The 5 Point Formula To Find Your Niche

Finding your niche is an important process. And I've simplified this into a 5 P formula.

1. PASSION - You need to love the topic. Whether it's business growth, career growth, health, relationships, make money or personal development, you need to love the topic.

2. PROBLEM - Your passion needs to solve a problem. If your passion does not solve a problem, then it automatically becomes a HOBBY.

3. PERSONA - Your passion needs to solve the problem for a particular type of person. You cannot say that you serve everybody. You have to serve a very specific target market.

4. POTENTIAL - Your market needs to be hungry enough to have that problem solved. This is where your market potential comes into play. This is an important element. The higher the desire the bigger the potential.

5. PAYMENT - Your market should be willing to pay you for your solution. People who pay, pay attention.

When all these 5 align, then you are on your path to making your niche work for you. Else it will be a constant struggle.

Thanks....