How CFM Plans to Make $30,000 of Online Money in 2012

The following post was written by CFM at Cash Flow Mantra and Grand Per Month.

Initially when I heard about the $30K Challenge for 2012, I thought it was a great idea but not necessarily for me.  I had just really started to earn some online money with my blog in the last few months and had barely cracked the $1000 barrier.  I thought that $30,000 in one year might be a major if not impossible stretch, since Derek so aptly pointed out that $30,000 worked out to $2500 per month.  I felt lucky to get to $1000, so how could I possibly expect to average $2500 for an entire year?!

But then I decided that if I didn’t stretch myself and push for what seemed like an impossible goal, then who would?  I have lived my whole life setting difficult goals and have achieved some and missed others.  I might as well do this one too.

After sitting down and running some numbers based upon some of the growth in earnings that I had seen at other blogs, I began to realize that at least there might be some realistic possibility that this goal could be achieved.  It would take a lot of work and a lot of luck.  The stars would have to align perfectly, but at least it was doable.

To achieve the goal of making $30,000 of online money in 2012, I am assuming that I will make $1100 in January with my blog, Cash Flow Mantra, and that figure will increase $100 each and every month during the year.  I take solace in the fact that Derek from Life and My Finances was able to earn $1500 in October and $1400 in November and that Darwin from Darwin’s Money is earning almost $2000 with his blog.  I will need to get a lot more traffic to achieve that goal so that will be a major focus in 2012.

I also made the assumption that my new blog, Grand Per Month, would be able to start earning within 3 months of launch.  I figured that $200 in the month of April would be a good start.  Again, this target is based upon reality since Cash Flow Mantra (CFM) was able to earn $180 in its fourth full month.  I should at least have a better sense of what I am doing with the new blog.  Plus, it seems like there might be more interest in the topic so I think that the blog will see a decent amount of traffic and will surpass CFM.

I then anticipate a similar growth rate as CFM with earnings of $400 in the fifth month, $800 in the sixth, $1100 in the seventh and then $100 additional each month through the end of the year.  I plan on using the two blogs to help direct traffic to one another as well so that there is some synergy.

I would anticipate that increased traffic, especially from search engines will have a positive impact upon AdSense earnings.  I didn’t earn a lot in November will be at about $30 for the month of December.  I figure that starting at $25 in January and increasing that amount by $5 each month is an achievable goal and would add up to $630 for the year.  AdSense is clearly not the major source of income, but helpful nonetheless.

I also make a little bit of monthly income at HubPages with over 200 articles that I have at that site.  It adds a little via AdSense, but also through its Ad Program and Amazon affiliate income.  I think that there are some changes that will occur with Amazon in the New Year, but might be able to make $50 for the year.  The HubPages Ad Program tends to be based upon views and traffic so I am hoping to make $20 in January and increase that amount by $5 per month throughout the year leading to $570 total.

My main goal with HubPages is to use the venue for increase traffic to the two blogs.  Any additional income is simply gravy.  My biggest problem as a writer online has been traffic.  I am really not any good at generating it.  I am hoping to learn some tips and improve this aspect of my blogging in the upcoming year.  I think it will be necessary in order to meet these goals.  I have tried a few guest posts in the past which really didn’t seem to do much.  I plan on reading up on the topic and doing a few experiments to see what works and what doesn’t.  I will be holding a give-away during January and will see what impact that has and whether it is long lasting.

I have thought about starting a third blog, but really didn’t want to do that until mid-year at the earliest.  I am not sure that it would have a major impact on this Challenge but at times wonder whether it might be necessary sooner to achieve these goals.  I will just have to see how January goes and constantly assess and reassess what is working and what isn’t.  At least I have some targets to meet throughout the year to make sure I stay on pace.

I wish all of my fellow $30K Challengers the best of luck during this next year and will be working to help them in any way I can.  I think the group is top-notch, and I think that is the biggest advantage I will have.

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13 Responses to How CFM Plans to Make $30,000 of Online Money in 2012

  1. That sounds like a great and detailed plan, and I really like the idea of the “Grand per Month” site. Kudos to you for coming up with the idea!

  2. Melissa says:

    I love your thoughts on achieving difficult goals. I agree 100%. Even if you don’t completely achieve a difficult goal, you will be much closer to it than if you had not set such a goal.

    Cash Flow Mantra has a nice following and Grand Per Month has launched with a bang, so it will be fun to watch your success this year!

  3. Niki says:

    Nice plan.

    I was thinking about starting another blog later in the year too, but like you said I think I need to start it sooner in order to start to be able to make an income.

    Best of luck you also.

  4. You have a great plan in place. I am looking forward to watching you achieve your goals! I am also hoping to learn a lot along the way too. :)

  5. Corey says:

    You will do great! Grand Per Month seems very promising! It’s very catchy too.

  6. Derek says:

    Sounds like a pretty solid plan CFM! I can’t wait to see your success with your new site.

  7. Sounds like a great plan. I have heard of some who have had success with Hub pages. I hope it works out for you.

  8. Another new site! Don’t get burnt out!

  9. Aaron Hung says:

    Good luck on the new site CFM 😀

  10. Matt says:

    That’s a great idea, using something like HubPages to direct traffic to your blogs. I used to write for Associated Content (now called Yahoo Contributor Network). I should go in there and write something about blogging to attempt to drive some traffic to my sites. Thanks for the idea.

  11. Thanks for the encouraging words, everyone. Robert brings up a good point. Burn out is a concern of mine. I have been there before and will have to be cognizant of this. For me, the worst time is now when it is dark when waking up and dark when heading home.

    • Great plan CFM! I completely agree, right now when there is less daylight hours is tough… I can’t wait till days start feeling longer again and we see more light :) Here’s to a great 2012 and days getting longer soon!

  12. Savvy Scot says:

    Best of luck with this. Will be watching your progress :)