What Are Money Tasks?
Money tasks are the ones that bring in money for your business. Sometimes, these tasks are obvious. For example, if you’re busy working on an infographic for a client and you send an invoice as soon as you’re done, you’ve tackled a money task.
Some tasks you need to do in your business aren’t money tasks. These can include things like blogging or posting to social media. Unless you’re sharing an offer to buy one of your courses or hire you for your services, these aren’t bringing in any money.
Long-Term VS Short-Term Money Tasks
There are two kinds of money tasks that you’ll do. Short-term money tasks are the activities that lead to money in the coming days or weeks. Writing a blog post for a client is a short-term money task.
Long-term money tasks are the ones where you will get paid. But that payout may be delayed by weeks or months. For example, writing a course on content marketing is a money task. But you won’t get paid until you have the sales page up and have the product in your shopping cart software. So, while it is a money task, it’s a long-term money task.
Stay Productive by Planning Your Money Tasks
Now that you know what money tasks are, you need to create your to-do lists with these tasks in mind. Smart entrepreneurs try to make lists with a mix of short-term and long-term money tasks on them. So, on yours, you might have “write a page for my Kindle eBook” (long-term task) as well as a task like “install WordPress for client” (short-term task).
If you can, try to make your task list the night before. This means that as soon as you’re ready to work on your side hustle, you won’t waste valuable time spinning your wheels. Instead, you’ll be able to jump right into your money tasks which boosts your productivity and allows you to get more done in less time.
Once you get your head around the value of money tasks, you can begin to make your to-do lists differently. While you can still include activities like blogging, you can also made sure that there were short-term and long-term money tasks on your list as well.
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