Everything we do should be based in research to see if there is a market for what we do and what type of associate products we can sell. Doing this will enable us to almost definitely guaranteed to make sales.
Doing the proper research is the best insurance there is to finding and forming a successful niche business online.
Without research, it’s like “pin the tail on the donkey” blindfolded.
Too many entrepreneurs make up their mind early and begin without research — a fatal flaw that causes a staggering death rate of new online businesses.
If the research does not back up your product then you will have to decide if you are willing to take the risk or maybe you just have to rework it a bit. When I built the teleprompter not many people wanted just a scrolling screen but when I added audio recording to it then the whole market changed.
My Photoshop blog site was a disaster however I turned it into a paid site and added some unusual ways of using photoshop for the beginner and it became quite profitable. So nothing is a waste or mistake just sometimes it needs reworking. http://msiphotoshop.com I have now turned it into a free site since retiring.
Specialize first then branch out.
Why Niche Marketing?
Niche marketing is one of the easiest ways to cut your teeth in the world of Internet Marketing. It’s very easy to dominate a small niche because, by definition, there’s less competition. Having said this we don’t want to go to far off the beaten track to start with.
What is Niche Marketing?
Definition: The process of finding and serving small but potentially profitable market segments and designing custom-made products or services for them. In other words, Niche marketing is when you focus in on a smaller part of a bigger market.
Instead of marketing “golf”, for example, you may choose to market “golf balls” or “Top Flite golf balls”. The further you dig into a niche, the less competition there is and the easier it is to become the “expert”.
Of course, don’t forget that when you dominate that niche you can expand out into the broader markets successfully.
The Advantages of Niche Marketing
- Make money faster
- Easy for a beginner
- Dominate a market quickly
- Less competition
- Easier to get free search traffic
- Easier to create a product
- Less expensive to market
The great thing about niche marketing is that there are new niches being created almost every day and you don’t have to be an expert to find them! It’s all about supply and demand. During this course, I’m going to show you exactly how to properly research this field so that you know exactly where to find hungry markets that are in need of a product that nobody is giving them.
Imagine being the first person to deliver a product to people who are begging for it! What do you think is going to happen when you are one of the few people selling the product and you have very little competition? You will make good money!
Here is a video from the course which goes into it more.