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newbies like me - goal setting

by Sleika
22 replies
still working way my through the newbie phase of IM and was looking at some numbers for goal setting and thought i would share

im using goals like $1,000/year, $10,000/year, etc

using those it breaks down to about 3% ( 2.74 % given a 365 day work year )

so if i aiming to make 10K this year i need to average 27.40 a day to get there

not sure if this will help at help at all but puts things in perspective on what were trying to acheive and hopefully we can fine tune our methods/goals to get there
#goal #newbies #setting
  • Profile picture of the author kdbbdl
    Banned
    setting goals is important but taking action is more important
    good luck
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    • Profile picture of the author Baadier Sydow
      Originally Posted by kdbbdl View Post

      setting goals is important but taking action is more important
      good luck
      I have to agree completely. Also try and set lifestyle goals ie working full time IM by end of the year etc

      Just take action is the most important advice I can give.
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      Baadier Sydow
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    • Profile picture of the author Michael Harris
      I agree setting goals is vital..

      At the start of my week, I write down
      what I would like to achieve for the week..

      Then I make a list of everything I need to do to,
      make that happen..

      Then I put them in an order and make smaller daily goals..

      I know it may sound a bit "obsessed" but,
      since I started doing it I have made more progress
      than ever before..

      I also feel like I am achieving more when I am crossing
      things off my list..

      It used to be the first thing I would do is check my email..
      Then a couple of hrs later (after buying 1 or 2 new WSO's)
      I would start to actually do some work..

      Now reading emails comes at the end of the day and takes me
      about 15 mins..
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  • Profile picture of the author GMD
    Banned
    Don't get the cart before the horse:

    Before you even start thinking numbers, starting thinking about the methods you are going to use to get there.

    Think infrastructure and then think numbers.

    Example:

    I am going to sell my own eBook (or a series of eBooks) from a website that I will build organic and targeted traffic to. Using this method / these methods, my goal is to generate about $30 / day.

    Then get into the details like how much money will you have to spend to make money?

    Create a logical pattern of events and activities. Then make it happen. Adjust as you move along.

    Good luck!
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    • Profile picture of the author Sleika
      appreciate everyones responses so far, not trying to put the cart before horse, i totally respect that the work needs to be put it in.

      think i was trying to get at is we all have a goal in mind and to acheive that goal whatever that is to each person we need to break it down and focus on what will get us there... action is key
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  • Profile picture of the author Adie
    Setting goal is the most important thing. In manufacturing, we have the so-called PDCA cycle.

    P - Plan (set your goals/targets)
    D - Do (implement your method)
    C - Check (checked for the result)
    A- Act (Make improvements and adjustments based on result)

    Without a goal or plan, one can easily give-up when he experience difficulties. Without a target, one cannot measure his success.. Goal is very important.
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    • Profile picture of the author Michael Harris
      Originally Posted by Adie View Post

      Setting goal is the most important thing. In manufacturing, we have the so-called PDCA cycle.

      P - Plan (set your goals/targets)
      D - Do (implement your method)
      C - Check (checked for the result)
      A- Act (Make improvements and adjustments based on result)

      Without a goal or plan, one can easily give-up when he experience difficulties. Without a target, one cannot measure his success.. Goal is very important.
      Hey Adie,

      I like Your PDCA Cycle it reminds me of S.M.A.R.T Goals

      S - Specific (Clear outcome you want)
      M - Measurable (Measure your results)
      A - Action (What action you need to take)
      R - Realistic (Make it something you can achieve if you stretch a little)
      T - Time (Put a time on when you want to achieve it by)
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  • Profile picture of the author Randall Magwood
    Run the same numbers when you do your advertising costs. This will allow you to see how much you can afford to spend (or lose) when acquiring a customer. Good job tho with taking income goals into perspective.
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    • Profile picture of the author Sleika
      randall makes a good point, and in my intial assement wasnt being that clear.

      there is going to be capital cost at first

      my intention was and is to put in perspective if you have a certain goal what that breaks down to that is all .. its a 2.74%/day ( using 100's etc )
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  • Profile picture of the author wordpressmania
    I did not think this way before.. only making 27 can be 10k withing one year... Great thinking to start... Play around this forum and surely you will be able to do something real big.
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    • Profile picture of the author JohnMcCabe
      The issue with setting goals like $3/day or $30/day or whatever is that you have no way to control those things. Statistically speaking, it's quite possible to average $30/day and have 90% of your sales come in the last few days. Many people will get discouraged by what they see as a lack of progress and jump to the next thing.

      Far better, especially when you don't have the experience to weather the droughts, is to set action goals. Things you will do, that you have control over.

      For example, you want to write a book. Tiffany Dow has been running a challenge via her list and blog to get a book written and available on Kindle in 30 days. The basic premise was committing to writing a page a day. That you can control.

      Making five useful blog comments per day, or posting one new quality article per week, are both goals you have control over.

      Use the monetary objectives as milestones to judge your progress and make course corrections.

      I think you'll be much happier with the results...
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      • Profile picture of the author RoadCEO
        I had not overly thought about it but that makes a lot of sense. I do tend to make goals that are like earn a certain amount of money or make x happen. Instead of goals in since of the steps to get to that point. I will have to take another look at my plan of action in a bit and see how I can work more action goals into it.
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      • Profile picture of the author Sleika
        john, read your post and read it again a couple times ... some great advice

        dont want to start off the wrong foot here, im not in any way saying someones strategy should be be to make x amout to make x amount.

        my intention was and is if you have a certain financial goal albeit 10K to 10 bucks .. 2.74% on average per day is the goal, how you end up getting that conversion ...
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  • Profile picture of the author KLinfluence
    Thats a great way to start putting your income goals into perspective. I also try to set my agenda on a week by week basis and commit. Setting a timer is also good too, that way you'll have no distractions from your tasks. Stay with it and make improvements along the way so you'll be golden. Good Luck!

    -KL
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  • Profile picture of the author Thomas W
    You need to take baby steps.

    I never recommend using "MONEY" as a goal setting when you first start. It will diappoint you and you will quit

    Get the basic foundation first.. Learn how to develop your niche. Learn how to generate traffic. Then finally learn how to convert traffic.

    Taking these baby steps will get you on the right track.
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    Established webmaster since 1998. Bought my first domain name for $70 and had to pay $1000 a month for hosting. It was the good life

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  • Profile picture of the author hazyl lee
    Good focus. Just a simple tip yet very important tip for u.. it's good to start with building your subscriber list.
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  • Profile picture of the author CurtisSWN
    The Force is strong in this one


    Originally Posted by Sleika View Post

    still working way my through the newbie phase of IM and was looking at some numbers for goal setting and thought i would share

    im using goals like $1,000/year, $10,000/year, etc

    using those it breaks down to about 3% ( 2.74 % given a 365 day work year )

    so if i aiming to make 10K this year i need to average 27.40 a day to get there

    not sure if this will help at help at all but puts things in perspective on what were trying to acheive and hopefully we can fine tune our methods/goals to get there
    Signature
    Simple Two Step Formula
    Earns Me Over $146.72 in 12 Hours. This is Weird, But it Works!
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  • Profile picture of the author Henry White
    Aside from your math being wrong - .00277 which .277% per day vs. 2.77% - you're on the right track. Actually, that's saying a lot because so many newbies never break it down this way - and thus have no way to measure progress.

    It's crucial to write this stuff down! If you can measure something, you can control it; if you can't/don't measure it, you can't/won't control it.

    The only thing I can add is that your goals are never static. As you approach one milestone, ratchet it up to the next level. And always celebrate and reward yourself when you reach any of these milestones.
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  • Profile picture of the author joefizz
    Foundation stones are absolutely essential for success. Goal setting is one of those stones...

    Llwyddiant!

    Joe
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  • Profile picture of the author RoboCod
    Goals are essential, but they're nothing without action. It's so easy to be seduced by thinking "All I need is to make $20 a day", then spend months buying products that promise to get you there, without ever taking a real step towards making it happen.

    Even the tiniest amount of action can do wonders for your mindset, and your mindset is the biggest predictor of your returns.

    Example: I took action by putting up a Fiverr gig for my writing services. I knew I was worth way more than $5 per article, but it made me realize, "Holy crap - people I've never met will send me money in return for my skills."

    That led to writing an ebook and a Kindle book that sit there making sales every day with zero effort. But it never would have been possible without that tiny Fiverr gig that changed my mindset and gave me the motivation I needed.
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    • Profile picture of the author Pole
      You are exactly like me two years ago. I was constantly thinking about how much I could make doing what. I realized that taking action is the dealbreaker. You won't make money by sitting down and calculating how much money you WANT to make! There are NO goals, and NO limits. I wish you success!
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  • Profile picture of the author Justin Spencer
    Originally Posted by Sleika View Post

    still working way my through the newbie phase of IM and was looking at some numbers for goal setting and thought i would share

    im using goals like $1,000/year, $10,000/year, etc

    using those it breaks down to about 3% ( 2.74 % given a 365 day work year )

    so if i aiming to make 10K this year i need to average 27.40 a day to get there

    not sure if this will help at help at all but puts things in perspective on what were trying to acheive and hopefully we can fine tune our methods/goals to get there
    Hello Sleika,

    If I was in your shoes. I would ask myself the proper questions to steer myself in the right direction and pattern of thought.

    Goals are powerful beyond measure when they are created using psychological leverage.

    Goals are useless when you do not acknowledge them daily and when you fail to understand the "why".

    So here Is what I suggest you do in order to give yourself the proper tools to meet your goals.

    1) Get crystal clear about what you want.

    Specify the amount of money you want to make. (like you did)
    Declare an iron-clad time commitment. (like you did)

    2) Get down to the "why".

    Why do you want to achieve the goal to begin with?

    What are you going to do with the money you have that was not there before?

    Make a list of 25 reasons why achieving your goal will improve the quality of your life or the lives of others.

    3) Once you review your list of "why's".

    Right down at least 10 emotions describing how that will make you feel.

    Excited - Amped, Free, Thrilled, Happy, Powerful... How will you feel?

    4) Make a poster of this stuff. Decorate it.

    Hang it on your b-room mirror. Your fridge. Review it daily.

    This technique has helped advance my thoughts into powerful actions, over and over. Which has allowed me the great privilege of financial abundance in my life.

    Cheers,

    -Justin
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