From Zero to $40,000?
When starting a business, it’s important to have concrete goals for you and your business. One of the goals of this website is to help others who have similar goals to see what it takes to start and operate an internet business.
How long would it take to build a new business into a $40K annual income?
In 1999, I started building websites, and built a successful internet company that specializes in “niche webhosting”.
By the first quarter of 2008, the business was providing a nice full-time income for me, my business partner, and our one full-time employee. By late 2008, however, cracks were appearing…
You see, our entire business is built around providing services to distributors of one MLM company. All of our eggs are in one basket. Furthermore, my wife and I would love to relocate to the sun belt, where the cost of living is higher than it is here in rural Kansas.
January 2009 found me reflecting on the past 10 years, and wishing I’d spent a little more time outside of our primary business – and building a backup plan. April finds me contemplating going back to a “J-O-B”. So here I am, with nothing but my Dell Dimension 9200, an internet connection, and approximately $456.14 in “seed money” to start a new business.
My goal is to build a network of money-making websites that generate approximately $40K per year. Why $40,000? It’s around the “average household income” for this region of the country, and a hair more than I’d be making if I was teaching full-time, which is what my first “real job” was.
Besides, I think it’s an attainable goal, at least in two to three years.
$40k = $3,333.33 per month or $109.59 per day.
Therefore, I need to strive to build 10 websites that each earn, on average, $11 per day. I think that’s definitely “doable”. Especially since I already have a regular paycheck from my first company, and 10 years of experience to fall back on.
Wish me luck.