You Are Here: Home > Articles > Home Business > Article


Time Management–Time Is Money

by Bill McRea

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!

Ask any part-time employee and they will tell you their time is worth $12/hour or whatever. Hourly workers know the value of their time. Most successful commission sales personnel 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 in to 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.

Bill McRea has contributed many important advances to how Internet marketers earn money online. He is an author, copywriter and product creator. He sells resale rights products and his own products so that others can make money online. His products have taught marketers how to utilize Twitter, how to successfully launch and sell a product, how to market using Squidoo lens and how to market using affiliate products.


Share this article:

TwitCount Button

comments powered by Disqus

Get free news, updates, strategies and special offers from Internet Mastery Center delivered to your inbox. Simply fill in your name and e-mail address to download your FREE e-book in the right sidebar. It only takes a MINUTE!   For top stories in Internet Marketing, follow us on Twitter at @webmastery.


Passive Profit Breakthrough

Passive Profit Breakthrough

Discover how to make your first $10,000 dollars per month and beyond with list building, e-mail marketing and affiliate marketing.

Speed Wealth

Speed Wealth

Discover the secret hacks and tricks used to generate no-cost laser-targeted traffic and generate $100+/day in ANY NICHE!

Latest Blog Posts

For more Internet Marketing updates >>


Tuesday, 20 Mar 2018 03:36 AM


Download your FREE report on social networking/bookmarking.

Monetizing Secrets Of Going Web-SocialInside this 92-page report is a social media marketing blueprint proven to generate more traffic and leads with the latest Web 2.0 strategies. It focuses on 2 hot aspects of Web 2.0: social networking and content propagation. It also suggests resource links to Web 2.0 scripts and tools and how you can employ Internet Marketing techniques to convert visitors from social networking sites.

Subscribe Now...It's FREE!

Connect With Nelson At:


Blog Profits Blueprint

Hosted By Web Hosting by iPage

Submit Your Links

Internet Mastery Center has been providing Internet Marketing expertise since December 2003. Its mission is to ensure every aspiring marketer is well equipped with all the necessary Internet Marketing know-how and programs.
Copyright © Internet Mastery Center. All rights reserved.   
Anti-Spam Policy | Terms Of Use | Privacy Policy | Affiliate Agreement | Site Map