How To Choose A Highly Profitable Niche - Even In A Downward Economy
Visualize building a website targeting the wrong niche only to find out after months of search engine optimization and internet marketing that your idea may be too general and rarely holds the interest of your visitors and makes it hard to earn money after spending hundreds of hours of your own time. What a nightmare!
Well this was me a couple of years ago. I created several websites and spent hundreds of hours of my own time and hired programmers to create scripts for credit card processing. Only to find out I could not make any money. None of my visitors purchased my products and I felt completely lost in the internet jungle. With all the hype of making money on the internet and after spending thousands of dollars buying training material from so called internet guru's I still could not get it right. What did I miss? Does this sound familiar to you?
Finally by trying lots of different ideas I magically hit the correct formula. I built a very popular website on trucks and to date earned over $70,000 from this. How did I accidentally discover this success? I tried building more websites only to fail again. Did I just get lucky? Could I duplicate my success again?
Most people underestimate the importance of getting this first step of choosing the correct idea when first starting a website. Only to find out months later that their idea cannot make money. After months of researching I finally discovered the magic formula of long tail marketing i.e profitable niche markets. When you understand this process completely you can duplicate your success every time you build a website and save yourself countless hours of wasted emotion.
Brainstorm some ideas on paper. Find topics that interest you like fashion, gardening or fish to name a few examples. If you can't think of any ideas look at the newspaper, shops in malls, yellow pages, tv or do a search in Google for general ideas. Don't worry about your keyword research yet. At this stage you would like to find a unique angle on your chosen idea. You want to give your visitors a compelling reason to visit your website and return. Preferably choose an idea that you already know a lot about. If you choose an idea that you are not familiar with you will be forced to hire professionals on Elance or similar websites to create content for you. Unless you already making significant money I do not recommend doing this. Rather keep your costs low when you first start out and create the content yourself.
Once you found a good idea (examples swordfish, organic gardening, bonsai trees) you need to do your keyword research. The importance here being that you would like to build a website that gets significant free search engine traffic from your chosen keywords but at the same time not too competitive. You can use the Overture Inventory Tool. In my opinion a profitable niche keyword searched 15,000 to 45,000 times a month with virtually no competition rates as the best keyword to use. You can also use the Wordtracker tool to check the competition on the keywords. You can check the amount of ppc adverts on Google and once you discover a keyword with virtually no competition will become your goldmine. You also need to look for similar keywords related to your theme that you can build your website around. Say for example if you chose truck bed liners as your profitable niche keyword you can also create content on keywords related to this like spray on bed truck liner, pickup truck bed liner, rhino truck bed liner etc...
After choosing your keywords you need to create your content and monetize your traffic using contextual advertising like Google Adsense, affiliate links or by creating and sourcing your own products.
You need to test your completed website with ppc marketing. You can use Google Adwords and do an initial test and send 200 visitors to your website to see if the traffic converts into money. If not you need to improve your sales pages or layout to improve your conversion statistics. Once satisfied with your conversion and that you can monetize your traffic you can start on your search engine optimization process that will take at least 6 months and years of consistent white hat optimisation. After completing this step you will generate cash with free search engine traffic for years to come. You can build your virtual real estate by duplicating this process with other ideas.
Make sure that you follow the steps outlined here. It will save you thousands of hours in wasted emotion and heartache when building a profitable niche.
Would you like to know more about how I do it? I have completed my new guide where I reveal the secrets to how I earned my first $100,000 online.
Download it free here: Secrets Of Internet Marketing
Why do some people know the magic formula for building profitable sites?
Mark Abrahams has created the ultimate blog with secrets to generate multiple streams of internet income.
Build A Home Internet Business
New To Affiliate Marketing? Start Out Light
Most new webmasters look at the most profitable niches, instead of focusing on what they already have a deeper knowledge in. ...
Make Money on eBay - Market and Product Questions
Sure it is easy for anyone to say that all a new eBay seller needs to do is to locate the right market niche and they will so...
Make Money on eBay - The Perfect Market Niche
Is your goal to make money on eBay? If so then the market niche that you select is one of the most important decisions that y...
Make Money on eBay - Pick Your Market Niche With Care
One of the challenges that new eBay sellers face is identifying a market niche. Just the thought of having to find a niche th...
Affiliate Marketing For Beginners - A Step by Step Guide
Ok, so you have found out about the millions of people who are profiting by selling other peoples products. And now you want...
Discover The Affiliate Marketing Secrets That Have Been Revealed
If you're into online business then it is certainly no secret that affiliate
marketing is a wildy powerful and popular way ...
Build-A-Niche Store Program Taps Into Entire eBay Inventory
I recently discovered a brand new program called Build-A-Niche Store that I am now using to generate commissions through the ...
Trading Profitably on the Foreign Exchange Market
You may be asking yourself "how does one begin to trade profitably as a currency trader?".First, it is important to closely m...
How To Run Your Own Home Forex Business
Forex is an older but exciting market. It almost seems brand new with the invent of the internet. This gives the average Joe ...
Learn the Lingo
A huge part of putting the networking puzzle together is figuring out with whom you want and need to do business. Until that...
Make Money on eBay - Diversify Products Sold to New Market Niches
Certain levels of risk always exist when conducting business. Sellers can reduce the risk that they will not make money on eB...
Consumer Price Index (CPI) - How Inflation Affects the Forex
The Forex market is influenced by many different factors. Because of the world wide economy, knowing the economic reports in...
How To Profit From Untapped Affiliate Markets
Affiliate marketing can be extremely lucrative as we all know, but when you're just starting out it can be daunting looking f...
Spyware IS Good
How many times per week do you run your antivirus protection or anti-spyware or adware programs to ensure that your paranoia ...
Make Money on eBay - Understand Your Market
There are lots of experts discussing the need to find the right market niche and the right products within that niche if you ...
Forex Trading Fundamentals - Good News For The Dollar
Over the past six months it seems like almost every major finance magazine has published an article related to the weakness o...
Make Money on eBay - Dont Skip Between Market Niches
Some new sellers fall into the trap of jumping from product niche to product niche in their quest to make money on eBay. They...
The 6 Step Newbie Affiliate Marketing Model
This article will touch on a 6 step affiliate marketing system that can be applied by anybody especially the newbie. Although...
How to Make Money Selling on eBay - Solve Customer Problems
Those who know how to make money selling on eBay know that every sale comes as the result of solving a problem for the buyer....
Choosing the Best Affiliate Programs for Your Niche
When choosing an affiliate program to complement your website and niche market, you will need to do some research. Since you ...
