1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Introduction - New to the forum

Discussion in 'Introductions' started by aminovitch, Sep 12, 2013.

Tags:
  1. aminovitch

    aminovitch Newbie

    Joined:
    Sep 10, 2013
    Messages:
    13
    Likes Received:
    1
    Occupation:
    IT Specialist
    Location:
    London
    Hello guys,

    I would like to introduce myself.

    I used to make a living from the internet. I was working 20 hours a day, 7 days a week with very variable luck and result. I could make 5000 Euros a week, then lose 5000 the week after.

    I touched almost everything: eBay, dropshipping, domain names, Adsense, Clickbank, affiliation... Never I had all the niches working good in the same time.

    The first thing I learnt is to diversify. It's very important because in the internet, the market is very volatile! In one of my websites, I used to have a steady stream of 5 orders a day with a relatively low traffic. This lasted for more than 2 years. Then one day, I had 3 orders. The day after 1 and then 0 for more than a year! Nothing is stable.

    On eBay, I did some money until the place was infested by Chinese factories selling directly to the end user! Some of them offer even from shipping from China! (I wonder if they Government subsides SH cost for them). Also eBay rules change all the time and often in favor of the buyer. You need just a couple of bad buyers to ruin a reputation.

    Now, I have a full time job and I am making a decent living. However, I am still nostalgic to this gold rush era and I am trying to find a niche just for the "sport" not because I need more money. I seems like many things changed recently and a lot of old recipes are no longer relevant. I take it as an opportunity to be more creative :)
     
  2. deedee1whoa

    deedee1whoa Power Member

    Joined:
    Aug 23, 2010
    Messages:
    593
    Likes Received:
    302
    Occupation:
    Student
    Whoa. Nice introduction, Aminovitch! :)

    It must be awesome being in London & having lots of money. ;)
     
  3. increaseyourlevel

    increaseyourlevel Newbie

    Joined:
    Aug 9, 2013
    Messages:
    28
    Likes Received:
    11
    Welcome here!
    Diversity is great but to survive it's necessary to select only your best and lucrative niches :)
     
  4. deedee1whoa

    deedee1whoa Power Member

    Joined:
    Aug 23, 2010
    Messages:
    593
    Likes Received:
    302
    Occupation:
    Student
    And yes, wish you a warm welcome to the best money making forum! :D
     
  5. tompots

    tompots Elite Member Premium Member

    Joined:
    Dec 11, 2011
    Messages:
    4,352
    Likes Received:
    3,955
    Gender:
    Male
    Occupation:
    Full Time Bot Developer
    Location:
    Professional Botters
    Home Page:
  6. Enklave

    Enklave Senior Member

    Joined:
    Apr 30, 2011
    Messages:
    801
    Likes Received:
    1,083
    Location:
    World of the Internet
    Diversity is good but only after you have one main method profitable. Welcome on BHW
     
  7. krishnacode360

    krishnacode360 Power Member

    Joined:
    May 30, 2012
    Messages:
    668
    Likes Received:
    187
    Warm welcome to BHW
     
  8. aminovitch

    aminovitch Newbie

    Joined:
    Sep 10, 2013
    Messages:
    13
    Likes Received:
    1
    Occupation:
    IT Specialist
    Location:
    London
    Thank you for the warm welcome guys.

    Yes, about the diversity, there is one issue: the loss of focus. So it's a balance to find between the number of niches attacked in the same time without loosing focus. Sometimes I tried to do too much in the same time and I missed a lot. But it's better to have 5 niches bringing 1000 Euros/month/niche than 1 single niche giving 5000 Euros.
     
  9. extreme90

    extreme90 Jr. VIP Jr. VIP

    Joined:
    Oct 21, 2007
    Messages:
    1,135
    Likes Received:
    477
    Location:
    ★☆ Earth! =) ★☆
    Welcome to BHW! :)
     
    • Thanks Thanks x 1