Reevaluating My Goals for Income and Lifestyle

Jun 15th, 2010 | By Loretta | Category: Articles & Other Information, NAMS

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I sat down with my pen and paper to reevaluate my goals in an effort to get ready for NAMS (Niche Affiliate Marketing Systems) Workshop that I’ll be attending in August. I want to have a better idea of my goals and what I want to get out of the workshop this summer. Last summer I went to NAMS with a very broad idea of what I wanted to do – read that as I really had no idea.

Now, that’s not to say that I didn’t get anything out of the workshop, because I truly got so much from it and it directly helped me to focus and grow my business online. Ultimately, it led me to have a better set of goals for both my income and the lifestyle that I want overall. It’s not all about money after all.

So, first I took a look at the thing I was able to accomplish after NAMS last summer. I contribute a portion of my success in these things directly to attending NAMS and also to being part of Lynn Terry’s Mastermind Group. Without those two things I would never have made the amazing people connections that I made in the past year and I would still be stuck inside my own head wondering what to do next.

  • I was able to create a free viral report for my cross stitch site and that has received great feedback. <- I actually did this at NAMS during a session led by Lynn Terry and Jeff Herring. It was an ah-ha moment for sure.
  • I cut back on my domain name addiction and got rid of anything that didn’t have content on it or that was distracting me from things that were more important.
  • I was able to make connections with awesome people!
  • I was able to create my own info product confidently and launch it out to the virtual world. That too has received great feedback so far.
  • I was able to increase my income by double in the past year due to the things I learned and the connections I’ve made.
  • I was able to blog more freely, confidently, and without being stuck on what to write about.
  • I saw how adding affiliate marketing to my plan would allow for passive income and multiple income streams and relieve a huge weight of stress.

Okay, so I’m basically brainstorming out loud here at this point, but here are the goals I have listed for this summer so far.

  • Increase income with specific financial goals by the end of the summer and the end of the year.
  • Add one affiliate review style website to my website collection. (I actually want to have this started before I get to NAMS in August)
  • Build links and rank in the top five results for at least three main keywords for that affiliate review style website.
  • Add two more info products to my portfolio by the end of the year. (Have one partially done already)
  • Grow my transcription business and incorporate a team of backup transcriptionists. (Already in progress)
  • Outsource a little more than I already am so that I can focus on product creation and transcription clients.
  • Build links, build links, build links. (I’m currently working my way through the 5,000 Backlinks product and testing out some other strategies as well as looking at outsourcing this piece of my business to free up some more time.)

So, this general plan of action gives me three income streams as far as I can see. One, direct service based income trading time for money in my transcription service offerings. Two, affiliate income from the affiliate review style product website. Three, direct income from the sales made of the info products I create. Number three is most interesting because that is income from sales made directly by me and by the affiliates of the product, so the growth potential is huge.

Now, I just need to figure out my direct plan of action for each thing on my list and start incorporating and implementing appropriate strategies to reach those goals. I’m thinking there will be quite a bit of outsourcing involved and that’s okay with me, I love paying other people to do things and helping them increase their income too! Outsourcing is always win-win in my book.

Okay, now that I have rambled on about my goals and ideas I would really like to hear from you. What are your current goals and is there anything you are struggling with?

Kind Regards,
Loretta

P.S. If you are interested in attending the August NAMS Workshop I heard that there are about 20 seats left (probably less this morning) so now is a great time to grab a ticket. I look forward to meeting you and having lunch or dinner with you during the weekend!

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About The Author

Loretta
Loretta Oliver has been working from home for the past 9 years and enjoys blogging and is striving to meet her 2010 goal of becoming a super affiliate. You can find great things from Loretta at http://www.lorettaoliver.com

6 comments
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  1. Great update Loretta!

    I look forward to meeting you at NAMS in August :)
    Kelly´s last blog ..Hang Out With Cool Marketing Women in July: London, ON My ComLuv Profile

  2. Thanks, Kelly! I’m excited to meet you and hang out come August! :)

  3. Definitely a great update! I love the way you have such a handle on all the things you learned and the action you took because of those things. I feel way more scattered than that. And I really love that you’ve laid out an action plan for your immediate future. That is awesome. Awesome and concrete.

    I’m feeling very scattered lately and sometimes I get bogged down with the juggling of life and ‘trading time for money’ and don’t find time (make time) to fit in building my own business or my husband’s online reach for his business. Getting focused, weeding out the un-necessaries – is a big goal for me!!! I’m really feeling like where I want to be most is in affiliate marketing. Now to make that happen….
    Lisa Marie Mary´s last blog ..What’s So Groovy About Dallas, Texas? My ComLuv Profile

  4. Lisa, we are going to unscatter you before we get to that first session in August! Even if we have to stay up late the night before the workshop starts and brainstorm in our hotel room. (Lisa is my roomie! YAY)

  5. [...] This post was mentioned on Twitter by Loretta Oliver, Anita Hampl. Anita Hampl said: From @retta719 "I cut back on my domain name addiction." http://easywahmwebsites.com/1433/ [...]

  6. Sounds good to me!! ;)

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