There's quite a few marketers out there talking about niche sites like they are a piece of real estate.
They're right!
There's a wide variety of niche sites you can make, but the most favorable types and domains will be filled eventually.
For example, let's take a look at the 'internet marketing' niche. Internet marketing is a wide category. Within it, you have autoresponders, courses, domains, hosting, ebay,...you get the idea.
Within hosting, you can break it down to server types, bandwidth limits, personal ones, and business ones to name a few.
Each category is a niche. You can break down a niche more and more, but then you decrease your market size.
What happens over time with a niche? Niches eventually get filled. The internet marketing niche is pretty lucrative and competitive. You might be able to get into it right now, but you'll have to be highly unique and brilliant(setting yourself apart from the rest of the competition) or spend more time or money on it.
Right now, I'm living in the Bay Area (California). I started to think about how it would be trying to find a home over 50 years ago. Since it wasn't as populated as it is now, I'm sure that people were able to buy property easily at that time.
Now, residential real estate is selling for over half a million. In favorable areas, you'll be looking at close to a million or more. Just like internet niches, people will be moving out to hop into other ones...or maybe even settling for less.
So how will the internet be when all of the popular niches become filled? If you think that competition is fierce now, think about how the future will be.
Some people think I'm crazy spending tons of time building websites. The way I see it is that there's a great urgency.
There were a few niches I thought about working on a few years ago. They weren't competitive back then, but now, I wouldn't even consider working in them. Some of these sites have thousands of backlinks to them.
The internet is getting more and more competitive by the minute.
Grab your piece of virtual real estate while you still can.
They're right!
There's a wide variety of niche sites you can make, but the most favorable types and domains will be filled eventually.
For example, let's take a look at the 'internet marketing' niche. Internet marketing is a wide category. Within it, you have autoresponders, courses, domains, hosting, ebay,...you get the idea.
Within hosting, you can break it down to server types, bandwidth limits, personal ones, and business ones to name a few.
Each category is a niche. You can break down a niche more and more, but then you decrease your market size.
What happens over time with a niche? Niches eventually get filled. The internet marketing niche is pretty lucrative and competitive. You might be able to get into it right now, but you'll have to be highly unique and brilliant(setting yourself apart from the rest of the competition) or spend more time or money on it.
Right now, I'm living in the Bay Area (California). I started to think about how it would be trying to find a home over 50 years ago. Since it wasn't as populated as it is now, I'm sure that people were able to buy property easily at that time.
Now, residential real estate is selling for over half a million. In favorable areas, you'll be looking at close to a million or more. Just like internet niches, people will be moving out to hop into other ones...or maybe even settling for less.
So how will the internet be when all of the popular niches become filled? If you think that competition is fierce now, think about how the future will be.
Some people think I'm crazy spending tons of time building websites. The way I see it is that there's a great urgency.
There were a few niches I thought about working on a few years ago. They weren't competitive back then, but now, I wouldn't even consider working in them. Some of these sites have thousands of backlinks to them.
The internet is getting more and more competitive by the minute.
Grab your piece of virtual real estate while you still can.
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