Home > Features > All Your Eggs In One Basket? • Bookmark   • Newsletters   • Register Search Options

FEATURE

All Your Eggs In One Basket?

All Your Eggs In One Basket?

April 21, 2004
Text size: 
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
  39.66%
Yes, but in a few years
  36.87%
No
  23.46%
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.

" No matter what your niche or investment may be, it will have down times. Remember, people are fickle, and no matter how good your site may be or how good your stocks may be, there will be times where you see a long period of inactivity or loss. If you’re only working in one area, now might be a good time to diversify. "

It’s easy to find a niche where you feel comfortable. If you’re partial to a particular sort of thing, chances are you’re going to work well within it. Same with investments. If you like one thing over another, chances are that you’re going to go with what you like.

But what happens if the niche or investment you so much enjoy suddenly stops working for whatever reason? Are you going to be able to pick up and move on, or are you going to be dumbfounded and lost in a sea of mediocrity without a life vest?

No matter what your niche or investment may be, it will have down times. Remember, people are fickle, and no matter how good your site may be or how good your stocks may be, there will be times where you see a long period of inactivity or loss. If you’re only working in one area, now might be a good time to diversify.

Diversification, simply put, means not putting all your eggs in one basket. It can mean working in several different niches, or it can be putting your investments in different stocks, or it can mean having several different hosts. It can mean much more than any of this.

We all like to make money. For some of us, it’s an addiction. Those of us who are making the big money have found that porn is not the only way to do it. There are some of us who not only got our first dime in porn but who now make more money in our investments than our sites.

Working several niches will give you a more stable income. If you like hardcore, certainly base your main interest there and build as many hardcore sites as you like. But you might also consider teen and single girl sites. MILF sites are also good for the hardcore lover, because it isn’t hard to stretch the imagination to include the action a good MILF can potentially give your wallet.

Now that you’ve laid out your sites and are starting to see some income from them, what you do with that income is up to you. If you really want to continue to see money coming in, you’re going to have to invest it.

How you invest it is up to you. You can drop it into stocks, mutual funds, bonds, or reinvest it in your business. Here’s where that diversification comes back into play.

If you want to reinvest it in your business, make sure that you don’t reinvest it all. Invest in yourself and your future by making sure you don’t put all of your cash into one project. If you put your money all in one area, what’s going to happen to it if that project falls apart?

You absolutely must make sure that you have money readily available. If your investment falls through, what are you going to do? Never, under any circumstances, put all of your dough into one investment. Remember Murphy’s Law?

Be ready when the bottom drops out. If you’re good with your money, you’ll have no problem with moving on. But if you’ve invested all of your money into the sites that just failed, you’re going to be broke. Seriously broke.

Never put all your eggs in one basket. Keep your money safely in several different places and ride the waves of wealth!

Take care of yourselves! ~ Tala

MensNiche gives you top quality unique sites such as penis enlargement, herbal products, volume pills, sex guides, dating guides, tantra and XXX sites, paying out over $100 on some signups. Click here to visit www.mensniche.com


OPINIONS & VIEWS

Could Adult Content Be Banned?

Earlier this month, I met with the Free Speech Coalition’s board of directors for our annual review. Despite the headwinds our industry faces, politically and economically, we are, as an organization,... More »

Cutting Costs in the Spirit of Entrepreneurship

Adult website owners are comprised of two groups: One is comfortable giving up 30-50 percent of their site’s gross sales revenue (aka profit) in exchange for software, hosting and services despite... More »

Technological Advances Typically Meet Wall of Resistance

Our lives have changed immeasurably in the past 100 years. Think of the wealthiest, most powerful person 100 years ago. It was probably John D. Rockefeller. In inflation-adjusted terms he is the wealthiest... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida

XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!