Part 3/8:
Approaching YouTube like a trader rather than a regular creator can be transformative. In the stock market, the maxim "buy low, sell high" perfectly parallels YouTube's strategies for faceless creators. This concept revolves around understanding niche cycles—timing your entry into a niche before it becomes saturated is key.
Understanding Niche Life Cycles
Every niche goes through a life cycle consisting of five stages: innovation, emergence, growth, maturity, and decline. Each stage offers different opportunities and risks, mostly dependent on when you decide to enter the niche.
- Innovation Stage: This is the genesis of new ideas, where only a handful of creators operate. It’s a high-risk environment requiring creativity and resilience, making it less ideal for beginners.