A great many people succumb to the lure of internet marketing. They listen to
all the guru's with their overflowing supply of ebooks that promise to make
you rich, just by reading the $97 fountain of "secret" information. They all
have the same basic sales pitch - "Give me $97 and I'll show you how you can
become a millionaire by working less than 2 hours a week!"
Don't waste your money with these scam artists, because I'm going to
tell you the "secret" right here, right now, for free. The secret is that there
is no secret! Contrary to what the $97 ebook hucksters would have you believe,
there is no magic button, that when pressed brings you enormous wealth.
Selling on the internet involves the same basic concepts of selling that have
been practiced for thousands of years. Although modern technology does influence
the entire process, you still need to put a desirable product in front of the
right audience when they're ready and able to buy. That's it - pretty
simple concept, don't you think? Simple, yes - but it works!
How to select a profitable niche -
This is where a lot of beginners and even experienced marketers go wrong. They
find a product, then they try to develop a market for that product. In
actuality, they have the process in reverse order. Instead, they should look for
a hungry market that isn't being satisfied and present them with just what
they're looking for. Find the eager market first, then go find a product!
How do you find niche ideas? Well, you just have to be alert. As you go thru
your daily activities, be on the lookout for possible niche markets. For
starters, I'm always aware of trends and current events in the real world. I
read newspapers, many magazines, both general and niche-specific, I watch the
news, I listen to the radio. Occasionally something that I hear or read will
stick with me. I may record my thoughts on my portable voice recorder or jot
down some notes, whatever happens to be convenient for me. Sometimes I'll
call my office voice mail and leave myself a message.
But at some point I'll have several broad ideas to research. I want to look
deeper and I want to make sure there's a good market for them before I even
think about creating a product or promoting an affiliate product.
First steps in research -
Once you have a list of possible niche ideas, it's time to take a cursory
look and see if any of them hold promise. This can be done online for free,
using these sites -
google.com/trends/hottrends: This site will give you statistical charts about
search trends. You'll be able to tell at a glance if interest in a
particular niche is growing or declining. Obviously, you'd want to find a
niche that's showing increasing interest.
buzz.yahoo.com: This site will show you the most popular search terms currently
being entered. This is also a good place to build your list of more possible
niche ideas.
pulse.ebay.com: This site will show you the most popular current product
categories on Ebay. You can click on the categories shown and see sub-categories
that will give you even more niche ideas. Ebay also provides a monthly report of
their hot products at pages.ebay.com/sellercentral/hotitems.pdf
Finding the good niches -
Now that you've compiled a list of niche ideas, it's time to see which
ones are worth pursuing. You can download a free tool from goodkeywords.com to
see what the market looks like for these different niche ideas. This tool will
take your product idea and show you the most common related terms people are
searching for. It also shows how many searches were done for that term in the
last month. What this does for you is to give you a very good indication of how
big of a market exists in this niche. As a side benefit, you'll also see
lots of closely related terms you can use for SEO on your website to get that
much needed traffic.
The trick here is to find keywords that are closely related to your potential
niche product and have a fair number of searches every month, but they don't
have a lot of competition. This is easy to do - just go to google or your
favorite search engine and search for each of your potential niche keyphrases.
This will tell you how many webpages are competing for that particular term.
You'll want to narrow your niche keyphrase list down to the ones that have a
fair number of searches as shown in the GoodKeywords tool, but don't have a
lot of competition as indicated by the search engines.
When you are able to isolate the niches that have a good quantity of searches,
low competition and they're showing a trend of growth, you've found a
very likely winner!
It's a tedious process, but it pays off. Let's say that you investigate
an idea and it looks good. You put up a website, do a little promotion to
generate traffic. That niche product might only make a profit of $1,000 a month,
which may not seem like much. But consider this - you only need to do the
research one time and then you'll be making your profit month after month.
There's nothing to stop you from building upon 20 niche ideas. And even if
they only make $1,000 each per month, that works out to $240,000 a year. Not too
shabby!
Carson Danfield is an "under the radar" internet marketer who's been
quietly selling on the internet for the past 8 years. If you'd like to take
a software shortcut to finding highly profitable niche markets, you need to
check out his latest Niche Finder Software athttp://Traffic-Trix.com/ANF/