Recently I’ve been meeting people who describe themselves as “internet marketers” or someone who is launching an “online business/portal”. It seems practically everyone has a web project they’re working on for the long term goal of… making passive income! (Except for my 5 year old – her website really is for fun).
And why not, I say! Passive income is so 21st century.
Let’s look at what you can offer, why offer it, and what it may bring you.
Specialise Narrowly
You probably know your niche already – it’s what you do for people everyday. But hey, if you’re sick of what you do professionally you need to find another passion – and supply information that many people are in need of.
Hook into a Demand Area
Obviously there has to be a demand, with limited supply. You can even create a demand by being the pre-eminent authority in your field. Do your keyword research, trend research (Google Trends), and you will find ideas as well as help narrow your niche even further.
What you want is a demand that’s not temporary (like iPhone manuals), but something that’s evergreen, like kids party decorating.
Case Study – Productive Gardens
Our case study shows a clever, practical person hooking into a growing ‘evergreen’ trend.
David Borthwick, a keen gardener, started Productive Gardens to share that anyone can grow herbs and vegetables at home in minimal space. He’s grown his little empire, with both physical products and eBooks called Vegetable Garden Doctor, Raised Garden Beds, Natural Pest Control, Stacking Gardens, and more.
He has a blog, a follow-up email system, video tips, newsletters etc. By the look of his very cute custom website, he’s doing very well. See www.productivegardens.com.au/blogs/news.
When I talked to David at a food show, he clearly talked about what value you get from this garden within a short time. As well, he picked up email details from passersby by offering a tiered garden system as a prize.
So you can see how the alignment of your values, your passion, and a popular trend is the right niche to fulfill your passive income dreams.
