The Music Challenge – Module 1, Day 7: Commercial Indicators

Today is the final day of Module 1, and it’s all about Commercial Indicators. In today’s video, Robert Sommerville a.k.a. GuruBob, will show you how to assess the commerciality of your micro niche. This means that you will find out if people are actually buying and selling, in other words, if there is profit to be made in the niche you’ve chosen. It’s time to watch the video!

If you’re having trouble watching the video, you can click here to read the Transcript (or right click + save).

Actions For The Day

Take your candidate micro-niches through the process of researching for the evidence of commercial activity using the commercial indicators outlined in the lesson. Practice the process taught in Module One so that you become more familiar with the steps involved and more skilled at interpreting the resulting data.

On Day 6 of The Challenge we analyzed the Seo Matrix. We saw that one of my niches (related to saxophones) was too competitive to pursue. Now we only have 2 left, a niche related to horns and another related to flutes.

When I search for my micro niche related to horns in Google, I get shown 4 ads related to the micro niche in the sidebar. That’s not necessarily a lot, but it shows there is some money to be made in this segment.

I couldn’t find anything on Amazon for my micro niche, but I sure found a lot on Ebay.

When I type my keywords related to flutes into Google, I can see that there are quite a few ads showing up on the right sidebar. They seem to be all relevant to my micro niche, which means that people are actually making money and this is an awesome sign.

I also get a lot of results on Amazon and Ebay related to my micro niche, which is another sign that I am on the right track.

Well, I haven’t decided which micro niche to pursue. I’ll have to give it some more thought before I jump on the wagon. But I got all the tools now to make an informed decision.

This concludes Module 1 of The Challenge. I hope you liked it, it has surely been fun taking part. The Challenge has helped me so much in many ways. I am confident that I have found a way of pursuing my passion for music, while not having to carry the burden of a 9-5 job. But I still have a while to walk before I can say that I can comfortably live off my income generated online.

How do things look on your end? How has The Challenge been treating you?

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The Music Challenge Series

Visit other posts in the series by clicking here.