Business, Making Money, Self-Help

Time Management: How Much Is Your Time Worth?

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Time Management: How Much Is Your Time Worth?

Working 14-hour days trying to figure out how to develop and launch a new product or service is not uncommon for most internet marketing professionals. But do you really understand the value of your time? I did not!

Hourly workers know the value of their time. Most successful commission sales professionals know the value of their time, and successful salaried workers know the value of their time.

But what about you? It’s a different story for the online business owner! You probably work more than eight hours, day and night, and then think about your business even when you are not sitting at your computer working on it. If it’s a passion of yours then it is even more challenging to figure out the value of your time.

Maybe you don’t know the value of your time. Many people don’t, so you are not alone. But knowing the value of your time will help you manage your scheduled and make more profit.

To figure this out take your income and divide into your total hours worked. It’s not a perfect calculation because it doesn’t account for the hours that you spend thinking and it doesn’t account for your expenses, but you are busy enough that a rule-of-thumb calculation is provide you with enough information.

It’s probably a good idea to make this calculation based on a week or maybe even a month time frame. This will smooth out the fluctuations that occur in your schedule and in your customer’s buying patterns. This calculation will require you to monitor your work time for a week, which a good exercise to do regardless.

For most new entrepreneurs the value of their time will be just a few dollars an hour, or even less. Don’t feel bad if that is the case with you, it will rise quickly once you learn what works and does not work.

Now you have a baseline from which you can measure your progress. Improvement in time value will be more objective and less subjective. Time Management is the key for improving your bottom line and spending more time with people you love.

“When you do the right things consistently, over a long enough period of time, you are positioning yourself to be in the right place, at the right time, when opportunity strikes.” Michael “MJ The Terrible” Johnson – Founder & Owner – Masters of Money, LLC.

5 Important Reasons Why You Should Learn & Practice Proper Time Management – https://www.mastersofmoney.com/5importantreasonswhyyoushouldlearnandpracticepropertimemanagement/

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About mastersofmoney

Masters of Money, LLC., was founded by Michael "MJ The Terrible" Johnson, to create and sell how to information, to people looking for ways to make and save money. The goal of Masters of Money: Provide the tools, resources, and strategies, to help anyone who wants to be more successful, create the life of their dreams. Masters of Money's products and services list: Opt in email marketing - Online advertising - Social media marketing - Content creation - Content marketing - Internet marketing - Public relations campaigns - Web design - Direct response marketing - Copywriting - Company and / or product branding campaigns - Fundraising - Lead generation - Company and / or product launches - Business consulting - Partnering for profits campaigns - Blogging - Content library development - Content library maximization marketing - Multi-channel marketing creation and consultation - Ghostwriting - Ebook creation - Company continuity programs - Ezine creation - Ezine marketing - Digital newsletter creation - Digital newsletter marketing - Content trading - Information brokering - Company and / or product endorsements - Guest blogging - Business opportunity offers - Create and sell making and saving money strategies and information Company contact information: Foreign Corporation (LTD) AG. d/b/a Masters of Money, LLC. 3839 McKinney Avenue Suite 155-2281 Dallas, TX 75204 Phone #: (214) 744-3581 Fax #: (214) 599-9192 Email: info@mastersofmoney.com Website: www.mastersofmoney.com Blog: www.mjtheterrible.com
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