
There is an endless debate online about whether you should only enter markets/niches that interest you,
and with the Thirty Day Challenge nearing the end that question has come up more than a few times.
The two downsides of the debate are these:
Of course, on the plus side:
I find myself happily sitting on the fence in this argument because I have had successes and failures on both sides of the debate.
I was passionate about radio and being a radio presenter, to the extent that like many young presenters I was prepared to work crazy hours and do anything (or nearly anything) I was asked to do, for quite low wages. After a number of years and lots of office politics, my passion started to wane and it stopped being fun anymore. If I ever work in radio again it will be in the knowledge that it is first and foremost a business and I need to accept it as such.
However, I was also passionate about voiceovers… and still am (when I have the voice to do them). I love the nature of the work, the fact that everyday is different, the way I can use my voice for so many different projects, being fully self-employed. However, the difference is I accepted from the beginning that this is a business above all, and so I have to make business-like decisions about the work, my marketing, when I work and who I work with.
Online, most of the niches I have entered have interested me at least a little. The niche that hasn’t really worked was one I was passionate about and I was probably too close to. Others held my interest for a while but ultimately the interest fizzled, and one has grown into a passion beyond anything I imagined.
There is a new post over at the John Cow website called Start a Blog About Something You Want to Kick Ass At. There is a lot of sense in this, as it is easier to write about things you are passionate about, and work isn’t much fun if you aren’t interested in what you are doing. However, if you are entering a market that is your passion or hobby, and you want to make money from it (rather than just create your own fun hobby site) I would suggest asking yourself these questions:
I don’t think there is any problem tackling a market you know nothing about. Once you have tested it and started making some money you can always outsource the work so you only need to keep an eye on the overall business concept. If you become fed-up with it then you can sell the website/blog and make some money to start a new one. You may never become passionate about a topic but as long as other people are (or you fulfil a need) you can make money to leverage other pursuits (business or personal).
On a final note, I would suggest you do a bit of both. I would never have started this blog if I hadn’t been passionate about Internet Marketing and wanted somewhere to publish my thoughts on it. The IM world is crowded enough as it is and I didn’t enter it with plans to dominate and usurp the big names in Internet Marketing. I do believe I can make some money from it, but I don’t expect it to be hugely profitable. My main objectives were to create an outlet for my own observations of online marketing and help others in the process. Those are perfectly valid and good objectives to have.
You may have a similar desire to write about your hobby, a medical problem, your weight loss, your overseas travels or your favourite Wii games, for no other reason than to share with and help others and hopefully make enough to have the website pay for itself.
From a business point of view this makes no sense, but on a personal level it can be extremely rewarding. However, if you wish to make money online you need to be prepared to be more objective and sometimes enter markets that don’t interest you. No one would admit to being enthusiastic about getting rid of cats from the garden (actually, get me onto the subject and I can be wildly passionate about it - spot my nemesis at the top of the post), but you can bet someone out there (me) wants information on stopping cats from using their garden as a toilet.
It’s all a matter of perspective. And if you can use the less exciting markets to fund your passions and a great lifestyle then you will be a lot happier than if you stay attached to a market you love but which sucks up all your time and makes no profit.
I’d love to hear your thoughts. Please add your comments
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those are three excellent questions to ask!
Excellent post Lisa! In last year’s 30DC, I was able to make a sale in my niche before the challenge ended. I did make 2 other sales after that and that’s without updating my main site or any of the Web 2.0 properties pointing to it. The thing was that I lost all motivation to read articles about my niche and didn’t update my site anymore. I was really NOT interested in my niche.
When I started tackling this year’s challenge, I made a promise to myself that I would have to have some interest to at least learn more about my niche. That’s the winning combination for me. Liking my niches or willing to learn more about them keeps me motivated enough to keep posting regularly.
When I have more experience, maybe I won’t mind having niches that I don’t like. Like you mentioned it, there is always outsourcing.
Quickie - BTW, August 28 marks the 1st anniversary of my 1st ever sale online!! Cool!
I found a great niche using the 30 DC that got astounding number of converts (one in 30 bought) but left it for one I’m currently interested it and plan to work with in a year…why? Because it interests me, ignites my passion.
I can choose this:
1. Extremely profitable niche and non interest
2. Not so profitable niche and great interest.
They maybe will get me the same cash.
But the second one will get me the joy definitely.
So…do what do you want.
Hey, Dare, If you don’t want that niche anymore I know a certain IM Geek Girl who will happily take it off your hands
Seriously, if you don’t want to deal with it anymore you should sell it or JV with someone and let them do the work. Contact me if you haven’t already set something in motion.
Lisa
lisa (at) imgeekgirl.com
My thoughts on this, from the research I have done, is that if you can get over the initial hard yards and make a few sales, you can then direct that capital back into replacing yourself from a content perspective (i.e. outsource content writing).
Look at what things are most time consuming in this business:
1) content writing
2) traffic building
Traffic building is an issue whether you’re in a niche you like or not and if you can replace the content writing with 1 or 2 outsourced posts per week, then you can focus all your energy into the actual business and marketing aspects of the business. The subject matter becomes somewhat irrelevant.
Which leads me to my final thought on this:
1) If you are enjoying the marketing, analysis and business aspect of this business, then what I just mentioned is probably the way to go. Unless the niche you’re interested just happens to have some real potential, you’re never going to make it big with that niche, which means you have to be content with what little you can extract from it. So basically delegate the time consuming stuff to someone else and focus on building a big business.
2) If you don’t enjoy the marketing and business building aspect of this, you’re going to have real trouble building the business because you’ll consciously and subconsciously avoid many of the important tasks needed to build the business up. In this case, going for something in your preferred niche, even if it’s not a big moneymaker, is going to make the marketing stuff more bearable.
Just my $0.02.
I think it’s very possible to build sites on any niche. (says she!)
If the reality of traffic/conversion/sales doesn’t stack up against that which the research suggested you can walk away with no emotional tug.
If you find you have hit a seam of gold that in itself may be enough to ignite passion (!) but if not, it will certainly give you a valuable asset to trade enabling you to move on.
So I don’t look for passion within myself when starting a niche. I watch to see if it develops as the site develops! It’s worked so far.
Really thought provoking post. Thank you.
Thanks for all the long well considered comments. I do think some of it depends on what sits best with you personally, and where your strengths and weaknesses lie. But if you are entering a market with a view to making money there definitely needs to be an element of detachment until you have tested its profitability.