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| One of the absolute most prolific pieces of advice for prospective affiliates is to work within their passions—to find their niche market in an area of personal interest and stay with it. While there is a place for niche marketing in affiliate marketing, it is not what you have been led to believe. I personally feel that , "work within your personal niche" is one of the worst pieces of advice given to new entrepreneurs, and the cause of multitudes of affiliate failures. "Do what interests you and the money will follow" - Is it true? "Do what interests you; find your niche; do what you are passionate about; sell the products that interest you the most…" These are the pieces of advice that entrepreneurs are told time and again. And there is some basis to this thought, some method behind this madness. The overall belief is that if you choose to do business in an area or 'niche' that you are deeply interested in, that passion will shine through and you will make sales almost accidentally. The feeling is that by selling products or working within your most favorite niche you will have a built-in sense of urgency and desire that will compel you to work on your business and to succeed. Moreover, by working within a niche category of personal interest you will come prepared. That is, you will come armed with bucket loads of knowledge and experiences with various products so that you don't have to 'waste time' getting up to speed. You'll already know the products that deserve promotion. And you'll know all the promotional background information almost off the top of your head. The belief is that if you focus on promoting products that are in some way of interest to you, you can easily take care of business. You can construct websites that will sell the products; you can write articles to submit to directories and gain links back to you, the niche expert; you can build blog upon blog and never run out of something great to say about your favorite little widget that so transformed your life as a widget collector (whether you should or not, is another matter, and we'll discuss that later). Here's the thing about this—none of it is untrue. It is easier to put yourself behind a product you already know. It is easier to hit the ground running when you are already well-versed in matters. It is easier to connect with visitors and readers who are more like you. So why, then, is it a myth to believe that you should focus first and foremost on your personal-interest niche as an affiliate marketers? Why can't that mean virtually automatic sales and commissions? What's wrong with passion? The reasoning against personal niche concentration is more simplistic than you might think. And in point of fact, there are some exceptions to the rule, which we can touch upon after you understand why the myth in general is a myth. Then cut to the chase already, right? What's wrong with doing something you are passionate about? There is nothing truly wrong with it. But there is something unprofitable about it in an overwhelmingly large percentage of cases. What is unprofitable about this mindset is that it is just too limiting. By choosing your business and products based on one personal preference, you lose the freedom of choice. And that freedom is important, because it is what allows you to give buyers what they want, and saddles you with a limited number of affiliate product options, most of the time in a niche that isn't seeing very high demand. Very simply, unless your niche interest happens to be in products or subject areas that coincide with what people are ready to buy, it does not come with the most essential element of affiliate marketing success—built-in customers. Instead of focusing on the niche products, you need to focus on the products that can an d do sell. At least if you want to be one of the Big Shots in internet marketing you do. If you want to make the big commission checks and the easy, sell-themselves-while-I'm-in- the-tropics kind of sales the Big Shots do, you have to think less about what you want to talk about and more about what customers want to hear. The other factor you must consider is sustainability. When you do choose a niche, choose one with staying power. Choose one that can be recycled over and over—that will continue to elicit demand again and again. That will lend itself to up-selling with other products and/or upgrades. And while you do that, focus on how you sell, not only what you sell, so that you can re-use what you learn. That way, you can continue to be a Big Shot affiliate success well into the future (say, to retirement?) even as products and affiliate programs come and go. But I'm no expert Okay, so now that we've dismissed the thought of selling niche products that you like, and taken away your automatic level of comfort with your product, we need to talk about how to correct that problem for you, yes? It is a lot easier to sell something you know and love, surely. It is easier—at least in the beginning—to build marketing and pre-sales around a product you have an interest in; meaning, if you are already an expert in "widgetta obscura" you could probably sit down and in one afternoon draft a complete website full of content on the matter. And if you choose another product, say an in- demand high seller that you know next to nothing about, you'll have to do some research before you can belt out that content. You'll have to become an expert all over again. There. You've just been given the answer. Did you see it? Become an expert. Just as you were not born an expert in widgets, just as you became an expert through study and use, you can do the same thing for any product that with excellent consumer demand. All that it takes to become an expert is some time spent reading, and eventually using your products. You can become an authority. You can become whatever type of expert you want to be. And trust us when we say that you want to be the expert who knows the products with ready-to-buy con sumers. That being said, there is something more to consider—you don't really need to be an expert to be an effective affiliate! By default it is quite likely you'll become one over time, but in the meantime all you need to do is let your parent affiliate program do the work for you! All the information and ordering and purchasing tools are already there for you. Your job is just to get your people to them so that they can buy. And believe us when we say that if you target the right markets, they're likely to come with plenty of information anyway! The exceptions to the rule We did say there would be exceptions to the rule of choosing a niche that interests you. That exception is very simple, and we won't spend a lot of time on it here. The exception to the rule is that if you happen to love a product that people are clambering to buy, go for it! Jump in now while the getting is good. Consider yourself lucky. The other exception is your personal interest. If you feel a burning desire to promote a product within your niche to suit your own personal fancy, go for that, too! There are no rules to what you can and cannot sell. You can be an internet marketer of a multitude of vastly different products in all sorts of niches. In fact, that's probably a good idea. There is no one perfect niche, there are many. Open up your options, do your fanciful things on the side, but plan to make your money the way the Big Shots do—by selling the right products that require the least amount of effort on their part. |
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| Marketing Idea - Marketing Strategy: A Decision Focused Approach (McGraw-Hill/Irwin Series in Marketing) | This thread | Pingback | 09-20-2008 09:00 AM | |
| Business blog » Blog Archive » Debunking the Myths Of Niche Selection | This thread | Pingback | 09-20-2008 05:08 AM | |
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