You have heard it thousand times like a broken record.
Many “gurus” say in order to make your fortune you have to do what you are passionate about.
“Do what you love and the money will follow.”
What if your passion doesn’t pay?
What if the market for your passion is too small?
What if your prospects of your passion have little or no money to buy your product?
Does it mean that you can’t make a buck online?
My friend used to joke that his passion was sleeping. Can you think of a way to make money from sleeping? If yes, let me know.
Onward.
Seriously, if your passion does not pay, what can you do?
Or worse still you don’t even know what your passion is — even after you’d meditated in the deep forest for years.
Let’s me tell you, there IS a way out.
(Don’t get me wrong, if you can marry passion and money, then it’s a bonus. But what if you can’t?)
The trick is simple. And there are two.
First, think of a problem that you have solved before that people are dying to pay for. For example, maybe you have an experience of getting out of debt.
Or you have a secret formula on how to approach a girl and ask her out for a date the first time you meet her.
Or you managed to get your prospective employer (every time you look for a job) to call you for an interview and convince them to hire you without a sweat.
The list goes on.
I think you know what I mean. It’s easy to write from your own experience and your experience is unique too.
In fact, no one does better than Alexis Dawes. Her approach to this is superb! I learn so much from her.
Second method is to see what is already selling and you jump on the bandwagon.
What better way than knowing that the product is already selling in a particular market? And there’s a ready-made market for it.
But how?
One of the most effective ways to see if a topic/niche is sellable is to go to Clickbank.
Click on “Marketplace” located at the top right hand corner.
Do a search with your keywords. For example, guitar. This is what you get:
Then you’ll see a list of products (guitar related in this example) sold on Clickbank.
Look for products with %refd more than 60% and grav is at least 1.00 (the higher the better). These numbers show that they are selling well on Clickbank.
That’s all you need to do.
You can either make money by selling affiliate product or create your own product.
Easy? Neat?
OK, let’s recap.
All you need to do is 1) IDENTIFY A PROBLEM you have solved that people are willing to pay for or 2) identify a topic/niche that the market is ALREADY buying.
Who says you need to do what you love to make money? Not anymore with this approach.
Have fun,
Abel Cheng
