Niche Market Ideas for Newbies

Hey Andy,

How's it going? Good hearing from you!

I TOTALLY agree with you and see what exactly you mean but of course my point was to just try and get things rolling for Newbies.

You know, just to bounce some ideas (MAINLY Ideas) to give them a direction or an idea so to say of what they think they like and which direction they should look into.


Cheers,
Chirag

Excellent answer, Andy.

Particularly the section about not getting into something that will actually be a burden, like article writing. If your business depends on that skill, it can be extremely fatiguing and frustrating if you don't absolutely love writing.

One point that many newbies seem to overlook is that it takes time to learn the ropes, establish your business and start making sales. It takes a great deal of determination, persistence and continued effort and hard work to reach the financial goals most of us aspire to achieve.

It's important, therefore, to learn the basics first and proceed at your own pace, rather than trying to jump right out and make big money. If you try to sell before you and your business are ready, you will be disappointed. Disappointment often turns to disillusionment about making money online.

A common error is for newbies to jump from one business idea to another, hoping to hit "the winner". It's not necessarily the business that determines success. It's your own attitude towards it, and being aware of the realities of internet marketing.

Choose your niche wisely. It's often best if you stick to niches that actually interest you. It doesn't matter whether you're good at that particular thing or even whether you've tried it. If you have a keen interest, you will have the energy and stamina to learn about it as you go along. This is the best business model you can choose because it is something you truly like and, in all likelihood, will like for many years to come.

Take a notepad (or open Word) and create 2 columns - a positive and a negative. In the positive column, write down all your interests, your strengths, things you've done in your life, your job history, your volunteer work, your hobbies, any sports, etc. Make note of your skills. Note the things you absolutely hated in the negative column to help you identify things that you would not want to do. For instance, if you had jobs you absolutely hated, put them in the neg column. If you loved the job, but hated doing inventory, note that.

This will give you an excellent starting point to finding a business that's right for you.

Once you have made your choices, begin your research into those categories. Look at Clickbank's lists, check out Amazon for the best sellers on your subject, run keyword searches and see how the stats are regarding searches and competition. This will give you a good idea if you are going in the right direction.

If there's a good amount of competition, you can be sure it's a profitable niche. Check them out. See what they're offering and how they're doing it. This will give you ideas on how to build your own business... and always keep an open mind. Keep your creativity turned on for ways you can make your business unique, better, more powerful.

There's a lot to learn about starting and running a business online. The key is to get started, stay focused on your main goal (don't be distracted by tempting business offers), and be realistic about your short-term goals and income potential.

You will learn a lot here on the Forum, from people like Andy. Don't forget to check the WF archives - run a search for whatever you need help with and you're sure to get a lot of threads that provide excellent answers.

Stay positive!

Sylvia

Hi Matt,

You're completely right about keeping things simple - however, starting with something like article marketing might sound like a nice gentle way to get started - but life is short and sometimes starting something just because you can does not put you on the road to get where you were hoping to get.

If your plan is to make BIG money, then whatever model you choose needs to be able to get you there.

A lot of people start with 'something' and end up putting in a lot of time and effort (years) and not getting anywhere near what they wanted - because they chose a strategy that would never get them there, just because they wanted to start 'something'.

Andy

hi. i think the best way to help newbies is to actually help them build their career. i had been reading posts of newbies finding jobs but most of us ignore them. my point is, let us first guide them to the right way. some newbies failed because they easily want to get up but they forget, it would take time. though some are lucky enough to make it in a shorter span of time.