KHALID

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.

I’ve never been one with patience to sit and wait, especially if I see something better come along. In business, I usually build, monetise then sell a website as the cash seem too good to pass on and I’ve spotted another idea.

I’ve said on multiple occasions that if I kept everything I’ve ever built, I’d probably be blogging from a beach telling you that I’ve beaten my $100 a day target and I’ve got a lovely tan.

On the flip side, I’m not one to cry over spilt milk and I regularly take advice, ask for opinions and learn as I go. I’ve been successfully building sites for years now yet I’m still not half as good as some of my peers and regularly get told off for small errors.

However, I’m grateful for the advice and because I sold most of my profitable sites, I was able to clear £7,500 of credit card / student debt in one year, something I am extremely proud off.

This week, my good friend and business partner on some ventures, Rob, told me it would be wise to stop looking for the next venture so quickly, sit down and write a strategy. A business plan wouldn’t work in this situation as I don’t have a single “business” as such, I spend my time on multiple sites.

So I sat and wrote a few pages worth of content and it really got me thinking. I would love to retire by the time I was 30 – what I mean is live off my website earnings – and this plan really put things into perspective. It is amazing how valuable putting pen to paper can be and I’m determined to follow my strategy once Rob has scrutinised it with his hugely pessimistic attitude!

To be fair though, joking side, Rob is a successful Internet Entrepreneur so his guidance is much appreciated…although his spammy comments taking the piss aren’t (I guess when Jeremy Kyle is finished things can get a little boring).

Anyways, I just thought I’d share my tips with you and hope you can do the same.

Good luck with your pursuits,

Khalid.