I suppose most of us trying to make money have set ourselves targets or objectives.The other day the importance of these as a road map to success was brought home to me by something my wife said.
I was telling her that one of my blogs had now had over half a million visitors.
"Mmmm," she said, "Just think if each of these had paid you UK£1"
"Mmmm," I thought, "That would be US$1,000,000!"
They didn't all pay me £1, of course, but it got me thinking about how to make more money out of the next half million.
"How long did it take to get the half million visitors?" my wife asked.
"About 250 days," I answered, "But the next lot won't take as long as previously this was starting from nil."
I then went to my office and started working out figures and stats and making new targets.
500,000 visitors would make:
With AdSense about $935
You can see how I arrived at this here
With Voxant about $1500
$3 for every 1000
I also worked out how long the next 500,000 would take. I reckoned about three months.
I was, therefore, up to an income of about $811.66 per month ($935 + £1500 divided by 3) from AdSense and Voxant, that's roughly $187.30 per week (for 13 weeks).
But there are also other ways to make money as well, so I did some more calculator work, and it was possible to build up a picture of where I wanted to be in 3 months time, 6 months time and so on.
And this was for just one blog.
I think it helps to do this sort of exercise now and again as it allows us to make some realistic targets - and as most references to the subject tell us - targets should be realistic and time bounded.
In other word: From Such-and-Such Blog I will make $x in one month, $xxx in three months and $xxxxx in one year.
Working out how much a blog has made, and is likely to make, also gives a clear indication as to whether it is a viable money making project.
With any money making venture it's no good, as they say, flogging a dead horse. If something isn't working it's time for radical change or to move on to something else. There are, after all, dozens and dozens of ways to make money.
None of the above applies, however, if you are just into blogging for the fun and entertainment it can bring. It all depends on why we blog.
Enjoy your blogging! It's what is really important.
Good luck,
Mike.
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