15 Commandments Of Creating A Wealth Pulling Niche

Niches are like bathrooms; you never notice them until you need one."
- Primm (From NicheBrain.com)

Fact: The person who finds or creates a special niche gets the cream of our society's financial rewards. Whether you're Bill Gates or Joe Average.

The niche, and the person who creates them, is the main factor that separates one product from 12 others.

To out-niche your competitors you must focus on these "15 commandments" of niche creation at all times. Observe the ones you can apply to your business, product, or service - and watch your profits soar.

15 Principles of Creating A Niche (In alphabetical order)

1. The Principle of "Adaptation" - The easiest way to create a new idea is to do what others in another business or industry are doing. Next, see if you can adapt it to your own business, product, or service.

2. The Principle of "Addition" - Can you add something extra to your product or service that your competition doesn't have or isn't doing?

3. The Principle of "Combination" - "What positive elements can you combine from another product or service to make yours better?" A candy bar did it with simple peanut butter and chocolate, and made a successful new product. So can you!

4. The Principle of "Customization" - Can you find little ways to personalize a part of your product or service for your customers? People love the personal touch - that means so much. Can you make your product or service more personal and less cookie-cutter?

5. The Principle of "Easier" - Can you find more ways to make your product or service easier to buy, use, own, recommend to others, or attract repeat customers?

6. The Principle of "Elimination" - What negative or inconvenience can you eliminate for your customer with your product or service? Today people not only pay extra for more, they'll pay extra for less. Less irritations, less waiting, less inconveniences, less risk, less pain, etc.

7. The Principle of "Enlargement" - Do people like your service or product? Then it's a sure-fire bet there is a segment of your market that would like even more of it. Can you super-size something?

8. The Principle of "Entertainment" - From cradle to grave, we all have this inner urge to be entertained, amused, or fascinated - especially before we spend our money. A relaxed customer spends more. Find little ways to amuse your customers before, while, and after they buy your product or service.

9. The Principle of "Longevity" - It's making some feature of your product or service last longer. It can also include making a positive experience or feeling last longer.

10. The Principle of "Portability" - People hate to be tied down. Can people use your product or service in more than one place? Or can you find a way to take your product or service to your customer instead of them having to come to you?

11. The Principle of "Reduction" - If you sell a product or service, is there any way to reduce a certain feature to make it more convenient? More portable? Easier to store or carry? Or easier to use? Can you reduce it and make it more affordable?

12. The Principle of "Reversal" - Look at what features or services your competition is offering or not offering and reverse them. If they close on weekends, can you be open? If they cater to seniors, target more young people. Or if they cater to high-end customers, target more low-end volume customers, etc.

13. The Principle of "Safety" - Show others how your product or service can add safety or reduce risk. People hate to experience loss, feel insecure, or waste money. Try to think of little ways you can help people avoid the above with your product or service.

14. The Principle of "Speed" - Today more than ever people hate to wait. You should always be thinking, "What could I do faster than my competitors - without losing quality?" Can you fill your orders faster? Can you give faster service? Can your product get faster results? Can you resolve customer issues faster? Can you ship your orders faster? Think speed!

15. The Principle of "Yucky" - A billionaire once said the secret to success is to be willing to do what most people don't like to do. So find out what people don't like to do, find irritating or disgusting, and charge them to do it. If you have a business, find out what your competition doesn't like to do for their customers and you start doing it. You could literally steal customers from your competition overnight.

Try it.

By following the above suggestions, you'll be able to create powerful money-making niches. And leave your competition in the dust.

About The Author

Roy Primm (The NicheMan) has written hundreds of articles on how to create a money-making niche. Get the edge on your competition this year by reading his free report "14 Ways To Create a Niche and Grow Rich" at NicheBrain.com

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Google News Updated : Wed, 08 Oct 2008 02:50:04 GMT Fed's new tool: Business loan bailout - CNNMoney.com Christian Science Monitor Fed's new tool: Business loan bailout CNNMoney.com - 1 hour ago By Chris Isidore, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- The Federal Reserve announced a new program to help the battered market for short-term business loans - taking its closest step yet to lending directly to businesses. Fed's Credit Tactic Has Small Effect Forbes Fed, in emergency move, will lend to companies The Associated Press Bloomberg - MarketWatch - BusinessWeek - The Miami Herald all 1,833 news articles Publ.Date : Wed, 08 Oct 2008 01:33:46 GMT Obama, McCain stretch facts in debate - The Associated Press Voice of America Obama, McCain stretch facts in debate The Associated Press - 48 minutes ago WASHINGTON (AP) - Democrat Barack Obama and Republican John McCain stretched facts, sometimes past the breaking point, as they addressed the financial crisis and more during their second presidential debate. McCain, Obama Laud Buffett When Asked About Treasury Candidates Bloomberg Obama-McCain debate Question 2: How will Kansas City Star MSNBC - USA Today - Detroit Free Press - New York Times Blogs all 344 news articles Publ.Date : Wed, 08 Oct 2008 02:01:16 GMT World markets mixed amid ongoing bank jitters - Forbes AFP World markets mixed amid ongoing bank jitters Forbes - 4 hours ago By PAN PYLAS 10.07.08, 5:55 PM ET World stock markets were mixed on Tuesday as banking stocks on both sides of the Atlantic took another pounding despite the US Federal Reserve's announcement that it will buy huge amounts of short-term debt in an ... TOPWRAP 15-Fed steps in but US stocks dive; UK to rescue banks guardian.co.uk Patrice Hill THE WASHINGTON TIMES Washington Times New York Times - AFP - Wall Street Journal - MarketWatch all 624 news articles Publ.Date : Tue, 07 Oct 2008 22:03:58 GMT Bloomberg’s Gift to the People: Moi - New York Times Telegraph.co.uk Bloomberg’s Gift to the People: Moi New York Times - 1 hour ago By CLYDE HABERMAN An e-mail pen pal of mine in Alaska (no, not her, someone else) wrote the other day mentioning Marshal Philippe Pétain. UPDATE 1-NYC lawmakers to weigh bill raising term limits Reuters Bill to end term limits introduced in City Council New York Daily News The Associated Press - People's Daily Online - NY1 - WNYC all 434 news articles Publ.Date : Wed, 08 Oct 2008 01:08:24 GMT Obama And McCain On Small Business - CBS News CBS News Obama And McCain On Small Business CBS News - 3 hours ago The fifth installment of the series examines where each candidate stands on helping small businesses. Supported the government bailout aimed at easing the credit crunch. Obama-McCain debate Question 5: What sacrifices Kansas City Star Ad Wars: McCain Dishonorable and Obama Untrustworthy Huffington Post Atlantic Online - UM Maneater - Politico - The Plank on TNR.com all 441 news articles Publ.Date : Tue, 07 Oct 2008 23:28:47 GMT Judge Orders 17 Guantánamo Detainees Freed - New York Times ABC News Judge Orders 17 Guantánamo Detainees Freed New York Times - 1 hour ago By WILLIAM GLABERSON WASHINGTON - A federal judge on Tuesday ordered the Bush administration to release 17 detainees at Guantánamo by the end of the week, the first such ruling in nearly seven years of legal disputes over the administration’s detention ... White House "Deeply Concerned" With Guantanamo Ruling Voice of America US judge orders Guantanamo Uighurs freed AFP Bloomberg - Financial Times - ABC News - Aljazeera.net all 692 news articles Publ.Date : Wed, 08 Oct 2008 01:49:29 GMT Ayers and Obama later worked on Chicago charitable boards together - CNN BBC News Ayers and Obama later worked on Chicago charitable boards together CNN - 1 hour ago By Drew Griffin and Kathleen Johnston CHICAGO, Illinois (CNN) -- More than 30 years ago, William Ayers was a fugitive leader of the Weather Underground, an antiwar terrorist group known for its bombings of police stations, the Pentagon and the US ... Connelly: My tea with a 'terrorist' Seattle Post Intelligencer What’s The Obama-Ayers Connection? KPHO Phoenix Town Hall - Chicago Reader - New York Times - Los Angeles Times all 134 news articles Publ.Date : Wed, 08 Oct 2008 00:55:44 GMT RSS to HTML Website Traffic Promotion

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