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My Journey

Discussion in 'My Journey Discussions' started by Promethean, Mar 18, 2014.

  1. Promethean

    Promethean Newbie

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    Hi guys,


    This thread will serve as a call to action for me. I've been around the e-commerce block and SEO for a while, and now I want to put a lot of this into action. My goals:
    - Build long lasting sites which become leaders in their niches.
    - Make enough income that I stop having to supplement self-employed income with jobs and job searching.
    - Build up enough money and later assets to not have to worry about long-long term career planning in the traditional sense.


    Currently, I'm working on 4 projects.
    - I'm doing a twist on the "Kindle" projects you see so much of. I've got two books out as of February, and hoping to ramp this up to one book a week in the next month. At the moment, I've written both books myself, and have a couple of books that were written by outside forces which I've yet to release. One was pretty good quality, and just needs an intro and conclusion. the other was frankly not up to standard.
    At the moment both books are on the KDP Select Program. My next book is going to be a bit of an experiment, not exclusive to kindle. I'll put it on the various other vendors and see how it sells.


    Second and third projects are going to be membership sites. I've never run a membership site in my life, so it's a steep learning curve. Pricing is something I've not thought about yet. Concentrating on getting the content up and testing and everything done before I worry about the pro plans. If anyone has any help to provide on this, it'd be much appreciated.
    Going to write about ten weeks worth of material before I start worrying about the mechanics of it.


    Fourth Project is a blog and info product combo. Probably a book. Niche is massive on the internet and there aren't really any authority sites on the subject, just pockets of forums and forumgoers collectively drowning in their misery because their issues aren't being addressed by anyone. That's where I come in ;)
    Again, I've got about 35 blog entries planned and I'll write those up, regurgitate some of the information and include more new stuff for a book that'll be $10 or so. Network with some other bloggers, build a mailing list, so on and so forth.


    I'll leave it there for the plan. A bit about me to anticipate some questions:
    I also have a web design, development and SEO company which occasionally gets clients, so there's that. A couple of ecommerce stores which make negligable sales. Nice bit of income on the side, but it doesn't exactly put me in the private jet and Lamborghini territory.
    I'm mid-twenties. my actual income needs are pretty low, i could easily make do on less than $2000 a month. my goal within six months to a year is £1500 a month. After that, my goals have been met and development is development. I should probably be thinking bigger, but I get more motivated by achieving goals than chasing them.
    The reason I've got several projects is because I juggle to overcome boredom. If I work seven days a week on the same project, I'll burnout. Having multiple projects allows me to work all day, every day.
    Thus far, I've had career experience in writing and also a niche skill which is what one of my membership sites will be about. Hence the plan involves so much content writing. Once I've got the money rolling in (and I can find decent content writers), I'll outsource some of that to concentrate on development. Until then, I'm budgeting for writing at least 5000 words a day. This week, I'm striking while the iron is hot and am going to get 100,000 words worth of articles done. Crazy. So I'll have to get to it.


    All questions are welcome, helpful tips are even more welcome.
    P.S. If I dont update this, feel free to throw laziness-breaking vitriol in my direction.
     
  2. Veyron

    Veyron BANNED BANNED

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    Sometimes, working on multiple projects at once is better as you don't want to get burnt out or "bored" as losing motivation can be very detrimental to success. Anyways, keep up the great work and good luck, you've definitely got a lot of work on your hands but if you stay motivated I'm sure you'll reach all of your goals! :)
     
  3. gtownfunk

    gtownfunk Registered Member

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    So, what kind of success are you having in the Kindle market? I was able to generate $500-800/mo with a few books for a couple years but it's kind of petered out and I haven't kept up with it.

    Fiction, Non-fiction, Reference?

    gtownfunk
     
  4. Promethean

    Promethean Newbie

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    At the moment, non-fiction. Been doing this for just over a month now. One book has sales, the other book absolutely none. I'm going with the bigger niches, because book two was in a micro-niche, and book one was in a massive market.

    Did a free promo, and that made no difference on sales. Hence I'm re-evaluating whether the KDP Select program is right for every book.

    $500-$800 a month is nothing to sniff at. I figure if you put together a site with your books on it, did a few social media blasts every so often it'd be worth maintaining. i tend to think of each project's recurring income as paying off a specific thing.

    For instance, if one of my books makes $50 a month, then I can drink as much coffee as I want. etc.

    $500 a month could be all your utility bills, or pay for all your transport or something.

    Anyway, thanks gtownfunk and Veyron for replying. I'll update this thread when I have some news.
     
  5. Promethean

    Promethean Newbie

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    Alright. In keeping with striking whilst the iron was hot, I've put up one of my sites. First blog entry, theme picked, etc. Using the genesis framework.

    Going to spend the evening writing a couple more blog articles. I figure that If I can get a queue and a schedule going (I'm thinking one post every three days, so 2-3 per week) I'll be less likely to treat it as something that can be put off.

    Some actual information thus far, for those who might want informative advice from my toils:

    - I'm using StudioPress Genesis framework (which I paid for.) It's really easy to set up, and it's quite easy for the site to look professional with just a few minutes work. The kicker will be once the sites developed how limiting its ease of use is.

    - Using SEO for Wordpress for the first time. Jesus, writing blog entries with decent seo stats is a lot harder than writing lots of words for books. I've never thought so much about keyword density and other nonsense in my life. Article length - 1000 words. time to write - 20 minutes. Time to edit - an hour. ergh.

    - Will have to monetise at some point. This site is one where I hope to write an ebook at a future point, and have already written a chapter of this book. Still, I plan to blog for at least 3 months before releasing it. Enough time to build up a mailing list and establish some sort of authority. Speaking of which, i need to set up an rss feed and a mailing list account.

    Final point for now: I have domains for all but one of my projects. I've got the themes, which means most of my expenses have been covered for the year. It's worked out at $490 for that. those are my fixed costs. Now it's just variable costs. Not bad really for the bulk of the expenses.

    Anyway, will update this when I next get something considerable done. Any questions or advice in the meantime is welcome.