How to Make Massive Cash by Finding Hidden Niches
Selecting the right market can make or break your Internet marketing business. Often, people trying to get into Internet marketing often stumble on this step, because they simply have no idea which markets are worth getting into. After all, no one wants to spend months building a website that ends up with very little traffic simply because there is very little demand for the subject in question.
So, how does one go about finding hot niche markets? Some Internet marketers suggest choosing a niche that you are either enthusiastic about or are familiar with. While this may happen in the end, the better approach is to learn what people are really looking for and base your Internet business around that. Determining the demand of a particular niche is the very first step.
One way to do this is to leverage some free tools, such as the free Wordtracker keyword tool (http://freekeywords.wordtracker.com). Type in a search phrase and Wordtracker will spit out the number of daily searches for up to 100 related terms. You want to choose a term that has a decent number of daily searches – any number 10 or greater is worth considering. You may notice that the fewer number of words in a particular search term, the more searches it generally gets. Conversely, search terms that contain more words get less traffic, but are usually easier to rank for.
Next, go to Google (http://www.google.com) and type one of the search terms in quotes. In the upper right hand part of the search results screen, you’ll see the number of pages indexed by Google that are exact matches for your search term. In general, when you are just starting out, try to target terms that have 20,000 or fewer competing pages when using exact match. Anything higher than this will require some heavy duty SEO to rank well.
Once you learn that a certain subject with good search volume and relatively low competition, it’s time to go over to the Google Adwords Tool (https://adwords.google.com/select/KeywordToolExternal) to learn if there is any money in the market. Type in your term and see if there are many advertisers bidding for your search term. If there are a good number of advertisers, it suggests that there is indeed money to be made in your market. If there are no advertisers, the search term you’ve chosen may not be commercial in nature, and thus may be difficult to monetize.
You’ve now got a handle on a niche that has decent search volume, low competition, and monetization potential. Once you know how to find quality niches like these, you will be well on your way to earning some serious money online with niche marketing.
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Filed under Internet Marketing by author on Jul 9th, 2009.
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