Often times when I feel that I’m making slow progress, I have to take time to see where I came from to determine if I’m actually headed in the right direction.
One of the best ways for me to see if I’m headed in the right direction or if I should change my course is to look at my numbers. Numbers have a way of cutting to the chase.
Just like numbers, this requires no further intro…let’s cut to the chase:
August to August to August to August
|Income Source||August 2007||August 2008||August 2009||August 2010|
Modifications as Required
I periodically check my numbers to see if they’re telling me the story I want to hear. In my mind the only story I want my numbers to tell me is that I finally reached my first goal of earning $5,000 a month in residual income. As you can see from my numbers above, I only have one part of the story right. My August 2009 income was from residual sources only. Now, its time for me to get the other part of the story in line…increase the numbers three fold and more.
Slow and Steady
My numbers show a slow and steady progression. I probably could have earned more money quicker if I had spent more time learning SEO, researching hot topics and concentrating on putting up more articles. I have no regrets over my slow and steady pace. My modest earnings surpass those of my last part-time job (not to mention that I don’t have to spend money on gas or clothes to comply with the office dress code).
Stick with It
The only way to earn more money as a freelance writer is to stick with it. There will be ups and downs, but in the long run, I believe the ups win out over the downs. If I can earn $1,537.44 in residual income in one month, you can too. Stick with it. Think long term. Who knows what next August will bring?
Update: 1/26/11: I came across this post and decided to update it with my 2010 numbers. As you can see, I couldn’t resist a few easy Demand Studio articles. 😉