Question
I am feeling slightly defeated about my website's slow revenue growth, which I launched in July 2012.
Here is a quick break out of my yearly revenue so far:
July 2012: $5K
2013: $45K
2014: $100K
2015: $165K (estimating)
I put all my free time into this website. This is a side business for me as of now but my goal is to have this be my full-time job. At $165K there is not enough left over to pay myself a salary at this point. I need to reach at least $500K-$1M in revenue, but at the current pace it seems like I never will.
How can I increase my website revenue growth at a faster rate?
Answer
It's not clear what your business model here is but I will second Jamil scenario above. There are so many monetization models that you could apply.
Also, understanding the category will help clarify the opportunity to scale up and how, and at what pace and a possible timeframe.
