The Riches Are In The Niches
There are many ways to make money online and most of them really do work. But what if I told you that there is even a easier way to leverage your skill set into revenue doing something you already enjoy?
I know that many of you guys who never sold anything online might find this possibility hard to believe. The sad thing is that most people are programmed into thinking that the only way to make money online is through auction sites like eBay.
Now don’t get me wrong it is true that auction sites do work for generating income but to master your passion you need to first figure out what you want to market online. If you have hit a brick wall and need a better solution to finding out what to sell then let me help.
I think the easiest way to make money online is to create a niche website. Let’s talk about some things that might help you decide if this is the kind of business model that works for you.
What Is A Niche website?
A niche website is a kind of like a (themed based website) that is mostly focused on one product, market segment or just one thing. For example if you are into basketball then that would be your niche topic your business is based around.
That would be your general focus around your websites content that you could write a variety of topics and categories around and then monetize your website for profit. Yes it is really that simple and this kind of a business model is extremely effective at growing your business to the point of a six figure income when done correctly.
Where Should I Start?
I always suggest that people stick to something that they are knowledgeable with and leverage that into a website. I think the most success in this or any business for that matter comes from a passion. You have to do something that you can stick with in order to really enjoy what you do.
I think of it kind of like eating at a fancy restaurant and order the worst thing on the menu. You might eat the meal instead of sending it back but what since is it committing to something you don’t or simply can’t enjoy? I also feel that there is absolutely no time like the present for starting your business. Now best of all if you already figured out your niche, then you should start your business today!
Micro Niches Are Also Effective
Micro niches are niches within a niche. I know that might sound like a tongue twister if you say that five times fast but that is exactly what it is. I know that I for one love this approach and you can trust your buddy Derek Bingham that I use this kind of niche myself.
It is kind of like if you crochet then you might decide to write only about crocheting sweaters. Trust me that there are many people out there that would love to find out how to make a sweater.
The keyword crochet sweater pulled up 1,270,000 results alone this month on Google. I hope you are you starting to see the potential here? If you are not getting it folks then I suggest you better!
This unique but popular way of marketing online is just one of the ways I myself make money online. But I promise you that it is not something to sleep on and you should take a deep look into finding your own niche. Remember that the money starts in the niche that eventually ends up becoming the list. We will discuss list building in future post but for now try finding your niche for yourself and we will talk again later.
“Until we meet again stay motivated on success and focused on your goals.”
DB Out!
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Hey Derek
I agree, the riches are certainly in the niches, great saying btw!
Niches are particularly important to any online business, including e-commerce or retail. I own a lot of ecommerce stores and have learnt from past mistakes and trying to be too broad in what I am selling, which is why I have far too many stores currently on the go. I had to divide up my larger ones into the smaller niches, now they are more profitable than ever
Great post
cheers
Nat
.-= Nat´s last blog ..My Top 10 Tips On Moving Yourself Forward =-.
That’s right Natalie,
I think that sometimes to be more effective in your chosen niche you have to go micro. I think that gives you a better chance at getting your customer base up of loyal buyers. This tactic has also been much more effective for me on my other sites as well.
DB Out!
Hey Derek,
Great post my man, after you left a comment on my blog I was immediately drawn to the title of this post in the comment luv area. And the great title was backed with great value, there are many bloggers out there who are offering very broad topics, in terms of personal branding and linking your name to a niche it becomes very difficult if you offer content on a wide range of topics.
Discovering your passion/niche is definitely the way to go. Look forward to seeing more from you buddy.
.-= Frank Profeta´s last blog ..Do You Have a Plan to Monetize Your Blog Includes Free Download =-.
Thank you Frank! I think the funny thing about me is I honestly enjoy what I am doing opposed to feeling like I have to write just to write. It makes since in my eye to connect with your internal passion first then the rest just flows out you know what I mean? I appriciated the comment fully Frank. Thanks!!
DB Out!
I believe this for sure.I also feel when marketing yourself or your niche you will get better results using video. Figuring out what you want your niche to be is the first step.
.-= Beverly Monical´s last blog ..BodyLastics 90 Day Contest and Challenge =-.
Hey Beverly,
I totally agree with you that “video” is a great tool for marketing. I myself have plans to invest more time in video in the very near future. I feel it allows you to connect with everyone on a more personal level.
Thanks bro for such a great resource… It was a very helpful read!
That is something I was struggling to pinpoint for the first two months in my blogging,
so now I have found my niche and micro niche its all about creating the content…
Thanks a million bro!
Hey Christopher,
You are very welcome and I am happy that you found my content useful for your business. I will go deeper into niche marketing soon so I hope to see you around here more often to benefit. If you need any help with anything remember you can always reach out to me and I will try my best to help.
DB Out!