According to experts Andrew and Daryl Grant, there are three key elements for succeeding on the internet. In this snippet of an interview conducted by Dale Beaumont, Andrew and Daryl share not only these key elements but also what it is that holds people back from succeeding on the internet.
In 2000, Andrew and Daryl had their first child and decided to reduce their time commitment to their consulting business. They set a goal to replace their income with passive sources by 2005. After trying numerous strategies, the couple achieved their goal when they built an internet business.
What do you think holds people back from becoming a successful internet entrepreneur?
There are three key elements for succeeding on the internet, which we refer to as our success triangle.
- Mental knowledge – a particular level of knowledge on the techniques and what to do on the internet.
- Physical capacity – you need to have a computer with access to the internet; time to complete projects (especially when you are first starting) or staff and contractors to help you develop projects; and money to fund research and product development.
- Emotional beliefs – you need to ensure that the subconscious beliefs or programs you have about money will lead you to success. Many people have subconscious programs about money that lead them to self-sabotage. Negative subconscious emotional programs or blockages often surface as emotions such as fear, guilt or dislike for the people or processes that could bring in money.
When we started our online business we realised that we had been successful in a number of different areas prior to the internet, but our success was limited by our ability to make money through active means. We had a consultancy business where we traded our hours for dollars and although it was very successful, we knew that we only had so many hours in a day. So while we were charging a high hourly rate, at the end of the day there was only so much we could earn. We tried other ways of making passive income, mainly property investing and commodities trading. Although they did make us money, we found that they were also taking up a lot of our time.
As a result our time decreased and our lifestyle suffered. When we started with the internet, the thing that we did that made a difference and allowed us to turn it into a passive income was addressing the emotional side of the triangle. We asked ourselves, ‘What subconscious blocks do we have that are stopping us from creating passive income?’ After working with coaches Paul and Mary Blackburn, we were able to identify the blockages that were stopping us. They were only minor things, but on a subconscious level that was enough.
Whenever you find yourself in a conflict between your conscious and subconscious desires, nine times out of ten your subconscious will win. When this happens you’ll be surprised at how you will sabotage your potential success without even realising it. So, having subconscious beliefs that don’t serve your purpose is one of the main things that holds people back from being successful.
To find out more on succeeding on the internet check out “Secrets of Internet Entrepreneurs Exposed!“.