Are Niche Sites a waste of time? It depends on who you ask…

I did a live stream yesterday covering some of the pros and cons of niche sites. (it’s not all rainbows coming out of unicorn butts…See AI image below…)

Like normal livestreams, I got off track and only mentioned a few.

So I decided to ask the new expert about everything in the world…

You got it…

ChatGPT… 

I asked ChatGPT the following questions. I’ll share the responses below…

★ Do you know what a niche site is?

★ What are the pros of niche sites?

★ What are cons of niche sites?

★ How much can niche sites earn?

★ Are niche sites a waste of time?

★ Is there anything missing about niche sites? They seem like a good opportunity. What are the worst things about niche sites, especially things that might not be obvious?

(Funny enough…it was surprisingly hard to get anything close to the rainbow and unicorn image that I was hoping for. This was a very good use of my time. AI does not think it’s appropriate to have rainbows coming out of the rear end of unicorns…)

ChatGPT answers were very good, in my opinion. I’ll paste them below verbatim.

Me: Do you know what a niche site is?

ChatGPT: A niche site is a website that targets a specific, narrow market or topic. These sites often focus on a particular product or service, or cater to a specific audience, such as a particular hobby or interest. Niche sites can be a good way to earn money through advertising or affiliate marketing, as they can attract a dedicated audience that is more likely to make purchases or click on ads.

 Me: What are the pros of niche sites?

ChatGPT: There are several pros to creating a niche site, including:

Targeted audience: Niche sites allow you to focus on a specific group of people, which can make it easier to attract and retain a dedicated audience.

Lower competition: By focusing on a specific topic or market, niche sites often have less competition than more general sites, which can make it easier to rank well in search engines and get traffic.

Higher revenue potential: Niche sites can often earn more money through advertising or affiliate marketing because they attract a highly targeted audience that is more likely to make purchases.

More enjoyable to create and maintain: Many niche site creators find that working on a site that aligns with their interests and passions is more enjoyable and fulfilling than working on a site that covers a broader range of topics.

Scalability: A niche site can be easily scaled up by adding more content, promoting it more aggressively or adding more products or services to sell.

 Me: what are cons of niche sites?

ChatGPT: There are also several cons to creating a niche site, including:

Limited audience: By focusing on a specific market or topic, niche sites may have a smaller overall audience than more general sites, which can limit their potential for growth.

Limited revenue potential: Depending on the niche, the revenue potential may be limited, especially if the niche is not a profitable one.

Dependence on a single source of traffic: Niche sites often rely heavily on search engine traffic, which can make them vulnerable to changes in algorithms or competition from other sites.

Time consuming: Creating and maintaining a niche site can take a lot of time and effort, especially if you need to create a lot of content to attract visitors.

Harder to diversify: Niche sites are often focused on a specific topic or product, which can make it harder to diversify and expand the site’s revenue streams.

More difficult to pivot: If the niche is not working out, it can be harder to pivot the niche site to a different niche as it’s already built its reputation and audience with a specific niche.

 Me: How much can niche sites earn?

ChatGPT: The earning potential of a niche site can vary greatly depending on several factors, such as the niche, the amount of traffic the site receives, and the monetization methods used.

A niche site with a significant amount of traffic and a profitable niche can potentially earn thousands of dollars per month through advertising, affiliate marketing, and sponsored content. However, it’s important to note that earning a significant income from a niche site typically takes a lot of work and time to establish and grow the site, and it’s not a guaranteed outcome.

On the other hand, a niche site with low traffic or in a less profitable niche may earn very little or even nothing. It’s important to research and evaluates the potential earning potential of a niche before investing time and resources in creating a site for it.

It’s worth noting that these figures are not typical, and a lot of hard work and dedication is needed to achieve such earnings from niche sites.

 Me: Are niche sites a waste of time?

ChatGPT: Niche sites can be a valuable opportunity for those who are willing to put in the time and effort to create and grow them. However, it’s important to understand that creating a niche site is not a guaranteed way to make money, and it can take a lot of time and effort to see results.

That being said, niche sites can be a waste of time if they are not approached in the right way. Choosing a niche that is not profitable or not having a clear plan for monetization and growth can lead to a site that does not generate any revenue. Additionally, not investing enough time and effort into creating high-quality content and promoting the site can also lead to a lack of success.

In summary, niche sites can be a valuable opportunity for those who are willing to put in the time and effort to create and grow them. However, it’s important to choose a profitable niche, have a clear plan for monetization and growth, and invest time and effort into creating high-quality content and promoting the site.

 Me: Is there anything missing about niche sites? They seem like a good opportunity. What are the worst things about niche sites, especially things that might not be obvious?

ChatGPT: There are a few things that may not be immediately obvious when considering creating a niche site, including:

Constant maintenance: A niche site requires regular maintenance and updating in order to remain relevant and attract visitors. This can include creating new content, promoting the site, and optimizing it for search engines.

Risk of algorithm changes: Niche sites often rely heavily on search engine traffic, which can make them vulnerable to changes in algorithms. These changes can result in a loss of traffic and revenue.

Risk of niche saturation: Some niches may become saturated with too many sites competing for the same audience. This can make it difficult for new sites to stand out and attract visitors.

Monetization can be difficult: Monetizing a niche site can be difficult, especially if the niche is not a profitable one or if the audience is not inclined to make purchases.

Constant evolution of technology: Some niches may become obsolete with new technologies or changes in consumer behavior. For example, a niche site about a certain type of software that is no longer used or a niche about a certain product that is no longer in demand.

Overall, niche sites can be a valuable opportunity, but it’s important to be aware of the potential challenges and be prepared to put in the time and effort to create and grow a successful site. It’s also important to do thorough research on the niche and the target audience before starting a niche site.

____________

It’s been cool playing with ChatGPT and I largely agree with the pros and cons that are listed. I could have asked a few followup questions, but this email is already getting pretty long! 

So if you think niche sites are a good fit for you, I encourage you to check out my flagship course, Multi Profit Site.

The post What does ChatGPT think of niche websites? first appeared on cmgdigitalproperty.com.

Chat GPT is a valuable tool for those that write articles for their websites, it is a great starting point. and gives us a great glimpse into the future.

In this article we share 8 common sense ways Chat GPT can help business owners and entrepreneurs in 2023. CHATGPT2023

However the hype going on around ChatGPT is unlike anything I have ever seen. People are making outrageous claim about the amount of money they are making with this technology, and I know at least at this point in time any entrepreneur who is claiming they are making $10,000 a month at this point is not telling the truth. They share alot of off the wall ideas for making money with Chat CPT, but at this point April of 2023, when I look behind the curtain, there is no documented track record of consistent cashflow from anyone I have seen. Every entreprenurial niche is jumping on the bandwagon. Quite frankly many people are losing a lot of credibility with me. As I have always tried to communicate, DO IT, THEM TALK ABOUT IT!

Common sense is not very common at this point in history. I am fan of ChatGPT but unfortunately this and other AI and Social Media platforms will continue to extract common sense brain cells from those that don’t have too many left. Never buy the hype, and always look behind the curtain.

Original Article from my favorit online
business newsletter The Hustle

What happened with HustleGPT

HustleGPT — no relation — seems to be a modern-day Icarus tale of a viral sensation, backlash, and internet drama.

On March 15, designer and self-described “AI soothsayer” Jackson Greathouse Fall announced an experiment. He’d told GPT-4, the follow-up to ChatGPT, that it was now HustleGPT, an “entrepreneurial AI.”

HustleGPT was asked to turn $100 into a profitable business — nothing illegal, no manual labor. Fall promised to update daily for 30 days

.On Day One…… HustleGPT suggested an affiliate marketing site for sustainable products. Per Fall’s request, his AI business partner also:Provided prompts for a DALL-E-2-generated logoDesigned a websiteCreated a blog post featuring real products and a Midjourney imageInstructed.

Fall to spend $40 on digital ads, in addition to the $8.16 spent on the site’s domain and $29 for hosting Later…… it suggested hiring a content writer who’d use ChatGPT to generate posts, and developing a SaaS product “targeting a niche market with a recurring subscription model.”

After four days, Fall claimed investors had plopped down ~$7.8k in investments, per Mashable —something that probably wouldn’t have happened without the Twitter hype.

By March 22, Fall said the site had made $130 in revenue. The fall of Fall Fall shot to viral fame, but real life got in the way. Updates slowed, and on April 12, he tweeted that HustleGPT would take a back seat to his other work and encouraged fans to join a Discord server for updates.

Many followers got angry and accused him of grifting. The website remains unfinished, with just that first blog post and “lorem ipsum” placeholders. The beef Dave Craige, a consultant, claimed he’d approached Fall about a HustleGPT Discord — from which he soon banned Fall for allegedly trying to disrupt the community and trying to undermine Craige’s reputation.

Now, there are two Discords: Craige’s “official” HustleGPT with ~5.2k members, and Fall’s Makeshift with ~3.5k, all hoping to produce the next hit AI-led startup.

What we’ve learned here: People are excited about AIBut AI ideas often require human execution. Going viral seems terrible, actually Even the bots cannot save humans from their drama

The post The problem with HustlerGPT … NO COMMON SENSE first appeared on cmgdigitalproperty.com.

I have started my own nutritional supplement line on 3 differen occasions over the past forty years,
at this point my only thought is NEVER AGAIN! But I don have people ask me about this quite often.
Below is a promotional message from Rock Tomic. In no way should this be perceieved as and endorsement.

Just today, I had someone contact me and wanted to hire me to consult with them on how to start a vitamin business. They had inherited some money, they understand my consulting fee is $500 an hour, with a 3 hour minimum and they were ready to send me the money via paypal & for me to help them outline a game plane to start their own supplement business.

My question was why me? They said they had followed me for years, they new I had experience in the vitamin business and they trusted me. I just said friend, I am not the person you should be hiring and tried to encourage them to look at other busnesess they could persue. They would have none of it, and got upset with me because I would no accept them as a consulting client.

So the next time I get a call like this, I will just direct them to this article. The older I get the less patience I have and the more it appears that I have the same conversations over and over with different people.

Rock Tomic is one of hundreds of companies that willl work with individuals to create thier own supplent brand. Needless to say, the competition has increased drastically over the last several years because the number of Amazon sellers and Shopify Store owners who want to make money with their own supplement brand has drastically increased.

For the record, I believe their are better side gigs to start, but some people cannot learn from the mistakes of others, they have to make them for themselves, so knock yourself out!

PROMOTION FROM ROCK TOMIC

Imagine starting your own supplement brand with none of the massive up-front costs…

With Rocktomic you can create your own white label Supplement brand for under $200.

Choose from 100+ premium Supplements to brand as your own from iso protein, reds and greens blends, weight loss, immune support, and much more!

Why are we offering this for such little investment?

We make all our money off of scale.

As we help you scale to 10K, 20K, 50K units sold per month we start to win.

As an example you’d sell our weight loss white label Supplement for $50. You’d collect the money first and then we’d bill you $8.47 and you’d keep the difference as your profit.

And the best part is there’s no minimum purchase orders!

We’re a US based GMP Certified White Label/Custom Manufacturer with over 12 years experience.

Gone are the days of:

Paying for inventory up front

Warehousing your products

Worrying about fulfillment/logistics

With Rocktomic you’ll get access to:

100+ White Label Products

Worldwide Drop Shipping

Done For You Logo/Label Design

Done For You Web Design

Insider Sales Strategies Our Top Clients Use

No Minimums Required On Our Products

FDA Registered – GMP Certified

COA Provided on All Products

If you’d like a copy of our White Label Supplement catalog just comment CATALOG on this post.

Visit www.rocktomic.com for more details!

The post CREATE YOUR OWN NUTRITIONAL SUPPLEMENT BRAND. first appeared on cmgdigitalproperty.com.

The hottest trend of the week is “pool pawties”.

You read correctly, pool parties for dogs is now a thing.

It’s no joke; Pinterest searches for “DIY dog pool” are up 85%, “DIY dog areas in backyard” up 490%, and “dog party favors” up 135%.

Those of you selling in the pet care niche, you know what to do—floating dog beds.

SOME OF THE HOTTEST TRENDING DOG POOL PRODUCTS

DOG PARTY TOYS

The post Pool Pawties are the Biggest Trend first appeared on cmgdigitalproperty.com.

The market has exploded, with niche creators leading the way.

From the Hustle

Really hoping everyone reading this understands that reference.

It’s an exciting time for board games. Over 3k new ones debut annually, per online forum BoardGameGeek, with the global market estimated between $11B and $13.4B, according to The Washington Post.

The space has seen a boom in recent years. Even before the pandemic, interest in venues like board game cafes was rising. And through it, sales jumped as people looked for ways to connect at home, per WSJ.

• While the old classics still sell, smaller game-makers are having a moment, often leveraging TikTok to market their creations.
• Wingspan, a gorgeous game about bird-watching, was a bestseller on Amazon in 2022.

BTW: Exploding Kittens was originally a Kickstarter project with the goal of raising $10k to make 400 copies. The team ended up crowdfunding $9m, and they’ve since sold 20m+ sets.

Maybe a website with the most popular games would be worth building out?

Maybe you can find a website to buy that features board games?

The post If you are a re-seller bordgames are hot – If you are a creator – now is the time to develop your board game! first appeared on cmgdigitalproperty.com.

What is the Employee Retention Credit (ERC)?

ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.

Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

The Employee Retention Credit (ERC) is a payroll tax refund from the United States Treasury Department applicable to businesses who kept employees on payroll during the pandemic.

Bottom Line Concepts has announced that it offers simplified services for the Employee Retention Credit Program (ERC).ERC is a stimulus program designed to help businesses retain employees during the Covid-19 pandemic. It is a refundable tax credit, not a loan that companies can claim.

ERC Qualifications

Bottom Line Concepts has announced that it will offer simplified services for the Employee Retention Credit Program (ERC). The ERC is a stimulus program designed to help businesses retain employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit, a grant, not a loan – that companies can claim.

While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company.

 FULL OR PARTIAL SUSPENSION OF BUSINESS SERVICES

A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel, or restrictions of group meetings.

 GROSS RECEIPTS REDUCTION

Gross receipt reduction criteria are different for 2020 and 2021 but are measured against the current quarter as compared to 2019 pre-COVID amounts.

The bottom line is you were in business during the covid-19 outbreak, and you had W2 employees, then chances are you qualify. The best way to learn for sure is to schedule a 5-7 minute discovery call with a Bottom Line ERC Specialist and they can answer your questions and let you know if you do qualify. Most of the business owners that think they don’t qualify, actually do. My suggestion is that you click here and schedule your call before you even finish this article.

HAVE YOU BEEN TOLD YOU DON’T QUALIFY FOR ERC MONEY?

That is probably not true. Bottom Line reports that up to 50% of the business owners they are recovering ERC Money for in 2023 where originally told they wer not eligible by a CPA, Attorney, or trust and well meaning advisor.

The truth is the program has gone through seven major innovations since it was released two years ago, and unless you are doing ERC claim daily, which Bottom Line Concepts does, it is difficult to keep up with the complex filing requirements and eligibility provisions.

Bottom Line Concepts has announced that it has received notice of approval from the IRS for the Employer Recovery Credit (ERC). This new credit, made available through the Consolidated Appropriations Act, will allow businesses to claim a credit against their payroll tax liability for up to 25% of qualified wages paid to employees. Bottom Line Concepts was one of the first companies in the country to receive this approval and they have been helping companies utilizing the ERC to offset costs associated with the Payroll Protection Program (PPP).

Bottom Line Concepts is the number one ERC recovery firm in the USA. To date they have helped over 13,000 business owners recover nearly 3 BILLION DOLLARS in recovered ERC funds. The buzz has started and along with that there are many fly by night ERC collection companies popping up daily , so be very careful about who you partner with. 400 of the Top 1000 firms in the USA are bottom line clients.

The ERC is available to businesses and non-profits and refunds employees’ past salaries and health care costs during 2020 and 2021. Employees get up to $26,000 per employee with Bottom Line Concepts.

For 13 years now, Bottom Line Concepts has served businesses and non-profits by helping them through the complex but necessary filings for various recovery of funds projects. Since pivoting to ERC, The Employee Retention Credit Program they have completed over 13 000 submissions with an estimated total value of nearly 3 billion dollars in retention credits granted, this company knows what it takes not just to fill out paperwork but keep people employed. In these trying times when every business needs all the help they can get retaining staff, knowing that the consultant is skilled in HR management and taking advantage of government benefits can be a relief.

The Earned Income Credit (ERC) has been available to taxpayers since 1975, but many business owners are unsure how to take advantage of the credit. Bottom Line Concepts is here to help with their new line of services that will guide business owners through every step of claiming the ERC. With experts dedicated to this cause, Bottom Line Concepts wants business owners to maximize their claims and receive the money they deserve.

The Bottom Line employee retention credit program begins on March 13, 2020, and ends on April 15, 2025. Employers can apply for refunds after December 31 of 2021, 2022, and 2023. Bottom Line has clients who have received refunds from $50,000 to $6 million.

The ERC can be used for any past or present employees that have been with the company for more than three months. The steps to receive this credit are simple and can be completed in as little as four weeks.

Small businesses have many options when it comes time to find funding – but one option that often goes overlooked is government grants.

For more information about the Bottom Line program, please click here.

The post Bottom Line Concepts Simplifies ERC (Employee Retention Program Credits) for Small Business Owners in 2023 first appeared on cmgdigitalproperty.com.

Since covid, people are learning to get comfortable, cozy, and entertain themselves at home.

It’s deeper than no-shave and sweatpants… 

See the incline on this R/Cozy chart? 300k folks want to be catered to.

$60 back and neck massager: Y-y-you g-g-gotta see this.

Other swank concepts like curvy furniture and “flexercise” are detailed inside the Trends report.  We’re the premium research extension of The Hustle. Access rolling market signals and the unrivaled community of experts.  If you are looking for a good niche to build a website around, this may be the one.

The post Capitalizing on the Cozy Loafin Lifestyle Trend first appeared on cmgdigitalproperty.com.