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The keys to being successful with an online business are diversification, diligence, and persistence. Unfortunately, a single revenue stream is often not enough to create a full-time income, especially if you are depending only one website. Most successful online entrepreneurs continually expand their network of websites by building new sites and entering new niches on a constant basis. Rather than giving up and becoming disheartened when one endeavor does not go your way, you should grab motivation and experience from such occurrences and begin working on a new endeavor. In order to continuously expand your online reach you need to build new websites and have access to your own network of sites.

Diversifying Your Business through Several Websites

In the online world, each website that you own represents a new business opportunity – the ability to penetrate a new niche and begin creating a new revenue stream. With each revenue stream you can significantly increase your monthly and yearly income gradually. Unfortunately, if you operate your entire online business through a single website, you’ll be unable to adequately target multiple markets and optimize your site for keywords that are commonly searched for in search engines. As you continuously explore new niches and business opportunities online, you’ll undoubtedly be registering multiple domains. In fact, the average webmaster registers about 10 domains per year.

Recognizing the Importance of Multiple Domain Hosting

Although the majority of hosting providers offer plans that allow for the hosting of an unlimited amount of domains, it is still important to ensure that your hosting plan includes multiple domain capabilities. It is, however, important to note that although a plan may allow you to host an unlimited amount domains, this does not mean that you have access to an adequate amount of server resources to host more than several hundred domains simultaneously. Each website that you associate with your web hosting account consumes server resources, and therefore places an additional burden on your hosting Web server.

Security and Business Presence

By owning a network of sites you can efficiently build links to your main sites in each niche, and also have smaller websites within the same niche that are designed to funnel traffic to your heavily monetized sites. This can improve conversion rates by allowing you to introduce presell articles and concepts to your site visitors and it can also diversifying your search engine optimization efforts. You will also be able to create more leverage within each industry/niche because you’ll have a significant online presence, which ultimately results in thousands of unique visitors within your control on a daily basis. When new products or services are released in each industry you can take advantage of their popularity instantly using one of your many sites within your network.

If you are planning on selling products or services or accepting payments on your website then you need an SSL certificate. Therefore, it is important to make sure that your web hosting plan includes capability to host a wildcard SSL certificate (at SSL certificate can be used on my website), or you’ll have to purchase multiple web hosting plans in order to gain access to multiple SSL certificates.