Searching For Lucrative Niche Markets

In order to get into niche marketing, we have to do some important market research. Along with this line, we have to be ready to roll our sleeves for the necessary market research work. Of course, there is no need to leave your house as we are doing things online.

Let’s start by taking note of the most essential things you can do which is first assess and spot niche markets that cover at least these three key factors:

1) You can easily identify exactly who your audience is.

2) There are motivated enough and active buyers in the niche market.

3) You can be able to get your marketing message across to the targeted prospective buyers.

It is just a waste of time in trying to find an undeveloped niche market. There are few of them out there and those that exist would take a lot of work in order to break in. Then, you’d have to entice buyers, research angles and test out various marketing campaigns with varied approaches to find out what really works.

Never mind going into that way! It’s always easier to make money in niches that are already proven to be profitable, and that is what you need to focus on. You always want to conduct as much research about your markets as possible, however, so that you can really understand what your target audience is interested in and create compelling campaigns that speak their language.

You want to identify:

1. What are the products people are currently buying?

2. Where there are some potential market openings not yet overly serviced.

3. How much of a demand exists in the market.

4. The things or products these prospect customers are most attracted with.

In other words, pay attention to who you are selling to before you determine what you are going to sell and your campaigns will be successful. It’s likely that you’ve already got most of the research you need right in your own memory bank. Think about the general health market and then dissect it so that you have at least 15 health related niches to evaluate.

For example, ‘health’ is a very broad and general market. You can go down to its segments which include the following:

  • How to get rid of extra pounds
  • How to stop acne
  • Gout problems
  • Menopausal concerns
  • Pregnancy tips and ideas

Another example is ‘relationships’ which is, of course, is a very big and encompassing market so we will look at its sub-markets which could include the following:

  • Get your ex back to your loving arms
  • Avoiding divorce and repairing bad marriage
  • Boosting a boring sex life
  • Effective ways to pick-up women or men

Now, just follow this formula with any broader topic and you’ll likely find some lucrative desperate markets.

It is always necessary to find these profitable ‘desperate markets’ because in most likelihood these markets are made up of greatly motivated prospects that are anxiously looking for a solution or answer to their situations. In other words, they are ready to open up their wallets and spend some money on your products.

The best markets should include buyers who are searching for ways to alleviate their pain be it emotional, physical or mental. And you just have to be there providing the right answers for them.

Some Questions You Might Have About Money Blogging

Writing

Is blogging an income easy? The answers would be yes and no! The actual blogging is easy and earning the cash does not take that long, but you do need to put in the groundwork so that the blog is prepared.

Will I be able to make an income straight away?  Sadly,  a lot of bloggers think that as soon as you create a site you will be able to make an income. This is far from the truth. Advertisers are not only giving away their marketing budgets that easily –  they want something in return and you need to provide that.

What are you selling when you blog?  As a blogger, you are selling one, or both, of two things. First, exposure to your visitors. If you have hundreds of visitors per day and they are interested in the advertiser’s product, then this is a good advertising opportunity. Also, lots of advertisers want to increase their search engine rankings, so if you have a good Page Rank, then that is another selling point.

What is Page Rank? Page Rank is Google’s measure of the number of websites (or incoming links) that are pointing to your site. The higher the ranking (from 0 to 10), the more websites that are linking to you.

What is Alexa Ranking?  This is a measure of the number of traffic that are arriving on your web site. The lower the number, the more visitors are trooping to your site.

Does a high Page Rank (PR) give a lot of traffic? In my own experience, I have seen a web site with a  Page Rank 5 with an Alexa Ranking of 7,200,000 ( I didn’t realize it went that high!) and a Page Rank 2 website with an Alexa Ranking of round 700,000. So no, Page Rank is only a measure of your incoming links.

How do I get a Page Rank? Any links to your site that are not hidden, such as with the rel=”nofollow” tag, count. So article writing, guest blogging, several site comments and sharing on site rolls could all increase the links into your website. The higher the Page Rank of the website linking to you, the more you gain.

How do I increase traffic? This is a big question! Writing articles will get several visitors and help you to increase your search engine optimization, but you need to write loads of fresh, unique content that are targeted to specific keywords and you must compliment this with incoming links to increase the search engine traffic.

Could be paid blogging harm my weblog? Never say never. In my view, as long as there are not too much load of paid posts and you are writing plenty of content posts then the paid activities should merely be a small part of the totality of your website — then the search engines should not punish you.

This post is a guest post written by Keith Lunt of how to start a blog. If you want to know more about starting a blog, you know where to look!

If you want to check out useful things to know about free traffic – please read the web site.

Let us start making money by blogging!