Priming the Pump
The term “priming the pump” generally refers to the steps that governments take to stimulate an economy. However, you may also hear this saying when it comes to internet marketing.
If you have ever tried using one of those old fashioned hand pumps, you know that it can take quite a lot of effort before the first little bit of water comes to the surface and gushes out of the spout. In fact, you can expend a lot of energy pumping away and not see anything.
When I first heard this analogy, I loved it. There is nothing that so aptly describes internet marketing than that phrase alone. I use it often, actually. Anytime someone (a friend, acquaintance, or family member) wants me to describe exactly what it takes to make money online, I use that analogy because it is perfect.
In the beginning, you are pumping like crazy and not seeing a single drop of water. Compare that to working like mad, putting in 12 hour days, 7 days a week building sites, writing articles, creating backlinks, failing, learning, starting over – AND NOT MAKING A CENT.
Is it any wonder that after putting in hundreds of hours, many people are only too anxious to throw in the towel. Most of us are conditioned to expect to be compensated for any work we do – when it feels like you are working free, it is a little tough to get motivated.
However, in keeping with the “pump” analogy, once water starts to flow, it takes much less effort to maintain.
There is no doubt that internet marketing takes a lot of work. In the beginning, I was easily working 10-12 hours a day and not seeing much in return. I can remember feeling so frustrated at the prospect of working for free.
But then it dawned on me that in order to start a business, you have to be willing to invest either time or money. Think about starting a business in the offline world. People take out massive loans and use their entire life savings in some cases – and the majority don’t make a cent of profit for a year or more – or they fail completely.
It’s all about perspective.
When it comes to shoestring startups, what other business is going to allow you to start from nothing with no investment required except for your time? And if you do it right, it will allow you to make a whole lot more than many offline businesses – and in a shorter period of time.
Like the water pump, work like mad and eventually you will be able to maintain it with much less effort.
That is my ideal state. To have something that produces without much intervention. In a sense, residual income. Once you are at that point, you have one of the most valuable commodities available: Time.