Make Money While Others Sleep

One of the great sales pitches used online is the ability to “make money while you sleep.”  There is some truth in that statement because of the nature of the industry. You can make while you sleep, but only if you spend your waking hours setting up the systems that will enable you to do this.

What I have observed is that most people with money make their money while other people sleep. That is to say that they work for it. The people with money are taking action while many of sleep – or watch TV, or are involved in other forms of recreation.

One of things that never ceases to amaze me is the mental aptitude (or lack of it) with a lot of successful people. They were not the smartest kids in school, in fact many of them dropped out of school at an early age. They may have successful businesses, even serial successful business, and yet talking to them you might wonder how they did it.

They all have one thing in common. They took action.

While others discussed the pros and cons, or thought someone should do it, these are the people who went out and did it. They learned as they went, they failed, they got back up and tried again. Eventually, it paid off for them. Yes, I know that some people took a different route and got University degrees, corporate jobs, and eventually bought a company or started their own, but they seem to be the minority.

People who are successful in this life tend to be action takers. All the knowledge in the world will do you no good unless you take action. You can attend as many courses, seminars, programs as you can afford and it will do you no good at all unless you go out and take action on the information you learn.

Another interesting thing about these successful people is that they don’t wait until they know everything there is to know about something before they take action. Yes it pays to some due diligence before launching into a venture, but there is nothing like on-the-job training to accelerate the learning process. The key is to be able to learn from your mistakes, and learn quickly. Don’t keep repeating the same mistake hoping for a different outcome. Find a way to fix it.

Don’t fear mistakes. Many people are afraid to do something in case they fail. Thomas Edison, inventor of the light bulb, is credited with this quote when questioned about his failures “I have not failed. I’ve just found 10,000 ways that won’t work.”  He did not invent the theory behind the lightbulb, but he set about creating a system that could be reproduced  where electricity generated light. He did not look at the early attempts as failures, rather as narrowing the options. When he exhausted all the methods that wouldn’t work he knew he would be left with the way that would!

Another quote attributed to Edison is “everything comes to him who hustles while he waits.” Or put another way “Great ideas originate in the muscles.” Edison knew well that success required action. People who took massive action were the only ones reaping massive rewards.

The world has changed since the days of Edison, but the principles of success have not. If you want to be more successful than those around you, you have to take more action than they do. Make money while others sleep.