Seems Like My Plans For Online Business Ramp-Up Almost Always Get Side Tracked
I've shared earlier that I had plans to:
outsource some content creation on NigelChua.com - this got shelved as the writing agency don't have the expertise to write on what I'm slanted to (which I'm secretly happy about)
two WordPress-based niche sites that I'm 100% outsourcing - just in Month 2 of outsourcing, my wife told me that she has some viable business opportunities that includes manufacturing and possibly e-commerce, and wants/needs my help
I have been thinking about it for a while (2-3 weeks), and I want to help her because she's been helping me so much in my businesses since 2008, so I'd really want to support and help her.
But I don't care - I'm gonna keep pressing in anyway with my 2 outsourced sites.
That'd mean that the two WordPress niche sites that is outsourced, will be EVEN more outsourced and bare-bones ie I may not have the time, energy and effort to even market the businesses at all, so it'd be very Google/SEO-reliant, which is something I'm sort of interested in to find out.
As I had shared, I'll keep outsourcing content creation on these 2 sites for at least 6 months (this will mean that I will have at least 24 x 1000 word articles on each niche site by end of 2017 (1 x 1000 word articles per week per site). I will also outsource link building activities every 2-3 months too per site.
It will cost me money.
Customized sites = USD 799 per site x 2 sites = USD 1598
Article writing = USD 428 per month for 12 articles per month (6 per site per month) x 6 months = USD 2568
Outsourced link building (The Hoth) = USD 60 per 3 links x once per quarter x 2 sites x 2 quarters = USD 240
I'd spent a minimum of USD 4406 (roughly SGD 6168) by 31st December 2017.
It's ok as it's budgeted for, but I wish I can spend more time marketing the sites - maybe I'll carve out an additional USD 500 for guest posting or more link building.
I aim to make at least 10% back, which is USD 500 from both sites combined by end of 2017 - keep you posted on this! After 6-12 months, I'd like to sell off these sites to entrepreneurs who can give them the love they deserve. I chose these 2 niches cos of their potential (about $8000 - 9000 revenue per site per month at full capacity). If/once they make revenue, I will set most of the revenue to marketing and content creation.
PS: I realize that I may have a problem
I am aware that I keep trying and buying and venturing into different projects, which led me to tend to be over-stretched and unable to focus on task at hand...or that I'm getting closer to my goal of making more than $100 online per month.
Moving forward to 2018, what I will do is:
to focus on 3-4 core projects that are important/close to heart
anything else I'm interested in, either outsource 100% by paying (like what I did for the 2 WordPress niche sites) OR do joint ventures where I take majority (at least 51%) and set funding to build the project which will be executed by hired freelancers/employees.
My focus will still be on the 3-4 core projects that are important/close to heart, and to stop being too easily distracted/diluted. It is a disrupting and annoying habit that I want and will remove.
Let us make the most of our time and may next year be our best year yet!
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SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45
SGD 2,000,000 in cryptocurrency
Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40
Publish at least one book by 40 years old
Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month
Ongoing: spend more quality time with children, wife, family, bible, God.
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