Selling your time or a product? - Intel by marconet

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Selling your time or a product? Are you selling your time or selling a product? This might not seem like a big difference but it's actually the most critical distinction between a business that makes money and business that makes a killing. And the reason for this comes down to one important word: Leverage. Let me explain what I mean when I talk about selling your time. Because it's true that selling your time can certainly be quite profitable... after all, Lawyers and Accountants sell their time each and every day. And we both know that Lawyers aren't driving Mercedes and BMW 7 series because there's no money in selling your time. But Lawyers also have a high rate of burnout and a low level of job satisfaction. And no matter how smart a lawyer is; there's only so many hours in a day he can possibly bill out to a client. He has to sleep and eat some time. Instead, think about the Top 400 list Forbes publishes each year highlighting the world's wealthiest people. Notice how all of these top wealth generators sell something other than their time? These top tier folks are all using the magic of leverage to generate wealth levels that "workers" will never be capable of doing all by selling their time... it's just not possible. So when you look at any business, the first thing you should determine is if you're selling your time (bad) or selling a product (good) that you can leverage into a larger success than what you accomplish individually without working 20-hours a day. See the difference? Regards Marconet