On Step Forward, Two Steps Back!
This is a Review & Reflection post where I take a look at what I got done over the past month. I want life to be a balance of creating an online business while enjoying the good things with family and friends.
This is what I am striving for. I hope that this post will help to inspire others who are looking for the same thing too.
Highlights for December
- I went to the Winter Wonderland Market in Hyde Park
- I watched Warhorse with my Sister for her birthday
- I watched The Hunger Games – Mockingjay
- I had pre-Christmas dinner date with great friends
- I had a cozy Christmas with my family
- I had post-Christmas lunch date with more great friends
Results of The Goals I Set for November
- I Will Earn $1,000 – NO
- I Will Write 20 New Articles for My PLR Site – YES
- I Will Work on a New Product Funnel – NO
- I Will Work on a Schedule for 2015 – SORT OF
My Income Report for December
I was striving to earn $1,000 for the month of December. Let’s take a look at how I did.
The PLR Boutique = $85 Last month = $191
Recommending Other PLR & Products =$257.49 = Last month = $378.45
Amazon Affiliate Programme = $124.95 Last month =$131.88
Amazon Kindle Book Sales = $8 Last month = $30
Total Earnings for December 2014 = $475.44
Last month = $886.01
As you can see, I was way off target. There were a couple of reasons for this. One is that half way through December I sort of stopped working on my online stuff. I was distracted by other things and couldn’t get back into the swing of writing. The other reason is that because I could see that I wasn’t near my target goal, I couldn’t motivate myself to work harder.
I did learn a couple of very important lessons during December:
Making money with Amazon can be unpredictable. I am happy that I have built up my sites to a level where I know I will get some clicks and commissions.
I also realised that it is not a good idea to put so much effort into a revenue stream that you have little control over. At the moment, my Amazon Affiliate membership link is OK but the terms and conditions could change, like it has for some states in the US. So why do all that work and suddenly lose that income stream?
I will therefore only add an article here and there when I have time and enjoy the passive income, large or small.
Now that they have changed the VAT rules in Europe, this means that I have to collect names and addresses of anyone who purchases PLR from my site. This seems to be a lot of hassle when I do not make that much. So I am not sure what I am going to do, going forward.
It is time to concentrate on something that I really love to do but am scared that I will not be a success at it. That is fiction writing. Good money can be made but it does involve a lot of hard work and stepping out of one’s comfort zone. Time to go for it I think.
Things I Will Do in January 2015
#1 – I Will Write a Short Fiction Book
I love writing fiction. I realised that I hadn’t done very much of it last year. One reason is because it has not really been a big money maker so I didn’t think it was right to use up my time pursuing this “hobby”.
But I have been reading a lot of information about people who are doing really well. Steve Scott wrote about his success. So, too has Joanna Penn. I also know that people who followed Geoff Shaw’s Kindling course have also been making a full time income from this. I am therefore going to try my hand at it.
The first book will be a collection of very short stories – just to help me get back into the groove of writing. Stories will be around 1,000 words each.
#2 – I Will Work On Some List Building Activities
Building a quality list helps you to connect with people who are interested in what you have to offer. As I am going to start writing fiction, I wouldn’t mind working on building a readers subscriber list. I also want to add more people to this blog list. So that is something I will be working on in January.
There are other bits and pieces flying around my head. I am not sure if I will get to them during this month so we shall see. Wish me luck
Have Your Say: Do you have a plan in place for January or indeed for the whole of 2015? I would love for you share the goals you hope to achieve in the comments section.