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11

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.

My 2012 Make Extra Money Online Goals
My 2012 Make Extra Money Online Goals

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.)

To get my exclusive weekly tips and blog update if you are interested, feel free to get your FREE  weekly tips update .

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.)

Other Goals

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. 🙂

Your Feedbacks

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?

30

5 Creative Ways to Make Money Online

Are you looking for THE secret to make money online creatively? Have you been overloaded by tons of spams selling you how to make a bunch of money in a short period of time? I don’ t have an answer here as I am still learning in my journey.

As you may know, I have been reading about Blogging Tips, Make Money Online, Passive Income, Internet Marketing, Working from Home, and Online Lifestyles that kind of niche blogs for a while. I kind of enjoy learning and interacting with other bloggers. Sometimes interesting and creative ideas are fun to read and inspire our lives.

These are just creative examples in case you are not aware of them. I was just impressed and became their readers / subscribers. In my opinion, they are super creative. Just that they involve your creativity to be very successful in the competitive market.

1. Making money out of iPhone Apps

Pat from SmartPassiveIncome shows how much income he makes on iPhone Apps. I kind of enjoy reading his monthly reports and how things break down such as his June 2010 one.

Some of free apps make money out of Ads or upsell you to the paid one.

Pros:

Mobile is still growing and there is a huge potential
It’s a proven model and more than 225,000+ apps in iPhone AppStore and 100,000 apps on Android MarketPlace.

Cons:

It’s a very competitive market.
The learning curve is steep. Not everyone could develop Mobile Apps and make profit of it.
There are basic investment on hardware and developer cert publishing those apps on the mobile devices.
Technical is the first step. Marketing your apps is tough. There are thousands of apps in the store and market. Hard working is needed to stand out; Luck comes second.

2. Online Ads is way to go

Advertisers and Internet Marketers buy Social Ads on Facebook or CPC (Google Adwords for example) and direct the visitors to their offer or landing pages. If they pay and buy goods, advertisers get paid through affiliates.

Pros:

You are going after targeted prospects.
It’s fun to monitor your Campaign and see money flowing in I guess.

Cons:

Ads is costly.
You really need to know what you are doing; otherwise will lose the budget and no return coming in bucket.

3. You could make decent income through Amazon Associates

I love shopping on Amazon as it’s free sales tax and free shipping. I didn’t know you could make decent income with niche blogs selling their products. It’s hard work but possible.

Pros:

You are promoting physcial goods instead of ClickBank Information Products
You are leveraging Amazon’s trusted branding
You don’t need to carry stocks and do customer support. They will handle all and you just need to send quality traffic to them.

Cons:

Not friendly for international customers. People hate paying extra shipping.

Some niche are very competitive such as Baby Products and Electronic. You get to be creative and work extreme hard.

4. Flipping websites

I recall I read a few blogs about successful building their online business with flipping websites and selling them.

Pros:

There are reliable channels to sell blogs and websites.
The entry cost is low; probably the domain name and hosting are required only.

Cons:

You need to have process to transfer your blog after transaction.
You know the skills to build a profitable one.

5. Spamming around on Twitter and social network

Just kidding. Don’t do it and you will get people unfollow. :)Debate:
Do you have any other Creative ways making money online. Please feel free to share.

Pros:

Easy, just create a free account to fish around with your product affiliate links.

Cons:

Bad for yourself and your branding.