Part II: So how’s this $5K Every Month Endeavor going to “work”? Here’s how we’ll be doing it.
OK, so this is Month #1, Week #1. In fact it is October 2, 2007 (week 1 being Monday 10/1/07 – Sunday 10/7/07). The one basic detail is our budget for the month to do online marketing: $150.00
Our proposed revenue after expenses: $5,000.00
Note: This is, again, loosely based on Dan Raine’s $15k Challenge
which started August 28, 2006. On his blog for that project Dan says, “Over the next 30 days I am going to attempt to make $15,000 in clear profit starting with only $150.”
Now, Dan has the experience and skills to take $150 and turn it into $15,000 in clear profit in 30 days. Actually you’ll see by reading the post that he missed his mark by only about $500.
I, on the other hand, am not Dan Raine. I’ve only ever worked in offices, played music for a living, and failed pretty badly in commission sales and telemarketing. I’d be happy to make $1,500.00 in 30 days, which leads me to a new, more realistic idea for all of us.
Project A: Take a budget of $150.00 for the month and make $1,667.00 in clear profit by Day 31
Project B: Reinvest $150.00 of last month’s profits and make $3,334.00 in clear profit by Day 61
Project C: Reinvest $150.00 of last month’s profits and make $5,000.00 in clear profit by Day 90
So, here is YOUR most important part:
Pre-Requisite: Read through Mike Mendel’s abridged notes on Ed Dale’s Thirty Day Challenge to get some background. If time permits and you want to be even more effective, join the Thirty Day Challenge site (now past the “in progress” mark) and become a member of the forum.
Month #1, Week #1:
- Decide on a niche
- Research 6 to 10 affiliate products to offer niche-related visitors
- Write 10 articles based on keyphrases
- Set up accounts with social posting sites, article directories, and various other sites like MySpace, FaceBook, Squidoo, OnlyWire, SocializeIt, HubPages, Tumblr, CraigsList, USFreeAds, AWeber, and eBay
Over the next few days I’ll be posting my progress on the steps above. On Week 2 we’ll get start to, as my pal Mike says, “Kick it up a knotch”.
Feel free to leave comments about your own progress. Perhaps we can be partially responsible for boosting the economy of or respective nations… It could happen!
