Let Stephen Show You How to Succeed Massively in Any Niche Market?
(Only if you've made millions of dollars online like Stephen pierce you can stop reading this)
Today I am going to shatter every pre-conceived notion, idea about niche marketing.
Stephen Sums up his process in 5 phases :
Vision - Strategy - Action - Results - Celebration!
Here's How to find and create right kind of vision for your market?
When a newbie enters a market, he/she first checks to see what kind of products are selling, then they go over to clickbank.com and check out which are the top products.
One thing all of them do and get scared by it is checking over the competition.
People like myself and Stephen thrive in competition. It not only brings out the best but also gives us loads of ammo to use in the market and succeed massively.
When you are building your vision, you have to take notice of your competition and find out how you can turn their HOT selling product into money maker without spending as much time as they did.
That's what's most important fact about Vision you have to understand, absorb, ruminate and sleep over it.
The reason we do this is because, it won't be as profitable when you copy "the hot-selling" product. Because you'll be always a copy not the original. Unless you can come up with FAR better product, you are better off staying away from them (BTW, if you can create far better product, by all means JUST DO IT).
Though I disagree with Stephen on how to chose a niche but one thing we agree is about the vision.
Do this simple exercise to power start your vision.
1. Find a sheet of paper and calculator.
2. Take a realistic amount of income per month you want to make with niche marketing. (Let's say $4000 per month)
3. Divide by 30 ($133.33) to get per day amount.
4. Decide What kind of product you need to create to generate $134
per day?
1 product sale worth $147?
2 sales with Products worth $77?
3 Sales with product worth $47?
5. Think realistically what kind of conversion you can expect? 1% is good enough to start with. You can tell how many sales (from above graph) you need depending on your price point.
6. Generating 100 unique visitors per day is easy. 200 unique visitor will take some time but it's also easy. Generating upto 500 unique visitors is possible and will take time and effort. With 1% conversion, you can make 5 sales per day.
See now you can see your vision far clearer than you started. It makes every thing in perspective