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Blogging Project - Coggle Diagram

- - - - What do I want to accomplish?
        
        I want to create my blog that generates $5000/month
      - Why is this goal important?
        
        I want to create a steady high income to live my dream of travelling the world and making money online.
        
        I also want to support my family financially, make them financially free.
        
        I want to fund my education online
        
        I would like to create multiple sources of income
      - Who is involved?
        
        At the beggining, I am the only person who can start and manage it for 3 years at least. Then If I grow it properly, I can start hiring freelancers to manage the content for me and automate some of the processes
      - Where is it located?
        
        My blog will be written in English to reach the global audience. I do not aim at specific country rather at the interested audience
    - - How much?
        
        Average length of stay
        
        4 min
        
        Conversion rate
        
        12%
        
        Bounce Rate
        
        30%
      - How many?
        
        Total visits
        
        100 000/month
        
        New subscribers
        
        1200/week
        
        Average pages/session
        
        2 pages/session
        
        Comments
        
        12/article
        
        Inbound links
        
        As many high quality links as possible
      - How will I know it is accomplished
        
        It is accomplished when I make $5000 on my website from ads and affiliate marketing
    - - How can I accomplish this goal?
        
        Start your own blog about personal development
        
        Take every course about blogging and apply the skills immediately on your website
        
        Learn all the stuff about digital marketing and apply it immediately on your website
        
        Post content daily and grow it without expectations within 6 months
        
        Within 1 year start earning first $100 through ads and affiliate marketing
        
        1 more item...
      - How realistic is this goal, based on other constraints, such as financial factors?
        
        What are the limitations and constraints?
        
        Financial investment
        
        Domain and web hosting
        
        $110/year with BlueHost
        
        Themes
        
        $60-90$ as one payment with Divi
        
        Free with Astra
        
        $49 with Elementor
        
        Email Marketing service
        
        ConvertKit
        
        $41/month
        
        Social media tools
        
        Socialwarfare
        
        $89 as one payment
        
        Tailwind
        
        $120/year
        
        Investment in blogging courses
        
        $500+
        
        In the timeframe
        
        1-3 months
        
        $356
        
        3+months
        
        $200
        
        Content creation
        
        Start doing it on your own (it is free), then hire freelancers. Prices for freelancers vary from $10-$50 per 1000 words article
        
        Backlinks
        
        $50-$350 per backlink
        
        Equipment
        
        Most of it you already own, maybe in the future I could consider to invest in bettter tools
        
        WordPress plugins: $217
        
        Yoast SEO: $89/year
        
        WP forms: $79/year
        
        WP Rocket: $49
        
        Security
        
        $99/year with Wordfence
        
        Blogger Extra tools
        
        MonsterInsights: $99.5/year
        
        Wordable: $190/year
        
        Advertising costs
        
        Spend $100 on the site where your readers spend the most time on
        
        Free
        
        Develop a Content Ecosystem
        
        Optimize your blog for Google Search Rankings
        
        Reach out to people or brands you mention in your posts
        
        Accounting costs
        
        Quickbooks Self-Employed: $10.00/month
        
        Hidden costs:
        
        Internet speed upgrade
        
        $60-$80
        
        Office supplies
        
        $20-$40/month
        
        Extra data storage with Google or Dropbox: $10/month
        
        Just to start off, you have to invest around $65.40/ year with focusing on fundamentals:
        
        Write great blog content
        
        Begin driving traffic and experimenting
        
        Learn from your readers and start monetizing
        You do not have to invest in those tools right away
        
        Time investment
        
        At least 3 years of daily content posting
        
        Daily to maintain studies and job, I can put 2 hours
        
        Courses
        
        Everlasting
    - - Does this seem worthwhile?
        
        Possible lead generation: 0 to 350 000 visitors/month within few years
        
        Possible income through ads and affiliate marketing: $50 000/ month within 3 years
      - Is this the right time?
        
        This is the best time to start your first digital project, make money and live your dream
        
        Blogging has reached adulthood, but still there are people who make tremendous amount of money out of it
        
        The later you start, the harder to manage your studies, job
      - Does this match our efforts/needs?
        
        My need is to travel the world, that's the easiest way to create your personal brand around personal development
        
        To earn money online I have to put out content and create my voice out there. By sharing writing content through blogging, you can create that income
        
        The effort I need to put requires good English and writing skills, that is the way to create your brand out there
      - Am I the right person to reach this goal?
        
        I am the only person to attain it
      - Is it applicable in the current socio-economic environment?
        
        What are the current commitments?
        
        Job at Helios
        
        1-4 days/week around 6 hours per day
        
        Studies
        
        3-5 days/ around 6 hours per day
        
        Family
        
        Doing the shopping, picking my mother up from different places of the city: 3 hours per day
        
        Grandparents
        
        Meeting them 1-2 times/month
        
        Routines
        
        Morning
        
        Cut it to 3 hours, including your workout
        
        Evening
        
        Cut it to 2 hours
        
        Sleep
        
        6 hours per day
        
        I can put in 3 hours daily
    - - When?
        
        By the age of 23, I want to develop steady income of $5000/month
      - What can I do six months from now?
      - What can I do six weeks from now?
        
        Land your first articles about personal development
      - What can I do today?
        
        Pick a name of your blog, niche, do the SWOT analysis and find your USP point