5 Bits Of Bad Niche Marketing Advice?
This post is designed specifically for those who have not yet made the dive into niche marketing. The key is to just get started, pick a niche, and then market to it. The following advice will get you past some of the more common roadblocks to niche marketing success.
1. Stop doing research. While research is important to selecting a good niche, you can also get into a rut where you are doing research, but not taking action. Stop! Your research is done, for now. If you have even the slightest hint of a niche topic then go for it.
2. Stop thinking ‘perfection’. The perfect niche does not exist, so you can’t find it. Some niches may be a better match for you, but you will never know until you try one. The problem is that the niches that tend to make the most money are competitive, while those that aren’t competitive are more risky.
3. You can always get better, but… Only if you start. Don’t be afraid to learn from a lack of success. I like term ‘fail forward’, you take action and keep improving. Nobody gets it 100% right, 100% of the time. Don’t let the fear of failure stop you.
4. You can’t pick the ‘wrong’ niche. Just as the perfect niche doesn’t exist, neither does a completely wrong one. The worse thing that can happen is that you will pick a niche that doesn’t work for you. Good. Now you know to try another one. I can guarantee that the lessons you learn from your first foray into niche marketing will help you immensely in each successive one.
5. Do it wrong on purpose. Now I’ve gone too far, right? Hear me out. Remember, this advice is for those who still haven’t taken that first step. Well, I am giving you permission to do a lousy job. Pick a niche that doesn’t interest you, has no apparent market, don’t do enough research, get an irrelevant domain name, don’t promote it, etc. This will force you to learn some things that you can then apply to a niche you ARE interested in. In other words: If you are going to learn from your mistakes, you may as well get them out of the way early.
Niche marketing has its share of challenges, but it makes it harder if you are your own worst enemy. There is a wide chasm between understanding niche marketing theories and learning from experience – it’s the difference between thoughts results.
If you want tons of ideas and other advice on how to cash in on niche marketing, choosing niches, free downloads, personal assistance, exclusive information and more to increase your profits then visit ProHotList now to take advantage of all your membership has to provide.
The Power of Feedback
Regardless of your business model as a niche marketer, you will have greater success when you receive feedback from people. This feedback can come in several forms. Here are a few things to consider.
1. You have to ask for it. True, there are times when people will make comments because they feel compelled to do so, but this is rare and will not give you enough feedback for real improvement. So, you simply have to ask people to voice concerns, suggest improvements and ask questions. Request feedback from the moment people are first exposed to your offer, all the way until they break the arrangement (such as unsubscribing or wanting a refund).
2. Negative feedback is better than …no feedback at all. And, in many ways, bad feedback is better than the goo kind. Why? Because this is where you get signals on what you can improve. Sure, you will get people who are having a bad day and take it out on you, but even then there may be some truth hidden in their vitriol. On the other hand, you may notice patterns in the messages you get; take note of these.
3. Use good feedback, too. While negative comments can help you improve weak areas in your business, good feedback reinforces what you are doing right. Again, if you spot patterns of good feedback, then be sure to highlight or ramp up that part of your business.
4. Don’t take it personal. Some people are afraid to ask for feedback because they are afraid of what others will say. After all, they have spent their time and money to get up and running. They are invested emotionally, as well. But, if you are afraid of your feelings getting hurt, then you will not go far. A simple way to handle this (besides getting a backbone) is to disconnect your emotions from the equation. Think that this is nothing more than business and that you now have a suggestion on how to do even better.
5. One comment does not a business make. Now, while you need to consider all of your feedback seriously, not all of it should be implemented. You still get to make the ultimate decision about what’s right for your business.
How you ask for feedback is less important than actually asking for it. Let people know you value their opinions. Just be sure to do your best to get those opinions from them – your success depends on it.
If you haven’t yet checked out the ProHotList Forum, you may want to do so now. There are frequent updates about the hottest niches, marketing advice, freebies, and YES a chance to offer suggestions and feedback.
Niche Marketing Tips – The Niches Where The Big Bucks Are
Okay, let’s stop fooling around here. You want to make a boat load of money and retire in a year or two? You need to hit the niches that are in such great demand that prospects would trample over their next of kin to buy what you have to sell. The problem is, most marketers don’t really know what the hot niches are. Well, I’m going to reveal them right here, right now, in this article. So take notes.
The hottest niches are those that all relate to our addictions, sad as they are. I’m talking about gambling, drinking, smoking and relationships. Think relationships aren’t an addiction? Tell that to the gal who can’t dump her loser of a boyfriend. Turn on the TV and half the ads you see are for dating sites. And even with smoking ads banned from TV and radio, you think sales have slowed down any? Not a chance.
But hey, if you’ve got a conscience and don’t want to get involved in any of those niches, there is always making money. People are always looking to get rich. Why do you think lottery sales are through the roof? Why do you think Vegas and Atlantic City are booming with gamblers. Everybody is looking for the big score. So if you can give somebody a legit way to earn a buck, they’ll jump all over it.
Then of course we have another really big problem. Even though we have a nation of smokers and drinkers who are killing themselves, people don’t want to die either. So health is also a big thing. If you can give somebody who is smoking a great 30 day system for kicking the habit, they’ll pay just about anything for it. Overweight people will sell their soul to find a diet that actually works. And the poor guy with cancer would kiss a frog if it would cure him.
These are the big things that sell. Yes, there is a ton of competition and breaking into these niches is not easy, but if you manage to make your mark in one of them, you can probably retire after a few years. The money being spent on the above things is indecent.
Of course if you’d rather just find something that isn’t like trying to break into Fort Knox, you might want to check out the free report in my signature that will show you how to find niches that don’t require you to be a Donald Trump to break into.
To YOUR Success,
Steven Wagenheim
Pick up your FREE report at http://www.nicheresearchrevolution.com/report.html on how to research profitable niches so you’re not spinning your wheels trying to find that diamond in the rough. They’re out there…You just have to know how to find them.
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3 Simple Niche Marketing Money Makers
While niche marketing seems to have lost favor in some circles, I can assure you it is still making money for plenty of people. Consider this, anything that’s sold can be put into a niche of some kind. The real question is how specific the niche is. For anyone interested in profiting on the Internet, what really counts is the amount of money the niche makes. What follows are three areas any niche marketer should be well-versed in.
1. Affiliate products- ClickBank and CommissionJunction are the two best-known affiliate services available. There are different requirements depending on each affiliate program, but you basically get a coded link to make sure you get credit for any sales you generate. The nice thing is that you do not have to go through the hassle of creating products of your own. In fact, you can look at affiliate product stats to get an idea of which products sell the best, and therefore, which niche to market to. The key to selling any affiliate product is to differentiate yourself from everyone else. Most people will simply take any provided marketing materials and use them as is, but if you make it fit into your unique site, you will stand out and make more sales.
Pros: The product is already created. Niche market research is usual done before the product is released. Sales pages and other promotional materials created for you.
Cons: High competition to sell the same product. Can be a numbers game, where you send a lot of traffic to get a few sales. Takes more know-how to do really well. Only get a share of the profits.
2. AdSense – Google offers a way for anyone to make money online. Provide good content, and be careful in selecting keywords, then add a snippet of code; and before you know it you have a few ads people can click on, on your page. The better job you do at selecting relevant keywords will lead to more relevant ads being shown on your page. This means there’s a greater chance someone will click on them and put money in your pocket.
Pros: Free to use. Fairly easy to set up. Passive stream of income.
Cons: Little to no control over ads displayed. Clicking an ad takes people off your site.
3. Create your own products – If you are knowledgeable in the niche you choose, then you may be able to write a guide or series of special reports that you can sell to people on your own. It is not as much work as you may think – especially if you like the topic you are making a product for. Establishing yourself as an expert will generate more trust in potential customers. One more thing, you can always hire someone to write it for you. Doing this may cut into your overhead, but getting a professional writer to flesh out your ideas can add to the finished product’s overall value.
Pros:You have full control over the product. You keep all the profits. You can add any links, upsells or special offers you like. Less competition.
Cons: Takes time and effort to create products. Research has to be done; both before choosing a topic and while creating the product.
While this is not a comprehensive list, it does give you an idea of the basics. These three methods have made many people wealthy, and there is no reason why you can’t get a piece of those profits.
So, it is safe to say that niche marketing is here to stay, and profitable as ever. There is no one method that is better than the other, which is why the pros and cons are listed. Understand the differences, and select one that you think will work best for you. Above all, take action. You have to do something if you want to see results. For example, you can join a growing number of people in the ProHotList membership forum. Where new niches are revealed along with unique insights that will put you ahead of your competition.
