Today is January 1st 2010, Happy New Year to you all.
Today is the first day of the rest of my working life.
What does that mean for me? Well it means that I shall stop wasting my time, I shall use it much more productively. For example I shall stop playing games on Facebook (it's all I ever use it for anyway).
I also have to plan my week. Each day will be set aside for a different income stream. For example, Monday will be used for anything relating to Amazon. Tuesday for anything eBay related.
My main motto for this year is to TAKE ACTION.
Right I'm off to take some action.
Friday, 1 January 2010
Monday, 28 December 2009
How Will I achieve My Goal?
How am I going to make my $25 per day everyday?
Well I shall start by selling my unwanted goods on eBay. I know it's not exciting but it will get me started. I also know that it will not be unending source of income, but it will get me some income to start with.
I shall also be selling unwanted goods on Amazon, again it's not exciting but will get me some initial cash.
Both of these income streams will allow me to look at other ways of earning cash online. My initial thinking is to become a business seller on eBay. I have briefly looked into this but need to delve deeper.
If this gets done properly I believe this could earn me $100 per day everyday on it's own, but I do not want to put all my eggs in one basket.
I shall also be entering competitions and surveys each week. This is obviously an unpredictable income source but anything I gain from this will be classed as a bonus.
As I progress through the year I shall keep reviewing my goals and updating this blog to let everyone know how I'm getting on.
Well I shall start by selling my unwanted goods on eBay. I know it's not exciting but it will get me started. I also know that it will not be unending source of income, but it will get me some income to start with.
I shall also be selling unwanted goods on Amazon, again it's not exciting but will get me some initial cash.
Both of these income streams will allow me to look at other ways of earning cash online. My initial thinking is to become a business seller on eBay. I have briefly looked into this but need to delve deeper.
If this gets done properly I believe this could earn me $100 per day everyday on it's own, but I do not want to put all my eggs in one basket.
I shall also be entering competitions and surveys each week. This is obviously an unpredictable income source but anything I gain from this will be classed as a bonus.
As I progress through the year I shall keep reviewing my goals and updating this blog to let everyone know how I'm getting on.
Saturday, 26 December 2009
Goal Setting & My Major Goal For Next Year
We all set goals all of the time, whether we realise it or not. There are 2 types of goal, there's the necessary ones and personal ones.
For example, I need to get the kids in fed by 18:30, or I need to finish this report before my meeting. These goals are necessary goals. It is necessary to feed the kids (if you don't want to hearing them crying because their hungry), or to finish that report (in order to make your meeting go smoothly).
Personal goals could be, I want to drive a convertible car or live in a wealthier part of town. These goals are the ones we desire and dream about. It is these goals we need help with achieving.
To make our desirable goals that much more achievable we need to know how to set them properly.
For each goal I set I use the following criteria -
Goal Name
Deadline
Metrics
For example, my main objective next year is to replace my salary income with income from my online businesses. I have a clear goal (I want to replace my job salary with my online salary). I have a deadline (end of 2010) and I have some metrics (I can measure how well I'm doing by comparing my job salary with my online salary).
This main goal is huge and daunting. Leaving it as it is would seem like climbing up a mountain and in the past I would've either started and stopped at the first obstacle or not started at all because it felt too big. This year though I broken my main goal into smaller goals.
I've looked into how much I need to earn everyday to be able to replace my job salary. I have then set a smaller, bite sized, goal which when I achieve that means I'm part way towards my major goal.
For example, I know that to be able to give up working for someone else I need to be able to earn $100 per day everyday. That to me at the moment seems a lot and very difficult to achieve, however my first smaller goal is to be earning $25 per day by 31st March 2010.
Using my criteria from earlier I have a goal name (earn $25 per day), I have a deadline (31st March 2010) and I have my metrics (will I have $25 per day coming into my account).
I shall be using this technique for all the goals I set myself for next year.
I'm looking forward to the progress I'm going to make next year.
For example, I need to get the kids in fed by 18:30, or I need to finish this report before my meeting. These goals are necessary goals. It is necessary to feed the kids (if you don't want to hearing them crying because their hungry), or to finish that report (in order to make your meeting go smoothly).
Personal goals could be, I want to drive a convertible car or live in a wealthier part of town. These goals are the ones we desire and dream about. It is these goals we need help with achieving.
To make our desirable goals that much more achievable we need to know how to set them properly.
For each goal I set I use the following criteria -
Goal Name
Deadline
Metrics
For example, my main objective next year is to replace my salary income with income from my online businesses. I have a clear goal (I want to replace my job salary with my online salary). I have a deadline (end of 2010) and I have some metrics (I can measure how well I'm doing by comparing my job salary with my online salary).
This main goal is huge and daunting. Leaving it as it is would seem like climbing up a mountain and in the past I would've either started and stopped at the first obstacle or not started at all because it felt too big. This year though I broken my main goal into smaller goals.
I've looked into how much I need to earn everyday to be able to replace my job salary. I have then set a smaller, bite sized, goal which when I achieve that means I'm part way towards my major goal.
For example, I know that to be able to give up working for someone else I need to be able to earn $100 per day everyday. That to me at the moment seems a lot and very difficult to achieve, however my first smaller goal is to be earning $25 per day by 31st March 2010.
Using my criteria from earlier I have a goal name (earn $25 per day), I have a deadline (31st March 2010) and I have my metrics (will I have $25 per day coming into my account).
I shall be using this technique for all the goals I set myself for next year.
I'm looking forward to the progress I'm going to make next year.
New Year New Start
Ok so it's not quite the new year yet but I have made my New Year resolutions already. In essence New Year's Resolutions are Aims & Goals
by another name. We just set out to start them at an opportune time, when after all the festivities of Christmas are over and we look forward to a new start.
This coming year is going to be a big one for me. I have for too long drifted through life. It is time to get on the rollercoaster and ride it. I have been afraid to take action or been easily put off by those around me. It is now time for me to stand up for myself and make things I want to achieve happen. No-one else is going to do it for me.
Time for me to commit these new goals of mine to virtual paper.
by another name. We just set out to start them at an opportune time, when after all the festivities of Christmas are over and we look forward to a new start. This coming year is going to be a big one for me. I have for too long drifted through life. It is time to get on the rollercoaster and ride it. I have been afraid to take action or been easily put off by those around me. It is now time for me to stand up for myself and make things I want to achieve happen. No-one else is going to do it for me.
Time for me to commit these new goals of mine to virtual paper.
Wednesday, 25 February 2009
Why Multiple Income Streams?
Until recently I kept trying to use each new product I purchased on it's own. I was trying to achieve the same results the product owners were claiming were possible. When it I didn't achieve these results I would get frustrated or dis-illusioned and give up. I sometimes bought something else instead and started to try that before the other product had been given a chance.
I then read a paragraph in a product I bought which explained why they recommended multiple income streams.
They described the following scenario -
There are 2 companies selling cans of soda. One company has 1 vending machine and charges $1 for their soda. Their machine is in a prime location and sells 1000 units per month. The other company has 10 vending machine and charges 10c per soda, their machines however are in less desirable locations and each machine sells 100 units per month.
Company A = 1 x 1000 @ $1 = $1000
Company B = 10 x 100 @ 10c = $1000
Looking intially Company A sells more units out of its 1 vending machine and maybe is the best option. Now imagine that a vending machine breaks down at each company and it cannot be fixed for a month because they are waiting for a part to arrive.
Company A = 0 x 0 @ $1 = $0
Company B = 9 x 100 @ 10c = $900
Company B is still making money even though they have 1 machine broken. Company A has made no money because they put everything into just 1 machine and that is current broken.
This is the power of multiple income streams. If each stream earns a little then when they are added together they can become alot. If 1 one these income streams no longer makes money then not all our income has been lost.
I then read a paragraph in a product I bought which explained why they recommended multiple income streams.
They described the following scenario -
There are 2 companies selling cans of soda. One company has 1 vending machine and charges $1 for their soda. Their machine is in a prime location and sells 1000 units per month. The other company has 10 vending machine and charges 10c per soda, their machines however are in less desirable locations and each machine sells 100 units per month.
Company A = 1 x 1000 @ $1 = $1000
Company B = 10 x 100 @ 10c = $1000
Looking intially Company A sells more units out of its 1 vending machine and maybe is the best option. Now imagine that a vending machine breaks down at each company and it cannot be fixed for a month because they are waiting for a part to arrive.
Company A = 0 x 0 @ $1 = $0
Company B = 9 x 100 @ 10c = $900
Company B is still making money even though they have 1 machine broken. Company A has made no money because they put everything into just 1 machine and that is current broken.
This is the power of multiple income streams. If each stream earns a little then when they are added together they can become alot. If 1 one these income streams no longer makes money then not all our income has been lost.
Where have I been?
I know that I have not posted on here for a long time but my wife recently gave birth to our second child (another little girl and yes she's lovely) and as a result I have not been able to spend any time at the computer. I will be rectifying this now.
I shall update this as often as my girls will let me.
I shall update this as often as my girls will let me.
Is Sold, Dispatch Now Worth It?
There are increasing numbers of people who are listing their goods on Amazon through Amazon's Marketplace facility. Amazon's Marketplace is similar to Ebay in that you list your product and wait for someone to purchase it. However unlike Ebay you do not have to pay for the listing upfront. You only pay Amazon once the item is purchased. In fact you do not actually have to give Amazon any money at all as they take their cut from the price paid the buyer of the item sold.
Sold, Dispatch Now! is system designed to help people make money through Amazon's Marketplace facility. It's creator, Sharon Fussell, is not claiming that it will make you rich but you can earn extra cash doing this, and in these troubled times extra cash is always useful.
It takes you through the whole process of using Amazon's Marketplace. From setting up an account, to listing your items, to dispatching your orders. It uses books as examples of the items being sold but pretty much anything can be sold as long as it has a barcode or ISBN number. It also takes you through what to sell and how to find replacement stock.
I purchased this in 2007 and listed a number of books I had read. Within 2 days of listing these books I had sold my first one, I was hooked. I have consistently sold books on Amazon ever since. I have also sold CDs, DVDs and computer games. Some of the computer games were very old (over 8 years old) and they still sold.
Would I recommend this to anyone? Yes I would thoroughly recommend it. In fact I have recommended people sell their items on Amazon rather than Ebay as I find it far easier and friendlier to use.
Sold, Dispatch Now! is system designed to help people make money through Amazon's Marketplace facility. It's creator, Sharon Fussell, is not claiming that it will make you rich but you can earn extra cash doing this, and in these troubled times extra cash is always useful.
It takes you through the whole process of using Amazon's Marketplace. From setting up an account, to listing your items, to dispatching your orders. It uses books as examples of the items being sold but pretty much anything can be sold as long as it has a barcode or ISBN number. It also takes you through what to sell and how to find replacement stock.
I purchased this in 2007 and listed a number of books I had read. Within 2 days of listing these books I had sold my first one, I was hooked. I have consistently sold books on Amazon ever since. I have also sold CDs, DVDs and computer games. Some of the computer games were very old (over 8 years old) and they still sold.
Would I recommend this to anyone? Yes I would thoroughly recommend it. In fact I have recommended people sell their items on Amazon rather than Ebay as I find it far easier and friendlier to use.
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