It’s all about the niche!
If you want to make money in any niche, you must first understand that niche completely… If you are sharp you can stand to make a lot of money in the niche market arena, but you must do your due diligence and make sure that you can hold a serious competitive advantage when it comes to your product or service. Someone I know decided to become an expert regarding seattle condos. You better believe, this person did their homework before jumping into the shark pool with the competition… A good way to start is to search the yellow pages and google for competitiors.
Last weekend I got together with a girl I am close with and it felt like she was not really paying attention to much at all… I asked her what was wrong and she proceeded to give me this long drawn out story of a big project coming up at work and the fact that there aren’t enough people working on it due to recent layoffs. She also appeared to be extremely worried as to the security of her job. Unfortunately, I find it hard to relate because I’ve been able to make money on internet for quite some time now and I’m not afraid of loosing my job due to the fact that I’m self employed… Honestly, after knowing what I know now, I would never want to trade shoes with her.
There are almost a million ways to pay the bills but the ones that rich people like to do most often seem to revolve around passive and residual income. Niche marketing on the internet is extremely centered on gaining passive revenue streams… I know a bunch of commercial photographers seattle that has done very well positioning himself in a niche and building a portfolio of stock images that generate him a very nice income stream.
The point is that niche marketing is extremely important when trying to sell a product or service. The richest people on the planet understand the need to be the best at only one thing, leave the rest to others… It doesn’t matter if you’re a seattle photographer, a seattle real estate agent or an ambitious salesperson trying to make money online, with determination and effort you will reach the top of your niche!
