Whenever I read articles or books on setting goals, many of them recommend writing your goals down on paper. Why is that? Are your goals more concrete or real? Is the result attainable? I want to share with you my progress on one of my goals I set back in March. There seems to be some power of writing goals down on paper…
My Directive Affirmation
In March, I read the book, With Winning in Mind. One thing With Winning in Mind talks about is writing a Directive Affirmation. A Directive Affirmation has the following elements: definition of the goal, a time limit, a pay-value for goal, and an outline of the plan for the goal. For the blog, I wrote a Directive Affirmation:
- Define the goal: I am a blogger making $1,000 in passive income per month
- Set a time limit: July 1st, 2017
- List the pay-value: I am adding value to my readers and build wealth passively.
- Outline a plan to achieve the goal: Write an e-book and produce other free content for our readers. I will explore various affiliate programs to increase potential revenue. I will continue to comment and work on SEO to grow traffic. Every two weeks, I will meet with my partners to determine what has worked and what hasn’t worked to strategically move forward.
7/1/2017. I am a blogger making $1,000 a month in passive income. I wake up each day eager to provide value to my readers and have built a broad reader base. I wrote an e-book and have produced other free content for our readers. I have various affiliate programs which increases potential revenue. I comment and work on SEO daily to grow traffic. I am a blogger making $1,000 a month in passive income.
I’ve written this on a few index cards and scattered them around my house. Whenever I come across them, I will do as With Winning in Mind instructs – I read and reflected on it. This will kept me focused on my goal.
Looking at my Directive Affirmation, I did accomplish some things, and didn’t accomplish others. I didn’t write an e-book, but I did produce a few freebies for you, my readers. I do have various affiliate programs in place, but have only made about $50 from these links. Commenting and SEO is a daily effort. Essentially, I did most of what I set out to do, but I was a little short on passive income…. or was I?
My Income (Not Quite Passive)
When I set this goal, I already was (and still am) making passive income from my roommates paying me rent. I receive $1300 a month in rent. When I set the goal, I was not going to count my rental income, since this is unrelated to any income received from my blog or online. Plus, it’s kind of cheating to set a goal for something you are already doing!
Outside of my 9 to 5 job, rental income, and statistical consulting income, I’ve been able to create some new income with Jake in our business partnership. As I’ve touched on in recent posts (Starting a Subscription Box Business and You’re Right Where You’re Supposed to Be), we have been setting up two income streams: a kombucha tea subscription kit business, and an upload ready t-shirt design business. For the first month in a half, we have been able to bring in a couple thousand dollars and this is promising towards my goal.
For HOWLinfuse, Jake and I have been taking orders on our website but also set up a Kickstarter to sell subscription kits. We were able to raise $2550 through the Kickstarter, and have received $905 through the website in orders.
This has not been passive at all, but it’s fun getting an email saying, “So and so subscribed to your box and has paid you $139.99!”
For ShirtSpice, we have made nearly $500 through direct selling. This is not quite ready to be passive or scale as we are still fine tuning the website, designs, and strategy.
Did I Succeed or Not?
Well, technically I didn’t succeed. The Mastermind Within hasn’t made over $40 in a single month, and we are still in the red for the 6 month period. That being said, Jake and I have been able to bring in close to $4,000 in revenue in the first month and a half… so split in two and adjusted to a month’s time, that means I’m making an extra $1,300 in income a month…. But when you take out all the expenses, it’s more like a few hundred bucks a month (we are still getting our finances in place).
Did I succeed or not? I’m a blogger and I increased my income to 1,000 a month… What’s interesting is I didn’t succeed through this blog. Again, The Mastermind Within has not made more than $40 in a single month. What impresses me is how a change in my mindset, generate an extra $1,000, lead me to an opportunity and now I’m doing just that!
In the next few months, it’s going to be fun to see if these businesses can scale. We are getting into a commercial kitchen next week, and will be sending out the first kombucha kits at the end of July. We are also creating niches for various t-shirt designs and are going to look to market both businesses through Facebook ads.
It’s been a pretty wild two months. Writing down your goals has a lot of power, and while you might not reach the goal you write down, you’ll be successful in some manner.
Since May 2nd, I’ve learned so much about small business, about website design, and about how to go from nothing to something. I’m very excited to keep it going in July – I’m hitting my stride in terms of time management and doing very well in my work, side hustles, and personal time. Some might think I’m doing a little too much, but I feel I’m right where I’m supposed to be 🙂
Do you write your goals down on paper? What are you working towards these days? You be the judge, did I succeed or not?