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Niche Markets is ultimate solution
The trend today is to get away from good old fashioned Internet Marketing, and develop Niche markets. The most recession proof answer to question of surviving a recession is to have several different Niche web businesses.
What could be better than a series of web sites in a small niche market selling affordable products. If one small niche can bring you just $300 to $500 a month, it is obviously not enough to live on. But, if you have 3 niche markets each earning $500 per month, that is $1,500. Not bad. What if you have 10 sites each making $500, total of $5,000 a month is quite respectable. Now that is a reasonable amount to live on.
The best part of it is this. As trends change, like they do every year if not every few months, you may find one or two of your niches go dry. You may give them up. If you have to, it is not life threatening because of backup position you have with all your other niche sites.
How many niche markets should you have? No easy answer to that one. Every individual case is different. Phil Wiley claims to have over 100 niche sites. In case you're not sure who Phil Wiley is, he is author of most renowned ebook on Niche Marketing called Mine Site Profits. You can read a good review at Best Affiliate Products at http://www.bestaffiliateproducts.com/minisiteprofits.html
Personally I am working on a couple of niche sites, and my first target is 10 sites. After that, who knows. As long as you find products people want, recession or not, you will be a winner.
Go for it, build a few niche sites. You can't go wrong.
Fred Farah copyright 2005
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