My Turn to Give Back: Here's a Quick and Easy Way to Find a Profitable Niche

24 replies
Hi fellow Warriors,

Not all that long ago, the only threads I was posting in here were to the tune of ''Please help me to ....'' or ''How do you ....'' etc.

Now, after being in the IM scene for a while and taking in everything I could in the phenomenon that is the War Room (what's your excuse for not being a member?), I finally feel free of the ''newbie'' status I labelled myself with.

I now have 4 websites (3 of which are not in the IM niche) and I am working on my first product launch.

After receiving so much from this forum, its now time for me to start contributing and giving back to the forum.

This little research method is probably well known already, but I am sure there are plenty of newbies who are struggling to find a niche to get started in and could benefit from this tip.

So here it is:

1. Go to flippa.com, go down and click on the ''Just Sold'' tab. You will see a list of websites that have recently been sold.

2. Go through the first 5 pages, listing with a pencil and notepad which niche market each website listed is in. Visit the websites to see if they target a niche in general or if they target a specific micro niche (e.g. is it about skateboarding in general , or about wheels for skateboards?)

3. Go through the list you've made and make a short-list of the top 4 or 5 niches that appear most

You should now have a choice of at least 4 possible niches to work in. The nice thing about this method is that since you know people are prepared to buy websites in these niches, you already have an indication that they are profitable niche markets to work in. But remember, its always advisable to do as much market research and analysis as possible.

If anybody else has any quick ideas to quickly find a niche market, please share them here.

All the best in your marketing efforts...
#back #easy #find #give #niche #profitable #quick #turn
  • Profile picture of the author vetzkov
    Hi Nick!

    Great post with a great idea mate. I haven't used that method yet. Cheers for sharing.

    Best of luck!
    Tsvetan Vetskov
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  • Its not a bad idea, and Im no pro by any means.

    But isnt it possible that many of those web sites will fail? I suppose it is a good starting point, and only a little more.
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    • Profile picture of the author Nick Lotter
      Originally Posted by Get Inspired Today View Post

      Its not a bad idea, and Im no pro by any means.

      But isnt it possible that many of those web sites will fail? I suppose it is a good starting point, and only a little more.
      Well you're right, any website could possibly fail, but thats why I said that its always advisable to do as much research as possible.

      As with any new business venture, you have to do your own due diligence before going full steam ahead. What this method provides is, as you correctly point out, a starting point. You can identify niches where people are buying websites, and then ask yourself:

      1. Why are people buying websites in this niche instead of building a site from scratch?

      2. Why do people feel confident enough in this niche to invest money on an established website?

      Most times, if there are a number of websites in a particular niche being sold, it is an indication that that particular niche is quite hot at the moment (building a new website would take time to build up), and profitable since people are prepared to invest in it.

      You can use this as a starting point, and then decide what to do from there. If it's a niche you know a lot about or have an interest in, you may want to build a new site from scratch and run with it. If not, you could always build a site with good content and sell it for cash.

      Thanks for the post!
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  • Profile picture of the author MacS09
    Thanks for your tip, Nick.

    I suppose, once flippa has been checked out, one can take the keywords of the sites and go to the Google keywords tool. As long as there are at least 1000 searches per month, the competition isn't too overwhelming when checking out on Google, and there are paid ads on the page, chances should be reasonable that the site could generate revenue.

    I recently did a sort of reverse of your procedure with one of my sites that's been dud. I checked the keywords, searches and competition and discovered that a few of the leading sites on Google page 1 were set up for sale between $900 and $6000. If they're asking that sort of money, there ought to be potential. Conclusion: I'm developing my site now .
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    • Profile picture of the author Nick Lotter
      Originally Posted by MacS09 View Post

      Thanks for your tip, Nick.

      I suppose, once flippa has been checked out, one can take the keywords of the sites and go to the Google keywords tool. As long as there are at least 1000 searches per month, the competition isn't too overwhelming when checking out on Google, and there are paid ads on the page, chances should be reasonable that the site could generate revenue.

      I recently did a sort of reverse of your procedure with one of my sites that's been dud. I checked the keywords, searches and competition and discovered that a few of the leading sites on Google page 1 were set up for sale between $900 and $6000. If they're asking that sort of money, there ought to be potential. Conclusion: I'm developing my site now .
      Thanks for sharing that! You could also look at the sites in the top niches that are selling for top dollar and get ideas on what makes a site valuable. What do the higher priced sites have that the lower priced sites in the same niche don't?
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      • Profile picture of the author Kiran Ali
        Thanks for sharing Nick!
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  • Profile picture of the author spearce000
    Sounds like a great tactic. Thanks for sharing.
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  • Profile picture of the author JustMint
    Yeah does sound good and, like you said, following up with good keyword research really help with decisions.
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  • Profile picture of the author Kiran Ali
    Btw I am a new warrior and I don't know how to *thank* someone is the post. Is there a button somewhere on this page that I can't seem to find?? :confused:
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    • Profile picture of the author semmyw
      Hi Nik thanks for your information
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    • Profile picture of the author Nick Lotter
      Originally Posted by Kiran Ali View Post

      Btw I am a new warrior and I don't know how to *thank* someone is the post. Is there a button somewhere on this page that I can't seem to find?? :confused:
      You're welcome! Just look to the bottom right of the post you want to say ''thanks'' for, and hit the ''thanks'' button.
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  • Profile picture of the author Jordan JD
    Thanks for the Great Tip Nick. I am currently in the newbie status you described and i hope to be able to label myself something else soon.
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  • Profile picture of the author babarapho
    Masterful tips. Good keyword research is the key to internet marketing decisions.

    Thanks
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    • Profile picture of the author butters
      Yeah I use this to re-enforce my research but I only use it as that. The main reason why I don't take it as a good place to look and only use it to re-enforce my research, people are stupid with money... Because they bought a site in a niche, doesn't mean there is a niche.

      Personally if you want a quick and easy way to find a profitable niche, ebays top 10 is the best way. There are of course more ways then ebay :p amazon, CB and so on.

      Thanks for sharing ofc .
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  • Profile picture of the author Zeus66
    Butters nailed it. It's a good tip on the surface, Nick, but people need to understand that a lot of site buyers will buy anything making money - even a tiny bit of money. I don't know if I'd put a lot of stock in the sites being bought as an indicator of how good a niche will be for the person creating the site. Site buyers go with what's making money more than anything else, regardless of the niche.

    I like to use sites like Ebay Pulse to get a quick idea for a niche to go into as the site builder/marketer.

    John
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  • Profile picture of the author Nick Lotter
    Thanks for your input, Butters and Zeus66.

    What you say makes sense. I think I must just reiterate once again that this can be used to generate ideas and get creative juices flowing, but that you would obviously have to do more in depth research of your own before going full steam ahead into any niche.

    Thanks again for your input
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  • Profile picture of the author petelta
    I'm with John here. I've never used flippa but its a good idea to find niche ideas. Just make sure not to stop there. Like John said, check out ebay pulse. I also like to check out the hot sellers on Amazon and clickbank. Research never hurts.

    Travis
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  • hey nick,

    great stuff!

    I'm always interested to learn new methods to uncover profitable niche markets. This is definitely a method that I am hitherto not familiar with, thanks for sharing!
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    • Profile picture of the author condra
      Surely, choosing a niche which you already have a background in, will help you. Health is a profitable niche but I wouldn't touch it with a pole because I know nothing about it.
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  • Profile picture of the author E-supreme
    I have been using the flippa method alright. However, I look at sites making income of roughly $200+ monthly gained from rankings only.

    I then proceed by checking out the keyword using different tools to see if it is worthwhile.

    I then do a competition analysis and if its easy rankings I create a site around it.

    If a site is getting their income from seo and you can compete this works perfect, however for someone who is completely new, this method may not work.

    Great post and it is something that many people overlook when doing research.
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  • Profile picture of the author neodarth
    Is an excellent complement to other methods, combined with amazon, ebay and other tools, you can make a bullet proof blueprint on niche finding.

    Research and track, two things highly underated by those who fail.
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  • Profile picture of the author jbsmith
    Interesting technique Nick - another way to get at niche markets for sure. What is interesting is to check these sites out and look at the monetization methods, to me that is the most powerful. For instance, once niche suggested teh main monetization method is a Clickbank product, when I dig in a little deeper on the CB product I find it has a very low gravity and not likely to be a big seller...unless I could find a better way to monetize that site, doesn't seem like a great opportunity.

    Certainly another way to come at niche finding though...thanks.

    Jeff
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  • Profile picture of the author pyles
    I have been looking for a way to try and find good niches, thanks for sharing OP (and the rest of the great info following).
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  • Profile picture of the author lulu25
    Hi,

    Thanks for the post. It's great for newbies like me who are new to affliliate marketing. I have learnt something. Thanks
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