18 Minutes Important Business Question Ever?

[Jacquelineelina]

Niches are a funny thing. Personally, I prefer physical product type niches, and this is based on those. You can have a website based around water filters and make no money, but someone else can have a website about a particular brand of water filter, and make hundreds or more for the month. The problem is finding that one brand, if it exists.

There are easy and not so easy ways to do that. There's were many people fail, they get setup their water filter site,18 Minutes Review and get no traffic and no sales and get discouraged, or worse yet find the "micro niche" that works, but then get's tossed or de-indexed by Google. One way that makes sense to me, is to think about how companies make money. Does Hewlett Packard make money selling printers, or selling printer ink? Obviously, they make a whole lot more money selling ink, then selling printers. Often I see people promoting printers instead of printer ink. Yes, you make less on the ink, but guess what? There's also a lot competition, and you are more likely to get repeat sales. The problem that I have and I know that a lot of people have is the inability to focus and hone in on one thing that will make them money. We buy the next product thinking that that is the magic bullet. The end all cure all. Guess what? It doesn't exist.

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There are dozens and even hundreds of products out there that will help you, but you need to focus on one area at a time, and move on from there. One idea that works is using a barometer, like how much you would like to make from a particular site or project. One of the most influential books I ever read on "productivity" is 5 Bucks a Day by Dennis Becker. The goal in "5 Bucks a Day" is to work on projects that earn you, you guessed it, 5 bucks in one day. You might question and even think that 5 bucks a day will get you nowhere, but think about it this way. If you have a list of 10 projects, each taking you a defined amount of time to complete, and if they all produced just 5 bucks a day, then you would have added over $18,000 in yearly income from just those projects alone. Can you see the math?