Part 5/8:
Niche Selection Strategies
Selecting a profitable niche requires diligence and strategy. You should avoid channels with inflated numbers, as these can mislead your understanding of your niche's health. Explore niche profitability using metrics like RPM (Revenue Per Mille), where ranges of $5 to $15 typically yield the best returns.
High view counts don’t always equate to profitability. Channels in low RPM niches may accumulate millions of views but yield significantly lower revenue than channels with moderate view counts in mid-level RPM ranges. Therefore, assessing the quality and financial viability of a niche is essential.