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If you have been trying to make money online for any substantial period of time, you have probably heard at least once that niche marketing is the way to do it. There is good reason for this. It can be very lucrative to focus on your own carefully selected markets with far less competition & potential for easy profit.

But understanding the benefits of niche marketing, and actually making a consistent income from niche marketing are two very different things. While there are a number of elements that make up a successful niche marketing campaign, here are the main ones that are of key importance in obtaining the online income you desire.

1. Knowledge

It seems crazy to say, but despite all of the info products, articles, forums, free reports and blog posts, a lot of people still find it hard to nail down specifics on how to locate profitable niches.

The problem, of course, is information overload. It's not a lack of information, but rather too much information. Sorting through the various Internet programs to find what really works and what doesn't becomes the main challenge.

2. You Need The Ability To Find Good Niche Markets

The quality of your niche market (in terms of supply and demand present online) can be the determining factor in you making $100 per month or $10,000 per month. The ability to hunt down high quality, highly profitable niche markets that are easily dominated is vital to your niche marketing success.

3. Have A Plan

You need a precise and predictable plan that can be repeatedly implemented in order to capitalize on great niches when you find them. Whether it's selling info products, or making content websites to promote affiliate programs, you need a system that you know works so when you find a great niche market, you know exactly the steps to take to start sucking the cash from that market immediately.

4. You Need MANY Sites

While it's possible to start profiting immediately from a single site, if you really want to make the kind of income you'd be proud of from your niche marketing, you're going to need a bunch of niche sites.

When I say "have a bunch of niche sites", I mean create, promote and continually update and manage a bunch of niche sites. This can be a tricky task and is the primary stumbling block of most niche marketers. To make a site here or there is easy, but managing a Niche Site Empire, so to speak, requires a lot of work.

5. Resources

Resources are the only thing that can take someone from an every day niche marketer to a phenomenal one. Fact is that you can't do it all yourself and there comes a point where you need either people, or software to help automate some of your niche marketing processes so you can continue to produce the same profitable result on a continually growing scale.

The truth is anyone can do it. Don't let anyone tell you that it doesn't take work because it does, but with a combination of the above info, the average niche marketer can attain the dream income they envision.