When I was a teenager, I remember that I was pretty close to one of my uncles (my aunt’s boyfriend and now husband). To be honest, I was close to this guy since I was 8 and still am. But back when I was 16, he started something very interesting with me. Each time I saw him, he asked me the very same question over and over again: In 5 years from now, where will you be?
He wasn’t looking for a specific answer; I could tell him about school, job, family, travels, etc. In fact, the purpose of this question was simply to make me think. He wanted me to think about my future, how I want to shape it. This way, I could realize how I can create a path towards my goals.
While discussing with my partner, he asked me a similar question. He wanted to know where I imagined our company in the future. Instead of answering him, I thought of putting all my ideas in one article. So you are about to discover my vision of the company (at the same time as my partner 😉 )….
Our main VA will go on maternity leave at the end of this summer so in one year from now, she should be back almost full time. Since she has come on board, we have made several great accomplishments and are now able to manage several projects at the same time while managing our current blogs. While the development of our company should slow down during the next 12 months (due to her maternity leave), we expect several projects to be on the roll.
According to our plan, in 1 year, M-35 should have its 10 niche websites up and running along with 2 “bigger” websites. Our 2 “big” projects are 2 financially related websites. One is regarding insurance (since we have nothing on this topic in our website portfolio!) and the second one will be an investing website. However, it won’t be a blog and it won’t be a niche website or educational site either… I’ll develop more on this idea later on ;-).
Therefore, I expect M-35 to make over 10k per month and the income distribution should look like this:
– 70 to 80% from our main blog network
– 10 to 15% from our niche websites
– 10 to 15% from our 2 other website projects
Among our revenue sources, we should have 4 (yup, you read it right: FOUR) E-books for sale (along with our first FREE E-Book which will be launched at the end of this month). Hopefully this will generate a few hundred monthly.
This is where the real fun begins. Thinking about what my company will become in 12 months is pretty easy since we are already following our annual plan and added a few more projects from our last annual meeting.
In 3 years from now, I imagine my company generating substantial income (hopefully over 20K per month). During these 3 years, we will pay off our company loans and probably leverage again to buy another major site. I see a possible investment of 50k to 150K in one or 2 websites that already generate a lot of income. Since we have been building our company through acquisitions, I don’t see any reason why we should slow down on this strategy.
We actually monitor a few blogs that we would like to buy one day. But in order to make it happen we need 2 things:
A) a blogger who doesn’t want to take care of his blog anymore
B) us with a lot of cash flow 😉
If all things go well, I also picture myself with several products (mostly E-books) and I would like to be working on a “service” or “tool” provided through one of our sites with a membership area (either a forum or a “private room”).
In 5 years from now, I’ll be 35 and so will my partner. The whole idea behind the name of M-35 is to become millionaire by the age of 35. For the record, my friend wanted to call it M-30 at first… and he is the one saying I’m hyper, lol! So in order to achieve it, we should be able to value our company at roughly 1,5M$ so we can both claim 750K worth of shares in our net worth statement.
With a well diversified portfolio along with a long income tracking history, we should be able to use a multiplier of 5 times the annual income at that time. So to make it worth 1,5M$, we would need a steady monthly income of $25,000. Since we are getting close to 10K/month right now, I guess that reaching 25K per month with our blogs will be a challenge but not impossible at the same time. After all, a guy like Pat Flynn made more than 40K last month!
In order to reach this level, we will need to leverage on our current network and offer paid membership services or webinars. Such activities are very lucrative and we should be able to make our monthly income jump through these services.
Technically, this should be the very first time when I’m really wondering if I should quit my job or not. I don’t know if the answer will be yes in 5 years but let’s just say that I’ll be pretty independent from my day job at that time ;-). On the other hand, if I still like what I’m doing, why not keep both?
In 10 years, I should be retired ;-). At the age of 40, I expect the passive income generated from my blogs to be more than enough for my partner and I to relax and travel around the world. I will still be working but I will do it with way less hours per week and definitely won’t be working for a bank. If all goes well, I won’t have to worry about keeping my job anymore ;-0. The fact of not working for a financial institution would open a lot of doors that we are not allowed to open at the moment due to potential conflict of interest and compliance. But once we are “free” we will be able to work on many other projects!
While I don’t expect my online income to grow as fast as it is currently, I believe we can both make over 100K each in our pockets once all expenses are paid. This would be more than enough for me to slow down and enjoy life as it should be enjoyed!
I’m trying to get in touch with you with this blog but I will also publish more updates from my free newsletter. Last week, I’ve given more info on my first E-book. If you want to be among the first people to receive it for free, you just have to sign-up for my newsletter:
What about you, Have you ever thought where WILL YOU BE in….1 year, 3 years, 5 years, 10 years?
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