start a small business in the UK

8 Tests To Your Perfect Niche

8 Tests To Your Perfect Niche

Hello again,

 

Did you miss me? I missed you, that’s why I’m back in touch!

 

I left you hanging a bit last time, niche finding – remember?

 

As I said, yes, by all means, build your business around something you are passionate about, there’s a big advantage in building a business around your passion.

You already have a built in motivation to get up and at ‘em in the morning, because you love your subject matter.

perfect niche

Which is great, as I pointed out before, but how do you know if your passion is in a niche that has a demand ( we call it ‘a hungry crowd’)?

 

Well, here’s 8 tests you can do to research if your niche has sufficient demand to build a successful business.

 

1 – Is there enough other people as passionate about your subject (aka niche) as you are?

This is fairly easy to do, go to your favourite search engine and enter a few words and phrases (one at a time, obviously – lol), then filter using time and select ‘past year’ have a look at the search results and make a note of the number of search results come back for those words and phrases. You want millions of return search result volumes.

 

2 – Is there competition for your niche?

There’s a number of free keyword research tools that can tell you how much competition there is in a niche over a period of time.  Remember competition is good! You don’t want to have ‘High volumes of competition but any niche with medium competition means you have a good chance of making a viable business.

 

3 – Go deep!

Eh? WTF are you on about now? Go deep means to go more specialised in your niche, if you’re into video games, maybe go and research just PS4 games and products as a niche. If you like fishing, think about researching just sea fishing, fly fishing, I think you get the idea.

 

4 – Who’s talking about it?

You can check out forum search lists for the volumes and age of topics around your niche, the higher and more current the better.

 

5 – How many problems are there in your chosen niche and can you find better, unusual, new ways to help solve them?

8 steps to your perfect niche

6 – Can you make your own product (eventually) or will you only ever be able to sell other people’s products?

This is much more the case with physical products, but if you find a niche that has digital product opportunities, then there’s absolutely no reason why you can’t create and promote your own.

 

7 – Are you passionate about this niche (or sub-niche – remember going deep)?

It’s not enough to be interested in a niche if you want to be able to run a successful business in that niche, you have to be committed.

start a small business in the UK

8 – If you don’t know where to start – just start.

Take your passion, create a blog page, join forums, post and tweet about your subject, see what interaction there is, what kind of videos are available. Just this action alone will start to make you think more creatively about your possible profitable niche.

 

I hope you’ve found this of interest and that you’ll go forward in your search for a successful online business.

You can start here at Passive School.

content marketing online business UK

The Surprising Power of Monotasking

These days, technology is an essential part of any kind of work. Whether you work in an office, out in the field, or have your own online business startup, you would likely use a computer, tablet, or phone.

That isn’t to say technology is a bad thing. These modern tools are indeed helpful, but there is an unintended consequence – multitasking. We have developed this tendency to switch from doing one thing to another thing on a whim.

Multitasking tricks you into thinking you’re more productive.

In reality, it’s all in your mind. It’s an illusion. What really happens is this: switching from one task to another and back, over and over again. It does not accelerate your workflow, and neither does it give you more time.



If anything, multitasking is effective in stressing you out. You’re working on something, and suddenly your brain is flooded with distracting thoughts about your other small business ideas. You then switch to another task, but the thought of the other task being incomplete still bothers you. You’d then switch back to the previous task, and so on. It then becomes a vicious cycle of mental stress.

online business startup

It makes you accomplish less.

Yes, it does make you feel you are doing more because you take on more tasks at once. But at the end of the day, many of those tasks remain unfinished. More so because of the mental stress. Therefore, you weren’t really productive. You just started off a lot of tasks without completing them. Your small business ideas just went to waste.



small business ideas

Instead, try monotasking.

The human brain is designed to focus on one task at a time. Because of that, we all perform best when we do exactly that. When your mind is putting all its attention on completing just one thing, there is less stress. There are fewer distracting thoughts. Your mind, being more relaxed and determined, will allow you to complete the task faster than when you multitask.

Try it yourself; you’ll end up ticking off more items from your daily to-do list this way.

UK online business ideas day job

If you are interested in creating an online business startup but have no clue where to start, you should download my FREE EBOOK below to get a list of small business ideas that you can later try out.

how to find your niche

How to find your niche that will keep you motivated?

How to find your niche that will keep you motivated?

In the good old days, actually not that long ago, but even a year’s a long time in the online world you know.

 

Anyway, the gooroos used to recommend that you should build your business, whether that’s online or a traditional brick-and-mortar business, around your passion. ‘Follow your passion’ they’d say..

how to find your niche

Which is great, if you have a passion for public speaking, or sales and marketing, or social media, or online gaming – all these ‘passions’ have a massive following – millions of people are interested in these subjects and if you have a great passion for them, you can find a niche within a niche for yourself.

If you’d like to skip reading and want to know how you can start, click here.  But if I were you, try to read along. 🙂 

But what if you like something more quirky, maybe ‘trainspotting’ for example.

law of compounding

Now I am not for one minute knocking people who have a passion for the subject.

However, if you were thinking of starting a business with transporting as a niche, you would very likely go broke and lose a lot of time, energy and motivation.


You might be passionate to drive forward with your transporting business, but there is such a small market of interested people that it’s impossible to sell to them and create a sustainable long lasting business, even online.

 

So, I suggest you can follow your passion when researching your niche business, but make sure you do the right research before you decide to embark on that niche.

how to find your niche

There are a few simple steps you can do to complete the research needed to see whether the niche has longevity.

 

Check my next article for that piece of information.

 

If you would like some coaching to get you started, I have partnered with a very successful online entrepreneur to provide an entry-level coaching course, you can take a look here

 

Always Make Time For Your Small Business Ideas

If the first step to starting your own business is a great idea, the next steps involve discipline and consistency. An idea stays that way unless there’s execution. As Casey Neistat and Gary Vaynerchuk have said, ideas are easy but execution is the hard part. Your small business ideas will not become reality if you don’t intentionally dedicate time to it.

Consistency is key.

An online business startup does not become a blockbuster hit overnight. Much like a plant, you need to water it every day to make it grow. If you stop watering it, the plant dies out.

Certainly, your goal is to make your business grow. In order to achieve that, you have to put in the work every single day, no matter how you feel about it. Do the work anyway, and later on, small victories will reward you.

online business startup

Find a good time every day.

For most people, this would be after office hours, which is 5pm onwards. Set a definite time period each day, for example 6-9pm. You can put in more or fewer hours; it’s up to your level of determination. If you want to do it right after you exit your day job each day, that’s good too. What’s important is to find a time when you are most productive outside of your day job.

first step to starting your own business



Focus that time solely for executing on your small business ideas.

With so much content competing for our attention, it’s so easy to get distracted. During your set time, drown out all that noise. Put your phone on “do not disturb” for a few hours. Focus on what you have planned to do for the day. Take those small business ideas you have on paper, and make them happen. After your designated time, you can always reward yourself with your favourite distractions.

small business ideas

If you are interested in creating an online business startup but have no clue where to start, you should download my FREE EBOOK below to get a list of small business ideas that you can later try out.

small business ideas

Small Business Ideas: You need a coach or a mentor

Small Business Ideas: You need a coach or a mentor

Hey everybody – having a great day?

 

Now, there’s an old saying I drag out from time to time and it’s this…

 

‘Those that can – DO, those that can’t TEACH, those that INSPIRE you – mentor!

 

The easiest way to describe a mentor is someone who you admire, inspires you would be a role model for you. It’s possible to have several mentors and have never met any one of them. HINT: if you do have mentors (who are alive) you should think about including a goal of actually meeting them.

small business ideas

I have several mentors, some are people I have worked with, some are friends and some I’ve not met yet. Each one brings different qualities to my life and inspire me and encourage me in different ways. They also provide wisdom and experience.

 

I’ve also been told that I inspire other people too, in different ways and at different levels of course, but mentor nonetheless.

 

Does that make me a great person – hell NO! No one’s perfect, but that shouldn’t stop you trying.

 

EVERY successful person has mentors, every successful person has a coach – some even several.

you need a coach or a mentor

 

So people say to me – ‘a coach is just a teacher anyway, so by your rule a teacher can’t do what he teaches, so neither can a coach’ My response to that is..

 

A teacher passes on the facts and knowledge of his subject matter that he/she has studied for and learned, not by doing or having done the subject that they teach.

Now that’s obvious in subjects such as history (it’s very unlikely a history teacher will have ‘done’ anything indirect relation to the subject). But, some subjects do lend themselves to teachers with experience who have done what they are now teaching. These teachers are almost certainly going to be coaches even though they are  categorised as teachers in the education system.



 

You can spot the difference; a teacher focuses on him/herself – it’s about delivering the subject matter and the student must learn it. A coach focuses on the success of the student; the coach will lead through experience, setting tasks, leading by example, learning by doing.

 

I do coach from time to time, I never teach. I also have coaches depending on what skills I need to improve on. As like a mentor, these can be real physical relationships or through virtual contact, through online courses or video calls.

 

If you two want to be successful you should look at the skills you want to improve on and decide which one(s) to work on first, then get a coach who can help.

 

If you’re looking to start your first online business and want to do it on a budget, I’ve partnered with a very successful online entrepreneur, follow the link here ( http://bit.ly/mbtcoach ) and take a look.

 

Until next time.



first step to starting your own business

A Simple Trick to Avoid Being Overwhelmed by Your Big Goals

Goal setting is one very valuable first step to starting your own business. It gives you an idea what you want to achieve, as well as when you want to achieve them. Goals are what drive the growth of your online business startup, and they are what keep you going despite the hurdles.

At first, setting goals is a really exciting prospect, so you would tend to go for big, long-term goals immediately. For example, earn £100,000 per month after a year. While it has the answers to “what” and “when”, the goal just seems to lofty. As of the moment, it sounds unreachable.

What should you do?

online business startup

Break down your big goals into smaller ones.

That keeps yourself on track with your small business ideas. Big goals tend to overwhelm you, but smaller, easily-achievable ones offer a sigh of relief. To use a food analogy, bite-sized cuts of steak are much easier to eat than one big T-bone.

To use the “£100,000 per month after a year” example, you may set a smaller goal for the first month, like “have two new signups per day to my newsletter”. These leads may turn into sales, which in turn would bring profits. The next month, you could adjust this into a bigger number, and a much bigger number two months after, and so on.

small business ideas

Make goals that you can attain daily.

Notice that the small goal above includes the words “per day”. With that, you can turn it into a regular part of your daily to-do list. At the end of the day, you can check it off along with the other tasks you have done. Doing this is a neat psychological trick that makes you feel more productive. Also, daily goals are not burdensome. Rather, they are very achievable, and so they won’t cause you much stress.



Watch as you get closer to hitting your big goals.

If you are consistent in meeting the small, daily goals, the law of compounding takes over. Next thing you know, your online business startup is already hitting £100,000 per month. The best part about this is you won’t even notice. Why? You are too focused on achieving your small daily goals. An added effect is you tend to forget about the stress brought about by the big, lofty goal.

first step to starting your own business

 

If you are interested in creating an online business startup but have no clue where to start, you should download my FREE EBOOK below to get a list of small business ideas that you can later try out.

careers that will stay

8 occupations that will be still be here in 20 years

8 occupations that will still be here in 20 years

Hey, don’t despair, I probably made a few of you cry in to your beer (or wine) the last time we talked about the future occupations – or rather those that won’t be around much longer.

So I thought I’d (try) and inspire you with 8 careers that will be around for along time…

careers that will stay

Jobs button on keyboard

#1 – Lawyers, who’d have guessed it, even with the progress of machine learning, until such time as the justice system decides humans can’t be relied upon to judge their peers. We will still need lawyers to argue the case in a court of law in front of human judges and twelve good wo(men).



#2 – Specialist physicians and surgeons, it’s a long way off before humankind will hand over physical intrusive operations on humans me thinks.

#3 – Registered nurses – yep, again AI is a long way off being able to have a good bedside manner (then again – have you met my doctor?), no robots won’t be watching over you – just yet.

8 occupations that will stay

#4 – Systems / App developers – almost any IT related careers will be safe for a few decades yet.

#5 – Creative careers – almost anything ‘arty’ will be a great career in the future, thespians and painters, performers will always be needed to entertain. Let’s face it who want to watch movies with CGI and AI generated characters and scenes… oh hold on erm……

#6 – Dentists – I don’t know about you, but I’m not ready to let a machine loose on my teeth and gums thank you very much.



#7 – Marketeers – yippee, we’re safe (for now) as people’s tastes and interests change there’ll be demand for more and more information or products that match those trends, we’re here for the long haul people.

8 occupations

#8 – Hackers – I don’t mean those blackhat / dark web characters, no there’s already a growing demand for ethical hackers in the modern world. This won’t go away any day soon – count on it.

There you are, so you can sleep soundly at night knowing at least there’s still a need for some people to work. But you should seriously consider how you can future proof yourself, your financial independence and security in the future. Don’t rely on this job or any future job, create multiple income streams.

If you’re serious about starting an online business and want an entry-level coaching course, I’ve partnered with one of the most successful internet millionaires there is, go here and take a look here.

Catch you later….

8 occupations that won’t exist by 2030

8 occupations that won’t exist by 2030

8 occupations that won’t exist by 2030? 8 jobs gone in 2030? What is this all about, Pete?

Hope you are doing well and all is rosy in your garden?

8 jobs gone in 2030

Well here’s a sobering thought, as the kids break up for the summer and get ready to return to school to study hard for that great career they are hoping to have, just take a look at the list of careers that technology (robots, AI, machine learning) will be replacing within the next 12 years.



 

I make no excuses or apologies for sharing this list and it’s NOT the only careers that will disappear from the face of the earth.

 

Don’t get me wrong, of course an education is important – if nothing else it gives direction and some level of discipline and focus (and a break from the online gaming community).

8 occupations that won’t exist by 2030

I’m all for learning, for me everyday is (still) a school day,  but you must always have a plan B.

 

So if you’re career is on the line – oops sorry, I mean list, you need a Plan B and that plan B should include your own income stream(s) that are not reliant on someone else paying for your time.

 

That said – here’s the list:

 

  1. Travel Agents – I don’t remember the last time I needed a travel agent to book my travel arrangements.
  2. Cashiers (or cash for that matter) – get used to it; “unexpected item in bagging area” is here to stay, at least for the foreseeable.
  3. Librarians – assuming people still want to lug the printed word (and those lovely pictures) around in a thick paper, or leather, bound cover, machines will be far more efficient at cataloguing and returning them to their shelves. Just a thought, not sure I’d want a late return RoboCop type librarian chasing me down for the fine, would you?
  4. Post Men (and Women) or is it Post Person now? Either way, the drones are coming, no longer the whistle or hum of an out of tune human, just the drone of the drone (see what I did there?)
  5. Sporting Officials, goal line technology, VAR, 365 degree video surveillance, who needs humans to make the wrong decision on a penalty or give the card to the wrong player? I do wonder though if a machine will spot the subtleties of a Neymar ‘simulation’.
  6. Sewing Machinist – no more snagged stitching on your $500 suit.
  7. Customer Service Agents – I’m sorry, get used to it, the good news is – no more ‘you are number 7 in the queue – please hold the line your call is important to us’ but; ‘enter 1 for sales, enter 2 for balance, enter 3 for ………. enter #99•47 for change of address…’
  8. Airline pilots, I don’t know about you – but that’s the scariest of them all.

 

There you have it, as I say, not an exhaustive list, but a few on there you may not have thought about.

occupations that won’t exist by 2030

Don’t have sleepless night, there’s new careers coming up everyday (if you really want one), until next time.



mind your own business

A Compelling Reason to Block Out Time For Your Tasks

Running an online business startup from home is great. No need for a stressful rush hour commute, and no need to rouse yourself out of bed too early. You can wake up anytime you want and feel more rested. You can also enjoy your breakfast a lot more, knowing that you aren’t in a rush.

But once you’re at your desk, you notice something. This something is what stresses you out at the beginning of your workday. Your whiteboard is full of “to-dos” just waiting to be ticked off.

start a small business in the UK

You are then overwhelmed with all the things to be done.

The consequences of being overwhelmed are staggering. For one, you don’t know where to begin. Which task should be done first? Which ones take first priority? Should the difficult tasks go first, or should the easy ones? And how about those new small business ideas you want to implement?

The entire thought process of figuring what to do first becomes too much of a burden on your brain. Before you know it, you’ve already wasted one hour just trying to determine what to work on first. If this happens every single day, you’re looking at five hours per week thrown out the window. Worse still, you may end up unconsciously procrastinating.



Thankfully, there is a very simple solution to this conundrum.

 

the 60-day challenge

Block out time for each task.

For example, you can dedicate one hour to answering emailssay from 9-10 AM. Then, from 10 AM to 12 noon, finish up the project that is due later in the afternoon. Give yourself an hour for lunch and a quick nap, then continue from 1 PM onwards.

Basically, it’s about estimating how many hours you would take to finish each task, then scheduling them accordingly. For more precision, you may also choose to schedule using 30-minute blocks. Put each task on appropriate time blocks on your whiteboard, then tick them off once done. A spreadsheet also works wonders, and is easier too.

Make sure to do it every workday.

 

online business startup

Watch your online business startup soar in productivity.

Giving each task a specific time frame somehow forces you to focus on just one task at a time. This is a lot better than multitasking, where you switch from one task to another in the hopes of “being more productive”. Truth is you’re being a lot less productive that way. It’s only an illusion. The human brain is designed to focus on only one task at a time.

By doing this, you will see yourself tick off more tasks from your to-do list at the end of each day. You’ll get more things done with less stress.


If you are interested in creating an online business startup but have no clue where to start, you should download my FREE EBOOK below to get a list of small business ideas that you can later try out.

shiny object syndrome cure

Shiny Object Syndrome? Here’s The SOS Cure

Shiny Object Syndrome? Here’s The SOS Cure

It’s Tuesday, nearly the weekend! Not really, but let’s say its Friday. Guess what, when you are financially free and independent from a job, everyday will be like a Friday…

sos cure

Anyway I digress,

Last time we chatted (well I chatted you read) I talked about Shiny Object Syndrome and the symptoms of it. I promised I’d help you fight the SOS ‘addiction’ so here it is….

 

DON’T BUY the SHINY OBJECT!

 

Ha ha, gotcha! Wait wait, that’s just me kidding around (well almost) as always with me there’s always a follow through / follow-up line.

 

DON’T BUY the SHINY OBJECT see if you can find it’s older brother / sister, it may even be free!

 

What the heck do you mean Peter? Some of you will be thinking (I don’t know what you others are thinking though).

 

Let me explain, so if you don’t recall the symptoms and stages of SOS go back to my previous newsletter and have a quick read, I can wait (well virtually in the cloud I can……)

 

Okay, back? Good.

 

This is what you do…. so the shiny object is called what? Let’s say it’s ‘Silver Bullet Widget SEO’ (You watch that’ll be a product on JVZoo in 90 days…)

 

By the way, if you want to be mentored on how to create and launch a product to market in 90 days – get in contact with me!

shiny object syndrome

Right, so you know it’s SEO right (duh – yea!)

 

Now go watch their sales video and read the sales page, if there’s a demo video of the product watch that too.

 

While you’re watching look for the features and big problem that the product is solving.

 

When you have your list you do the following…

 

Go and search for those features and problems online. So use the the features as part of the search term along with SEO, look for the problem, but in the form of a question.. ‘how can I <problem>’…

 

‘Why can’t I <problem>’, or, ‘best ways to stop / solve <problem>’ or ‘system to <problem> for SEO’

 

The results you’ll get back will likely include the product (it better do as the product is the silver bullet SEO !!! LOL ), but also in those search results will be some golden nuggets.

 

beyonce golden shiny object syndrome

Chances are you may well find a free older version of the one you were about to purchase, or just as likely a similar product that’s quite mature in it’s lifecycle but still available, potentially for less.

 

If you find yourself in this situation and you follow my ‘treatment’ let me know how you get on.

 

Until next time….