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Many entrepreneurs are famous for the impossible challenges they set themselves. Robert G. Allen is famous for the impossible tasks he has set himself such a taking 3 people from an unemployment line and teaching them how to create wealth and buy property in just 90 days, or his challenge to earn $24,000 online in 24 hours (he earned over $90,000 in 24 hours).

Recently I set myself some goals (which you can read here) and I have pretty much smashed all of them. So I (Ryan McLean) have set myself an impossible challenge for myself (being the entrepreneur that I am). The challenge is this:

Earn $1,400 per month by 1st January

This means that in January I need to be earning at least $1,400 per month every month. This seems completely impossible as my blog only gets 150 uniques per day and that everyone knows that blogs grow exponentially and mine is still at the bottom of the scale.

But I say screw the statistics and screw that everyone else says it cannot be done. I am going to go for it and I am going to go hard and just you guys wait. By January 2009 I will be earning over $1,400 per month every month and I will be a full time online internet marketer.

Ok so how do I plan to achieve the impossible? This is a very good question

1. Write Quality Content

I want to continue writing killer content that is really really useful to my readers and that is so good that people will link to it and bring in more traffic from other sites and from search engines

2. Get a Success Team Around Me

I was reading ProBlogger recently about How To Use Stumble Upon To Get Traffic and I am looking to build a team of bloggers in my niche (around 20 of us) who can help each other stumble and digg and talk about each others stuff. We will all work together to help each other other, both with social media sites and with other marketing strategies. If you would like to be in my success team then contact me, my door is always open.

3. Run a Competition

This month I have been running my Top Commentator competition and next month I am going to up the prize pool and offer more for commenting and also for writing reviews about my site. This will drive a lot more traffic to my site increasing my income.

4. Give Away Free Stuff

I will be giving away free ebooks in order to build up my newsletter subscribers. I will market them both on this website and through forums in order to gather names quickly. Once you get 10,000 names and email address of people who are interested in a certain topic you can easily become a millionaire. At the moment I have 120 which is 1.2%…not a lot but better than none. I want to build this up to over 1000 by January 1

5. Write My Own Ebook

I am currently writing my first ebook which will be up for sale titled “How To Make Money Commenting”. This will be for sale for just $7 and though I will need 200 sales to make $1,400 I believe this will be a good thing to supplement other income.

6. Sell Affiliate Programs

Once my newsletter subscription readers over 200 people then I will begin running affiliate sales campaigns of products that I believe will be really helpful to my readers. This will hopefully make me around $300 per month by January

7. Receive Donations

Although I don’t expect to receive any donations I am hoping that some generous people out there will donate to Smarter Wealth so I can afford to spend more time on it and make it even better (and then I could increase posting to twice per day) and still really good quality posts

8. Advertise

I am thinking about advertising once I release my ebook. I will advertise through getting product reviews on other sites, through some 125×125 banners (maybe) and maybe experiment with some pay per click advertising and see if I can make any money.

Did all this confuse you? Then here is a simple list of my goals in order to achieve $1,400/month by January 2009.

• Gather over 1,000 names and email addresses of people interested in making money online
• Increase traffic from 4,000 unique pageviews per month to 50,000
• Create and sell over 200 copies of my new ebook “Make Money Commenting”
• Increase RSS readership to over 1,000 Readers
• Run Affiliate Sales Campaigns to make $300/month