240. Justin Welsh on How to Find a Profitable Niche Worth $2.25 Million

Productive Insights Podcast — Actionable Business Growth Ideas — with Ash Roy

Want to find a profitable niche for your online business? Justin Welsh, who makes over $2 million a year, shares how he did it. He talks about going from a regular job to running his own successful business.

Justin explains:

How to figure out what you're good at

Ways to turn your skills into a business

Why you don't need tons of followers to make money

How to find the right audience for what you do

If you're thinking about starting your own business or want to make more from the one you have, this video's for you. Justin gives real advice on how to make money doing what you know best, all on your own.

Timestamps:

00:00 Introduction and Revenue Overview

00:22 Finding Your Niche: A Conversation with Justin Welsh

00:35 Justin's Journey to Success

01:36 Revenue Breakdown and Business Model

02:26 Replacing Day Job Income and Building a Following

05:00 Identifying and Monetizing Skills

06:06 The Importance of Niching Down

07:55 Advice for Multi-Skilled Individuals

08:39 The Evolution of a Niche

12:11 Insights on SEO and High-Profile Examples

14:02 Conclusion and Membership Invitation