Have you ever heard about diversifying your investments? Well in this issue of the 'ONE YEAR MILLIONAIRE' I am going to talk about this principle and tell you why I think it is in your favor to do this. When starting to do business online; it is obviously best to stick to one thing and focus hard on it, but as time goes on and as you get the hang of it you are going to want to start spreading your money and time on other things. When I first began in the world of online marketing. I started with something fairly simple... an affiliate marketing position that offered me great commissions and still to this day I can't stop making money from it, but as I got used to working online.. I decided that instead of just having 1 website that I can profit from, why not have 2? So that night I registered a new domain and started work on my second website, and honestly it was one of my best marketing decisions thus far.
Since then I have went to 1-2 websites with fairly decent income to 50+ websites with massive revenue coming from each. I took a simple rule that I heard in an old movie and used it as a guideline towards my marketing future. You sometimes hear people talking about how their goals were to make $100/month or $10,000/year from online marketing... Well I had different goals. Rather than basing my goals on monetary figures, I based them on how many different websites I would have to bring me towards greater gain. So I basically said that my first month's goal was to operate 2 websites and my next month's goal was to operate 5! Continueing this trend just made my internet marketing career take off to new heights and I will explain to you very clearly why something that makes so much sense is overlooked!
When you think about making money online you probably are thinking of get rich quick schemes and scams that leave you with your head down after promising the world! Because of this; many online marketers get discouraged when they receive their first paycheck to find out that it is a very small amount! Dissapointment would lead half to quitting and half to work harder... but what a lot of people don't realise is that small amounts will add up if there are many sources.
For example: If you have 1 website and it makes $10 a day from ads, your monthly check would be approximately $300. Now if you have 50 websites that make $1 a day each, your monthly check is approximately $1500. Do you now understand what I am saying? It is hard to even build a website that makes $10 because of all the effort and time it will take... but rather than spending all that time for $300/month, why not take a little bit more time and make $1500/month? Making $1/day is clearly not as hard as $10. Using a different niche for each webpage will also bring in more traffic because they are targetting different types of people!
Now it makes a lot of sense doesn't it? Money can add up every month with one website, but it can add up a lot faster with multiple websites. Just think about it and put it into action... you won't regret it. In the next issue of the 'ONE YEAR MILLIONAIRE' I am going to discuss something that ppc users should be aware of, Fraudulent Clicking!
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Contributor's Note
This is the 30th issue of the ONE YEAR MILLIONAIRE.
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