|
|
My Internet Downfall, Or How NOT To Earn A Living With One Product From The Internet
When I originally started out online I decided to choose a niche market. Or that's what I intended to do. I had specialist expertise in a specific area and I was keen to share it, for a modest price, of course. With even a few hundred people a month buying my $17 product, that comfortable retirement income seemed within my grasp.
And there were numerous gurus available and eager to tell me that the best way to make money online was to have my own product to be in command of my own destiny. While that does have a certain truthfulness to it, the drawback is that all your eggs are in the one basket.
What they didn't let me know about was how complicated it would be for ME to produce and promote a professional looking package that could compete with the solutions already for sale. Yes, I could have out-sourced it, but that would have been very expensive and still left me at the 'mercy' of web-site-developers and others.
When I started working on my own product (an ebook on this specific topic) I soon awakened to the fact that although it was one mammoth task in its own right, developing a niche product was the easy bit. Marketing it was the real challenge.
Undeterred I then began learning about setting up and editing the website, writing a blog, social networking, copy writing, article marketing and traffic generation. I quit before I got to the "design an affiliate system" stage. This was all part-time, together with my day job. Whew!
But what had I forgotten to do, in my excitement? Deciding on a small enough niche in which to market my product!
It had totally escaped my notice just how vast and competitive the Internet is, and especially how many other outstanding solutions there are out there.
Although my product can compete for quality once individuals have actually decided to buy it, I will be the first one to acknowledge that it cannot compete at the pre-sale stage.
It was a bitter pill to swallow even without having put many hundreds of hours of hard graft into product production, studying the skills to get myself a web site and a king's ransom into lessons.
So if you are trying to start your online career, spend plenty of time choosing your niche and don't neglect the products currently obtainable on the market.
Opt for a product where somebody has previously done the hard work of product production for you; use key phrase research and competition analysis tools to pick a small sub-set of a target market, where a sufficient number of people are fascinated by some element of the product or service; put that out to market, then, to increase your chances, rinse and repeat, possibly in a completely different niche, to spread the risk of your chosen niche failing.
If the very first choice of package isn't an overnight financial success, or even if your first 10 products generate only mediocre results, at least you will have 10 niche products "on your books" and if every one earns just $50 each month, that gives you your first $500 a month in ten distinct niches.
There is plenty of free advice available on how to find a niche product.
Can You Afford To Short Sightedly Follow The Crowd When Choosing A Name For Your Business Site?
Benefits of thinking out of the box when registering a domain name. A quick look at unique and misspelled names and their possible advantages
Get The Most Of Your Articles By Submitting To Article Directories For Publication
Article Directories are hot today in these days, to all writers and non-writers out there, now is the time to start digging up those creative writing skills. Article writing, submissions and publications are also getting popular.
How To Earn More With Content - Using Article Directory Is One Good Option
Article directories are a great place to put your articles so that they will make you money. By using this method, people who are interested in your product or service will see your article, view you as an expert in the subject, and will visit your website.
Nikon D3100 14.2MP Digital SLR Camera With Nikkor Zoom Lens Is On Oprah's List - What An Excellent Holiday Surprise Gift This Would Be
Nikon D3100 14.2MP Digital SLR Camera with Nikkor Zoom Lens. Oprah Winfrey has opted for the Nikon D3100 for the Ultimate Favorite Things list .
Traditional Xmas Toys: A Few Of The Greatest Xmas Toys
All of the classic brands of toys are enjoyed by boys, which is probably why they have been around for decades and are always considered a hot toy for Christmas. Most of you have never met a boy who wouldn't love to receive a Matchbox car.
Investing Basics - Specifically What Are Your Investing Goals? Starting At Square One
When it comes to investing, many first time investors want to jump right in with both feet. Unfortunately, very few of those investors are successful.
What Basically A Patio Rope Bulb Would Be?
You may be wondering what an outdoor rope light is. It is simply a series of lights encased in a tough plastic hosing or tube in an incredibly vast array of colors. The tube also has wiring inside that electrically connects the lights together.
The Physical Health Benefits Of Colon Cleansing And Detoxing Plan Utilizing Colon Health Supplements
Colon detoxification can be undertaken through proper diet, fasting, enemas and colon health supplements herbal treatments. Detoxification involves dietary and lifestyle changes which reduce intake of toxins and improve elimination.
Backyard Series Bulbs Add More Luminosity To Your Place
Some people will spend large amounts of money and time designing in setting up lighting schemes within their home that make the most of every dark nook and cranny.
|
More Articles
Blogroll
|
