I recently set a goal of creating a new passive income source earning $300 per month by September 30th, 2012. I’ve been considering – or perhaps dithering on – which steps to take next.
Over the July 4th weekend I decided to focus on my squash site first. I’ll create a “passive value” resource there – articles for people looking for information about squash – and build up traffic. Once I get the traffic to a respectable level, I’ll figure out some ways to turn this into passive income.
This seems like a good approach because it builds on the success I’ve had already with my BrickBreaker site. That little test site has been bringing in around $30 per month in advertising revenue. My goal with the squash site is then to just do roughly that same thing, but 10 times bigger.
I’ll be writing about my progress on this blog, if you’d like to follow along.
I might not create that many cartoons while I’m building up the squash site.