What Are Evergreen Ideas All About?

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So, say you’re ready for your next project. Congrats! And, say you want to start an online business.

Related: 25 Business Ideas Worth Millions That I Don’t Have Time to Build

But you aren’t sure whether your idea will be viable in 10, five, or even two years.

How do you know what niche your online business should be in? After all, you don’t want to waste your time building a business no one needs.

The first thing to recognize here is that online businesses typically fall into one of four categories: ecommerce, software as a service (SaaS), digital service and content. Examples include:

Whether you are thinking of starting an online business, or already running one, you should strongly consider targeting an evergreen niche. Evergreen niches typically never go out of style, nor are they usually subject to extreme seasonal dips and spikes, which makes them good candidates for starting a business in.

Evergreen niches are also not heavily dependent on trends. You may be doing a roaring trade in Fidget Spinners today, but how sustainable is that demand from consumers? Chances are, it will eventually go the way of the Tamagotchi, the Beanie Baby, and the Pet Rock.

Finding an evergreen niche that isn’t overly saturated is often one of the hardest parts to starting a business. Here are examples of the most evergreen niches and examples of websites that service them:

Related: 7 Online Business Ideas That Could Make You Rich

Sports and hobbies

Type: ecommerce/ Example: LifeFitness

Belong to a gym? You have most likely seen this piece of equipment before. LifeFitness is an elite manufacturer and wholesaler of exercise machines, such as treadmills, ellipticals and stationary bikes. This offering plays to the ever-expanding demand in the exercise niche. In fact, market analysis site FranchiseHelp notes that gym memberships rose 18.6 percent from 2008 to 2014, a trend which the article’s writers expect to continue.

Weight loss

Type: SaaS/ Example: Lose It

Lose It is a goal-oriented weight-loss program that helps you track your caloric intake. It allows you to set a target for how much weight you want to lose and how quickly you want to lose it, then offers suggestions based on those goals.

This is a subscription-based service that offers both a free basic plan and a paid plan with advanced features. This model is very common in the world of SaaS.

Gaming

Type: content/ Example: PCGamer

PCGamer is a gamer’s paradise with extensive reviews of all the newest games and hardware. It is the go-to authority for anything PC-game related, which means it is positioned to continually update its content as the industry evolves.

Ubisoft, a mega-player in the industry, recently put out a third quarter earnings report, which pointed to growth opportunities in the $30 billion PC gaming market (according to the company), so it’s a promising industry. PCGamer also previews new game titles before they launch and reports on technology news outside the realm of gaming.

Relationships

Type: SaaS/ Example: OkCupid

There are always people looking for love. OkCupid aims to help them find it. While many dating applications are mobile-based (think Tinder and Bumble), OkCupid is best experienced on a desktop or laptop.

OkCupid employs detailed questionnaires that try to elicit enough information to match you with your soulmate, meaning its offering grows more sophisticated as time passes and the company collects more data. This is sustainable, as it goes far beyond using just pictures to make a match.

Beauty

Type: ecommerce/ Example: Sephora

LVMH-owned Sephora was founded in 1969 and has over 1,900 boutiques worldwide. Sephora revolutionized the brick-and-mortar beauty industry by replacing traditional sales reps with “beauty advisors” and encouraging customers to try before they buy.

The company’s ecommerce store is no less innovative, offering video how-to classes and an extensive community section where customers can interact with brand representatives, influencers and other Sephora customers. Sephora is home to nearly 200 brands as well as its own private label.

Wealth

Type: SaaS/ ExampleeToro

EToro is more than just an online stockbroker. Its OpenBook platform allows you to learn from the trades and portfolios of over five million other eToro traders worldwide. It even gives you the ability to easily copy their trades, all within a  dedicated app.

With this type of social trading, eToro claims, “The collective well-being of the community is fostered through high levels of interaction, the wisdom of the crowds, strategy sharing and trading tips.”

Food

Type: ecommerce/ Example: Seamless

Founded in New York City and now available in over 15 states, Seamless spotted an opportunity and made itself a food delivery option for the millions of people who eat lunch (or dinner) at their desks.

Seamless isn’t good only for consumers. In 2013 it merged with GrubHub, which along with food delivery services offers a point of sales (POS) system to restaurant partners that seamlessly integrate in-house orders with online ones.

Education

Type: Digital Service/ ExampleLynda.com

Lynda.com was founded in 1995 and has been offering online classes since 2001. It was acquired by LinkedIn in 2015 for $1.5 billion. In turn, LinkedIn was acquired by Microsoft for $26.2 billion in 2016.

There is little doubt that online education is a big business. Lynda.com offers over 6,000 video courses that teach business, technology, and creative skills. Other highly successful sites that operate in this evergreen niche include Coursera and Udemy.

Mental health

Type: SaaS Example: BetterHelp

BetterHelp pairs its more than 1,500 licensed therapists with people in need of help. Clients fill out a questionnaire that details how they are feeling. It offers them the opportunity to name problems and areas of concern that they want to work on.

For a flat monthly fee, they get unlimited access to “their” therapist via an app, where they can message that therapist 24/7. Why is this evergreen? It’s a safe bet that humans will never run out of the desire to improve their mental health.

Related: 12 Low-Cost Business Ideas for Introverts

Final thoughts

The ten evergreen niches here are among the most consistently lucrative. You can find an even more comprehensive list here. When choosing a niche, remember that competition isn’t always a bad thing. A competitive market indicates that there is strong demand and, thus, money can be made.

In short, there’s always room for someone with a new angle, idea or product. A niche without competition is unlikely to be a profitable one unless you’ve invented an entirely new product for which there is consumer demand.”

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Email Marketing Works

1. Email marketing is easy.

One of the reasons email marketing is so valuable for business owners is that it is an easy way to start reaching consumers on their mobile devices without requiring a big investment in new technology or software.

52 percent of US cell phone owners access their email from their cell phones. (Pew Research Center)

42 percent of retailers’ email messages were opened by consumers on their cell phones. 17 percent were opened by consumers on tablets. (Forrester Research)

Conclusion: Nearly three out of every five email marketing messages doubles as a mobile marketing message. Why is email marketing better than SMS marketing?

why does email marketing work1) It works on a variety of mobile devices (phones and tablets)

2) Emails are free to receive for the consumer (texting can incur a charge)

3) Emails have far more space for content than text messages

4) Emails can be formatted much more creatively than text messages
2. Email marketing is effective.

Being a relatively easy strategy makes email marketing very appealing. But one of the biggest benefits to email marketing is how very effective it is at helping business owners and consumers stay connected.

Consumers often seek out email marketing campaigns from their favorite brands and local stores. 28 percent of US online shoppers intentionally subscribe to receive store and product related emails. (Nielsen)

59 percent of US moms say they would sign up for email updates from brands if rewards were offered (Loyalty 360).

There is real value to staying connected to your customers. Email marketing makes that easy to do.

Still asking, “Why Does Email Marketing Work?” Keep reading …
3. Email marketing is adaptable.

The versatility of email marketing is a major reason marketers should keep this tool in their marketing toolbox. Email marketing messages can range from simple to very complex. Emails can be personalized to include the name of the user and even more.

Many of the personalization tactics used on web sites can easily be applied to email marketing. (Retention Science)
4. Email marketing is inexpensive.

The best reason to use email marketing? It’s easy, effective, and inexpensive. Email marketing allows business owners and entrepreneurs to reach a large number of consumers at a rate of pennies per message as compared to much more strategies such as TV, radio, or direct mail.

And it’s not just saying this. A joint study from Shop.org and Forrester Research found that 85 percent of US retailers consider email marketing one of the most effective customer acquisition tactics.
Why Does Email Marketing Work?

The point is this: Email marketing may be an old tactic, It may be misused by some but it remains a vital strategy. It is relatively easy to get started with email marketing, so there really is no excuse for business owners to not be taking advantage of this powerful marketing tool.

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Smarty-Pants Speakers Drive Digital Marketing

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Digital Marketing News: Smarty-Pants Speakers Drive Voice Search, YouTube’s Rejiggered Hashtags, & Google’s Word Count Wisdom

Lane Ellis      Online Marketing News

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https://stories.trafficauthority.net/vincent/wmyfloyd

Report: Smart speaker ownership driving voice adoption on smartphones
The popularity of voice search on smartphones has grown in part due to more Americans owning smart speakers, with a new NPR and Edison Research report revealing 18 percent now own so-called smart audio devices. Marketing Land

Report: Facebook takes a back seat to Instagram as ad spend on the Facebook-owned app grows 177%
New research data shows that Instagram had ad spending four times Facebook’s rate year-over-year during the second quarter of 2018, while YouTube’s ad spend was nearly triple that of last year. Marketing Land

Emojis Score With Mobile Users
New study data shows that the use of emojis has resulted in a sizable boost of mobile e-mail open rates, with open rates boosted over 80 percent resulting in 363 percent revenue gains, but are digital marketers convinced? MediaPost

YouTube Shows Searchable Hashtags Above Video Titles
YouTube has begun showing searchable hashtags above the title of each video. The first three hashtags of a video’s description field have gained prominence with the change, offering new opportunities for YouTube marketers looking to optimize video findability. Search Engine Journal

Google: Word Count Isn’t Indicative Of Quality
Google has indicated that written content isn’t ranked solely by word count numbers. Short or not-so-short, good writing is rarely tied to formulaic word counts, Google has hinted. Search Engine Roundtable

Google releases AMP Stories v1.0 with new features, including an ads beta for DFP users
Google has announced new features for developers using its AMP Stories format, including several monetization features and additional metadata attributes targeting digital marketers. Marketing Land

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Twitter Releases New ‘Playbook for Agencies’ Which Includes a Heap of Twitter Promotion Tips
Twitter has published a new guide offering ad tips and more, in its agency playbook announced this week. The guide’s insight is applicable to a wide swath of digital marketing professionals. Social Media Today

An update to referral source URLs for Google Images
Google announced recently that it will soon implement a new referrer URL specific to Google Images. Digital marketers working with country-specific search queries also get specific new guidelines from Google. Google Webmaster Central

Snapchat beefs up ad targeting in deal with Nielsen
Segmented audience data is finally coming to Snapchat, as the firm recently announced a new partnership with Nielsen that brings some 30,000 segments to marketers using the firm’s newest addition. AdAge

Inside the Mating Rituals of Brands and Online Stars
The New York Times examines influencer morality clauses and the rise of online stars from YouTube, Instagram, Twitter, Twitch, and others, with newfound brand credibility often following. The New York Times

ON THE LIGHTER SIDE:

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A lighthearted look at lifestyle brands by Marketoonist Tom Fishburne — Marketoonist

How Kit Kat managed to turn a viral tweet into a branded proposal — SEO Roundtable

This Man Tried to Break the World Record for Paper Airplane Flight — Wired

TOPRANK MARKETING & CLIENTS IN THE NEWS:

  • Lee Odden — Natural Language Generation: The Future of Content Management — e-Spirit
  • Lee Odden — The Top 13 Content Marketing Influencers to follow in 2018 — JBH

What are some of your top influencer marketing news items for this week?

Thanks for reading, and we hope you’ll return next week for the latest digital marketing news, and in the meantime you can follow us at @toprank on Twitter for even more timely daily news. Also, don’t miss the full video summary on our TopRank Marketing TV YouTube Channel.

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Recycling News Isn’t Always Good

Why Has American Entrepreneurship Dropped? Malcolm Gladwell Blames Agreeableness

Why I Spend $16,302 Each Month Producing Content That Google Won’t Rank

Malcolm Gladwell (left) and Carlos Watson speak onstage during OZY Fest 2018 at Rumsey Playfield, Central Park, in Manhattan on July 22, 2018 in New York City.(Photo by Matthew Eisman/Getty Images for Ozy Media)

These days, Malcolm Gladwell is all about disagreeableness.

In conversation with Carlos Watson at OZY Fest on Sunday, Gladwell lauded the trait as a key component of an entrepreneurial spirit. In the psychological context, disagreeableness or agreeableness is the extent to which one requires the approval of a group.

“One of the weird counterintuitive facts about the present day is that entrepreneurship in this country is at a historic low, relative to the last 50 years or so,” Gladwell says on the OZY stage. “The rate of new-business formation in America right now is as low as it’s been since the 1970s.”

The Future of SEO: It’s Not What You’re Expecting

According to research from The Kauffman Foundation, the number of companies younger than one year dropped by nearly 44% between 1978 and 2012. This slump is affecting every industry, even those that the public perceives to be thriving. Despite the incredible technological strides made in the last few decades, new-business formation is dropping across the board. But why? Gladwell thinks it’s because our younger generations are less likely to disregard the suggestions and opinions of their peers.

“Is it possible we are raising a generation of people who are less disagreeable than previous generations? That the effect of all the things we’ve done in good faith to make young people much more aware of and solicitous of each other’s feelings has had the paradoxical effect of making it harder for them to try something truly crazy and weird and innovative?”

How To Use Google Images to Drive E-commerce Sales Before Your Competitors Catch On

According to the Small Business Administration, research shows that young people are interested in starting new businesses. But interest isn’t enough. There are more factors against Americans trying to be entrepreneurs than just agreeableness. Gladwell sees opportunity, whether it comes in the form of a bank loan or a good education without debilitating student debt, to be bestowed on a select few.

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“The consequence of the rhetoric used to describe success is that we come to think of the qualities of those successful few as being incredibly rare. What’s rare is the resources and the opportunities these people had access to,” says Gladwell. “But the underlying qualities are common. … I think there should be a rule that one day a week, we just don’t talk about billionaires.’

Gladwell notably considers himself to be agreeable, despite his disputatious takes and success as both an innovative author and a podcaster. His podcast Revisionist History, which recently wrapped on season three and consistently reaches the top of the charts, is a force of disruption in a rapidly changing industry. In 2017, 48 million people listened to podcasts weekly and podcasting revenues are growing at double-digit rates. Revisionist History looks at the past to unsettle culture schemas—but Gladwell also wants to ensure a brief respite from current events.

“I don’t make news with my podcast. I’m in the edutainment business,” says Gladwell. “I’m the antidote to the 24-hour news cycle.”

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Why Problem Solving Should Be The Only Value Proposition You Use

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