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Put all your eggs in one basket

Discussion in 'BlackHat Lounge' started by albaniax, Mar 29, 2012.

  1. albaniax

    albaniax Elite Member

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    Seriously, think about it.

    I mean for people who haven't made any side capital and just want to make money first off, it's a better way to put everything in one basket.

    This can lead to make you in one part way better then your competition in your market.

    Focusing on one thing, so that you know all the edges and the in's and out's about your product/service.

    Diversification in the early stage can make you know about a lot of pieces only a little bit, and can lead therefore to failure.

    "Destiny grants us our wishes, but in its own way, in order to give us something beyond our wishes."

    Johann Wolfgang von Goethe
     
    Last edited: Mar 29, 2012
  2. muxmkt

    muxmkt Power Member

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    The plan is

    Put all you eggs in one basket, than when u have everything working properly

    Get more eggs and put in other basket, than when u have everything working properly

    Get more eggs and put in another basket,....

    You get the ideia =)

    dont spread you stuffs right away, focus on one thing at a time, and when ur good than find other method and do the same thing.

    in the early stages you will make money only if you focus on something. so focus, than when you are making steady money keep this basket and start to fill another one.
     
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    Last edited: Mar 29, 2012
  3. albaniax

    albaniax Elite Member

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    "Kick your brain, and your ass will follow" ;)

    ..instead of
    "Kick your ass, and your brain will follow"
     
  4. JasonZ10

    JasonZ10 Regular Member

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    I'm pretty sure when people say "Don't put all of your eggs in one basket" on this site, they mean spread out all of your offers across multiple networks. They're usually referring to email submits on content lockers.
     
  5. Roparadise

    Roparadise BANNED BANNED

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    I thought the best way is to rob the Easter Bunny,and take his basket of eggs.
     
  6. tony23

    tony23 Regular Member

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    My eggs are in my fridge.
     
  7. FrozenSpade

    FrozenSpade Power Member

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    the good: you can focus on only one thing
    the bad: you can lose everything at once if something happens (this happened to me).

    The best approach is to focus on one thing until it makes some money, the go and make something else.

    Putting all your eggs in one basket is only a temporary solution.
     
  8. shiloz

    shiloz Newbie

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    Yes you're right, especially when you have lots of competitors in your niche that you want to succeed in.
     
  9. swecmzkor

    swecmzkor Newbie

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    I agree, i had to quit my 9-5 job before I became successful.
     
  10. timmylang

    timmylang Junior Member

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    I disagree. You have to have a built in back up plan so you dont land flat on your face.
     
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  11. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    You can't do that..
    Put all eggs in one basket is the main reason why most people fail in IM.

    We need other basket as a "back-up" ..
     
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    Last edited: Mar 30, 2012
  12. Gormagor

    Gormagor Junior Member Premium Member

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    Tell that to the people who put all their eggs into BMR. ;)
     
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  13. zebrahat

    zebrahat Elite Member

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    Internet Marketing can be considered your "one basket," diversify within that one field. Think of yourself as a digital grocery store owner, and like your physical counterpart, you may just have 'one basket' in your store, but you don't just sell one thing in your store.
     
    Last edited: Mar 31, 2012
  14. KathaleenNuesca

    KathaleenNuesca Newbie

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    your idea is good but i like this quote more

     
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  15. QuiGloriam

    QuiGloriam Regular Member

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    Never put all your eggs in one basket!!

    If you want to focus in one things, let's say SEO services don't do that.

    Because for example if you are only offering private posts and your sites get deindexed you will lose all.

    Specialize on SEO services but diversify:
    -Private network
    -Some bots
    -Scrapebox...

    If you do micro niches sites don't put all eggs in one basket, if you use adsense and you get banned you will lose all. Do micro niches sites with diversification... CPA, affiliate and adsense.

    All eggs in one basket and focusing is not the same thing, you may be focus and diversify at the same time :)
     
  16. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    I agree.

    When starting out its best to focus on 1 small niche area.


    Then as your resources grow, expand and diversify!

    +1
     
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  17. everythingred

    everythingred Jr. VIP Jr. VIP Premium Member

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    I would go all in on one website, generate a lot of income and then sell it.
     
  18. albaniax

    albaniax Elite Member

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    Of course, that's not what I was saying. I've been already through that.
    I'm thinking of idea's, who stick long.

    Not like internet marketing as off SEO, CPA, Torrents, ewhoring :rolleyes:, ..basically making profit by getting into system's - instead my point is, YOU should be the system.

    Take the iPhone App Instagram as an example. iPhone user's want things to have easy, and Instagram is the same thing, like when I was downloading "Photoshop actions" from Deviantart and just pressed "run" years ago. It made beautifull pictures! Instagram is basically the same thing, just built into an famous gadget and made that easy, that everyone can use it.

    The IDEA should be, what you really need to work at if you want to be really successfull in this new age economy.
     
  19. SocialNetworks

    SocialNetworks Newbie

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    Disagree and agree.

    The basket should be a niche with smaller micro niche baskets to diversify. Know everything about the one niche and focus on the micro niches to provide security should something devistating happen to avoid a free fall.
     
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