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Re: The "Cost" of the matter
Jeff - funny you mention it but that's what I'm doing at the moment.
I usually spend the last few days of the year and the first few days
of the New Year sorting out where I've been and where I'm going. It's
usually extremely humbling to compare the data over the years. But
this is also quite rewarding when I see how very far I've come since
those first few weeks when I returned to full time writing in Jan 05.
From 100K unique visitors in 05 to over a million three years later
in 07. Nice traffic growth - and still rising in 08 according to
early indicators post-Christmas.
I use a very simple system as befits my basic ability to stick to any
plan (short attention span alert!) I set it all up on an excel
spreadsheet. Anything more complicated and I ignore it.
First column are my Key Income Silos. Websites, Books, Magazines
anywhere I might spend some time and make some money. Experience
shows me that 5 silos are just about the perfect number that I can
handle properly.
Second column is the amount of money I want to make from each of these
silos. I put income numbers beside each of the silo areas because
nothing focuses attention so much as having real number goals. This
column is set up to add those numbers so I can adjust up/down/sideways
depending on time. The bottom line had better be good enough to
live on. :-)
Here's where it gets fun. If I have 4 income silos and I want to
make 100K this year, then I have to decide how much to earn in each
silo. That proportion equates directly to the time I allot to each
area. If one area is 50k and 50% of my income, it gets roughly 50% of
my time. I don't spend a lot of time on something that isn't going to
make me money. Developmental activities are considered a 5th silo
and get one afternoon a week. This isn't carved in stone but is a
good guideline.
The third column sorts out the major activity areas I need to do in
each area. For example on a Website silo, you might have Content
Creation, Traffic Generation, Preselling, Monetization as four
activity areas. Each of these is assigned specific tasks that will
make the original number. If I know that each page of a site makes
$9.00/ then I know a 100 page site will make me $900.00 in a perfect
world. So if I want to make $9000, I have to have/write 1000 pages
for my Content Creation activity. That's 20 pages a week for a year
and my time is set up to handle (or not) this level of activity. If
I have 2 ways of making money from each webpage, then each of those
two methods (e,g. adsense and affiliate links) would have a number
assigned to them to evaluate and work against.
Fourth column sorts out the real specifics of how/what/projects have
to be done each week to make those numbers - e.g. 20 pages/week.
And -like yourself- I know what I can produce in any given week year
in and year out - so I tend to focus on those activities that will pay
the bills and return maximum amounts for each hours spent.
I'm in the middle of juggling all this to produce the maximum income
and sort out exactly what I want to do next year, what activities and
what level of technology is going to do what for me and my readers.
And in a way that I can enjoy what I do - this is, after all, why I
write for a living. It's half fun, half numbers and half guesswork
based on experience (I might have too many halves in there and this
too is part of the adventure) :-) In any case, it gives me a focus
and a way to sort out what I want to do over the next 12 months. Lots
of notes and scull sweat trying to make everything work.
So at the end of next week (give or take) I should be able to tell you
how many books I'm going to write, how many magazine queries I'll make
each month, webpages I'll build etc to make my numbers and keep all my
toys healthy.
But I wouldn't know any of this unless I had a basic plan to work from.
It takes a fair amount of work to do this but it clears the head and
gives a focus for each week's work. I translate each of these
activity levels into concrete action plans for each week (so many
magazine queries out there - so many web pages built this week etc)
that I get to check off my to-do list that I make every Monday
morning. And yes, some weeks the plans never seem to work out as the
alligators get my anatomy - but then there are those sweet weeks when
the Net works and the words flow and life is good.
But yes, it all starts with that dreaded business plan, working from
this, evaluating your numbers from it and working the plan. Love 'em
or hate 'em - they work. But you're right - no sense making a plan if
you don't stick to it.
Doug
p.s. I did pick garden writing, but I didn't chose poverty. :-)
Douglas Green
Online Garden Publishing
Blog: http://blog.douggreensgarden.com
Home: http://www.simplegiftsfarm.com
On 1-Jan-08, at 8:43 PM, Jeff Ball wrote:
> DOUG,
> How many garden writers have a "BUSINESS PLAN?" You and maybe three
> others who worked in the real world before they chose poverty and
> garden writing. There is no question a business plan helps to keep
> focused and not get off on side tracks that reduce potential
> earnings. But I've never seen a framework for a very simple business
> plan that might work for a writer. I've tried four or five in my 25
> years and none of them lasted more than three months. My work was so
> unpredictable and I have no discipline.
> Good thread
> .
> Jeff Ball
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