Should I Start a New Website??

iceintentions · 09-18-2008, 06:01 PM

Right now I have a site that reviews car auction lists. The sales are pretty decent considering I just started IM 3 months ago. But I'm thinking that I could make way more money if I entered into a new niche like health & fitness or relationships.
Should I just juice the crap out of my current site and then move on or start another site on the side right now? What would you do?

kenj · 09-18-2008, 06:05 PM

Stay with your current site if it works

Do noy even consider anything else at present

do not vary from your current path!

stay with it!!!!

Do not start another website!!!!

Wait for a month and focus on your currently succesful website

Do not get distractted

Chris Wilkinson · 09-18-2008, 06:13 PM

If your first site is at the stage where it ticks over automatically then I say - go for it now, you may lose interest and not bother later. However be careful and watch out for over stretching.

You will always have your first site to fall back on if it doesn't work out.
Good luck.

Neil Morgan · 09-18-2008, 06:17 PM

I would say that the answer depends on whether you feel you have squeezed all you can out of it, and also whether it will continue to earn while you focus on something new.

Is it easier to create one site that makes $5,000 per month, or ten that make $500 each?

It depends on your niche, but is a point worth considering.

Cheers,

Neil

Mike Hill · 09-18-2008, 06:19 PM

You should definitely explore other areas. Once you get a site up and running AND profitable move on and build the next one.

I'm NOT saying ignore the other site(s) but you need to keep going. But make sure that each site is setup and profitable before moving on (that's important).

No sense watching ONE site for a month. What are you going to do in the mean time? Watch the pixels pixelate?

Keep up the momentum and if you get to the point were it's becoming too much then you will have to consider outsourcing or hiring someone to build your sites for you while you manage them.

It's a lot more profitable when you become the manager of several sites instead of always being the builder. You could actually manage several projects (sites) at one time and do far less work too, not to mention make even more cash!!!

Mike Hill

Nathan Denton · 09-18-2008, 06:22 PM

any tips on how you got started iceintentions??

AndrewCavanagh · 09-18-2008, 08:00 PM

I would suggest that if you're making money from one site then you should maximize the potential of that site first.

Think of multiplying by 10 and multiplying by 100.

So ask how are you making money now from your site?

What specific effort has brought you results?

Can you mutliply that effort by 10?

can you multiply that effort by 100?

Also what other ways are there that you can improve on your site?

Are you capturing contact details?

Are you following up by email, snail mail and telephone?

Are you really getting full value out of the leads you're generating?

Are you giving full value to the people who give you their contact details?

Are there other ways you can help them?

Is there information they desperately need that you can supply?

Are there other related products or services that would be of tremendous benefit to them?

Going through this process may help you identify sub-niches you can create sites for to service the leads you're already bringing in to your site.

And it will help you think of your business as a service to real people instead of just a money making website.

Kindest regards,
Andrew Cavanagh

MommyEnterprises · 09-18-2008, 08:37 PM

That would probably depend on how serious you are about your current niche. I am one that moves around a lot!

JasonKing · 09-18-2008, 08:46 PM

Quote:

Originally Posted by iceintentions

But I'm thinking that I could make way more money if I entered into a new niche like health & fitness or relationships.

Please explain ...

What is your reasoning behind this statement?

-JasonKing

Ruth Hendrickson · 09-18-2008, 08:50 PM

It's never good to put all your eggs in one basket. And in IM the bottom can drop out suddenly and without warning. Since you know how to make money in one niche, you can probably do so in another.

Rob D · 09-18-2008, 09:47 PM

Quote:

Originally Posted by kenj

Stay with your current site if it works

Do noy even consider anything else at present

do not vary from your current path!

stay with it!!!!

Do not start another website!!!!

Wait for a month and focus on your currently succesful website

Do not get distractted

I agree with Kenj, you should definitely start a new site

It's pretty much an impossible question for us to answer without knowing more about your site. Have you explored a backend at all? Perhaps you can offer priority listing to auctions for a small fee - or even a commission on referrals? Are there other complimentary lists you can sell to the same customers?

If you can maintain the site you have with minimal effort then starting another site is probably going to be a good educational experience but in general - if you have a site making you money cling to it. 90% of websites don't, and 99% of new websites don't.

Dan Foley · 09-18-2008, 09:52 PM

What means are you using to get web site visitors?
Do you track the number of visitors hitting your web site?
Have you optimized your keywords?
Are your keywords showing up on the first page of Google,
Yahoo, and MSN?
What is your conversion rate?
How many companies are advertising on Google? i.e. PPC
Have you optimized your web site?
Do you think you could double, triple, quadruple your revenue?

If you think you can make incrementally more each month then
work on that for awhile. If you think you can't then go into
another niche.

It is possible to work on your car auction lists web site and
start a health and fitness web site at the same time, depending
on how much time you have and how much time you want to spend
doing it.

rapidscc · 09-18-2008, 10:00 PM

Wow great answers to this post.

Clearly, you should decide based on what you feel is right with the present situation.

If you feel like doing it. A technique was laid out by Andrew. If you feel a bit unprepared the first post seems logical.

As for my two cents, those who won already can usually repeat the same pattern of action. We are a creature of habit you know...

iceintentions · 09-19-2008, 01:01 AM

Thanks for all the good advice, I got some good ideas from it! I know I can get more profits out of my current site. But on the other hand I know a lot of people don't want to pay for car auction listings they feel like they can get for free. That's why I was thinking about starting another site sooner than I planned while still working on my current site.
Being bored with a lot of extra time on my hands lately doesn't help either. lol

I got started by buying the rich jerk, then eventually wandering over here and reading just about everything on the old forum. After that I just used whatever worked for me.

09-18-2008, 06:01 PM	#1
iceintentions Active Warrior Join Date: Jun 2008 Location: Los Angeles, CA Posts: 30 Thanks: 5 Thanked 0 Times in 0 Posts Social Networking	Should I Start a New Website?? Right now I have a site that reviews car auction lists. The sales are pretty decent considering I just started IM 3 months ago. But I'm thinking that I could make way more money if I entered into a new niche like health & fitness or relationships. Should I just juice the crap out of my current site and then move on or start another site on the side right now? What would you do?

09-18-2008, 06:05 PM	#2
kenj Senior Warrior Member War Room Member Join Date: Aug 2008 Location: Bracknell, Berkshire, UK Posts: 1,242 Blog Entries: 6 Thanks: 134 Thanked 234 Times in 171 Posts	Re: Should I Start a New Website?? Stay with your current site if it works Do noy even consider anything else at present do not vary from your current path! stay with it!!!! Do not start another website!!!! Wait for a month and focus on your currently succesful website Do not get distractted
	The Memoirs Of Edward Rochester - Just imagine if Jane Eyre had been written by Mr Rochester. My first full length novel now on Kindle and In Print on Createspace. That's what I call a niche!

09-18-2008, 06:13 PM	#3
Chris Wilkinson Stuck In The 80's War Room Member Join Date: May 2007 Location: Northwest England Posts: 183 Thanks: 4 Thanked 3 Times in 3 Posts Social Networking	Re: Should I Start a New Website?? If your first site is at the stage where it ticks over automatically then I say - go for it now, you may lose interest and not bother later. However be careful and watch out for over stretching. You will always have your first site to fall back on if it doesn't work out. Good luck.
	Twitter Me Here! \| Read My Blog Here!

09-18-2008, 06:17 PM	#4
Neil Morgan Senior Warrior Member War Room Member Join Date: Jun 2007 Location: Lanarkshire UK Posts: 2,487 Thanks: 98 Thanked 314 Times in 223 Posts Social Networking	Re: Should I Start a New Website?? I would say that the answer depends on whether you feel you have squeezed all you can out of it, and also whether it will continue to earn while you focus on something new. Is it easier to create one site that makes $5,000 per month, or ten that make $500 each? It depends on your niche, but is a point worth considering. Cheers, Neil
	AutoResponse Plus ~ June early-bird special @ProjectARP4 ~ all-new AutoResponse Plus ~ delivering deliverability

09-18-2008, 06:19 PM	#5
Mike Hill List Building Freedom War Room Member Join Date: Jun 2004 Posts: 2,611 Blog Entries: 3 Thanks: 249 Thanked 668 Times in 330 Posts Social Networking	Re: Should I Start a New Website?? You should definitely explore other areas. Once you get a site up and running AND profitable move on and build the next one. I'm NOT saying ignore the other site(s) but you need to keep going. But make sure that each site is setup and profitable before moving on (that's important). No sense watching ONE site for a month. What are you going to do in the mean time? Watch the pixels pixelate? Keep up the momentum and if you get to the point were it's becoming too much then you will have to consider outsourcing or hiring someone to build your sites for you while you manage them. It's a lot more profitable when you become the manager of several sites instead of always being the builder. You could actually manage several projects (sites) at one time and do far less work too, not to mention make even more cash!!! Mike Hill
	The Newbie Marketers Formula \| Info Marketing News List Building Freedom (coming soon...)

09-18-2008, 06:22 PM	#6
Nathan Denton HyperActive Warrior War Room Member Join Date: Jun 2008 Location: Melbourne, Australia. Posts: 282 Thanks: 21 Thanked 17 Times in 17 Posts Social Networking Contact Info	Re: Should I Start a New Website?? any tips on how you got started iceintentions??
	Who Stole My Signature??

09-18-2008, 08:00 PM	#7
AndrewCavanagh Senior Warrior Member War Room Member Join Date: Dec 2006 Location: Cairns, Australia. Posts: 3,267 Thanks: 3 Thanked 784 Times in 425 Posts	Re: Should I Start a New Website?? I would suggest that if you're making money from one site then you should maximize the potential of that site first. Think of multiplying by 10 and multiplying by 100. So ask how are you making money now from your site? What specific effort has brought you results? Can you mutliply that effort by 10? can you multiply that effort by 100? Also what other ways are there that you can improve on your site? Are you capturing contact details? Are you following up by email, snail mail and telephone? Are you really getting full value out of the leads you're generating? Are you giving full value to the people who give you their contact details? Are there other ways you can help them? Is there information they desperately need that you can supply? Are there other related products or services that would be of tremendous benefit to them? Going through this process may help you identify sub-niches you can create sites for to service the leads you're already bringing in to your site. And it will help you think of your business as a service to real people instead of just a money making website. Kindest regards, Andrew Cavanagh
	# 1. Special Offline Gold Report PLUS 2 FREE Gifts!...$500 In 24 Hours Without A Website # 2. Make $1,500 Today...This Original 48 Page Offline Gold Report Reveals The Simple Step By Step System For Selling Your Online Marketing Skills To Businesses Right In Your City # 3. Click Here For More FREE Online Copywriting Secrets Than Any Other Site On Earth!

09-18-2008, 08:37 PM	#8
MommyEnterprises Work At Home Mommy Join Date: Jul 2006 Location: In My Kitchen Posts: 406 Thanks: 6 Thanked 10 Times in 8 Posts Social Networking Contact Info	Re: Should I Start a New Website?? That would probably depend on how serious you are about your current niche. I am one that moves around a lot!
	Stefani Mommy Enterprises Helping Moms Make Money At Home $$ http://www.MommyEnterprises.com

09-18-2008, 08:50 PM	#10
Ruth Hendrickson HyperActive Warrior War Room Member Join Date: Oct 2006 Location: Oklahoma City, OK, USA. Posts: 276 Thanks: 37 Thanked 9 Times in 9 Posts Social Networking	Re: Should I Start a New Website?? It's never good to put all your eggs in one basket. And in IM the bottom can drop out suddenly and without warning. Since you know how to make money in one niche, you can probably do so in another.
	Sig is on leave . . .

09-18-2008, 09:52 PM	#12
Dan Foley HyperActive Warrior War Room Member Join Date: Sep 2005 Location: , , USA. Posts: 321 Thanks: 3 Thanked 3 Times in 3 Posts	Re: Should I Start a New Website?? What means are you using to get web site visitors? Do you track the number of visitors hitting your web site? Have you optimized your keywords? Are your keywords showing up on the first page of Google, Yahoo, and MSN? What is your conversion rate? How many companies are advertising on Google? i.e. PPC Have you optimized your web site? Do you think you could double, triple, quadruple your revenue? If you think you can make incrementally more each month then work on that for awhile. If you think you can't then go into another niche. It is possible to work on your car auction lists web site and start a health and fitness web site at the same time, depending on how much time you have and how much time you want to spend doing it.
	Dan Foley Get targeted customers to your website

09-18-2008, 10:00 PM	#13
rapidscc Senior Warrior Member War Room Member Join Date: Sep 2008 Location: Sunny Philippines Posts: 1,682 Blog Entries: 26 Thanks: 462 Thanked 213 Times in 164 Posts Social Networking Contact Info	Re: Should I Start a New Website?? Wow great answers to this post. Clearly, you should decide based on what you feel is right with the present situation. If you feel like doing it. A technique was laid out by Andrew. If you feel a bit unprepared the first post seems logical. As for my two cents, those who won already can usually repeat the same pattern of action. We are a creature of habit you know...
	Raul Omar Diaz Cooking Up Something Big!

09-19-2008, 01:01 AM	#14
iceintentions Active Warrior Join Date: Jun 2008 Location: Los Angeles, CA Posts: 30 Thanks: 5 Thanked 0 Times in 0 Posts Social Networking	Re: Should I Start a New Website?? Thanks for all the good advice, I got some good ideas from it! I know I can get more profits out of my current site. But on the other hand I know a lot of people don't want to pay for car auction listings they feel like they can get for free. That's why I was thinking about starting another site sooner than I planned while still working on my current site. Being bored with a lot of extra time on my hands lately doesn't help either. lol I got started by buying the rich jerk, then eventually wandering over here and reading just about everything on the old forum. After that I just used whatever worked for me.