To succeed in making money online, or offline, you need a special angle, one that provides you with a unique edge over your competitors to do it cheaper, faster and better than the best out there.

Here’s a useful 3 step guide:

1. Mindset: Acknowledge that you need a unique advantage to succeed
2. Reality: Understand your personal areas of expertise, strength and interest
3. Execution: Identify profitable niche markets with a massive potential

It’s tempting to run through the list with a quick:

‘Mindset’ – ok, i got that.
‘Reality’ – oh yes, i know what i can and cannot do
‘Execution’ – alright, now tell me how to make money

It’s worth noting that:

• The three points mentioned are not really a check list to be ticked off in a sequencial order.
• They are tools (or rules) to guide you when making decisions during the search for a niche business opportunity that suits you.
• It is useful to reflect on each guideline with reference to the others as the combination often provides new deeper insights into yourself.

Unlike your blog title or first post, this is an area (your Niche!) where you’d be wise to spend a significant amount of time to reflect and analyze about where you should dedicate your limited resources.

The original title just yelled “Quelle Horreur!” to us and this is why we changed it to something a little more subtle to reflect our brand.

• Identity: ‘Niche Internet Marketing Business Opportunities’ is NOT what we want our brand to be all about or perceived to be.  Although lots of content in theblog will cover the topic of ‘making money online’ and internet bizopps, we wanted to have a greater breadth from the outset.
• Keywords: Scary keywords on their own, let alone in that combination. It’s probably wrong when all the keywords are too right, some SEO guy said.
• Positioning: We didn’t want to be another Internet Marketing blog or have the keywords ‘internet marketing’ in the title, nor ‘business opportunities’.

So, we improved it to ‘MassiveNames.com – Targeting profitable Niche Markets with a Massive Potential’ … vague, open-ended and possibly describes what we do.

Update: It’s since been refined to “Profitable Niche Markets with a Massive Potential”

Before dedicating your time and money to any single venture, it is advisable to consider a range of options to identify the one that is best suited to your experience, skills and interest.

If you’re new to the industry, you should read as much as you can and refrain from being lured into bogus get-rich-quick scams with promises of easy money.

To get you started, here’s an overview of 5 popular ways to make money online:

1. Affiliate Marketing: Earn commissions by Promoting affiliate products and services
2. Blogging: Write a blog to generate readers/visitors and earn money from internet advertising
3. Domaining: Make money from buying and selling domain names
4. Digital Products: Create & Sell eBooks, Software or any other digital products
5. Freelancing: Provide writing, design, programming or any other services as a freelancer

Note: We are compiling a more extensive list of ways to make money on the Internet which will be posted soon.