Comments on: Diversify Your Income Sources

By: Jim Travis

Jim Travis — Tue, 11 Jun 2013 16:36:15 +0000

Great article. Multiple sources of income is the best way to ensure that the websites is not over reliant on only one source.

Many websites purely run on adsense, however not getting enough traffic can mean very low earnings.

By: Chris Anton

Chris Anton — Tue, 11 Jun 2013 14:09:19 +0000

This is very true, and often hard for people to actually execute in practice, especially when they are younger (20’s/30’s). I think another piece to this puzzle is setting aside creative thinking time to identify new opportunities that may be right in front of you and ‘untapped’.

By: Justin

Justin — Tue, 11 Jun 2013 11:56:03 +0000

Great post, I agree that you should never put all your eggs in one basket and really diversify your income streams.

How many times have we seen people who have built a huge adsense business only to have their account banned and lose everything overnight.

By: Rick

Rick — Mon, 10 Jun 2013 17:56:57 +0000

Your post not only relate to blogging but also to personal life as well Great post Daniel!

By: Joseph Anzai

Joseph Anzai — Mon, 10 Jun 2013 14:34:42 +0000

When I was in my 20’s I read the book Multiple Streams of Income which I highly recommend. Everyone should apply these principals to there life.

By: Gurwinder Singh Bhinder

Gurwinder Singh Bhinder — Sat, 08 Jun 2013 19:46:57 +0000

You are absolutely right, you should not be dependent on only one source but rather develop few alternatives too.

By: Varun

Varun — Sat, 08 Jun 2013 18:25:52 +0000

Diversification is what i will start doing, one thing i learnt from what Warren Buffet said is that if i ivest in one and it looses i am gone but if i invest in many and some loose, i still have others to keep me out of risk. A Great tip from the great man 🙂

By: Vivek Gowda

Vivek Gowda — Sat, 08 Jun 2013 07:09:28 +0000

Ya that 100% true…It will be very hard to recover if our most depended source failed to make money…for example if we depend on adsense only,it will be very hard if our adsense account is blocked…Its always good to have more than one option…Thanks for sharing his great words…

shoutmehow…

By: Ryan L.

Ryan L. — Fri, 07 Jun 2013 14:17:15 +0000

Very good post. When someone develops multiple sources of income they give themselves an exponentially larger chance of finding some true success in any entrepreneurial venture. I strongly agree.

-Ryan L

By: Grant M. Peak

Grant M. Peak — Fri, 07 Jun 2013 05:38:46 +0000

Great post Dan!

Having diversified sources of income surely is extremely helpful for any entrepreneur, even if just one of those income sources is necessary to sustain one’s current lifestyle. It’s like having those redundant organs (think kidneys) in your body — if one fails, you still have another usable member.

By: Sunday

Sunday — Thu, 06 Jun 2013 17:57:36 +0000

Diversification of income sources is good especially if the blogger knows where and when to diversify. Luckily, we get to see people like Warren Buffet and Darren Rowse who have cult followership and teach them how to diversify their income sources.

Having said that, I agree that diversification reduces risks and can help maximize earning over a period of time. Bloggers should really consider this and spread their investment or income stream tentacles!

The above comment was shared as the above post was “kingged” in the IM social site – kingged.com

Sunday – kingged.com contributor

By: Rohit

Rohit — Thu, 06 Jun 2013 12:48:18 +0000

More different sources of income more would it be difficult for us to track… besides switching mind between stuffs is difficult

By: jerrylewis

jerrylewis — Thu, 06 Jun 2013 11:00:09 +0000

Well said! Diversification is the key to success and this goes to all kinds of endeavor be it in a relationship or business. This is just like saying it is better to have multiple business ventures so as to have a fall back when one does not perform well or not earning at all.

By: Richard Ng

Richard Ng — Thu, 06 Jun 2013 03:53:39 +0000

Hi Daniel,

Well written post with salient points to ponder about.

Cheers!

By: Louis

Louis — Thu, 06 Jun 2013 03:00:07 +0000

However, diversifying too much will weaken the focus. A opposite saying goes “put your eggs in one basket and keep an eye on it”. So I guess we should diversify only to a number we can handle.

By: Slavko Desik

Slavko Desik — Wed, 05 Jun 2013 20:41:09 +0000

Facing the same dilemma for some while now. It’s funny how Darren says what all of us already know (at least on some level)- you start by taking a guess, making a try… Then it only refines itself.

By: Ron

Ron — Wed, 05 Jun 2013 20:18:57 +0000

I’m trying to invest in CPC, now I’m going to build a website and advertising Diversity

thanks