Unless your blog is absolutely crushing it and running on autopilot, your primary goal should be to increase organic search traffic. This is the single fastest way to increase traffic and, along with email, is the only sustainable way to grow a blog.
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I suggest that you shoot for 15% month over month growth as your True North. That may not seem like a ton, but compounding growth is really, really powerful. Let's say that your site is currently getting 1,000 organic visits per month. If you multiply 1,000 by 1.15 every month for two years, you end up with 24,891 organic visits per month. I'll take that math any day.
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It's important to pull numbers from Google Analytics and track your progress elsewhere. It's too easy to overlook your True North when it's surrounded by competing metrics.
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You can read more about the True North Formula here: http://www.jimmydaly.com/organic-traffic/