time<\/strong>.<\/p>\nLike it or not, even outsourcing the bulk of your projects, you’ll need to closely monitor your ROI (return on investment) of your time which is limited to 24 hours a day.<\/p>\n
This is what I mean:<\/p>\n
If you’re working 12 hours day intially to build your business, you could be bringing in $20,000 – $50,000 a month as an affiliate marketer (leveraging on your previous experience as an eBay powerseller). Assuming you’re looking at a conservative 50% margin, that’s a $10,000 to $25,000 net profit off the bat.<\/p>\n
Your hourly ROI is about $33.33 per hour (assuming the $10,000 is earned in 25 days a month, 12 hours a day) . At $25,000, your ROI works ou to about $83.88.
\nThat’s the scenario for the “Internet Marketing niche”.<\/p>\n
—<\/p>\n
Now imagine you go into something with equally good potential, but with fewer competitiors (most new internet marketers inevitably choose the internet marketing or make money online niches…). A niche software product that most home users will benefit from – say a disk defragmentation software, an anti-virus software, or personal tax software.<\/p>\n
[This is a theoretical scenario, so don’t take the numbers are concrete ones]<\/p>\n
For the same 25 days a month, 12 hours a day, your profit could be $50,000 to $75,000 a month.<\/p>\n
This could be due to fewer competitiors in your market, a higher degree of domain knowledge which keeps out “newbies” to this market, and lower marketing costs (eg. PPC bids costing much less than $5-10 a click found in ultra competitive niches).<\/p>\n
What’s happened here?<\/p>\n
For the same effort (time and resources), you’ve seen a quantum increase in your ROI (a minimum of 250%), so it has everything to do with profiling a niche and focusing on it.<\/p>\n
–<\/p>\n
If anything when it comes to niches, the ones nobody talks about are the ones that will have the greatest market potential.<\/p>\n
A little research before heading into any niche can help you best direct your resources.<\/p>\n","protected":false},"excerpt":{"rendered":"
Here’s an intriguing query from Sarah: “I’m a ebay powerseller and getting into the niche marketing vibe. Judging by the number of high dollar earnings screenshots I’m seeing, I’m planning to go into the internet marketing niche. I worked hard to build my ebay business and am sure I can replicate the same in internet […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[791,747,943,882,598,737],"_links":{"self":[{"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/posts\/444"}],"collection":[{"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/comments?post=444"}],"version-history":[{"count":0,"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/posts\/444\/revisions"}],"wp:attachment":[{"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/media?parent=444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/categories?post=444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/whoisandrewwee.com\/wp-json\/wp\/v2\/tags?post=444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}