With people multi-tasking more and more, what should you do to increase your profits on the Internet? Multi-task? Of course not! The majority of people fail online. If you want to succeed, you've got to do some things differently.
And that starts with being focused. Become a specialist in a niche. Master one traffic generation strategy until you become almost flawless with it. If you don't focus your efforts on one area, you will simply be spread too thin to become an expert at anything. You will simply become a jack-of-all-trades and a master of none. And that's not something you'd want to be!
Learn to be a master of one or two niches. Be a master of one or two traffic generation strategies. Be good in the rest. When you are a master of a niche or a traffic generation strategy, you will gain a huge market share and get a large piece of the pie in that area. It's far better than getting small, insignificant pieces of many pies!
Not to mention, your credibility also goes up if you're an expert on a particular niche topic. If you dabble in several businesses, you are going to lose credibility because people simply won't believe you can give expert advice on so many topics. People are used to listening to specialists on a subject. When you have gained a certain level of mastery, people will begin to ask you for advice and actually pay you very good money for it.