What is stable in IM?
- Thread starter schockergd
- Start date
"Running a business" is what i've been trying to do this time around, however I've found out that if your model relies on one or two sources for revenue, it can easily fail.
Obviously not, when 70% of your traffic will come from a single source. I wouldn't let that stop you though. It is not as if other paths are full of roses. Plenty of legit e-commerce sites got slapped by Panda and went under, check out the massive bitch thread in the G forum. You could spend 10 years building a massive authority site like Daniweb, which still got slapped and lost 60% of their traffic. As an advertiser a few Chinese carders could slip in as affs and you can end up with a massive bill, lost shipped product and eventually TMF'd. If you already have a model with +ve roi then scale and crush it.
Right, that's my point. That's way too high of a risk to take on if you truly want to run a business. Those sites could make for a great stream of revenue, but you shouldn't be paying your bills with that revenue. Use that revenue stream to fund something more stable.
There is no "stability" in any business. Business is about constantly fighting for higher profits, seeking new revenue streams and insulating your business against disaster. So don't concentrate on one site, one niche, one traffic source. Spread it out. If something goes big scale the shit out of it but keep working on your other stuff because you never know when the cash cow will start producing sour milk.
go learn a trade if you want stability. something that's geo specific.
if you put something online, there are 6 million people as good as you (or better) who can move your idea. intellectual property? in an ebook? good luck with that.
dchuk makes good points, but the guy put together something like serpiq. so by default his level of comp (even online) is much smaller than yours (last project was an ebook to improve gas mileage.)
consider grabbing 3-5 adsense accts, hedging with different approaches/networks, and working that into psuedo passive income while finding stability offline.
if the 3-5 show promise, bump it up to 8-10. you're hedged. money is coming in, and you're learning.
if you put something online, there are 6 million people as good as you (or better) who can move your idea. intellectual property? in an ebook? good luck with that.
dchuk makes good points, but the guy put together something like serpiq. so by default his level of comp (even online) is much smaller than yours (last project was an ebook to improve gas mileage.)
consider grabbing 3-5 adsense accts, hedging with different approaches/networks, and working that into psuedo passive income while finding stability offline.
if the 3-5 show promise, bump it up to 8-10. you're hedged. money is coming in, and you're learning.
Your first problem can be solved by not searching for competent underlings online and start searching out in the real world. You need to talk with these people face to face. If they regularly talk to you in person, or even if they report to you via email, as long as they know you can physically come find them and bitch at them then you shouldn't have trouble getting people to work their asses off for you.
Your second problem is that you've created several products and they never gained any traction...
How many products have you actually made? How long did you try to push your products without them gaining any traction?
I'm guessing that you created 2-3 products and they flopped. You should sack up and keep going. Even if you have created 20 products and they flopped I'd still tell you the same thing.
The only people who get shit done and move forward in life are persistent as fuck. Stop watching tv and stop jerking off. Keep your ears and eyes open and constantly look for hungry people that have a strong desire for something.
Good luck.
Solid advice.
Also reminds me that my WF break is over, and it's time to get back to work.
Churning out 100s/1000s of junky MFA sites is no way to go. I'm maxed out now at around 20 sites and that is pushing it, as to create the quality that Google is looking for (to rank) these sites need fresh, well researched content and dedicating time to link building is just as essential. It takes months to build authority as well, you have to be very patient and be in for the long game dedicating full time hours. You may have to study and write about very dull topics as well if you target the high CPCs as I do. Publishers only get banned from Adsense for pulling shady shit. If you provide the best sites in your niche and you have a good track record with click data, payments etc then I see no reason why they'd choose to pull out the red card. Just my 2 cents.
That "google money" demographic you targeted never went away and never will. You just need to adapt.
The only stability is in the market (health, making money and relationships)
Holy shit. That's genius! Totally worth bumping a dead topic for!
:bowdown: :bowdown: :bowdown::bowdown::bowdown::bowdown:
whether you a doing SEO, PPC, Media Buying, PPV or list building you are just a middle man driving traffic. And it's not stable.
It's important to understand the difference between earning passive income and building equity.
With Equity you own the business/product and can build assets, client lists etc.
fortunes and net worths are always made on equity not income.
So you have to broaden your thinking as some others have said.
I thought about making a post about this in another section . It would be great to get a discussion going about equity and get some ideas going with real estate , starting a business or some shit.
for right now sounds like you need to get a job and then start making a plan. and follow through
hope that helps
the above really helped me and opened my mind and I hope it helps you bro
good luck
It's important to understand the difference between earning passive income and building equity.
With Equity you own the business/product and can build assets, client lists etc.
fortunes and net worths are always made on equity not income.
So you have to broaden your thinking as some others have said.
I thought about making a post about this in another section . It would be great to get a discussion going about equity and get some ideas going with real estate , starting a business or some shit.
for right now sounds like you need to get a job and then start making a plan. and follow through
hope that helps
the above really helped me and opened my mind and I hope it helps you bro
good luck
I dont want to be a dick, but apparently I am good at it AND I normally dont agree with jsphfcll, but this is what I would have told you too.
You came in about a year late on rebills, banked a small amount, and havn't done shit since.
The truth is, nothing is stable in life. Its your perception that thinks its stable. You make your own stability. Once you comprehend that, you will be in better shape.
I agree you should do 1-2 things well and bank the fuck hard off it, but right now your looking for a handout. Read between the lines here "MAKE YOUR OWN STABILITY".
Reread the last line above about 10 times.
With 150k you can definitely build a stable long-term, well diversify portfolio of websites with good growth. Keep it whitehat, don't bother with short-term mini site crap like 99% of the sheep online are doing. Do the fukin opposite from the sheep, and build nice authority sites with great fukin content that google would fuck you for.