Spreading Myself Thin to Get to $10k/Month

[KidHotel]

Hey guys, I'm starting this journey thread more as a way to keep track of my own progress, but if I can help anyone along the way, that'd be great.

So what am I starting with?

Currently, I run 2 SaaS sites which are bringing in around $3-4k/month combined. This is basically my only source of income at the moment. Additionally, I have a job that is bringing me about $1k/month.

So what do I plan to do?

Currently here are the projects I'm working on:

1. New SaaS project
This is a custom-coded SaaS product that I wanted to make for my own use, but which I plan to sell at approximately $30-50/month. I am custom coding it, and at the moment it is about half done. I plan to have an MVP ready by the end of the month. For this product, I'm going to be mostly using ads, because it isn't something that people are actively searching for. Thus, I'm not going to be worrying too much about content, other than question articles. Basically I'll just try to pick up traffic from people with the same problem that I had. Otherwise, I'll be using Reddit, LinkedIn, and Google ads.

Progress:
Domain acquired
Site / app half coded

To Do:
Finish coding the app

2. Ecommerce Product
A few years ago, I used to sell a product that sold pretty well, but I was making it by hand and it took forever. Surprisingly, the hole in the market is still very much there, and the market has only gotten larger. Additionally, I have found a way to streamline the production process, so I am going to start selling it again.

Progress:
Domain acquired
40 Articles outlined
First run of products finished
Got the site designed / setup

To do:
Start writing the articles
Product Photos
Start Selling

3. Digital Product
I have identified a huge hole in a fairly popular digital market. I plan to make a site to fill this hole, and outsource basically all creation of the product. (For example if I were making posters. I am hiring people on Fiverr to design the posters) I'm just putting content on the site and driving traffic to it.

Progress:
Aged domain acquired
PBN domain in the same niche acquired
First product purchased, haven't received it yet

To Do:
Setup site
Get a bunch more products to offer
Start getting content for the site

4. Affiliate / Authority Site
I have found a huge opportunity to create an authority site in a niche that is going to become huge over the next 12-24 months (no its not coronavirus). I am going to do the standard procedure. Pump out content, eventually start incorporating ads and affiliate links. This niche is really great. Fairly low competition KWs, but the products are hundreds to thousands of dollars. Plus there are a ton of non-Amazon affiliate opportunities, as well as a great opportunity for white labeling my own line of products.

Progress:
Domain acquired (fresh)
Site set-up
Logo made
1 Article Published
5 Articles Ordered
PBN Domain Acquired (expired)
PBN Site Setup (Logo, theme, SC, etc.)
5 Articles published on PBN Site

To Do:
Publish a ton more articles

5. PBN
I have gotten a bunch of great expired domains that I'm going to use for a PBN. I'm making three PBNs, in 3 distinct niches. The 2 PBN domains listed above are separate. My plan for each of these is to post 5-10 articles a month on each of them, along with some backlinks. After like 4 months or so I'll start linking to my own sites and maybe selling a small run of niche-specific PBN posts on the marketplace.

Progress:
Domains acquired (11 Domains Plus 2 Above = 13 PBN sites)

To Do:
Set-up more sites
Start buying / uploading articles
Find more domains

6. 2 More SaaS Sites
In the niche that my 2 existing SaaS sites are in, I'm going to be making two more, each with a slightly different twist. My plan is to start selling right from the beginning, but just pump it with content and Backlinks.

Progress:
2 Domains acquired (botth expired, very happy with one, not so much with the other. If I find another one I'll use the second as a PBN)
I already have the SaaS product

To Do:
Port the product over to these two sites
Get the funnel done
Order articles
Start linkbuilding

7. Service Business
I found a huge gap in a fairly large market that I plan to fill. I'm probably going to use spp for the order processing, but admittedly I haven't done much for this yet. On this site, I plan to use a combination of SEO and LinkedIn / Google ads. I also want to make a BST because its a service that a lot of people on here would benefit from.

Progress:
I have a large portfolio of work
All the equipment to provide the service
Domain acquired (fresh, not thrilled with it)

To Do:
Get Jr. VIP to sell on here
Get spp integrated
Get site setup
Start ordering / publishing articles
Point a few of my PBNs to this site
Start linkbuilding

What can you expect from me?

I'm really hoping to update this thread somewhere between 1-3 times per week. Basically, I'll update once I have enough progress to warrant one. At the moment, I'm not going to include traffic/revenue metrics because there aren't any. When this changes, I'll begin including them.

P.S. I just wrote this post in about 10 minutes, and its almost 1k words, so I realized I've been kidding myself about not being able to site down and write thousands of words for my sites. Guess I'll go write an article or two.

 

[Deleted member 1264815]

You have taken many projects to do and you are still working full time i believe.
I hope you manage to get everything done. Good luck

 

[KidHotel]

You have taken many projects to do and you are still working full time i believe.
I hope you manage to get everything done. Good luck

It is certainly a lot of projects. I'm fairly good at balancing a bunch of projects at once, but it certainly will be tough. At the moment, I'm a full-time student and I'm working 18 hours outside of that. It sounds like a lot, but I reckon it's actually less time overall than working fulltime would be.

 

[macdonjo3]

This is ridiculous - 7 projects for $10k/mo? Something is wrong with your system.

You can easily take an e-commerce product to $10k/mo - shit even $10k/day.

Focus.

 

[darkside1976]

On the watch list.

Hope you really succeed in this gigantic endeavour!!!

I assume that you are really good at outsourcing, hope you can share valuable tips on that also!!

 

[KidHotel]

This is ridiculous - 7 projects for $10k/mo? Something is wrong with your system.

You can easily take an e-commerce product to $10k/mo - shit even $10k/day.

Focus.

Thanks for the feedback! You're totally right. I just included the $10k to say that I have a goal. Honestly, I am hoping to reach 10k just with the new SaaS project. The issue is that I've been focusing on one project for the past 2 years (the existing SaaS projects) and I've gotten it to a great point. Now, I want to diversify my risk and develop a bunch of smaller sites so that if one goes under I'm not floundering. This approach definitely isnt for everyone, but it is for me.

 

[macdonjo3]

Thanks for the feedback! You're totally right. I just included the $10k to say that I have a goal. Honestly, I am hoping to reach 10k just with the new SaaS project. The issue is that I've been focusing on one project for the past 2 years (the existing SaaS projects) and I've gotten it to a great point. Now, I want to diversify my risk and develop a bunch of smaller sites so that if one goes under I'm not floundering. This approach definitely isnt for everyone, but it is for me.

I built 1 SAAS to 5 figures in monthly profit in the first 12 months. Then I did it again with a new company. Sold the company. If you're worried about instability, sell the company and cash out.

 

[KidHotel]

I built 1 SAAS to 5 figures in monthly profit in the first 12 months. Then I did it again with a new company. Sold the company. If you're worried about instability, sell the company and cash out.

That's awesome. Do you have any tips about launching and growing your SaaS? I'm worried about customer acquisition costs, since my new SaaS won't benefit that much from strong SEO.

 

[Psh]

Good luck homie G, you'll nail it @KidHotel

This is ridiculous - 7 projects for $10k/mo? Something is wrong with your system.

You can easily take an e-commerce product to $10k/mo - shit even $10k/day.

Focus.

I'd rather have 10 websites making $10k, than 1 site making $10k. At least if you're in SEO.

 

[macdonjo3]

Good luck homie G, you'll nail it @KidHotel



I'd rather have 10 websites making $10k, than 1 site making $10k. At least if you're in SEO.

SEO is small-scale. Performance marketing is what you do once you hit puberty. Setup a 300% ROI then crank the ads up to $10k a day and smoke one.

There's a reason all of my Fortune 500 clients were only spending 6 figures a month on SEO but WAAYYY more on performance marketing.

Each their own though.

 

[Psh]

SEO is small-scale. Performance marketing is what you do once you hit puberty. Setup a 300% ROI then crank the ads up to $10k a day and smoke one.

There's a reason all of my Fortune 500 clients were only spending 6 figures a month on SEO but WAAYYY more on performance marketing.

Each their own though.

Can I have your autograph? You're really cool.

 

[shantanuvarun]

Nice!
I really like yoru confidence.
All the best.

 

[Zera Api]

Pretty ambitious plan
Do you also have a team

 

[KidHotel]

Nice!
I really like yoru confidence.
All the best.

Thanks!

Pretty ambitious plan
Do you also have a team

I don't have a team, but I do plan to delegate a large portion of the work. I'm going to use content writers for most of the articles, etc.

 

[Psh]

I don't have a team, but I do plan to delegate a large portion of the work. I'm going to use content writers for most of the articles, etc.

Spot on! You don't need a 10 person team (killing ROI) when you can just outsource.

Pretty ambitious plan
Do you also have a team

Why? Running 10-50 money sites (in SEO) is definitely doable if you outsource like @KidHotel do.

 

[rafark]

This is ridiculous - 7 projects for $10k/mo? Something is wrong with your system.

You can easily take an e-commerce product to $10k/mo - shit even $10k/day.

Focus.

I wouldn't say it's exactly easy to create a 10k/mo e commerce site, in fact, almost no one that starts an ecommerce business will get to make 20% of those 10k/mo

I agree it's a lot of projects, though and sooner or later he'll have to give up on a few of them.

I'd rather have 10 websites making $10k, than 1 site making $10k. At least if you're in SEO.

Easier said than done. I mean, that sounds like the ideal thing to do, but it's an overkill especially for one person. Having 10 sites means you have to have 10 different accounts for each, you need to mantain 10 different products, manage sales/offer customer support for 10 different sites. Buy ads/do seo for every single one of those 10 sites. It's an overkill.

At the end, it's better to just focus on growing 1 or 2 brands/products, IMO.

 

[KidHotel]

I wouldn't say it's exactly easy to create a 10k/mo e commerce site, in fact, almost no one that starts an ecommerce business will get to make 20% of those 10k/mo

I agree it's a lot of projects, though and sooner or later he'll have to give up on a few of them.

Actually, that's the plan! I'd rather start 7 and end up with 3 that are working that I can scale than 1 that may or may not work

 

[Apocaliptik]

Way too many things - if you start all of them at the same time you will see no real progress on any of them and probably feel demotivated in a few weeks.

Split and conquer.
Take each project and create milestones which should take no more than a few days to achieve.
Once you have those down for each project, start working on whatever project you want and at the end of each week tick the milestones off so you can clearly see what you accomplished and what's left to do.
My 2 cents.

 

[macdonjo3]

I wouldn't say it's exactly easy to create a 10k/mo e commerce site, in fact, almost no one that starts an ecommerce business will get to make 20% of those 10k/mo

I found it quite easy and I don't qualify myself as overly intelligent. Speak for yourself mate

 

[maslryu]

Hey good luck . How much time did it took you develop your Saas product which brings 3-4 k?
Is Saas is same thing called IT solution ?