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Tentatively In

January 2nd, 2006 at 08:00 am

I'm tentatively in - whether I aim big or small, I honestly haven't decided yet. I won't carry over my 2005 challenge earnings, but I will continue some of the thigns from that challenge. I will count AdSense earnings from my tutoring and homeschooling web sites, and I will count sales from half.com.

I'm starting a new business this winter/spring, selling my own handmade items and possibly buying a few things wholesale to resell as well. The DivaTribe boutique is currently closed, and when it reopens it will feature these things. Jeffrey suggested that I track my progress here so that others can see what I'm doing, offer advice and constructive criticism and learn from my experience.

I have certain advantages. I already have my web sites, so I don't need to pay for domain names or hosting. For what I'm making, I already have some in stock and have yarn purchased that needs to be used. I also have money in DivaTribe's coffers to spend on advertising and purchasing wholesale.

So my dilemma here is two-fold: what to do specifically (if anything, right now) with the $20, and how transparent am I comfortable being with putting my business' income and expenses out there for all to see.

I won't be counting other sources of DivaTribe income (AdSense, advertising, affiliates, etc.). For this challenge, I'll focus specifically on the boutique as best I can.

On a separate note, I think I'll count money I save on dining out and groceries. I have amounts budgeted for each of those categories; any money I save will go to my challenge total. Likely won't be much, if any, but I'll count it nonetheless. I'll also count interest earned and have started an ING account with $20, especially for this challenge.

So there you go. Starting off with $20.

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