Can a newbie succeed in IM niche?

by loi77
32 replies
Hi everyone,

Do you think a newbie like myself can succeed in IM niche? After all, it is the most competitive niche and you are competing with the big guns. Do I have to be successful FIRST before entering this niche?

I really appreciate you advice.

Thanks,
David
#im niche #newbie #niche #succeed
  • Profile picture of the author vtotheyouknow
    Hi David,

    There are WAAAY to many people giving out advice about making money online when they have no business doing so.

    Toying with people's time, money and psychological well being because you think IM is a "good niche" is seriously bad karma.

    Build a successful online business first (there's that "b" word again), and when you have something genuinely valuable to offer people who were once in your position that might save them some of the growing pains you went through as a n00b, THEN make your play for the MMO niche. Not before.

    Just one man's opinion..
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  • Profile picture of the author JohnDBrewer
    David,

    You can but you would have to focus on a tighter niche than just the IM niche...it is to general. At least that is what I have been told. I am going through Jeff Dedrick and Liz Tomey's Coaching program to help me understand what to do but I am a newbie myself who is trying to break into the IM niche myself. I was thinking of putting together a program similar to Jeff and Liz's but when i was a little more successful and had the fruit on the tree. But that is the Coaching niche in the IM niche. I hope this made sense and helped.

    John
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  • Profile picture of the author Adrian Int
    Hey there, David.

    You're not the first - nor the last - person who will ever go down this road.. haha

    Here's my honest advice. Don't try to teach what you don't already know and fully understand.

    Get some real experience in a particular field first before you create a product related to it, or you're setting yourself up for failure in my book.

    There are already a lot of successful (and many not so successful...) people in the "I.M. Niche" who you'll be in direct competition with. There are a lot of questions you should ask yourself before you get too far into this.

    Ask yourself...
    • Is this a market I can "win"? (Who is my completion?)
    • What do I have to offer that no one else offers?
    • What do I do really well or what do I do better than other people?
    • Why would someone listen to what I have to say?

    If you've come up with satisfactory answers so far... keep probing..
    • Is the market big enough to justify the effort?
    • What are the barriers to entry into this market?
    • Can I leverage work I've already done to make this venture more successful?

    If the answers are still good.. keep going...
    • How long will it take me to have this project come to fruition?
    • How long will I be in this market? (Is it dwindling or growing? Will I still be interested in it later?)
    • Is this a good use of my time?
    • Is this the BEST use of my time??

    If you just answered all of those questions with confidence.. You might be ready to get into the "I.M. niche". If you didn't have a good answer for all of them.. you might want to think again, or at least figure out a way to position yourself so that you DO have a good response to all of them.

    Most people have better success doing something they're good at and enjoy than something someone else recommended. Are you in the I.M. Niche because you WANT to be or because you've seen others do it successfully?

    Without Passion, you'll never live the "I.M. Lifestyle" that we're all lured by initially.


    Just my 2 cents.

    Cheers,
    -Adrian In't Veldt


    PS: Lets say you went ahead and did this. I'm hoping that you would build a list of prospects (and/or customers) to contact for back-end sales.

    With such a broad list, it will be hard for you to provide them with targeted offers in the future. You'd have to, at best, do a lot of secondary opt-ins to start splitting your list into more targeted sub-lists.

    Why not just create a well targeted list in the first place?

    Your products will be easier to promote if they're not marketed with a "shotgun" approach. Precision is key.


    PPS: I don't mean to discourage you. The truth is that a lot of people fail in this industry, and frankly a lot of those failures are because of poor research, poor planning, and poor execution. I don't think anyone who responds to you in this thread wants to see you fail.

    I know I don't.

    If you're set on the I.M. and you have some background in it... If you've for the passion for it and an see yourself doing more things in the field in the future with that same passion... then I would recommend that you intensify the niche.

    By intensify the niche, I mean take it a step further. Don't get into the huge market for cogs. Don't get into the large market for red cogs. Get into the under-serviced market for red cogs with a 20"-30" diameter.

    I hope you understand what I mean.

    Best of luck, David!
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  • Profile picture of the author tumbi
    Hi David,

    I am a newbie like you as well, and i believe that any niche is as competitive as I.M niche, but throughout the Internet there is valid proof that IM niche is the most profitable one,

    I think with right guidance and a good mentor you can succeed in this Niche,

    You just have to look for good people who would like to help you, and not just take your money..

    I have been looking for somebody like that for last six months, finally i enrolled in a course of Alex Jeffrey, i think with his training, i will reach that goal,

    The important thing is that what you believe, do you have what it takes to be successful in IM niche, if you have the passion and drive, there is no stopping you.

    I hope this helps, and wish you good luck.

    Thanks

    Tumbi
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  • Profile picture of the author chouxbear
    Hey Adrian - what great advice - thanks
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  • Profile picture of the author loi77
    Hi everyone,

    I really appreciate all your honest advice and opinion. I am NOT actually in the IM niche and I don't intend to enter this niche in the near future. I know it is extremely competitive and very tempting because it is such a profitable market.

    I am focusing on research and learning at the moment. That's why I am asking for your opinion... :-)

    As a newbie, I am bombarded with products to teach me how to MMO. So I am thinking; Are the people selling these products because they can't make money in other niches? Are they actually successful Internet Marketers? Do they making money just by selling IM products?

    Love to hear more from you.

    Thanks everyone,

    David
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    • Profile picture of the author wilsonljx
      Originally Posted by loi77 View Post

      Hi everyone,

      I really appreciate all your honest advice and opinion. I am NOT actually in the IM niche and I don't intend to enter this niche in the near future. I know it is extremely competitive and very tempting because it is such a profitable market.

      I am focusing on research and learning at the moment. That's why I am asking for your opinion... :-)

      As a newbie, I am bombarded with products to teach me how to MMO. So I am thinking; Are the people selling these products because they can't make money in other niches? Are they actually successful Internet Marketers? Do they making money just by selling IM products?

      Love to hear more from you.

      Thanks everyone,

      David
      I understand your frustration.There are some people who are not successful and yet they claimed themselves gurus. My advice is to stop buying products,instead invest in coaching programs which can be more practical for you to take action. Getting information products will only get to know their techniques and it is not realistic for a beginner to get exposed to that since you have not learn the ropes yet.

      Good Luck!
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      • Profile picture of the author loi77
        Originally Posted by wilsonljx View Post

        I understand your frustration.There are some people who are not successful and yet they claimed themselves gurus. My advice is to stop buying products,instead invest in coaching programs which can be more practical for you to take action. Getting information products will only get to know their techniques and it is not realistic for a beginner to get exposed to that since you have not learn the ropes yet.

        Good Luck!
        Thanks Wilson.

        This exactly where I am at; find a good coaching program. Can you recommend any?

        Thanks again
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        • Profile picture of the author opt in
          Originally Posted by loi77 View Post

          Thanks Wilson.

          This exactly where I am at; find a good coaching program. Can you recommend any?

          Thanks again
          Most Internet marketers will agree that Chris Farrell (A reputable Internet Marketer) program is great for newbies and will give you a great start.

          Here's his link:

          ChrisFarrellMembership.com | How To Make Money Online

          Good Success

          David
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    • Profile picture of the author Adrian Int
      Originally Posted by loi77 View Post

      As a newbie, I am bombarded with products to teach me how to MMO. So I am thinking; Are the people selling these products because they can't make money in other niches? Are they actually successful Internet Marketers? Do they making money just by selling IM products?

      Love to hear more from you.

      Thanks everyone,

      David
      My apologies for misunderstanding your original intent with the thread. :p

      I agree that a coaching program is probably a great bet for you, if you're coming into this "blind". I know I've nosed into a few and honestly they've all been worth the investment.

      I haven't taken advantage of all of the methods I've learned.. not by a long shot.. and honestly I doubt I will ever implement EVERYTHING I've ever paid to learn.. haha.

      There are a few stages you'll go through if you decide to try to go it alone.

      Stage One:
      "I don't know what I don't know".

      This is the most dangerous stage for your poor bank account... this is where many people buy EVERYTHING they can get their hands on. I'm talking they buy every WSO of the day in some cases... lol. It's hard to make a good buying decision when you have no idea what you're doing.

      Stage Two:
      "I think I know what I don't know".

      Your business is starting to take shape. Maybe you've made your first sale now (Woo Hoo!) and have your first website or blog or... whatever you're working on. You're not making as many purchases, but you still haven't decided precisely what you want to do. Everything seems like a good idea, at this point.

      Stage Three:
      "I know what I don't know".

      Finally... You've got a solid plan for what you're going to focus your efforts on. Now any purchases you make are strictly related to what your particular business model needs and you've got all 4 wheels on the pavement getting some decent traction. You don't really consider yourself a "newbie" anymore, but you know you've still got a ways to go.

      Stage Four:
      "I know what I want to know".

      By now you're confident. You've made enough sales that you can honestly call yourself an "internet marketer", now. You start to explore new ideas and ways of doing things that are inspired by your own thoughts and experience.

      You probably also have a decent network of contacts in the field and within your niche now, which is great because you've discovered that you love to bounce new ideas around with them.

      At this point you have a clear idea of how you want your business to look in the future and have learned how to leverage your prior work to make new projects more successful. This is where you wanted to be when you started out!


      As I mentioned.. you want to get to step 4.. as soon as possible!

      I think you'll find that a solid coaching program will land you somewhere close to "stage 3" in most cases, which is awesome because it means that it'll save you a ton of money you would've spent on other stuff.. haha.

      The only other thing I want to say is really just a repetition of something I said earlier...

      Make sure your heart is in it. You won't see success that you're happy with until it is! The reason why we start our own businesses is so we can do what we want... not what someone else told us to do. :p


      Cheers to your future success, David.

      -Adrian In't Veldt
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  • Profile picture of the author loi77
    I am so glad that I haven't gone down this road just yet. But I am sure many newbies are entering this niche without fully understanding IM.

    Thanks Adrian.
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  • Profile picture of the author joekyut
    I believe you can do anything you set your mind on and the IM niche is no exception, Why? All you need is to teach someone new i.e. someone who doesn't know what you know and not focusing on teaching the Gurus. That way you will always have a market.
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  • Profile picture of the author Pauline Bennett
    I agree you need to find yourself a good mentor first and learn, learn and learn before you even attempt to get yourself out there. Chris Farrell is great as is Alex Jeffreys.
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  • Profile picture of the author loi77
    Thanks Adrian for the great advice!
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  • Profile picture of the author Haris Tahic
    Study from others. Always be the leader. Use every moment to monetize something what's hot.
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  • Profile picture of the author brettb
    > throughout the Internet there is valid proof that IM niche is the most profitable one

    Total nonsense!

    Does WalMart make money from telling people how to make money online? Of course not.

    The IM niche is tiny.
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    • Profile picture of the author GeraldNitram
      Originally Posted by brettb View Post

      The IM niche is tiny.
      I could have said the same. There are a lot of successful niches on the Internet, and IM's just one of 'em. I'm not discouraging the OP here, or anything. The thing here is you shouldn't expect that much.

      To answer the OP's question, yes, there's a chance that you can make it big in the Internet marketing niche. As the others have said, a lot have already shared what they do to become successful in this niche.
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      • Profile picture of the author ruki
        I am a newbie too and i have found that it is a minefield out there. You get advise from all kinds of people some good some bad.

        Get on a coaching program if you can, I have just jumped on the Alex Jeffery one and it is the best thing I ever did. (No he is not paying me for this, I wish he was )
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  • Profile picture of the author davejug1
    Well I would say that if you can position yourself as the expert in any field, there is money to be made. The IM niche is so large to not really be considered a niche any more.

    Positioning yourself as an expert with no actual knowledge is fairly easy in general but you have to do it right. Look at SEO for example, how many "experts" are there? Look on this forum alone and you will see at least 200 people trying to position themselves as the expert based on the fact they have read one SEO ebook.

    Now ask yourself how you could quantify their relative success. You could look up "SEO service" on Google and you can pretty much guarantee that the results in the top page are the true SEO experts. Everyone else (in my eyes at least) is a failure, It's a results business.

    So they have to "position" themselves as the expert while hoping nobody asks them to prove it. In essence, the whole business of Internet Marketing is the ability to position oneself as the go-to person in your chosen niche.

    So how do you position yourself as an expert internet marketer?

    If you can figure out the answer then the IM niche is within your means.
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  • Profile picture of the author Viramara
    Even people who are already IM veteran or "expert" giving almost zero value to their list other than sell, sell, sell. Some just mails nothing but only pointing their list to their ad-swap partners. Or even if they're giving advice, they give a very generic or bland advice.

    So there's no guarantee even if you're an expert or experienced marketer, that you're able to give value to your subscribers. Some people will try hard to give them value, build relationship and interact, etc. Some marketers just view their subscriber as a numbers of $$. It all depends on the marketer.

    So yes, newbie can give a value in IM niche if they're willing to do the opposite of majority marketers do (i.e. selling a lot, giving little value, hiding behind computer screen or support team). Nowaday everyone can build IM list through solo ads. Hence, traffic barrier might be not a main problem. Obviously the only barrier is knowledge. If he doesn't have this, he's as well a blind guiding a blind. Regardless how sincere or honest he is.

    What could a newbie share to his subscribers if he himself still a beginner? He could do :

    - Share his past mistakes when venturing IM journey and how other people can avoid his mistakes
    - Get some experience first in IM, in other non-IM niches, to get his feet wet.
    - Learn from other marketers, i.e. from courses and coaching program.
    - Re-writing PLR (caution : must double check if there's a "questionable" or out-of-date advice)
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  • Profile picture of the author RedShifted
    I don't think you need to give up on the IM niche entirely it would just be wiser to start with smaller goals first. Smaller goals being smaller niches.

    The less competitive the niche, the more motivated you are likely to stay imo.

    Thats what I'm doing, and so far I'm not losing any motivation. =]

    -Red
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  • Profile picture of the author Chris-
    As others have mentioned, it's a better idea to focus on one small area of IM, learn it very well yourself, then you can give genuine advise and value to others. Best of all if you can pick a sub-niche that you are interested in, and which you can realistically learn yourself, so something small enough to learn fairly quickly, something which others want etc.

    Spend some time reading the info on the WF, and you are sure you find a bunch of ideas (and/or have a look at my list (in my sig.) which will give you more IM ideas).

    Chris
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  • Profile picture of the author Miguelito203
    Originally Posted by loi77 View Post

    Hi everyone,

    Do you think a newbie like myself can succeed in IM niche? After all, it is the most competitive niche and you are competing with the big guns. Do I have to be successful FIRST before entering this niche?

    I really appreciate you advice.

    Thanks,
    David
    You can, but it's not really about the competition. After all, all niches worth going after have competition. In order for a newbie to succeed in internet marketing niche, you have to have gone through a legitimate program and seen success. You also have to know about the products and people in this industry.

    Joey
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  • Profile picture of the author dayus444
    ...Of course a newbie can. There are still a whole lot s of people who have never heard of the term internet marketing. There are people who are are just making up their mind right now on what to do online to make some $$. These people should be your target
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  • Profile picture of the author ImamHariyanto
    Anyone can be success in IM niche, buddy..
    It depends on your effort, more effort will give more money.
    Just focus to improve your knowledge and skill about IM niche.

    Start with building your own site, it will be your asset forever. After that you can develop or expand your business model.
    You can learn for free by this forum or others.

    Good luck
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  • Profile picture of the author Joseph Robinson
    Banned
    Let's say I was a newbie surgeon, would you let me practice on you? Probably not. I'd imagine people trying to learn business would feel the same way about you trying to practice on them.
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  • Profile picture of the author WishfulDoing
    I don't think IM newcomers should attempt the IM niche. Even if they put up a nice blog somehow, they would have to rely on rehashed content that is already on the internet. It would soon become apparent to readers that they don't have experience.
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  • Profile picture of the author larry1113
    Yea sure you can. Just have integrity while doing so. Don't teach how to make a million dollars if you haven't already.

    Provide real value. So for example, if you're a newbie and you have no results yet one way to provide a ton of value is to interview some big timers package it up and then sell it as a product.

    Then after you're selling the interview product consistently, you can create another product teaching the process of selling an info product.

    Get it? Good luck!
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  • Profile picture of the author murphyslaw
    Getting mentoring help from a veteran will go a long way in getting established in the IM field.
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