I realize that this is a matter of opinion, and I would like to hear yours on this famous Lynn quote:

"If you truly want to make money online, and have a successful internet-based business, you absolutely must continue the process. All the way from start, to profit."

My question is, is there a point at which this is not the tried and true rule? If you have a website, and have followed a bunch of steps, created pages on a bunch of Web 2.0 sites, gotten a bunch of back links etc. and are still not making much if any profit.

Is there a time when it is better to write off a niche or idea as not being worth the time and effort? To cut your losses so to speak. If so, at what point do you think that is?

Any input would be appreciated.

Thanks,
Kathleen