Why You Must Have More Than One
Niche Site.
Copyright By
Patric Chan
2005
Have you heard of diversifying your investment portofilio?
No? Well, it's extremely famous in financial planning.
Those financial planners will tell you that in order for you to
minimize risk of lost, you should have different types of investment
to generate multiple income streams.
This is to lower your risk of putting all of your eggs in one basket.
Do you know that the same concept applies to your online business?
Let's say you have a niche website targeted for dog owners and
you're making a good income each month from it.
Do you know how fragile an internet
business can be?
Once someone find out how profitable your online business is, it
doesn't take a rocket scientist to figure out how you've
achieved it.
Don't believe me? Here are some food for thoughts for you .
If you are getting traffic from Jv partners, what's stopping your
competitors from contacting them to offer a better compensation than
yours?
Ooh. You think your Jv partners won't take the bait because they are
your friends. Fine.
What happen if your competitors end up becoming their friends by end
of the month? Heck, they might be sipping coffee together at
StarBucks!
Oops. You've just lost 50% of your income when that happens.
Or maybe, you are getting traffic from the search engines. With
today's easy-to-use software, it's just a matter of time before your
competitors figure out how you get top ranking at Google.com. Is it
fair for me to say that they'll want to copy you legitimately to get
the same success as yours?
And here's the scariest part of all - As long as they are not
copying apple for apple, they have the rights to copy you!
You can't stop them from contacting your Jv partners.
You can't stop them from writing the same book as yours but with a
different angle.
You can't stop them from reading your salesletter and hiring a
better copywriter to write for them.
The only way for you to 'save' yourself is to have more than one
niche sites. So, if you have 4 niche sites and each of them is
generating the same amount of income, you know that each site is
giving 25% income to you.
If one of your niche sites is taken over by the competitors, you
still have 75% income to support you financially.
And remember, we don't live in an ideal internet marketing world.
Your website hosting, email database and etc can give you unforeseen
problems. And you can be wiped off overnight because of this.
Prevention is ALWAYS better than cure. If you already have a
profitable niche market, don't just sit in front of your Tv hoping
to cash out money from it each month. Build more online niches, then
you can do whatever you want with ease of mind.
If you need to make sure you have a profitable online niche, you can
use Niche CheckList to check it out. Go to:
http://www.nichechecklist.com
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About the author:
Patric Chan is a direct response expert, internet
infopreneur, marketing strategist and author. At the age of 24, he
had achieved many extraordinary results in the internet marketing
withorld. He had joint-ventured with many famous internet marketing
experts in product creations and selling online. Get the latest
internet marketing tips at
How to Make More Money Easily
|
For the best guide on how to create content, please read,
Make Your
Content Presell by Dr. Ken Evoy, whose
small family
business is now in the top 300 sites in the
World Wide Web
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