Living The Dot Com Lifestyle – Rule 1

The following is an excerpt from my Third Tuesday presentation on how to run a million dollar business on two hours per day.

The Dot Com Lifestyle mean not only money freedom but time freedom and location freedom. There are many people who make a lot of money but they have no time to spend it because they’re working so much. And they’re usually locked down to one place because they can’t escape their work. There are also many people who have a lot of time, especially during a recession with so many people being out work. So they have time, but they have no money. And they’re locked down to once place as well because they have no money to travel. The Dot Com Lifestyle means having it all; time, money and location freedom.

Now, It never fail when I’m talking about this subject, someone will say, “If I can make a million on 2 hours per day, why don’t I work 8 hours per day make $4 million?” If that’s you, then I say you’ve missed the point. Money is not the important thing here, time is. Making a lot of money is easy. It’s really not that hard. However, every single one of us have the same amount of time. We can have unlimited money but we will always have limited time. So if you want to work 8 hours per day to make $4 million, go right ahead. I rather be playing in the park with daughter.

The dot com lifestyle requires a paradigm shift and most people won’t be able to wrap their heads around it. You’ve been condition since childhood to do thing a certain way and when someone comes along and say there’s a better way of doing it, all the defenses go up. That’s why very few will be able to achieve it. They all want it, but because of past conditioning, they won’t be able to get it until they can break free of their self doubt and limitations.

If your goal is to have time and money and location freedom, the Dot Com Lifestyle, then I’m going to share with some rules and techniques that I’ve use to achieve it.

Rule 1 – Work More Efficiently

If your goal is to make a lot of money in the least amount of time possible, then you have to learn to make more efficient. Keep the 80/20 rule in mind. This rule states that most output are created by a small percentage of the population. In your business, you’ll find that 80% of your sales come from 20% of your customers. On the Net, you’ll find that 80% of blogging income is created by top 20% of bloggers (it’s probably closer to 95/5).

Working more efficiently mean spending most your time with the 20% and less time with the 80%. In my case, I would say spend all you time with the 20% and screw the 80%. The goal here isn’t to make more money. The goal is to make more time.

Make sure everything you’re doing will bring you the biggest result. Instead of doing a one on one pitch, do it in front of 100 people like I did for my Third Tuesday presentation. It takes the same amount of time but you’re doing a lot more.

Another thing to keep in mind is the rule that says time expands to fill the task. Before becoming a dot com mogul, I own a print shop and employed a press person who always seem to finished however many jobs was posted on the wall. He would come in the morning, look at the wall and then calculate how much he needed to slow down by so he won’t run out of jobs before the end of the day. This was good for him but was bad for me.

If you have a task to do, give yourself a really short deadline so you don’t end up expanding time to fill the task. You’ll be amazed at how much you can really do if you have no other choice. By giving yourself really short deadlines and keeping the 80/20 rule in mind, you should be able to increase your efficiency by two to five times. So instead of working for eight hours per day, you can do a full days work in a few hours. Then of course, your boss will give you more work. That leads me to rule number two.

To be continued.


49 thoughts on “Living The Dot Com Lifestyle – Rule 1”

  1. Paul says:

    Your Message

    1. Hmmmm, your thoughts intrigue me. >_<

      David Turnbull’s last blog post: 11 tips for modern day mastermind groups

      1. I accidentally clicked the “Submit Comment” button and then tried to click STOP, STOP, STOP on my browser, but it was too late.

        Now I’ll be seen not only as the fool that left a “Your Message” comment, but to make matters worse it was also the first comment on the post. 🙂

        Mastering the Mindset of Making Money Online’s last blog post: 7 Common Fears of Making Money Online

  2. Great post. It’s absolutely true that tasks always take as much time as you devote to them.

    In the job world where you’re almost always paid by the hour or on salary, it actually PAYS to be slow and inefficient because then you have less work to do. When you’re an entrepreneur working for yourself, there is no point slacking off PRETENDING to be working because there is nobody watching anymore.

    You’re either efficient and you get things done so you can go outside and “play” or you waste the whole day slugging through your work wasting time.

    The mental mindset of making money online is very important.

    Mastering the Mindset of Making Money Online’s last blog post: 7 Common Fears of Making Money Online

  3. Caden Grant says:

    Nice post I agree. I’ve heard about the 80/20 rule a lot but still don’t quite understand it.

    Caden Grant’s last blog post: 10 Ways To Be A Better Blogger

  4. Caden Grant says:

    Nice post I agree. I’m gonna try setting deadlines for myself more often.

    Caden Grant’s last blog post: 10 Ways To Be A Better Blogger

  5. Thanks for the great advice, John. Many times in our pursuit of financial independence, we let our greed get in the way of the one thing that money can’t buy. And that’s time. Thanks for the great reminder of that and the 80/20 Principle (Pareto’s Law). I look forward to the rest of the post.

    Kevin Douglas’s last blog post: My Favorite Podcasts

  6. Great post you just inspired me to take a break and a nice walk 🙂
    Stumble

  7. The point is very well taken. But sounds like working for you is not going to be present =)

    The Stock Traders Blog

    StockTradersBlog’s last blog post: Questions About Option Trading

  8. Steve Bents says:

    I really do love this post. Time is something that is finite while money is infinite. Thank you the perspective. I will have to now find the time to work less! LOL

  9. Michael Zhao says:

    I am too, trying to get out of the “rat race”

  10. Lithiummind says:

    “On the Net, you’ll find that 80% of blogging income is created by top 20% of bloggers…”

    “..Working more efficiently mean spending most your time with the 20% and less time with the 80%..”

    Does this mean I should spend more time with the 20% of the top blogger? Sorry but I’m a bit confuse as well and hope you will clarify. Thanks.

    Lithiummind’s last blog post: The Alternative To Google Adsense

    1. The aim is to focus on tasks that bring in the most results. That’s the basis of the 80/20 rule.

      David Turnbull’s last blog post: 11 tips for modern day mastermind groups

  11. Fadzuli says:

    Great post.

    Lithummind – NOt necessary- I would say the 20% are the ones who are really interested in working with you. Not those who just reads and the next day they are gone.

    How to find these 20%? Using the opt in list is one way. Another way are those who purchase stuff from you. They will tend to buy from you again and again if they like your product. And usually these guys will also recommend their friend to you. So focus on them!

    Fadzuli’s last blog post: Opportunity for others

  12. Greg Ellison says:

    I think we all are trying to work more Efficient and have better time managment skills. Nice post. Greg Ellison

    Greg Ellison’s last blog post: Backyard Patio Furniture

  13. It is hard sometime to Work More Efficiently. A thousand things come up while you are trying to work – two many emails to read, blogs to read and to post to, offers to consider, emails to send, etc. Even with all that, we must find time to do it efficiently or we will find that we do not get it done. Some very good points in this post.

    Lonnie Minton’s last blog post: ReTweeting: One Of The Keys To Your Twitter Success

    1. There aren’t any blogs you “have” to read though.

      Best to pick just a couple of the key players that you want to emulate and then focus on building your business.

      David Turnbull’s last blog post: 11 tips for modern day mastermind groups

  14. “Put yourself under time pressure” is good advice, even if it makes life uncomfortable.

    needmoney.com’s last blog post: Website optimization through eyetracking: latest findings

  15. 2 hours a week is great…but I can only see this type of output once I have worked hard at building my foundation. I agree with the last part, giving yourself tight deadlines forces you to focus and manage time wisely..otherwise its just procrastination and hours wasted turn into days wasted which ultimately leads to lost income potential.

    [email protected] last blog post: Can Happiness Be Bought?

  16. Cam Birch says:

    I agree. Working less has always been my personal bent. The only problem I have found is how to earn enough working less. Most people, including clients, really want to pay less if it takes you less time, even when any other person doing the same work would take 10x as long. That’s my personal problem with working less.

    Cam Birch’s last blog post: Recession Update – New Credit Rules

    1. Jake Stone says:

      Negotiate your deals to be result based. That’ll also keep you motivated. Tell you what, slide to the dark side and become a salesman – we get paid by results.

      Jake Stone’s last blog post: Finnish companies don’t know how to sell on web

  17. Melayu Boleh says:

    i guess, not many people have dot com lifestyle. A few of them taste it, but not all people.

    Melayu Boleh’s last blog post: Download and Watch One Piece Anime Online at Watch-Onepiece.com

  18. sridhar says:

    Setting up deadline when you know what you are going to do is very simple, but its impossible if you don’t know the outcome or don’t have a fixed expectation

    sridhar’s last blog post: A Free Landing Page

  19. I always try to set up a deadline for everything I have to do, but unfortunately I manage to do it all on time not so often

  20. Paul Ubiadas says:

    I think that I have read this before!

    Paul Ubiadas’s last blog post: Miscellaneos Ramblings

  21. Lee says:

    You are right. I always set deadline for my work. If I have got deadline, I will work faster and more effective. 🙂
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  22. Lee says:

    You are right. I always set deadline for my work. I found that when I have deadline, I can work faster and more effective.
    Share your post at: ArticlePinger.com

    Lee’s last blog post: Placing 125×125 Ads on Your Sidebar

  23. Danny Croft says:

    Very nice post im more motivated and ready to get on with it then befor reading the post, time to launch another affiliate site in the next 2 hrs 🙂

    Danny Croft’s last blog post: ShoemoneyX

  24. Prince Sioni says:

    Great post John,
    Efficiency is the first key to a Dot Com Lifestyle.

  25. Asswass says:

    If you still have your 9 to 5 job then those 2 hours are precious. The great thing is to quit your job and still work 2 hours a day.

    Asswass’s last blog post: Using Avatars to Brand your Company, Blog or Yourself

  26. Ray Ebersole says:

    Great post John. I try to work smarter, not harder and the 80/20 rule is a great way to look at it.

    Ray Ebersole’s last blog post: Students are Affected by Teachers

  27. Great point John, was looking at the pictures where you grow up, I mean, it shock me when I saw those pictures, because it seems life had change around totally from the house you use to live in to a house of Dot Com way of living, is just inspiring of how hard to get to what you are right now.

    Rule number 1 is really important, I never realize it when I started out online, but it seem forcing a deadline towards my daily goal, really makes me work more efficiency then without a deadline….. seriously !

    The Bad Blogger’s last blog post: Copywriting Isn’t A Job, It’s A Contact Sport !

  28. Manori Money says:

    Working 2 hours per day would def. be very great. But people do not misunderstand this. “The pie will always come after hard work” which means that you have to work hard to build a strong foundation… Putting deadlines always help one stay on task which can lead to more income in this industry.

    Manori Money’s last blog post: Life in general

  29. Working from home have its avantages but also its setbacks. And doing what you said, been more efficient its the only way to succeed if you are not longer in a job 9-5

    Marketing Business Review’s last blog post: How To Do A Niche Research In 4 Quick Steps

  30. This is why its important to work and play. You should throw yourself into some work you believe in with all your heart, live for it, die for it, and you will find happiness.

  31. David says:

    I need to start giving myself deadlines, and stick to them if I ever want my blog to become anything… It’s not only something that will help my blog, but also me as a person in my daily life!!

    David’s last blog post: Housing Market in Vancouver

  32. Wesley Green says:

    I remember not too long ago when I use to try to squeeze as much work as I could almost every single day. Rarely did I take a real day off because I would still come into my home office and puter around with work. I was convinced that the results I wanted would come if I worked long and hard enough.

    Man, was I wrong.

    The only thing that matters when it comes to “work” or working towards your goal(s) is RESULTS. This is why I now focus on producing X number of results a day instead of “working” 8 – 10 hours. The 80/20 rule does help but to me, having a short list of results to produce each day is what has made a huge difference in the results I get.

    Wesley
    The Geek Entrepreneur

    Wesley Green’s last blog post: What $70 Bucks, Hard Work, And A Dream Will Get You

  33. J. Money says:

    Reminds me of the “4-Hour Work Week” book…which i just so happen to be reading…and at the exact spot where Tim goes over Efficiency vs Effectiveness. So good timing 😉

  34. I get inspired every time I watch that video. I’d much rather be hanging out at the park with my son than working for someone else full time while my son has to go to day care.

  35. Great post. There really is nothing like living The Dot Com Lifestyle. I love that I can play by my own rules & don’t have to bow down to someone else.

    TYCP Entertainment Magazine’s last blog post: Courtney Van Dusen Interview

  36. You only need so much money to live the Dot com lifestyle and enjoy your life. Making the most money in the least amount of time spent per day should be your goal.

    Gold Coins Blog’s last blog post: Update – Obama To Take 72.5 Percent Ownership Of GM

  37. Your experience is making the change here. Certainly this is the real assets of yours.

    ZK @ Web Marketing Blog’s last blog post: 10 Tips to increase your Twitter followers

  38. I do not think that this 80/20 rule will apply on everyone. Like we have clients who placed the order to us we deliver them … after one month they come again with new order and so on …

    So for such kind of service providing business what do you think John ?

    SW @ Quality Squidoo Lens Service’s last blog post: Social Bookmarking Service

  39. Tyson says:

    This type of business is exactly what big corporate companies “attempt” to do but haven’t really understood. They are too much into empire building.

    Tyson’s last blog post: Press Release

  40. farouk says:

    this is one of the main reasons i decided to make my website my main source of income, way to go john 🙂

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