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5K Per Month Business Plan

by BabyMama
12 replies
Warriors who have already achieved this goal please share with the forum tips on how you achieved this number and where the majority of your income comes from.

Do you split it up like $10 products must sell 500 per month to reach $5K?
Or 2 $10 WSO products must sell 250 of each to reach $5K?

Is this how you reach your goals or do you have specific products/websites that generate money for you each and every month?

I would be really interested to know.

Thanks
#business #month #plan
  • Profile picture of the author JamesGw
    I make money selling a variety of products in a lot of niches. I find that retail sites tend to be the most profitable, but affiliate marketing is still really powerful as well. I do not sell any internet marketing products, for the most part. I do SEO once in a while, though.

    I think finding a system that works for you and adapting it to work for several different niches is the way to go.
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    • Profile picture of the author BabyMama
      Originally Posted by JamesGw View Post

      I make money selling a variety of products in a lot of niches. I find that retail sites tend to be the most profitable, but affiliate marketing is still really powerful as well. I do not sell any internet marketing products, for the most part. I do SEO once in a while, though.

      I think finding a system that works for you and adapting it to work for several different niches is the way to go.
      Thanks for your response James.
      Do you set yourself goals each month and build towards those by creating a certain number or products or putting in a certain amount of work?
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      • Profile picture of the author JamesGw
        Originally Posted by BabyMama View Post

        Thanks for your response James.
        Do you set yourself goals each month and build towards those by creating a certain number or products or putting in a certain amount of work?
        I also work full time, but I do 12-week plans that I adhere to pretty strictly. I'll usually roll out 2-3 sites over the course of 12 weeks - 1 a week for the first three, then spend the rest of the time promoting them. At the end of the 12 weeks, I go into maintenance mode on those websites and start another campaign.

        I have a partner who helps me.
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  • Profile picture of the author RevSEO
    Don't spread yourself too thin, that's what I've learned while being online. In the beginning I put ALL of my eggs into one basket, and on a few occasions I had to rebuild everything since the companies I was promoting cancelled their affiliate programs.

    Now that I've built a ton of various "baskets" on the internet, it allows me to diversify my income so that if one runs into a problem I still have many other earning. Of course you don't want to spread yourself too thin though.

    As far as pricing is concerned, I usually look at similar products to price my own products/services. No sense in pricing yourself out of the competition.
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    • Profile picture of the author BabyMama
      Originally Posted by RevSEO View Post

      Don't spread yourself too thin, that's what I've learned while being online. In the beginning I put ALL of my eggs into one basket, and on a few occasions I had to rebuild everything since the companies I was promoting cancelled their affiliate programs.

      Now that I've built a ton of various "baskets" on the internet, it allows me to diversify my income so that if one runs into a problem I still have many other earning. Of course you don't want to spread yourself too thin though.

      As far as pricing is concerned, I usually look at similar products to price my own products/services. No sense in pricing yourself out of the competition.
      This is very good advice. Thank you. Yes I plan to launch several different projects. I currently am offering a service here, write some articles for a few clients, flip some sites, and in the mean time build more sites. I am also planning to lauch several products here on the WF in the hopes of achieveing my 5K goal in 5 months.
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      • Profile picture of the author Jill Carpenter
        Originally Posted by BabyMama View Post


        Do you split it up like $10 products must sell 500 per month to reach $5K?
        Or 2 $10 WSO products must sell 250 of each to reach $5K?
        I would not make a plan that relies 100 percent on this forum in order for you to make money.

        While you can advertise on this site, you don't fully control the site. It would be just as bad as expecting to make all your money through blogger or squidoo.
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  • Profile picture of the author Nick Bykov
    Banned
    Don't put all of your eggs here. Better put them everywhere.
    In other words, create multiple independent streams of income.
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    • Profile picture of the author sonic74
      That it works for me is to just FOCUS on one project a time whenever is this a site or a service that I'm offering.

      When I achieve a small goal with that project then I'm ready to invest more money on that in order to scale up via outsourcing.
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  • Profile picture of the author kevinfahey
    At the start find one and prefect it..

    Even if all your money systems are setup correct, some will at times fail to give results, but if you do not have one good system its pointless creating many.

    Once you earning from one, you can then try new ideas know if they fail you'll still got an income.

    Don't waste time on something that does not work. Test the water for a week, if your not seeing an income try something else. There are many ways to earn instant cash online, which can turn into long term income. Learn how to make $1K a month and use what you've learned to earn $10 K a month..
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  • Profile picture of the author redbearing
    Like kevinfahey said, you should start with one and continuously perfect the method until you maximize it to its full potential. Set smaller goals in the beginning.

    Most of my income is derived from the services that I provided & I can tell you that it is achievable if you are willing to put in real work.

    I don't think it is a good idea to rely solely on WSO because there is no guarantee that you'll be able to make a profit enough to cover the cost of creating the thread and also bumping it
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  • Profile picture of the author BabyMama
    At the moment I am writing articles, flipping a site a week, and I just launched my first service on the forum.
    I am hoping to scale it up to flipping a site per day, getting more orders on my service, and then launching my own product at the end of the month.
    I will still keep my article writing as that brings in a regular income which I know will pay my bills each month.
    Thanks for all the advice here. Very sound and sensible
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  • Profile picture of the author atrbiz
    Hey there,

    I'm making over $10,000 per month and I can tell you from experience you definitely want a diverse business portfolio. For example I'm making money from adsense sites, my SEO/Web Design company, flipping sites, and a few other IM ventures. They each make me a nice chunk of money and I'm not relying on ONE source of revenue.

    Thanks,
    Ahmad
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