Here are Days 21-25 of the 30-Day Niche Research Blueprint to help you with selecting a niche for your online business.
On these days, you will continue the steps in researching your chosen niche for your online business.
Day 21: Your Niche Business Needs Affiliates
If you are going to be creating and selling your own products, keep in mind that this is not a lone-wolf endeavor.
You need a community around you to help promote your products and send you customers.
These are known as affiliate marketers.
Affiliates help recommend and promote your products in exchange for a commission when a sale is made.
This is a percentage of your sale, typically 50%, but it could be less or greater, depending on the circumstances and niche.
Tangible products usually pay much less than digital information products.
On Day 21, you want to see who your competition is recruiting.
The easiest way to do this is to pay attention when your competition talks about their affiliates, such as making social media posts about their success in a promotion.
These could be people that are also willing to become your affiliate as well.
All you need to do is compile a list of prospects.
Leaderboards of past contests can help guide you on whose list is responsive for a certain topic.
Day 22: Going the Extra Mile for Affiliates
You might be tempted to believe that top affiliates only perform for the rate of commission.
But this is actually a common myth.
The best affiliates don’t just want the same money from you that everyone else gets.
They may want other benefits as well.
The best way to know what an affiliate might be interested in receiving from you is to know what they got from other niche leaders, so you’ll be looking for that information.
Depending on who the competition is, be prepared to offer big perks, such as prizes in a contest for the top 5 affiliates whatever that particular company offers.
For example, if you have a funnel that earns you an average of $100 per sale, then you might be prepared to give away the front-end product costing $10 to your affiliates at 100% commission.
This is a great way to get them on board, get their subscribers on your list, and make money in the upsell.
Day 23: Become an Affiliate Yourself
Affiliate marketing works both ways in a niche.
While you want affiliates to promote digital products you’ve created, you can also become one yourself for other people’s products.
Most product creators are also affiliate marketers themselves.
On Day 23, research digital products in your niche that your audience might need or want.
You’ll need to research all the popular products to see what you can promote.
For example, you’ll be looking for digital information products specific to your niche that can help solve whatever problem they have.
This can be in the form of eBooks, courses, video modules, or subscription services.
Day 24: Go Beyond Digital Items
When you’re in the marketing mindset, it’s easy to focus on just digital items.
But many niches have customers who need physical products as well, so you want to brainstorm that on Day 24.
For example, if you’re in the dog training niche, you might only think about promoting a video course on puppy training.
However, your customers also need physical items like dog treats, whistles, leashes, collars, leak-proof puppy pads, and more.
This gives you an opportunity to promote and make money on these items, so make a list of the tangible items your niche buyers will want to buy.
Day 25: Make Recurring Commissions
Don’t limit yourself to a single commission.
On Day 25, look for chances to make residual income.
Think of items, both physical and digital, that your customers will need again and again.
For example, people housetraining a new puppy may need leak-proof puppy pads repeatedly.
Help them by suggesting a subscription service so that they get these delivered automatically every month and don’t even have to think about it.
Meanwhile, you earn every time they get a delivery and there are monthly subscription boxes available for many different niche markets.
This concludes Days 21-25 in the 30-Day Niche Research Blueprint.
Next in the Niche Research Blueprint, will be Days 26-30.
📲 Also See Related Posts:
👉 Niche Research Blueprint: Days 1-5
👉 Niche Research Blueprint: Days 6-10
👉 Niche Research Blueprint: Days 11-15
👉 Niche Research Blueprint: Days 16-20
👉 Niche Research Blueprint: Days 26-30
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