Are you faithful or do you cheat?

I'm a cheater. I have 4 ecommerce sites, all in different markets plus a couple of other income streams that are more service related.

Well I believe that one secret for these Guru's is after setting a good foundation and reaching a certain level, they can outsource a good portion of the work.

One now. I made a huge mistake of trying to get into industries and it lead to frustration and wasted time. Never again. ONE now!

what i do not understand is when someone tell you how well they are doing in niche. It's so easy, so much money, such a great life style etc...

Then a week later he's into another niche, working that one as well.

It puts me off. The more Niches they are in the less I am likely to believe the hype.

I do not care what people claim there is no free and easy lunch in ANY industry. It takes effort, contacts, time, effort, vision, an edge, failing and growth. There is NO passive business.

There are only so many hours in a day. You either focus in one biz or you split your time and effort and you'll find the results are "split as well.

I.M.H.O.

I mean do you think Rodger Federer would have become the player has has if he's have put effort into growing an E-bay biz on the side?

You don't see Tom Cruise running a side business do you?

To be world class takes 100%, laser focus. Same with biz

You have to be dead careful chasing the "grass is Greener on the other side" and greed.

IMHO run one biz you enjoy..worse case you work in a biz you enjoy. If you have free time....go for a hike, play with your kids, go to the beach etc.. Don't then spend that time working in another biz.

Life has to mean more than biz and money or you'll end up in the looney house.

I mean there are people who run a few businesses. But they work on them not in them. It's not for me though. I find every business always has a huge headache around the corner.

I agree with focusing on 1 or 2 niches at most. I myself work exclusively on 2 niches.

I work on about 3 niches. It's a good way to diverse your links and online presents on the web.

Warren Buffet is a very wealthy guy and he operates in multiple different niches

I am a cheater, but only until I can afford to remain faithful.

My passion is writing, but until I become the next J.K. Rowling (in non-fiction), my offline consultancy and technical services are my 'affairs' that fund my 'true love'

Di

I think we may start out with what we thought was right because we were trained by the wrong person i.e. someone who 'cheated' taught us that we should cheat too So I began as a huge cheater, but started seeing that no way was it gonna work! Just did not have enough time and resources to make all the niches/sites successful. So narrowed it down to my 3 favorite ones - it is much more fun this way!

I cheat haha.

But for an upcoming project I will be focusing on a niche that I know a lot about, and that will be my main project for a while.

No paying for content, re-writing, just me pumping out HQ articles on a subject I know Inside and out

Saves money, and seems as If It will be fun

Lololol. In this way, with niches, I cheat. Lolol.
In relationships with women, I do not cheat. That is wrong.

When I first came to the WF I was all over the board. I had a site in the herbal market with 7 or so sub-niches under it.

I also ran a sports related niche as well as an offline to online local business type niche.

This was not counting running, or at least overseeing, 3 non-related offline businesses. I got hurt pretty bad a couple years ago and honestly had to sell two of the offline businesses at about $0.48 on the dollar just to get enough money to get back to walking around again.

5 years ago I sold a IM/MMO based business and had to do a 5 year no compete. Was fine with me because of the herb and sport niches. I really thought I made enough money there not to ever really need to do anything online except as mostly a hobby. I found out the hard way that with no medical insurance, there is no such thing as "enough" money.

The sports niche is something that required physical involvement and although I can get around fairly decent now, I will never be that physical again. I still make decent money sending them leads but it is not what I consider full time money. The herbal niche still does well but is not a passion by any means.

After the first of the year I am going into the IM/MMO niche 100%. The market is starved for someone to step in and actually teach something real and not false hope. I have a virtual army of affiliates offline to help me because I have spent the last year building relationships with Distributors of some larger print newspapers in Atlanta, as well as local newspaper editors, department of labor employees, .. shoot .. even the mailman. Mutually beneficial relationships are a wonderful thing all too often overlooked.

While everyone else will be fishing from the same old solo ad ponds I will be reaching people that never thought of using a computer to supplement their income but are in need of making some money. The news distributor themselves are reaching over 200,000 people a week.

I guess you could say I am a cheater who is dedicated to becoming faithful.

i think everyone of us goes through multiple niches before we find the "one" and stick to it.

Learning everything you can about a particular niche is very time consuming, but pays off well in the long run

I'm a cheater, because I'm new.

I have multiple niches that I work in, and multiple that I concentrate on. It's supposedly a good idea to have one big project and work on that and only that until you establish it, but I think that depends entirely on your mindset.

Personally, I want to know everything there is about what relates to my big niches. One thing that they all share in common: the need for traffic. They all get them from different methods, and they all have different results.

So I've been getting my feet wet with free methods -- meaning the same methods you pay for, except you're paying for the experience. I've used arbitrage -- that's been going alright, but it's never been a huge passion. Just something I wanted to test out to see how it works.

I've written & sold articles. That went pretty well, although I was looking for clients in the wrong area and getting underpaid. Even still, now that I know how to get paid what I'm actually worth, I don't do it anymore because it bores me to write about other topics & that reflects in the quality of my work.

I've also been successful; successful means making a profit, not a living--I only made the equivalent of a couple of bucks in all of the niches and methods I've tried so far if you spread it out over how long I've been trying.

But now that I've had this experience I'm almost ready to concentrate and start buckling down on just one project. The others will exist and be maintained, but they wont be my main focus.

I think the reason that I'm a cheater is that I'm primarily a web developer. I like building sites. They take time to develop and promote so while developing new sites in new niches, I offer other service oriented stuff to keep the income flowing while other projects are in the development stage.

You're a software developer Tom, and I'm a web developer but still need to put money in the bank account while developing new sites.

I agree with you, sort of. I work one niche, as well, but work many sub-niches within that niche. I used to try and work multiple niches and was actually trying to manage almost 50 different sites at once. It got me nowhere, so I sold most of them and cut back to just one niche. Things have been much better since.

Benjamin Ehinger

I guess I am a cheater too, I work in all good wealthy niches that I can reach. having different niches and approaches just secures you from being slapped, like all been slapped by google with its penguins and pandas.

I believe that you should start with on market or niche and make sure that is successful before thinking of going to another. When you have conquered the first one and getting a solid income from it you can go and look at others that interest you.

I am not adverse to having multiple streams of income but I think in the beginning you have to focus on one niche or sub niche. Some niches are so large you could have a multiple number of sub niches within the one.

I have my fingers in multiple pies from ecommerce to SEO to niche websites in multiple areas, to Clickbank to Amazon and more. Diversity is the key for me!

I'm a bit confused by the title and it's relation to the actual message in the original post.

I don't see how having more than one website or business can be compared to the definition of cheating.

I operate a conglomerate. I can manage several businesses as once, online and offline, and from different countries. Not doing so and focusing on one doesn't make sense to me personally because I do have the ability to operate several with very little drawback other than hiring assistance to keep my businesses running withoutrequiring 100% of my presence, which in my opinion would not make my businesses a "Business" but more so branches of assisted self employment. Plus, I wouldn't have diversification, which is my security and not just an option of several sources on income.

I got started on eBay, if I simply kept with it and didn't force myself into other markets to bring in additional sources of income, I would have probably lost whatever ranking I do have on eBay due to bigger competition. I could Never become an eBay seller that can compete directly with Amazon. If I didn't, something would have happened along the way such as a random suspension, or hacked PayPal account and forced me out like it does with several other "medium sized sellers" - all of which has happened to me in the past... it was because of my multiple income streams that allowed me to go 3 months without an account and still survive which would have crippled many others. It was investing into real estate and becoming a landlord that gave me the financial security to take risks on eBay and even hire staff to run my business for me. My large eCommerce website is an amazing source of income, but it's backed up by my niche websites that sell the same exact products to a more direct audience of consumers.

Most of the people in the online world won't get an option to sell out their business to competition. There isn't that tangible factor in every aspect of a business. Sometimes, when a competitor arises and they beat you in your market... they won't always be willing to buy you out to eliminate so you can still walk away with something in your hand, they will just take your market and keep looking forward. Walmart does't move into town buying up small businesses inventory and relocating it to serve to their customers at their own big store... but say you own a couple stores, and you own a couple service based companies in markets where Walmart doesn't compete in.... you can sell off your stores inventory and lock the doors, and focus your attention to your back up companies. Sure WarriorForum is great as an income source and business to Allen Says, but it Can be replaced.

We were faithful for many years. But we just started cheating... feels good

I think it's cool to expand and be more creative. Take things to new heights that some niches not really offer. or better yet, network with people who can sell your stuff in new markets, that they wouldn't in others. Volume VS Profit.

Just do what's the most fun! and what you love!

Agreed. Imagine you want to hire the veryt best heart surgeon in the world. Money is no object...but he's away doing a seminar on S.E.O. Hmmm....think I'll pass on him.

Most people fail....Most people run many businesses, See the connection? To create a multi million dollar business brand would never give you the time to dabble in other things.

And Warren Buffet ran one biz. Berkshire Hathaway investments. He doesn't run "offline SEO" in his spare time. A 1 trick pony. According to msot here he was wrong. All $10BN+ off it.

Want to build a brand, make it big. Foucus on one thing!

I am an old timer. I think it's lying and not the way to go at all.

95% of people fail

95% dabble in many businesses.

Maybe they are connected?

I understand your concern. But i would prefer to work with multiple niches. There are strong reasons behind that. I am working in this filed for three years. If i work with two niches I know that one niece may click but another niche may not click. I prefer to do some sort of experiment in this filed. Just do it and see the result. Best of luck.

Sounds like most everyone here is "polyamorous" with their niches, haha!

As many fingers in as many pies as I can get. All day long, son.