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I'm sure that you've heard the saying "Don't put all of your eggs in one basket" when it comes to running a physical business or online business. When it comes to making money, you won't want to rely on one method to bring in the bacon or one advertising platform that is your bread and butter lol. You'll need to diversify your income streams in order to keep a healthy business running for a long time.
If you have multiple income streams that are healthy, you don't have to worry about much. I'm not just talking about advertising methods either, you'll need multiple websites bringing in sales, not just one. This will ensure that if one of your websites starts to fall off, your other ones can bear the lower sales of the first and keep you afloat.
If you haven't figured it out by now, the worst number when it comes to running a business is 1.
An online business is probably one of the easiest to start up due to the low investment it takes to get a website up and running and begin marketing. But having just one product on that website probably isn't the best thing to do. If you have 10 products, put them all on one website and set up a second website that sells 10 different products in a different niche. You need to mix it up and jump around when it comes to niches, you never want to get too complacent within one because then you're leaving money on the table all over the place.
But there was a ceiling to the profits and I could never get them too high due to the amount of traffic I could get through PPC methods.

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No but seriously, that can be a very, very lucrative industry to be in and thing to do. The reason why is because once you've written your eBook, and you have listed it for sale in places, that's all that you really need to do next to promoting it. So they can provide you with a residual income stream for years to come. Provided it's on something popular! As in time, it may be that it's not relevant anymore. But it all really depends just what the eBook is on. Take those personal story eBooks. The kind that Lynne made revealing her cocaine abuse history and how she turned her life around and got out of it. Those kinds of stories are what people like to read. Or basically just those success stories of people how they went from zero to hero and the like. People LOVE to read them since they might learn something from it that they can use in their own life. Or even just story eBooks too. Novels and the like. Basically, there are soo so many different types of eBooks you can write and sell. Just check out Amazon for ideas! Which reminds, me, I was going to make a post that asked about writing and selling Kindle books and whether there was anyone here doing that?
The good thing is, it doesn't have to stop and end with just one book. You can make more! 

Oh see now here you have mentioned selling eBooks! Good stuff and well done I'm proud of you! lol :D No but seriously, that can be a very, very lucrative industry to be in and thing to do. The reason why is because once you've written your eBook, and you have listed it for sale in places, that's all that you really need to do next to promoting it. So they can provide you with a residual income stream for years to come. Provided it's on something popular! As in time, it may be that it's not relevant anymore. But it all really depends just what the eBook is on. Take those personal story eBooks. The kind that Lynne made revealing her cocaine abuse history and how she turned her life around and got out of it. Those kinds of stories are what people like to read. Or basically just those success stories of people how they went from zero to hero and the like. People LOVE to read them since they might learn something from it that they can use in their own life. Or even just story eBooks too. Novels and the like. Basically, there are soo so many different types of eBooks you can write and sell. Just check out Amazon for ideas! Which reminds, me, I was going to make a post that asked about writing and selling Kindle books and whether there was anyone here doing that?
I remember a while back people were raving about it and saying how it's a massive industry with more demand than there is writers and how anyone with any kind of imagination at all can earn a lot of money by just writing short kids stories. Some of them actually do really well and even though they're only like $0.99 and you might only make half of that. Sell 10,000 of them nd well, you do the math! :D The good thing is, it doesn't have to stop and end with just one book. You can make more! :D
Will definitely have to do a post on this as it's something that would be right up my street as I love making up stories lol. I once won first prize at junior school for my story of a boy who got kidnapped by aliens when his double decker bus traveled through a time warp or something like that lol. I can't remember now was a long long time ago. I also won first prize for making up a fake newspaper called "[b]The Daily Arthur[/b]" and the front page story was about a fish that grew a human head after swimming in polluted river but that was only because I didn't have much to go on and was using cut outs from an old newspaper. But because it touched upon a real life issue, I think that's why they awarded me first prize for it just from being so innovative. I just thought it was a lot of crap and something I slapped together out of boredom but they thought it was "prize worthy" so who am I to argue! LOL :D
But that's my point! You can write up any old, ridiculous story and it can go viral. But unless you write it, you'll never know! :D
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Tronia
Excellent post which presents good methods of trying to earn money and get some steady cash flow without only investing into one single way. I think freelancing is currently reaching its peak and will continue to rise steadily. People have realized how much money is in the freelancing business. The biggest mistake they make though that they go all for that, all in without having anything as a backup that will still provide some money. As appealing as freelancing is, it can be a tough business to get established, at least at the beginning. You have a lot of competition and you will want to make yourself stand out as much as possible. Wait, isn't zero a worse number than one? since then it would mean you have zero streams of income?? Haha, joking aside. Excellent post which presents good methods of trying to earn money and get some steady cash flow without only investing into one single way. I think freelancing is currently reaching its peak and will continue to rise steadily. People have realized how much money is in the freelancing business. The biggest mistake they make though that they go all for that, all in without having anything as a backup that will still provide some money. As appealing as freelancing is, it can be a tough business to get established, at least at the beginning. You have a lot of competition and you will want to make yourself stand out as much as possible.
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