You do have a business plan, right? You do know this is a business, right.
Yes, I know, it’s lots of fun. Almost like playing a giant video game. The rewards are real tho. The checks, the auto deposits, the paypal balance; they will buy stuff. It is real money, so treat it as such.
Alright, enough about your lack of a business plan. How about this…what are your plans for your future?
Where do you want to be in ten years? What do you want to be doing? Where will the money come from then?
We all know that search engine spamming has changed a lot in the last year. More changes will no doubt be coming. So what makes you think that you’ll still be able to whack up a few hundred MFA’s, spam the shiiite out of them, and make money?
Right now is the time to make your plan for the day when you can’t replicate yesterday’s profits.
Here is my plan for the division of cash flow. Each check or cash receipt of any form gets divided up as follows:
- One third (33%) goes into a savings account for the payment of taxes.
- One third goes toward reducing debt. If debt is all gone the cash goes into investments for the future.
- The final third is for business. Hosting, new tools, external hard drives, domain names, etc.
Now, that third item is flexible. After reaching a certain level of profits, it is difficult to justify blowing a large portion of them on more hard drives and so on.
That’s my plan. You need to make your plan. Today.
~dink