In the previous lesson, I talked about some important things to keep in mind as you choose a niche market.
I ended the lesson by asking you to brainstorm some possible topics for your information product.
Today we’re going to do some research to help you determine whether your topic has good potential for success…
(Watch this video…)
– How many results?
– How many paid ads?
– What kind of sites are in the top 10?
(This shows you how hard it will be to compete with their listings from an SEO standpoint)
If you plan on launching many niche sites, you should consider investing in a tool that will help you automate most of the above processes. I recommend Keyword Elite
– How many advertisers?
– How much traffic they are getting?
– How much they are spending daily?
– What are they advertising?
– Do any related advertisers have an affiliate program? (potential back end promotions)
UPDATE: The CB site has changed, and now you have to be signed in to see the marketplace. You can sign up for a free CB account here:
1) Go through the research process I used in this lesson, and answer these 4 questions for each topic that you are considering.
– How big is the niche?
– How competitive is the niche?
– How potentially profitable is the niche?
– Is there potential for back end products?
2) Choose a niche that seems to have a good balance; one that you want to pursue. We will be further refining it in the next lesson.
Once you’ve identified a potentially lucrative niche, you need to go the extra mile and dig deeper. You need to zoom in on the market and find out EXACTLY what they want.
There are some simple ways of surveying the market and focusing your topic to give it the best chance of success, and I’ll be detailing those strategies in the next lesson.
As always, you are welcome to post your questions and comments below 🙂
Have a great day!Tweet