You’ve heard how easy it is to make money online and you want your piece of the pie. Here’s the problem: where do you start? There’s dropshipping, blogging, affiliate marketing, and so many more choices.
True, but let’s get an unfortunate truth out of the way first. Those markets are saturated which means you won’t have a good chance of making any real profits.
Don’t give up yet, though. There’s still plenty of money to be made online, and Modern Millionaires might have the answer you’ve been looking for. Their course details how to start a lead gen business.
If you’re not familiar, all you need to know is that this kind of business is easy to start on your own and doesn’t require much of an investment. The course starts by walking you through the process of choosing a niche. This is the foundation of a lead gen business, so it’s pretty important.
Let’s get into just how important a niche is and whether the Modern Millionaires course really sets you up for success (or read this review for more details).
Why bother choosing a single niche?
You may not know this, but you can’t do business with everyone. Any business owner will tell you this, and the ones who disagree are more than likely struggling. Choosing a single niche lets you focus on one group of buyers with your lead gen business.
That means you have a clear goal that’s easier to achieve. The Modern Millionaires course dives into this concept as soon as you start with a list of over 120 niches. It provides a roadmap for choosing from these niches based on your expertise, interests, and budget.
How does choosing a niche benefit you?
We should make one thing clear: there’s no right or wrong niche. The most important thing is that you choose one, no matter what it is. You want customers to look at you and immediately know that you’re the right lead gen business for them. That’s not going to happen if you try to do everything well (and try as you might, you won’t succeed).
Let’s say your lead gen business focuses on the finance industry. Customers in that industry will see that you’re the best fit for the job. Instead of trying to compete with everyone in every industry, stick to one.
The Modern Millionaires course harps on this and guides you to set up a business within a specific niche. This step is crucial because it determines how much you’ll pay for each lead. If this is your first foray into a lead gen business, that cost can make or break you.
Things don’t always pan out the way you expect. That’s part of entrepreneurship, but it doesn’t have to mean the end of your lead gen business. You can pull out from one niche and choose another as easily as you chose your first.
You could be finding leads that are too expensive for your current buyers, or the market might slow to a halt. That’s not a problem like it would be with many other ecommerce business models.
Want to switch from finance to real estate? Follow the instructions in the Modern Millionaires course again. This is where that list of 120 niches really comes in handy. You have more choices than you need and plenty of chances to make money.
Of course, that’s not the only thing the course covers. But it’s one of the most important parts of any lead gen business. We’d recommend this course based on the information about niches, but you can expect to learn how to create a fully automated lead gen business if you check it out.