Forex sub niche
Finding a profitable niche market can be a frustrating and daunting task. Even though none of these advices are either right or wrong. For example, losing weight is a multi-billion dollar industry and it is impossible to market to everyone who wants to lose weight.
For example, you can lose weight by any of the following; dieting, exercising, workouts, body building, taking pills and so on. Now, you can easily break that down even further which are sub-niches.
A sub-niche is basically a niche within a niche. We can break that down to female body building, male body building, over 50 body building, getting toned VS getting ripped VS getting bulked and so on.
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As you can see, when you break down your market like this. It makes it x more easier to market and target.
The criteria below is for anyone who is just starting out and would like to learn how to build a successful niche site the easy way. For the sake of being simple, just answer these 4 simple questions.
This goes without saying but if no one is searching for information relating to your niche. Below are 2 very obvious examples:. They try to build sites around niches that are extremely competitive. Honestly, this is what it will feel like. S and if you really think you can outrank these massive authority sites who spends millions of dollars maybe, who knows?
The truth is, you want to look for niches that have low competition which makes it a lot easier to rank on the search engines.
The ones with lower competition are generally more laser targeted. Niches that are broken down into sub-niches with a small audience. Not too small though, but small enough to avoid the big guns. Of course, there are many other ways to monetize the traffic like Google Adsense or selling Ad space. Some examples of these sites are kids gaming sites or news sites. These sites have nothing to sell but make a ton of money by selling ad space and adsense.
The issue with targeting tight sub-niches, is the fact that the audience size might be too small to earn any kind of income. The key is to find some kind of balance. Not overly competitive and not too small of an audience.
If you can answer these 4 basic questions, you should be able to differentiate the difference between a good and bad niche. The reason for this is because a company can easily spend millions of dollars and make their way through a very high competitive niche and make a ton more money.
There are lots of affiliate networks out there that have thousand of niches and sub niches. Networks like Clickbank, Amazon or even eBay will give you a very good understanding on what products people are buying.
Easiest way to find a niche to start in, is to find marketers that are already making money from them. A good place to begin is with Clickbank. Clickbank has a wealth of information and if you want to learn how to make money on Clickbank , Chuck wrote a pretty cool post of his experience.
Clickbank is a marketplace for digital products. Thousands and thousands of affiliate marketers, including us, jump onto Clickbank to find products to promote. Under each categories there will be sub-categories. Gravity represents the number of affiliates who cashed in on that particular product in the past 12 weeks. The higher the gravity, higher the number of affiliates who are making money. This could be good and bad, it means that the market is hot for that niche but it also equates to the number of competition.
Personally, I like to go between anywhere from gravity. This tells me that the market wants to learn more about photo editing and is willing to pay for it.
They are more than just ecommerce sites, there are actually heaps of niches to be found here. Especially if your building niche sites around physical products, you could easily find what types of products your audience really wants. With 1, reviews and a 4 and half star rating, it means that people are loving this product and that a lot of money is to be made promoting TVs.
Of course, it would also mean that it is very highly competitive as not everyone leaves a review. For every buyers, 1 person will leave a review. That means, with 1, reviews that could potentially mean 4, — 6, buyers. Of this many people are willing to buy this particular TV, how many of them would need TV mounts? The last platform I want to reveal which is an absolute gold mine when it comes to niche research is Dummies.
Dummies is a company that thrives on writing help books, guides and manuals for markets that are in need for them. What this means is, they spend heaps of time and resources to find out what exactly are people in need for and then hire experts within that niche to write a guide.
How To Find A Profitable Niche Market For Your Online Business | Chuck & Andy's Affiliate Blog
Anything you could find in dummies, you can count on the marketing wanting this kind of information. As you can see, from these 3 sources alone, you can come up with many ideas on what niche you want to tap into and the different products you can sell.
You can also do your niche research by looking at trends. What better place to check than Google itself. Google has a tool called Google Trends , where you could find what people are searching for and the history of that search query.
Paleo diet was a massive hit a few years ago but started to slow down a bit. Now, all of a sudden, there is a huge spike. This gives us a good indication that maybe paleo diet is becoming more popular and that there is some buzz going on. As you can see, the keyword meditation is very steady and by the looks of it, it seems to be rising up. Although it is very broad and probably has a lot of competition. Of course, Google trends just tells us if the niche is in demand or not but if you want to look at traffic volume, you need to use other keyword tools, like Google Keyword Planner.
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With regional interest, you could find out which country is the most interested. But the main one to check out is the Related Searches, as you can see, meditation music is the top performer. Is that a sub-niche I see? There are plenty of free resources out there to assist you in finding a lucrative niche. You could always break down the niche and go for that instead.
The main thing to take away from this article is be sure that the market wants what you have to offer. Blog Posts Beginners Start Here Download Free Guide Done For You Marketing System Tools We Recommend.
A niche market is a smaller sub-category of a larger market. Click Here to Leave a Comment Below 3 comments. Affiliate Disclaimer Terms Of Use Earnings Disclaimer Privacy Policy.