How To Find A Secret Niche To Make Millions Online:
One mistake I see new people in this business making over and over again is choosing the wrong niche to enter for their new website or blog. You see that one of the main thought processes of people is that you have to write about what you know and / or what interests you. This is a good idea in principle, but the problem is that so many affiliate marketers are from the same demographic ie males between 18 – 35. So you get a million skinny affiliate sites that all try to sell iPhone accessories or sports equipment. If you start your business around one of these ‘traditionally’ male tech / sports products you are going to be competing against all of these other people who have also failed to think outside the box and 99 times out of 100 you are going to fail.
Now I know that trying to think completely from your own experience can be very difficult, but believe me that the time spent is the beginning of trying to find that the untapped market can be clawed back many times down the line. Another big advantage of the untapped market that no one else notices is that you can be completely under the radar for months (if not years) before people realize how much money you are making. Indeed, it is some of those more “boring” industries that often save their owners the most in a short period of time. So I guess you are thinking what kind of markets / sectors it could be? Of course, I’m not going to give the farm in a single post, but here are a few areas to think about.
Reconcile
Clothing
Shoes
Office supplies
Packaging
Okay, as you can see it’s not very exciting, but when it comes to earning income online, the more boring the better in my opinion. So you are probably also thinking at this point of what kind of niches should you stay away from? Here are some areas that have ruined many dreams of affiliate marketers;)
Iphones (or anything apple)
Electronics in general
Books (you know Amazon does this right?)
CD (heard of mp3?)
Poker
Loans
Personal injury
Yes some of these niches are worth huge sums of money i.e. ranking on Google for something like ‘Personal Injury Claims’ could be worth over £ 1000 a day just in commission. However, most people are blinded by these kinds of numbers and go ahead without assessing the situation. Most of the sites in the niches above will literally have teams of people working full time on all aspects of SEO and not just getting the site to the top of the serps, but making sure it stays there. That’s not to say that there aren’t huge sums of money in other industries either (there is), it’s just not as glamorous and in most cases more hard to find.
So how do you find this new niche that will net you millions? Well, the two keys are patience and awareness at the same time. Anytime you are looking for something on the net (especially if it is a giveaway for someone else) you should have seoquake and take a quick look at the competition in that market. After a while it will become automatic and before you know it you will be entering the competition every time you launch Google it can get a bit long I have to admit but it will be worth it.
I should also mention that it’s not only the markets where there is little to no competition that you might want to start, but you also want to enter a market where you can offer something much better than everyone else. . One of my favorite bloggers is Allyn Hane at blogger Illustrated who explains in some of his (slightly crazy) videos how he started a blog in the DIY niche. The thing about his blog was that he could offer real reviews on DIY material and not just the generic product descriptions you get on most ecommerce sites. The best thing about his blog is that he sold it for $ 30,000 to a venture capitalist, now that’s a lot!
So here are my tips on how to think outside the box (a bit) to make real money on the internet.