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LPM Virtual Services, LLC

Building Bridges & Forming Futures

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LPM Lounge

ADD A NEW INCOME STREAM TO YOUR BUSINESS (NEW NICHE)

Posted on April 13, 2020 at 3:40 PM

 

There is more than likely a niche that you have not yet gotten into or have been wanting to get into for a while, but are procrastinating out of fear of failure, or any reason for that matter.

 

Well, I guarantee that you are not involved in every single profitable niche. So, the question arises, "Why not add another profit stream to your business if you can?"

I personally can't think of a reason why not to, can you?

 

Let's say you are in the Debt Relief niche and Insurance niche. You may be leaving money on the table by not getting into another hot niche right now, such as holiday gifts, or a completely new niche that will be a permanent income stream, like Business loans or Insurance for contractors.

 

Breaking into a new niche can be easy, or it can be difficult depending on how YOU make it. Getting into the Debt Relief niche (just as an example), can be as easy as putting up a site or blog about business loans. Write several articles or product reviews about loans and lenders. If you cannot do the research and write articles yourself, you can again, outsource them for as low as $4 an article for good quality articles.

 

Once you have a site/blog set up with articles/reviews you are good to go! You can promote your new niche site and write articles (or have them outsourced again) and submit them to any directory.

 

This tip will also surely enhance your business and increase your profits in the coming year(s), provided you take action and implement it fully.

 

So what if you fail? That is what business and being successful is all about, trial and error. Successes and failures, there is no such thing as a perfect world. And most of the time if you pick a good niche follow your goals and stay focused you will succeed.


What could be your new niche?

 



Categories: Grow your business, Working from home

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