How To Build An Online Business [6 Steps To Success] #Best Education Page #Online Earning

hey this is stefan from

projectlifemastery.com coming to you

guys from the beautiful island of

mykonos which is in greece many of you

guys know that I've been travelling

around Greece for the last few weeks

with Tatiana living the laptop lifestyle

and trying to take advantage of the many

amazing benefits that an online business

can provide and that's what I want to

talk to you guys today about in this

video is how to build an online business

specifically how you can build an online

business and actually giving you guys

some practical steps steps that you can

take steps that I took and still take to

this day that's allowed me to create

financial abundance that's allowed me to

create an online business that gives me

freedom to travel all over the world and

that's the biggest benefit that I

believe that an online business can

provide you know there's many different

ways you can make money

I believe in online business is one of

the best ways you can make money because

you can use scale you can use the

internet and leverage technology you can

reach the entire world a global impact

that you can have there's a lot of

benefits to making more money but really

even what money buys for you is freedom

you know the more money that you have it

gives you the the freedom to do what you

want when you want with whomever you

want or you can also buy yourself more

time because you could then outsource

and hire other people to do the things

in your life that you don't want to do

maybe it's cleaning or cooking or

whatever it might be and you can really

use money to leverage yourself but the

freedom to be able to be location

independence that you take your laptop

in my case my laptop and my camera and I

could be anywhere in the world and I can

operate my business and not only that if

I don't want to operate my business I'm

still making money because I've actually

built passive income and that's one of

the other amazing benefits about it so

how do you build an online business how

do you create this freedom now there's

different business models out there that

exist that can allow you to do this I'm

sure there's many advertisements courses

trainings resources other videos that

you've watched in the past but I want to

cover the the practical how-to but also

a bit of the mindset components as well

because obviously building an online

business in order to do that it's going

to require a certain habit

a certain mindset to become successful

in your life because you know it's no

secret that success does not come easy

to most you know some people it does you

know I know some people for example

they're given the right opportunity and

the timing is right and the success is

very easy it seems almost effortless for

them I'm sure you may be seeing people

like that where seemingly the success

came just like that and there's

different factors and different reasons

why that might be there their mindset

their habits they've already got a lot

of things going for them that that made

it easy for them but for most of us

myself included because it did not come

easy for me it took me many many years

of struggle and and overcoming a lot of

barriers and blocks that I had in my

life I want to I want to address that

because you know even if a lot of you

guys are given the information on how to

build a business and you're given the

step by step well it doesn't guarantee

that you're gonna succeed because it

takes more than just the step by step it

takes more than just the information to

succeed if that was the case in

everybody with the information everybody

that access to YouTube and Google and

even different courses and trainings and

even university all those people would

be successful so information knowledge

is not enough it takes a lot more than

that and so I want to give you guys a

few different steps that you guys can

take these are again are the steps that

I've taken it in my life doesn't make

make it right or wrong it's just my

experience and I'm gonna share with you

guys my experience what's worth best for

me but also many other people that I've

shared this with as well step number one

okay let's look at the big picture of

things as well let's look at the macro

not necessarily the micro because the

macro the bigger picture is really the

most important thing step number one is

you first got to identify what online

business do you want to create what

online business do you want to start

there's many different online business

models out there that exist you could

sell on Amazon physical products you

could do drop shipping you could publish

books on a platform like Amazon either

Kindle books or paperback books you

could create information products you

could for example create online courses

and training programs you could even you

know create content online like what I

do right now

with YouTube and you can monetize the

videos you can monetize your content

make money that way you can create

software you can create tools online and

sell those you can create mobile apps

you can do affiliate marketing where you

don't even have to create anything and

you just basically promote other

people's products and you get a

commission by promoting those products

so there's all these different models

out there that exist and I understand it

can be a little bit overwhelming it can

be a little bit intimidating it's like

man which one do I do they all seem like

great opportunities and a big mistake

that a lot of people make is they try to

do it all and you got to understand that

you're not gonna be able to do it all

especially if you're brand new because

when you're brand new there's a learning

curve just like anything there's a

learning curve where you have to go

through initially what I call the suck

face and the suck phase is where you

just suck at everything you're not good

some people they're naturally good at

things other people they just have to go

through the suck phase I kind of compare

it to learning any new skill like you

can learn how to dance I remember once I

didn't know how to dance and I was at a

nightclub with my friends and they got

me out on the dance floor and I sucked I

was embarrassed they try to get girls to

teach me how to dance I just felt I had

to go through that embarrassment phase

for a few weeks before I actually

learned how to dance right now I'm

learning Spanish and I've got a Spanish

teacher that's coaching me and I suck I

mispronounced things I forget things I I

say the wrong things at times and it's

embarrassing it doesn't feel good to

suck but they're right there what I just

shared with you guys the ability to go

through that phase that right there is a

key success habit and hopefully you guys

didn't miss that because if you're

willing to endure the suck face the

learning curve that's where most people

give up see most people they're not

willing to suck they just want to stay

in their comfort zone they just want to

do what they're already good at what

they already know and the challenge is

once you are successful what things I

believe you you've always got to be a

student you've always got to humble

yourself and even though you might be

successful in one area or two or three

different areas of life there's more to

learn and humbling yourself and having

that ability and willingness to go

through that phase go through the

learning curve from scratch

is very important but I digress so pick

one business model maybe two if you can

manage more okay maybe you're more

intermediate more advanced you could do

a little bit more it's really up to you

but you got to pick the one that's gonna

be read right for you now here's the

thing all these different online

business models have pros and cons

there's a lot of great things about

certain ones and some have some

negatives that go along with it as well

I think you got to identify what's going

to align the most with number one what

you want what is your ultimate vision

and why do you want to build an online

business these are questions you're

gonna ask yourself before you even get

started why are you gonna do this

because if you don't have a strong

enough why and you don't know what it's

all for then how are you gonna go

through the ups and downs they're gonna

have to go through you're not going to

go through the adversity and the

challenge is that you're gonna face

everyone's gonna face them but your why

and your purpose for doing this is

what's really gonna pull you through

that so why are you doing this are you

doing this so that you can quit your job

are you doing this so that you can

create freedom is that you doing this so

that you can give back and contribute to

other people's lives are you just doing

it because you want to make as much

money as you possibly can

there's no right or wrong answer but

you've got to know what that is because

if you told me Stephan my number one

motivator for building an online

business is to get rich I want to be a

multi-millionaire great I can give you

certain businesses that can allow you to

make more money than others but it might

come at a certain cost maybe the cost is

you're not gonna be able to do what you

love right you might have to pursue a

certain opportunity and maybe you're

okay with that right some people are

maybe it's not gonna contribute in the

level that you might want to contribute

or as other business models could or

maybe it's not gonna give you as much

freedom as others can as well you know

maybe for example you tell me Stephan my

goal is I want to help people I want to

make a difference in the world great I

can give you business models that can

allow you to align with that and really

allow you to be in that element of

service and contribution to others or if

you know if you tell me Stephan I don't

I just want to build a business so that

I can live the 4-hour workweek I don't

want to put much time I'm happy just to

make a six-figure maybe a seven-figure

income but I want the passive income and

I want the freedom I'm more of the kind

of person that I don't really

work that hard and work hard for long I

like to retire in the next few years and

I'm looking for an online business that

can provide that where I can run without

me on autopilot so that I can you know

just kind of maintain it or manage it a

little bit but I don't want to have to

be involved I want to build something

for that purpose or you might say I want

to build something so I could sell it

right all these different factors come

into play and that's why I can't just

tell you and nobody can tell you that

this is the right one for you because

everyone's different okay now I don't

want to spend too much time going too

deep in it too deep with this but I'll

give you guys a resource to help you

guys with this I created an online quiz

that you guys could take where it takes

like a minute and you just answer a few

different questions based on what your

values are what's important for you why

you want to build a business and then

after the quiz I'll basically tell you

what based on your answers what online

business is gonna be best for you okay

just to fast-track things take the quiz

that will help you identify the right

business for you you can take that by

going to WWF mastery comm slash quiz and

I'll have a link in the description of

this video for you guys as well okay so

that's step number one guys identify

which business is right for you and

whatever business that you pick you have

to believe in it you have to you have to

go all in you've got to say to yourself

this is it this is the business that's

right for me I believe in it I believe

in myself I'm gonna make it work and you

can't be we'll talk about this later the

shiny object syndrome where you're doing

it and then another opportunity comes

along and you're like oh this one seems

a lot better than this one then what I'm

doing over here and then you jump ship

to this one and then before you know it

there's another opportunity another

shiny object you jump from this to that

and you're just jumping all over the

place and you never really master

anything so that's why I think it's

important to find a business that aligns

with your vision or values your purpose

what you want okay step number two

whatever online business that you pick

the one that you're gonna pursue the one

that's gonna create the freedom for

yourself and again they all work okay so

even though there might be better

opportunities out there you can be

success

with any of them okay any of them number

two is to get the help that you need in

order to build your business okay

that might mean investing in a course a

training some sort of program does step

by step by step by step by step where

people have already been successful with

this business that have the experience

that been through the trials and

tribulations have been through the ups

and downs they've been through the

failures they've been at it for years

and years and years and years that

they've worked with hundreds or

thousands of the other people as well to

be successful and achieve the results

learn from them guys don't try to learn

things on your own don't think well I

don't need to invest in myself I'm just

gonna figure it you know I can just

Google this or that and try to build a

business

only a fool thinks that way only someone

that's willing to waste time money go

through the stress the why go through

that if you don't have to I don't want

to learn from my experience that's way

too painful

I'd much rather learn from other

people's experiences I much rather learn

from other people that have already been

there and done it so that I can

fast-track the process to success so I

can accelerate it why try to reinvent

the wheel if someone's already invented

it why try to recreate success if

someone's already achieved success and

can give you the blueprint and the steps

and let you know what to avoid and what

you should do and what you shouldn't do

so that you can achieve where you want

to go I kind of you know always use this

analogy it's almost like it's almost

like you're trying to find a treasure in

the jungle okay and a lot of people it's

like the treasure is building the online

business and the success that you can

get from it what a lot of people do is

they don't even have a map they're

trying to find the treasure on their own

and if you do that you're just an idiot

because you're gonna be walking through

the jungle you're gonna you're gonna get

it you know go you're gonna eat lost

number one you're gonna go through a lot

of adversity and challenges and

frustration and you're gonna waste time

and you're probably gonna give up as

most people do I see it all the time

you're probably gonna give up because

it's just way too hard to try to try to

get there on your own and so a smarter

person thinks you know what there's a

treasure there someone's already been

there right so why don't I just get a

map

and all I've got to do is that's gonna

follow the map I've got to follow the

GPS and you know I follow it it's gonna

look down see what it says okay I'm

gonna take X number of steps this way

and then you you know put it on pause

and you do it that's like watching a

video watching going through a course as

they tell you what to do to show you how

to do it you pause the video or you know

you wait - the video is over and then

you do it and then now you're ready for

video number two and then you watch it

you find out the instructions and then

you do it and you're just following the

steps and that's gonna always be the

most guaranteed the fastest way that you

can possibly get to where you want to go

and it was even better I use this

example when you have coaches and

mentors and people like that is that if

you get lost you know and some you're

still kind of lost or confused you can

actually have a helicopter that comes

and picks you up or a coach or a guide

that can actually guide you through the

jungle as well there's different ways

that can allow you to get to the

destination a lot faster a lot sooner a

lot easier so I learned this the hard

way

I was the kind of person that I'm sure

many of you guys might be watching this

video or like as well where I was too

stubborn and I was too cheap to be

honest as well where I I my values and

my beliefs were really messed up where

I'd much rather put my money on going

out with my friends and all the sort of

stuff then actually investing that money

to my own education my own well-being

and my own success and so for me I

refuse to do this for a long time and

that's one of the biggest reasons why I

struggled for a long time and then once

I finally got this and I learned how

much faster eyes I could succeed and

learn things by standing on the

shoulders of giants and I can literally

compress decades into days my success

just went like that it just became so

much easier for me to be able to do it

and this is so much common sense I'm

still amazed by how many people that

still try to figure things out on their

own through YouTube videos or Google

when they could just get a proven

step-by-step that it's gonna allow them

to get to where they want to go so much

faster so find a course find a training

find the resources that you need that

can guide you even better is if you can

hire a coach or a mentor but that's

gonna that is going to cost you a lot

more money and often

times you don't really need a coach or

mentor until you've already got the

basics down because if you can learn the

basics for example I've got courses

where some people they reach out to me

for mentorship and I'm like well listen

to it why don't you just go through my

course first because everything that I'm

gonna tell you based on the level that

you're at is gonna be right there in the

course I'm gonna save you a lot of money

just go through the course and then once

you've been through that then I can

actually help you because you've got the

foundation and it'll be a lot easier

after that so that I think that's the

best way best way is to find the

step-by-step courses video trainings

it's not gonna overwhelm you it's not

going to get you lost you're not going

to be confused that's number one if you

can get coaching that can help you some

additional questions that you might have

or a specific feedback that you might

need then sure that's definitely gonna

be valuable for you but you know the

thing that you got to realize is that

you're building a business okay a

business and if you're not willing to

invest in your business you're not

willing to invest in yourself then my

advice is not even to get started

because I think a lot of people they get

into this thinking that their business

they're gonna start a business that's

going to immediately provide this income

for them it's gonna be the solution to

their their financial troubles that they

have and if you're looking for immediate

income then you need to get a job

because a business is not going to

provide anything immediate back a

business is an asset that you're putting

time and money into because of the

future possibility and potential that it

has to give you that money and that

freedom in that passive income but

you're not gonna get anything back right

away it's gonna take a few weeks a few

months of putting in that work that time

energy and money to get something back

from it so if you're looking for the

immediate the magic you know pill of how

to make money then you got to get a job

you've got to you know do certain things

where you put in the hour and you get

paid immediately back for that hour you

get paid for that project that's the

more immediate way you gotta make money

but you got to understand this business

you got to treat it as such you got to

take it seriously you've got to be

willing to invest time money sacrifice

it's gonna be willing to put that into

it if you want to get the results back

and a lot of people don't want to do

that and if that's you if you're not

willing to invest in the right

education or course then there's not

really much that anyone can really do

for you until you you you decide that

you're gonna take it seriously enough

and your own life no success seriously

enough that you're gonna do what it

takes so that's my advice when it comes

to that is be willing to invest in

quality training the best of the best

that can allow you to succeed easiest in

the fastest way possible if not then

that's fine just maybe it's not for you

maybe you can work you know a job maybe

you could save money put it aside so

that you're ready to start your business

but I would not get started if if you're

going about it on your own okay step

number three be willing to put in the

work take massive action it's great that

you might have invested in the course

you got the training you got the

education but it doesn't have much value

unless you actually do something with it

at least the fact what I found is the

people that actually invest in something

there are a hundred times more likely to

actually do something with it versus the

people that just watch videos for free

I've got a YouTube channel that reaches

1.2 million people a month or views per

month I'm not sure how many of those are

unique views but over a million a

million plus views a month 30 million

views one thing I'm always amazed by is

most of those people that watch my

videos it's amazing content a lot of

people love my content you know a lot of

subscribers that I have I get a lot of

great feedback but most people don't do

anything with any of the information

that I share and it's almost like I

always have the struggles like I want to

put out the free information but most

people aren't going to do anything with

it because they're just in this passive

mode of consuming and not creating not

not being active their passive not

active and it kind of feeds into that

but at least it brings awareness and it

does help the people that are willing to

take action but I found that most of

them it's not until they actually invest

in a course or invest in themselves

they're actually gonna be more likely to

actually do something with it because

they've got skin in the game they've

actually now invested something the more

you pay the more you pay attention I

remember once I I've invested over

$10,000 for one seminar one

weekend seminar once and I also invested

$25,000 in a coach and I've invested

more than $100,000 easily in my own

education when I was success and some

people think well you're crazy why would

you do that well I make millions of

dollars a year today I've made million

you know a lot of money and I've created

an amazing lifestyle not just financial

but life mastery relationship how fit

all the different aspects of life and

the results don't lie results speak for

itself and so this is what's allowed me

to get to where I'm at today is because

of being willing to invest in all

aspects of my life so that I could be

the best that I can be but again you

have to do something with it you have to

take action you actually have to apply

it but once I spent ten thousand dollars

in a seminar which is a lot for me at

the time man every single word the

speaker said I wrote down I'm looking to

the people next to me you know a lot of

people that's kind of these casual

seminar goers they don't do much with it

it you know either maybe they have you

know it's they don't value it as much or

didn't you know the ten thousand dollars

it cost them wasn't a lot to them for me

because it was so much and it took me so

much to get there I valued the

information so much more so every single

word the speaker said I'm writing it

down I'm going back to my hotel room at

night I'm reviewing my notes three times

before I go to bed I'm creating an

action plan tonight got so much more out

of it than other people that didn't

value the information in the same way so

I actually found for me and I think for

many people as well is that when you

invest even though it's a lot for you

you're gonna get more out of it because

of that it's been gonna become more of a

must for you right it's gonna be

something that you you you have to

follow through on because if you don't

well you just wasted all this money on

this course and you're not gonna get any

benefit from it so massive action guys

you have to you have to be taking action

with what you've learned one of the

biggest challenges that we live in

today's world is there's too much

information out there's information

overload and I mentioned before it kind

of puts you more in that passive state

and I believe that you know a good ratio

that I try to follow is for at least

every hour of learning of what

going through a course or even go

through videos or podcasts for every

hour of learning I'm gonna spend at

least three hours in implementation and

execution of that okay so if I go

through it you know of course in that

spend an hour I want to spend at least

three hours actually applying what I

learned you know taking action with that

and that ratio that one hour to three

our ratio I think that's a good amount

if you can give me you know lesson it to

ten minutes that one to three ratio I

think is a good amount but you've got it

you've got to just build a habit of

action in your life and understand that

the more time you just spend sitting

there consuming information you're

building that habit as well so you don't

want to build the habit of just being

passive you also yeah and I think you're

gonna learn so much more excuse has

always been my experience you learn so

much more by doing then you're there

just by sitting and learning so you

learn it you take action with it when

you actually taking action with it you

you actually understand it a lot more

there's actually a saying that goes like

this what I hear I tend to forget what I

see I remember but what I do I

understand

okay so doing and if you guys know the

three levels of mastery knowing doing

living most people knowing it's not

enough right you can know what to do but

you don't do what you know they're not

going to get results doing is great too

but you got to do it consistently which

leads to living your living something

when you're getting the results and

you're doing it consistently in your

life so gotta take massive action you've

got to build those habits now here's a

thing a lot of people when they're

trying to pursue success they're trying

to build them online business you're

gonna have a lot of barriers come up

here's one thing I love about an online

business or any any amazing pursuit in

life is that it will always expose your

weaknesses it will always expose your

limitations it's gonna it's gonna point

out why you're not successful and maybe

it's gonna expose your lack of

consistency your lack of focus your lack

of your procrastination your lack of

massive action it's gonna bring up your

fears that you have your doubts or

limiting beliefs that's all a good thing

why because it brings awareness to that

and you can actually address them

you know you're starting to pursue your

online business you notice that certain

things come up for you

well the person with the growth

mentality says okay this fear is coming

up I've got this limiting belief okay

great now I can I I'm glad that it

exposed this because now I can address

it now I could do something about it

now I can work on myself and I know this

is what I got to work on so that I can

break through the next level for me it

brought up so many different things I

had no awareness of before but it was

good because I had to work on those I

had to work on these fears I had a fear

of rejection you know I had to I had to

address that and took me a while but the

thing is is that everyone's gonna have a

different journey and that's what's

going to determine your success even

though you might have the right

information you have to overcome these

hurdles these internal hurdles that we

have that are holding us back and that's

why I also believe that in any journey

of success you've got to be working on

yourself you've got to be doing personal

development you've got to be going

through books and audio programs and

maybe going to seminars and getting

coaches that can help you improve and

resolve these inner conflicts that you

might have right so if you have if you

have limiting beliefs holding you back

you can hire coaches that can help you

overcome them you can go through books

and study how to focus better you can

study how to be more motivated you can

study how to be more disciplined all

those things you can study you can learn

about how to improve your confidence

your belief systems your abundance

mentality all right so you can you can

work on yourself to improve it and when

you improve those elements of yourself

then your online business will succeed

so much faster and every other endeavor

of your life will also succeed so much

faster as well so this is saying by Jim

Rohn which is a great success coach who

passed away a number of years ago you

said you've got to work harder on

yourself than you do on your job or

anything else work harder on you because

he said that for most people your income

seldom exceeds our level of personal

development the more that you grow and

you improve yourself the more your

income grows and every other aspect of

your life grows as well so I believe

having a self development practice in

your life

has to be a priority as you're building

your online business as you're going

through courses and trainings and all

that sort of stuff so that you can

improve you now some people maybe they

don't need need this as much but I know

people like myself and a lot of people

out there we have a lot of blocks around

money around our habits a lot of old

conditioning and all these things that

are holding us back in spite of the best

intentions in spite of the opportunities

that are available to us ok so really

work on ourselves next the next step

guys I believe is to focus more on

adding value and contributing and

solving problems than focusing on just

making money for yourself this is a

tough one for a lot of people including

myself when I first started see a lot of

people are starting an online business

because of what it will provide for them

right they're focused on I want to make

I want to get this back in return I want

to make X amount of money what's my

return on investments right and it's all

about them but the problem is you can't

succeed with that thinking you can't

succeed with that mentality because the

reality is you only get paid in business

based on your contribution you know your

job as an online business owner as an

entrepreneur is to solve other people's

problems right there's other problems

that exist in every market every niche

out there and your job is to solve them

by creating a product a service that can

help solve their problem and add value

to the customer add value to the market

in some way shape or form and when you

do that and you contribute to them

they're gonna pay you in exchange for

that there's an exchange of value that

takes place you're providing value and

then you're getting value back in the

form of money now also might be creating

content you know I'm a content creator

the mindset that I have if I if I'm

creating YouTube videos guys and I'm

just like volt I just want to do this

just for what I can get

I want the views I want the subscribers

I want to make all this money that's

gonna come across my video if you guys

don't benefit from it I don't make any

money if you guys don't benefit then why

would you even subscribe why would you

watch more videos why would you buy

anything from

it doesn't it doesn't work that way so

that's why you've got to take yourself

out of the selfish and mentality and you

have to put yourself in a different

mentality of a giver and you have to be

okay with getting more value than what

you get back I love that guys I love you

know for me when I provide way more

value to people and I try to over

deliver for them and they are blown away

by that and I create a raving fan

customer right someone that's gonna want

to buy more and more for me and it's

gonna allow me to build my brand and

that's what I try to do with my YouTube

videos I try to give away so much for

you guys for free

I try to over-deliver I try to help you

as many ways as I possibly can and I

believe because of that I actually don't

really need to market or sell that much

because I'm already given so much for

free and so much benefit that a lot of

my customers and people that before they

buy my products they're already a raving

fan they know it's gonna be great they

I've had people they even buy my stuff

not even because they wanted or need it

just to show appreciation and want to

support me right that's the power of

contributing to other people's lives and

being in that mentality now I think the

challenges is that a lot of people when

they have a job they're in a more of a

value extraction mentality right they're

going to work each day and they're just

looking at their job as a way to extract

value from their employer they're

looking at the clock you know waiting

for five o'clock to roll around and

they're just waiting for you know to get

their paycheck every two weeks and

they're looking to do the the minimum

effort you know whatever the most

minimal that they could possibly do to

get paid they're not in the mentality of

trying to provide massive value to their

employer they're not in the mentality of

trying to over deliver worked extra

hours you know don't worry about paying

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