Target 200,000 USD in a year – A Journal

I think you should be spend less time making organization charts and more time making money...

 

Well thats what my job really is. Making charts, making graphs and making plans. Money comes automatically if you have a proper plan and management in place. If you start making money at the age of 6, selling candies you will never go to stanford and be a Larry Page.

 

Interesting thread- still not sure if I really understand your strategies but I'm looking forward to seeing how this turns out if you keep it updated. Good luck to you.

 

Well you can definitely reach it if you stick with your plan and of course have a solid plan. I started off saying the same thing to my parents who gave me $200 and some excuses to miss tutions, till today i've made up $3650 in 6 months well thats actually pretty good for a teenager.

 

mind if i follow you along to learn the process? even if i dont make 200k id still like to learn what you are doing. id be happy with 50k to be honest

 

I have yet to find anyone (except those lucky ones that inherit their money) to earn that type of income if they are a "lazy bastard" You must invest your brains and patience to achieve that type of goal and both are not easy to come by.

Nancy

 

Really nice thread, when i first read the title i thought that's another stupid topic but it seems you really have a solid plan and necesary knowledge.

 

What will be the project specifit about? i know you have a clear target about revenue but what niche you will be working on??

 

Virtual offices are good step for the people who are doing in for the very first time. As I mentioned earlier, I am in this business since last 8 years, so now I even own a building .

Besides if you have a choice having your own office and setup is better for following reasons A> Providing services - If you have your full time employees, cost is always going to be way lesser, however if you outsource, the outsourcer will always charge a net profit over actual cost. If you have own setup, then you can make some good moeny by offering services. B> Management - You can assign lot of mangerial task to your full time employees, like depositing the checks. With virtual office you have to take care of all of it. C> Exit plan - If you have a full time staff / office, you can exit out of it very easily. Compare it to having virtual employees where if you dont talk to them fora week, your whole business is down the drain.

Very good questions. The first week of the project is on and we are doing strong research on niches. In initial posts I have mentioned basic methodology on how we are doing research. Doing research for niches is make or break step. By Monday end, we will have niches ready and then will post detailed post on niches selected by us.

 

What are you talking about with this? and Who is Larry Page?

 

Well, I wish you good luck! May I ask what's the significance of $200,000?

My only advice is not to focus on the money, and how much you will make, but on what you do and what people will be able to take from it. Think of people first, and then I assure you, you will be able to make much more than $200,000. Why limit yourself like that?

 

If you start making money at the age of 6, selling candies you will never go to stanford and be a Larry Page.

—No, but you could still be Benjamin Franklin.

(Larry Page is one of the founders of Google, it was him and Sergey Brinn)

 

That's wishful thinking, I'm sort of losing the confidence in your idea.

 

$200,000 is target because I live in India. 200 K $ is 1 Crore Rupees in India, that is considered to be a dream figure to make a year in India.

Nope I am not limiting myself to 200 K. read my all posts. I am already making similar money, it is just starting a new venture from the scratch and take it to 200 K turnover.

- lol I never thought talking of good management will invoke such strong feelings. Well I can't help it, unless I know why u are losing confidence in idea because I talked of good management.

 

Allright everyone. Week one is over. Here is the status of week 1.
I have yet to start on Adsense Content sites.
I started with providing service.
I started Auto Insurance niche for lead generation.

Yet to start Payday Loan niche for lead generation.

On Auto Insurance niche, here is the way I am proceeding. First off, registering the domain. In this specific niche, I am going ahead with cityname auto insurance .com / .net / .org domains . Yes, lot many are gone, but still few are remaining. So far I have registered 5 citynameautoinsurance.net / citynameautoinsurance.com It was a tedious job but gave fruitful results. With my experience I have seen that if your domain name has just the keywords an you promote it right, you have high probability of ranking on top. Am still looking for more domains and will register in total ten domains.

On these domains, am going to build 15 page site and then promote it using my link building techniques. I won't stop till these domains are ranking in top 5 for their keywords. It may require submitting 200 articles, be it. If you are ranking right for Auto Insurance, you can make a lead each day from each city traffic. Good thing with auto insurance is if someone is searching for Auto Insurance in Houston, 25% time he is a direct client. People take AUto Insurance from any agent who can provide better deal. Compare it with Life Insurance, people don't really fall for agent, instead they go for a better company and hence they are careful in filling forms for Life Insurance. Auto Insurance ifyour traffic is right it converts like Gold.

It is always good to see start money coming. So I started using Yahoo Answers. At Yahoo answers, if you are at Level 1, your links in answers won't be hyperlinked. You have to be at level 2, so that your links are hyperlinked. In 3-4 days, we got 3 of our accounts at level 2. Using these started promoting redirect offer site. Yesterday we posted 55 answers. A few answers were posted even day before yesterday. I have may be 100 answers going with link to Auto Insurance site. Received 29 clicks and generated 2 leads each @ 13.25 Total $26.50.

Providing services really won't be the prime money making stuff for us. However again as I said earlier it is good to see money is coming. Made $125 providing articles to a client at elance.

So at the end of week 1, total is $151.50

 

Wow, this thread is a gold mine if you know how to use the information .
By the way what affiliates are you using? clickbank or others?

LE: is it worthful to invest some money in design/looking of the website? do you use free platforms for the websites or some premium scripts with premium themes?

 

You do you find that much free traffic?

 

Good luck just remember,
"automation, community building and branding are your three best friends,
utilize them wisely and your on your way to achieving your goal -
The secret is in the blend!".








ROOFIS

 

Hi nitin22 keep posting bro, anyone has their own dreams and you,ve started yours. Good luck.

 

One of the best advices that you can ever get. Nothing new in that, but not many people do it. In my zeal, I forgot a few. Thx for reminding roofis. Thats why I started the thread, instead of doing it myself and counting the money (With my venture I am alreadyu doing that, though it took 8 years to reach thr). Automation - I am king of automation. Community Building and Branidng somehow I lacked in these two and now I will focus more on these two.