Want to Escape the Office Cubicle With Passive Income? Easy Set a Goal

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When I first started my quest for passive income I was under no illusions that I would be able to put up the great cubicle escape blog and start making money from day one. I knew I had to create a single goal to strive for. On top of the single goal and the massive learning curve I knew I would have to follow a plan. I’m a fully qualified project manager in my day job and trust me when I say, I’ve seen the effects of just “free styling” it.

So Instead of just telling you that you need a goal and you need a plan, I thought I’d actually walk you through my personal passive income goal and my personal passive income “escape plan”. These are my thoughts so they might not work for you but I’m sure you’ll see the method.

In professional life I set goals like, make project budget, complete a project milestone and receive positive customer feedback. I then go away and generate a plan to get there, thus ensuring I keep my job. I’m sure you’re familiar with those types of goals. However historically, I never did any of this for myself. Sure, I had goals like get a new car or go on a holiday etc, but it was just implied and not written down let alone planned for. This approach was nothing more than day dreaming.

Recently I’ve noticed a funny thing about goals. Reaching a clearly defined, visually depicted goal has a much higher chance of success. It’s OK to say I want to go on a holiday, however I’ve found that if I print out a picture and words that say “I want to go on a skiing trip to Canada in 6 months time for 10 days staying at such and such hotel” it’s got a much better chance of happening. I believe this is for a few reasons:

  • It’s visible – Because I see it every day I think about what I can do every day to contribute to achieving the goal
  • It’s tangible – Because I know exactly what I’m aiming for I know how to measure whether I achieved it or not
  • It’s achievable – Because I had to research the specifics of the goal I know that it’s not impossible if it’s planned for

So I decided to get serious about my goal to generate passive income and came up with this goal:

Escape the office cubicle in 12 months by setting up and maintaining 5 passive income businesses each making over $500 per month.

(Yes this is deliberately ambitious especially considering I know nothing about passive income generation, whoops nobody told the ambition part of my brain that)

So this then is my single focus. The next obvious question is “how will I achieve my goal”? A plan is the answer. Now I know from experience that even a great plan is not perfect. Of course it is difficult to follow a plan when life gets in the way. However, the good news is that if you have a plan of sorts it’s easier to work out where you left the plan and get back on track, you can always adjust dates and the only shareholder you report to is you!

So here is my 10,000 feet plan for achieving my goal:

ACTIVITY – Setup and test first Passive Income Business

  • Understand Blogging and associated technologies
  • Grow a member base for Great Cubicle Escape
  • Build eBooks to give away for free through the Great Cubicle Escape as a test
  • Create a few information products to sell on Great Cubicle Escape
  • Continue to post articles

MILESTONE – Achieve 200 site visits 10 members by June 2010

MILESTONE – Achieve 1 sale through cubicle escape site by June 2010

ACTIVITY – Setup Second Passive Income Business in 30 days

  • Use skills learnt from Great Cubicle Escape blog to greatly accelerate setup time (domain selection, PPC, list building)
  • Use a PLR product to cut product development time
  • Experiment with squeeze pages, opt ins and associated technology
  • Grow customer list

MILESTONE – Second passive income business online by end of March 2010

MILESTONE – Achieve 1 sale by September 2010

ACTIVITY – Setup Third Passive Income Business in 30 days

  • Tweak skills learnt on second passive income business to greatly accelerate setup time (domain selection, PPC, list building)
  • Use a PLR product to cut product development time
  • Whip out squeeze pages, opt ins and associated technology fast
  • Grow customer list

MILESTONE – Third passive income business online by end of April 2010

MILESTONE – Achieve 1 sale by October 2010

ACTIVITY – Setup Fourth Passive Income Business in 30 days

  • Tweak skills learnt on second passive income business to greatly accelerate setup time (domain selection, PPC, list building)
  • Use a PLR product to cut product development time
  • Whip out squeeze pages, opt ins and associated technology
  • Grow customer list

MILESTONE – Fourth passive income business online by end of May 2010

MILESTONE – Achieve 1 sale by November 2010

ACTIVITY – Setup a T-Shirt Business in 30 days

  • Start up T-Shirt Business
  • Setup website ecommerce and first round of product designs
  • Intensive marketing of T-Shirt business through various mediums

MILESTONE – Fifth passive income business online by end of June 2010

MILESTONE – Achieve 10 T-Shirt sales by December 2010

Each of these activities has their own little sub plans but I won’t bore you on those.

I know what you’re probably thinking, this is all very ambitious however, I figure if I even come to making a $1 dollar online I’ll be encouraged to keep going. I also believe that if goals are set high it’s perfectly OK to fall short. I used to get down on myself about not achieving 100% of my goals however that’s a rubbish way of thinking.

So set your goal, create your plan and get cracking


write by Elmer

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