Part of the guide: Affiliate Marketing
I remember the day like it was yesterday. The day iLearningGlobal told me they were going to shut down the Network Marketing wing of their company and, in the process, totally obliterate my entire online business. The company just made a shift and decided they were no longer interested in being involved in the MLM industry.
When this happened, I was faced with a choice: I could either get angry, frustrated, and depressed or I could make a decision to diversify my business in a way that something like this would never happen to me again. I chose to diversify. I chose to build multiple streams of income that were not reliant on any single company or source. Here’s how I did it and how you can do it too:
In this guide
1. Start Building Authority Sites
Authority sites are websites that focus on a particular topic or niche and become a go-to source for that subject. By creating an authority site, you establish yourself as an expert in that field, which opens up numerous opportunities to monetize the site through ads, affiliate marketing, and even product sales.
2. Create Little Niche Websites
These are smaller websites that focus on very specific niches. While they don’t have the broad appeal of authority sites, they can be incredibly lucrative if you target the right niche. These sites are easier to rank in search engines due to their specialized content, which makes them a great addition to your diversified online business portfolio.
3. Diversify Your Online Business Models
Diversification isn’t just about creating multiple sites; it’s also about diversifying the types of business models you employ. Don’t just rely on one method of making money online—mix it up with affiliate marketing, product sales, membership sites, coaching programs, and more. This way, if one income stream dries up, you still have others to fall back on.
As I diversified, I learned that one of the most important factors in succeeding online is to not put all your eggs in one basket. By spreading your efforts across different projects and income streams, you reduce your risk and increase your chances of long-term success. So if you’re not already diversifying your online business, start today. It’s the best insurance policy you can have in the world of internet marketing.
P.S. Leave me your thoughts, comments, and questions below.
In prosperity
David Wood
Comments
Emily Wallgreen, August 15:
I completely agree with this approach to diversifying online businesses. It’s essential not to rely on a single source of income, especially in this ever-changing digital landscape. Thanks for sharing your strategy, David!
Carlos Mendez, September 5:
I’m a bit skeptical about the effectiveness of these methods. Have you personally seen consistent results with niche websites? I’d love to see some data or case studies that back up these claims.
Olivia Brooks, September 12:
You have been paid late before
You have watched the number on the dashboard not match the number in your account. What is different now is simple: it settles on a public contract you can check yourself, not a dashboard I control.
Read the contract →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
Could you elaborate more on the types of authority sites that work best? I’m trying to find a niche that resonates with me, but I’m struggling to decide where to focus my efforts.
Robert Andrews, September 20:
While I appreciate the insights, I think the advice is a bit generic. Building authority sites and niche websites is easier said than done. What’s your take on the challenges faced by beginners?
Linda Hastings, October 2:
David, it’s been a while since we last connected! This post was a great read, and it reminded me of the old days when we used to brainstorm together. Let’s catch up sometime soon. How have you been?
Michael Carson, October 10:
This post hit close to home for me. I recently had to pivot my entire business model after my primary revenue stream dried up. Diversifying has been a lifesaver, but it’s not without its challenges.
Isabella Thompson, October 18:
I’ve been using a tool similar to what you described here for building niche websites. It’s called “Niche Builder Pro,” and it’s been incredibly effective for me. You might want to check it out!
Joshua Brown, October 25:
I learned a lot from this post. The idea of not putting all your eggs in one basket really resonated with me. Thanks for the valuable insights, David!
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Most affiliates earn little, and that is disclosed up front. The difference here is not a promise about what you will make. It is that you can verify every payout yourself, on a public contract, in about twelve seconds.
See how the payout works →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
The post never explains why iLearningGlobal shutting down ‘totally obliterated’ the business, only that it did. Was the exposure concentrated in one company’s payout structure, or in a customer list that could’ve moved anywhere? Different failure modes, different fixes.
Small point, Raj, but worth being precise: ‘diversification’ in a business sense usually means the failure modes are uncorrelated, not just numerous. Three niche sites that all live or die by the same search algorithm update aren’t diversified in any meaningful sense, they’re one risk wearing three domains. The post could stand to say that part out loud.
What replaced the training budget iLearningGlobal used to provide, once you were building three separate site types alone?
Ivy’s question points at something worth an exercise rather than an argument. Before you diversify anything, list every piece of support a single company was quietly giving you, training, leads, even morale, then ask which of those you can actually replace yourself and which you’d need to build a relationship to get elsewhere. Diversifying without replacing support just spreads the same gap across more projects. What would you actually miss first if your main company relationship vanished tomorrow?
Simone’s exercise is the right one to actually do, and I’d add this from having lived through my own version of a sudden gap: the thing I missed first wasn’t training or leads, it was simply having someone who already believed the model worked, which is a strange kind of support to lose and hard to replace with a niche website. I think what’s being missed in Ivy’s question is that some of what a company provides isn’t a service you can rebuild, it’s confidence, and confidence has to be rebuilt slowly, project by project, on your own, no matter how much authority-site traffic shows up in the meantime.
Ivy’s question is the sharp one in this whole thread, cutting straight past the pep talk to what actually breaks when the crutch gets pulled.
Ivy’s question deserves an outline. The post recommends three things: 1) authority sites, for broad topical credibility. 2) niche sites, for easier ranking on narrow terms. 3) mixed business models, so no single method carries the whole load. What it never lists is a fourth thing implied by its own opening story: some kind of relationship or support structure that isn’t a website at all, which is exactly the piece Ivy is asking about and the post quietly assumes you’ll rebuild for free.
Ivy’s question is the one every dropped distributor asks eventually. I watched three different companies pull the rug out from under a field in thirty years, and the ones who recovered fastest weren’t the ones with the most websites, they were the ones who’d kept their own list of actual customers instead of renting the company’s.