$1000 Challenge Update #5 – A new collaboration!

For those who are new, this is a progress update of my Ultimate Challenge – Creating a small business that generates USD1000/month (on the side) using a comprehensive business plan. Long story short, this blog will serve as a small business that I attempt to use to generate at least $1000 monthly income (on the side) by the end of this year

$1000 Challenge Update #5 – A new collaboration! Click To Tweet

Why this small business challenge

This challenge was started to celebrate what 1 Day 1 Thought stands for – sharing information and knowledge to help you learn how to start and grow a business, even if it’s a side hustle.

I share updates about this challenge on a weekly and monthly basis covering these things:

  • My thought processes
  • Specific actions taken
  • Progress of this small business
  • Traffic details
  • Income vs expenses details
  • Progress vs goals
  • Anything else I think is relevant

By doing so, I hope for 2 things:

  1. If you already have a business idea that’s been lingering in your mind, or if you’ve always wanted to start a small business – I hope this challenge will inspire you to take action and just go for it
  2. You will be benefit from learning and applying some of the steps and strategies throughout this journey, saving you a lot of time and guesswork in your own small business

You can view all the progresses of this challenge via this link

Here’s the low-down for everything I did from 8th – 14th June

A new collaboration project!

This week, I met up with a relative, Ms Kiki, that runs a coaching business to explore some collaboration opportunities. She’s an International speaker, certified NLP (Neuro Linguistic Programming) Coach and also Trainer. You can check out her profile here

Disclaimer – I’ve been attending Ms Kiki’s courses since I was a kid, and a big part of my NLP knowledge and my motivational knowledge have been heavily influenced by her. Therefore, I am a big believer and very biased towards the quality of her courses ????

Currently, her team is on a mission to spread the importance of mental health

As a result, they’ve developed a course that is aimed at encouraging people who hide their emotional scars to reach out and take part in the healing process

At the same time, they are also in the process of bringing some of their courses online via an e-learning portal. 

This is where I can come in to (hopefully) help them amplify their message and reach out to more people

Our discussion on how I can add value

I drafted out their consumer journey and we discussed about:

  • Our collaboration method – How I can add value to her team and compliment some of their current efforts
  • Some of the online strategies that they can use to more efficiently reach out to those that need help
  • Which part of the consumer journey needs to be strengthened in order to encourage more people to take part in the course and also the healing process
  • What are the other assets that needs to be developed to appeal to more people
  • What is the advertising budget required

By the end of the discussion, the collaboration that we both agreed on is that I come onboard to help the team to manage their online advertising efforts in exchange for a commission for every student enrolled

On Saturday night, I met with the whole team on Zoom and it looks like we’re good to go!

I’m excited and looking forward to working on this project! 

Another happy coincidence is that this collaboration happens to fall in the intersection between my skills, passion, and experience – which is always a great start for a project or a new idea that will last

Writing

In the past, I’ve made the mistake of putting in too much time and money into an idea that doesn’t work. Therefore, this week I wrote about how to validate your small business idea before diving in

Hopefully, this will help people who want to start their small business increase their chances of success and give them a better perspective of their idea before fully committing into it

I also wrote about the 4th update of the $1000 small business challenge. The theme for the 4th update is reaching out to other small business owners to collaborate and leveraging their expertise to add value to 1 Day 1 Though’s readers.

The collaboration article

As a result of reaching out to other small business owners, I’m collaborating with another corporate service business owner and in the midst of writing an in-depth guide about how to start a small business in Malaysia.

This week, we discussed and agreed on the draft of our in-depth guide and will be working on the article on our own first. The tentative plan is for us to regroup next week and share the portions that we have written

I look forward to publishing the article! ????

Blog income related actions

Affiliate collaborations

The technology company I reached out to last week replied and rejected my proposal for an affiliate collaboration. According to them, the more suitable route for their business needs now are salespeople rather than affiliate sellers. Oh well, at least I tried

I think that it’s good that they know what their current business needs and chose to prioritize on actions that are most impactful.

I also think that I made a mistake by reaching out to another small business without a concrete proposal

The original intention was to reach out to other small businesses and get their input for a collaboration. But, to come to think of it, reaching out to other people with a proposal first and taking it forward from there would probably be a better way to do this

On the other hand, the web design agency I spoke to did not get back to me. I assume they are not interested as well but it would have been nice to have received a reply.

All is good though, this is an experience for me to improve

Application to be a web hosting reseller

I discovered that Shinjiru (the hosting service that I’m currently using) has a reseller program

I think this will be a great fit for 1 Day 1 Thought since I’m always advocating  small businesses to go online. It also compliments a lot of the things that I plan to do and the services I offer.

Naturally, I applied to be a reseller. I’m waiting for Shinjiru’s account manager to contact me

Is this how it will be?

This week I’ve started to get busier

I had to attend a few meetings and also conduct some training sessions for my other colleagues

As a result, I only managed to reach home late in the evening on the days that I am supposed to write. On top of all other family commitments, I’ve only been able to start writing my articles at night

This is the first week I have to push through to write my articles. I think this will be how it’s like when my other businesses start to get back on track

At times like these I’ve also realised the importance of having a plan and a goal in sight to keep myself on track

Where I am vs my goals

Minimum 1 piece of long form blog post of 1500 words and above / week

Continuing on the trend, I published 2 pieces of long form articles this week

I realised that pacing, apart from allowing myself to write more comfortably, I tend to write articles that are longer and more in-depth

I just need to be careful not to use any fillers in my articles and keep reminding myself to provide value in everything that I write

15% increase in website sessions on a month to month basis

This week’s traffic took a dive with a -47% decrease to only 52 sessions ????

Currently, a lot of my articles are still focused on ‘How-tos’. Although articles of this nature are not currently helping me with traffic, I’m still insistent on writing them because I believe these are the foundational articles that will add value and help other current and potential small business owners.

However, taking my learning from previous weeks, I know that I get my best traffic when the articles are about other businesses and small business owners.

Having said that, I think now is a good time for me to start developing an outreach program to connect with other small businesses and explore how we can add value to each other

800 email subscribers

There are no additional subscribers this week, total number of email subscribers is still at 11

However, I’m about to have 3 pieces of lead magnets ready soon

  1. Ultimate guide on how to start a new business in Malaysia
  2. Checklist for idea validation
  3. Startup costs budget template

Hopefully these will start to bring in more subscribers

1000 Facebook likes

This week I had an additional 3 page likes, bringing the total page likes to 148 (all organic)

Currently I’m still on track to start running ads in the 3rd or 4th week of June. Fingers crossed ????

$1000 monthly income generated by blog

With the collaboration with Ashton NLP about to kickoff, hopefully I will be able to start generating additional income for 1 Day 1 Thought soon

I’m also currently in the midst of a discussion with some potential prospects to take up my hosting services

Overall snapshot

P/S: You can get access to my live goal tracker by registering for my newsletter in the form below

My thoughts

I’m seriously considering revising my goals of writing 1500 words to 1000 words a week.

I know I mentioned earlier that pacing my writing has allowed me to write longer articles, but my initial intention of writing 1500 word articles is because long form articles get shared more.

However, it seems that with the current traction and behavior of my readers, long form articles does not make much of a difference. In all honesty, I even feel like it’s a slight deterrent

Writing shorter form articles might even enable me to focus more on writing instead of sometimes worrying about the article length

I’m still unsure about this and I think I’ll have to put more thought before making a decision. We’ll see

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