Are you on pace for your 2010 internet marketing goal?

In three weeks and a day the first quarter of the year will have come and gone.  If you are serious about your blog income business this is the time to take a quick overview of where you’re going, where you are and where you’ve been so far this year.

Reviewing your progress in anything that you do is critical to success.  Goals drive success.  So you need to review the progress of your goal for the year.  I review by day, week, month and quarter.  I don’t spend a lot of time on all the details, but come the end of a quarter,my blog income business undergoes a microscopic review. Year to date results are tallied  and adjustments where necessary are made.

This is a good time to take a quick overview of the current situation vis a vis your blog income goal.  With three weeks to go there is still time to save the bacon.

Am I on track?

NO!

Do I know how far off track I am?

YES!

Here is a quick way to review your progress and maximize your internet marketing performance:

1.  Goal.
You can do this for any part of your life, but for the purpose of this blog and post let’s stay with your blog income business.  What was your goal for the year?  .

A common annual goal is to achieve a certain income.  Assume that your goal is $100K  for all your internet marketing streams.  A very simple plan might look like this

1Q = $10,000
2Q = $20,000
3Q = $30,000
4Q = $40,000

Total = $100,000

2.  Progress to date:
What is your year to date income?  With three weeks to go, if you do not make some quick adjustments will you achieve $10,000?  If not how far off the mark are you?  If the shortfall is just a projected thousand or two, what can you do to turn up the heat.

3.  High Gain Activities
A quick review will tell you what in your marketing mix has worked the best and brought you the money to date.  You will notice that every time you took action there was an upward  spike in the results.  Very quickly identify the action that brought you the most income.  Take that model and ramp it up for the rest of the month.  If it is affiliate marketing that is the major contributor, see which affiliate product contributed the most to your bottom line.

4. How Many Sales Needed?
If your current track projection shows that you will be $2000 short of your 1Q goal, what are the steps that will lead you to reaching $10K?  Ask yourself these questions:

a)  What is the commission for each sale?
b)  How many clicks to reach one conversion?
c)  How much traffic  per click?

For ease of calculation:
commission per sale:  $100
clicks to make one sale: 10
traffic to generate 1 click: 10

Armed with this information you come up with this formula
2000 visits = 200 clicks
200 clicks = 20 sales
20 sales @ $100 commission = $2000

5. Which Piston Is Firing  The Traffic Engine?
Look through your statistics to identify which marketing action drives the most traffic.  Isolate it and increase that marketing action in direct proportion to meet and deliver the additional numbers.

This is also a good time to look at your second quarter.  Based on your 1Q results what are the action steps for the coming quarter.  What adjustments do you need to make?

Look at your business as sailing.  When you sail you know what your destination is.  You have a mapped out route.  Depending on how the wind is blowing, how the currents are running and daily weather changes, you need to continuously tack your sailboat to reach your destination.  A review of your  results is just tacking your internet marketing business to success.

In short:  review, correct, continue.