Saturday, April 23, 2011

How to Make Money Online Wisely in 2011?

Google’s recent update Farmer aka Panda destroyed lots of online businesses. There are hundreds of thousands of online businesses that rely on Google for the most targeted visitors as well as buyers. So, once a site loses its ranking, it loses all the traffic and, as a result, it ends up losing all the sales.

So, what do we learn from this?

We learn that it’s never, never, never a good idea to have just one business website and one business model to make money online. It’s just not wise!

I suggest that you don’t rely on just one site alone. If you are a newbie, then your focus should be on creating your first website. Do not think about creating several websites at a time, because you won’t be able to complete any website effectively.

Focus on 1 business website at a time to make money online. Once the site goes Live successfully, then you should start focusing on your 2nd website.

See, you should never put all your eggs in one basket, because if you drop the basket, all the eggs will… break!

So, you shouldn’t rely on just one site… Because if it goes down, then your business is… gone!

I tell you, it’s not easy to get involved in several different industries. So, if you are an expert in one particular industry, then you should become your own competitor and create several sites competing in the same niche.

If you like to sell information products like eBooks, downloadable audio / video products, etc. then you should create different tutorials and courses and cater to the needs of different markets. Again, it’s not easy, but you shouldn’t give up. Keep brainstorming and keep jotting down your ideas.

The conclusion is… To make money online wisely in 2011 (when the competition is intense and the internet is growing) you have got to have several business websites up and running. So, if one site is hit due to Google Algo change, you can still survive from the revenue that you will receive from other sites.

So…You and I both should learn a lesson from Google Panda and make money online by creating several online business websites in 2011.

Let’s work hard in 2011 and reap the benefit in the years to come!

1 comment:

Alan said...

This is great you said about we should have focus on one site. by the way can you share more about google panda??