Tag Archives: Revenue Stream
Why Is Strategic Planning So Important In Internet Marketing? (Continued)

Why Is Strategic Planning So Important In Internet Marketing? (Continued)

Let’s get back to the call between Paul Lemberg and Rich Schefren:

A very important question to ask whenever you stumble upon an opportunity:

“Is this going to move me in the direction that I want to go?”

Rich Schefren says:

Opportunist just says: How do I bring the next revenue stream. It may provide you with income, but it will not (less likely to) provide you with equity. Strategy starts with goals Opportunities are still fine, they can help you get to your goal, but strategy STARTS with a GOAL

Myth:

Even if you are very good at working smart, it doesn’t mean you don’t have to work HARD.

If you’re strategic enough, you can bypass work, but if you always act in an opportunistic way and not in a well thought out strategic way, then (more…)

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Why Is Strategic Planning So Important In Internet Marketing?

Why Is Strategic Planning So Important In Internet Marketing?

A very important question to ask is:

How much money do you want to make by doing what, by when?

Less than a year ago, I listened to a call between Rich Schefren and Paul Lemberg. Both of them are extraordinary business coaches. While I was listening to the call, I made some notes… and today I would like to expand on some of the points they made. First of all, let’s make it certain.

What is strategy and what is tactic? Most importantly, what’s the difference between those two?

According to Wikipedia, strategy is a plan of action designed to achieve a particular goal. According to Tony Robbins, strategy is a specific way of organizing your resources in order to consistently get the result you want. According to Wikipedia, tactic is a conceptual action.

The difference between strategy and tactic:

(more…)

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