Is Success Easier To Achieve In Non How To Make Money Niches?

22 replies
Question?

Is it easier for a newbie to achieve success ( as defined by steady, decent income ) in the numerous niches that have nothing to do with selling how to make money materials?

I understand that most niches are competitive and competition online is generally a good thing, but the how to make money niche has one characteristic that no other niche has, that in my humble opinion makes it extra, extra hard to make money - especially for a newbie.

Do you know what it is???

I will give the correct answer tomorrow at 12 noon.

Hope This Sparks Thoughtful Discussion!

TL
#achieve #easier #make #money #niche affiliate marketing #niche audiences #niche marketing #niches #success
  • Profile picture of the author CurtisN
    If by newbie, you mean someone who has little marketing knowledge or experience, then this newbie will have an equal chance in any niche (no chance). To succeed online, you need knowledge and once you get it, you're no longer a newbie anymore.

    Once you're an intermediate/advanced marketer, or whatever you want to call it, then it is much easier to succeed and dominate in other niches because of the saturation of the make money online niche. This is because a lot of people who are making money in other niches just don't have the first clue how to do it properly but they're cashing in anyway. That makes it easy for someone with IM experience to swoop in.
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    • Profile picture of the author TLTheLiberator
      Originally Posted by CurtisN View Post

      If by newbie, you mean someone who has little marketing knowledge or experience, then this newbie will have an equal chance in any niche (no chance). To succeed online, you need knowledge and once you get it, you're no longer a newbie anymore.

      Once you're an intermediate/advanced marketer, or whatever you want to call it, then it is much easier to succeed and dominate in other niches because of the saturation of the make money online niche. This is because a lot of people who are making money in other niches just don't have the first clue how to do it properly but they're cashing in anyway. That makes it easy for someone with IM experience to swoop in.

      I agree that someone, once schooled with aggressive tactics gleamed from places like this fine forum can usually mop up the competition in other niches and quickly become an expert in niche subjects.

      Newbies attempting to compete in the how to make money market have a much, much harder time gaining traction because of lack of credibility ( telling others how to make money ) and other factors particular to the how to make money niche.

      Very few get away with the fake (success) it until you make it gambit.

      TL
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  • Profile picture of the author TLCarroll
    I believe it is far easier for a newbie to achieve success ( as defined by steady, decent income ) in the numerous niches that have nothing to do with selling how to make money materials.

    A prime example is newbies who have read some gurus ebook where they were advised to "join a forum" so they join an established "make money online" forum and try to implement what they read and they end up having thier collective buttocks handed to them, more's the pity.

    Truth is, the make money online crowd is unique in that they are largely not interested in BUYING make money products. They are largely interested in SELLING thier products.

    A notable exception is when a guru puts out a product, regardless of it's quality, then the herds stampede en masse. I've often wondered why. I suspect some may think it somehow endears them to the guru and might allow for a future JV. I'm not positive, but it might be a bit of that.

    In non moneymaking niches one has the opportunity to actually BECOME the guru. That difference fuels the success found there if handled correctly.

    But this is all simply my opinion.
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    • Profile picture of the author TLTheLiberator
      Originally Posted by TLCarroll View Post

      I believe it is far easier for a newbie to achieve success ( as defined by steady, decent income ) in the numerous niches that have nothing to do with selling how to make money materials.

      A prime example is newbies who have read some gurus ebook where they were advised to "join a forum" so they join an established "make money online" forum and try to implement what they read and they end up having thier collective buttocks handed to them, more's the pity.

      Truth is, the make money online crowd is unique in that they are largely not interested in BUYING make money products. They are largely interested in SELLING thier products.

      A notable exception is when a guru puts out a product, regardless of it's quality, then the herds stampede en masse. I've often wondered why. I suspect some may think it somehow endears them to the guru and might allow for a future JV. I'm not positive, but it might be a bit of that.

      In non moneymaking niches one has the opportunity to actually BECOME the guru. That difference fuels the success found there if handled correctly.

      But this is all simply my opinion.
      You're right on all points.

      One of the main profit draining characteristics of the how to make money niche is that most of your supposed prospects are actually your competitor also.

      So in a market that people think is overflowing with prospects is not really as abundant.

      The people...

      ... who seek to earn in the IM niche are fighting over 10-20% of the market of newbies and those looking for another option - as what they were doing ( selling biz op stuff ) has not worked out for them.

      Less than 1% of my income derives from the IM niche and I do not plan on counting on more.

      It's simply 10x easier to create a decent and steady income in other niches.

      TL
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      • Profile picture of the author jbsmith
        That's not entirely true.

        I operate within 3 different niche markets - one of them is a sub-niche within the IM space, the other two are completely outside of IM.

        Now that I have built full-time businesses out of each, I can accurately say that each has held the exact same potential.

        Here's how I would summarize it,

        The IM niche actually holds MORE potential in terms of both willingness to pay for information and emotional desire...if you come up with a product in line with a new trend, you can attract a rabid following very quickly.

        Other markets such as weight loss, personal development, pet training, relationships...hold equal potential BUT you have to be extremely focused with your targeting - off by a little and you will sell next to nothing.

        The trick with IM is to pick off a very specific sub-niche - ex. traffic generation with Web 2.0 sites, video creation and marketing, Adwords conversion tactics, etc... and test the hell out of it so you can find what works and what doesn't.

        You MUST choose your specialty, work yourself or with others to find out what works and what doesn't and then market it...you can do very well. It does require that you are ACTIVE in IM and that you are testing, then sharing your results.

        Jeff

        Originally Posted by TLTheLiberator View Post

        You're right on all points.

        One of the main profit draining characteristics of the how to make money niche is that most of your supposed prospects are actually your competitor also.

        So in a market that people think is overflowing with prospects is not really as abundant.

        The people...

        ... who seek to earn in the IM niche are fighting over 10-20% of the market of newbies and those looking for another option - as what they were doing ( selling biz op stuff ) has not worked out for them.

        Less than 1% of my income derives from the IM niche and I do not plan on counting on more.

        It's simply 10x easier to create a decent and steady income in other niches.

        TL
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    • Profile picture of the author dwshoup
      Good thread with good points.

      Most of the marketing information addresses how to make money online. This is what causes so many new IMers to go into this field. They simply are not informed about other niches.
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  • Profile picture of the author onera
    I think one should venture into make money niches after at least consistently making $10,000 per month for a year. I think there is no make money niche or every niche is make money niche. If you are successful in any niche, you are also successful in make money niche.
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    • Profile picture of the author DotComBum
      The most important thing is you have to have passion in what you are doing, if you have passion in teaching others to make money, even it's competitive as pointed out by you, you still can make money.

      Or if you are into baking cakes, come up with a baking site and you can make money from it too.
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      • Profile picture of the author TLTheLiberator
        Originally Posted by DotComBum View Post

        The most important thing is you have to have passion in what you are doing, if you have passion in teaching others to make money, even it's competitive as pointed out by you, you still can make money.

        Or if you are into baking cakes, come up with a baking site and you can make money from it too.
        Passion helps because it makes actually doing what you have to do a lot easier but the competition is a lot stiffer in the how to make money niches do to the fact that most of your prospects are also marketing their own products and it's really no place for a newbie.

        TL
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      • Profile picture of the author lrl
        Originally Posted by DotComBum View Post

        The most important thing is you have to have passion in what you are doing, if you have passion in teaching others to make money, even it's competitive as pointed out by you, you still can make money.

        Or if you are into baking cakes, come up with a baking site and you can make money from it too.
        Just a comment on the idea of passion for your niche.... In Niche Profit Classroom, we are told that it doesn't matter whether or not you have a passion for the niche. In fact, it doesn't matter whether or not you even know anything about the niche. It is key to select a profitable niche through the niche selection process and tool. Then build the product and site and follow the plan for free traffic. Of course, many niche marketers disagree with this plan, but it works. For instance, I don't much care for dogs, but I now know how to drill down and find specifics for making a product and site that sells.
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    • Profile picture of the author TLTheLiberator
      Originally Posted by onera View Post

      I think one should venture into make money niches after at least consistently making $10,000 per month for a year. I think there is no make money niche or every niche is make money niche. If you are successful in any niche, you are also successful in make money niche.
      Perhaps I should be much clearer.

      I'm talking about selling or making money off of "how to make money with an internet business" materials verses...

      ...selling or making money off of other niches or groups of people interested in stuff such as cars, shoes, TV's, wedding gifts etc. OK?

      TL
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      • Profile picture of the author ExRat
        Hi TL,
        I understand that most niches are competitive and competition online is generally a good thing, but the how to make money niche has one characteristic that no other niche has, that in my humble opinion makes it extra, extra hard to make money - especially for a newbie.
        It's not exactly hidden, is it?

        To succeed in this area you need to study, understand and develop the mindset of a marketer, salesman, business person. This is the niche that invents/supplies the tools that are used in all of the other niches to make more money.

        So all of your customers are somewhere along the path of learning these things. In order to learn them, they need to understand buyer behaviour. They also need to look at what others are doing, study their copy, look for the techniques that they are using to push buyers over the edge.

        Therefore, when you tell a prospect outside of this niche that something is free they typically think, 'Nice! A freebie.'

        When you tell someone inside this niche that something is free, they should automatically think, "Nothing is free, where's the catch? How does this make money, which technique is this pitch using to make the coin?"
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  • Profile picture of the author dndoseller
    Because I know IM I am able to beat out major sites like napster and blubster in the "free music downloads" niche for Google SERPS #1 position for certain very high traffic keywords! This is very, very competitive niche but promoting my music is a personal thing, so I do it anyway.

    However, occasionally I write an IM article in my personal non-music blog and I can never, ever find a single keyword combination that gets me to page one, and definitely not spot one. So the money making niche is completely overly saturated with highly optimized competition.

    That should show you the difference.
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    • Profile picture of the author staxx
      I believe ease comes with familiarity. You learn marketing, you apply what you've learned.
      The more you repeat this the more familiar with the mechanics of marketing, the more success you have.

      Now you're comparing the make money niche against all other niches. It is my opinion that they cannot be compared in this way.

      The definition of niche is: a position particularly well suited to the person who occupies it; "he found his niche in the academic world" academic, professional whatever.

      When you say making money that is a very broad way of looking at a niche.
      For instance if you were to look at "music" as a niche in the same way music is such a broad term. If you were to sell musical instruments you would have to break it down into interests. You could market drums to drummers guitars to guitarists and so forth. And there are so many instruments. Then you could sell CD's which would have to be broken down again into interests, genres and artist...

      My real point is in the money making niche there is lots of money to be made and all niches can be competitive. In order to compete I would say you have to get started specializing in smaller parts of any niche instead of going after a wide market.

      And above all with anything that comes under the money making niche, be successful making money yourself first. This is something that you can't really pull off if you are inexperienced. So for a newbie I would definitely say make some money in an unrelated area first.
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  • Profile picture of the author freudianslip27
    Sometimes we forget how competitive the internet marketing niche is. It is also one of the best niches to look at to find people that really know what they are doing, because of the competitiveness.

    On the other hand, it still amazes me how you can have even a mediocre knowledge of internet marketing and have fantastic results by taking that knowledge offline.

    Matt
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  • Profile picture of the author SDavis2702
    There's some great information and opinions in this thread.
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    • Profile picture of the author TLTheLiberator
      Originally Posted by SDavis2702 View Post

      There's some great information and opinions in this thread.

      Aren't you taught by the military to take the path of least resistance?

      TL
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  • Profile picture of the author Takuya Hikichi
    Another interesting way to look at the IM niche is that there are so many marketers quietly profiting in IM niche, bringing a concept that exists outside IM community.

    If you can bring a great concept to IM community and explain a refreshing concept that can shift the minds of people receiving the message, it doesn't matter if you're a newbie or experienced, people still can profit IM niche.

    IM market still offers so many opportunities not only because there are so many backend products/services/JV opportunites exist, but also because so many marketers follow the crowd. If you can zag, when everyone else zigs, there is a huge opporunity inside or outside this market. To succesfully faciliate this in IM niche, I believe a marketer really must know his/her strengths and focus promotion around it, innovate it and it's not an issue if you're new or experienced -- there is plenty of money to be made in IM niche.
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  • Profile picture of the author Rachel Incoll
    Personally I believe the non make money online niches are far easier for a newbie (in fact anyone in particular) to make money in as there's usually soooo much less competition.

    At the moment I make most of my income in a make money online market, but I don't particularly enjoy that so am working on a non-IM niche that I am very interested in.

    I started a blog in the non-IM niche at the beginning of the month just to start building traffic for other projects I have in mind. So far I've written 9 posts, 2 articles (only submitted to EA), submitted it to about a hundred directories, & done a bit of social bookmarking. I've also only written a couple of the posts targeting particular keyword phrases - the rest have just been designed to be of general interest, create a bit of controversy. Yesterday it received over 80 visitors, but mostly it's receiving over 40 visitors a day.

    After seeing these results, I've now 'dumped' 2 other make money online blogs I've been working on - 1 that's been up since the beginning of December & the other that's been up since June/July last year.

    Why?

    Well, the one that's been up since Dec. has had mostly keyword targeted posts made 5 times a week, submitted to hundreds of directories, had 10 articles written, RSS feed submitted to various sources & social bookmarking...but it would still only achieve about 25 visitors on it's best days. The other one that's been around since the middle of last year has performed in a similar way.

    Yes, I could have put a bit more work into the make money online blogs and built the traffic up even more (I know I haven't done as much as I could for them), but why bother?

    I was finding it a chore to sit down each week and write the posts for them and do the promotion. With the non IM blog I can write a 400-500 word post/article without even thinking about it and I don't find it a chore. There's also a MUCH bigger incentive to keep going with it when I see the results I'm getting compared to the others.

    It's definitely a LOT easier outside of the IM/make money online niche...I just wish I'd made the switch sooner !

    Rachel
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  • Profile picture of the author Roy Carter
    The answer is to STOP concentrating on making money in ANY niche and start doing what I talked about in this thread...

    http://www.warriorforum.com/main-int...uaranteed.html

    Seriously. Everyone talks about what niche is easiest to make money in etc and that's completely the wrong mindset.

    Roy
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  • Profile picture of the author WinsonYeung
    to start off, i don't recommend make money online niche first unless you yourself have archive making xxx money online
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    • Profile picture of the author TLTheLiberator
      Originally Posted by WinsonYeung View Post

      to start off, i don't recommend make money online niche first unless you yourself have archive making xxx money online

      Winson, this is the same advice I give to family members.

      After they've developed a money-making system of their own, then they can share their step by step with the world.


      TL
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