A Money Making Niche
If you want to make money in any niche, you must first understand that niche completely… Paying attention to everything including your competition, your target customer, the industry and its trends and areas that are not being exploited all come into play… Someone I know decided to become an expert seattle realtor. Before they even got in the game, they spent countless hours researching everything there was to know about the subject, finding what the customer wants that the market isn’t providing is crucial!
I was hanging out with a friend of mine last weekend and she seemed to be distracted and distant… I asked her what was wrong and she proceeded to give me this long drawn out story of a big project coming up at work and the fact that there aren’t enough people working on it due to recent layoffs. She was really bummed and said that she thought it might be the end of the company soon. Unfortunately, I find it hard to relate because I’ve been able to make money on internet for quite some time now and I’m not afraid of loosing my job due to the fact that I’m self employed… Honestly, after knowing what I know now, I would never want to trade shoes with her.
There are almost a million ways to pay the bills but the ones that rich people like to do most often seem to revolve around passive and residual income. Niche marketing on the internet is extremely centered on gaining passive revenue streams… I know a event photographer in seattle that has done very well positioning himself in a niche and building a portfolio of stock images that generate him a very nice income stream.
The point is that niche marketing is extremely important when trying to sell a product or service. Focusing on a single effort makes a lot more sense then trying to push a broad range of unrelated topics… Why work twice as hard to be half as successful? It doesn’t matter if you’re a seattle photographer, a seattle real estate agent or an ambitious salesperson trying to make money online, with determination and effort you will reach the top of your niche!