Five Steps to Niche Marketing Success
* Niche Marketing Secrets *
* Hot Markets * Useful Tools *
If you have been trying to make money online for any substantial period of time, you have probably heard at least once that niche marketing is the way to do it. There is good reason for this. It can be very lucrative to focus on your own carefully selected markets with far less competition & potential for easy profit.
But understanding the benefits of niche marketing, and actually making a consistent income from niche marketing are two very different things. What really is it that allows some niche marketers to achieve incredible success, while others haplessly flounder? While there are a number of elements, here are the main ones that I feel to be of key importance in obtaining the online income you desire.
1. Knowledge
It seems crazy to say, but despite all of the info products, articles, forums, free reports and blog posts, a lot of people still find it hard to nail down specifics on how to locate profitable niches.
The problem, of course, is information overload. It's not a lack of information, but rather too much information. Sorting through the various Internet programs to find what really works and what doesn't becomes the main challenge. That's where I come in. I've sifted through all of the scams and B.S. This article will give you EXACTLY the info you need.
2. You Need The Ability To Find Good Niche Markets
The quality of your niche market (in terms of supply and demand present online) can be the determining factor in you making $100 per month or $10,000 per month. The ability to hunt down high quality, highly profitable niche markets that are easily dominated is vital to your niche marketing success.
Now I know you're probably saying to yourself, Well, Duh! I already know that the first step to niche marketing is finding the profitable niches to begin with. That's the problem Big John - every niche marketing "expert" tells me to find good niches - but they don't explain HOW!!!
Well you know what? Not that long ago, I was in the same frustrating situation. I finally got so sick and tired of being told to "Find a niche and dominate it" that I committed to doing the necessary online research to authoritatively answer this one question. The result? I discovered not one, but More Than FIFTY ways that practically anyone can use to find profit-generating markets!
My research will allow YOU to FINALLY find those profitable niches that will CONSISTENTLY make money for you. Click on any of the links below to learn how the Internet Marketing "Gurus" actually find all of those great ideas!
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3. Have A Plan
You need a precise and predictable plan that can be repeatedly implemented in order to capitalize on great niches when you find them. Whether it's selling info products, or making content websites to promote affiliate programs, you need a system that you know works so when you find a great niche market, you know exactly the steps to take to start sucking the cash from that market immediately.
4. You Need MANY Sites
While it's possible to start profiting immediately from a single site, if you really want to make the kind of income you'd be proud of from your niche marketing, you're going to need a bunch of niche sites.
When I say "have a bunch of niche sites", I mean create, promote and continually update and manage a bunch of niche sites. This can be a tricky task and is the primary stumbling block of most niche marketers. To make a site here or there is easy, but managing a Niche Site Empire, so to speak, requires a lot of work.
So what exactly is a Niche Site Empire you ask? It's a cluster of small but profitable mini sites that is continually growing. New sites are continually being added and the old sites are continually being maintained, fed new content, improved etc.
The principle of creating a niche site empire is that not every site you create will be profitable but by making them in large numbers you will be testing first hand which niches are the most profitable and which aren't worth your time.
Think about this: You know the 80/20 principle right? That 20% of your actions will account for 80% of your results? The same applies to niche marketing. 80% of your income will come from just 20% of the sites you make. While this isn't a bad thing, it does mean that 4/5 sites you make won't be as profitable as you'd like but 1 in 5 sites will be an absolute home run.
So that means to find that home run, killer niche site that can do 4 figures a month on its own, you have to have the ability to create 5 niche sites. Are you following? It means the chances are if you want 10 great, super high profit niche site you'll need to pump out 40 or 50 sites to find those 10.
Now it seems like those are bad odds and it is true that the majority of people trying to make money from niche marketing aren't going to do what it takes to find those 10 profitable niches and sites.
But that's only because creating the kind of empire I'm talking about has in the past been too difficult. Building sites, then promoting them, then updating them, then managing them can be a nightmare if you're trying to do it alone.
We are fortunate that today the information and resources required to help someone make create such an empire are more readily available.
This means that with the right attitude and a little bit of old fashion dedication, anyone can become an online and niche marketing superstar.
5. Resources
Resources are the only thing that can take someone from an every day niche marketer to a phenomenal one. Fact is that you can't do it all yourself and there comes a point where you need either people, or software to help automate some of your niche marketing processes so you can continue to produce the same profitable result on a continually growing scale.
The truth is anyone can do it. Don't let anyone tell you that it doesn't take work because it does, but with a combination of the above info, the average niche marketer can attain the dream income they envision.
Even for someone looking to get started, not wanting to spend a lot of money but still wanting to generate a decent income, there are ways of setting up niche sites, for as little as $10, without needing your own product or mailing list to start making money.
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| Michael_S
I really enjoyed reading your 5 steps to niche marketing. I rated it 5-stars. Please feel free to visit my lens Posted June 26, 2008 |
|
Junyuan
That is one great lens detailing the 5 steps to niche marketing success. Every piece of information is organized in such a great way, in a step-by-step manner that makes it very readable, and easy to understand. Superb stuff! I've given you a 5 star rating for your lens, and added it to my list of Squidoo favorites. I've also have a lens setup on how to find red hot, profitable niche markets. Feel free to visit when you're free and let me have your comments. ;) Cheers! Posted June 12, 2008 |
| SylviaVictor
Hey awesome lens...Check out my lens at Business Network"> Posted April 11, 2008 |
| Andre
Hi Big John. This really is a great lens with a lot of really useful info. - Definitely worth the 5 stars I gave you. I'm have a lens on Niche Marketing. Let me know what you think and rate it for me. Andre:) Posted June 07, 2007 |
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flaminglacer
Glad to have you as a member of the Make Money Online Group - drop by the Group HQ sometime and see what is there for you. Posted June 05, 2007 |
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Acne_Medicine
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| Organic_Skin_Care
Great Lens! Posted May 18, 2007 |
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