Today we’re going to refine your topic to make sure you’re zooming in on the desires of your niche audience. If you fail to do this, your product runs the risk of missing the target…
(Watch this video…)
In general, people may be willing to pay for information that will…
- ease their pain
- fuel their pleasure
1) find a different niche
2) figure out different way to monetize it (ie. give the info away for free to build a list, and monetize the back end through physical product/affiliate sales)
1) email replies
2) self hosted survey - You can put a survey on your own website using a script such as this one (available with Master Resale Rights)
3) 3rd party survey - I recommend doing an ASK Campaign
UPDATE: I now use Instant Form Pro for most of my surveys. That’s what I used for my twitter survey, and other surveys. I like how easy it is to set up, and how it enables me to export the data to Excel to sort it as I wish.
1) Hire a market research firm (generally not recommended, due to the high cost)
2) Make a deal with a list owner in your niche. Create a win-win situation where the list owner benefits from the data being collected (or some other mutually beneficial arrangement).
3) Use PPC. You can send targeted traffic to a survey on your own site, or to an ASK Campaign. This will cost you some money, but very cheap compared to some alternatives (as few as 100 respondents may be enough).
4) Find free traffic. Get involved in forums in your niche, and then poll other members. Use social networks, etc.
5) Do it offline. Call people you know who are in your niche, text them, email them… do whatever it takes. Poll your neighbors, your church members, whatever you need to do to make sure your product hits the bulls eye.
What is your biggest problem regarding _________ ?
How difficult is it to find the answer to that problem?
What would you most like to learn about ________ ?
How much would you be willing to pay for a solution to ____________ ?
You want to know what PROBLEMS they are having. So pay special attention to questions like…
“Can someone tell me how to fix/improve/avoid… ______?”
“Is there a better/cheaper/faster way to… ______?”
“I need help with… _______”
Look for problems related to your niche that people are discussing on the forums.
This is the biggest article submission site, and will show you what is being done by other internet marketers to provide information in your niche. Are all of your audience’s most burning questions already being answered for free in these articles? Look at the author bio boxes to see how they are attempting to monetize the articles (ie. do they have a competing infoproduct?)
1) Survey your market and/or
2) Research the market in detail to find out exactly what they want
3) Decide what the focus of your topic will be
4) Come up with a USP for your product
I want to give you fair warning that this is where a lot of new marketers miss the boat. If you end up with a product that nobody wants to buy, more than likely you can trace it back to this lesson and see that you didn’t dig deep enough into your market to find out what they really want to pay for.
Once you’ve narrowed down your topic, it’s time to envision your product and come up with a great brand name. I’ll be talking all about that in the next lesson.
As always, you are welcome to post your questions and comments below
Have a great day!