I love goals. They really help to motivate and inspire me. All business owners, including home-based businesses should set goals for themselves. Even if you're just starting affiliate marketing, it's a great thing to have.
Beyond JUST having goals, we need to have a mindset that goes with those goals. Instead of thinking, I'm not going to be able to reach X level, you should think, how am I going to reach this level?
This year both my girlfriend and I are writing down goals and we plan on talking with each other. We're not going be talking about the goals as much as how to obtain those goals. Methods, strategies, etc. Just like it's been said before, it's not really the destination, but it's the journey to that destination that we should focus on. (I cant remember where I got this from - maybe I just made it up who knows...)
With that being said, here are a couple of my goals for 2008.
1. Earn $83,333 a month by September 2008. ($83,333 = ~1/12 of 1 Million)
1. Method --- I plan on branching out from just affiliate marketing and going into both service industries (AffiliateUnleashed and others) and continue to grow my affiliate business. Additionally, I plan on creating some drop shipping sites now that I have my California Resale Id. At the current growth pattern the only major obstacle is going to be my cash flow. Ideally I'd love to have an Amex Platinum but I dont think my limited credit history (I'm only 20) will be on my side. I guess we all have to start somewhere ;). After the $83,333, my goal is to break the 6 figure a month mark. I get excited just talking about it!!!
2. Organize the finances of Volk Marketing more.
2. Method --- I plan on getting a financial program such as quickbooks to organize the outgoing vs incoming cash flow each month. Right now I use excel... it works but it's a bit sloppy. I'd like to be able to track and know the exact breakdown of each campaign I'm running. Doing so will allow me to increase my returns even more. Although I do this somewhat already, I'd like to be more detailed about how I do it. Next, I plan to pay myself a set amount each month which will be transfered from by business account to my personal account. The personal account money is not to be used for business and visa versa.
3. Incorporate.
3. Method --- I plan to talk with an accountant and some business friends about the best methods for this. What are the best "tax shelters" and ways which I can pay the government the least amount of money. I know with corporations there is double taxation, but I also know there are a LOT of loops which you can use to your advantage. (If anyone has some good advice please let me know and get my goal done early!)
4. Give more.
4. Method --- As stated before, the primary purpose of blessing is to bless others. In other words, as I receive more, I want to give more. It's my ultimate goal to be able to give 80% of my income to organizations that are doing things. For this I look to examples such as Andrew Carnegie who gave away 90% of his income ($350 million) and still died filthy rich.
And during his life gave away approximately 90% of his fortune or about $350 million. (source)
This may be more of a longer term goal, but certainly its something I aspire to.
Like I've said before, when I die everything I have will amount to nothing. Therefore I want to invest into eternal things, people. Changing someones life for the better is something that I believe is eternal.
5. Work out 2 times per week.
5. Method --- Right now I work out roughly once per week. I have an ab machine and some free weights. I'm not really looking to gain huge muscle mass, just tone up even more. (Gotta keep the girlfriend happy right?) I plan on waking up slightly earlier on Mondays in order to get the work out time.
I know I'm missing some but I think it's a good list for now.
Let me know you goals by either posting a comment with them or make a blog post and link to it in a comment. If you link to the blog post, I'll post a link to them in this post.
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