One Penny Project - Make Money Research, Testing and Reporting

Tuesday, July 17, 2007

Get Ready For The 30 Day Challenge

In a little over 2 weeks the 30 Day Challenge begins. This will be my 3rd year going through the process.

If you are new to making money online the Thirty Day Challenge is the way to learn. This year we are supposed to be able to make our first $1 without any financial investment.

My guess is that we will be creating a free blog or a Squidoo lens. This is just a guess.

Even though I have already made my first $1 online I like to do the challenge. It is a great way to pick up great tips and the format is very goal oriented.

If you are going to participate in the 30 day challenge plan to set aside a little time every day. A high percentage of people start every year, then give up before the 30 days is over. Plan your time now and don't give up!

Here is my pre challenge plan.

From now until August 1st I am going to jot down ideas. For example the new Olympus digital camera we got the other day is an underwater camera. So I might jot down "underwater photography" in my notebook.

At this point I am just collecting ideas, not researching markets. Start with things you are passionate about.

If you need some websites to get ideas, check out:

Alexa

Yahoo Buzz

Lycos Top 50

Magazines

There are plenty of sites on the internet that can give you ideas. Your local bookstore is also a good place to find ideas.

When the challenge starts on August 1st I will have about 2 pages of ideas. Now to plan my time for the challenge.

This is how I plan on spending my time during the challenge. You may need more or less, this is just my plan.

Mondays, Wednesdays & Fridays I am going to work 10 minutes in the morning, 20 minutes at lunch time and 30 minutes in the evening. Tuesdays & Thursdays I am going to work 30 minutes in the morning and 30 minutes at lunch. On Saturday I will work 2 hours (1 for Saturday and 1 for Sunday), most likely in the early morning or late evening. This will give me a grand total of 30 hours devoted to the project.

As you can tell this is a very aggressive schedule. I was thinking about 2 hours a day, but decided to force myself to focus and fit it all in within an hour per day.

Want to know how to get your visitors to come back more often? Tomorrow I will reveal a technique to increase return visitors.

Michael