Time flies, already 2 weeks of 2007 came and went. Is 59Ideas dead?
Not at all! I’m tempted to blame the recent Taiwan earthquake that caused connection outside of Asia (and China in particular) to slow to a crawl for the laziness to post.
As the first post of 2007, it is a must to reflect on what I had done last year and plan for this year.
Last Year
Last year started with high excitment as I set a target to achieve $1000 of revenue purely from online activities. This was how 59Ideas and many of my sites came about. The journey was traced in Seeking Revenue. Things started fine but as half year went by, the target still look elusive.
Again, I’m tempted to use the excuse that I was also running my business offline. But the what did me in was an underestimation of the time commitment and over-stretched myself. In the end, I burned out before the end of the year and things grinded to a halt.
This Year
All was not lost though. Last year’s exercise gave me plenty of insight into how to create revenue online and where the time and effort went.
Right now, my monthly income average $200-300.
My plan this year is to reduce time spent online maintaining all my sites but yet increase revenue 100%.
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