How to make money in 2012

No goals, no money. Simple as that. This is not a new year resolution post. It is a target setting post where I outlined my plan for achieving financial independence. 

In this old article on mine about targeting buying keywords for beginners, I talk about my money making 2011 target was USD5000 per month. If you read this post on why my adsense dropped in 2011, you will know that I have actually achieved it. Even if I did manage to lost a big chunk of my adsense income, my other online income sources are still keeping me alive : ).

Overall, 2011 was a year that was filled with its ups and downs. It was exciting to see my online income jumping to 5 figures and really open my eyes to what was possible. At the same, the same rate in which my income fell also exposed me to what was the risk of churning out low quality niche sites.  If I am to summarise 2011, it would be this: making a full time income online is certainly possible but you need to build quality sites from day one to avoid penalties down the road. 

So, 2012, my goals is still USD5000, on top of my current income. However, the actually composition will not be purely adsense. I think over replying on one income source is a huge mistake that I shall not repeat in 2012!

How is what my ideal income streams will look like by end of 2012:

• Amazon: USD2500. My current amazon earnings is about USD200-300. I hope the 50 amazon niche site challenge can take me to this level.

• Adsense: USD1000 from cosmetic surgery sites. My current adsense income from this niche is around USD600 (down from USD5k) and I want to grow it back to at least 1k again.

• Selling sites: USD1500. I intend to sell some of my amazon sites once they have a history of making a recurring income. I can’t manage so many websites forever. Eventually I will focus on those that I have interest in to continue to develop them. For the rest of the sites which are earning money but have no attraction for me, I want to offer them to my readers first before putting them on Flippa for sale. Rather than peddling some tools or other products, it is better to offer you guys income producing properties that will make you money! Imagine that! Buying something that actually gives you cash, rather than a tool that you HOPE can give you money.

It is a relatively simple plan. However, if executed well, I believe it is a very realistic target. I would love to hear what are your ideas for making money for 2012. The comments are open!

Posted in: Personal