Listen, I suck at writing. So although I do know the enter key and can make paragraphs, comprehending is your job. Sorry. This is why I use the good content writing services of GeekCognito. 
Also, this is geared towards newbies and all others in the research phase.
Anyway, I made the mistake of putting all of my eggs in one basket and focusing on only one niche with many domains and various types of sites for several years. Until recently, I was satisfied that I was self employed and got extremely lazy. I basically took a complete year off and only answered emails to get sales completed. No new websites, no new link building efforts, no nothing. Then it happened; The niche market I was in crashed pretty bad. I was getting 20-40% of the sales I used to and I had the obvious bills to pay (no side jobs).
So, back to the drawing board. I did some affiliate marketing research like I did several years ago and got busy as hell reading, reading, and reading more. Then I found this forum through a newly found friend in a new niche market I was getting ready to begin promoting.
Now I have a plan that will work based on all of my research, careful market analysis, and heavy study into my future competition.
What am I getting at? Oh right. MAKING MONEY.
So What is My New Plan?
My plan (which is already working btw) is to build long term websites that will build rank in heavy competition fields over time. This means, quite a bit of work but a much bigger payoff.
How Will You Get Started?
Well, my previous experience is all in web development. I am pretty good in Photoshop to make a decent effort at building professional looking websites. My weakness is anything to do with programming. I refuse to learn PHP, I only can manipulate PHP once it is written.
So it is very obvious I will need some bankroll to hire any programming I need. You will need even more cash if you refuse to learn how to make a template, how to HTML that template, and learn PHP or other programming language.
Therefore, what I am saying is you need to identify your strengths and weaknesses. Once you have that, you'll know exactly what you need to get started.
The Plan
I am a huge fan of having major content sites. I love them. They help me in more ways than you realize. With a major content site available, you have the power to easily get other related sites indexed by google by simply dropping a link or two on that site.
After 3 months of research on WickedFire (I think I've read about 85% of all posts), I knew it was time to act on all my new knowledge. So I went on elance and hired PHP development firms in Pakistan, India, and a couple other countries. I knew I wanted a major content site for each major niche so I opted for user submitted content sites. These sites focus on getting the customer to submit reviews, tips, and other tidbits via forms. Since I want to be a baller, I took some risk and hired quite a few projects to be done all at once.
Now that my new major content sites are being developed, I started researching and buying new domains for my new niche network. I will have one major content site for each major niche, for which, I need to hire out the programming to get it developed. That one major content site (100,000+ pages) will feed (link to) my smaller domains in the same niche. In other words, as an example:
niche.com - Major Content Site with 100,000+ pages
- nichekeyword.com - Linked to from niche.com from several internal related pages
- nichekeyword2.com - Linked to from niche.com from several internal related pages
etc.
The nichekeyword.com domains can do anything from offer specific deals for an offer (20% off coupon), target different popular keyword sets within the same niche (keyword research people!), a keyword rich blog for refined keyword targeting in natural SERPS, and much more.
The Payoff and Awesome Snowball Effect!
That was a lot of work! Now we get to see some results.
Niche.com gets lots of free content by users who submit to it. Those users also link to their submitted content for bragging rights on many locations such as blogs, forums, etc. Their bragging gets me much needed backlinks. My popularity due to those backlinks in all search engines go up. My links to nichekeyword.com domains from niche.com become stronger. Therefore, those nichekeyword domains become more popular and start driving their own sales.
Nice cycle isn't it?
Once I am satisfied I have saturated this niche enough, I move onto the next market and do the same shit all over again. By then, hopefully you'll be making enough cash to easily hire people without thinking twice. Or, if your like me, once a comfortable amount of cash is flowing, you'll actually take the time to learn your weaknesses better (for me, php programming).
Notes
First, hiring a lot of development projects all at once is probably a bad idea and unnecessary risk. I took on a lot of business write off debt to get these projects started. It is very hard to keep track of all projects and keep on the programmers to keep shit moving forward. Testing bugs, making suggestions, and working out other minor kinks can be confusing when you are doing more than one project at a time. Be prepared!
Your new major content sites will not skyrocket from nowhere right from the beginning. You need to help it along in the early stages. Building your own links (1000+ directory submission services, like from Kamesh here at WF help), submitting your own user generated content (hi GeekCognito, you rock man!), and lots of time and patience.
While waiting for the Google Gods to love you, build your satellite sites so you'll have the network you need to focus your keywords on. Never stop working. Don't be an idiot like me and get lazy. Ignore short term sales (they will be slow to start) and keep focused on the long term.
Least of all, act. Act. ACT! If you don't spend a hurtful amount of money now, what will drive you to keep pushing forward to earn that money back? Finally, remember, no risk, no reward.
Enjoy the post. Now my guilt for taking all the tips from this site and not providing good shit in return can subside. Yeah, it took me an hour to write this, good enough!

Also, this is geared towards newbies and all others in the research phase.
Anyway, I made the mistake of putting all of my eggs in one basket and focusing on only one niche with many domains and various types of sites for several years. Until recently, I was satisfied that I was self employed and got extremely lazy. I basically took a complete year off and only answered emails to get sales completed. No new websites, no new link building efforts, no nothing. Then it happened; The niche market I was in crashed pretty bad. I was getting 20-40% of the sales I used to and I had the obvious bills to pay (no side jobs).
So, back to the drawing board. I did some affiliate marketing research like I did several years ago and got busy as hell reading, reading, and reading more. Then I found this forum through a newly found friend in a new niche market I was getting ready to begin promoting.
Now I have a plan that will work based on all of my research, careful market analysis, and heavy study into my future competition.
What am I getting at? Oh right. MAKING MONEY.
So What is My New Plan?
My plan (which is already working btw) is to build long term websites that will build rank in heavy competition fields over time. This means, quite a bit of work but a much bigger payoff.
How Will You Get Started?
Well, my previous experience is all in web development. I am pretty good in Photoshop to make a decent effort at building professional looking websites. My weakness is anything to do with programming. I refuse to learn PHP, I only can manipulate PHP once it is written.
So it is very obvious I will need some bankroll to hire any programming I need. You will need even more cash if you refuse to learn how to make a template, how to HTML that template, and learn PHP or other programming language.
Therefore, what I am saying is you need to identify your strengths and weaknesses. Once you have that, you'll know exactly what you need to get started.
The Plan
I am a huge fan of having major content sites. I love them. They help me in more ways than you realize. With a major content site available, you have the power to easily get other related sites indexed by google by simply dropping a link or two on that site.
After 3 months of research on WickedFire (I think I've read about 85% of all posts), I knew it was time to act on all my new knowledge. So I went on elance and hired PHP development firms in Pakistan, India, and a couple other countries. I knew I wanted a major content site for each major niche so I opted for user submitted content sites. These sites focus on getting the customer to submit reviews, tips, and other tidbits via forms. Since I want to be a baller, I took some risk and hired quite a few projects to be done all at once.
Now that my new major content sites are being developed, I started researching and buying new domains for my new niche network. I will have one major content site for each major niche, for which, I need to hire out the programming to get it developed. That one major content site (100,000+ pages) will feed (link to) my smaller domains in the same niche. In other words, as an example:
niche.com - Major Content Site with 100,000+ pages
- nichekeyword.com - Linked to from niche.com from several internal related pages
- nichekeyword2.com - Linked to from niche.com from several internal related pages
etc.
The nichekeyword.com domains can do anything from offer specific deals for an offer (20% off coupon), target different popular keyword sets within the same niche (keyword research people!), a keyword rich blog for refined keyword targeting in natural SERPS, and much more.
The Payoff and Awesome Snowball Effect!
That was a lot of work! Now we get to see some results.
Niche.com gets lots of free content by users who submit to it. Those users also link to their submitted content for bragging rights on many locations such as blogs, forums, etc. Their bragging gets me much needed backlinks. My popularity due to those backlinks in all search engines go up. My links to nichekeyword.com domains from niche.com become stronger. Therefore, those nichekeyword domains become more popular and start driving their own sales.
Nice cycle isn't it?
Once I am satisfied I have saturated this niche enough, I move onto the next market and do the same shit all over again. By then, hopefully you'll be making enough cash to easily hire people without thinking twice. Or, if your like me, once a comfortable amount of cash is flowing, you'll actually take the time to learn your weaknesses better (for me, php programming).
Notes
First, hiring a lot of development projects all at once is probably a bad idea and unnecessary risk. I took on a lot of business write off debt to get these projects started. It is very hard to keep track of all projects and keep on the programmers to keep shit moving forward. Testing bugs, making suggestions, and working out other minor kinks can be confusing when you are doing more than one project at a time. Be prepared!
Your new major content sites will not skyrocket from nowhere right from the beginning. You need to help it along in the early stages. Building your own links (1000+ directory submission services, like from Kamesh here at WF help), submitting your own user generated content (hi GeekCognito, you rock man!), and lots of time and patience.
While waiting for the Google Gods to love you, build your satellite sites so you'll have the network you need to focus your keywords on. Never stop working. Don't be an idiot like me and get lazy. Ignore short term sales (they will be slow to start) and keep focused on the long term.
Least of all, act. Act. ACT! If you don't spend a hurtful amount of money now, what will drive you to keep pushing forward to earn that money back? Finally, remember, no risk, no reward.
Enjoy the post. Now my guilt for taking all the tips from this site and not providing good shit in return can subside. Yeah, it took me an hour to write this, good enough!