My plan to make 10,000 euros per month

Today I want to share with you my plan to earn 10,000 euros/month from passive income. 10,000 euros are the equivalent of circa 14,000 dollars and I think they are a nice and substantial amount of money to have. I want to achieve this level of finance to work more on my goals and in what I really enjoy. First of all, I want to clarify that I’m not going to achieve this goal by monetizing this blog. In fact, while I expect this site to become very popular in the future (that’s my goal), I wont consider any income generated here to be part of my financial plan. Blogging is just a genuine passion and I don’t want to ruin it.

So, let’s take a general overview of what I’m going to do. First of all, 10,000 euros per month is a large goal to be achieved, so I cut that into smaller goals. My plan looks like this:

- Earn 100 euros/month
- Earn 250 euros/month
- Earn 500 euros/month
- Earn 1000 euros/month
- Earn 2500 euros/month
- Earn 5000 euros/month
- Earn 10000 euros/month

The reason I’m starting with only 100 euros per month is simple. It seems reasonable for me to come up with one website (or many) that generates only 100 euros per month. If I earn 10 dollars per commission, I will only need to make a sale every three days to reach this goal. But if I start with 1000 euros per month, that would feel too overwhelming for me, and I would easily give up after a while if I don’t see results. Another reason for this approach is that once I reach a certain subgoals, I’ll know that I just need to scale what I did to reach the upper subgoal without feeling overwhelmed again.

I think that at this point, most of you will agree with what I said, but at the same time you’ll be wondering how actually I’ll make those moneys. That’s an interesting question and I’ve thought about it for the last couple of months. Basically I want a business that I can run with only 1-2 hours per day, that runs on autopilot and that it’s easily scalable. Ah, and I don’t have a lot of money to invest initially, so it must be pretty cheap to start. I did a lot of research on this subject, and what I came up with is that the best business that satisfy these requisites is internet marketing. I wont explain here what internet marketing is, but I’ll give you a nice resource later on this post.

Will it work?

I personally don’t know if it will work or not, but I sincerely don’t mind about it. If it will not work, I’m sure I will have learnt a lot of valuable things along the way, but if it will work instead, well, that will change a lot of things. This is definitely a win-win situation. I also want to point out that this, along with blogging here, is the major goal I have, and that I will work on it every day. I’m really determined about achieving it.

What about you?

If this post would end up here, you’ll probably would close this page thinking that this guy is only thinking for himself. In reality, the reason I posted this here is because I will publicize my progress on this blog, and I’ll share with you what’s working and what’s not. I really want to inspire others and create more wealth, if that’s possible. If you are not interest in this kind of things though, don’t worry, posts such as this are only a small proportion of what I’m coming up with. In fact, finance is only a minor part of personal development, and definitely not the most important.

I promised to give you a link to a resource about internet marketing. My friend Glen have just published a book about making money with blogging and mini sites. He’s already making a nice amount of money from internet marketing, and he’s genuinely interested in helping others. You can skip the blogging part if you want, and only read what’s interesting for you. Remember that what it takes to achieve a goal is to take action, don’t let your ideas and dreams to stay inside your head forever.

Posted on July 28 2009

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