The Line Between Niche Competition And Profitability
I've been doing a lot of research on niche selection in these past few months, but I've been running into one main issue that I've had a hard time tackling.
Throughout the past few years, I've worked on 6 different websites, some doing significantly better than others. And I've discovered something throughout this time, and even more so now that I started doing niche research in depth. It seems that all the profitable niches are very competitive to rank in, and the ones with low competition that you can easily get thousands of organic visits from pay next to nothing.
For example, my girlfriend has a site in the weight loss niche that has a decent RPM of around $7, however she's not doing well with traffic and gets almost zero from search engines. I have a site in a relatively untapped niche that's getting around 600 visits a day, but as an RPM of less than a dollar. Bear in mind these low paying sites often don't have much affiliate marketing potential either.
I guess what I'm getting at is that it seems incredibly challenging to find a niche that can make a good amount. Perhaps I'm looking at this whole thing wrong, or there's something vital I'm missing, I just don't know.
For now, I'm happy with my passive earning sites as long as they make enough to pay for their annual domain renewal.
What are your thoughts?
I have an addiction to starting projects. Therefore, it's not worth listing a site here, because I'll probably be focusing on a different one next week!