As I mentioned in the last post, I have been mapping out my goals for the upcoming year. I feel that these can easily be obtained by December 31, 2011, as long as I keep working at the passive income ventures I will be implementing.
Adsense
First, I will be working on Adsense sites. I am using the Adsense 100K Blueprint by Michael Ullman and Adam Franklin. If you are trying to make money with Adsense and have been failing, I recommend you try this blueprint. There is a guide, videos, and a forum that will give you tremendous support. Michael is a great marketer who is focused on giving his customers as much help as possible. I do not know much about Adam yet, but from what I’ve seen in the forum, he is just has considerate as Michael. I have tried my hand at Adsense before and failed, but I think I can make it work this time around.
So for the Adsense sites, I plan to:
- Start with building two sites in January. I am doing this so that I can have two different topics to work on at once. I will begin by doing all the work myself, so I don’t want to burn myself out on writing content for one site.
- Each month of 2011, I will create a new Adsense site following A100KB. I will begin to outsource once I get some money coming in. I hope to start outsourcing some of the tasks by March.
- When a site is 90 days old, I will look at the income it is producing. If it looks promising, I will hold onto it. If not, I will flip it.
- Income goal for my Adsense sites by the end of 2011: $2000/month.
Selling PLR
Selling PLR is just a fun concept for me. I get to write about what I want, and sell it again and again. Thanks to Tiffany Dow’s PLR ATM, I have set up my own PLR store and have a few packs for sale. I have been getting hits, but have yet to make a sale from my site. The WSO I ran for holiday related packs did okay though.
So, for my PLR, I plan to:
- Create a minimum of 5 packs per month.
- I will continue to create PLR article packs, but I also want to branch out into reports and ebooks.
- Work on getting more traffic to the sites. I will do this by running special WSO’s, continuing to blog about each pack I release, and maybe even do some article marketing on the topic of PLR.
- Income goal for my PLR store by the end of 2011: $1000/month
BrightHub
BrightHub is a combination of a content mill and residual income opportunity. You can write for specific channels (topics), and some come with an upfront payment of $10 per article. All articles you write are eligible for residual income. I currently have 10 articles up, and hope to increase that in the new year.
So, my goals for BrightHub are:
- Write at least 5 new articles each month
- Promote my articles, since the residual income is paid based on page views.
- No set income goals for this venture, but I will at least get $50/month from the upfront payments.
Summary
Overall, I hope to be bringing in $3000/month in residual income by the end of 2011. This is more than enough money to supplement my husband’s income so that my family and I can live comfortably, and then I won’t have to sit in front of my computer for 8-10 hours of each day.
Each month, I will reflect back on these goals to make sure I am staying on track with them. Of course, they are subject to change once I begin implementing them and finding out what works best for me.