If you have been surfing the internet for more than a couple of months then you will have noticed that there are a lot of sites around trying to make money in the credit card and credit niches. The reason for this is simple: they are two of the most profitable niches.
They are not the most profitable, but they are probably the most profitable niches that are actually trusted.
But before you all rush off to buy your domain and create your site and start making your fortune, there are a few things you need to be aware of.
They Are VERY Competitive Niches
Unfortunately because these two niches are very profitable this has the knock-on effect of having LOADS of people trying to make money in them. There are hundreds of thousands of sites and blogs online trying to make money in these niches and you are going to have to work VERY hard in order to become noticed.
You Are Going To Have To Spend To Become Noticed
Because there are so many people competing in these niches it is highly unlikely you will be able to make money without investing money in advertising your site and possibly even hiring an experienced SEO expert to help optimise your site to try and get ranked in the search engines.
It Is Possible To Succeed
Despite the obstacles that I have just pointed out it is very possible to succeed in these niches. One way is to tap into a sub-niche. For example if you live in a place like Dayton, OH, then you should focus on credit union in Dayton, OH, or maybe even focus on loan for the State you live in.
Getting into these niches is something you should think about very carefully because it will end up costing you a lot of money if you are not fully prepared.