Niche Profit Mentor

So many people I talk to that want to start their own business online are overwhelmed at the idea of starting something.
Even when I meet people who are just starting out in internet business, they seem discouraged and constantly make the mistake of comparing themselves to others who have been at it for much longer- and have established businesses and income.

If you are new to doing business online, your first goal should be simple- make 1 sale!

The difference between having sold nothing, and having made 1 sale is HUGE. I’m mostly talking about the feeling and the momentum you will get from making that first sale. This will give you a big lift in motivation to go out and do more!

How it worked with me is, I created this little product (a pdf file with some workouts), and uploaded it to my site for sale. I had no idea how long it would take to make my first sale, but in the first week I sold 3 of these things! I then was motivated to bust my butt to see what else was possible. In my 3rd month I remember I made 19 sales and was completely blown away.

It’s VERY easy to get caught up in the comparison game- comparing yourself to others who make $thousands per month, and thinking how far “behind” you are. Nonsense! If you keep following the formula, sales keep getting better. Niche Profit Classroom has a great plan that allows you to get your first sale within 30 days- and that’s even if you have 0 knowledge about internet business already.

My favorite place to start for finding a niche online is sports.

Many of us played or participated in sports as kids and some continued on through high school and college.

What happens in many sports is that most people that want to continue on doing a career in their sport end up becoming coaches. And coaching takes up a lot of time, in fact, it is usually a full time job.

So this leaves the internet filled with niches in various sports, waiting for someone to come along and display expertise or compile information from various sources that can be useful for some group out there that may exist world wide.

If you are interested in started a niche market business online in sports, keep in mind the following:

1. You do not have to have any credentials to do something within a sports niche. Yes, it may help if you’ve actually participated in that sport (but even that is not necessary!), and excelling at it is certainly a bonus, but you can easily become an expert by reading a few books and interviewing a few recognized names in the sport. The vast majority of people making money online in sports niches were nobody’s in their sport when they started!

2. If you’ve played the sport, you likely have a technique or way of doing something that nobody has elaborated on. Be the person who comes up with the perfect strength workout for a baseball pitcher, or the lesson plan to succeed in croquet, or how to be the best polo player on the field! Come up with your own unique take or shortcut on how people in your sport can succeed and you’ve likely got a winner.

If all you do on your site is consolidate information into a simple ebook or video for sale, you have provided a service for someone or a group.

Don’t worry too much about being all-knowing when it comes to  your sport. If you know more than the average person, you are an expert. If you don’t, you can do the research, or even better, hire someone to do the research for you!

What led me to starting my niche business online was the idea of freedom.

After reading a few of the Rich Dad, Poor Dad series of books, I realized that I was chained to my job, and later my fitness business. When I learned about the idea of passive income, I was immediately sold!

I quickly realized that I would much rather make $50,000 a year in passive income than make $100,000 a year working for a company or being a self-employed fitness instructor.

It all comes down to time vs. money. If you work 8 hours a day in a $50k/year job, you’re making around $25/hour.
But if you make $25k/year and you work 4 hours a day, you are still making $25/hour, and you have 4 more hours in the day to do whatever you want with!

This is the idea that really struck a cord with me. Do I want to create more free time in my life, or just work like crazy and hope that I can somehow retire early and enjoy life for a while later?

Building a niche business online is not about getting rich quickly. It’s about lifestyle. You certainly can get rich with a niche profit business (or businesses), but the exciting thing about internet businesses is the time you can free up. When you’re making money on the internet, you can set things up so that you do not have to be there as funds come in to your account.

So what type of life do YOU want?

For anyone looking to venture out and do their own thing, the task of getting started is often overwhelming, to the point where most people will give up before they even start!

I’m not going to say internet marketing is not a lot of work. It is. But building a business online is not rocket science. Far from it!

The place to start is to first and foremost make sure you are working in your passion, or at the very least, something you are very interested in. Make a list of all of your interests & hobbies and go from there. You are probably an expert at something, and even if you’re not, it’s not that hard to become one.

Keep these things in mind before you go giving up:

1. Building a business online is just a series of steps- you do one thing at a time until you have something solid. You don’t have to learn web design, html, or even anything about marketing- you can outsource or easily learn everything you need.

2. Keep in mind the “Rich Dad, Poor Dad” philosopy. You are the business owner. You are not the administrative assistant, the programmer, or the designer. Your goal is not to build a job for yourself, your goal is passive income!

3. If I can do it, anyone can do it! I was never a computer whiz. I didn’t major in marketing. My first business (being self employed) was offline and did not involve internet marketing. I knew zero about html programming going in, and I’m lucky if I can draw a stick figure!

4. You won’t get rich quick. At first, your long term goal should be to make 1 sale! You can adjust goals once you accomplish this. Short term, you are just following instructions and getting from one step to the next.

So, once you have the mindset of “starting” properly situated in your head, you’re ready to roll!