At what point do you give up?

Pick a niche that's a proven winner. The competition may be higher, but there are exploitable keywords in virtually every niche. You also have to look at your sales conversion process top to bottom. The niche might be a winner, but if you have a glitch somewhere in the funnel or the sales page itself (often the culprit), you may be fooled into thinking the niche stinks.

John

Give up when you find a more profitable niche and the current one is close to loosing you money.

Several months ago I decided to try making some product review sites. I made around 18 I think. 2 of them make money, the others didn't do squat.

I have numerous content sites out there - only 2 of them make ANY money at all (and neither makes much). The exact same content on one of those sites used to be in an autoresponder of mine that made several sales PER DAY.

I've tried various things in the weightloss niche, and have yet managed to make much money at it.

Now, I know that others are able to make money at the same things I've had little success in. But instead of continueing to beat that horse, I ran with the ones that DID make me money, and built them out more.

My thoughts are this: you have to be willing to fail fast, and run with your winners. You also have to be willing to try a few different things in order to find those winners - eventually you will find the right product(s) in the right niche(s) that responds to your approach. I still double back and try to get my 'failed' projects/campaigns to work, but I don't burn too much effort on them. My main money makers were pretty much money makers from the start.

My neighbor is a very wealthy man and he even ran for Governor a while back here in California. He seems to everyone to be a "Midas" everything he touches turns to gold.

One night while he and I were sitting outside talking another friend said "John, I wish I had your luck buddy". John replied, "It took me over thirty five years of failing before I found a winning business".

Our jaws dropped. Imagine that. He had failed throughout most of his life but he never gave up. When he finally did hit paydirt, it was big.

He looked up and saw our expressions and said "Einstein said that genius is 10% inspiration and 90% perseverance". "I guess he knew what he was talking about".

Matt

It may well be that your keywords are the problem rather than your niche. I know that for the longest time I simply couldn't wrap my mind around the importance of getting ones keywords correct.

It is equally important to try and ensure that your keyword is at least part of your website title.

Try to ensure that you find a primary keyword that has at least 100 searches per day with not more than 300 000 competing sites. It may well take a day or more of drilling down to find the correct keyword but it will be well worth it.

Once you have found your keyword then go ahead and register it. The one you want will probably be taken, but just add something like "info" or "update" to the end of it.

The correct keywords make all the difference to a "terrible" niche.

Sandy

Hey

My answer to be honest is this ...

Before you entered the niche did you research it ?

You should have a good idea prior to entering the market whether or not it is a buyers market

Are there plenty of products available ?

Is there people paying to advertise in this market ? Look at adwords ads for example by doing a google search for your main keyword

My advice is to not re-invent the wheel by trying to create a market ....

Enter a market you know has a problem and provide a solution.

As for your current situation, do you know that the market is buying products ? If so then do not quit on it.

That's the only way to fail my friend ....

"Quitters never win, and winners never quit"

So if you know its a market that has buyers keep going my man !! You can and will make it, just be consistant and keep taking action.

However like I say if the market is no good from research then maybe it will have to be put down to experience and you move on.

Best wishes

Dean

I know that John above (Zeuss66) can't toot his own horn here but I can for him.

He has just come out with a WSO see his link "Article Marketing The Smart Way" and it works.

I'm not affiliated in any way and make nothing from this endorsement, but I bought the product and I can say that he will show you step-by-step how to easily start making money through writing articles, or Article Marketing.

The important part of the process, the part that is giving you grief right now keyword research is not only laid out in the book by John but also has videos that are easy to follow.

Matt

p.s. No, he is not my neighbor from my story above

I personally don't stick to just one niche, if you can find a handful to really go after you can diversify some.

The key is to research the niche before you get into it and, once you have started, make sure your traffic is targetted as much as you can.

I agree with the other Warriors who advise you not to get emotionally attached to a niche. It's all about conversion and money so the best niche to get into might not necessarily be about the subject that you find most interesting.

There are few niches that are worth quitting - it's much better to take a step back and look at the traffic you are developing.

You'll read alot in WF about planning and I think you can make life a whole lot easier for yourself by being patient and planning your approach to a niche properly.

Steve.

Ask someone with experience online (like me or someone else you trust) to look at your niche and research.

Then ask them: Is it me or the niche?

If it's you, then it's time to figure out what you are doing wrong (or not doing at all) and start doing the right things.

If it's the niche, then it's time to pick a new niche.

My two cents.

This depends entirely on how you look at it, I'm sure. Firstly, I guess, you should research your niches very carefully indeed. If you carry out your research carefully enough then you'll know whether a particular niche is likely to work or not. If it is all done properly then you can be confident that you are heading for success.

At the same time I would also try several business practises before giving up on a niche. I guess everything is worth a second chance.

However, personal situations must also come into it all. When you yourself realise that you simply can't afford to spend anymore time on a particular niche then you will know that it is time to move on.

Most importantly, I would say that if you are planning to move away from a certain niche as you feel it isnt working, keep a firm copy of EVERYTHING (every webpage, every product, every bonus etc) from that niche. You never know when you'll next require it or when it will become the "right time" for you to re-launch that product.

Here's just a thought, follow Trey Smith and Frank Kern. Do as the millionaires do and so you will become one. Not over night, and not next week, but you will become successful. So the answer is: You do not give up ever ever ever!

I never give up unless it's a horrible niche.

It's like practicing twirling pens.

No matter how good you are, you will never make money off it.

Never give up.

Just quit doing things you want to do and start putting your heart into what you NEED to do... the stuff that works.

Which means... maybe you should make sure you're getting your information from someone who makes the amount of money you want to make. Not only that, but study what they're doing most of all... and apply it.

Don't assume the guy who gave you advice makes the kind of money you want to make.

LISTEN

There is a difference between 'being a quitter' and 'letting go because you see how your business plan is failing.' Knowing the difference between the two is how all the most successful have made it.

Throughout this thread ... some people say they "Never Quit" - well that attitude can drive you deeper and deeper into debt with no success on the horizon. You don't want to be this guy because it will SLAP the taste out of your mouth and you will never want to run a business online again!

However, others 'aren't making immediate cash' so they quit right away ... obviously it is the niche right? Maybe ... but maybe not.

Understand, not every niche is a winner. I would say you can never been so stubborn to the point that you fail to recognize this. But you can't quit so easily you fail to recognize your opportunity for success. Take a couple steps back ... look at your plan and marketing strategy. Are there areas you have holes?

There are so many things to a successful business venture than your product that are just as important (marketing, sales letter, product, traffic). Any of these things could be your problem.

Honestly, for this thread ... there is not right answer because the answer is: IT DEPENDS!

But here's my advice ...

Rip it up ... analyze it ... fix it ... or let it go!

Good Luck,

js

"Give Up" is the word there; nothing is ever bad, unless you are marketing it badly yourself. not every niche can be handled like other ones, especially depending on your product. Be crafty, find out what it is that you are missing. Like I said, give up is the word, because you need to give YOURSELF an UP if you are even thinking that way. If something doesn't work for you, that does not mean it doesn't work... at least this is what I have come to realize for myself.

I think that if you have done your market and competitor research then you will know if a niche is profitable or not.

If you are not making money in it then it is because

1) You are not getting enough organic traffic - target long tail keywords and do more traffic generation or use PPC
2) Your sales letter isn't converting - change it
3) Your product / offer isn't what the market wants - do some more research and find out what is selling

If your niche and competitor research stacks up then people are making money in the niche. If you are not then it is something you are doing not the niche, therefore change what you are doing!

All the best

Jason

You give-up after you have succeeded!

Will

I liek to go with a shot gun approach and see what sticks whatever looks like it has the most potential tahst what i focus my attention on and try to build out. Once this is built out i go back to the other niches that looks like they had potential

When everybody around me give up, then I think I should've to =D

Don't give up until you've tested and tested again every aspect of your campaign.
There's an awful lot to be said for persevering but, there's no sense in flogging a dead horse.

Remember though, you wont know if it's dead unless you test.

Depends on how bad you want it. If you want it bad enough, dont give up. I worked a job and was online for 4 years FOUR YEARS!!!, but it was well worth it now....so if you want it, DONT GIVE UP!!!

Remember my motto.
Business=work it requires perseverance never ever give up your success is up to you!
-WD

I track three things with all my marketing efforts.

1. Profits and expenses for all time.

During the first week, this has to go:

profits > expenses

...or I shut it down. Eventually, I get:

2. Profits and expenses for the past thirty days.

This has a higher bar. It has to go:

profits / expenses >= 3

...or I shut it down. And once I get this, I can calculate:

3. Profits and expenses projected over the next thirty days.

And this one, I again have a higher bar:

profits / expenses >= 5

...or I shut it down.

In short, if I can't make back four times what I spend in the first 60 days, I don't do it.

HOWEVER.

I have a lot of leverage. There is not a whole hell of a lot online that I can't do myself, from writing articles to setting up domains to developing custom software, so where a lot of people would need to contact an outsourcer and spend money... I just open up some program or other and do the work.

Even where I don't have the skills myself - like complex graphic design - I drip-feed licensed material onto my hard drive constantly, and have several gigs of templates and samples available that I can slice up and remix for any project on demand.

So my expenses are usually pretty damn low. Under $50 for most projects.

Honestly I'm not gonna lie I almost quiet a few times, but since I kept trying it finally paid off and I'm doing pretty good and getting better. My advice is keep trying even if you don't see any money, but make sure its a profitable niche and your not just working in a dieing niche.

Moe