose.”Viktor E. Frankl

Viktor Frankl survived a Holocaust concentration camp because he found meaning in that struggle.

He refused to let his captors take away his last ultimate freedom. His freedom to choose his own response to his circumstances.

As tough as your current circumstances may seem, chances are they pale in comparison to surviving a concentration camp.

Victor Frankl used that experience to go on and inspire the world with his story (see his excellent book, “Man’s Search for Meaning”).

How will you overcome your challenges to find meaning and purpose? It helps to ask yourself powerful questions.

Perhaps the most powerful question of all is “Why Not Me?”

If other people can achieve great things in their lives, why not you?

For children this question is hardly necessary. They just assume they can do whatever they want when they grow up.

When I was a child my friends and I would argue over which professional sports team we would play for. It never occurred to us we may not be able to achieve it.

The sad thing is most of us lose that kind of self-confidence as we get older, the precise time when we need it the most. The precise time when we have the tools to do something about it.

An Online Business is “Aspirational”

An online  business is the perfect vehicle for aspiring to do great things in your life.

By necessity, we use our most productive hours each day making a living.

What if your current way of making a living doesn’t align with your Life Vision? It can be very hard to find a traditional job that does.

However, you can take an online business in any direction you choose.

Even better, you can start small in your spare time. This isn’t about taking a huge risk and quitting your job.

It’s about starting to use some of your spare time to work on your “aspirations”.

As I write these words, it is 9:32 a.m. on a Saturday. I just finished a full week at my traditional job. My online business is a side business at this point in my life.

This week my wife and I booked a 14 day European cruise. I am using income from my online business to pay for the entire trip.

However, I also like the pension plan and security of my day job, so I do both.

In my book I talk more about this in the “Income Stream Classes” chapter. It is all about diversifying your income streams. (There are lots of ways to do this, with pros and cons listed for each one).

I plan to retire from my day job eventually, and supplement my retirement income with my online business.

I like my job, but I enjoy my online business more. I look forward to weekends when I have time to work on it.

That is just what I do. Your risk profile, preferences, and circumstances may be completely different from mine.

You will develop your own unique path as you gain momentum and begin to see what works for you.

Staying Motivated

To stay motivated, imagine your life a year from now if you do nothing.

Then imagine where you will be if you take action today and begin making progress day after day.

Your progress each day may seem like a drop in a bucket.

However, if you have ever had a leaky pipe in your home, you know that drops in buckets become full buckets much sooner than you think!

Thinking Big but Starting Small

Taking even a single step in a new direction can start you on a path that takes on a life of its own before long.

A step like creating your first blog for example (even if you don’t yet have a plan for your blog content).

Once you have a WordPress blog where adding pages is as easy as writing an email, you will think of many things to add to it later.

A key point is to release something to the world before you have perfected the idea.

An important concept here comes from the Lean Startup Methodology first proposed by Eric Ries in 2011. It is referred to as a Minimum Viable Product (MVP).

The idea is to release something as soon as it is viable enough to start getting feedback from people. Then start improving on it.

For example, this Lesson is the last one in my first attempt at the “Your Online Business Destiny” mini course.

I have lots of ideas on how to expand on it and turn it into a paid course eventually.

However, there isn’t much point doing that if people don’t like what I have done so far. Or if my ideas for expanding on the course aren’t what people are looking for.

If you want to give me feedback on the #YOBD mini course, please leave a comment at the bottom of this Lesson (or any Lesson in the mini course). I would love to hear from you.

If you found anything confusing please tell me. If you liked some parts more than others please tell me. If you have ideas for future lessons please let me know.

You will of course receive all future lessons as they become available at no charge (as long as you stay subscribed to my emails).

A Blog is a Minimum Viable Product (MVP)

Creating a blog is an example of a minimum viable product. It is cheap and easy and provides ways to get valuable feedback.

The YOBD mini-course is by no means my first Minimum Viable Product. I wouldn’t be doing this at all if I hadn’t first created a blog that attracted visitors.

Start blogging about what you think might be useful for people. Get feedback by tracking the actions your visitors take, and allow them to add comments to the bottom of each blog post.

Then build on what works for you and take the next steps into email marketing, or perhaps an Online Store of your own.

Another key point is that each MVP should provide something of value, even if you don’t take the next steps. For example, a blog with at least some visitors can lead to affiliate sales.

There is also tremendous value in what you learn along the way. Things you can apply to your next online business idea.

The more you do, the more streams of passive income you will generate (even if some of them are small).

I hope this mini-course provides you with the confidence and enough details to get started on your first MVP.

To learn more about every aspect of blogging for profit, including step-by-step video-based training, consider joining Wealthy Affiliate for free.

After trying it out for free, consider the Wealthy Affiliate Premium upgrade. The WA training, tools, and community will help you keep your online business momentum going long term.

Feel free also to re-visit the mini course Lessons as often as you like (links pasted in below).

If you want more lessons from me at this point, please consider picking up a copy of my book. (That link goes to the Table of Contents, with Buy links at the bottom of the page.)

I think it would help you, and of course I would appreciate your support!

Previous Lessons

Lesson 1 – The “Critical Steps” to realize your Online Business Destiny

Lesson 2 – Form a Powerful Vision of your Future Self

Lesson 3 – Brainstorming and Prioritizing your Online Business Ideas

Lesson 4 – Research the Profit Potential of your Online Business Ideas

Lesson 5 – Affiliate Blogging – a potent recipe for Online Business Success

Lesson 6 – Powerful Strategies to Expand your Online Business

Quick Links (from earlier Lessons)

Wealthy Affiliate – Keep up your momentum with the WA training, tools, and online community (free to join).

Watch me create a blog at WA (video) – This link leads to the video hosted on the blog I created in the video

PURR Passive Income Power – My book with many more lessons from me.

659 Profitable Niche Markets – My free eBook.

AWeber – The email marketing platform I have been using for over 10 years now.

AffiloJetPack – Done for you email marketing packages.

Shopify – The go to platform for creating your own Online Store.

Oberlo – Allows you to easily import dropshipped products directly into your Shopify store. – If you aren’t already receiving my emails and don’t want to miss out on future lessons.

Copyright © 2017 – Bradley (Brad) Morgan

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