To walk out of the door of my corporate office on December 1, 2010 I need to have developed a good amount of income coming in. Now I am not looking for the same amount of money that I am earning now, my lifestyle standard of living will be completely different to what I currently enjoy. So I am not looking to be ultra-rich or an uber-online marketer, which is something that some people get caught up with. I want to have enough income coming in to be able to live on and to continue into my “real” retirement years.
Rules:
- I must enjoy what I do
- It must not be time consuming on a daily basis
- 85% + of the tasks can be performed by others or left on auto-pilot
- it must fit my moral view
Income Stream 1
Over the last year or so i have studied and put into practice what i have learned through the Thirty Day Challenge and The Immediate Edge. Through that time I have learned what I like to do and what I can’t be bothered with. Adsense PPC campaigns I can’t be bothered with for example, but setting up niche market sites to sell affiliate products (or maybe my own product) suits me down to a tee.
Being a big believer in “little fish are sweet” the plan is not to have one or two massive earners as the be all and end all, but to have many smaller sites as well.
The awesome thing about this is, you can outsource much of the work. Looking at the steps that go into building a well ranked niche site, you could leave it all to others if you have written up good enough processes for them to follow.
- Keyword/Phrase discovery – yes
- Affiliate product research – yes
- Niche subject research – yes
- Backlink domain research – yes
- Content writing – yes
- Blog creation and population – yes
- Documentation + reporting – Yes
- X 100? – YES!
I am sure there are many people out there who are quietly going about their business doing just this. It isn’t any form of rocket science, and I don’t want to make complicated something that has a very simple brief, make me cash to live on while I do the things I want to do.
Planned and executed my exit from the corporate world. Walked away with a 6 figure payment to boot.
if 85% of your tasks can be performed by someone else or by a program then you need to wonder what the hell you are doing at the company. that is certainly not a goal i would attempt to strive for; it just marks you as useless.
Allison you are heading in the right direction. I own 100′s of sites and have quite a few that generate an income for me. Most of these sites are on total autopilot which is how I like it.
J.R.
Silky: i might not have explained what I meant clearly. Certainly if the work is useless get someone else to do it, while you go off and do something worthwhile.
J.R.Jackson: Thank you for the encouragement. It is great to know that it can, and is, a viable income source!