Some Money Can Be Worse Than No Money...

[Burt A]

Here's a scenario I'd like your forward-thinking opinions on:

Let's say you've:

• created a couple of websites that have always been profitable (and time consuming) over the past year and now routinely scrape in a little over $1500 net each month together. (These are capped out.)
• felt you have a solid set of skills after working under mentors in their legit businesses and you've used these successfully to dominate micro-niches (for what that is worth)
• Have proven your ability to sell high-ticket items in person and over the phone
• You've quit your financially sustaining, world-travelling, party-crazy yet real job and are about to make your next move and scared to start something that will turn into another small-time, time-consuming venture

Your end goal in 5 years is to have a 7-figure business. You also have no revolutionary ideas or ground-breaking products in mind, but you will run out of money in a year if you don't start making some big-boy money on something.

Do you:

A) Enter a highly competitive market that could be highly profitable and try to beat guys who've been doing it for years?

B) Pick off low-hanging fruit in small niches and build more small sites that, while consuming your time, get you to the point where fairly passive income is paying your bills (so that you can do A in earnest)?

When is the time to jump from 5-figures passive per year to a 7-figure business?

Asking for a friend...

 

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[Kyle Tully]

The answer might be AB.

Go into a highly competitive market and pick off the low-hanging fruit.