The "Best Niche" Myth...

This is true. There are many, many niches out there. Another problem is that some will jump into too many niches at once and become unfocused or don't jump into any at all for fear of picking the wrong niche. Just pick one and get on with it!

Well, I can say from personal experience that my turtle niche website ISN'T IT

TomG.

Yes its true, but finding a gold niche is very hard. Everyone and their grandma wants to make money online. I say forget trying to find a niche and just go for the big fish, if you do everything right and in the process buy a few $1999 course from the so call guru, who knows you might get rich or lose everything you have trying.

I agree with your post. If something is not working and you have given it enough time and effort and its not producing, consider moving on or getting someone to look at your process to see if it has an error in it. Sometime a simple little tweak to what you are already doing will solve the problem all together.

I hit on the same chic for a year and it finally paid off...

just thought I would mention that.

Sometimes... persistence pays :-)

uh oh... sorry I started all the mutant stuff :-)

I also think it's a myth that "this niche is not working". Money can be made off of any niche, you just may not have the right monetization system for these group of people. But I don't give up on a niche so easy. If they don't like what I'm offering them that doesn't mean the niche is bad. It means I didn't find what they want yet.

Well this is true but .....??.... let me give you my thought. Niche research is pretty hard or sometimes easy..depend on your experience. Ask yourself, in your experience what things you can buy online that you can't buy offline? What things you are desperate to get but not available for free...Always think of the word "desperate" and you'll see why some people can earn and why yours are not. Look at the relationship niche..."Make your BF, GF,Wife or Husband back" is it a good niche or saturated niche? Do you think people who are desperate getting their love ones back can buy or will buy online?

Check the bestwarriorthreads.com and you'll see some experiences of our fellow warriors.

When I was starting, I created a clickbank mall so that I can sell all products of clickbank in one website...All I need to do is to put traffic on it. When I got sales, I'll check the website to see the cause of sale...is it because of the sales copy, bonuses, the design, quality of the product or there is hungry buyers. After that I will create articles and press releases and if it gives me more sales in a week time then I will create several review sites, different landing pages and blogs.. When all things done then I'll start marketing.

It's really important that you know a good niche but you must think that even you know a good niche you need to create a plan to reach that niche. How to "approach" is the question. What "smart" move you need to do?

I remembered courting my wife before...
When I first approach her, she don't have interest on me. She even hide on me and end up leaving my job because we don't want to see each other. But you know what? She's my wife now, we have two good kids and recently celebrated our 9th year wedding anniversary.

The moral of the story is still a question "What you need to do?". Where do you need to start? Think ahead of the competition and do the smart way. List down all good products that works for other people and start promoting it and when you had sales then focus only on that niche and outsource everything. After that, start researching another niche and focus again on building traffic.

Jared,

I like your original OP, but I have to say a few things here. Back about a year or so, a very well respected warrior here created a membership site dedicated to getting his members to 6 figures in 6 months with niche sites. I personally spoke with him and joined his membership site. Now almost everyone who joined up failed and they had quite a few sites put up. There were some successes, but the people who made some money had over 100 sites. Think about that for a moment. The successful people wrote over 1500 articles and put up 100+ websites!! Almost $1,000 spent on domain registrations alone. Here's the problem with niche sites. You can really spin your wheels putting up site after site with paltry results. I bought up over 60 websites from people who gave up in disgust. Why did I do this? I wanted to let all these sites age and pick the best ones to continue to promote and update. So after I said all of this, what's my point? What advice do I have? Well, here it is:
1) Make sure you have a way of very quickly putting a site up, like WP.
2) Test out the waters with free websites (squidoo, blogger, hubpages, etc.)
3) Go where the money is (reference my turtle site posts)
4) Once you see results, then find a domain and work it.
I hope this helps someone as I spent lots of time and money with niche sites. I have over 200 and some are great, but lots and lots of duds. I don't even want to admit that lots of sites were also ghostwritten at my expense.

TomG.

A niche is what you make up of it. If you're committed, do your proper market research and look at why you're failing, when you can turn it into something. I don't think there's any "bad" or "good" niches, only different strategies for different niches.

Well said.

Jared Alberghini couldn't have said it better.

Too often I see, marketers, even so called superstars who laboriously toil almost daily to sell products that supposedly are good niches. Yet their conversion stinks. Why? Fierce competition. You will never find a good niche for too long without some form of competition. To mitigate this necessary evil, you need 2 things:

1) Always look for new ways to marketing your niche. Try a combination of online and offline promotions. But after you have failed to score a hit with your niche, the next option might be #2.

2) When your returns falls below your expectations, stop forcing your niche to produce miracles. Get out, drop that niche and look for something new. Your goal should be to make money and not fall in love with a niche.

Jared, is right.

Definately, you just need to have that abundance mindset and be prepared to walk away from the site even if you haven't reached your goals - as long as you learnt the lesson!!!

I understand the points you're making but I think, if I'd had editorial for this post I'd have worded it a little differently.

If something doesn't work for you, the very worst thing you can do is give up immediately. Instead stop. Think: why did this not work? What could you have done differently? What steps do you need to take in order to ensure your goal?

Really think about that for a second.

Consider whether your goal is viably attainable. If it's not viable, that's when you move on. Not before.

The same principle applies with meeting a 'mate' in a bar. If a person doesn't show any interest in you, there's a reason behind it. That reason is usually a need. Perhaps they need to feel excitement around you. Perhaps they need to experience pleasure, or be entirely enravelled in a topic that really captivates them.

Once you know the reasons behind this person's actions, you have a choice: you can either fulfill this person's need, and get what you want from them. Or you can give up and walk away.

The mistake is giving up straight away, without first thinking flexibly about a solution.

Before you give up, ask yourself: is this person worth my attention? Then secondly: do I have the skills and resources to fulfill this person's needs? If you have these skills or you're willing to learn them; you have power, and freedom, and choice.

Much like dating, there is tremendous power in persistence without being pushy, overwhelming, or having your head in the clouds.

I think some great advice was given in the original post. I firmly believe that if you're marketing within a topic that really rivets your attention anyways, you're far more likely to succeed. I honestly believe that is excellent advice.

But at the same time, I think a flexible approach is needed before you immediately pack up everything and quit.

Ta for reading!

FrediDoo.

thats a good point.

theres probably many untapped niches that people are unaware of that people can make money in. I would say start with a passion, hobby, or talent.

A lot of people want over night money or success, or want to be in a niche where they will make 1 million. Niches like that aren't for everyone.

If someone has a passion, hobby, or talent for something, and its a real small niche, its still possible to make money... but you gotta be creative.

sometimes it takes more than setting up a sales letter and ebook to be successful. and lots of people don't want to put in the work..

I put up a niche site in '07 and it didn't do squat = maybe $100.

I started actively marketing it in August and have raked in just under $10k.

I think it depends on your willingness to go the extra mile and work on promotion and SEO even when nothing seems to be working.

I am now getting 1st or second page on the big G for some of the keywords I started promoting back in September.

Seems like everything takes forever in this business because it DOES. (although a few months isn't forever - it just seems like it) Obviously I'm leaving out PPC because that could be almost instant.

It is always interesting to see other people's viewpoints on this matter as in anything in life. When you look at two competing opinions on any given issue, you stand the chance to appreciate the angles involved.

So, the point made by Ross Dalangin and BlackHatCat are very persuasive and reasonable. I really see their point of view. To some extent I share the notion that you can hit on a Chic for as long as is necessary and one day she may have to say 'yes.'

Congratulations to Ross and BlackHatCat.

To score a good date after pursuing a mate for a long time is very understandable. We are dealing here with two human beings and their freedom to engage in an amorous relationship, blazing with emotions. Of course, persistent in this area could pay off.

In marketing, however, you are not dealing with emotions regarding your products or services. You are dealing with numbers, statistics, raw facts. Not a human being, a mate who could possibly fall in love with extenuating circumstances, like logic, beauty, power and all the trappings of success. Numbers are not emotional!

My point is this, do all that you can to make your business work for you. Do not retreat a the single sight of gun powder. Puff, and you are gone, abdicating your business. No! Give it all your best but do not fall in love with it. Look for another thing to do and maybe come back to the old business with fresh ideas, like WineBuddy did. If it fails again, then try Jared Alberghini's idea.

If I understand his post correctly, that is what he is trying to convey.

I could be wrong with all this, and stand to be corrected.

There is no best anything, because "the best" is completely subjective to the individual making the statement. The best in the world of anything would have to be agreed upon by the global population, and that just aint happening.

To each their own. Everyone beats to their own drum.

Damnit Vinnie, wish I lived closer so we could hang out in person some time... (I'm sure we will run into each other somewhere down the line...)

Listen to Brother Vince's advice everyone... true words of wisdom.

- Jared

lol.. very true..
the "best niche" would be a niche that earns or generate the "most" amount of dollars in a defined period of time.
but who is to define the time frame, as this is a never ending thing as people will still continue to search and look for any information on the net.
someone "best niche" may not necessary be your "best niche" cause he/she may have proven success in the niche but you may not.
so what we need to do is find our own "best niche" and not trying to find out or research for others so called "best niche"...

With persistence and perseverance the much awaited gold mine could be hit. You do not have to be IM flirt to make it online. Every niche has the potential of making money online. Just get yourself focused and keep trying by doting your "I's" and crossing your "T's"..............best of luck.

Yea, good post, FrediDoo. In my opinion if something is not working, you need to stop and think over it - Just be more flexible... Oh, one more thing -there is not such a thing like "best niche"...It takes time & efforts if we're striving to find it...For myself, I will pick up only one and dive in...
All the best,
Elitsa

I agree with RareGoodStuff. After all, we need to get a handle on why we are in this business of internet marketing - to make money. Sorry if i sound too mercenary but this is indeed a fact. You only have so much time and effort to spend on one niche. if after 3 months of full effort (and i mean full effort, no less) and the sales are not looking up, well, its time to say goodbye and move one. I have been there done that and know the pain of having to give up all that effort, but if its not performing, you really need to rethink.

Interesting viewpoint, but I am not too sure I agree.

Are you saying you don't think any one niche is better
than another?

Or are you just saying don't get hung up on one niche
because it is typically a better niche?

Ah, I gotcha now... I initially took it as you meant all niches were the same and
no one niche was better than the other.

I see what you are saying now though.

Obviously "making money online" niche is a big one because even once you start making money online, people will still want more information on how to make MORE money. Therefore, it is a niche that won't die.

However, I heard that the "health and fitness" niche was a good one to target too. You can guess why, there are heaps of people trying to lose weight, build muscle, etc. What happens once they have solved their problem? How can you keep making money off them? This is for customers that you've already sold to.

I've targeted the "making money online" niche myself purely because I see it's a long lasting niche. However, I couldn't write an ebook on it because I'm not successful in it yet.

Now what I do know about is being a parent (not an expert mind you). So again I don't feel confident enough to make my own ebook. What can I do to make this a profitable niche for me?

Cheers
Wendy

I totally agree. I mean I have a few things that I am trying to make money, but if it doesn't work than I try to tweek it. If that doesn't work then I try other ideas. I think you need to diversify to make money. Try a few different things, maybe its ebay, maybe its craigslist, maybe its adwords, maybe its adsense or other things. Diversify and mix it up and you are bound to make money with one of the methods. Once you find something that works then repeat it.