Pinger030
Regular Member
- Oct 15, 2013
- 304
- 379
Calea21 Textbroker is working more like an agency. You don't have to pick a specific freelancer and work with him directly if you don't want. The agency cares about everything.
uhacks I don't want to advertise a specific course here. You should look at the download section of this board. I guess there's no big differences between the course because you can count on one hand what's necessary to be successful. They all contain these basics and then you have to research for the specific topics (YouTube, Formus, Blogs etc.) It's not done with only one course because it can't go too much into detail for every specific topics.
Liedan + swjedi It's all about the ratio between offers (amount of competitors) and demand (bestseller rank). A ratio is mathematically calculable. Here's an example. I know it's not real but I just want to explain the principle:
1) You know that there's tons of money in the diet market, so you browse through the top 100 lists of sub-categories.
2) Then you compare these top 100 books: "Oh, 20 of these 100 books are low carb books. This could be a profitable niche."
3) Then you search for "low carb", click on each book of the 1st and 2nd page and calculate the average besteller rank (rank of book 1 + 2 + 3 + ... ÷ number of these books = average rank)
4) Then you calculate the: Number of all competitors in "low carb" ÷ average rank = factor x
5) Now you can repeat this with 10 other niches. The niche with the lowest factor x is the most profitable
6) With this simple method you can also calculate what's the best sub-categories and best keywords.
This is just the raw principle but if you think a little bit about it and play with this idea you should figure out your own strategy. And yes, it's time consuming but it increases the chances to find a good niche.
I think you'll never find the "perfect niche" because even if the factor x of a niche seems to be the best there are "soft factors" (don't know a better word in English). Extreme example: If all books on page 1 and 2 of your niche have 1000 reviews, the authors have Facebook pages with many followers, the quality is so high that you're not able to compete with them etc. you've no chance, no matter how profitable this niche is. So if you compare the niches with each other you have to reflect yourself, your knowledge, your skills etc. and decide if you're able to compete with the others/if you think you have a realistic chance to beat them. If you do it honestly/carefully you could figure out what's your position will be even before you've published your book. Ideally you can say: "I'll rank between competitor 5 (with a rank of 5.000) and competitor 7 (with a bestseller rank of 10.000). So the expected rank of my upcoming book should be 7.500. With this rank I'll have 20 sales/day = $36/day = $1.080/month. Just for example (numbers are not right).
Last but not least: Even if you find the most profitable niche with the best factor x, there'll come more and more competitors and the niche gets more and more unprofitable with the time. There will be people who are passionate for this topic and give everything and create the most valuable books that they can. So if you want to hold your position you have to fight and increase the quality of your book or publish new books with higher quality, build up a fanbase etc. Otherwise your book(s) will die. You'll not fight if you hate your niche, so it's not the best idea to choose the most profitable niche just because of the money ...you need to be interested in your niche and ideally be passionate about it.
Personal thoughts: For a beginner it's important to make a niche research as deep as you can. Even if it takes 1 week. You need to get a feeling for the market. With the time you know what you can, so you can easily step into niches where other people say it's "super saturated" and be successful there. "Saturation" is just an excuse of people who are not able to reach the quality to sell in these bigger niches. Even if the competition is high it doesn't mean that you can't be one of the best. Remember that there are authors who are not passionate for this niche, so if you're passionated about a specific niche you can outrank your competitors easily. They'll not fight like you who's burning for this niche. So if I you really like a niche you can step into the niche and be successful without big research etc. That's how I do it since 2014.
uhacks I don't want to advertise a specific course here. You should look at the download section of this board. I guess there's no big differences between the course because you can count on one hand what's necessary to be successful. They all contain these basics and then you have to research for the specific topics (YouTube, Formus, Blogs etc.) It's not done with only one course because it can't go too much into detail for every specific topics.
Liedan + swjedi It's all about the ratio between offers (amount of competitors) and demand (bestseller rank). A ratio is mathematically calculable. Here's an example. I know it's not real but I just want to explain the principle:
1) You know that there's tons of money in the diet market, so you browse through the top 100 lists of sub-categories.
2) Then you compare these top 100 books: "Oh, 20 of these 100 books are low carb books. This could be a profitable niche."
3) Then you search for "low carb", click on each book of the 1st and 2nd page and calculate the average besteller rank (rank of book 1 + 2 + 3 + ... ÷ number of these books = average rank)
4) Then you calculate the: Number of all competitors in "low carb" ÷ average rank = factor x
5) Now you can repeat this with 10 other niches. The niche with the lowest factor x is the most profitable
6) With this simple method you can also calculate what's the best sub-categories and best keywords.
This is just the raw principle but if you think a little bit about it and play with this idea you should figure out your own strategy. And yes, it's time consuming but it increases the chances to find a good niche.
I think you'll never find the "perfect niche" because even if the factor x of a niche seems to be the best there are "soft factors" (don't know a better word in English). Extreme example: If all books on page 1 and 2 of your niche have 1000 reviews, the authors have Facebook pages with many followers, the quality is so high that you're not able to compete with them etc. you've no chance, no matter how profitable this niche is. So if you compare the niches with each other you have to reflect yourself, your knowledge, your skills etc. and decide if you're able to compete with the others/if you think you have a realistic chance to beat them. If you do it honestly/carefully you could figure out what's your position will be even before you've published your book. Ideally you can say: "I'll rank between competitor 5 (with a rank of 5.000) and competitor 7 (with a bestseller rank of 10.000). So the expected rank of my upcoming book should be 7.500. With this rank I'll have 20 sales/day = $36/day = $1.080/month. Just for example (numbers are not right).
Last but not least: Even if you find the most profitable niche with the best factor x, there'll come more and more competitors and the niche gets more and more unprofitable with the time. There will be people who are passionate for this topic and give everything and create the most valuable books that they can. So if you want to hold your position you have to fight and increase the quality of your book or publish new books with higher quality, build up a fanbase etc. Otherwise your book(s) will die. You'll not fight if you hate your niche, so it's not the best idea to choose the most profitable niche just because of the money ...you need to be interested in your niche and ideally be passionate about it.
Personal thoughts: For a beginner it's important to make a niche research as deep as you can. Even if it takes 1 week. You need to get a feeling for the market. With the time you know what you can, so you can easily step into niches where other people say it's "super saturated" and be successful there. "Saturation" is just an excuse of people who are not able to reach the quality to sell in these bigger niches. Even if the competition is high it doesn't mean that you can't be one of the best. Remember that there are authors who are not passionate for this niche, so if you're passionated about a specific niche you can outrank your competitors easily. They'll not fight like you who's burning for this niche. So if I you really like a niche you can step into the niche and be successful without big research etc. That's how I do it since 2014.
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