Can you make big money with small niches?

Same, I would love to earn big money in a small niche.

There is a ton of money to be made in small niches. But, you need to have a portfolio of small niches to get into the really big money.

Now, I like being in the bigger niches because it is easier to make big money. But, if you master a couple of small niches you can easily get into the big money as well.

Actually, I know a dude that is simply killing it in a ton of different niches. He puts together nich after niche and blows it out of the water.

He is actually making in the seven figures.

Hi

I just recently started to adapt to becoming full time IM soon, but I have noticed that it seems that everyone says it's best to actually have an established market, one that is in demand and quite a lot of competition. The reason being that a lot of competition means a lot of trade which means that there is going to be a substantial amount of money to be made, but you will have to be extremely competitive and outflank your competitors like if you were having a war.

However on the other hand, small lucrative niches are equally profitable as you don't have to compete with as many competitors on price, added bonuses, free gifts etc....
But how much money will you make if there is a smaller fan base?

Equally, if you can find a small lucrative niche market, which is always in demand and has a huge customer/fan base but is hardly exploited then that maybe a better option. And if you could develop that into a membership site which recurring income - I guess that would also be great too.

Alternatively, you could go with what your interested with, after all, there's nothing worse than promoting something you hate, would get bored and lose interest after a while or even worse, just putting it off all the time because you can even bear to look at it or put any effort in.

I hope I haven't confused you any further and good luck with whatever niche you decide

You could also try creating a few smaller niches that are along the same theme which lead back to a bigger niche that is in the same theme. Doing this allows you to build the legs (small niches) for the base (bigger niche).

Once you've completed this setup you can then move on to another entirely different niche again, focusing on building the legs first (small niches) before workign on the base.

An example might be the following:

Car insurance
Life Insurance
Health insurance
Pet insurance
Travel insurance
Home insurance

Those are the small niches (well not that small in this example) but they can lead back to a large insurance website you create as the authority hub.

Or you could just focus on one particular insurance product - Say auto insurance. This becomes your big niche and your smaller niches then become the following:

Missouri auto insurance
California auto insurance
Washington auto insurance
etc....

I realize that example is still extremely broad so maybe this paints a better picture

Big Niche
Pest Control

Smaller niches
Bed bugs prevention
Termite prevention
Spider Prevention
Snake prevention
Rodent prevention
Roaches prevention
etc...

Respectfully,
Tim


Tim

Here is another way to think about it.

Do you like plugging away at something that will eventually lead to a good payout even though it could be a ways down the road? Then the big fish may be for you.

But, if you like seeing winning small battles on a regular basis, then you may enjoy going the mini niche route.

Both can result in big rewards. My ADD condition actually favors the mini niche route

You can make $500-$1,500 in small niches, selling information products, just scale it to 10 or more niches and u can make some nice money with it.
In many niches there is none or small competition on Google so it's easier to dominate it, but also not much traffic to gain.

I'm looking at a couple of small niches to pursue, because although they may be harder to building a consumer base, once you have a faithful following the small niches groups will be committed to you and your product / services since you meet their need the most.

Google Perry Marshall.

A modern day sage.

Good stuff.

Seminal player ... who is smart ehough to simplify things for you.

Yes, small niches are very easy to dominate and you get something you rarely find with the bigger niches, loyalty. Put out good content, good products, and setup a small forum like this one and you'll be pretty much be crowned as the king for that niche