Targeted Niche SelectionHow do we pick the right niche to make money online?

This is one of the most common questions.  One I personally was stuck on for weeks, maybe even months.  I got completely focused on trying to find this perfect keyword that will be my personal goldmine.  Well that didn’t happen exactly as I thought and I wasted a lot of valuable time.

In choosing my niche I thought long and hard, going back and forth on different ideas on what I should base my site on.  This site about making money online was easy to pick because I am constantly learning ways to make money online.  I love talking about it and this blog will be a great way to keep me accountable.  Now the make money online niche is completely saturated and I am doing this blog to document my journey.  If it ever ranks in Google that will be a bonus.

Thanks to Pat Flynn over at Smart Passive Income and Jeremy and Jason at Internet Business Mastery with them I was able to get past this road block and move forward.  “We want progress, not perfection” is brought up a lot from Jeremy and it can’t be any more true.

After asking myself some questions and being honest with myself I have decided on a niche that I feel like I will be able to rank well, and be able to monetize down the road.  I will be launching a website that is going to provide Photoshop tutorials geared toward photographers who are beginners with the software.  I picked this niche for a few reason.  Most importantly it is something I can see myself doing years from now.  It is also something I do in my free time.  I am also an avid photographer and I struggled with learning Photoshop in the beginning.  I had a hard time finding a really good resource for a complete beginner.

There is a lot of discussion out there if when picking a topic to base our online business about, do we need to have passion for it?, or do we need to be interested in the specific topic?  I won’t get into this debate, but I will say that to increase our chances of success we must be interested in the topic enough so that when we are writing content and no one is reading we won’t get discouraged.  The journey to financial freedom by making money online is not going to happen overnight.  At times it will get lonely and we will wonder why am we even doing this.  Patience, focus, determination, and perseverance are all qualities that will make success online a reality.

If you are struggling with where to begin, like I did, the best way to start making any progress is going to be to start narrowing down ideas you want to blog about.

Take some time, get a piece of paper or use Word.  During this process do not try to filter out any idea, if you thought it and an idea came to mind it belongs on the paper, write it down.  We will filter these ideas later.

What am I passionate or even interested in?

What problems do I have, or have solved?

What do I want to learn more about?

What do I do in my spare time?

What would I do if I didn’t have to work anymore?

What causes me to lose track of time when I am doing it?

What are my fears?

After you have all these questions answered you are one step closer to picking your perfect niche to develop an online business and start to make money online. 

In my next post I will show you how we can narrow this long list to a select group of ideas that will be great to base our site around.

Please share your questions or comments about niche selection or anything else in the comments below.