Calling all Digital Warriors:
Are you tired of working your butt off and not seeing any money from your effort? I know I am.
One of the key differences between people who make money with online marketing and those who dabble for awhile and quit is their understanding of niche marketing. The internet marketing money makers who have preceded you understand the depth of what internet millionaire Steve Olcher teaches:
“The riches are in the niches.” –Steve Olcher, Internet Training Guru
Let me make this real simple.Besides having a website as a platform to promote the products and services you offer, you need three things to make money online:
1.A specifically targeted, starving crowd of people (The Right Audience)
2.A good understanding of what your audience needs(Understand Their Urgent Pain or Burning Desire)
3.A top solution to the problem/need they have(The Money-Making Solution)
Prior to joining Wealthy Affiliate I built three websites.When I say “I built” what I mean is I hired a web designer to build my sites. The sites were beautiful to look at but I didn’t make a dime.
Truthfully, coming from a middle class back ground with a hopeful belief in “work hard and you’ll make money” that was a hard fact for me to face. My first fleeting thought was, “I guess this internet stuff doesn’t work.”
Thank the Good Lord that was a fleeting thought. You see, I’m somewhat of a serial entrepreneur.I’ve been self-employed for more than twenty years.
Like any entrepreneur, I learned to tweak my business model, roll my sleeves up and hunker down to learn what I need to know and do in order to hit my money success goals. If you are not making money in your online or off-line business, common sense says you need to figure out why and fix it.
And you wouldn’t be the first entrepreneur to start in one direction and make a shift in pursuit of ultimate success.Henry J. Heinz did that.He started out manufacturing horseradish and failed forward into his niche of “Heinz 57 Sauce” and several varieties of ketchup.Once he hit on the right formula, he went on to make a fortune.
Your fortune begins by identifying a profitable niche. Some would argue that every niche is profitable but I disagree.A profitable niche for you is one in which you have a passionate interest and can build enough expertise in to stand out among competitors.
So yes, selling pony tail clips and sparkling shoelaces to pre-teen girls can be a huge seller but it’s not a good niche for someone with no day-to-day knowledge of teeny boppers and no desire to work the business of marketing to them.
Notice I said, “can build enough expertise”. That means you need some knowledge of your subject area but you do not have to start off by being an expert. Expertise leads to authority and your authority will be built over time as you continue to research and create valuable content for your website.
In this training module you will learn:
1.What is a niche?
2.Four ways to identify a niche
3.The top 3 questions you need to answer before determining your niche
4.Identifying big market categories and breaking them into niches
5.Breaking niches into profitable sub-niches
6.Finding the pain in your starving audience
7.The Importance of Keyword Research in determining your niche
8.The Five Minute Niche Profitability Test
Let’s get started!
I was thinking of sharing my life experiences.. for example, how do i manage with unemployment, sister's marriage, life after graduation.. basically telling people out there that it is okay to go through it, i have gone through it, this is what i did.. i wonder where does this category fall under?
Could it be self help? unemployment?
Would be great to get opinions from you and anyone who can relate to my train of thoughts!
Thanks!
Reply
I have something of the same idea but i have no idea of how it can be profitable as a niche. I am a realtor and aspiring christian speaker to women's groups. I speak to women from my own experiences, abuse, death, infidelity, divorce and how they can get from heartbreak to where God wants them. In the real estate market I have been an expert on getting people home loans even when it seemed impossible. I have just started my ministry
and I am in the process of getting speaking engagements set up. If i can find an answer for my niche I will pass the informatoin on to you, please do the same for me.
Wishing you great success in your online business.
God Bless, Judith
You really have opened my eyes to finding a profitable niche. I have toyed with a couple of different niches but I couldn't decide on one that I thought would either be profitable or me having enough knowledge to make my site authoritative in order to drive traffic and potential customers to a website.
I am going to read your training again possibly a few more times and take notes.
The training here at WA is beyond words how good it is but they ask you to pick a niche in the beginning of the training and create a website based on that niche but they do not go into detail like your training here and I think it confuses members on what is the best niche to pick just as i have experienced but I think after reading your training it will give me a better understanding of what to decide on for a good profitable long lasting niche.
Thank you Again,
Craig
This was very well done, while being thoughtfully laid out for the student reader. I was really intrigued and impressed by the level of sophistication and expertise, which was evident in your presentation.
The material also contains an exceptionally high level of focus, on the relevant subject matter, while going into lengthy detail about the specifics involved (how it works).
Yet as I've seen before with Wealthy Affiliate Lesson plans it was pleasantly straight forward and was rather easy to comprehend due mostly to its clarity.
Finally, I enjoyed following along with your step by step concepts through how to actually profit online, because they really did illustrate quite well to me, where the money is.
Again, thank you so much for sharing this, because it was truly an awesome learning experience for me!
Redundancy, retirement, marriage, divorce, children, grandchildren. - Why did you start with Wealthy Afflilate? - Helpful if you decide the to follow Bootcamp.
What are your hobbies, interests. Sports ( any).
Why do you do the things you do?
Where to get your pets next Halloween outfit?
What problem do you want to help people with and provide them with solutions for?
I hope that is a little helpful. J
It seems I've been living this niche for the last 30 years.
Now I know something about it to write about i!
I think in everyone out there that there is some inner thought will eventually rise to the surface of your mind and you can use it!
I hope to have my site up soon and will show you what I mean!
