GetPlugD JSTracker

Saturday, 17 January 2009

Growing the Right Part of your Online Money Making Business

My internet business involves blogs, a fair number of them. Sometimes I can wake up in the morning, check all my stats/earnings etc and think "what should I work on today, what is top priority?" Answering that question is easier said than done especially when you know that if you left everything alone for that day nothing negative (or positive) would happen. Sometimes it seems like everything I do is medium-long term, which means looking into the future is important.

I recently wrote about money making business opportunities that have developed simply by the passing of time. When the blogs that are working well stop growing so fast (but remain stable), its time to pick things up from the bottom and build those blogs up. Now that I've been 'picking up' my old blogs for a while some are growing faster than others, so should I ditch working on the ones that are not growing as fast and just work on the high-growth blogs (while maintaining the high-earning, low growth blogs). For now, the answer is yes. I'm ultimately diversifying while at the same time filtering out the less effective techniques.

It's the 80/20 rule coming in useful again. The 80/20 rule is the idea that 80% of your results will come from 20% of your efforts. Therefore if you can work out which 20% of your efforts are the most productive you can shift gear and only work on those things.

1 comment:

Millionaire Maker said...

Thanks for your post. There are many online business opportunities you can find for making money at home! It simply depends on what you want to do.