My 2012 Make Extra Money Online Goals
In the first week of 2012, I was busy thinking and working out my Make Extra Money Online Goals and detailed to-do plans. Meanwhile, I was reading others as well. I’m revealing here so I get countable by you and love to catch up with yours.
After all, it’s my personal goals. Everyone is different. I am working hard to archive them on daily, weekly, monthly, quarterly basis. I properly will do monthly and quarterly update here, revisit them, and be flexible to adjust them on demand.
1. Making $100 a day
To keep it simple and easy to break-down, I plan to make $100 extra a day in average. This is a great goal to set and make and would make very nice impact to my financial and family.
Extra $100 a day is my part-time income and I would make it as “passive” as possible.
Jan 2012 would be my income baseline for 2012, I will maintain and grow my Adsense and Amazon Affiliate income to make $100 daily consistently. For now, I am making $5 a day on Adsense and ~$30 on Amazon. (Last Nov and Dec were my peak and I had many $100 a day.)
This is a nice goal, then HOW?
I have some success and experience with Niche Site Building. Making money online with Niche Sites is a number game. My Goal is to have 10 High TrafficAdsense focus sites and 10 money-making Amazon Affiliate Sites by the end of this year.
In order to weed out the winners, I’m going to launch new site every week. I’m optimizing the process (More you do, it would be better) and plan to spend 5 hours and $50 per site launch (I gonna document the case-study, my process, and outcome in the near future.)
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2. I put in 2 hours average ONLY a day
As you may know, I am working on this MMO part-time after 9-to-5. With busy schedule at work, spending time with the family in the evenings and on weekends, taking care of the kids to and out of schools, I only have 1-2 hour quality time working on this online business. Over the weekend, I prefer taking rest for my brain and spending time – reading and playing with my kids (they are the reasons I am working extra hours.)
My Ah-ha moment in 2011: I am working on this business as a Project Manager. I wanna get a part-time job managing web projects, rather than sitting in front of the computer screen longer. I do and work on the computers all day long in my day job already.
I need life-balance and got burned out a little bit in 2011. I realize I don’t need whole a lot of extra part-time income. 2 hour extra-work is all I could put in and shouldn’t de-quality my life like less sleep, more stress, and less time with the family.
Sometimes, I spent more than 5-10 hours on weekend in 2011, which was not desirable and expected anymore.
In order to just spend 1-2 hours a day, I am outsourcing my “growth area” which is article writing and backlinking. Day-in, Day-out, I think and plan about what to outsource and be effective.
3. I will spend $500 a month on this business
There is no free lunch and a push button to make money online. If there is one and working for you, please show me and let me know privately. 🙂
In order to work less and scale up my business, I plan to spend around $500 a month including web hosting, services, and outsourcing. The investment will grow when the income rolls in as well.
Also for continual education, I’d buy information products, training, WSOs, and Software so I could keep update myself and save time in different processes especially site building and backlinking.
I have a detailed break-down of my expesense for this month, I am just taking action to spend it!
4. Writing a Blog Post once a week
In 2010, I wrote 5 posts when this Internet Marketing Tips Blog was launched.
2011, I was a little motivated and posted another 5 whole year.
I didn’t really have schedule and goals to reach. This year, I’m posting at least once a week. This is not my highest priority, but I’m trying to make it.
The reason is there are so many hypes and spams in MMO niche. I was information overloaded and “spam’ed”. I wanna contribute back to this community, I made some extra money successfully and hope I could help others to archive it as well. It’s do-able for part-time income.
Please note that I am doing this NOT full-time. My capability, time and resource is limited, but scalable. I will promote products I am using and working for my business.
5. I will have an Income/Expense Statement every month
I have pretty mess up income / expense data and bank statements in 2011. I admit that this business wasn’t planned. I was doing it part-time for education and fun (as attitude) and didn’t really think as a business owner.
I was a little bit lost-track of my expenses across multiple paypal accounts, credit cards, and checking accounts. I probably need to sort out for the 2011 tax purpose this month.
My plan for 2012 is to simplify my Expense and Income booking in 1-2 Checking Account and a few Credit Cards. By the end of each month, I only need a little time and will find out how much I spend and make Online.
6. I read a business book every month
My college education, work, and background is all about software and engineering. In order to be effective running this Online Business, I learned and realized that I know very little.
I don’t like reading much and didn’t read many books completely. In order to grow myself and this business, I am reading ONE business book a month. There are tons of good books out there. I’m selecting and planning to read ONE a month.
Reading would let me think and learn new ideas. After thinking and exercising those, they would become part of me. 🙂
I got this in Dec and plan to finish it by the end of this month: Secrets of the Millionaire Mind by T. Jarv Eker (my aff linke and you could read the first chapter FREE online.)
As a side note, I do have other goals for my full-time job, family, and health in 2012.
I am doing exercises 3 times a week and schedule to have lunch or dinner out with my wife once a month. Will keep you guys on post. I’m just a typical family man and daddy. 🙂
What are your goals in 2012? Would you share with me so I could keep you accountable and follow up with Email and on your blogs?