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Are you tired of being just another internet business web site trying to win the price wars?
Do you want a home web business of your very own, not an MLM or franchising scheme that
takes the bulk of your profits first? Do you just want to know how to make money with
your web page? We can envy the people who seemingly stumble into a great idea, but niche marketing strategy is actually a concrete method to become one of those fortunate people. The formula is fairly simple, but requires some very worthwhile effort to build the foundation.
If this is your first effort selling on the internet, you should know, it is a much different marketplace than running a traditional local "brick and mortar" business. The main difference selling on the internet is the sheer volume of people in your audience, compared to your local community.
Efficiently find niche products to sell. Use the best niche finding tools to decide the subject of your internet business web site. Accomplishing any task usually requires some type of tools. Caveman hunters used tools, like arrowheads. The time spent creating these tools was significant and took time away from hunting. Sometimes problems guide us to wonderful solutions. These new solutions can even totally change our lives for the better.
The caveman stumbled into his niche, maybe even quite literally. Many people never really
discover their niche in life. People who find their niche are usually happier and much more
productive.Successful business people think about their business all the time. They continuously dream up ways to solve problems and make their customers happy. You’d think they would do this even if they didn’t get paid. After all, if you love what you’re doing, running a successful home web business, won’t even seem like work. Finding your niche may seem like magic, but you already have a niche within yourself. Now, let’s discover what you should be doing for the rest of your life, and create your very own niche business. The more effort you exert on this task, the better your results should be. Expect this task to take hours or even days. If you've ever felt like you're spinning your wheels and not getting anywhere, this could very well be your turning point toward improving your life.
OK, time to get out a pen and paper. Options may include, a pocket sized notebook or a pocket recorder to make listing more portable. The list eventually needs to get on paper or screen to really work though.
You have more skills than you are aware of. Even jobs you didn’t like included skills you might have enjoyed in another setting, so write them down too. Now is the time for the really fun part, the dream list. In this list, write down the jobs you’ve dreamed about having. Job ideas like, what did you want to be in kindergarten, or high school? You should definitely include those dream jobs you never dared to say out loud!
These 2 lists should really include every potential career you’ve ever done or may have ever wanted to do. Your skills list defines what you’ve already learned and accomplished. Your dreams list includes things you’d really like to be a part of, things that get you excited.
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...So how do we
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NFL Quarterback? (Dream List)
So, you want to be on an NFL football team. If you’re athletic enough to be an NFL player,
I’m sure you’d know by now. So, how about everybody else (the other 99%)?Being on the team doesn’t require being a great athlete. You could even be missing a leg or an arm. Most of the NFL team doesn’t wear pads and helmets. Most of the NFL team supports the players. The coaches, team doctor, physical therapist, masseuse, owner, cheerleaders, publicist, lawyer, equipment manager, field preparation, are all essential. With this variety of potential jobs, match them up with your skill list and see what you can find. You may have some very pleasant surprises! Keep in mind, you can always learn new skills or farm out projects to someone with the skills. |
you can do anything you want,
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What are your Customers
Searching For (Demand)? Discovering what your customers are searching for is a great niche marketing strategy. Since the internet was designed and maintained by people who love to keep track of everything, it’s pretty easy too.
Google supplies just such a tool, called
Now, you can take your favorite item from the niche list you’ve created and plug it into Google Adwords. The adword program returns phrases containing your words, with the monthly requests for each. I like to put the list into a spreadsheet file (like Excel). ![]() You should mine each item in your niche marketing list. Try different variations of the subject. Try different related products and services. Plug each item into Adwords and see what comes out. Add all of your results to your spreadsheet. At this point, it would be easy to choose the phrase with the most traffic. A smart internet business web site owner knows better. It’s much better to find online niche products that very few supply, but is in great demand. This follows that basic economic principle the Law of Supply and Demand. What we really want to do, is compare your Adword results to the people already trying to supply the demand. You can do this simply by using the
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The quotes puts a better focus on your phrase. It also excludes results where the individual words in your phrase are scattered all over the web page. |
Now you’ve accomplished the arduous task of testing all of your Google Adword results against the Google Search Engine for your first niche keyword. In my spreadsheet, I add one more column with a formula to test the relationship between supply and demand.
.... or with the sample spreadsheet, use the formula +b2/c2 in cell d2 ... etc The results from your "Profitability Ratio" should help you to find niche markets. You'll want to choose the phrases with this highest ratio.After you’ve chosen phrases that look profitable, check your competition. If you choose "travel" you have 1.26 billion other suppliers. The winners are in the top 10 search results. Not 10 million or 10 thousand but 10! Only a huge organization can compete with those types of numbers (like Travelocity, Orbitz etc). Travel is a very competitive niche keyword. In the above example, you might want to drill down to something more specific, like "Idaho Travel" or "Cancun Travel." Pick a place you love to go. It'll be more fun! Creating your niche list seems like a fairly simple process, but doing this before you even select a domain name can make a huge difference in search engine traffic and ultimately your profits. It's a great way to build a home web business.
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Magic, isn’t really magic,
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How to Make Money With Your Web Page
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