Monday, July 27, 2009

Niche Marketing - Part 1

I would like to acknowledge wealthy199 of BHW for this guide on how to find your niche. And I would like to share it to everybody. This is a no B.S. guide and not a get rich quick scheme. This is just a proper system use by thousands of people on how to find your niche and make this as your source of full time income. This will work if you actually implement it.

Finding Your Niche

Your first step was to look for profitable niches. Before you create your product, you must first look for a market that spends money, then find out what they want and give it to them. On deciding what product you would promote in the future, you must think of this simple principle: There should be a demand for your product or service. Offer people what they actually need, a product that would make their lives better and help them solve their problems.

You maybe aware of current events in the real world. You may have seen them on the television, magazines, newspapers or the radio. You may jot them down or do anything that would make you remember them. You are gonna use them later. Now go to Google Hot Trends then look for ideas. If you find a hot niche, make a note and look for more targeted sub-niches. Look for more ideas on Lycos Top 50 and Yahoo Buzz! .

Go to eBay pulse, it is the best place where you can look for sub-niches. Select a category, then look for more profitable sub-niches by going to a sub-category. Your best chance of success was to be very specific on your niche selection. And to mention, eBay also puts out a PDF report of their hottest categories each month, available at http://pages.ebay.com/sellercentral/hotitems.pdf. You could also look at Amazon to see what currently exists on a given sub-niche.

At this time, you maybe have an idea on what niche you would target. It is time to determine its profitability. You could use these free tools.

http://freekeywords.wordtracker.com/
Or…
http://www.digitalpoint.com/tools/suggestion/

Just type in a keyword then press submit. You will then be presented with a list of keywords and key phrases that are related to the subject you have entered. Each keyword or key phrase would have an indication of the number of searches that they have gathered from search engine users. The number of searches made for a particular keyword or key phrase is a good barometer of the demand. You’d want at least 5,000 searches for your main keyword.

Here are several other sites you can use to get niche ideas:

Nichebot - http://www.nichebot.com
Shopping.com Top Searches – http://www2.shopping.com/top_searches
AOL Hot Searches - http://hot.aol.com/hot/hot
Google Groups - http://groups.google.com
Craig's List - http://www.craigslist.com
Delicious Popular - http://del.icio.us/popular
Dig - http://www.digg.com
Google Catalogs - http://catalogs.google.com
Google Suggest – http://www.google.com/webhp?complete=1&hl=en
Technorati - http://www.technorati.com

Also you may also want to do some targeted searches on Google and Yahoo. Google your keywords and determine the competition on Adwords. Next step is to look on how many magazines are there on the subject on your chosen niche. Go here to check them out. Magazines.com - http://www.magazines.com
and
Amazon – http://www.amazon.com/exec/obidos/tg/browse/-/599858/

The next thing to do to find out more about a niche is to visit the forums. By visiting forums and taking note of what people are most concerned about you can search the Internet for products and services that will help them solve those problems. Gather the information about the topic. Do some spy work.

Done! By now you should have found a profitable niche market.

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