Which niche is the largest?

#Review #Question Alex, thank you so much! Through the quest and your responses to my messages, my childishness is gradually disappearing, and an understanding of business is beginning to emerge.

I spent 400,000 rubles at Like Center to learn about business because I was very interested and it was one of the first courses I took. Now I understand that the Like Center itself is a very good business. They simply buy up all the traffic. They have a good funnel and great triggers, even in their webinars. They had significant growth. In 2021, they made 7.5 billion rubles, in 2022 - 5.3 billion, and in 2023 - about 4 billion. However, 90% of their customers opted for installment plans. This means their target audience consisted of people chasing easy money, etc. But their product itself is very weak. In reality, they don’t teach real business.

Thanks to the quest and your YouTube videos, I truly started to understand what business is. What is essential in business. And I understand that there is still much to learn and realize. This is normal. That’s why we are in this world.

I created an Xmind map with your information about business to always look at and remind myself. I will attach it to this message. Regarding the product, marketing, and sales, I understand, perhaps superficially. But I understand. I will study in depth thanks to the quest and you.

#Question And now I have a question:

How to choose the right direction in business, how to analyze the market? Because in one of your videos, you mentioned that there are factors limiting our growth, and one of them is the volume (size) of the market. When the number of buyers is limited.

So, the question is how to determine/analyze which audience is the largest? Which niche is the largest? Yes, perhaps now if I understand that there is a larger audience/market for something, and for this, a certain product is needed. At the very least, I will set myself a goal and make a breakdown. I will understand what needs to be done every day. There will be meaning. And there will be growth. There will be actions focused on the goal.

I hope I managed to formulate the question. And about the subscription, yes, the trial has ended. I will buy a new one today. I just have to choose which one. Because asking you questions is very important to me to get personal feedback. Thank you once again!

#Answer

Seeking the largest niche is a 100% path to failure. For example, the niche of building data centers for AI is very promising. So what? Got an extra 100 billion dollars?

When you start, you should NOT seek a large niche. You need to find a niche where you can quickly reach the next level, which will provide more opportunities, connections, and prospects. At the next level, you will find an even more promising niche and make another leap.

If you try to storm a global niche quickly, you are likely to achieve nothing.

If you start with a niche that will quickly bring a qualitative leap, you will gradually achieve a lot.

All the great ones who are now building spaceships and artificial intelligence started with relatively simple and very narrow, boring niches.

For example, starting with info business, dropshipping, or arbitrage is a good idea because it quickly teaches you business. But staying in this for 10+ years is not so good. Although, there are people who made their millions of dollars and need nothing more.

Also, it’s not the niche that ensures growth but the skills of marketing and sales, and vision. Many people have rushed into the AI market now. All of them will fail.

Understand, if you do NOT know how to do business, a niche will not help. But if you do, you can grow in any niche and see niches that a fool will never see. People make money, not niches.