Today I am going to discuss about one of the biggest questions that I have.
So why is this such a dilemma?
I will start to discuss about having an MMO website which is short for Make Money Online website.
Even though you want to start a similar website, such as losing weight or porn or other stuff( those three are the main niches on the internet), I think that you will need to read this post before making the call.
So in order to ask to that question we need to think about our objective.
To earn money online such that we achieve financial freedom.
Now, this is my goal, your goal and pretty much everyone’s goal.
So how do we do it?
Well, we need to start and to think of a niche which is constantly searched on the internet. A niche which offers you the possibility to promote different products and earn a commission.
We promote other people’s products because it is easier since we don’t have to struggle with product creation, transport and stuff like that.
Now, since we clarified this, the main thing we have to do next is to come up with a niche that is constantly searched.
However, this is a little tricky. There are a lot of niches which might be in trend right now and a few months from now they will completely disappear. Examples can be Fidget Spinners, Pokemon Go and many more. Those just popped into my head.
So, we are looking for a niche which will be today, as well as in the next 10 years. However, we can’t jump to a niche such as scuba diving since there are only a few people which are interested in that niche.
So what should we choose?
The long-term plan, which I am currently using, is to go for a big – giant niche and to make our way through that niche. I am perfectly aware that the internet will be tomorrow, next week and years from now.
I am perfectly aware that people will search for ways to earn money today, tomorrow and so on.
However, the problem with this is that the competition is very high. For me to earn money, I need to get on the front page of Google somehow. In a small niche, this is very easy obtained since you will have a small competition. I, on the other hand, have probably millions of competitive websites/forums/youtube channels which compete with me in getting on the front page of Google.
Therefore, I am here for the long run. It will take a lot of time for me to start to make REAL money rather than someone who created a small niche website. However, if we would look at the stats over 5 years, I would probably earn more money than that person since I will have far more customers than that person will have.
Now I even start to think about starting a website development company & selling SEO services and other stuff such that I won’t rely on my reviews and such that I will develop an additional income stream.
When speaking of a small niche, the advantage is that you will have a lot less competition. A small niche can be anything. From your hobby to doing makeup tutorials, to playing games while speaking German and a lot of fun stuff. You can even travel and earn money from it.
There are a lot of people who just travel the Earth and earn money from it. They earn money from having websites where they promote different types of backpacks, t-shirts, shoes, travelling agencies and a lot of stuff like that.
If you start to think about it, the possibilities are endless. They can even create a guide on how they started to earn money by travelling and sell it for $100-$200.
The struggle with this is that you will need to be patient in order to get traffic. You will need to create tons of content and target tons of keywords. This is the problem with the small niches. There are only a few people which search for that specific niche. Depending on the nature of your hobby, sometimes you might have to invest money in social media ads. Most of the Instagram famous people invested money in ads in order to get so many followers.
Don’t be discouraged. A few people can sometimes mean even 500,000 individuals or millions.
Pretty much those are the advantages and disadvantages of having either a small niche or of getting into a highly competitive niche.
As a general conclusion, it depends on how fast you want results. If you are here in order to get money fast, I would recommend you to go for a blog around your hobby and to try and review Amazon products of ShareASale products.
If you want to earn real money and you love a challenge, you can get into a highly competitive niche. But beware because sometimes you might not earn money not even after a year. Even though I succeeded in earning money through referral programs/ affiliate marketing, I have to say that it wasn’t easy at all for me to get here.
I hope that this made your decision easier. However, if you have any problems or if you would like to hear my opinion of your plan of action, feel free to drop a comment in the comment section below and I will give you feedback for free :D!