Gary has started another ‘challenge blog’ where he’s recording his journey to a Six Figure Income in 12 months (he’s inviting others to join him). It’s a similar concept to Nadav’s 12 weeks $100 a day challenge (a challenge that it looks like most of those who’ve joined up will probably not meet looking over the blogs who have joined).
It is an interesting challenge and one I have mixed feelings about. On the upside it is an amazing goal and one that is sure to motivate people.
On the downside, as someone who has been working on building a way of earning an income online for 20 months now (virtually full time for the past 6 months) – I wonder if the goal might be a little too high.
I’m a big believer in setting goals, and setting them high as a motivator, however I also think goals should be realistic – if they are not you run the risk of falling off the wagon after a few months. $100,000 over 12 months means $273 per day or $8333 per month. Whilst this sort of figure is reachable (probably in a year) one must keep in mind that for a total of $100,000 those are the figures that need to be reached every day/month – event the first one. Every day that $273 is not reached is a day you have to earn over that amount later to make up for it.
I don’t want to dampen Gary’s spirits and applaud his vision – just wonder if the figure might be a little too high if he’s starting from scratch.
Looking back over my own earning figures I see that it took me around 10 months to achieve the $100 per day mark on a regular basis and this was after putting ads on a blog that had already been going for a year.
I’m sure if I were starting all over again I could do it a little faster – but I’m not so sure I’d be on track for a six figure year in my first one.
Update: It seems that the link above has died in the past few hours. Not sure why.
Agreed. Having a goal of 300$/day within a year is much, much better than earning 100K in the first year.
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interesting…just better to make the target on a monthly basis….
i think the link is down
Having realistic goals goes a long way. Many people who set goals that are way too high get disapointed when they do not even come close their goal and are likely to quit before they attain success.
I usually try to set my goals on a monthly basis. Particularly in having my monthly income grow from one month to the next.