This is a guest post by Brandon Connell who teaches how to make money blogging and more at BrandonConnell.com. In this post, he is going to be telling us 5 ways through which we can begin finding a profitable niche that will help to make money online.
Everyone knows that in order to succeed with some serious traffic and income, you have to find a winning niche. The trick is finding one that always results in a happy ending regardless of how saturated the market is.
I am about to provide you with tips on how to locate niches that will always come out on top no matter what.
1. Desperation = Success
When I talk about desperation, I am not talking about YOUR desperation to create a profitable website. I am talking about how desperate your target readers are.
It is important to look at a niche just like you would a business. You want to open up a business with a high supply and demand. A good way to realize what these niches are is to think about everyday problems that people have.
Serious human problems include but are not limited to:
- Weight loss
- Skin and beauty
- Relationships & dating
- Finance and savings / investment
These seem like very competitive industries, and they are. But that really does not matter because even though these niches get flooded with new blogs and websites every day, the same if not more abandon these niches every day as well.
Remember; that overcrowding and competition has nothing to do with your success, no matter what you read online about it. All you need is some link building and a little traffic to make a niche site profitable. But the niches that become profitable with that traffic are those where the reader is desperate for a solution to an issue that they have. Are you their answer?
2. Research Isn’t Just For Journalists
You are probably a blogger if you are reading this, so you consider yourself a modern day journalist. But you do not have to be a journalist to know that you must research in order to know your target market.
Research is vital to niche site success. If you choose a niche with very little search volume and competition, you are lowering the bar way to much. If you do not want to go after an ambitious niche, then do your research and find one right in the middle with a reasonably mid-range search volume and competition level. Check out the Google Keyword Tool to get started with niche analysis.
3. Ask Your Readers
Have you even thought of asking your existing blog readers and those you network with what they would like to read or learn about?
Setup a poll, or create a new blog post telling readers that you are starting up some niche sites and need ideas. You will be surprised about how many people have an opinion on this subject.
4. Check The Products
Visit clickbank, or paydotcom, and see what products are offered in the various categories. This will give you an idea of what you will end up promoting when you start your niche sites. You may find that a product really jumps out at you, and it may give you an idea for a niche site.
I often find ideas by looking at products, and the expected commissions for those products. If it is something you can stand behind, there is no reason not to give it a shot. You don’t have to be a complete expert in the niche if you like a product. You can simply research the niche and write a few articles for that niche site, or outsource the writing on the cheap.
5. Check Your Hobbies & Skills
This may be obvious, but many people forget to check what hobbies, interests, and work history skills that they have and can share with others. Thinking of these things will bring ideas on what niches to start up.
Let’s take for example my work history. At one point in my life, I managed a Hollywood Video. On top of that, I have been in business for years by myself. With this information, I may decide to start a niche site on business management! As a matter of fact, I didn’t even think of that until I wrote this article.
Take a look at the ways you are deciding on niches, and how you can use the methods above to benefit your financial standing.
Share with us below additional ideas or success stories on choosing profitable niche.
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