091: How to Choose a Niche for Your Internet Marketing Business and Decode the Science to Making Money Online
"Fail in private, succeed in public." -- David Ogilvy\n\n\nStage\xa01:\xa0Quick Research\n\n \tFind the intersection of: what people want, what people need, what you're good at, and what's fun for you -- forum search, Amazon table of contents, ask your list if you have one\n \tBuild a better mousetrap than your competitors, find their holes, absorb the changes, combine things from two competitors, give away one piece that your competitors normally charge for\n \tImportant: teach something you've already known for several years, that way you're saying "something" (as opposed to bizopp stuff), and you don't have to do any new learning\n\nStage\xa02:\xa0Find Competitors Making Money\n\n \tAre there high ticket items, seminars, and membership sites about this?\n \tPaid ads?\n \tDo the high profile guys keep promoting it and keep their websites around for a long time?\n\nStage\xa03: Is There a Future In It?\n\n \tWhy is weight loss a good idea but back pain isn't? Weight loss is an ongoing problem you can continuously help them with, back pain isn't.\n \tHuge offer: what can you sell for $100 that's worth $1000 to $10,000?\n \tWhat can you checklist and systematize to "dumb it down" and make it super easy\n\nResources\n\n \tDropship CEO\xa0(Build an Amazon business)\n \tProfit Dashboard (Build a Fiverr business)\n \tIncome Machine (Build an Information Product Business)