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To make that sort of money, you always go for a B2B market, pref targeting small business. Forget social sites, consumer apps, etc. When your product makes more
by superasn 13y ago
To make that sort of money, you always go for a B2B market, pref targeting small business. Forget social sites, consumer apps, etc. When your product makes more money for the customer that what s/he is investing, your conversions are faster.
Unfortunately, even with a shortcut you have to take at least a 2 to 3 year perspective. So think about what a small business can use. Like a software for eBayer sellers, or some really useful site insight tool that increases website conversions, or maybe some cost cutting tool for traders, etc. Something which actually makes or saves money for the customer.
In my experience i have seen the more specific niche you go after the better. Like if you are making a tool (or even say a theme template as in your example) for eBay sellers, it is better to go after sellers in eBay motors than targeting everyone in the market.
Also if you are in to make money, then instead of honing your programming skills you will have to teach yourself marketing, specially the part of getting traffic to your site and networking with people in your niche (they are the ones that make your launch day a million dollar payday).
You will have to write tonnes of content and create a lot of buzz about it everyday. You will have to create an email list of interested prospects right from the get go and mail them regularly with good quality practical stuff for which they have subscribed. Creating the product is always the simple part; marketing it successfully over and over is what creates the difference between $1 mil in sales or $1000 in sales.
You can probably spend one day / week adding features, but the rest of the week you will hang around forums (dedicated to your niche) to help people while building your reputation as an expert in that field, write blog posts, make guest posts on sites related to your niche, follow the market leaders on twitter and hopefully make them your affiliates.
As you do this you will start getting more and more traffic to your site every day (it happens slowly and steadily). The blog posts and guess post also help you in Google. It may be sounding very simplistic (or maybe even confusing) but this is definitely one of the ways to making a million dollars.