End of $500 Dollars Challenge

Today is the end of my $500 challenge and i regret to say that i actually failed to meet my target. I failed miserably. Through this challenge, it makes me realised important values that i am lacking and on the other hand, i learnt my mistakes as well.

So why did i failed to meet my target? One fatal mistake is ” LAZY!” As mentioned, my plan to make that $500 is to make 10 niche sites, selling each for $50. And up to now, i only done 2 niche sites. Why is that so? Because i had been telling myself, “Hey relax, theres still tomorrow, i will do the others tomorrow, will rest and slack for today!” And due to this, i only spent around 2 days instead of the whole month to do the sites. I am disappointed in myself. Have been thinking, if i am consistent, am i able to meet that target? I still remember a very “nice” advice given by one of my lecturer, mr eng. He told us about the 2.4km run thing. What he trying to protray to us is never do last minute work and tell us to always be consistent in our work.

Another thing i learnt is the competition in the industry. I guess i seriously need to improve my skills. I am lagging damn behind. Apart from listing my niches sites for auction, i had been observing other niche sites as well and while observing, i felt so depressed. There are far lot of niches site that are FAR better then what i had created and are selling at lower price. This is another very important thing that is lacking in me. I lack the skills in web developing and designing. Looking at those sites allows me see the “light”. I sucks in web designing and development. This is quite a setback for me, as i have always been thinking that developing websites is my ”strongest weapon” that i had. This make me realised that if i did not put in the effort to improve my skills, i will not be able to survive in this industry sooner or later. Competition is stiff and your competitors never wait for you. This is what i realised.

Things had been going smoothly for me in the past 2 years and i think that this make me “slack” and makes me NOT to realise that importance of upgrading oneself. You maybe good at this point of time, but as times goes on, things may change. You may find yourself lagging behind people that you once surpassed. While you have been thinking in your sweet dreams, ” i am good, i can train lesser, my competitors wont be able to surpass me”?, your competitors had been training consistently and finally there will be a day where they totally surpassed you.

Although i failed in this challenge, i am not going to stop here. I will be picking myself up, improve things i lack, and then, when i feels its time again, i will challenge myself again..

Below is how much i earn : $50 for one niche site, and $60 for another.

So in total, i only earn $105.66/$500.00 and this is an utterly defeat for me.

As promised, congratuations to Mr Hong Beng Hwee and Mr Mike J. Pruett for being the winner of the domain name lucky draw. Had sent an email to you regarding how you will be receiving the domain.

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Plans for the $500 challenge

Today its friday again, as usual, i have to walk 10 minutes to the nearest bus stop, take the “god damn” bus to tampines, and from tampines take mrt to tanah merah interchange and from tanal merah interchange, take mrt again to expo, and finally i reached my workplace. Well, today i had a bad flu and i was “damn” tired during my working hours. How i wish my industrial attachment will end earlier… Enough about myself, back to the main point of this post.

My strategy for to earn the $500 is to sell niche sites as mentioned earlier in the previous post. I have decided to sell 10 typical niche sites at $50 each, so by the time i sell the 10th site, i would have already achieved my goal. To be exact, i would have to sell at least 12 sites, because of the expenses incurred, like the domain name etc.

Well, after calculations, i have 27 days to achieved my goal, so using simple maths, ($500/27 = $18.51 per day), i would have to earn $18.51 per day. This may seems challenging to me as due to my industrial attachment, i only have time to do the niche website at night when i was “DAMN” tired. But however, i will try my very best.

For those who are still interested in having a chance to win a free .com domain name, hurry up now! I will be closing the name list tomorrow!

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The $500 Dollars Challenge

Life is all about challenges and without challenges, life seems to be dull. As Chinese New Year is just around next month ( 7th february 2008), i have decided to make a challenge to myself. And this challenge will be to make $500 dollars online by next month 7th february. 500 dollars may seems to be nothing compared to the “popular 15k challenge in one month”, but however, it may be a nice start for me and this blog.

I will be doing anything just to make that 500 dollars online and what i plan to do is to create and sell  niche websites. I will be officially starting this challenge on this Saturday, 12th January 2008 and the challenge will end at 7th February 2008. Further on that, i will be posting my reviews (with screen shots) everyday.

And also, I will be giving out a free .com domain on the day this challenge ended. So, in order to get your name on the list, just reply a comment in this post, stating “I am In !” . Basically i will be drawing out this “lucky” winner using a random script.

Wish me good luck in the challenge and stay tuned!

PS: Please include your real name and email address when replying to this post. Winner will be contact via the email address that they typed in.

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