Good Afternoon,
I’m a longtime Fastlane fan and reader but rarely post. I’ve always suffered from analysis paralysis or shiny object syndrome. My situation isn’t ideal for entrepreneurship as I have young children and work full time so free time is at a premium, additionally, I live in Alaska so shipping a physical product isn’t much of an option since shipping costs would destroy pricing and margin.
My venture will be into informational content website creation and here is how CENTS applies from my view.
Control - The product is articles I write and the lack of control would be from the mercy of SEO and Google
Entry - I would put the barrier to entry in the low to medium. There are tons of websites out there and easier to produce and you will be going up against companies that have teams of writers producing 1,000’s of articles a year.
Need- There will always be a need for information on the internet and there are useful tools on the internet to see what people are searching for.
Time- The initial time investment is grueling but the goal is eventually to be passive.
Scale- The scale will be slow growth initially but can take off exponentially.
With all that being said I know the hurdles and challenges ahead but with my lifestyle this is a venture that I can comfortably take on at this time. Also for me this is “doing something”, I have procrastinated for years without every doing anything so I feel I’m actually working towards something. I plan on updating every couple weeks or months with numbers. I fully expect this to be a slow grind and hopefully see growth within 1-2 years. I won’t be looking at monetizing with ads until substantial traffic is there.
Month 1
Website setup
Using Wordpress with a purchased theme
Built site structure and layout. Main pain, pages that will populate with posts with category criteria.
Write on my lunches, before bed and whenever I can get on the computer. I have been able to do 17 posts averaging 1,000 words.
Visitors: not sure just set up Google Analytics lol
I’m a longtime Fastlane fan and reader but rarely post. I’ve always suffered from analysis paralysis or shiny object syndrome. My situation isn’t ideal for entrepreneurship as I have young children and work full time so free time is at a premium, additionally, I live in Alaska so shipping a physical product isn’t much of an option since shipping costs would destroy pricing and margin.
My venture will be into informational content website creation and here is how CENTS applies from my view.
Control - The product is articles I write and the lack of control would be from the mercy of SEO and Google
Entry - I would put the barrier to entry in the low to medium. There are tons of websites out there and easier to produce and you will be going up against companies that have teams of writers producing 1,000’s of articles a year.
Need- There will always be a need for information on the internet and there are useful tools on the internet to see what people are searching for.
Time- The initial time investment is grueling but the goal is eventually to be passive.
Scale- The scale will be slow growth initially but can take off exponentially.
With all that being said I know the hurdles and challenges ahead but with my lifestyle this is a venture that I can comfortably take on at this time. Also for me this is “doing something”, I have procrastinated for years without every doing anything so I feel I’m actually working towards something. I plan on updating every couple weeks or months with numbers. I fully expect this to be a slow grind and hopefully see growth within 1-2 years. I won’t be looking at monetizing with ads until substantial traffic is there.
Month 1
Website setup
Using Wordpress with a purchased theme
Built site structure and layout. Main pain, pages that will populate with posts with category criteria.
Write on my lunches, before bed and whenever I can get on the computer. I have been able to do 17 posts averaging 1,000 words.
Visitors: not sure just set up Google Analytics lol
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