Exit strategy - prepare well in advance
After a few years of working online I think it is only prudent to have an exit strategy, well it is for me seeing as I want to retire early, or at least have the option to retire when I wish instead of when I have to.
So far I have managed to make money online for which I am grateful and working from home is a blast especially with the summer coming up, can’t complain at all. I have managed to think outside the box and offer products and services and pretty much along the way I have had a basic strategy or plan but nothing that would be classed as a business plan, I think many of us have floated along trying to make the best of what we can with limited means and knowledge, after all how can you have experience of something that has just been invented!
For the most part my plan if it could be called one was along the lines of
1/ Get good rankings
2/ Therefore get lots of traffic
3/ Monetise that traffic through various income streams
4/ Then constantly worry about stability and losing traffic and income!

It can be unproductive and often boring sending out email after email to try and lease out some of my sites, so many companies seem to be making contacting them by email nigh on impossible! Spam has played it’s part in that I am sure.
I love website ideas that let users create content and interact with each other, all the while they create free content and improve your site in a fashion that lets you stay hands off. Starting a site like this is slow and painful but once they get natural momentum they can really take off, you don’t even have to have an in depth knowledge of the subject.
I was speaking to an old friend this morning who has had nothing but trouble with his hosting/webmaster and was asking for advice as he is treading water, at present he pays a monthly fee to cover small website changes and the hosting but anytime he needs something done it is never carried out.
Surely you can’t make tens of thousands if not 6 figures with only a limited budget of say $1k?
If
OK today I’ll jot down very quickly what I have been doing with some success as regards looking for domains, finding one’s that may be suitable and backing that up with data.
Making money online certainly isn’t as easy as some would like to make out, in fact at times it can be pretty damn tough going but there are opportunities online for most kinds of people and having a closer look at those main 4 groups of current earners shows new opportunities ripe for stepping into by a new breed.
First I have to quantify this post by saying I don’t know anything about domaining so these are my thoughts on the subject but that doesn’t mean anyone should take it as advice or the like
How did you start out?
