|3-4 months to get full-time income...|
I've been busy building sites, getting visitors from SE's and just started on adwords. Making around <snipped> per month at the mo. Just found out from my j.o.b. they have to get rid of one of us so I opted to be the one to leave (I like a good challenge!). I've got 3-4 months to get my income to at least triple what it is now!
My plan is to do the following:
1. Keep building content + increasing links to my sites, and reviews of products linking to aff. programs.
2. Use PPC (Adwords, etc).
3. Diversify into other niche markets and do 1-2 again...
Ok there you have it. It's simple but it's worked so far (for me)! Any other ideas or suggestions for upping my income?!
[edited by: mack at 11:19 am (utc) on Oct. 2, 2004]
[edit reason] See sticky [/edit]
I'm not sure that tripling your income in 3-4 months is realistic. If it were that easy then probably everyone would do it. What's easier to do is to slash how much you SPEND, so you need less income. I lived quite comfortable on $1100/mo. or less for quite a while during the time I was building my business. One thing that helps a lot is not having a car, that sucks away an average of $7800/yr. for the average American, according to AAA. I bicycle everywhere, though if I wanted I could get a scooter for a couple hundred and get a hundred miles to the gallon. Even accounting for the occasional cab I take I still save a bunch of money vs. owning and maintaining a private automobile.
If you're dead seat on multiplying your income in a hurry, then I would keep doing what you're doing, and also offer aggressive referral bonuses. Tell a new client that you're building your business and that you'll give them a 50% discount off what they paid if they refer someone, or a 100% discount if they refer 2-3 new clients. Go for volume.
Thanks Michael, don't have a driving licence so not much choice with regards to a car! :-)
Thanks for the 'cutting down on expenses' advice though.
sounds like a good plan to me.
just do more of the same, some projects will work, others not.
you seem to have the most important quality anyway - bottle
I have certainly not done what you want to do.. so don't consider what I say the final authority, but I believe you are on the right track.
Personally if I was in your position, I'd plan on living off that $1100 a month for up to 5 months after you get fired.
Before the Firing: You work like crazy now and save as much money as possible, practice living cheaply so you know how frugally you can live comfortable (There is no way my fiance would live off $1100 a month, she NEEDS to get out and do stuff, I on the other hand can go a very long time eating ramen noodles and working (If it could lead to financial independent within a year).
After the Firing: If you have tripled your income, just continue what you are doing. If you haven't, make sure you stay within your $1100 a month budget and honestly lock yourself in your apartment and work like crazy until you do. Work 12 hours a day, work on weekends, don't go out for drinks.. order pizza and work on friday nights... (you get the idea). If you kept this up for 1-2 months MAX I think you could get to a point where you would be earning $3000 a month.
That would be my "What if" plan.
Side comment: Be sure not to forget about taxes in your planning. Keep a good paper trail for all your web-related expenses so you can document every legitimate deduction against your business income.
Thanks for your responses guys!
off topics: wow you guys can live on $1100? that sure doesn't leave a lot after rent/mort.
Good year last year (well the first 6 months of this year) paid the mortgage off even, went on regular trips and stuff.
This was after 2-years of work, maybe 12-hrs per day min, but now the benefits - I earnt it, gradually built up
Crunch time, last 6-months not good, I just borrowed 10k..jeez I aint told my wife yet. Pessismistic no chance, just open a beer and start over.
Moral, drink strong beer -;)
Seriously, it can be done with blood sweat and tears and always have a plan b if things don't turn out as quickly as you may think.
I'm not going to give up and go back to my old boring regular job until i'm seriously starving hungry, but point is I still keep in contact with people in my previous industry should the nightmare reccur, -; and I have to return to "work"