| A Simple
Business Plan for You (Maybe) |
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| First
define your goals. Make them realistic. |
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Maybe you
might want a simple online business to earn a
little money. |
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And maybe,
In ten years or so, you'd like to retire (maybe
earlier) and just run your business. |
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| Here's how
you might acheive those goals. |
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Plan a
website around an interest you have or something
you'd like to learn more about. Cars, wood
working, crafts, etc. Doesn't matter. You just
need to like it enough to pour yourself into the
site for a short time. |
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Find a domain you like
and a business name you want to start with. |
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Register that domain
and find a web host. Here's one. |
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Build your website. |
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Now build
some traffic to the site. |
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Join a Banner Exchange
or two and maybe a web ring or two. |
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Now
Monitize your new site. |
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Join a commision based
advertising site like Commision Junction. Add
banners to the site. |
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Join AdBrite and add AdBrite ads to
your site. Take a look at Brite pics also. |
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Don't forget Google ads. |
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Start
watching the performance and learn to maximize
your profits. |
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| Spin off a
new site from the first or start another new
site. |
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Same
steps. Domain, hosting, build a site and then add
the advertising. |
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At this
point you'll need to watch your expenses and the
sites performance. |
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The domain will cost
you around $10.00 a year. The hosting around
$100.00 a year. Lets call it $100.00 even for
now. 100 dollars divided by 12 months = $8.33 a
month you need to make this much to break even.
You need to double that to make any money at all.
You'll want to continually increase that profit
until you make enough to cover your time and all
expenses. |
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You'll want a
spreadsheet or a paper pad to track your expenses
and income for each site. |
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| Now that
you have two sites up and running lets stop and
look at what you really want. |
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Net income
is the money you put in your pocket after all
expenses. Say you want $100,000.00 a year net
income and you think you can get a website to
earn around $50.00 a month. That's $600.00 a year
net. $100,000 divided by $600 equals 167
websites......... So now you know how many good
websites you need. Start building. |
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So the
sites you have running earn a little profit each
month and you have the 167 sites you need and
it's starting to look possible but......... |
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Look at
your oldest site first. Is it doing what it
should be doing? Now we'll introduce pairing. Say
you have a site that performs fairly well but
doesn't hit goal each month. Pair that up with
another site and build the two together to a
newer more realistic goal. Just make sure each
pays it's way. Now you've reduced the number of
sites by pairing two together into one. You'll
need another new site. |
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| Also we
need to start valueing the domains. Domains and
websites have a value. |
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A good
website with lots of traffic can be sold. |
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Domains
have a value. |
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| Aditional Reading |
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If you
understand this then the following sites and
links may make sense to you. |
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www.Project167.com |
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8 Rules
for Domains |
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A
Steady Income |
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To be
continued |
