Here is what I mean. It seems to me that there are two theories for selecting a niche to go into. One is to go for a big, popular product that you know tons of people are buying on the internet. The problem is, you will have many, many competitors competing for the same customers. However, it seems to me that it the volume is high enough, there will be plenty of customers to go around for everyone.
The other approach is going really narrow in your focus. This way, you have fewer competitors, and you can dominate your niche more. However, it seems to me even if you get every customer looking for, say, charcoal aquarium filters, clicking through your affiliate link, thats not a huge amount of money even at the best of times. However, it is possible that your dominance will allow you make a good income even off a really obscure product.
So, which approach to you guy generally take in selecting a niche? The small fish in a huge, but resource rich pond? Or the huge fish in a smaller, poorer pond? I myself have been focusing on very small, narrow niches, but I've just started on a site for a much more competitive niche, to see how that works out. What do you guys think?
The other approach is going really narrow in your focus. This way, you have fewer competitors, and you can dominate your niche more. However, it seems to me even if you get every customer looking for, say, charcoal aquarium filters, clicking through your affiliate link, thats not a huge amount of money even at the best of times. However, it is possible that your dominance will allow you make a good income even off a really obscure product.
So, which approach to you guy generally take in selecting a niche? The small fish in a huge, but resource rich pond? Or the huge fish in a smaller, poorer pond? I myself have been focusing on very small, narrow niches, but I've just started on a site for a much more competitive niche, to see how that works out. What do you guys think?