Niche Testing
Hey everyone, I've been looking around for some new, profitable niches I could tap into. Now I'm just wondering how to weigh all the factors in which to go all in on a specific niche. I'm thinking of writing my own guide/ebook in case you are wondering exactly what I want to do.
Anyhow, I've done some preliminary research and found about 2-3 different similar products advertised for what I want to do. I did keyword research and found exact monthly search terms were between 2000-6000 or so based on each of the keywords I was looking at.
That being said, would this be enough monthly traffic to possibly be deemed profitable? Secondly, would 2-3 competitors (not including affiliates) be enough to think the niche is profitable? And thirdly, how can I go about doing my own conversion research on the competition to see what kind of conversion rates they are getting? I think I may have found a pretty decent niche here, but obviously don't want to spend money getting everything up and going, and get little or no return.
Thanks for the help!
Anyhow, I've done some preliminary research and found about 2-3 different similar products advertised for what I want to do. I did keyword research and found exact monthly search terms were between 2000-6000 or so based on each of the keywords I was looking at.
That being said, would this be enough monthly traffic to possibly be deemed profitable? Secondly, would 2-3 competitors (not including affiliates) be enough to think the niche is profitable? And thirdly, how can I go about doing my own conversion research on the competition to see what kind of conversion rates they are getting? I think I may have found a pretty decent niche here, but obviously don't want to spend money getting everything up and going, and get little or no return.
Thanks for the help!