Why You Must Have More Than One Niche Sites

Have you heard of diversifying your investment portofilio?

No? Well, it's extremely famous in financial planning.

Those financial planners will tell you that in order for you to minimize risk of lost, you should have different types of investment to generate multiple income streams.

This is to lower your risk of putting all of your eggs in one basket.

Do you know that the same concept applies to your online business?

Let's say you have a niche website targeted for dog owners and you're making a good income each month from it.

Do you know how fragile an internet business can be?

Once someone find out how profitable your online business is, it doesn't take a rocket scientist to figure out how you've achieved it.

Don't believe me? Here are some food for thoughts for you.

If you are getting traffic from Jv partners, what's stopping your competitors from contacting them to offer a better compensation than yours?

Ooh. You think your Jv partners won't take the bait because they are your friends. Fine.

What happen if your competitors end up becoming their friends by end of the month? Heck, they might be sipping coffee together at StarBucks!

Oops. You've just lost 50% of your income when that happens.

Or maybe, you are getting traffic from the search engines. With today's easy-to-use software, it's just a matter of time before your competitors figure out how you get top ranking at Google.com. Is it fair for me to say that they'll want to copy you legitimately to get the same success as yours?

And here's the scariest part of all - As long as they are not copying apple for apple, they have the rights to copy you!

You can't stop them from contacting your Jv partners.

You can't stop them from writing the same book as yours but with a different angle.

You can't stop them from reading your salesletter and hiring a better copywriter to write for them.

The only way for you to 'save' yourself is to have more than one niche sites. So, if you have 4 niche sites and each of them is generating the same amount of income, you know that each site is giving 25% income to you.

If one of your niche sites is taken over by the competitors, you still have 75% income to support you financially.

And remember, we don't live in an ideal internet marketing world.

Your website hosting, email database and etc can give you unforeseen problems. And you can be wiped off overnight because of this.

Prevention is ALWAYS better than cure. If you already have a profitable niche market, don't just sit in front of your Tv hoping to cash out money from it each month. Build more online niches, then you can do whatever you want with ease of mind.

If you need to make sure you have a profitable online niche, you can use Niche CheckList to check it out. Go to: http://www.nichechecklist.com

Copyright 2005 Patric Chan

Patric Chan is a direct response expert, internet infopreneur, marketing strategist and author. At the age of 24, he had achieved many extraordinary results in the internet marketing world. He had joint-ventured with many famous internet marketing experts in product creations and selling online. Get the latest internet marketing tips at http://www.InternetMarketing-Tactics.com

---

Internet Marketing Requires Lots of Patience!

When you first make a decision to start an Internet... Read More

The New State Of The Art Method For Making Money With Joint Ventures

If you are anything like me, you spend a lot... Read More

12 Steps to Creating a Business Online

"E-commerce"A word pervading our society, making headlines around the world,... Read More

Learn Judo and Beat the Summer Traffic Blues

Did it seem like as the Fourth of July fireworks... Read More

How to Network Effectively to Secure Freelance Work

When freelancers ask me what type of marketing is the... Read More

Beginner?s Guide To Free For All Sites (FFAs)

For those of you who don't know what an FFA... Read More

Viral Marketing, New Means of Communications and Applications

Viral Marketing and Communications, Buzz Marketing, and Word of MouthMeans... Read More

Chasing New Business?

As well you should. New business is what makes the... Read More

You Know Youre Too Ethical When...

Yeah, TOO ethical!? Lately, with some of the issues I've... Read More

How To Take Advantage Of Your Competition

When people market their business, they pay little attention to... Read More

When Is An Ad Not An Ad?

One marketing technique used by advertisers old and new is... Read More

To All Internet Marketers - How To Get My Business

More and more people are realizing that the Internet offers... Read More

Online Marketing Success Formulas?

Quit your job, pack up and restart your life online.... Read More

Local Search Makes Your Business a Big Fish in Your Local Community

The Internet Contains Billions of Website Pages - All Clamoring... Read More

Find Your Niche - the Internet Marketers Goldmine

If you haven't heard the word 'niche' being batted around... Read More

Income Producing Tasks and The Fluff!

Think about everything you can do in your business that... Read More

Niche Marketing the Right Way!

Niche marketing is hot these days. Membership sites pop up... Read More

Internet Marketing Online: How To Help Yourself By Helping Others

If you want to go far in business, and be... Read More

The Power Of Viral Marketing

You certainly know by now that the term "viral marketing"... Read More

Internet Marketing Reality Check

There are thousands of web sites, books, CD-ROM's, cassette tapes... Read More

Never Underestimate the Value of Giving Things Away

"Never underestimate the value of giving things away." I remember... Read More

Internet Marketing Requires Persistence

Marketing your company online requires patience and persistence. Like every... Read More

Niche Marketing: Broker Your Way To Profits

If you haven't started your own niche business yet because... Read More

How to Profit From Your Ad Space in this Economic Downturn

Recent research predicts that the online ad market will decline... Read More

Make Your Real Estate Website Visible!

So, you've created a Website to highlight your realty services... Read More

Get Permission to Earn Income Online for Life

Today, the internet is an excellent media to reach out... Read More

Internet Marketing Strategies

The right strategies to win a share of the Internet... Read More

Internet Marketing Online: How To Make Your Customers To Keep Coming Back To Buy From You

There are a few internet marketing online secrets that when... Read More

The Essentials of Free Internet Marketing

Given a solid product, a well-developed Web site, and a... Read More

Marketing Rapport - 3 Tips!

Establishing & maintaining rapport with your online audience is perhaps... Read More

The Rats Are Winning the Rat Race

There was this great entrepreneur who came up with a... Read More

10 Explosive Ways To Turbo-Boost Your Sales

1. Design your web site to be a targeted resource... Read More

Hispanic Web Marketing - An Emerging Strategy

Major marketers in the United States have recognized the importance... Read More