What you want to do is find the niche first, then go and create or find a product that suits the needs and wants of the marketplace. This is the fastest way to profitability, and you should start using it in your online business today. If you don't know how to find a good niche to sell to, there are many options out there for you to choose from.
One of the best ways to figure out some strange and bizarre niches is to go to a website called "Clickbank". In the Clickbank marketplace, you will see all kinds of products... products that exist because someone did the market research, and determined that their niche is a niche that is small, targeted, and easy to sell to. This should give you alot of motivation when it comes to selling your first product.
Another way to discover a hot niche is to hang out in forums and discussion groups. There are all kinds of people who have problems and that are looking for a solution to get them out of their situation. You can use this information to formulate and create a product that will solve the exact needs of this small marketplace.
Simply do a little search engine work in terms of getting your site ranked high in Google, Yahoo, and Bing... and you can reach these people for free whenever they make a query about something related to your website, and your website's keyword distribution. This is a very low cost way to make money, and it's something that you should adapt into your business today.
Now after you've found the niche, it's time to put your marketing strategy into action. You have a few choices. The first choice is that you can create a short report. A short report is typically around 30 to 40 pages long. This can be done in a weekend - but you will want to make sure that it's filled with high quality information.
You can typically sell these kind of products for around $7 online. This should lead to backend products that your customers will want to buy for more money. With each sale that you make, upsell them to a higher price point so that you can earn more money.
The next option you have at your disposal when creating a product is something called "interviewing experts". If you want to automate your product development, simply record or film an interview with an expert, and then upload it to your website for your viewers to see. Plus, you will also want to give your interviewee a copy of the recorded and/or filmed video - so that they can host it on their website also.
Creating a product is easy, but selling them is the hard part. Hopefully by the time you've finished creating your product, you will have your niche ready to go, and ready to make sales as soon as possible. This can be an easy thing to - it's all about implementation on your behalf.
Take these online business tips and use them to profit more in your business.
Good luck with marketing your business online successfully today.
ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit here: Internet Marketing Secrets.