Stepping towards $1,000,000

Jon over at Smart Money Daily has a plan – it’s a plan to make $1,000,000 gross income in a year from his online projects.

Ok – you might think Jon’s thinking a little too big – and maybe he is – but the think I like about his plan is that it starts with:

$50 a day gross revenue average over a one month period

I’ve seen a lot of plans to make money online and they generally start with the grand goal of the $1,000,000 figure and fail to actually name any intermediate goals. Big goals are great – but some manageable starting points are often the keys to getting to them.

Jon’s plan is based upon the quality book by the name of E-Myth Revisited (affiliate link) which I’d highly recommend a read of (and which you can get a CD of also). Many of you will be familiar with the E-Myth so I won’t regurgitate it all here – other than to say that I’ve found it helpful in thinking about how to transition my blogging from a job to a business.

By no means am I there yet – the challenge still lies ahead of achieving the theory laid out in E-Myth – but at least I’m moving towards that goal and learning a lot in the process.

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Darren Rowse is the founder of ProBlogger.net, a blog about the many ways of adding an income stream to blogs.

Darren owns and writes a variety of blogs including Digital Photography Blog and Camera Phone
Zone. He is also a co-founder of the Breaking News Blog Collective.