Ok, so it sounds like a wild dream, especially when it is only my second post on the forum. Regardless, here begins my journey to creating $100k in value by 12 June 2020.
How?
Through building / acquiring a small group of income producing websites. I currently have one new website ($30 per month revenue at present) and have just purchased a second website. I expect to take delivery later this week. Overall, between the purchase prices of the websites and my retained earnings, my portfolio is currently sitting at $1400. That means I need to grow it to have a value of $101,400 by 12 June 2020.
The rules:
I am leaving it open to change, but my preference is quality content websites, with a high percentage of organic traffic, that are monetised by Amazon Affiliates and perhaps Google Adsense.
Time to start grafting...
How?
Through building / acquiring a small group of income producing websites. I currently have one new website ($30 per month revenue at present) and have just purchased a second website. I expect to take delivery later this week. Overall, between the purchase prices of the websites and my retained earnings, my portfolio is currently sitting at $1400. That means I need to grow it to have a value of $101,400 by 12 June 2020.
The rules:
- No more cash injection
- Using income earned to purchase additional websites is allowed
- On 12 June, websites will be valued at 30X their earnings over the last 30 days. Assuming the websites are of sufficient quality and have longevity, this is a good (but conservative) estimate
I am leaving it open to change, but my preference is quality content websites, with a high percentage of organic traffic, that are monetised by Amazon Affiliates and perhaps Google Adsense.
Time to start grafting...
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