Why is niche marketing such a great choice for someone who's just starting out? Here are some of the main reasons.
- Low Competition Means Faster Profits
Who wants to wait months to begin to make money? Getting cash flow fast is crucial for any business, but especially so for someone just getting started online.
A lot of people don't really and truly believe they can make money online until they start to see the cash flow in. Having that cash flow in for the first time breaks that belief. That first check is often invigorating and very inspirational. It causes people to want to work harder, now that they know it's real.
Going into a small niche will allow you to start making money right away. You're not competing against million-dollar marketers who've spent years establishing their site, their brand and their rankings.
Instead, you're going in with guns blazing into a market where the top sites probably don't often face serious competition. In other words, you're going for the low-hanging fruit.
- A Higher Work-to-Profit Ratio
In a niche market, your work will be translated to profits faster. But it'll also probably be translated into more profits. Because you have fewer people to compete with, your efforts will quickly get you through barriers that would take a lot longer to break through in a bigger market.
In a bigger market, you could literally spend hundreds of hours building backlinks and working on your SEO without breaking into the first page.
In a niche market, you could put in that same effort and quickly get into the first, second or third place positions for your main keyword. You'll instantly be getting traffic and making money, which you can put back into your business to make even more money.
- Simple Techniques Work
With niche marketing, you don't need complex techniques. You don't have to understand the ins and outs of AdWords if you don't want to. You don't need complex tracking mechanisms or custom-built shopping carts.
Niche marketing allows you to learn very basic marketing tactics, put them into action and see immediate results.
In larger markets, you often do need to learn very advanced tactics to compete. After all, if you're competing against very sophisticated marketers, you'd need very sophisticated tactics yourself.
Don't try to take on established or well-funded sites until you've built at least one or two successful sites yourself. Niche marketing allows you to test out both simple and advanced marketing tactics in easier fields before you try out more difficult markets.
In short, niche marketing is easier, faster and often more profitable. It's one of the simplest ways to make a good income online, quickly.