Make Money Online Niche

[QUOTE=Ramyashree;10652397]Hi ExpertWP,

As I mentioned there are 3 criterias to succeed.

1. You should like the niche
2. There must be offers to promote or create your own product
3. People must be willing to buy products in that niche

Now, there are 3 mega niches where people will succeed if done well and also these 3 mega niches are over crowded.

1. Make money online or online business opportunity
2. Health and fitness
3. Relationships

I must chime in and I wish someone had told me this. I've been doing this for a while. Not selling MMO type products, although I could now. The first point is key, you must like it, but you also must have knowledge in it. This is the key, you need something that sets you apart and that you can deliver. If you do not you will just wind up wasting your time and hurting your reputation.

Making money online comes down to 3 basic items. You need traffic( either paid or organic) you must have conversions into different funnelsl. One is converting a product/affiliate offer and the 2 and probably more important is conversion to your email list/social media channel( This is for repeat traffic) You need something to sell. That is basically all there is to it. If you can do these then you can make money.

How much depends on the niche and how well you do these things. If you can push a 100k of visitors per month and convert a 1% then you can make money. But if you can only push 10K per month and convert at 10%, you can make the same amount. The niche does not really matter for the money as long as there is a method to monetize it.

But it must be something you have knowledge in or making the conversions is a lot harder as you don't know how to market the product. I'm s firm believer that everyone knows something someone else needs, just look into yourself and figure out what that is.

You also would have case studies of things that didn't work, and these "failures" would actually add to your authority by showing that you aren't just a promoter who will say anything to make a sale.

I agree with this.

If you do not have the experience, there are tons of programs that you can become aff and sell to other.

I like being an affiliate for RECURRING INCOMES, which means memebership sites, that you get paid each month, without having to do much work.

They are fun, and you keep building on that.

Say you have a site and have 1000 people paying you just $9 a month. [so your retention rates are high]

That = $9000 USD a month.

now I am not good at math, however, lets say you had an extra $9000 coming in a month, and you had everything set up on autopilot.

See these are low overhead businesses and huge profits, and the work, once everything is set up is pretty minimal.

You can do this two ways:
1. write bases off of experience
2. research the niche, come up with 7-10 "chapters" and outsource that to be written for you.

the second one is what most people such as yourself do. they recognize a niche and the potential but know nothing about it so they outsource the actual content. this is 100% fine.

as far as a divorcee not being able to write about relationships....why not? he knows what NOT to do if he got divorced?

Dave Ramsey is the #3 radio show in the nation and he tells people how to become wealthy, yet he went bankrupt in his early years. He knows what NOT to do and teaches that!

Some of the most successful people in the world make money telling people what NOT to do because of an experience they had

There's often a fine line between contribution and self promotion. I believe you.

If everybody gave thought to what they shared, we wouldn't have to worry about it. But so many people see links like that and pretty soon all we'd have is one person asking a question and fifty people linking to their blogs, sales pages and squeeze pages.

In the future, you might want to add the info you provided here (not your blog anymore, post relevant to discussion). Sad that it sometimes comes down to this.