This article describes Tools For Marketing: specifically, the four steps in your ultimate niche finding formula that give you the product that sells!
One thing I want to emphasize right up front is this: having a niche is a good thing because it gets you to focus on one thing, and thus you can get very good at it. Main reasons people fail to be successful in the internet business are luck of having a plan, a direction, and a focused point. Therefore, having a focused point, a niche, can allow you to combine several related interests into something that is unique and solves a particular problem. In the end, having a focus and an overall goal, i.e., a niche, will make you more successful and bring you more money, long-term.
Finding your niche and the right products to promote requires a methodic way of searching for value, volume and high profit potential. The whole process has to be done right from the beginning. That is why you need a winning formula you can follow, step-by-step, from the beginning to the end. We will therefore start with the basic niche finding – niche getting – niche winning formula that you have to follow, your blueprint if you wish, that will get you results…
Below are the four steps of your ultimate niche finding formula that will maximize the potential success of your efforts to accomplish this task. They are derived from your personal interest on a topic which denotes your passion for that topic, your knowledge about the competition – because you need to know the size of the market, and your ability to do market research to find out the demand for your niche (are people out there looking for products within your niche).
1. Brainstorming a list of potential niches. As a rule, this is the first thing you need to do to determine if there has been enough interest in the market for a particular niche. The idea here is that if there is enough interest out there for a particular topic, people would have written books about it. Dummies.com is a good place to start.
2. Discover the search volume for this niche. This is the second step towards finding a profit making niche. Here is what to do: use the Google keyword tool (you can find this by Googling for it), then search for the keywords of the topic of interest – look for keywords with a very high number of global searches – 100,000, 500,000, etc. You do not want to be in the 25 million range as this niche is bound to be too competitive and therefore hard to make money with it.
3. Determine competition. In this step you want to make sure that there is a small number of paying vendors out there – paying for ads – which means they are making money. You do a Google search for key words of interest and see the number of competitors on the right hand side of Google’s web pages; must have at least 5-7 competitors.
4. Determine if there are existing affiliate products in your niche. Once you have determined that there is a niche for you out there, and enough people are searching for products in this niche, and there is some competition for that niche, meaning people are making money in this niche, then you need to look for products to promote. You do this as follows: log on to ClickBank.com – one of the biggest depositories of affiliate products, and click on “Marketplace”. Search for your keywords related to tour niche – and see if there are enough products for you to promote and sell.
There you have it. The four basic steps to find your niche, find a product for your niche, and sell it for profit!