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Wednesday, August 2, 2017

rich-people niches

Here are the top 'rich-people niches'
1. Finance/ Stockmarket
2. Casinos/ Gambling
3. Chartered services; yatchts & private jets
4. Holiday clubs
5. Golf
6. Horse riding
7. rugby
8. Expensive clothes, purses, jewelry, watches, dog accessories, etc
9. Real Estate, Finance, Cigars/Bourbon, World Travel.
10. Golf, yachting, skiing, snowboarding, hunting, fishing, fox hunting
11. escort services
12. Wine and gastromony, gourmet restaurants around the world

art collecting
horse breeding/equestrian
bird watching
adventure travel
wine collecting
Yachting/sailing
scuba
adventure travel
Cigars
High-end Cuisine
Products for Professional Types (MDs, Attorneys, DDS etc...)
Exotic automobiles
Investments: classic cars, wines, whisky, Diamonds and even designers pets
Sports: Sky diving (an expensive sport) A full rig will cost between $1,500 second hand to around 10,000 new.
RC Helicopters!
polo, horsebackriding, travel, collections, snowmobiling, skiing, any hobby with expensive gadgets to purchase

You can try promoting Patek Phillipe watches with super complications e.g. Sky Moon Tourbillion. It will cost $1.75M with free shipping! Imagine how much commission you will get if you sell this. But seriously, do you think anyone, however rich they would buy this watch by adding to cart and then check out with a credit card?

You do not want to target a market e.g. a hobby.

You want to target a demographic e.g 25 year old men

The time people tend to have disposable income is when they start working but have no big expenses e.g. house payments or children.

Once the children come along, parents tend to spend their disposable income on them e.g. school fees, coaching

Once the kids are grown up they can start spending money on themselves again or save for retirement.

The people who have just started to work tend to spend money on fashion and fashion accessories, partying, traveling, gadgets, hobbies, sport etc

I've been friends with a few incredibly rich people. One of them was a solar eclipse chaser. He traveled all over the world to go see solar eclipses.

Another was a birder. He traveled all over the world trying to spot exotic birds.

Another loved wildlife photography. He traveled all over the world trying to get awesome shots of animals in the wild.

What's the theme here? All their hobbies required very expensive travel, but there was a goal for the travel. It wasn't travel for travel's sake, but travel with a purpose. So, I think if you can focus on hobby niches that require a lot travel, you'd be a rich-person magnet and could definitely rule out the desperate, tight-on-money people.

Something that worked for me a while ago was I researched neckties to see which were most desirable and held the most value and then I went to resale shops like the Salvation Army (several of them) and bought a couple to start for like $3 or $4 each and then I listed them on Ebay for usually between $10 and $30. Around 80% of them sold and this built me up to having enough to get samples for 6 items at Aliexpress with $156 I made from the tie sales. I was only able to afford like 2 samples of this and 2 samples of that at Aliexpress which I also put up on ebay and 2 items (of the 6) sold really well so I kept on recycling the money back into them. Next thing you know I'm the top seller on one of the items and I was having $1200 weeks during the Christmas season. For many here a $1200 week is a blow in the wind but when you're starting with $3 Salvation Army ties, its substantial. This all took a very long time so a ton of patience was required and I'm not saying to go this exact path but if you've got the persistence, you'll find your path.

BTW I do have to give some kudos to @AndrewNC because he saw I was going through a rough time back then and he gave me some advertisement space in one of his Magazine apps. So thank you Andrew, you helped me more than you knew.

lol It took me 2 years to develop and publish my first game Zombie Crisp on android.
The entire first year i didn't even test it on a smartphone. I just developed it in the editor on PC.
I ran into countless bugs and had to solve numerous design problems and do so much testing, but i didn't give up.
When i finally bought the cheapest android i could find to test it on, it ran like a slideshow and crashed, but i didn't give up.
After learning a ton more about optimizing, and mobile development, I finished the app and published on android.
I spent well over 1000+ hours developing it and it flopped... but i didn't give up.
I spent the next 4 months torturously trying to publish the app on iphone which was a whole new can of worms.
I ran into so many fukin problem i went hysterical, but i didn't give up.
Finally i got the app published on iphone, and it flopped, but i didn't give up.
Then i made another game and it flopped too, but i didn't give up.
I made a few other silly apps, and non of them went viral, but i didn't give up.
For awhile I even burned out and my health took a hit, but i didn't give up.
I'm working on an app at this very moment, maybe this is the one, maybe it's not, i don't know, but i do know... that i won't give up.

Are you gonna give up?

Entrepreneurship is not a linear path. It has ups and downs, obstacles, struggles, failure, success and that can all just be in one day. Entrepreneurship is a marathon not a Sprint. Every "overnight success" was usually 10 years in the making. So don't give up on yourself, give it another go, pivot and keep trying. Don't worry about the competition, learn from them. Make an app that you like and that solves a problem that makes sense for you and solve it in your way. Also consider getting a developer to help you. Find a pro that knows what they're doing to guide you and mentor you. Good luck!

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