July 14, 2009
By Khalid
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Business Strategy 2009 – 2010
Recently I posted that I intended to follow a strategy that will last until 2018, when I turn 30. The 9 year plan will definately be succeptible to change, however my intentions are to hit specific targets year by year and so providing I am able to do that whilst building my business, it should be a success (fingers crossed!)
Over the past year my $100 a day challenge has come back with mixed results, and on some months I have smashed the target, whilst on others I have failed. Developing and selling websites is profitable, but the true money lies in retaining your profitable assets for long term gains, rather than short term cash flow.
Unfortunately, whilst I had student debt looming over my head I didn’t have this luxury, and so I continued to sell everything I owned until I was “out of the red and into the black”. Now I want to concentrate on retaining assets unless I cannot add to their value.
Between now and 2010 my targets are as follows..
- All valuable domains have a fully functioning website
- 1st page ranking for 50% of live websites
- Monetise ranked websites
- Sell assets that cannot be built on
The first year will allow me to generate further revenue from any sales and plough that money into websites I intend to retain and/or new ventures.
Check back soon for next year’s business strategy!
Good luck with your pursuits,
Khalid.
