Following Al’s lead on his action plan and goals I thought it a good idea to jot down my aims for 2008 also, a nice reference point for myself in the future to check on, once you put info like this public it ads extra incentive to achieve it regardless of whether someone reads it or not.
So for 2008 my main goals are as follows.
1/ Like Al the majority of my income has to date come from one main website so I intend to have 4 sites or domains that generate at least $1k each individually. If my main tattoo site makes $10k I would still like 3 others doing $1k each per month.
2/ I would like an off-line venture that can bring in income and show good growth, as with everything I look at now time is critical so I have to make sure anything I take on is low maintenance or short term effort for long term gains as there are only so many hours in a day, I am part the way along this road so hope to have something to report on soon.
I feel it is extremely important that I diversify income streams across different sites and methods so that I can maintain an income that will keep my whole family & home.
3/ I would like one seriously good .com domain to invest in and build on, preferably one that I can buy for around up to $10k just now, something that I can build on to ensure it will be worth 6 figures and be looking for a sale after year 3 to 5.
Not an easy task but .com is king and although I have some good UK domains like the recently bought TVs I crave a truely great .com with future potential so magazines like New Scientist may help uncover something for me.
4/ I would like to progress with leasing a bit more so would look to have at least 2 domains or sites leased out on long leases to expand on what I have started there and prove to myself it can grow.
5/ Start generating income from affiliate sales, not something I have touched much in the past, e-sales, subscriptions, leasing a domain and Adsense have been good but seeing the possibilities available at December from Al it is clear that to capitalise on it you need to start early and I intend to get my feet wet with affiliate sales, no monetary targets in ’08.
6/ Add a couple more .co.uk domains to the portfolio, I started by trying to buy anything that sounded good and then quickly realises that I needed to work smarter and secured some good one’s in 2007 for development that were product based with good search volumes, so I will only be looking to buy domains that are extremely good value, I don’t want a thousand domains so trim of some lesser domains and keep a tight portfolio.
7/ Get a top 5 listing for a client, I generally avoid clients and working for other people, it just is not me and I prefer to work for myself, over the last 2-3 years I have had a few offers to work on websites SEO/SEM type of stuff but never knew how to price such work and more than that I have not been interested in it generally.
However I was asked in November to work on one website for one search term – I pondered it and decided that if I was to do it I would have to make it worth my while so said I would but for $1600 per month + expenses, this was agreed to by my client so that is a nice addition to the income and a new source and I have enjoyed it so far.
The site was a few years old and ranked about 200 for it’s search term, it is now ranked 20-30 so I would like to get it in the top 10 by the middle of the year and top 5 after that.
I think I should stop there!
If I achieve all that then I will be very happy and well on my way in my overall 3-5 year plan.
I have an action plan and I have been working on some of the things listed already, naturally if you want to be making 4 figures a month from new sites you need to get them up in some form as soon as possible and build on them so should get a few ticked off within the first quarter of 2008 and most if not all by December.
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