If you are looking to make money online, is it better to concentrate all your efforts on one big project or should you diversify and work in several niches at the same time?
This post was prompted by a question I received in an email. The person was asking my opinion on PLR selling as a business model and about Tiffany Dow’s PLR ATM course.
Naturally I recommended the course because it is what I used in order to set up my own PLR site. Click Here for My PLR ATM review.
I think I mentioned in that email that if you put all your effort into building your PLR business you would see really good results, much quicker than I have with my own.
This raised the question that wouldn’t it be better to concentrate on this one stream in order to achieve this result.
I am in complete agreement with this point, in theory. The advantages of working a solo project means that you are bound to see the desired results in a much shorter timespan.
I Have Chosen To Take The Slower Path To Money Making Success
Although I know that there are some great benefits to working on a solo project, I have made a conscious decision to try to make money online in a variety of ways including running a PLR store, writing kindle books, using the Amazon affiliate programme and whatever else hits my radar.
My decision to choose a path that veers off into different directions at the same time may not work for some people but this certainly helps this ex procrastinator to get things done. 😉
Here are 3 reasons why working on several projects at once works for me.
Reason #1 – I Need Variety
I have read over and over again that you should choose one business model and work it until you are as successful as you hope to be. Then once you have achieved your goal, you can move onto the next project.
The problem with this idea is that I get distracted and bored very easily. I find it difficult to stick to just one thing, even if I know that it might pay off in the long run.
For me, instead of being able to think of the potential success and money up ahead, I get stuck thinking of how monotonous the task has become. I start to feel a lack of freedom in whatever it is I am doing. Instead of being able to push through, I start to find excuses not to do the work, which leads to procrastination and inertia.
The project comes to a grinding halt and is then left to gather dust on my computer hard drive, never to be seen again.
So instead of forcing myself to do something for long periods of time, I break up the task into workable chunks. I work it for a bit and then allow myself the option to move to another project for a while, knowing that I will return with renewed energy and optimism.
This means that progress will be a lot slower but I hope that by working this way, I am less likely to give up on money making opportunities and I can work in a way that suits my personality.
Reason #2 – I Have Different Interests
I love writing short stories, I love being able to provide content to others, I love working on new money making techniques and learning from new courses. If I only worked on one idea, I would be neglecting the part of me that wants to indulge in these other areas.
This is one reason why I have several blogs. I have different interests that cannot be contained on one website because the message would be a jumbled mess and visitors wouldn’t know what to expect each time they popped by.
Reason #3 – Maybe I Haven’t Found My True Passion Yet
There is a possibility that I am working on a variety of projects at once because I haven’t yet found that one thing that covers all bases.
There could be a singular opportunity out there that could provide me with all the variety that I yearn for. Something that is constantly evolving, which would therefore satisfy my need for continual learning and could be the perfect money making solution that would make all my dreams come true.
Is there such an opportunity? I do not know, however I am happy to report that I am content with the way things are going so far.
In theory, working one project to fruition is most likely the best route to take if you are looking for success in a shorter time-scale. But you have to be able to work in a way that suits your personality and skill set.
I will happily plod on and continue to work several projects at a time. I find that there is less room for procrastination this way and it makes me happy to know that when I wake up in the morning, I actually look forward to turning the computer on.
At some point I want to be able to say that I am living the life of my dreams. The only way to do this is by taking action and working through my different projects until I hit that sweet spot. Wish me luck
Have Your Say: Are you concentrating on one project or are you working several? How do you think this has affected your money making success? Share your thoughts in the comments section below.