Well after a gruelling Physics exam this morning, I’m over-the-moon to say that I’m officially on Summer Holidays. Yay! This time I’ve got over 2 and a half months to really focus on my entrepreneurial dreams and to start building my internet empire.
I think the best idea now, is to make a plan of what I would like to achieve. For me planning is essential, as it helps organize my thoughts and concentrate me in one direction only instead of splitting my thoughts and attention.
Opening a forum has always appealed to me in terms of ease and monetising. I was talking to a few people this week who have built up a forum portfolio. One of the main reasons for their success they said, was the fact that forums have user-generated content. This is of course very valuable for SEO, as search engines love fresh content. Also forums tend to get a lot of pageviews, as people regularly arrive to check whether there are new posts or replies. As a result CPM advertising (cost per 1000 impressions of the ad) will result in a higher revenue.
As a result of these facts, I was inspired to buy a domain name for future forum development. GolfChum.com I think will become the number 1 golf forum, and I also have an idea to turn it into a Wiki…another money making method which I will be exploring in a future article.
I hope to make the most out of this long period of free time, and who knows, by the time I go back to school, I may have made a small fortune from my hard work!
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3 responses so far ↓
1 Andreas Bard // Jun 27, 2006 at 10:42 am
Nice with some time off from school so you can focus fully on your business for a couple of months.
Forum business is great but kind of hard, but when you have a couple of 1000 members and alot of posts, you have a great resource to work with.
Adnan, good luck with this project and you know that you can contact me any time for help, I will gladly help you.
//Andreas
2 Dan Marques // Jun 27, 2006 at 5:25 pm
Two months is both a long time and also very short to get your venture to a cashflow positive point. Move as fast as you possible can. Set daily and weekly goals and have someone else hold you accountable for them.
Summer is the best time to make things happen for college entrepreneurs like us, but there are also a lot of available distractions. Shoot me an email if you want to chat/brainstorm/whatever.
Keep us all updated on your progress.
3 adnan // Jun 27, 2006 at 8:20 pm
Thanks Andreas, you have already been a great help to me, I hope that we can continue to share our knowledge!
Dan, I am in the process of writing out goals. I thought of only writing in terms of what I want to do each month, but I think setting out per week can be a better way of organization. I’ll definitely be contacting you, so thanks very much for the offer!
And I will be keeping everyone here updated with my progress!
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