How Much is Your Time Really Worth?
This is going to be one of the shorter posts I write on this blog, but you shouldn’t take this question or topic lightly. Over the past couple of weeks, I’ve found myself busy with my “real work” (i.e. 9 to 5 job) and enjoying the summer outside of work. When this happens (this isn’t the first time and won’t be the last), my online work and business tends to suffer.
It’s easy to brush it off and say, “I’ll get to that later” or “I’m not working on anything urgent” but if you really sit down and think about it, your time may be more valuable than you think. How much is your time really worth?
As I mentioned, this post is going to be short and sweet, and it’s the first post I’ve written in over a week (which is rare on this blog), which is a reflection of how busy I’ve been. I don’t like when I can’t blog at least once per week, and usually when my blogging time suffers, so do all of my other projects.
This post is a reminder to myself (and you) to keep your goals in mind and the true value of your time. To illustrate what missing one day could do to your bottom line, I’ll give you an example of a site that I essentially built in less than a day (~6 hours), 8 months ago (it’s one of my Amazon niche sites).
Between Amazon and Adsense, I’ve earned $147 since it was built. Keep in mind, the site wasn’t ranking in Google for 4-5 months. Also keep in mind, this site could continue to earn money for years. I wouldn’t be surprised if it easily clears $1,000-2,000 eventually. All of that, for roughly 6 hours of work.
The bottom line is, even if you don’t feel like your time is valuable or you feel you can put a non-urgent project off for a week or a month, you’re missing out on a ton of potential.
What do you think?