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How to Select a Profitable Niche - Why is it so Important

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Information about How to Select a Profitable Niche - Why is it so Important
Business & Mgmt

Published on March 10, 2014

Author: zigman99

Source: slideshare.net

Description

How to select a profitable niche and why it is so important before venturing into an online business.
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How To Choose A Profitable Niche Why is it so important? Today I'm going to talk about how to choose a profitable niche and why it is so important. I'm asked tons of questions every single day from my clients & email subscribers about certain topics in regards to running a successful online business. But one of the questions I don't get asked often enough, is how to actually select a profitable niche. Which is quite alarming really. THIS IS STEP #1. You must be doing this step first before you move any further with your online business. www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? The foundation of running a profitable online business is to actually go out & find one first. And if you're looking at building a list of subscribers within your online business then you need to know before you even begin, whether there is lot's of people already seeking out your information and are willing to pay you to provide them with that information. This of course is if you're looking to build a list of subscribers, which I always encourage my clients & subscribers to do within their online business on an ongoing daily basis. So why is niche selection so important? www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? 1) You are setting yourself up for success - If you're going to choose a niche based on the fact that you're interested in that niche, then this isn't going to guarantee you that this niche is going to be profitable for you. 2) If there is no interest, and there are NO BUYERS in the niche that you've selected then you don't have a BUSINESS! 3) Basically you'll have a NON PROFIT organization on your hands. 4) You could CHOOSE a niche that does have BUYERS within that niche, but the numbers are limited and therefore you cannot make enough repeat sales so that your business can GROW and provide many products and services that cater for peoples needs. 5) You need to find a niche where you can make REPEAT SALES. Otherwise your profits will be limited as a natural cause of this error in your niche selection process. www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? You must be able to maximum your profits for every lead or client that comes into your marketing funnel. Also, the market itself can actually tell YOU what it's wants and demands are. All you need to do then is create those products and services around those needs and desires and charge them for these services. So for example, if you're currently building a list of subscribers let me ask you this: "When was the last time YOU asked them what their needs & desires were"? www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? So for example: You can stually SCOPE or ask questions within your emails asking your subscribers what they need or are having a challenge with at that moment in time. Some of them will reply and tell YOU exactly what they NEED. Some won't reply at all. Either way, this gives you a fantastic laser targeted SCOPE for finding out exactly what your clients wants and needs are right now. www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? This gives you a chance to create products and services to sell to your clients that they actually are desperate to BUY from you. So now, you're not just simply guessing as to what your clients and subscribers want by creating products or promoting affiliate products that no one even wants to buy. So this is why it is SO IMPORTANT to do your research first, look for the signs, look for signals, that TELLS YOU that there's lot's of buyers in your chosen niche. www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? This allows you to go ahead and start building your email list, start working at your marketing and traffic plan and start building an online business that has lot's of potential for making repeat sales and lot's of profits. This is turn allows you to start SCOPING your list already knowing that you have a good chance that there will be 1 - 10 products that you can create that can HELP your leads that you can create and make a profit by selling them to your subscribers. Now you've positioned your online list building business as one that simply charges people by giving them EXACTLY what they want & need. www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? This is so important if you want to build a scalable, repeatable & profitable online business. So... ...Do your research. Make sure your niche has enough potential for adding a never ending flow of BUYERS into it. Make sure your niche can give you a chance to add REPEAT buyers into your sales funnel. www.GavinBirchall.com

How To Choose A Profitable Niche Why is it so important? Avoid choosing a niche that you would like to go into simply because you have a particular interest that niche when there isn't enough opportunity to make consistent profits from that niche. Hope these clear up a few issues that my clients and you may be having when it comes to pin-pointing an exact niche that has lot's of room for profits and repeat buyers that you can build a targeted email list around and build a HUGE & successful online business around. www.GavinBirchall.com

How To Choose A Profitable Niche By the way, if you liked this training, and would like to learn more from Gavin Birchall, just go here & get started: www.GavinBirchall.com

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