Digital Real Estate Secrets

Ep 14: Niches You Should Avoid Like The Plague

Dec 5, 2024
Discover the crucial mistakes to avoid when selecting niches in digital real estate. Learn how to identify profitable opportunities while steering clear of oversaturated markets. Explore the pitfalls of service industries and why certain niches, like alarm systems and solar services, can stifle your potential. Get practical tips on ranking websites to ensure passive income while navigating the competitive landscape. Tune in for key insights on making informed decisions that support long-term success!
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ADVICE

Rank & Rent Niche Criteria

  • Choose niches that are phone-driven, generic rather than branded, mid-to-high ticket, and have good search volume.
  • Avoid niches requiring legal compliance and focus on recession-resistant markets for better passive income potential.
ANECDOTE

Towing: Unprofitable and Frustrating

  • Nick Wood experienced towing niches twice and found limited profit potential and difficult business owner dynamics.
  • Despite some earnings, he advises against returning to the towing niche due to these challenges.
ANECDOTE

Electrician Niche Challenges

  • Nick Wood tried the electrician niche but found it too branded and competitive with many small jobs.
  • A sub niche like EV charger wiring might work better, but overall electrician leads were not profitable for him.
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