Is This Common Mistake Holding You From Making Money?

I always ask my students: “What is your target market?” And many times I receive the answer:

“My target market is everybody.”

Then, I have to explain to them how that approach will make them fail and the importance of targeting a small niche. For this reason I want to share with you this article, so that you don’t make that same mistake.

Your product needs to be special. It has to fit the needs of a specific group. Narrow down your potential market or it will become too much. Consider it: you sell glue. OK, what kind? What is it for? Who needs it? Why?

The possibilities are endless. Unless your plan is to establish a huge corporation and you have the funds to put it together, with hundreds of products, you need to find a niche, a spot where you can attract the right customers for your particular item.

Narrowing down your potential customers means you can spend more time focusing on them. A smaller focus allows you to do as well as, or better than, those large corporations. Good profits can come from concentrating on a specific group that can use your product for a special project or need.

Let’s say that you want to go into the weight loss market, as you know it is a very profitable market but with a huge competition so, it is difficult to compete with large companies because they have huge budgets.

But if you narrow it down you have more chances to stand out from your competitors and make good profit. In this case you can target weight loss after pregnancy or weight loss for women between 45 and 60, etc.

The same with the Internet Marketing market, let’s say you want to go with traffic where you’ll find lot of competitors. But if you go deeper everything becomes easier, you can go with traffic using social media or go even deeper, traffic using facebook. The more you narrow it down the better. 

In order to narrow down your niche you have to explore the market place and know what it needs. Now, consider the results of the market survey you had done and the areas where your competitors are already doing well. Use a table or a graph to show where there might be an opening for your product or service.

One hard step that needs to be taken is finding the right combination of product, service, quality, and price. Customers need to feel you will give them a better deal and meet their needs. Sadly, there’s no proven effective path to follow to find the right combination. You just have to compare things and see what works best.

Your database should be put together with care, as it can help you sort through the market information and show particular segments that could be overlooked. Which age groups tend to buy your product? What other items purchased? You could find additional products your buyers may be interested in.

Where should you start? Passion is a good starting point, because if the work is focused on something you love, you try harder. With a product you really like, you’ll be more willing to do the hard work to get it promoted and refine your skills.

Look into what you like and see if you can make it profitable. Will people want it? Will they look online for places to get it from? Whatever you decide to sell, there has to be a demand. Lots of places can be checked for this information - Blogs, forums and affiliate networks, social media sites, etc.

I would like to hear your feedback about this

Personal Atrophy for Foolish People

In Personal Development for Smart People (see my book review here),Steve Pavlina lists the three core principles of personal development as Truth, Love and Power.

When you combine the principles, you get the secondary principles of personal development; Truth combined with Love gives you Oneness, Love and Power combine to give you Courage and Truth with Power gives you Authority. All together, the six principles combine to give you the seventh core principle of personal development: Intelligence.

Steve says that these core principles are universal and cannot be broken down into smaller chunks. I’ve been thinking that if these truly are the core principles of personal development, then their inverse should also be true.

Personal Atrophy for Foolish People

The core principles of personal atrophy, as opposed to personal development, should then beFalsehood, Apathy and Powerlessness.

When you refuse to face the truth, you deceive yourself and live in falsehood, also known as denial.

The opposite of love isn’t hate, it’s apathy. When you hate, you’re still polarized, but when you’re apathetic you can’t even get yourself to care enough to hate, much less love.

And when you’re powerless, you can hardly muster any ability to change your life.

The more you direct your life towards Falsehood, Apathy and Powerlessness, the more you’ll regress in your life instead of improve.

The secondary principles of personal atrophy are Separation, Timidity and Submission.

When you live in denial and can’t be bothered to care, you feel separated from your life, your surroundings and other living beings.

When you’re powerlessness and apathetic, you live life timidly because you don’t believe you have the power to overcome challenges, and you lack the motivation to even try.

Living in denial and powerlessness causes you to live in submission, or passivity. Instead of being the power in your life, you allow yourself to bow down to circumstances.

The six principles of personal atrophy in their totality become foolishness. Whereas moving towards Truth, Love and Power is a more intelligent way to live your life, moving towards Falsehood, Apathy and Powerlessness is a foolish way to spend it.

Make Easy Money Online

Treasuretrooper.com is a website that anyone can join free and make money by signing up companies offers and referring new member to the site. As most of the offers are from US companies so many of the paid to sign up opportunities are available to American only. People who live outside US can still earn money through the refer a friend program and fill out some low-paid offers.

Low-paid offers usually are free to sign up whereas high-paid offers generally require you to include credit card detail during the process of sign up. Your earning will depend on the number of free offers completed and your referral. If you can complete 5 cash offers daily, you should be earning more than $20.00 per month. The more you sign up the higher your earning. Completing offers isn't a difficult job (an easy task actually) some members said that it is fun doing it. They will pay you when the earning exceeds $20.00.

Don't trust this website? Read this forum for testimonies, proof of payment and their latest progress. You can also do a search from search engines to see what others are commenting about this website before taking any action. I can't guarantee that you will make money joing Treasuretrooper.com but with their good history records and on-time paying status, you can consider joing them if you are looking for a way to make extra money online.

Make Money Online – Not Every Scheme can Fetch Money

People have started to look for additional income to improve their livelihood, and make money online is one among those, as you may not have to move to other places to work. Although, there are so many online scams involved in money making, you definitely can meet people who earn a lot through online. And it is for sure that offline can give you money, but not like the online jobs.

When there are so many folks around the world minting money online, you too can certainly do it. You just have to find the technique of the successful people online. You need not reinvent the wheel, it is already well made and you just have to spin it. People need information and solutions.

The veterans online making money are advising the people not to wile away the time with email reading, forum posting, ad posting, pay per click programs etc. if you are determined and really ready to work, get ready to provide product, service and information to the people according to their need, solving problems or entertaining or fill their brains, as people are prepared to pay for it.

The two main online businesses that fall under this category is affiliate marketing, in which you help the manufacturers to promote their products and services. And the other one is forex or foreign exchange trading. Get some excellent mentors to learn the gimmicks and tactics involved in these two businesses to make money online. Following the experts in their same way can mint you huge sum of money.

Self discipline and self determination are the two main personal traits essential for online working pattern. Nobody can make huge money without making any effort towards the path of success. Make money online too demands your quality time to be spent, at the initial stages, and in the later stages money may pour in automatically. You can learn by trail and error method, but it consumes lot of your time, where you can start earning with it.

Using forex software may bring you lot of profit, even as a novice trader. And in the affiliate marketing, you will definitely have mentors to help you to proceed in a proper way to earn great money, which the mentors would have crossed during their early stages. They will be proud to help you to make money online.

Why the Blogging Turtle Beats the Blogging Hare Every Time...!

I have to admit, I started my blog - Residuals and Royalties with a passion and conviction to become one of the top bloggers in the "make money online" niche. I had a great Wordpress design and I was posting every day. Like the hare in the old children story - I started out fast! I was excited to see my blog gaining traffic and for months I kept posting at an amazing pace. Then when I noticed that I was not making the money I had hoped, in fact I was not making much money at all - I did what most bloggers do. I quit. I stopped posting almost altogether. I may have added a post here and there - but that initial drive was gone. This is the reason why I am not a top blogger and if I plan on becoming one - I better start acting more like the turtle.

Being like a turtle requires a slow steady pace of building inbound links to my blog and posting at least 3 times a week. Consistency is the key to success. I just wish someone would have told me that a year ago. The fact is - if you want to be like Shoemoney, Darren Rowse or John Chow - you have to be consistent.

I haven't given up my plan of becoming a top blogger and I believe my website has all the makings of a top blog. But as of now, I am going to start living life like the turtle. My goal is to slowly move to the top few pages of Google for the search term - make money online. This term gets 600,000 to 1,000,000 searches per month. I plan on monetizing my blog so that advertisers will want to purchase space. I plan on building a following via twitter, RSS and Aweber. These are the secrets to becoming a top blogger. So if you'd like to watch me grow, check out my blog at the link below.

I have spent the last year finding legitimate ways to make money online and I am sure you will find a few gems there for yourself. I currently make about $900 a month online, which is no where near my goal. But hey, it's a start.