online technical and money making tips

In this blog post I am going to help you create
the correct mindset and identifying profitable
niches (including sub-niches).
And more particularly I am going to talk about
profitable niches for a newbie or semi-advanced
marketer. So if you are not a “guru” marketer that
makes millions in the most profitable markets in
the world, then this blog post is for you..
Ok. So if you want to make money online you
can become an affiliate and make affiliate
commissions or sell your own product. If so
then you have to find profitable niche markets
that you can market to. Targeting in the wrong
niche will not make you money!
But WHAT exactly is a profitable niche?!
Is it only a niche with lots of interested people?
Is it only a niche with lots of buyers?
Is it only just an untapped niche that none other
marketers are selling at?
Well to my eyes from all the years I’ve been
marketing online I discovered that a profitable
niche is where..
1. A group of people that has a common
PROBLEM.
2. There is a SOLUTION to their problem.
3. People are SPENDING MONEY to get their
problems solved.
4. You can REACH all these people.
5. People BUY your solution (the one you
recommended or the one you created).
I will explain everything below.
So let me ask you a question. Do you know WHY
people buy stuff? To solve a problem. This can be
a BIG or a small problem. People are paying for
something (product or service) because it’s going
to solve a problem. That’s why you are opening
your wallet every day to buy food, furniture,
software, property, car insurance, stocks and
even INFORMATION (eg. internet marketing
products). To get your problems solved.
Now the niches that have the biggest and most
serious problems (eg. health problems, money
problems, family problems) have the most
buyers. Why? Simply because in those niches,
people are DESPERATE to get their problems
solved (in most cases anyway). This is where
people are spending money for a solution.
So this is where we as internet marketers/affiliates
come in. To offer a solution either by selling our
product or by simply selling someone else’s
product as an affiliate.
Now the next part (which I believe this is where
most marketers/affiliates fail) is to reach all these
people (that have a problem and have the
money) and convert them into buyers. One
reason is competition. This is where most of you
(and even me) most of the times fail and we then
simply chose an easier niche to target which in
reality it’s NOT profitable!
But Andreas isn’t competition bad?! Because I will
have to spend money or time? Actually
competition is good because it shows you that
there is money spending in that niche. You
definitely DONT want to lose your time and
money in a wrong niche.
Of course that’s a VERY large subject and can’t be
covered completely in a single blog post or even
in a 100 pages ebook. Hundreds and hundreds of
traffic products (information that gives a specific
solution) are available in the market today. So I
just wanted to mention that there are only two
types of traffic. Paid and Free. Which one is the
best? Of course it depends from the source of the
traffic (Facebook, Google Adwords, Search
engines, banners advertising etc). But in order to
be a profitable for you (hence a profitable niche
for you) it depends on how much “investment” it
requires you to have. How much does it cost
(money and time) you marketing in that niche?
If your expenses (I will call it an investment) are
lower than your earnings then the niche is
profitable for you!
Of course in order to make a profit you have to
convert the traffic (the desperate people with
problems and spend money to solve them). Give
them value! A good solution and even more
value (by giving a bonus) and that niche will be
profitable for you!
It can be a tiny sub-niche and you earning might
be just $50 per month. It doesn’t matter! All that
really matters is if you can make a profit from
that specific sub-niche.
So basically a profitable niche is all above EVEN if
there are not millions of buyers. The secret is
finding lots of profitable sub-niches and
then leverage on those profitable niches
with some smart marketing.