Proven Money-Making Ideas – The Big Four Categories

18 May 2009

The Big Four Categories

In my first venture into making money online, I made a BIG mistake. I tried to sell “math game ideas”.

I thought it was a great idea. Games were fun for children, and they learn the fastest when they have fun. And my keyword research had shown that there were people looking for “math games”.

So I got a ghostwriter to write an ebook on math game ideas and tried to sell it, thinking there would be a market for it.

It failed, miserably. I ended up giving it away for free.

While my research showed that people were looking for math games for their children, I realized that they wanted it in the format of online flash games, not game instructions like my ebook. And they wanted it for free, which spelled more doom for my math games ebook.

But my experience taught me a valuable lesson -

Not all ideas are ideas that people want.

I mentioned in a previous article that ideas are fundamental to a blogger’s success. While many bloggers do the right thing of giving their ideas and opinions, they make the mistake of doing so on topics that nobody or few people want to read about.

The other day, I came across a blog about Facebook game reviews. Writing reviews is a good way of expressing your ideas and opinions. And this blog had well-written articles and a really nice design. But I doubt the blogger is going to make any money from her blog, simply because I know people will not check out game reviews for FREE games!

Game reviews work for expensive paid games like those for PS3 or Xbox, but with free Facebook games, people would simply try out the games for themselves since they don’t have to pay for it first.

Another common mistake by novice bloggers is…

… publishing their ideas and experiences like how they would write on their journal. Their blogs become something like their memoirs.

The problem is, unless you are a popular celebrity or outstanding person worthy of a biography on Wikipedia, nobody wants to know what you had for supper last night!

The exception is if you belong to a group of celebrity bloggers who blog about their life as entertainment for others, but few are able to pull it off.

Information that People Want

People want to read information that benefits them. Writing about your life experiences only works when you relate them to relevant topics that people benefit from reading.

Topics that benefit people are basically those that help people solve their pain or problems, or help them gain pleasure by accomplishing something or meeting an irrational desire.

In this Attention Age, this applies more than ever before. People can only afford to give their time and attention to information that benefits them.

The standard “what’s in it for me” applies to blog readers as much as people who buy information.

Let me put it this way…

If you write topics that are only interesting, people will read it
if they have time.

But if you write information that readers benefit from, people will make time to read it.

And so, here’s a simple checklist…

  • If you intend to have an audience for your blog, you need to write about topics that people want to read.
  • If you intend to make money from advertisements on your blog, you need to write about topics that LOTS of people want to read.
  • And if you intend to sell products with your blog, you need to write about information that people want to BUY.

Through my experiences and what I have observed from others, I have come up with a simple list of topics that people want.

This list is by no means exhaustive, but if you have not chosen a blog topic, here are some ideas for you to start. If you are going to use your blog to sell affiliate products, it will also help you to know which kind of products to sell and which kind to ignore.

Since most of the topics that people want to read are topics that people want to BUY, I’ll focus on proven money-making ideas and categorize them to health, wealth, relationships, and passion hobbies. I call them the Big Four.

The Big Four Categories of Proven Money-Making Ideas

1. Health

How to live healthy or solve health problems

  • Health - Natural Cures to Ailments, Natural Preventions, Healthy diets, Healthy lifestyles, Skin care
  • Fitness - Weight Loss, Muscle Gain, Physical Beauty
  • Spirituality - Inner Peace, Yoga, Zen

2. Wealth

How to make more money or solve money problems

  • Intenet business – Internet-marketing, Blogging, Ebay, Online Stores
  • Investments – Stocks, Forex, Options
  • Real Estate – Rental, Flipping
  • Personal Finance - Debt clearance, Money-saving
  • Success - Success mindsets, Wealth psychology, Time-management, Personal coaching

3. Relationships

How to develop relationships or solve relationship problems

  • Family - Lovemaking, Parenting, Keeping the Romance, Saving marriage break-ups
  • Relationships - Dating, Romance, Dealing with break-ups, Making up with ex.
  • Social – Leadership, Persuasion, Winning Friends

4. Passion Hobbies

How to become better at their hobbies, or information about their passions

  • Sports and Recreation – Golf, Fishing, Cycling, Wrestling, Football, Dancing, Poker, Video Gaming, Computers (Mac!), Models & Crafts, etc…
  • Other Passions - Cars, Motorcycles, Dog-training, Photography, Magic, Fashion, Celebrities, etc…

A word about passion hobbies…

I call it passion hobbies because the participants of some hobbies are not passionate or enthusiastic enough to want to read or buy more information. This means that NOT all hobbies are good topics to blog about.

If you intend to make money from blogging about a hobby, your chosen hobby should be one where the participants are so (irrationally) passionate that no matter how much information they have, they just can’t get enough of it. They will keep reading and buying information to try to satisfy their unquenchable thirst for more information.

Good examples are like cars or golf. Bad Example – math games.

Two Simple Tests

To know whether there will be an audience for your chosen blog topic, here are two simple tests.

Firstly, test it on yourself – are you so passionate about your topic that you are already actively searching and reading more information about it?

Secondly, when you search for information about your topic, are there many blogs and websites that are already selling information about your topic? If there are, it usually means that there is an audience for it.

Did I miss out anything?

Once again I must state that my list is by no means exhaustive. Any topics you think I’ve missed out? Any thoughts on this?

23 Responses to Proven Money-Making Ideas – The Big Four Categories

Avatar

Armen Shirvanian

May 19th, 2009 at 3:44 pm

I think you have done quite well in grouping up the topics of most usage in their fitting sections, and the images that go with each section are quite stylish. The simple test idea of checking whether you yourself are searching for the information makes sense, and brings up thoughts of whether a topic is really relevant to the general public.

Again, those images sure are inventive and well matched to the top image.

Avatar

Charles

May 19th, 2009 at 4:16 pm

@Armen Thank you, I was wondering whether putting up the images will help people remember these categories, and looking at your feedback, I guess it does :-)

Avatar

Ralph

May 19th, 2009 at 5:39 pm

Nice post. That checklist is going to be helpful to anyone who is just starting a blog. I think it is a good idea to take the popular topics and twist them in order to make them unique.

There are a million blogs about Zen but if the blogger can add some flare that can make them stand out, they may have the advantage.

Avatar

Charles

May 19th, 2009 at 6:26 pm

@Ralph Wow I didn’t know there are so many blogs on Zen! Yes it’s a good idea to take a popular topic and add your own unique twist to it. Thanks for sharing your ideas.

Avatar

Tom - StandOutBlogger.com

May 19th, 2009 at 10:22 pm

This post should be a great launching pad for a lot of people looking at creating their first blog or info product! Great blog BTW, I just subscribed!

Avatar

Charles

May 19th, 2009 at 10:40 pm

@Tom Thanks for your feedback Tom. I had subscribed to your blog not long ago and it’s awesome having you subscribe to mine!

Avatar

buy penny stock

May 19th, 2009 at 10:42 pm

I’m in the wealth niche. Does your list is in specific order? Does health is more profitable?

Avatar

Charles

May 19th, 2009 at 11:12 pm

@buypennystock No my list is not in any order, don’t worry about it. Stocks investment is a very lucrative niche. I’ve learned that people who are into stocks are “dying” to hear the latest stock tips, so you can make lots of money selling stock tips.

And you don’t even need to have great stock performance to make money selling investment advice. Agora Inc had sold several investment newsletters. One of it was by Jim Davidson and he had the WORST stock-picking performance ever in Agora, yet his newsletter had the MOST sales.

His secret? You can hear how he did it in the bonus video when you subscribe to my newsletter :-D

No seriously this is not a suitable place to explain it, so it’s better if you hear it from video. Hope this helps!

Avatar

The Almost Millionaire

May 19th, 2009 at 11:28 pm

Great launch pad for us new bloggers. Great to find unique opinions that help guide in the right direction. I write about personal finance becuase it is a passion of mine…everything else is just for fun and profit!

Avatar

Charles

May 20th, 2009 at 12:08 am

@The Almost Millionaire Yes I strongly believe that we should blog about our passions,

but only IF, and this is a BIG if, there is a sizable group of other people who share the same passion as you, or else nobody would read your blog!

Avatar

Salwa

May 21st, 2009 at 7:09 am

Excellent post, have really enjoyed reading this.
Very helpful for anyone looking to get into blogging or who are just starting out.

P.S: Awesome blog you have here and you just gain your self a new subscriber!

Avatar

Charles

May 21st, 2009 at 5:01 pm

Thanks for your feedback Salwa, you have also just gained a subscriber to your blog!

Avatar

Bradley Nordstrom

May 22nd, 2009 at 10:21 am

Nice site! :) And awesome post :)

Avatar

Melvin

May 23rd, 2009 at 9:27 am

Wow, this is an awesome post. I bookmarked it for future reads.. The term ‘attention age’ is something I have just heard for the first time.. =p

Avatar

Charles

May 28th, 2009 at 12:35 am

@Bradley – Thanks for the wonderful comment

@Melvin – Thanks, I’m glad you found it helpful. Attention Age is termed by Rich Schefren, one of my internet business heroes. You can read more about it from his free Attention Age Report here – http://bit.ly/yQ9Of

Avatar

Corey Freeman

June 7th, 2009 at 11:04 pm

I’ve only read two posts on this blog so far but I think I’m in love with your content! Fantastic post! I think that when you actively search for more information, you shouldn’t necessarily see if there are a ton of sites on the subject. Rather, you should look for a topic with ‘enough’ sites that you can compete. Just sayin’

I think you definitely have to have a passion for the topic you’re going to write about if you choose a hobby, otherwise it will get very boring, very quickly. As well, I think there’s a certain amount of common sense involved in picking a topic to make a website on. Stopping and considering the idea from all angles is extremely important.

Avatar

Charles

June 10th, 2009 at 10:31 pm

Thanks for your wonderful comment! Yes we should also consider the competition when choosing a topic.

Avatar

Michelle Adams

June 15th, 2009 at 6:16 pm

Wow, my first visit here and I find this post. I love it Charles. Images are a great way to teach and help people remember things. I can sit for ages pondering on which niche to go after next but now you’ve made it a whole lot easier, WHRP. :) Thanks!

Avatar

Charles

June 15th, 2009 at 10:33 pm

Thanks Michelle, glad to be of help to you! :-D

Avatar

Harrison Schmidt

June 20th, 2009 at 2:16 pm

Great post Charles, found my way here through Yaro’s post on affiliate marketing today.

Health, Wealth, Relationships, and Passion Hobbies are definitely the most profitable niches. They are all such giant markets that no matter how saturated they get, the top competitors in each one will always make a boat load of money.

The most lucrative types of products to make for these are digital information products, subscription products, and software (thanks to the publishing capabilities of the internet).

Avatar

Charles

June 21st, 2009 at 2:41 am

Thanks Harrison! Yes, those three types of products you mentioned are the most profitable.

Avatar

David - Newbie Website Design

July 3rd, 2009 at 8:26 am

Charles,

You are so right about finding out what people are actually looking for on the Internet. I also wrote an e-book in my early days in Internet marketing. And just like you, I discovered that no one was actually looking for an e-book on that topic. People were only looking for ‘freebies’ in that market.

PS
I really enjoy your writing style!

Avatar

Charles

July 4th, 2009 at 12:54 am

Thanks David! I guess our best way to learn is by simply doing and making mistakes.

Comment Form

"Here's Your
Million-Dollar
Marketing Secret"

Watch Michael Masterson as he reveals how his newsletter business made $300MILLION last year based on BIG IDEAS alone.

Subscribe to my newsletter to get FREE instant access to watch the seminar video (available for a limited time only).

Name:
Email:

So what's the Big Idea?

"Similar content, similar traffic-building efforts…

… but VASTLY different results!"

For some time now, I have been searching an answer to the question,

“Is there anything else that separates star bloggers from average bloggers?”

It turns out there is. I call it the Big Idea.

read more >>

  • iYingHang: I don't know how true about what they say that genius copy and innovate but not plagiarize. [...]
  • Niall Harbison: I think people get a little to caught up in the tools of the day when in marketing. The message is a [...]
  • Star Tetrahedon: Hemm, read ur post make me realize about my way to blog. It's true. For the beginner, may it is not [...]
  • Krithika: Interesting article. Here, in India, we are taught to memorise a lot of things in school, everything [...]
  • S.Pradeep Kumar: I love to hear dropouts stories.. and this one is cool.. thanks for sharing.. [...]