As my real day job has put some contraints on me over the past few months, it has limited my ability to move forward with some of my web development plans. I have to take a test in 10 days (anyone ever heard of the CCIE Exam?).
So, to get around this issue, and yet still move forward, I decided to hire a developer through oDesk.com.
(oDesk Outsourcing )
He is from the Ukraine, and costs me $20 per hour, but is very good at what he does, probably better than me even, so it is money well spent.
He is creating a user friendly ajax implementation of my extensive database, which I plan to turn into a franchising experiment. I want to allow individual "owners" to manage a particular area, and reap the benefits of using their marketing skills to increase the total revenue, which they will recieve a majority of.
In other news, I found a way to sell more textlinks, and I think I may be able to hit the $500 mark in link revenue by the end of the week.
Here's to successful dreams!
Friday, February 22, 2008
Monday, January 14, 2008
Mo Money, No Problem
The past year has been one of opportunity and progress.
As my goal was not reached ($4k per month revenue from sites), I have made significant progress.
My old cashcow is still producing milk, err, cash. It brought in a total of $800 last month. However, in addition to that site, I have created a niche application on facebook which has 12k registered users, and 500-600 of them visiting each day. I added google adsense to this application, and it is now bringing in around $15 per day. This brings my total monthly revenue to a snapshot of $1250/month.
That is 400% growth from the beginning of last year to now. I would have to throw a few cookies at myself for that, and maybe even a pat on the back. However, there is still alot of work to be done. My goal is still the same, and I am now almost a third of the way there.
I have a few ways planned in terms of bringing in more revenue.
1. Take the data from the facebook application (a religion based community application), and make it into a searchable website that I can get visitors to go to from google. I would love to see an additional $200 per month in revenue from this site by the end of the year.
Goal - $200/month
2. Make finishing touches on the facebook application that I created for my original website, a student campus rating system of sorts. I hope to see a sustained revenue stream of $300 per month from this site, as its potential user base is an extremely high number. This could prove to be a conservative estimate.
Goal - $300/month
3. Create more content that is searchable on my main student oriented website. Currently, it brings in about 1k users per day, and google adsense revenue of about $450 per month. With some real focus, this should double traffic to the website, at the very least.
Goal - $1000/month
4. Add features to the religion based facebook application, getting total installed userbase to reach 20k users, and over 1500 daily users. Current revenues of $450/month should double as a conservative estimate.
Goal - $1000/month
5. Link Sales are an increasing part of my revenue strategy. While its important to keep in mind aesthetics and usability, there are certain systems that allow one to keep links in a very inconspicuous place, and therefore become a very legitimate source of revenue. Current link sales revenue is at $375/month. As my sites become better ranked, I would really like to see this number improve to at least twice this amount over this coming year.
Goal - $800/month
6. Other sites that I currently have contain potential for getting monetized via Adsense revenue. I will try to work on these as well, in small peices though. My prospects for this revenue is conservative, but I still want to get started on a solid 3rd tier in my revenue stream.
Goal - $200/month
So, in a more calculated way of making goals for 2008, it looks like I will accomplish my newly reorganized goals by reaching a monthly run rate of $3500 by Dec 2008. Shy of my $4k goal? .. Yes .. Aggressive and Ambitious? .. Yes. Therefore, I will stick to it, and see if a more organized approach will bring me the success I didnt quite acheive last year.
As my goal was not reached ($4k per month revenue from sites), I have made significant progress.
My old cashcow is still producing milk, err, cash. It brought in a total of $800 last month. However, in addition to that site, I have created a niche application on facebook which has 12k registered users, and 500-600 of them visiting each day. I added google adsense to this application, and it is now bringing in around $15 per day. This brings my total monthly revenue to a snapshot of $1250/month.
That is 400% growth from the beginning of last year to now. I would have to throw a few cookies at myself for that, and maybe even a pat on the back. However, there is still alot of work to be done. My goal is still the same, and I am now almost a third of the way there.
I have a few ways planned in terms of bringing in more revenue.
1. Take the data from the facebook application (a religion based community application), and make it into a searchable website that I can get visitors to go to from google. I would love to see an additional $200 per month in revenue from this site by the end of the year.
Goal - $200/month
2. Make finishing touches on the facebook application that I created for my original website, a student campus rating system of sorts. I hope to see a sustained revenue stream of $300 per month from this site, as its potential user base is an extremely high number. This could prove to be a conservative estimate.
Goal - $300/month
3. Create more content that is searchable on my main student oriented website. Currently, it brings in about 1k users per day, and google adsense revenue of about $450 per month. With some real focus, this should double traffic to the website, at the very least.
Goal - $1000/month
4. Add features to the religion based facebook application, getting total installed userbase to reach 20k users, and over 1500 daily users. Current revenues of $450/month should double as a conservative estimate.
Goal - $1000/month
5. Link Sales are an increasing part of my revenue strategy. While its important to keep in mind aesthetics and usability, there are certain systems that allow one to keep links in a very inconspicuous place, and therefore become a very legitimate source of revenue. Current link sales revenue is at $375/month. As my sites become better ranked, I would really like to see this number improve to at least twice this amount over this coming year.
Goal - $800/month
6. Other sites that I currently have contain potential for getting monetized via Adsense revenue. I will try to work on these as well, in small peices though. My prospects for this revenue is conservative, but I still want to get started on a solid 3rd tier in my revenue stream.
Goal - $200/month
So, in a more calculated way of making goals for 2008, it looks like I will accomplish my newly reorganized goals by reaching a monthly run rate of $3500 by Dec 2008. Shy of my $4k goal? .. Yes .. Aggressive and Ambitious? .. Yes. Therefore, I will stick to it, and see if a more organized approach will bring me the success I didnt quite acheive last year.
Thursday, May 3, 2007
$$ What a Double Difference a Month Makes $$
Wow!! Quite a great start this month. I increased my revenue to a grand total of $605.
-- Set a clear vision --
As I started down this path as an entrepreneur on the web, I had many choices to make. But once I had found the void I wanted to target, and set a vision regarding who I was making the service for, and had defined a sample audience to target first, things went very very smooth.
A clear vision allows you to not get distracted with all the opportunities that are available with web services. A niche market, as many have mentioned lately, is the great frontier for developers, as there are seemingly endless opportunities.
Be different, and be focused on your vision and goals, and success will come in some form or fashion.
So, the lesson for the day is -- Define for yourself a vision, and digg deep within that vision to clearly set goals and expectations, along with a target audience, so that you never get confused or side tracked regarding who you are creating this service for.
Back soon with more lessons learned...
-- Set a clear vision --
As I started down this path as an entrepreneur on the web, I had many choices to make. But once I had found the void I wanted to target, and set a vision regarding who I was making the service for, and had defined a sample audience to target first, things went very very smooth.
A clear vision allows you to not get distracted with all the opportunities that are available with web services. A niche market, as many have mentioned lately, is the great frontier for developers, as there are seemingly endless opportunities.
Be different, and be focused on your vision and goals, and success will come in some form or fashion.
So, the lesson for the day is -- Define for yourself a vision, and digg deep within that vision to clearly set goals and expectations, along with a target audience, so that you never get confused or side tracked regarding who you are creating this service for.
Back soon with more lessons learned...
Saturday, April 14, 2007
SEO Tidbits and an Entrepreneural Journey is Chronicled
Over the past 10 years, I have been a part time webmaster, you know the kind...
Here I will cronicle the experiences that I have gone through, and I hope to share some of those victories and failures with you all in order to help you learn from my mistakes and from the things that I have done well.
An innovative mind is, in my mind, something that you are born with. However, I think the learned behaviors that can surround that innovation regarding entrepreneurship are definitely things that you can pick up on over time, and build a great skill-set from in order to make it as an entrepreneur.
My goal is simple... $4,000 per month in revenue from my websites.
My starting point is solid ... I brought in $316 last month.
Here I will start to chronicle the steps I take to reach that goal.
I know, I know, why not $1 Million??? Well, I like to be realistic. I want to reach my goal by the end of this year. That means I have just over 8 months to increase revenue by over 10 times what I am currently bringing in.
So, what are my sites?? Well, I shall divulge that information in my next posting, as well as a breakdown of how I will accomplish these specific goals.
- Lots of tiny projects aimed at being "learning experiences"
- Struggle to find ways to get websites into the search engines because they just arent popular enough.
- Found out the hard way that my time coding is not as efficient as it could be had I hired someone from India or Asia to do most of the work for me.
- Bought over 100 domain names, thinking that I could actually dedicate that much time to seeing the names become something significant...
Here I will cronicle the experiences that I have gone through, and I hope to share some of those victories and failures with you all in order to help you learn from my mistakes and from the things that I have done well.
An innovative mind is, in my mind, something that you are born with. However, I think the learned behaviors that can surround that innovation regarding entrepreneurship are definitely things that you can pick up on over time, and build a great skill-set from in order to make it as an entrepreneur.
My goal is simple... $4,000 per month in revenue from my websites.
My starting point is solid ... I brought in $316 last month.
Here I will start to chronicle the steps I take to reach that goal.
I know, I know, why not $1 Million??? Well, I like to be realistic. I want to reach my goal by the end of this year. That means I have just over 8 months to increase revenue by over 10 times what I am currently bringing in.
So, what are my sites?? Well, I shall divulge that information in my next posting, as well as a breakdown of how I will accomplish these specific goals.
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