I have decided to challenge myself to go from 0 to $50k/month steady income. I found a great system to do it and with proper planning and execution, will be duable ;] I know it’s a big amount, it’s over half of million income per year. I challenged myself that big to accomplish more than I’ve ever could have imagined. It’s definitely over my comfort zone and that’s the reason I’m doing it. I believe that in the proccess changing and aspect of your life you have to always think one more step ahead, think of much bigger goals and smaller achievements will become easier. These smaller achievements may be perceived by me as very big but because of ‘law of contrast’, after time they will become minor to the bigger picture.

I called it ‘0 to 50k challenge’ cause I’m going to start from $0 income a month (I’m selling my site to fuel this challenge) to $50k steady income monthly after 5 months.

I’m going to use proven model, selling information online in niche markets. I’m going to develop a website, ebook, autoresponder, sales page and all this. I’ve chosen this model because it will create for me great assets overtime, customer list and mailing list, and traffic in many niches that I can monetize later on. I’m going to create 20 sites a month, 100 sites after 5 month making $500/mo each in average, that’s $50k/mo. I’m going to work on every website as long as it’s needed to achieve this income rate.

Niches can vary, so there is no way I can know which one will perform best and which won’t at all. That’s why I’m going in mass to find best markets for later on developing upsell/backend products. I already found over 130 niches that I found through a lot of market research to be profitable and marked them from 4-6, depends on niche predicted profitability, competition and income potential.

Expenses are: article, ebook writing and copywriting, about $500 per site. I know it’s not  a lot but I found some great sources for fairly cheap price.

Numbers. If I can get 1% sales page conversion, that’s average, I will need around 300 people go to my content site, 100 go to a sales page through link or autoresponder, to make $17, or with 2% around 150 people. With higher conversion it wil be definitely easier to bring 150 hits. I’m planning to use article, later video marketing with use of social bookmarking sites. Planning to write 20-60 articles, to achieve desirable amount of visitors, if not enough utilizng power of video marketing for additional hits. After a month I will know exactly my sales conversion numbers and will be able to predict how much visitors do I need to provide to achieve $500/mo per website.

Anyway, I would like to write my plan, what’s the expected income I want to achieve every month. I want to go to $50k/mo in period of 5 months – around 150 days.

Domination Plan Revealed ;]

01.07.2009 – START – $10k investment – $0 profit – NET -$10k
01.08.2009 – 20 websites created – $10k investment – $0 profit – NET -$10k
01.09.2009 – 40 websites created – $10k investment – $10k profit – NET $0k
01.10.2009 – 60 websites created – $10k investment – $20k profit – NET +$10k
01.11.2009 – 80 websites created – $10k investment – $30k profit – NET +$20k
01.12.2009 – 100 websites created – $0k investment – $50k profit – NET +$50k
SUMMARY: $50k investment – $110k profit – +$60k NET

So basically I need $20k to start, after second month I will make first $10k that I can invest in third month and then it will go easily to the end.

I did play safe in first 2 months cause I relaly don’t know how my sales letters will convert, how much targeted traffic will I generate. It’s all based on assumptions and perhaps in first and second month I would need to do a lot of tests to really duplicate the success later on. Also not all niches can sell, but other may outsell, I would perhaps need to change sales pages if necessary or even abandon niches. Time will tell ;]