Passive Income Challenge – Day One

So another year has flown by and I am still at it. Obviously I am not one of those superstars who started internet marketing and then had amazing success within a few months. I did make a few thousand dollars online in 2009 but, for the most part, I reinvested all of it back into my business to try and make my life easier. Just this week I added RSSBot, ArticleBot, and BlogBot (have not tried this yet though) to my online arsenal. Combining that with Micro Niche Finder I think I have everything that I need to make a real go at this online stuff in 2010.

In 2010, my goal is to develop some serious streams of passive income. And by serious, I am talking about making more than $1,000 per month. Currently, I am a long, long, long way away from that kind of revenue. In December, I made less than $200, which was a pretty decent month by the way.

In order to reach my goals, it is probably best if I actually had a few goals. With that in mind:

Passive Income Goal #1 - Earnings from my various streams of passive income will be greater than $1,000 a month by December 31, 2010.

Passive Income Goal #2 – I will build 104 micro niche sites by December 31, 2010. These will be stand alone sites, built around targeted keywords, hosted on my own hosting and will contain a minimum of five pages. Each niche site will earn $0.50 per day in revenue.

Passive Income #3 – Create 25 PLR article packs and sell them on the Warrior Forum and my, newly created, plr website.

Additionally, I plan on using PLR articles (re-written about 50 – 70%) to create 25 or so Squidoo lenses, Hubpages, Blogger Blogs. These will be used primarily as Amazon sniper sites and to add backlinks to any ‘money sites’ that I create. I managed to create two pretty cool Squidoo lens today, run the RSS feeds through RSSBot and submit articles to about 150 sites (via ArticleBot). Hopefully, these will get indexed in a few days so I can see if there is any real interest in this niche.

So there you have it; my 2010 passive income challenge. I plan on using this blog primarily as a way to track my progress, and seeing as how I get about 5 visits a day, I will be writing for primarily for myself and my brother. So please feel free to drop a comment or two and let me know what you think.

I’m Out!

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