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Finally got round to reading the millionaire fastlane , it's been on my reading list for ages, great book! Glad I found this forum, I've spent ages looking for a forum like this which wasn't full of people pimping their warez *cough* warrior forum *cough*
Anyway a bit about me, built a website back in 2000 when I realised there was a massive gap for a local online service which no-one had filled. Within days was ranking number 1 on google, and was pulling in about £2k-£5k a month, which was pretty good considering I was in my very early 20s. This went on for years, and I led a very good life because of it i.e. flushed most the money down the drain.
Fast forward to 2010-2011, lots and lots and lots of competition now. Everyone and their dog has jumped into my little niche. Google Panda hits, blows my site out the water. Traffic drops from 100s a day to <100. Income gets obliterated. Lesson? I should of diversified. I had all my eggs in one basket.
Luckily discovered minimalism at the same time, realised I didn't need to be spending 110% of my earnings to be happy. I had a much softer landing than many.
Current situation: 0 net worth (I count myself lucky im not in massive debts or bankrupt). Moved out of my flat and back home with rents. Living on less than the minimum wage now with my business on life support. Not really sure where i'm heading now, everythings up in the air and i'll be honest its quite a lonely place to be, but hope springs eternal!
Anyway a bit about me, built a website back in 2000 when I realised there was a massive gap for a local online service which no-one had filled. Within days was ranking number 1 on google, and was pulling in about £2k-£5k a month, which was pretty good considering I was in my very early 20s. This went on for years, and I led a very good life because of it i.e. flushed most the money down the drain.
Fast forward to 2010-2011, lots and lots and lots of competition now. Everyone and their dog has jumped into my little niche. Google Panda hits, blows my site out the water. Traffic drops from 100s a day to <100. Income gets obliterated. Lesson? I should of diversified. I had all my eggs in one basket.
Luckily discovered minimalism at the same time, realised I didn't need to be spending 110% of my earnings to be happy. I had a much softer landing than many.
Current situation: 0 net worth (I count myself lucky im not in massive debts or bankrupt). Moved out of my flat and back home with rents. Living on less than the minimum wage now with my business on life support. Not really sure where i'm heading now, everythings up in the air and i'll be honest its quite a lonely place to be, but hope springs eternal!
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