Why You Should Pick A Niche in the Blockchain Space

The blockchain space comes with numerous profitable sectors and opportunities. This then gets me thinking, should a person try to get involved in all of the sectors of cryptocurrency and blockchain technology? Or should a person find for himself a particular niche and focus there?

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My Thoughts

Getting involved in all sectors of cryptocurrency is great but should be done only by the crypto experts and those with experience in the space. But for those just starting out with cryptocurrency, it is always best to take things one step at a time. That way, you will be more productive. Let me ask, which is better? Being a jack of all but master of none? Or being a master of one and ignoring the rest of the sector?

These things can be tempting a times but trying to get involved everywhere at the same time can get you really distracted and less productive. Hence, it is best to get grounded in one sector before thinking of investing your time in another sector.

Personally, they're other sectors of cryptocurrency and blockchain technology that I'm yet to be involved in because I need to be a master first in the ones I'm currently involved in. This helps me to stay focused and well-developed.

I have seen people who are quite busy in this space but achieving very little because there's not one thing they can do very well. In a bid to be involved everywhere at the same time, many have only gotten to scratch surfaces without getting to the depths of these sectors.

Speaking of sectors in cryptocurrency and blockchain technology, they include content creation, DeFi, NFT, Metaverse, community management and many more. All of these sectors are all profitable but can only be profitable to a person who has fully developed himself in them.

Pick A Niche

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So, my points exactly is that we should endeavour to get the maximum knowledge and expertise in any of the sectors we wish to indulge in. Then again, don't try to be everywhere at the same time, pick a niche and grow into becoming a principality in the sector.

Because someone is doing well in a certain sector doesn't mean you should join the sector too. Don't let the fear of missing out cause you to become a Jackie. Get to know the area of your strengths and core interest. Focus there! You must not do everything. Creating wealth isn't achieved by trying to do everything of being everywhere.

Fact is, there's money in all of these sectors. Profits is not tied to a particular sector alone; it's everywhere but only for those who give in their time and energy. All you need do is channel your energy to at least one blockchain sector, stay focused and build yourself in that line. Having grown in one sector, you can then think of pitching your tent in another.

Do you think differently? Share your thoughts on this!

Also, it is the beginning of a new year and we all want to get different and better results. In this wise, I talked about how you can chart a new course for your finances in year 2022 and beyond. You might want to check it out!