subject: Niche Marketing - 3 Common Reasons Why Most Internet Marketers Fail To Earn Good Money Online [print this page] Niche Marketing - 3 Common Reasons Why Most Internet Marketers Fail To Earn Good Money Online
The cost to set up an internet business is minimal and the way of how to go around and create a business is fairly straight forward. Yet, there are many internet marketers that fail to generate a good and stable income stream, whether you are promoting an affiliate's product or selling your own product.
Here, I am writing this article to list out the 3 common reasons why most internet marketers fail to earn good money online.
1) Overlooking the importance of sub-niche
Internet marketers tend to be attracted to get into a general market (Eg Weight Loss) where the number of potential customers is larger in scale. With this said, it directly translates to more competition and puts a heavier pressure on your internet business. Alternatively, the recommended option is to specialize and sub-niche (Eg Weight Loss by a special formulated diet) into a more specific market that has a smaller customer base but will still remain profitable.
2) Insufficient market research
Another common mistake most internet marketers commit is rushing to set up an internet business which would most likely not get you far. It is important to ensure that you conduct thorough and sufficient market research to get a brief idea of how big and profitable your chosen market will be. Technically, data of customers' demand and merchants' supply could be obtained via Google keyword search, Clickbank search or blog search
3) Overlooking list building
One of the most important principles I have learnt thus far is that your mailing list is the most valuable asset as a successful internet marketer. However, some internet marketers tend to be ignorant and take the fast track by just promoting or selling products, where they bother less to go through the hassle of getting subscribers and to follow up with emails. A crucial reminder here is that by building a mailing list, you could build a relationship with subscribers which is important to allow you to continuously promote products in the future.
Conclusion
In a concluding note, the 3 key points to achieving success in the dynamic internet industry are to sub-niche, conduct sufficient market research and build a strong mailing list. I do hope this article had been useful to you and will spark your interest to join the proven online money-making industry with Internet niche marketing. Feel free to follow my other articles to learn more about Internet niche marketing in whole.
