If you are an online business owner, you have almost definitely been told to define your niche. And maybe, you have been told that you need to choose a profitable business niche.
See if any of THESE sound familiar.
“Oh that’s so cool… but do you actually make any money?”
“Are you sure there’s a market for that?”
“You should probably work in X niche instead, you will make a lot more money”
“I’m gonna give you a list of the 20 most profitable niches online!”
Let me guess. These statements made you a little bit uncomfortable.
Because you think your online business idea isn’t “profitable”.
However, in this blog post, I am going to explain that not only is it possible to make money in ANY online business niche, but exactly how to profit from it.
I am going to show you how you can create the wealth and profitable business niche you desire just by being YOU.
So, do you even NEED a niche for your online business?
We can’t talk about online business profits without covering niches first!
If it is true that you can make money no matter what field you are in (spoiler: you can), then do you actually NEED a niche?
The short answer is YES you still do, and here’s why.
A profitable niche is simply defining exactly what problem you solve and for who.
No matter what field you are in, your niche and business need to be serving SOMEBODY.
Let’s say for example you want to teach art online.
Even though it is creative, heart-felt and a beautiful service, you will still need to define who you are targeting in the noisy online space.
Instead of saying that you teach art online, get more specific.
For example, you teach artistic beginners how to get over their fear of imperfection and create watercolour prints. This will help people to know whether you are the right teacher for them straight away, resulting in more conversions.
Defining your niche will help you to
- Clearly target potential clients/customers in your marketing
- Stand out from the crowd and be known for what you do
- Keep people from being confused about what you do (remember: a confused mind always says no!)
How to make money regardless of your field of business
So, we know that you need a niche to have a profitable business. That is a given.
But is YOUR niche profitable?
You might have been told that your idea for a business is crazy. That it would never make money. They might have even said that you should give up on your ideas and just “choose something more profitable” instead.
You can make money no matter what field you want to work in.
You CAN build a business that
- Creates the wealth you are dreaming of WITHOUT sacrificing who you are in the process
- Reflects your life’s purpose and brings meaning to other people while still making a profit
All those people that are telling you that you need to just follow the market and ignore what is in your heart?
They are not going to help you build a financially profitable business niche that you are truly passionate about. Ignoring your desires and following the market might help you make a profit.
But it won’t help you live the life you are dreaming of.
The one where you can charge premium prices and KNOW that you are worth it.
A life where you can serve your clients and work on your terms.
Where you get to be the boss, and have SO much fun doing it because it is by YOUR heart’s design.
Which is why I have opened up the Money Leverage Wealth Academy.
A place where online entrepreneurs like you learn how to create as much financial abundance as you want, while remaining true to yourself.
So if you have been running your business for a while and haven’t seen the financial growth that you imagined, this is the year that we change it.
Steps to start defining your niche in a way that is profitable
You can make any business profitable if you have the right tools and the right money mindset to match.
The most important thing? Staying true to yourself. This means that you will have MORE fun, MORE alignment, and MORE freedom to run a meaningful business.
So to start defining your profitable niche (i.e. taking your purpose and turning it into a business), here are a few ideas to get you started:
- Get super specific on who you serve and what problem you help them solve
- Upgrade your mindset to match what you want to charge (you have to believe that your skills and knowledge are valuable!)
- Use your unique story as your superpower – people want to work with YOU
The Mind Leverage Wealth Academy is the next step to creating a profitable business niche using your own power and desires to create money (instead of just following more strategies). Ready to step into your power and create the wealth you are dreaming of? Click here to find out how!
- Listen to The Happy & Wealthy Podcast
- Get your FREE financial road map to help you plan your most successful business year yet
- Read more money mindset, biz building and wealth management blog posts
- Come chat with me daily on Instagram, @alejandrar_coach