Is This The Real Secret To Making Money On The Net?

pheonix44 · 11-07-2009, 04:25 PM

I was thinking about getting into a certain niche. I'm really passionate about this niche and I feel I could become so involved in it that I can brand myself in the niche. I feel this may be a better way for me to build a longterm business versus having a bunch of smaller lists.

Which one do you think is better for the long term, being in a bunch of small niches, or dominating one niche and becoming the go to guy for the niche?

shaddai · 11-07-2009, 04:31 PM

Seems to me to depend on if the niche is a fad or not.

Acai berry <-----fad
South Beach <-----fad
Web hosting <----not a fad, but ridiculously competitive.

If you can dominate web hosting, good lord, you're rich :-)

Todd

Chris Drinkwater · 11-07-2009, 04:31 PM

The old problem... deep or wide? For me deep.. go deep.. then deeper.

scfc16 · 11-07-2009, 04:34 PM

hmm- there are so many to consider , I find that finance , and travel work well.......

Nahar · 11-07-2009, 04:40 PM

Some people make a living by going into lots of micro niches and some by dominating a niche they feel passionate.

If you feel passionate about something potentially profitable - I say: go for it.

Colin Theriot · 11-07-2009, 04:47 PM

There's not one strategy that is "better" than the other. It even depends on what your eventual outcome will be.

I used to dabble in lots of other niches myself as side projects when my day job was doing marketing for just one big company. Now that I'm in business for myself, I've decided that "marketing" is my market and for the moment, I focus on B2B doing contracting for business that can use my help.

My goal is to parlay that into packaging my knowledge and demonstrable experience into product form so that very soon, I can stop exchanging my time for money, and start exchanging copies of my knowledge for money instead.

But that's not to say it wouldn't be equally valid for me to take my marketing knowledge and rather than helping clients who need it, I could research their weaknesses and exploit them as a competitor. If I did that in just a few of the niches that my clients operate in, I could do very, very well.

There's also no reason I couldn't do both, outside of pissing off clients if I get into their same business.

It's all about choosing what you're comfortable with and what you feel like will keep you engaged enough to see it through. I know that in my career I always get sick of dealing with stuff I'm just not passionate about. I could always hand that aspect off to employees, but for me, I don't want to deal with that right now, either.

I want to make as much as possible, strictly from my own output. Once I have a name people recognize, and more importantly, a track record UNDER that name that I can use to promote myself, I may change my mind.

But I would say that if this is your gut feeling - follow it and see what happens. But don't say "no" when other opportunities come up. Always say "yes" and see what happens.

Hope that helps.

InternetMarketingIQ · 11-07-2009, 04:50 PM

How does "the secret" have anything to do with a question that gets answered over and over. Do I make a bunch of sites or one site.

Answer: You do whatever you can make work. both models work.

Steven Wagenheim · 11-07-2009, 07:11 PM

At the risk of terribly oversimplifying this, here is the real secret to making
money on the Internet.

1. Find out what people want that they're willing to pay money for.

2. Give it to them.

JasonHicks · 11-07-2009, 07:21 PM

Quote:

Originally Posted by Steven Wagenheim

At the risk of terribly oversimplifying this, here is the real secret to making
money on the Internet.

1. Find out what people want that they're willing to pay money for.

2. Give it to them.

Yup, that's is seriously pretty much all there is to it.

pheonix44 · 11-07-2009, 07:33 PM

I know how to do just that. This niche though is very sensitive, I have the possibility of dominating it and attaching my face to the niche.

nicholasb · 11-07-2009, 07:37 PM

pick up a copy of crush it by gary vaynerchuck

this is exactly what he talks about in the book and I think it will help you a lot.

basically social media, personal branding and profiting on your passion.

it's like 11 dollars on amazon,

Willmarathon · 11-07-2009, 07:49 PM

I happen to be in many niches in one site and people stay on my website for hours. I have posted the stats on this site before,so I won't do it again. I have a work at home make money online site and there are a lot of ways to do that and I make money from all my niches on this site,although the primary focus is PIPS. You can blast this site but what I said is true. if you look at a lot of PIPS sites you will see people branching off and listing other programs they like all the time.
The way that I am able to do that is to provide many links from similar sites to the particluar directories that pertain to that subject and have reciprocal linking relationships with other similar sites.
Is it better to have one website for just one niche. Without question,yes. But the name of my website is WebSuccess4You which is really a broad name that can encompass just about anything that would bring you success on the web.And that is what my keywords are somewhat, so it all ties together in broad sort of way. You might say it is a bit of a directory for MLM
and affiliate programs that span the many different sections of a directory. Unfortunately,
I have not yet assembled the programs into a table. Now I have entered this discussion just
to show that it is possible to go broad as opposed to just deep,deep. But I would agree that is easier,unless you enter a niche that is grossly competitive.

jukeboxhero · 11-07-2009, 07:53 PM

If you plan to do stay in the business do something your passionate about at least to start...Then branch out from their...

I've done both types of products and favorites go way easier...

Tom Turner · 11-07-2009, 07:59 PM

Here is a saying that one of my marketing mentors always quoted when I would lose focus and try to chase after the next best thing...

It is better to be at the top in one rather that at the bottom of 5!

Tom

Willmarathon · 11-07-2009, 08:01 PM

Quote:

Originally Posted by Tom Turner

Here is a saying that one of my marketing mentors always quoted when I would lose focus and try to chase after the next best thing...

It is better to be at the top in one rather that at the bottom of 5!

Tom

Very true.

Memo · 11-07-2009, 08:10 PM

Instead of finding a niche, creating an offer for it, then rushing off to another niche,
find a target audience and build your business around a core group of subscribers, customers, affiliates and partners by offering multiple offers.

You don’t need a gazillion niches to make a fortune online. You need one good target audience.

11-07-2009, 04:25 PM	#1
pheonix44 Robin Abernathy War Room Member Join Date: Mar 2009 Posts: 556 Thanks: 0 Thanked 57 Times in 45 Posts	Is This The Real Secret To Making Money On The Net? I was thinking about getting into a certain niche. I'm really passionate about this niche and I feel I could become so involved in it that I can brand myself in the niche. I feel this may be a better way for me to build a longterm business versus having a bunch of smaller lists. Which one do you think is better for the long term, being in a bunch of small niches, or dominating one niche and becoming the go to guy for the niche?
	Mock my words, I will be a millionaire someday or die trying. I'll do it by doing what others don't won't or can't.

11-07-2009, 04:31 PM	#2
shaddai HyperActive Warrior Join Date: Jan 2009 Posts: 164 Thanks: 7 Thanked 7 Times in 7 Posts Social Networking	Re: Is This The Real Secret To Making Money On The Net? Seems to me to depend on if the niche is a fad or not. Acai berry <-----fad South Beach <-----fad Web hosting <----not a fad, but ridiculously competitive. If you can dominate web hosting, good lord, you're rich :-) Todd
	“Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic.” -Author Unknown Resident computer geek. If you need help, don't be afraid to PM here, or DM on Twitter.

11-07-2009, 04:31 PM	#3
Chris Drinkwater HyperActive Warrior War Room Member Join Date: Oct 2005 Location: , , United Kingdom. Posts: 371 Thanks: 2 Thanked 11 Times in 8 Posts	Re: Is This The Real Secret To Making Money On The Net? The old problem... deep or wide? For me deep.. go deep.. then deeper.
	Period Georgian Rectory For Sale www.theoldrectorydevon.com

11-07-2009, 04:34 PM	#4
scfc16 Warrior Member Join Date: Oct 2009 Posts: 7 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Is This The Real Secret To Making Money On The Net? hmm- there are so many to consider , I find that finance , and travel work well.......
	travel to oman Financial lowdown

11-07-2009, 04:40 PM	#5
Nahar Greg Pawlik War Room Member Join Date: Apr 2009 Location: Poland/USA Posts: 74 Thanks: 34 Thanked 9 Times in 8 Posts Social Networking Contact Info	Re: Is This The Real Secret To Making Money On The Net? Some people make a living by going into lots of micro niches and some by dominating a niche they feel passionate. If you feel passionate about something potentially profitable - I say: go for it.
	Content → Traffic → Conversion → $$$

11-07-2009, 04:47 PM	#6
Colin Theriot Ex-StomperNet Copywriter War Room Member Join Date: Sep 2009 Location: Roswell, GA Posts: 93 Thanks: 11 Thanked 67 Times in 28 Posts Social Networking Contact Info	Re: Is This The Real Secret To Making Money On The Net? There's not one strategy that is "better" than the other. It even depends on what your eventual outcome will be. I used to dabble in lots of other niches myself as side projects when my day job was doing marketing for just one big company. Now that I'm in business for myself, I've decided that "marketing" is my market and for the moment, I focus on B2B doing contracting for business that can use my help. My goal is to parlay that into packaging my knowledge and demonstrable experience into product form so that very soon, I can stop exchanging my time for money, and start exchanging copies of my knowledge for money instead. But that's not to say it wouldn't be equally valid for me to take my marketing knowledge and rather than helping clients who need it, I could research their weaknesses and exploit them as a competitor. If I did that in just a few of the niches that my clients operate in, I could do very, very well. There's also no reason I couldn't do both, outside of pissing off clients if I get into their same business. It's all about choosing what you're comfortable with and what you feel like will keep you engaged enough to see it through. I know that in my career I always get sick of dealing with stuff I'm just not passionate about. I could always hand that aspect off to employees, but for me, I don't want to deal with that right now, either. I want to make as much as possible, strictly from my own output. Once I have a name people recognize, and more importantly, a track record UNDER that name that I can use to promote myself, I may change my mind. But I would say that if this is your gut feeling - follow it and see what happens. But don't say "no" when other opportunities come up. Always say "yes" and see what happens. Hope that helps.
	Sinister secrets of an ex-million dollar copywriter @ my blog: http://ColinTheriot.com

11-07-2009, 04:50 PM	#7
InternetMarketingIQ Advanced Warrior Join Date: Apr 2007 Location: , , . Posts: 831 Thanks: 16 Thanked 76 Times in 65 Posts	Re: Is This The Real Secret To Making Money On The Net? How does "the secret" have anything to do with a question that gets answered over and over. Do I make a bunch of sites or one site. Answer: You do whatever you can make work. both models work.
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11-07-2009, 07:11 PM	#8
Steven Wagenheim Article Marketing Wiz War Room Member Join Date: Dec 2006 Location: Roselle, NJ, USA Posts: 13,262 Blog Entries: 11 Thanks: 515 Thanked 2,888 Times in 904 Posts Social Networking	Re: Is This The Real Secret To Making Money On The Net? At the risk of terribly oversimplifying this, here is the real secret to making money on the Internet. 1. Find out what people want that they're willing to pay money for. 2. Give it to them.
	NEW WSO - Bank $4,000 Monthly - 5 Niches - Only 38 Left NEW WSO - Beat The FTC Honestly And Still Rake In The $$$ Make Money TODAY Hot Trends WSO - Over 1,000 Satisfied Buyers My Greatest Warrior Specials In One Place My Personal Blog...A 6 Figure Education For FREE

11-07-2009, 07:33 PM	#10
pheonix44 Robin Abernathy War Room Member Join Date: Mar 2009 Posts: 556 Thanks: 0 Thanked 57 Times in 45 Posts	Re: Is This The Real Secret To Making Money On The Net? I know how to do just that. This niche though is very sensitive, I have the possibility of dominating it and attaching my face to the niche.
	Mock my words, I will be a millionaire someday or die trying. I'll do it by doing what others don't won't or can't.

11-07-2009, 07:37 PM	#11
nicholasb Senior Warrior Member Join Date: Jul 2008 Location: , , USA. Posts: 1,111 Thanks: 8 Thanked 213 Times in 85 Posts Social Networking	Re: Is This The Real Secret To Making Money On The Net? pick up a copy of crush it by gary vaynerchuck this is exactly what he talks about in the book and I think it will help you a lot. basically social media, personal branding and profiting on your passion. it's like 11 dollars on amazon,
	Christmas Marketing Season Has Officially Started! 1 Hour Traffic Solution! - Holiday CPA Cash Make Your First $500 In 7 Days At ProfitWithNickB.com

11-07-2009, 07:49 PM	#12
Willmarathon Active Warrior Join Date: Oct 2009 Location: Massachusetts Posts: 37 Thanks: 18 Thanked 6 Times in 6 Posts Social Networking	Re: Is This The Real Secret To Making Money On The Net? I happen to be in many niches in one site and people stay on my website for hours. I have posted the stats on this site before,so I won't do it again. I have a work at home make money online site and there are a lot of ways to do that and I make money from all my niches on this site,although the primary focus is PIPS. You can blast this site but what I said is true. if you look at a lot of PIPS sites you will see people branching off and listing other programs they like all the time. The way that I am able to do that is to provide many links from similar sites to the particluar directories that pertain to that subject and have reciprocal linking relationships with other similar sites. Is it better to have one website for just one niche. Without question,yes. But the name of my website is WebSuccess4You which is really a broad name that can encompass just about anything that would bring you success on the web.And that is what my keywords are somewhat, so it all ties together in broad sort of way. You might say it is a bit of a directory for MLM and affiliate programs that span the many different sections of a directory. Unfortunately, I have not yet assembled the programs into a table. Now I have entered this discussion just to show that it is possible to go broad as opposed to just deep,deep. But I would agree that is easier,unless you enter a niche that is grossly competitive.
	Best Internet Web Success Home Businesses:Work at Home to Make Money Online,Stay Healthy & Travel the World Make Affiliate ClickBank Sales & Profit Online Last edited by Willmarathon; 11-07-2009 at 07:59 PM. Reason: many niches,deep niches

11-07-2009, 07:53 PM	#13
jukeboxhero Active Warrior War Room Member Join Date: Jun 2009 Posts: 69 Thanks: 6 Thanked 25 Times in 10 Posts	Re: Is This The Real Secret To Making Money On The Net? If you plan to do stay in the business do something your passionate about at least to start...Then branch out from their... I've done both types of products and favorites go way easier...
	Cash In On The Foreclosure Crisis with this GNARLY Foreclosure Prevention PLR Package.... Over 5 minutes of Video Proof (How Proof SHOULD BE DONE) Real Estate Rescue PLR

11-07-2009, 07:59 PM	#14
Tom Turner Warrior Member War Room Member Join Date: Oct 2009 Location: Oregon Posts: 27 Thanks: 0 Thanked 0 Times in 0 Posts Social Networking	Re: Is This The Real Secret To Making Money On The Net? Here is a saying that one of my marketing mentors always quoted when I would lose focus and try to chase after the next best thing... It is better to be at the top in one rather that at the bottom of 5! Tom

11-07-2009, 08:10 PM	#16
Memo Active Warrior War Room Member Join Date: Aug 2006 Location: , , Sweden. Posts: 80 Thanks: 1 Thanked 5 Times in 4 Posts	Re: Is This The Real Secret To Making Money On The Net? Instead of finding a niche, creating an offer for it, then rushing off to another niche, find a target audience and build your business around a core group of subscribers, customers, affiliates and partners by offering multiple offers. You don’t need a gazillion niches to make a fortune online. You need one good target audience.
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