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Nairaland Forum / Science/Technology / Webmasters / How To Avoid Dead Niches/markets (3345 Views)
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How To Avoid Dead Niches/markets by Nichesiteseo(m): 1:34pm On Jul 28, 2018 |
Choosing a dead niche or market is a real worry for most entrepreneurs. And rightly so. You will lose a lot of time,effort and money if you go down the wrong niche. Luckily, there's a simple way to avoid going down a wrong niche. Here's how: You have to understand that markets are just demonstrated cashflows. What's a demonstrated cashflow? : A demonstrated cash flow is simply something people already spend money on to solve a problem or fulfil a need. I think people define a market in a wrong way and that's why they have problems finding a profitable niche. For example, yesterday, someone told me he was going to start a niche site. I asked him what niche he was going into. Here's what he said: Photography. For me, this is a wrong way to look at a niche or market. Photography is not a market. Or at least I won't call it one. It's just too broad. A market is something that has a demonstrated cash flow. Simple. What are people already spending money on that indicates they have some problem that you can help them remove or need something you can provide? So photographers learning how to use expensive software to edit their images is a market. Expensive image editing softwares is a demonstrated cash flow. Photographers that spend money on these type of softwares may then spend more money to get better editing their images. People who pay monthly for web hosting may spend money on web design. People who pay monthly for Shopify may spend money on a course on how to generate more ecommerce sales with Facebook ads. To be in a profitable niche is to follow demonstrated cashflows. 3 Likes |
Re: How To Avoid Dead Niches/markets by agwom(m): 7:09am On Jul 29, 2018 |
hmmm |
Re: How To Avoid Dead Niches/markets by Imperare(f): 7:10am On Jul 29, 2018 |
Ok |
Re: How To Avoid Dead Niches/markets by adeoba2008(m): 7:19am On Jul 29, 2018 |
This is a cool topic. Without choosing the appropriate link. You are dead on arrival as a blogger. Like others have said , Choosing a wrong niche is like marrying for the wrong reason. Check my signature. 1 Like |
Re: How To Avoid Dead Niches/markets by cacmatters(m): 7:57am On Jul 29, 2018 |
adeoba2008:Lol. You are right brother.
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Re: How To Avoid Dead Niches/markets by Nobody: 8:05am On Jul 29, 2018 |
Akukogagara:price nd location? |
Re: How To Avoid Dead Niches/markets by Nobody: 8:47am On Jul 29, 2018 |
Nichesiteseo: Nice piece I like how you define markets. Succinct. I'm curious: what niche would you say Richard Branson is in? Thanks |
Re: How To Avoid Dead Niches/markets by Elxandre(m): 8:55am On Jul 29, 2018 |
Following |
Re: How To Avoid Dead Niches/markets by deturla: 9:11am On Jul 29, 2018 |
Nichesiteseo: Bro, can you share your email. I want to pass an urgent information across. Cheers Detola 1 Like |
Re: How To Avoid Dead Niches/markets by bassette(m): 9:13am On Jul 29, 2018 |
following too.. |
Re: How To Avoid Dead Niches/markets by BRIGHTRIVERS(m): 9:35am On Jul 29, 2018 |
adeoba2008:Subscription is a cost |
Re: How To Avoid Dead Niches/markets by exporters101: 11:04am On Jul 29, 2018 |
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Re: How To Avoid Dead Niches/markets by Hops55: 11:21am On Jul 29, 2018 |
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Re: How To Avoid Dead Niches/markets by uvalued(m): 12:17pm On Jul 29, 2018 |
Thanks for the tread I learnt - Niche cashflow - CAC fast name search - Betting tips 1 Like |
Re: How To Avoid Dead Niches/markets by Nichesiteseo(m): 1:13pm On Jul 29, 2018 |
deturla: Check my signature. |
Re: How To Avoid Dead Niches/markets by Nichesiteseo(m): 1:15pm On Jul 29, 2018 |
alignacademy: He has his hands in many! 1 Like |
Re: How To Avoid Dead Niches/markets by Nobody: 1:27pm On Jul 29, 2018 |
Nichesiteseo: LOL |
Re: How To Avoid Dead Niches/markets by Mathematical(f): 3:39pm On Jul 29, 2018 |
Nichesiteseo: Deturla will prove you wrong on this.. Very disheartening that the op is myopic abouy a certain niche he know little about.. knowing about all the niches will only get you so far and is most likely to partially help in choosing the right platform Any blogger/enter-prenuer who has had prior experience in the niche would know how monumental it is for an entrepreneur to select a photo-graphical niche. Depending on the area of concentration and specialization that you select, NATURE PHOTOGRAPHY/ SPORT/ PHOTO-TRAVEL and all, your niche will either be a hit with your targeted audience or it will flop like the hundreds and thousands of unprepared and misguided bloggers who tried to tap into the market of over-saturated niches.. A PICTURE IS WORTH A THOUSAND WORDS 2 Likes |
Re: How To Avoid Dead Niches/markets by Nichesiteseo(m): 4:00pm On Jul 29, 2018 |
Mathematical: Hello Mathematical This is just my way of making sense of things. It's not in any way definitive. Many ways to skin a cat. |
Re: How To Avoid Dead Niches/markets by deturla: 4:12pm On Jul 29, 2018 |
Mathematical: |
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