A simple question to tickle your brain this weekend:
Would you rather have 1 site earning $1000.00 per month or 10 sites each earning $100.00 per month, and why?
The question is left without details to spur more discussion.
I had asked this question to my Facebook community the other day, and within 30 minutes I had a ton of answers that really started to make people think about their approach to online business and making money online, which is the purpose of sharing this exercise with you today.
Please leave a comment, and just for fun, I will give one random person a very rare, Smart Passive Income T-Shirt, as shown below.
All sizes are available, and you must answer the question in order to be qualified to win. One entry per person, and the winner will be randomly selected and announced one week from today (Friday, June 17th).
I look forward to reading your answers. Have a safe weekend!
“Likes” (below) are very much appreciated!
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Good to see the discussion. Would like to add two points
1. Having 10 sites allow you to test things out in terms which site is actually engaging users & solving their problems the most.
2. Different sites for verticals helps in removing the clutter that happens in content sites due to excess of information.
Nice topics you’ve started today.Well In my point of view its better to have 10 sites.As Akhil said that its really a good way to research the market & explore more customers.I do site flipping a lot.So in my case,I can sell each of those 10 sites for around $1500 or even more.But if I want to sell 1 site with $1000 I may not get the right profit I want.Not all flip will go good for you even if its a good site.So its risky for me.But selling 10 sites can do it.If 1 sales don’t go well then no problem.I’ve 9 more to go.Let see what others are thinking.Pat thanks again for starting this topics.
I would prefer to have 10 sites as opposed to 1. Like most of the previous comments, I like the idea of diversification. Also, I like the idea of owning multiple assets that can then be sold or leveraged in some way in the future. Having said that, if the 1 site was something as successful as SPI, I might have to re-evaluate.
I depends on the growth potential of the 1 site vs 10 sites. I would much rather have Facebook when it didn’t make any money then 10 sites making $10,000 year.
Every site if different, and just like valuing companies, you really need to consider a site’s growth potential when assigning it a value.
I think 10 sites would be better as they could be all done differently. Easier to track what works & what doesn’t.
Thanks for sharing your information.
I really like the idea of diversification .. Give me the 10 sites. As mentioned above already it would also easier to test and removes the worry of killing off your only stream of income if u bugger it up by mistake.
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