Business

What Makes a Profitable Niche?

June 4, 2021

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Find your profitable niche
If you are among that 42 % who don’t know what their profitable niche is, or in fact are unsure what a niche even is you can relax I got you.

I’m so glad you asked! Helping my clients to uncover their profitable niche is one of the best parts of my job because it makes such an incredible difference to their confidence and success.

The Difference Between a Niche & Profitable Niche

I’m sure you’ve heard many people say, you need to find your niche. Well, they’re half way right … You really want to find your profitable niche. A niche is a segment of any industry with a focused audience who are looking for a solution for their problem. Let’s break this down ….

Finding a niche as a an inspiring blogger, influencer, coach, internet marketer, network marketer, is about as important as remembering to take your passport on an overseas trip! If you don’t, you won’t get very far.

I’ve been in the ‘real world’ of marketing for more than 25 years and although lots of trends have come and the importance of finding your niche, and specifically finding a profitable niche is critical for success. In my experience, where entrepreneurs do best is selecting a niche and a sub niche that is connected to your passion, insights and talents – which I call your Zone of Genius!.

Let’s take a look at one of my favourite clients: Paws Mindfully. When they first came to me their business was Two Oily Em’s (aptly named after the business founders who shared their first name: Em). The pair described themselves as doTERRA Wellness Advocates with an essential oils business, but within a few minutes it was obvious that they were so much more. They were hard workers and had experienced some success, but were struggling to create consistent leads for their business and to then convert these precious contacts into paying customers.

The problem stood out like dogs you know whats! They had totally got their niche wrong and as a result all of their messaging, promotions and even products were missing the mark. You see they had a mad passion for dogs and helping their 4 legged friends and their owners to be cool, calm and content and these made up over 80% of their customer base. 80%!!!! Their Zone of Genius was their ability to help dog owners to find natural solutions for anxiety and stress for themselves and their fur babies. They weren’t in the essential oil industry, they were 100% in the pet industry and their purpose driven soul fulfilling niche was Dog owners with anxious dogs. Boom! Now we have a winner!!

Industry = Pets

Niche = Dogs

Sub niche = Dog owners

Sub-Sub-niche = Dog owners with anxious dogs

Lets face it, when you start a business there is always a lot to take on board. And if you’re like me, you really look at every angle so that when you do launch something it has the absolute best opportunity to succeed. Finding your profitable niche and getting to the point of totally owning your Zone of Genius isn’t any different. Trust me.

However, instead of getting bogged down with the how do I go about this, and the internal chatter telling you that you don’t have a zone of genius, I’ve made it surprisingly simple and created a 5 Day Find Your Profitable Niche Challenge. It’s super easy, you just follow the prompts and I will give you everything you need to get clarity on what you have to over, your unique talents, insights and passions and how to harness these to find your profitable, purpose driven niche. It’s also quick – give me 30 minutes a day and I will deliver you a game changer for your business.

Jump on in and Join my 5 day Free Challenge.

Your business, your bank account and your soul with thank you for it!

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