Once you have found your niche, it is time to get to work growing your online business! If you still haven't found the right niche, be sure to go through this process here:
If you are struggling to choose the right niche, be sure to go through my free how to choose a lucrative niche training course here:
First, here are the resources mentioned in the video:
Free 4 part video training series on building a WordPress funnel is here:
My video on the "Minimum Viable Funnel" concept discussed
Then the affiliate marketing funnel laid out, where you can watch me build out this kind of funnel myself, in real time… (takes about 30 minutes with this tool):
Just in case you have not found your niche yet, or you are unsure… Here is the previous video that will help you know for sure:
More info on choosing your niche if you aren't 100% on which niche is best for you yet, watch this video:
Ok, those are the resources… Here is the inside scoop.
Finding the right niche is part art part science and requires a lot of deliberation and sometimes research to get it right.
I can tell you from first-hand experience that the time you spend researching contemplating and with introspection on finding the right niche pays out dividends in the long run.
If you go into a niche that you don't love you're not passionate about her you don't have a deep interest in, eventually, you will get bored and it will feel like work.
If you go into the right niche you will love what you do every single day and it won't feel like work it will feel like fun.
Up until this point in the playlist on how to choose your niche market we've covered all of the specific steps and tactics to find your niche market. We've also covered how to know when you found the right niche market for you in the previous video linked to above.
Once you have the right niche market it's time to get to work and that's what this video is all about.
Your first job is to test that niche market to see if you can generate leads and generate paying customers.
The trick is to get this testing done as quickly, efficiently, and inexpensively as possible.
In the marketing world, there's a lot of talk about a minimum viable product but I don't believe you should even spend the time or energy creating the product unless you have proof that you can sell said product first.
This is where the minimum viable funnel idea comes into play.
As I explained in this video my wife and I sold our membership program to our audience before we had ever created the content within the membership program.
The energy required from us was minimal. We wrote a sales letter, marketing email, and set up a new subscription product in PayPal.
All said and done it took less than a day. Then we emailed our list to see if our audience would indeed purchase an ongoing membership based on what we promised in the sales letter.
The results were exciting and once we saw the sales rolling in we knew that we were onto something big.
At this point, we got to work quickly on creating the core content for the membership program based on the promise we delivered and within 24 hours began delivering members content to our new members while continuing to market the membership program.
Now you might not be creating a membership program right now. You might be attempting to grow an affiliate marketing business. You may be working on a prototype for a new product that solves a specific problem for your audience.
No matter what you're creating it's important for you to figure out what is the minimum viable funnel you can put together to test your idea first before you spend days, weeks, months or years and countless amounts of money developing a product you have no sales data for.
Having friends or family members say "that sounds great, I'd buy that." Is not enough data.
You need to have actual transactional data from people you don't know who uphold out their credit cards and actually completed a check out on an order form. The faster you get to this point the faster you will know whether a product or service is worth your time and energy to create.