No I haven't yet made half million. I have life situation where I need to have this amount in my hands. I realize it is mountainous target for some and while others may see it as piece of cake. I am in the middle, O have high hopes that I can reach the target.
It is been since one month and I only have 9 months left. I have successfully run a business for about 4 years but never banked half mil in profits. It was all rotation. I am not starting of from scratch.
I already have made some in the last month and from the past all in total got about 50k. I need to reach another 450k. I.e about 50k a month. The number looks huge I have break it down into smaller streams of revenue and started of the journey. Time will tell how it goes. But it is a life situation for me so I am putting my heart and soul to reach the target.
I am looking for your inputs - motivate me, give tips, strategies or shoot me down
I will keep posted about my journey .. so others may find benefit from what I do...
My current business is providing software consulting services. I have a network of clients who give repeat business or refer new clients. I have been doing it for last 4-5 years and consider to be done well with a full time job. I have own development team and also outsource on need basis. My 50k-60k profits are from business. The joband business rightly occupies my time. I need to manage my time. Thats pretty much the background.
I have split the revenue generation approx as follows in next 10 months
* Current business 8k profits a month - 80k
* a new saas product I just initiated - 40k
* retail and wholesale e-commerce just started out and hoping to target about 40k
That's so much I have initiated. Got a lot more thoughts but still evaluating. I am brainstorming spread out or stay focus on one... not sure how should I position. I am looking for your. thoughts
blogs network about 20 and then resell to cover about 20k but I am worried this may not be efficient.