So it’s the end of the 1st quarter of my challenge and boy have I learned a lot already.

By the way sorry for the lack of updates, still trying to balance it all, but I’ve definitely been working away in the background.

OK… No I’m not rich yet, but as I’ve mentioned, I’ve learned alot by testing and tracking and applying the different aspects and skills I’ve learned.

Some key things I’ve learnedare…

1. Success takes Time

As you know, I’ve already put up my 1st niche site to sell later on this year. By doing this, I have created a schedule of things to accomplish, tasks to complete and many action steps.

From all this work, I’ve learned something very interesting… Everything works.

Video marketing, article marketing, social bookmarking, blog commenting, social communities etc all work and work very well indeed when you’ve done the proper niche research etc. But here’s the thing, you have to do them in a huge volume and many of these tasks are pretty time consuming.

Not only are they time consuming, but they take time to provide the results you’re looking for. So yes they work, but success takes time.

2. Outsource: Get A Good Team Together

Due to the fact that this one project took up so much time I’ve been looking into tons of directions to get some good outsourcing done for my internet marketing.

From Oliver the Outsource King, to Traffic Sage, etc, I’ve been comparing the value all of them provide and how I can leverage them all to take care of these time consuming, yet valuable tasks.

I’m realising more and more that in order to create the success that I desire by the end of the year I have to spend the money to leverage as much talent as possible.

Which leads me to point number C lol…

3. Am I Being Realistic?

I was watching an episode of My Story Marketing with the great Jimmy Davis and Howie Schwartz and Howie brought up something that triggered this question in my head. Howie basically said that there are a lot of people who have the goals of creating say $10,000 a month from internet marketing, but they go about say, setting up a bunch of adsense sites or selling $27 ebooks as an affiliate not realizing how many damn clicks and ebooks they would have to sell to make that $10,000 goal.

Ding ding ding… You need to have a heck of a lot of volume or focus on higher end products.

So again more soul searching… this whole Internet marketing deal can have your head spinning. The funny part is I’ve been consulting with a lot of friends on creating an online income and it’s because of all these different options why I don’t introduce them to a ton of forums and sites to get information. Information overload!!!

Other than my head spinning in all sorts of directions, I’m happy to know the detailed plan I’ve laid out for setting up my niche sites is working and is generating some positive (although minimal) income.

For now I’ll continue to work on the model while I figure out the direction for the rest of the year.

Site flipping? Authority Website? Membership Site? … decisions decisions.

The quest for greatness continues though, thanks for tuning in.

- TRENDS