But I am not spending the money on overseas seminars, courses or mentoring.  For some reason in the internet marketing part of the world, people see spending money on training as an investment (that training is often conducted by people who do not DO what they train, nor have any real expertise in what they train) . Yet those very same people do not see spending money on putting what they have learned into action as education, and so they don’t do it.

Real life experience trumps theoretical every time.

As is shown every year in The Challenge the entry level into creating something from nothing and make money from it on the internet is tiny.  If you can string a few sentences together and have a few dollars you can start making sites that will either find you a market to sell or market to, or sites that you can sell for more than your dollar outlay. If you truly want to have an internet business then every time you actually do something instead of passively absorbing information , you should be making a note of what you have learned (which is why so many internet professionals go back and do the Challenge each year).

I am not saying the more money you spend on getting something to market the more you learn. Again using the Challenge as an example, I learned more in my first 30 Day Challenge as I created my first niche blog on a free platform, than I did at a $500 weekend seminar a couple of months before. It was then I vowed that I would not continue to waste money on “education” that was not practical in nature.

If your read my post yesterday you would have seen that I am not being passive in how I am tackling my “hammock” life. My hammock is all about creating an online business that uses software as a service (SaaS) as its product to sell to people who are trying to make a professional go of their online business. To do that I am going to have to spend money, a fair bit of money. As much as some Internet marketing gurus sell their seminars for. Instead of walking out of a seminar with a good feeling, and some written notes that I may never look at again, I will have a tangible product (two actually) and will heave learned a great deal on what, and what not to next time (that’s if I need a next time, but knowing my entrepreneurial streak, there will be;)).

Do not be fooled that theoretical education is the best kind of education. There’s a reason why many of the names you know who are incredibly successful never obtained a degree or even finished high school. Real experience was their teacher.

Thanks to Pollyanna UK for the image