Fun Hobby Into Full-time Income. If you could...

Turning a fun hobby (websites, Internet, etc.) into full-time income. If you had several months and could 'start over', what would you do first?

1) Start with one site and do a really good job(??).

Issues:
-Building quality traffic requires hard work, why not have 2, 3, 4, 5 sites (a network?) and gain from 'cross-traffic' among the sites??
-One good site might not 'take off', but 5 original, quality sites have a great chance.

2) Count on Adsense for income.

Issues (too many to list them all)
-Google is "an out of control mess", needs better competition, bans innocent publishers, pays a low percentage, and gives really low quality search results compared to 5 years ago.

3) Plan on other sources of income.

-Anyone want to post their 'top 3 or 5' alternatives to Adsense, and why they like them?

4) Too many original, fun, creative ideas.

Issues:

Preparing a site takes focus and planning. How do you evaluate 25-50 original ideas, without sharing them with people who could 'easily steal them all'?

Note: We don't need a big debate about Google. I don't respect them, and that will not change any time soon.

Any good advice would be nice.
Than you very much,
MGH

 

Well,
You and I seemed to be gifted and cursed.
Most webmasters cry for unique ideas, you and I are overburdened with the,
I think the key to weeding them out, is to make a List.
1. Yes
2. Later
3. Most Likely Not

Whatever goes into the yes pile needs top priority.
Hire a developper and get it done immediately.
Make sure only sites that will make profit within a month go into the YES pile, the others go into the later pile until you get some money and time

 

Good ideas, thanks for the answer.

 

Think Offline

I love anime, so I started selling anime toys. On a good month I make $4000 selling only on some conventions. On bad months I get like $500 but if I had the capital to rent a good store I could easily make 10k-30k wholesaling and retailing.

 

You still live in Chile? Im just curious to find out anime is popular there?

 

It's becoming increasingly popular.

Last convention there were 3000 persons and I'm expecting 2 more events like that before the end of the year. Not bad for a country with only 15 million people.