Is " Personal Development " a PROFITABLE Niche ?

28 replies
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 ?

Thank you
#affiliate #competitive #niche #personal development #profitable
  • Profile picture of the author Roth
    Banned
    Originally Posted by Allboost View Post

    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?
    {{ DiscussionBoard.errors[9642237].message }}
    • Profile picture of the author 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
      Signature

      Steve Browne, online business strategies, tips, guidance, and resources
      SteveBrowneDirect

      {{ DiscussionBoard.errors[9642250].message }}
      • Profile picture of the author Allboost
        Originally Posted by Steve B View Post

        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
        {{ DiscussionBoard.errors[9642331].message }}
        • Profile picture of the author Steve B
          Originally Posted by Allboost View Post

          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
          Signature

          Steve Browne, online business strategies, tips, guidance, and resources
          SteveBrowneDirect

          {{ DiscussionBoard.errors[9642498].message }}
          • Profile picture of the author jodiesmitham
            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 View Post

            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
            Signature

            Jodie Smitham

            {{ DiscussionBoard.errors[9642585].message }}
    • Profile picture of the author Allboost
      First of all , Thank you very much for your great posts


      Originally Posted by Roth View Post

      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 ?
      {{ DiscussionBoard.errors[9642317].message }}
      • Profile picture of the author Roth
        Banned
        Originally Posted by Allboost View Post

        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.
        {{ DiscussionBoard.errors[9642403].message }}
      • Profile picture of the author Samuel Adams
        Originally Posted by Allboost View Post

        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.
        Signature

        Would you like to learn how I make $2000/month from a super easy listbuilding system?

        Click here to get my listbuilding report for FREE!

        {{ DiscussionBoard.errors[9642448].message }}
      • Profile picture of the author spearce000
        Originally Posted by Allboost View Post

        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.
        {{ DiscussionBoard.errors[9642454].message }}
    • Profile picture of the author Rory Wilkinson
      Originally Posted by Roth View Post

      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?
      Signature
      Click Here For My Free 3 Part Video Training On High Performance and Achievement (The same strategies I teach my clients (which include top sales agents, internet marketers, authors, musicians and business owners).

      Don't quit! Keep going, you are so much closer than you think!
      {{ DiscussionBoard.errors[9642667].message }}
    • Profile picture of the author Work1099
      Originally Posted by Roth View Post

      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.
      Signature


      Work1099 Simplifies Self-Employment.

      Get 600+ Proven Business Models and Money-Making Ideas at: http://work1099.com
      {{ DiscussionBoard.errors[9656790].message }}
      • Profile picture of the author Roth
        Banned
        Originally Posted by Rory Wilkinson View Post

        Great response. could not have said it any better.
        Thanks, Rory.

        Originally Posted by Work1099 View Post

        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.
        {{ DiscussionBoard.errors[9659350].message }}
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Allboost View Post

    Is " Personal Development " a PROFITABLE Niche ?
    It isn't a "niche" at all: it's a market, and a huge one. It includes dozens of different niches, any of which can be profitable in the right hands and with the right skills.

    Originally Posted by Allboost View Post

    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
    "Motivation and success" also isn't a niche: that, too, is a market, and a huge one. It includes many different niches, any of which can be profitable in the right hands and with the right skills.

    There are very few niches that just "aren't profitable". The reality is that almost all niches are very profitable for a small proportion of marketers, just-about-profitable for some more, and unprofitable for the majority who try without the right skills.

    Being an enthusiast of "motivation and success", you'll doubtless appreciate that most of what determines whether or not it's going to be profitable for you is about you (and specifically about your skills) - rather than about the market itself?

    .
    {{ DiscussionBoard.errors[9642280].message }}
    • Profile picture of the author discrat
      Hey Allboost,

      A very big market you mention. To have success you need to narrow it down to a particular Niche within Personal Development .

      For instance , Personal Development as it relates to being
      1. a better Business person
      2. a better husband or Father or Mother
      3. a Spiritual Being
      4.Healthier
      5. Happier in Life in general

      etc..etc..

      It can go on and on.


      Pick one that you have a sincere interest in and experience with.


      - Robert Andrew
      {{ DiscussionBoard.errors[9642301].message }}
      • Profile picture of the author Allboost
        Originally Posted by discrat View Post

        Hey Allboost,

        A very big market you mention. To have success you need to narrow it down to a particular Niche within Personal Development .

        For instance , Personal Development as it relates to being
        1. a better Business person
        2. a better husband or Father or Mother
        3. a Spiritual Being
        4.Healthier
        5. Happier in Life in general

        etc..etc..

        It can go on and on.


        Pick one that you have a sincere interest in and experience with.


        - Robert Andrew
        Thank you for your help , I choose the sub-niche " 1. Being a better Business person " , As I have many premium e-books which I can giveway to presell affiliate products .

        Can you or anyone Please advise me great quality affiliate networks for this niche ? What I have in mind is Clickbank & CJ and Maybe JVZoo .. ?
        {{ DiscussionBoard.errors[9656698].message }}
    • Profile picture of the author tlfulmer
      Great insight and advice. thanks!
      Signature

      Working Together We all Accomplish More,

      Thomas Fulmer

      {{ DiscussionBoard.errors[9642394].message }}
  • Profile picture of the author Raydal
    There are some markets that are profitable but they are also dominated
    by a few companies and this happens to be one of them. So if you
    want to work as an affiliate you may do well, but as a product
    creator you'll coming up against some tough competition.

    -Ray Edwards
    Signature
    The most powerful and concentrated copywriting training online today bar none! Autoresponder Writing Email SECRETS
    {{ DiscussionBoard.errors[9642297].message }}
  • Profile picture of the author Paul Tai
    Originally Posted by Allboost View Post

    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 ?

    Thank you
    No, if you're attacking it as a whole: there are probably tens of thousands of people who want to be a "rich guru" in there. (well, it can work, but it requires insanely huge efforts or capital)

    Yes, if you choose a niche inside personal development. In other words, "personal development" is no longer a niche, it's a super niche; you have to choose a sub-niche inside it.
    {{ DiscussionBoard.errors[9642341].message }}
  • Profile picture of the author talfighel
    Originally Posted by Allboost View Post

    , Are there enough and good quality products to promote ?
    I am not sure if Tony Robbins has an affiliate program. You should look into that. He is a great mentor and you can recommend him to your readers/subscribers.
    {{ DiscussionBoard.errors[9642387].message }}
  • Profile picture of the author Allboost
    Thank you very much for your replies , I am glad to be a member along side with you .

    I think i need ideas on how to monetize the Security and Softwares niche , is it better to do so with affiliate marketing or other ... I will focus more on this , and would be grateful to hear more proposals and suggestions from anyone .

    Thanks
    {{ DiscussionBoard.errors[9642578].message }}
    • Profile picture of the author Samuel Adams
      Originally Posted by Allboost View Post

      Thank you very much for your replies , I am glad to be a member along side with you .

      I think i need ideas on how to monetize the Security and Softwares niche , is it better to do so with affiliate marketing or other ... I will focus more on this , and would be grateful to hear more proposals and suggestions from anyone .

      Thanks
      Are you expert enough in the security niche (such as with spyware removal, internet safety, etc), to create your own Kindle ebook? That could be another good way to monetize that does not depend on joining affiliate programs in hopes of promoting what someone else offers.
      Signature

      Would you like to learn how I make $2000/month from a super easy listbuilding system?

      Click here to get my listbuilding report for FREE!

      {{ DiscussionBoard.errors[9642707].message }}
  • Profile picture of the author Mrnace
    I am writing a fitness blog with personal development as a side topic to it.

    I personally wouldn't go for affiliates in the market, I have looked through a lot of affiliate programmes in fitness ans have found that they are very gimicky products or just not what I want my website selling.

    I feel its better to create your own product in the "niche", write a book, a software programme or something this yours and would benefit your email subsciribers.

    Try getting your subscribers to do a survey that will narrow down the type of product they will want to buy from you. You could be selling a weight loss programme when most of your readers are bodybuilders or powerlifters looking to build muscle or what ever it is they want.

    Just my 2cents.
    {{ DiscussionBoard.errors[9642611].message }}
    • Profile picture of the author Altered State
      Originally Posted by Mrnace View Post

      Try getting your subscribers to do a survey that will narrow down the type of product they will want to buy from you. You could be selling a weight loss programme when most of your readers are bodybuilders or powerlifters looking to build muscle or what ever it is they want.

      Just my 2cents.
      This is not a bad idea, but dont do it on your main website or as the owner, at least if you are somehow trying to not seem as a marketer on your websites. For some business models this could be a significant loss of buyers
      {{ DiscussionBoard.errors[9659632].message }}
  • Profile picture of the author Rod Cortez
    Originally Posted by Allboost View Post

    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 ?

    Thank you
    Robert Andrew nailed it (along with a couple of other folks). The Personal Development market is massive. There are plenty of niches and specialized micro-niches underneath that umbrella.

    It's a very profitable market and even though there are some very large players in there, they don't dominate it. There are plenty of smaller, specialized players that do very well in that market. I should know, I've been in it for a very long time.

    It's key to niche down and find a more narrow focus. There are very few people who can pull off what a Brian Tracy or Tony Robbins has done from the beginning, but it's still very possible. Guys like Brendon Burchard are living proof of this.

    You've really got to know your audience, what their needs are, etc. You have to understand how positioning and branding works and how to utilize it to your advantage to convert those sales.

    RoD
    Signature
    "Your personal philosophy is the greatest determining factor in how your life works out."
    - Jim Rohn
    {{ DiscussionBoard.errors[9659534].message }}
  • Profile picture of the author GGpaul
    Ha! This thread solidified everything for me . I've been planning all week of creating a personal development site. And now I'm going for it!

    Now - to pencil in the type of content, categories, etc. and then the marketing game plan.

    And the last part - how I'm going to monetize. There's SO many offers out there so I'm not even worried about that. Getting targeted audience shouldn't be an issue too. It's just now me doing it!!! Thanks for this thread.
    Signature

    RIP Dad Oct 14 1954 - Mar 14 2015.

    {{ DiscussionBoard.errors[9660148].message }}
    • Profile picture of the author Allboost
      I want to thank every single warrior who contributed in making my simple thread full of rich and valuable content which would help out anybody to improve his perspective about positioning and Niche attack . Thank you

      Allboost .


      Originally Posted by GGpaul View Post

      Ha! This thread solidified everything for me . I've been planning all week of creating a personal development site. And now I'm going for it!

      Now - to pencil in the type of content, categories, etc. and then the marketing game plan.

      And the last part - how I'm going to monetize. There's SO many offers out there so I'm not even worried about that. Getting targeted audience shouldn't be an issue too. It's just now me doing it!!! Thanks for this thread.
      Hi , I am pleased to hear that you took advantage of my thread . The main thanks is for the helpful warriors around here .

      You mentioned that there are SO many offers , Could you guide me to some of them . I chose a niche of " Business and marketing " providing valuable content about how to be a better business man , entrepreneur , marketer , leader ... Through promoting and providing marketing courses and pdfs .. Can you or anybody else advise me Suitable Affiliate networks with quality products in this Niche ?

      Allboost .
      {{ DiscussionBoard.errors[9666289].message }}
  • Profile picture of the author JNano
    It's a huge market with a lot of money to be made, just make sure you don't try to go after everybody like everyone seems to be doing these days.

    You seem to be on the right track with just focusing on business people/entrepreneurs and how to improve their lives.
    Signature

    Every 3 seconds 1 person gets hacked online.
    Protect Your Privacy Online & Stay Safe From Malicious Attacks
    High Speed, High Security VPN From $5.99/mo

    Visit DATHO VPN Now

    {{ DiscussionBoard.errors[9666888].message }}
    • Profile picture of the author Allboost
      Originally Posted by JNano View Post

      It's a huge market with a lot of money to be made, just make sure you don't try to go after everybody like everyone seems to be doing these days.

      You seem to be on the right track with just focusing on business people/entrepreneurs and how to improve their lives.
      Yes I chose a niche with valuable content , and I am willing to provide quality gifts to my subscribers ... The problem with me now is just the products to promote , some affiliate networks with good " business and marketing / success " products . I found clickbank a little bit weak in this niche .. Not sure though .. Just need appropriate affiliate networks
      {{ DiscussionBoard.errors[9667543].message }}

Trending Topics