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Altwebdesign

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#1

My financial goal for the year

02-22-2010, 02:02 PM

After Reading The latest gfy educational post regarding programmers I have felt inspired and reset my targets for this year!
I am to work approximatly 4 hours a day for $50 an hour 5 days a week giving me 1000$ or around £500 a week!!
I feel this is a great target and that my quality of work will alow me to get my hourly rate the remaining 5-6 hours of the day would be spent marketing finding new clients and driving the business forward!

Anyone else got a goal for this year?
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John.

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#2

02-22-2010, 02:23 PM

My goal is to go offshore, find the 50 bucks a day folks.

Sig too old.
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#3

02-22-2010, 02:40 PM

Originally posted by John.

My goal is to go offshore, find the 50 bucks a day folks.

Sounds like a plan!!
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#4

02-22-2010, 02:56 PM

my goal is increasing the customers amount this year instead of money goals lol

and also increasing my designing skills too.

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#5

02-22-2010, 03:00 PM

made 52k last year, looking for 70k this year

...
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#6

02-22-2010, 03:04 PM

Why not use some of those 5-6 hours to develop sites that will continue generating passive income for years to come?
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#7

02-22-2010, 03:08 PM

Originally posted by rowan

Why not use some of those 5-6 hours to develop sites that will continue generating passive income for years to come?

the best idea up to now

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#8

02-23-2010, 12:22 AM

Originally posted by rowan

Why not use some of those 5-6 hours to develop sites that will continue generating passive income for years to come?

Great idea!
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#9

02-23-2010, 01:30 AM

Originally posted by rowan

Why not use some of those 5-6 hours to develop sites that will continue generating passive income for years to come?

That's so crazy it might just work

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#10

02-23-2010, 02:02 AM

Originally posted by rowan

Why not use some of those 5-6 hours to develop sites that will continue generating passive income for years to come?

Amazing idea rowan , is this your target or you already working on it ?

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#11

02-24-2010, 04:31 PM

Originally posted by Pandoras

Amazing idea rowan , is this your target or you already working on it ?

I rarely do paid by the hour work, just about everything I do is development or routine maintenance for sites that make "unattended" $

Look at it this way... a small, quiet site will have a near zero impact on your hosting (assuming you've already got it), so if the dom costs $10 a year all you need to do is make 2.7c a day to cover that. Anything above that is profit. If you find something that only makes a few bucks a year but can be replicated over multiple sites, make hundreds of them.
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#12

02-24-2010, 04:36 PM

I go the smart route. 10 to 15% increase per year solid and not over.

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#13

02-24-2010, 05:12 PM

Not only that, but you can also invest the money you made at 5%+ a year.

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Jon Oso

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#14

02-24-2010, 05:59 PM

My goal for this year is to make 1/2 of what I made in 2007. Not a "ton" of money but still enough in the 6 figures that I can live comfortably. And I plan on doing all that working about 3-4 hours a day.

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#15

02-24-2010, 06:15 PM

Must be nice!
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#16

02-24-2010, 08:25 PM

I'd like to make 20% more gross than last year.

i like waffles
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#17

02-24-2010, 08:29 PM

Originally posted by Altwebdesign

After Reading The latest gfy educational post regarding programmers I have felt inspired and reset my targets for this year!
I am to work approximatly 4 hours a day for $50 an hour 5 days a week giving me 1000$ or around £500 a week!!
I feel this is a great target and that my quality of work will alow me to get my hourly rate the remaining 5-6 hours of the day would be spent marketing finding new clients and driving the business forward!

Anyone else got a goal for this year?

Wait till you read my educational post

btw, the first step is to have a goal. So you are ahead of most of the people here. At least you are off to a good start, try to stay on track.

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will76

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#18

02-24-2010, 08:34 PM

Originally posted by rowan

I rarely do paid by the hour work, just about everything I do is development or routine maintenance for sites that make "unattended" $

Look at it this way... a small, quiet site will have a near zero impact on your hosting (assuming you've already got it), so if the dom costs $10 a year all you need to do is make 2.7c a day to cover that. Anything above that is profit. If you find something that only makes a few bucks a year but can be replicated over multiple sites, make hundreds of them.

I'm thinking along your lines and started off the year with a goal to build a network of sites that are automated and on cruise control with little to no costs. The goal is 1 sale a month per site. I am shooting to have 500 sites made by the end of the year. 500 sales a month x $30 avg sale will be a nice little chunk of change, extra money with a net profit of about 90%. Also the network should have a nice value if I were to sell at some point.

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#19

02-24-2010, 08:36 PM

my goal is to double my sales from 2009. So far the 1st 2 months I have more then quadrupled sales, but it should even out since the summer months are slower.

I am also waiting for results for a NY state civil service exam I took, if I scored well and they call me for an interview...I might do a career change.

Last edited by HandballJim; 02-24-2010, 08:39 PM.

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#20

02-24-2010, 08:40 PM

Originally posted by HandballJim

my goal is to double my sales from 2009. So far the 1st 2 months I have more then quadrupled sales, but it should even out since the summer months are slower.

I am also waiting for results for a NY state civil service exam I took, if I scored well and they call me for an interview...I might do a career change.

summer months are only slower if you work less during the summer. Keep your hours of working and productivity the same and your income wont dip.

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#21

02-24-2010, 08:44 PM

good advice to all, Will

...
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#22

02-24-2010, 08:47 PM

Originally posted by will76

summer months are only slower if you work less during the summer. Keep your hours of working and productivity the same and your income wont dip.

I am a handball player...so if the weathers nice I'm out playing after my 9-5 job. I already gained about 15 lbs this winter...not healthy being on a computer 15 hours a day.

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#23

02-24-2010, 09:04 PM

nevermind gaylords...

.
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#24

02-24-2010, 09:41 PM

edit: double post

Last edited by rowan; 02-24-2010, 09:43 PM.
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#25

02-24-2010, 09:42 PM

It's probably worth thinking about an exit strategy too.

If you have too many sites that are half built and/or neglected then it may make sense to sell one or more. Someone with more time to dedicate to the site can probably make more $ than you can, which increases its value.

I realised this recently, I have a network of 23 small sites that run themselves, they're profitable but barely (maybe $250 net p/a for the whole network). They're probably more valuable sold as individual turnkey sites to others rather than staying as "quiet achievers" in my own portfolio.
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