How do you set monetary goals when you are brand new, and dont know what to expect?

5 replies
I am trying to set goals for myself. I can set goals for what I want to accomplish, but I dont know how to figure monetary goals. Since I am only three weeks into this AM stuff, I have nothing to base figures on.

Can some one help me out with this?
My marketing strategy will revolve around SEO and article marketing. I plan on writing 12 articles per day for a couple of weeks and submit them to EZA to see where I stand. Those 12 will cover 4 sites - so 3 per site per day.I know how to perform keyword research, and SEO the articles so that will not be an issue.
#brand #expect #goals #monetary #set
  • Profile picture of the author angela99
    Here's the short answer: you guess. :-)

    Everyone is guessing, even when they have historical data.

    Re "I plan on writing 12 articles per day for a couple of weeks and submit them to EZA to see where I stand. Those 12 will cover 4 sites - so 3 per site per day.I know how to perform keyword research, and SEO the articles so that will not be an issue."

    Judging from your aim, if you follow through on this process goal, you'll have some figures in a month or so on which to base your future goals.

    Tip: when you're just starting out, focus on process goals for at least three months, and then review. You're starting from scratch, and it takes a while to build momentum.

    I wish you much success, I'm sure you'll do brilliantly.

    Cheers

    Angela
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  • Profile picture of the author dean_holland
    Hey !

    Personallywhen you are fresh starting the best advice I was ever given is forget the money !!

    Strange huh ?!

    Thats what were allafter though right ?? Yes and thats exactly what I thought when it was said too

    But I was told just focus on working and helping others and the money will follow.. And that happened with my blog !

    So thats the advice I will pass on.. Forget the money, focus on building a business and help people. You will do well if you are consistant

    Good luck !

    Dean
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    • Profile picture of the author AndrewCavanagh
      You set exactly how much money you want to make in a week and how many hours you want to work to make it.

      And you keep moving towards that goal, adjusting your actions, until you hit it.

      By that time you'll have a better idea of how to set your next goals.

      The income goal is important because it gives you a compass.

      Setting a goal for the hours you want to work to make that income is also important...because it gives you boundaries.

      When you're starting out expect to work your arse off and get a brain expansion headache from all the learning you're doing.

      But having those goals will help you to make choices about what actions to continue with and what actions to dump.

      Kindest regards,
      Andrew Cavanagh
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  • Profile picture of the author sylviad
    My goodness. 3 weeks in and you have 3 sites already?

    A typical approach is to stick with one site until you master how to market it. Once it begins to pay off, move on to another site.

    You might do well to write your articles for one site in the next 2 weeks with the goal of making one sale a day to start. You want your monetary goal to be realistic and achievable, otherwise if you aim too high, you could get discouraged.

    Another approach is to look at what your ultimate goal is. Are you going full-time and need a full-time income, or are you just going part-time for extra cash?

    If it's full time, you will need to aim a little higher. Calculate how much money you need (or want), and then break it down into how many sales you'd have to make per week to meet that goal. That will give you your end goal and a gauge to set a realistic short-term goal.

    From there, you can put all your effort into doing exactly what you need to do to make sales and not be distracted by tasks that don't pay off. Focus on one strategy at a time, ie: article marketing to target your energies on making money.

    Once you prove that you can make one sale a day, up the ante to what you believe would be achievable based on what it took to make that one sale.

    Without a monetary goal (as someone suggested), you will not have that goal to reach for, or numbers to tell you how well you're doing.

    Sylvia


    Originally Posted by shkad14 View Post

    I am trying to set goals for myself. I can set goals for what I want to accomplish, but I dont know how to figure monetary goals. Since I am only three weeks into this AM stuff, I have nothing to base figures on.

    Can some one help me out with this?
    My marketing strategy will revolve around SEO and article marketing. I plan on writing 12 articles per day for a couple of weeks and submit them to EZA to see where I stand. Those 12 will cover 4 sites - so 3 per site per day.I know how to perform keyword research, and SEO the articles so that will not be an issue.
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  • Profile picture of the author Rob Canyon
    Goals are great, but if you've never made a buck online yet... then
    this may help. It's what I've done in the past and with several new ventures...

    I worked my butt off as hard as I possibly could until the first dollar came
    in, then I had a coffee for a few minutes, analyzed what worked and what
    didn't... then I did more of the right things and began setting goals.

    Weekly goals on the dollar side is best and once you're making a buck or
    two your single goal has to be what you want more of...

    money, list, etc. etc.

    Don't make work goals... like x amount of articles... or x amount of time,
    or x amount of pr releases... because if you see no result you'll stop.

    The other problem with work goals is you'll pace yourself... and heaven
    forbid you've selected a pace that produces nothing.

    Just my 2 cents.

    Go for it flat out.

    Cheers,

    Rob
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