At the very least I need to make £2000 month gross. To achieve this I am dividing this figure into 5 seperate income streams.
£2000/5 streams = £400 month
£400/20 days (ignoring weekends) = £20/day/stream.
Each one of the streams have the potential to achieve the total sum, but by breaking it down I cover bad months with some streams, find out which ones are more profitable and which ones are best left to other people.
There could be see some overlap in time - e.g a product might have mini-sites, e-letters, e-books and articles all running alongside each other. Most will be online related.
I think once I get my first cash cow, everything else should fall into place. It might be tough with time issues, but I used to work 14 hour days on something I didn't enjoy so this should be easier.
As long as I stick to my £20 target initially then the time shouldn't too much of a factor. Also, if I can make £2000/month part time, I should be able to double that at the least full time.
The £2000 counts as revenue which I can draw upon. I will also be hoping to save and grow capital through trading sports and markets.
I will be adding one stream a month for the next 5 months. All comments and suggestions welcome.
Tomorrow I start with my first stream. Stay tuned...
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