One of the things that you will see a lot of on the internet are people who have managed to build up businesses that are now making them six and seven figure incomes. While those figures are a rare occurrence, they are a reality to some. So many people are struggling to try and earn even $1,000 in a single month. The dream of thousands or millions is just that, a dream.
However, when you think about it and look at all the similar money making programs available, and the people that are successfully earning seven figures, chances are they are using the same techniques that people making $50,000 or less a year from the internet are using.
There is one obvious difference between those two cases; the money that they make. But what are they doing that is so different? Is there really even a difference? After all, if they are using the same methods, is it simply a matter of luck that a factor of one hundred separates someone from making thousands instead of millions if the two people are doing the same thing?
Actually no, it has nothing to do with luck at all. There are many little differences, which we look at in blog posts at ViralKing. One of the differences is something known as diversification.
If you come up with a content site, paste AdSense all over the place and then sit back to admire your work (and update that one site) for the rest of eternity, you might do well for yourself but at the same time you are never going to get to the point where you really take advantage of what you have available to you.
This opens up a very big point. Adsense is not nearly what it was before and now with them changing the click spaces to only headlines and url’s many top publishers are suffering. Plenty of Fish is a very large dating website, in fact bigger than all the free dating sites combined. He runs Google Adsense and has noticed a shocking result. His income is down 60% in the last 2 months, and this is a guy that makes well over $100k a month from Adsense, we are talking big money!
That scenario is something you would see from someone making $50,000 or less a year. Someone making $5 million a year would add ten other revenue streams, all completely different to the one website in order to double, triple or even quadruple the results and then build dozens of other websites exactly like it. The step after that is to then find another method that works and build dozens of those sites too. Diversification is the key to making money online; just ask any of the experts, from John Chow in blogging (Who is on track to make over $300k this year from his blog) all the way to the Rich Jerk in content websites.