what a refreshingly useful thread!
as per most of the posts here, I have mulled over diversification.
@timsk: good to hear there is a network marketing model that works. I have toyed with FLP myself, but talked myself out of it.
bbmacs point about exponentiality really is the key point. doing the same thing, but making more by virtue of scaling. thats the essence of why trading should be seen as a primary activity.
The points made about web-design: there are so many templates of so many platforms, I would suspect that providing clients with good advice is better than having technical knowledge. This is my personal experience, and I come from a techy background. You would be MAD to start a design from scratch! Its all "lego", you get the components and stick them together.
I have looked at SEO and web-content, but early days, so no real experience to relate.
There are many "business opps" on franchise websites. But, once you dig down, its usually something you could potentially do yourself, but with the added advantage of a brand. I am toying with new B2B consultancy ones.
If you have any business knowledge, especially coming from sales or corporate, you could sell into SMEs.
Quite a lot of the ideas suggested so far have been selling to customers, ie, B2C.
Maybe I am being snooty, (actually I cant stand the great unwashed plebs), but I suspect selling services to SMEs might be a better bet than joe-shmoe.
From personal experience, I have been running a recruitment side-line to my trading.
I suppose its whether you want to make £1-£5 per sale, and have many sales, or make £100-£200 per sale and make fewer.
When consulting, I suspect you could sell your time at £500-1,000 a day.
I really like the recent insights regarding the housing sector. There have been quite a few "sale by auction" boards in some parts of my town.
As an aside, its interesting that MLMs have all the things we hate about trading-bots and vendors, in that the selling points are "no selling", "no customers", and "make a fortune" etc.
These kinds of MLMs seem to target the weaknesses of the potential client.
I hope to be able to add a few ideas here in the coming weeks, assuming it hasnt been lulzed out.