Is " Personal Development " a PROFITABLE Niche ?

Banned 9 years ago

Originally Posted by Allboost

Hello Marketers , I am new to this website and I am planning on creating a blog to Promote Affiliate offers Later , And I am asking whether Personal Development and more precisely " Motivation and success " , I do have good giveways for this , my issue is just That I am not sure whether I can profit from it , Are there enough and good quality products to promote ? and which affiliate networks are more suitable to this niche ? If Not then which niche can you please recommend to me , which is less competitive and having quality products ?

Repeat after me...

Exploit your experience.
Exploit your experience.
Exploit your experience.
EXPLOIT YOUR EXPERIENCE
EXPLOIT YOUR EXPERIENCE

The best niche is something that you know a lot about that other people would want to know about. Oftentimes, this is found when you look at your own experiences, expertise, education, etc.

No one can tell you what the best niche market is because what's great for me probably won't be great for you. And vice versa. Maybe you're into spiritual stuff. I'm not. Get it?

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4 replies

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Steve B

9 years ago

I would also add . . .

Start with doing market research. It will answer all the questions you're asking about competition, products, meeting demand in the marketplace, whether you should be able to profit from the market, etc.

Dig in initially and treat this like a professional business and you can be successful. Treat it like an experiment or a hobby and you will probably fail.

Steve

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1 reply

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Allboost

9 years ago

Originally Posted by Steve B

I would also add . . .

Start with doing market research. It will answer all the questions you're asking about competition, products, meeting demand in the marketplace, whether you should be able to profit from the market, etc.

Dig in initially and treat this like a professional business and you can be successful. Treat it like an experiment or a hobby and you will probably fail.

Steve

I think what you are talking about here is not Newbie-Friendly , right ? However , I am a student in the faof economics and did study Intro to Marketing , Enterprise Organisation .. I think it relates and will help .. Thank you anyway

Thanks
1 reply

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Steve B

9 years ago

Originally Posted by Allboost

I think what you are talking about here is not Newbie-Friendly , right ?

It doesn't matter if you are a newbie or not. I'm suggesting every serious business person should look into a market before he/she jumps in and decides to do business.

Granted, more experienced online marketers will understand the concept of market research better than most newbies. But that's simply because the have the experience of understanding how important it is to sell into market demand. There is nothing more important that you can do for your business in the very beginning.

There are lots of threads about researching a market to find what is selling well, what to avoid, how to find out what customers are looking for, how to size up the competition, how to see if there are gaps or holes in the market that you can fill, how to find your perfect customers . . . and much more.

If you don't start with this, chances are you're going to be assuming you know what the market wants. Save yourself a lot of wasted time and effort be doing research before you commit to any sales model or affiliate program.

Make use of the search function on this forum to learn what you need to know.

Steve

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jodiesmitham

9 years ago

Hi Steve,

I've been reading some of your posts, which are really helpful. Whilst I have a lot of knowledge in other areas of IM, I am not so hot on market research. I have used the search on the WF to find a suitable step by step on market research, but can't find anything specific. Can you point me in the right direction please?

Many thanks,

Jodie

Originally Posted by Steve B

It doesn't matter if you are a newbie or not. I'm suggesting every serious business person should look into a market before he/she jumps in and decides to do business.

Granted, more experienced online marketers will understand the concept of market research better than most newbies. But that's simply because the have the experience of understanding how important it is to sell into market demand. There is nothing more important that you can do for your business in the very beginning.

There are lots of threads about researching a market to find what is selling well, what to avoid, how to find out what customers are looking for, how to size up the competition, how to see if there are gaps or holes in the market that you can fill, how to find your perfect customers . . . and much more.

If you don't start with this, chances are you're going to be assuming you know what the market wants. Save yourself a lot of wasted time and effort be doing research before you commit to any sales model or affiliate program.

Make use of the search function on this forum to learn what you need to know.

Steve

Thanks

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Allboost

9 years ago

First of all , Thank you very much for your great posts

Originally Posted by Roth

Repeat after me...

Exploit your experience.
Exploit your experience.
Exploit your experience.
EXPLOIT YOUR EXPERIENCE
EXPLOIT YOUR EXPERIENCE

The best niche is something that you know a lot about that other people would want to know about. Oftentimes, this is found when you look at your own experiences, expertise, education, etc.

No one can tell you what the best niche market is because what's great for me probably won't be great for you. And vice versa. Maybe you're into spiritual stuff. I'm not. Get it?

What I have been good at , is security , I have been testing viruses and so on .. I have good experience in that , Can I Monetize this niche as well ?

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3 replies

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Roth

Banned 9 years ago

Originally Posted by Allboost

First of all , Thank you very much for your great posts.

What I have been good at , is security , I have been testing viruses and so on .. I have good experience in that, Can I Monetize this niche as well ?

You're most welcome. And yes, you can absolutely monetize your experience in web security. I know a few people including my brother in law that make well over six figures as penetration testers for different companies. (penetration meaning web security. Hacking their sites for the purpose of patching web vulnerabilities)

So even if you're not a crazy expert hacker, you can put your knowledge and experience to use. You could do a site that is all about web security and promote anti-virus and security software. Target online entrepreneurs, small businesses, and even big businesses.

I would definitely recommend that you pursue a niche like web security that you know a lot about, versus anything else. You'll do much better for yourself, and you probably won't have as fierce as competition as you would if you attacked a larger market.

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Samuel Adams

9 years ago

Originally Posted by Allboost

First of all , Thank you very much for your great posts

What I have been good at , is security , I have been testing viruses and so on .. I have good experience in that , Can I Monetize this niche as well ?

There are many ways to monetize this type of niche, especially if you can affiliate with an anti virus software program. Although you might not earn as much with Amazon Adsense, you would still earn some if you had an info rich blog.

Thanks

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spearce000 9 years ago

Originally Posted by Allboost

What I have been good at , is security , I have been testing viruses and so on .. I have good experience in that , Can I Monetize this niche as well ?

ANY niche has the potential to be profitable. If that's what you're good at, then monetize that niche, rather than something you don't know anything about.

Security is a HUGE niche BTW.
- Thanks
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Rory Wilkinson

9 years ago

Originally Posted by Roth

Repeat after me...

Exploit your experience.
Exploit your experience.
Exploit your experience.
EXPLOIT YOUR EXPERIENCE
EXPLOIT YOUR EXPERIENCE

The best niche is something that you know a lot about that other people would want to know about. Oftentimes, this is found when you look at your own experiences, expertise, education, etc.

No one can tell you what the best niche market is because what's great for me probably won't be great for you. And vice versa. Maybe you're into spiritual stuff. I'm not. Get it?

Great response. could not have said it any better.

Its a great niche if you can actually provide REAL value in it. That's the only way you can build anything that is sustainable and long lasting.

What topics are you passionate about? What do you enjoy learning about? What do you enjoy helping other people with?

Thanks

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Work1099

9 years ago

Originally Posted by Roth

Repeat after me...

Exploit your experience.
Exploit your experience.
Exploit your experience.
EXPLOIT YOUR EXPERIENCE
EXPLOIT YOUR EXPERIENCE

The best niche is something that you know a lot about that other people would want to know about. Oftentimes, this is found when you look at your own experiences, expertise, education, etc.

No one can tell you what the best niche market is because what's great for me probably won't be great for you. And vice versa. Maybe you're into spiritual stuff. I'm not. Get it?

This depends on the goals of the person. Vast numbers of highly-successful entrepeneurs start businesses by building automated infrastructure. They personally know nothing about the topic of the business. They simply know how to build and run a business. Everything else is outsourced to others.

Referring to the original poster: The advise of the gentleman quoted above is often useful if you're just starting out, have no background in business, and have zero money to invest. If that's not you, you may consider other options than the ones he mentioned.

Thanks
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Roth

Banned 9 years ago

Originally Posted by Rory Wilkinson

Great response. could not have said it any better.

Thanks, Rory.

Originally Posted by Work1099

This depends on the goals of the person. Vast numbers of highly-successful entrepeneurs start businesses by building automated infrastructure. They personally know nothing about the topic of the business. They simply know how to build and run a business. Everything else is outsourced to others.

That is incorrect. Unless you're a venture capitalist or an angel investor {both require wealth as a prerequisite}, then you're limited to working with your expertise and existing budget. Baristas start coffee shops, landscapers start landscaping companies, etc.

What you're talking about is BS fantasy, because there's no such thing as "automated infrastructure"...even for large and sluggish corporations.

You STILL need to know a lot about the business, specifically, before you can run it in the black. If you don't have the knowledge to do it yourself, or you don't have the wealth required to hire people that DO know the business, then you'll fail. What you're talking about is, again, BS.

Sorry, but I'm not sorry.

Thanks