What does success look like?

[StephenT]

okay, going another direction. If I wanted to get to making $50K/yr. what would I plan toward for visitors /day? It doesn't matter how many sites, what I'm looking at is if you wanted to make that amount, what would your target be for visitors to make the conversion rate equal the income you wanted?

[Lynn Terry]

Again, there is no right answer here.

It's more about your conversion rate, and your offer.

But if someone twisted my arm and forced an answer out of me, it would be somewhere between 5,000 and 10,000 unique visitors per month. Although I was making that with a lot less.

The truth is, you don't even have to have visitors to make sales. But that's a whole 'nother thread...

[TomM]

Okay let me take a shot at this. Lets say you are selling a product in which your net income(after all expenses) is $25. If you want to make $50k per year you would need to make an average of $137/day ($50,000/365). That means you have to sell 5.5 products per day($137/$25) in order to meet your financial goals. If your conversion rate is .5% (that equals .005) then you would need 1100 visitors to your website per day. (5.5/.005). Obviously, if you are selling multiple products or more expensive products or continuity programs etc, this example is not valid. But I hope it helps you understand how to calculate your goals. I think breaking things down to daily numbers is easier to digest.

[Lynn Terry]

Thank you Tom

Well put!

[StephenT]

That is exactly what I was getting at. Trying to figure out, "on average" if your income target is X What sort of traffic do you need to shoot for. I realize that there are tons of variables. I'm just trying to boil it down so that I know what it is I have to do, what my goals need to be.

[Lynn Terry]

Also see: http://www.clicknewz.com/260/niche-potential/

This is my method of "guesstimating" niche potential.

[StephenT]

Thanks Lynn, That's just what I needed. That gives me some sort of base idea to work from!