Have you decided how you are going to make money online? You can get overwhelmed just thinking of all the possibilities.
To deal with information overload, it helps to focus on two main strategies and make a choice between them.
In the “Virtual Real Estate Empire” approach, you create niche information sites that are monetized with affiliate income products like AdSense, ClickBank, and Amazon. You can even sell your own product and create an email list. The goal of this strategy is to multiply your income stream by building more sites in different niches.
In the “Site Switch” approach, you create virtual real estate empire-like sites, monetize them, increase organic traffic to them, and then when revenue peaks, sell the site for a profit. .
There are many people who have tried both strategies and have done well with each.
If you are in the beginning stages of your online career, you may want to consider both of these approaches. To help you decide between these two options, first take a good look at yourself. Both will take a lot of work and time to accomplish. Know first if you are willing to put in the effort.
Now determine if you have patience. The Virtual Real Estate Empire strategy will require you to wait for the income to leak out over time. The site switch strategy will allow you to charge a lump sum when a site is sold.
Next, find out if you can part with your possessions. If you can’t part with your website creations, then you may be more comfortable with the virtual real estate approach. If you see yourself as someone who provides a web property creation service for others, then you shouldn’t have a problem with the site switch approach.
