My online business’ highest ever earning month was June 2013.
Over the past 16 months, my income has jumped and stuttered, but there has been an undeniable downwards trend.
On some level I have been aware of this, but I had to read back through my old income reports to grasp just how much my earnings have degraded since I stopped publishing my income reports back in October 2013.
So where has it all gone wrong? In this post, I want to answer that question. Keep Reading
Today I can say that I am likely to fail in reaching that milestone. It doesn’t really bother me at this stage though; I feel like I’m heading in the right direction and on track for the bigger goal. In fact, over the past week I’ve been working hard on something small that could eventually lead to something huge… Keep Reading
Since then I have decided to adjust my plan somewhat. I now intend to earn a net income (i.e. minus expenses) of $9,000 per month from April 2015 onwards, rather than only turning over that amount.
My thinking behind this is straightforward: there’s little use in me turning over $9,000 if it costs me $8,000 to do so. To ignore expenses is to encourage a way of thinking that does not promote profitability.
If the original goal was challenging, this one is much more so, which means I have a lot of work to do!
My goal for September is to make $2,000, but I’ve generated only $600 in affiliate revenue so far this month. Last week’s post was about the bigger picture; in this post I want to lay out exactly what I intend to do to make an additional $2,000 in the next 16 days.
Why $2,000 more when my goal is only to make $2,000 total, you may ask? Well, I’ve got some expenses to pay for the month (perhaps $300), and I figure that if I aim higher than the goal itself, I have a better chance of succeeding. Keep Reading
Everything about it feels right to me. I get to provide an awesome service at no charge. I get to see people start with nothing and build blogs they love. Even the domain name beginnerblogging.net was available (I couldn’t believe that).
Furthermore, the scope is huge. I don’t just want to stop at helping people set up their sites; I want to empower them to grow their blog into something they consider truly meaningful.
But to be able to pour the necessary time and energy into making Beginner Blogging what it should be, the site needs to provide a return on my investment. In August it made $1,700, but that was the honeymoon period (i.e. when I was able to best leverage the existing Leaving Work Behind audience). If I want to sustain and build upon that kind of return, I’ve got work to do.
With the above in mind, in this post I want to introduce a number of ideas I have for building Beginner Blogging into a six figure blog. Keep Reading
Tom: the following is a guest post by Henry Croft, the founder of a website you’re going to learn a lot about in this post. I’m seriously impressed with what Henry has managed to achieve in one short year – it just goes to show that blogging is far from dead as a means of making money online. Take it away Henry!
On March 17th, 2014 my fitness blog GymTalk celebrated its first birthday.
Over the last year I have managed to grow the website from something which started out life as a bit of a laugh into a profitable online business which can now support me financially – just about!
In its first year GymTalk achieved:
420,996 page views
2 Fitness Blogging Awards
£9,300 (~$15,000) turnover
10,000+ followers on social media
Quitting my 9-5 job to earn a living online has been a tough journey full of missteps, sleepless nights and anxiety, but I do not regret a single day of it.
Although I still have a long way to go, the whole process has been a labour of love and doing something that I’m passionate about seven days a week has been a revelation.