I’m looking for a way to create a stable passive income. Was thinking about something like an online Esty/ Printify shop.
I had some attempts in the past that weren’t successful. Mainly because I left it in relatively early stages.
Any books/recommended tutorials on the subject would be welcome.
I recommend Miles Beckler’s “Niche Navigator”. $9 last I heard.
Helps you quickly identify the market niche you want to start with. He’s an affiliate marketer overall.
But the niche selection process he takes you through will help identify your market for any business type.
There are very few untapped niches out there. If you even find one, it would be a risky idea to go in there. Untapped also means unproven. Find a niche that you think is interesting than people are already making money in. Just stay away from oversaturated niches like insurance, for example. You don’t even need to be in love with the niche, you just need to understand it. Figure out how people are making money and do the same or do it better than most people.
Can also means others tried and abandoned, i.e. market not big enough or responsive enough.