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Diversification is a growth killer!

Discussion in 'Making Money' started by RussianMarketing, May 30, 2013.

  1. RussianMarketing

    RussianMarketing BANNED BANNED

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    I really believe people use diversification the wrong way in this business. They think they are protecting themselves by working multiple markets. They are actually hurting their growth because they can't leverage their expertise, product creation, customers, and time to grow faster by concentrating on one big market.


    In big markets, there is no need for protection because thousands to millions of people are entering the market daily. You only have so much time in the day so it is better to work a market until you can't squeeze anymore money out of it before moving on.


    Once you build up your cashcow, invest it in something else that doesn't require a lot of time.
     
  2. harry black

    harry black Registered Member

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    Interesting post. I am inclined to agree from my experience. Still, I think it is good to put a little time aside to think about future projects, buy domains and get basic sites up that you can build on later as cash cows or just as quality aged tier 1 links.

    In general though I think you're spot on. Perhaps some can work on several sites at once but for me I prefer to concentrate on one niche and completely immerse myself in it for the most part.
     
  3. RussianMarketing

    RussianMarketing BANNED BANNED

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    At least you're able to understand where I'm coming from. I'm just sick and tired of people trying to give bad advice.

    I was reading a thread earlier today where a guy started to make around 200$ per day and people were telling him to "diversify his income". WTF? It's like they don't realize that they're telling the guy to leave money on the table.

    I swear, someone listened to a "Guru" and then passed on that information to others and a snowball effect occurred.