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

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!

Choosing Right Niche

Choosing the niche you want to develop is really critical in your search for profits online. In fact, a lot of experts are considering niche hunting as one of the most important and rewarding aspects of any online business. No words can emphasize more of the importance of choosing the niche you want to get in. So what are the benefits of having a good niche?

1. A good niche will help you receive the highest payouts faster. If the niche is desperate or ‘need based’ (desperate and ‘need based’ are two different things), you can expect solid conversions and high payouts. Both of these mean higher income for you!

2. A good niche will allow you to rule with minimal effort on your part. Proper niche research begets proper keyword research which in turn means you’ll be making the most money, in the shortest time, and slowly expanding until you’re dominating your
niche!

3. A good niche allows you to tap into a ready-made hungry market with plenty of vendors willing to offer you, in some cases, as much as 100% commission. This is nowhere as true as in the CPA market (CPA = Cost per action as opposed to CPC = cost per click).

I am presenting below at least 3 of the best niches to concentrate on.

1. The auto-industry including auto parts, accessories, cars themselves, or even car information verification services such as Carfax.com are ALL awesome opportunities. Begin small by targeting very specific keywords, such as ‘toyota 2006 matrix XLS steel exhaust’. If you go after enough of these keywords (and again, focus on more than just PPC – use SEO, Article marketing, Forum posting in auto-related forums, or niche websites). Though the commission rate on actual sales is very low – somewhere around 8-12%, you can actually make quite a bit since many parts cost well over $300, which equals a $30-$50 commission for you. Target the CPA networks in this niche, and you could make as much as $2 for every ZIP CODE (yes, just for the zip code) submitted from your site.

2. The health industry – again, a great industry to jump into that you can divide into multiple sub-niches such as ‘food supplements’, ‘fat loss’, ‘muscle gain’, treating specific conditions like cancer or diabetes and so on. Then you have the whole insurance CPA networks where if you play your cards right, you can make $50-$200 for every form submitted. And here’s a hint, look for high-ticket purchase items such as hyperbaric chambers, mobility scooters, and massage tools. They’re expensive, but there are people who need them, and if you do your research and guide them to the best options, you’ll typically find it rewarding financially as well.

3. The ‘Pets’ Industry – most people love their pets. You can set up a basic drop-shipping site with pet supplies and with some solid SEO/link building on it, you can have a VERY profitable website. In fact, an associate of mine once built a similar site and ended up with a $40,000/month website. Of course, not everyone will hit such a level, and I suggest you focus on VERY specific keywords again, such as ‘maltese eye brush’ or ‘eye brush for Maltese puppy’. Dog training manuals, accessories, potty training, puppy buying guide and such can also make for some very solid earning potential. And of course, let’s not forget the CPA opportunity with pet health insurance options either!

While these three are great niches, they are not the end all. There are thousands of others that you can discover, and there is literally no niche that doesn’t have a solid CPA offer on either. Combining a good niche with a good CPA network and proper promotion can do wonders for your finances.

Good luck on your niche hunting!

Be Ready For Success

Just imagine someone freely handing you the so-called keys to success. What would you with it? How will it possibly affect your business or career?

Unfortunately, most likely nobody will ever throw the keys to you. You have to learn it from the experiences of other people or by hard knocks.

Have you taken a closer look at this phrase: “In order to have more you need to be more”? It means that if you want to be successful then act like a successful person and open up your mind to the vistas of knowledge and learning required getting there.

There are various factors or ingredients for a person to be considered as a success. But if there is one solitary factor it should be the readiness of a person to do what it takes to be successful.

It is imperative that a person craving for success should focus and grow in all the three of these areas:

1) Grow your mind. In other words, as much as possible gain the necessary knowledge the business and you personally need.

2) Free your spirit. Don’t stick being the slave of your old preconceived notions and nonworking ideas. Look for a fresh start so as to free yourself from the shackles of ignorance and failure.

3) Heal your body and mind. Nobody would be successful without the benefit of a healthy body. With an actively vigorous physical and mental prowess, you can reach the highest mountain there is.

Grab those keys now and start working for success!

Finding Resources For Niche Marketing

One very important consideration in finding and evaluating niche markets is the utilization of some very effective free resources online. These cost-free resources can include the following:

Yahoo! Buzz

Google Zeitgeist which provides a way to Google Trends, Trends for Websites, Hot trends and much more.

You can go for specific areas or locations. If you are not inclined to focus on the US market, you could alter your search query to exclude US results and just opt to search globally. Here you are simply looking for wide ideas and possible niche markets that you can later scrutinize extensively.

Aside from the tips above, you can have a good pulse on the market by browsing widely circulated magazines through www.Magazines.com, best-selling books via www.Amazon.com, hot trendy searches from www.pulse.eBay.com and information from digital marketplaces like www.Clickbank.com.

You’ll be able to come up with enough niche ideas to keep you busy for years! Talking about evaluating niche markets, you also have to pay attention to relevant keywords. Keywords help you define who your customer base really is. If you created a website featuring a product on starting a Cake Decorating business from home, simply focusing on that keywords wouldn’t necessarily draw in targeted traffic because not everyone looking for Cake Decorating tips is interested in starting their own home based Cake Decorating business. Some may just want to get more solid information on cake decorating techniques or recipes and got no interest whatsoever in turning it into a business.

However, if you know what keywords people who are really interested in creating a Cake Decorating business are entering into the major search engines, you can separate those people from the rest of the herd and effectively target your customer base by matching your keyword based marketing campaigns with the exact keywords they are using.

That’s the importance of keywords — to dig down into your niche market so that you are directly targeting your customer base, rather than just a broader niche market.

Keywords are the very important thing to look into before you even think of creating your own info-product. Keywords can determine if there is a market and if the market is profitable as well as how is the competition in that market.

So, begin by evaluating potential markets. After recognizing the potential markets, the next thing to do is evaluate the appropriate products offered within each niche market and lastly, never ever forgets to get the levels of competition involved. Determine whether the niche can be entered by you and if there is a new way you can take to grow in the said marketplace.

Then it is time to come up with focused marketing campaigns with the aim of promoting the niche products or better yet create your own original information product in response to the ever-expanding demand. Use keywords to better target your customer base, and to serve as the foundation for all of your marketing campaigns.

Be a part of this niche marketing as it is a very profitable business to be a part of.