Module One – Day One – What Is A Niche?

Link of the lesson: http://www.challenge.co/training/2010/mod1/day1/

httpvh://www.youtube.com/watch?v=q-P2ua1Wc_I

videos were created by http://www.challenge.co/

"Actions For The Day - Spend some time exploring online markets to try and identify 3 examples of the market, niche and micro niche hierarchy." 

Videos like this ones are so important and so crucial, if they're looks boring for someones, just re-watched them for that moment, when you'll start loving them. I was at the same point in 2009, and when I saw videos like this ones. I said, hmm long video I didn't understand what are he talking about , skip that and moved to next one. And after that I'm wondering why is the PRACTICE lessons doesn't works for me.

Really, some things will be come to you little bit later may and after challenge, it was in my case by the way.

Dr. Anthony Fernando talking about Market, Niche, Michro Niche. And he explaining this very clear.

Here is my way of thinking about this. First of all we should to look at the image below and follow from the biggest on Market to lowest (or targeted on) Micro Niche.

Market > Niche > Micro Niche

At first if you're beginner like I am. You should to focusing on just a one Micro Niche (I'll explain below what I said this). So just a one micro niche, becouse in my opinion it's very crucial to identificate, when you just starting out. But when you'll get it, it's life transforming.

And you really need to thinking about your choose, not like about just a words, web-pages, numbers into your Google Analytics account. You need thinking about this one like about real people, with real needs, problems, questions and so on.

So after you'll find the one profitable Micro Niche. You'll need to look to the image below in the different way:

Micro niche > Niche > Market

What I mean by that is you need try to figure out, which ones other's micro niches will be profitable for you. Because one important things which one you did, you puted a lot of time, energy and effort into researching about your first Micro Niche and now you have a lot of skills and data, which ones you'll can put to another Micro Niche (on the same Niche and the same Market).

So after you'll done with this, you'll have kind of network of the sites. Which ones you'll can direct to your Niche level. It'll be probably affiliate or your product, but it'll give a lot of targeted traffic.

After saing this, it's only my thoughts and opinion. I talking in this way, becouse I completed 30DC 2009. But stick with the Challenge team, and focus youself onto find this ONE first micro niche. It'll help you create your first cash flow online, with which one you'll can move to another step.

And please pay very close attention to the The Challenge 2010: Mod 1/Day 1 – What Is A Niche? video started at 6:35 and end at 8:19. I'll recommend  you do the same like from this Pre-Challenge – The Magnificent Symphony of Four Parts – Day Six lesson. And I very like the phrase "Hope for the best" – it's really what was happened with me.

Here is completed action for this day:

What I did. I went to the eBay categories section. And indentified what the highlited word are the Markets, and submenues is a Niches.

Then clicked on some of ineteresting or not me Niches, drill down it's a little bit and find the micro niches.