Niche picking and researching

13 years ago

Moses, you may want to grab a trial copy of Market Samurai (keyword research software) to help you with keyword research. There are tons of tutorials and videos on this forum and on Youtube that teach you how to conduct market research. Just use the search function

Thanks

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Pierce

13 years ago

Yeah market samurai is a great tool for keyword research. As far as picking a niche goes, a really simple method is to Google search keywords related to the niche you are interested in. If people are advertising via PPC for it, then there is money in that niche for sure.

My philosophy is on this is not very strict. If there is something to sell and enough people looking for it, I give it a shot. Sometimes it works, sometimes it doesn't.

For example I have a website that sells an eBook for home remedies for a common sickness. At first I had my doubts about it because so much information could be found for free online, but these days it is making me a few hundred dollars every month. I would not have that easy extra money if I hadn't experimented a little bit in the first place.

Thanks

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Evishiko

13 years ago

I see, ok so ill try that keyword searching software
but I still dont get the whole picture, which is WHAT im looking for
I mean, i can throw some phrases on google/keywords programs but I whatever the results I will get, they seem fine because I do not know what I am looking for / researching

by the way, I aquired sometime through a mail I have gotten, a program called Keyword Blueprint 2, do you know it? is it worth anything?

Thanks

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Chris Webb

13 years ago

Hey Evishiko,

The common problem is we as "ideas" people come up with things we think is great and spend loads of time/money implementing a product/service/website, then find out ... no one wants it.

So, the idea is to clearly focus on the market you want to enter, find out where those people gather (eg forums like this one), start talking to them about their wants/needs desires (like you're doing in this post - you're telling people there's a need for niche research advice), and keep doing this until you shape an idea for a niche that actually serves what people want, not what you think they want.

By doing it this way, you develop a following of people who will be super-interested in your site/product when you launch, and become pre-qualified buyers/advocates/affiliates to help you launch your venture.

That's exactly what I'm doing for my site right now, engaging people and trying to work out what they want to help guide me.

Market Samurai etc will help with demand/supply/competition stats, but none of that means people will actually buy your product.

Hope that helps.

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Evishiko

13 years ago

that was very helpfull!
but it has arouse few more questions lol
should I do it 'off the radar'? I mean should I hide the fact that Im asking those questions for a protuct creation?

and if I understood correctly, this is simply a method of conecting my clients-to-be and asking them straight what is that they are looking for, and then providing it (is there a clever way of "saving" those intrested people and connecting them when my product is ready?)
so beside asking questions on forums, is there other way of pre research, say even not including a communication but instead just me researching the market?

but anyway thanks alot chris you have really enlighten me!

Thanks

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AnthonyKrese

13 years ago

I don't mean to be argumentative with @Chris Webb. But I'm going to disagree with him. (By the way Chris, I like your YouTube channel and website...very cool / useful stuff.)

What Chris is recommending is (what I'm going to call) the Silicon Valley Start-up method. You create something big, put a bunch of blood sweat and tears into it...and then try to monetize it. I recommend you don't do that.

First you find out what people are buying (in your chosen niche). You make a similar product better, faster or cheaper. You get your offer in front of those buyers (with a website, social media, blog, advertising, and so on).

In other words, you offer a product / service that YOU KNOW is going to sell (because it's already selling). This way you don't spend months (or years) building something that might not ever make you a dime.

Then here comes the creative entrepreneur part:

AFTER you start selling your products (and / or services) you listen to your customers. Listen to their praises and complaints. Listen and ask for feedback about your product or service.

THIS is where your big idea will come from (your customers). Now you can take some of the money you've made and try to create a "ground breaking" product / service.
Unless you get really lucky, you've got to sell the boring product (or do the boring work) in order to come up with the "big idea" for a "new" product.

--------------------------------

It's also worth noting the trend of big Silicon Valley venture capitalist firms (like Fred Wilson's "Union Square Ventures") want to know EXACTLY how you plan to monetize, right from the start. They finally realized how much time and money was wasted on building a buzz and trying to monetize later.

I mean, can you imagine sitting in front of 10-20 serious business people in a room and telling them you want to start a business. But you aren't sure exactly what you are going to sell or how it's going to make money! Sorry, they'd laugh you out of the room.

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Evishiko

13 years ago

What Chris is recommending is (what I'm going to call) the Silicon Valley Start-up method. You create something big, put a bunch of blood sweat and tears into it...and then try to monetize it. I recommend you don't do that.

I must say I did not understand you right there, I don not see how chris' method is about montetizing later.
isnt the method is only to solidify and assuring my ideas of the product I want to create, and maybe twik it abit according to the future buyer's needs
If I got it correctly the whole process is to assure that it will work BEFORE leaving the planing table and start making the product

Thanks

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AnthonyKrese

13 years ago

You don't need to:

"start talking to them about their wants/needs desires...until you shape an idea for a niche that actually serves what people want, not what you think they want."

"develop a following of people who will be super-interested in your site/product when you launch, and become pre-qualified buyers/advocates/affiliates to help you launch your venture."

You need to:

Choose a niche that interests you and find a product (in that niche) that people are buying. (That's choosing a profitable niche.)

Create a similar product (or pay someone to create one for you) that is better, faster or cheaper.

Drive traffic to your offer.

----------------------------------

You could have a profitable business up and running in a week.

----------------------------------
Example:

Time management is a profitable niche. People buy products about Time Management. You don't need to do any research to find out what "buyers" in the time management niche want or need. We already know. They want to get more done in less time.

Create a course / book / software to help people get more done in less time. It would help sales if your product was better or faster or cheaper than your competition.(Even if it wasn't, you'd still make sales) If you can't do it yourself, pay someone to do it for you. Sell the product.

---------------------------------------

Don't waste time doing research that's already been done for you. Don't waste time building a following for a product that doesn't exist yet.

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Ace1337

13 years ago

The way to find profitable niches is to always think what would sell well on this website.

If you don't know that, you have the Google Keyword tool that shows the Adwords competition. The trick is to find a niche that's competitive with advertisers but not many SEOs.

Those niches are becoming very rare as the serps are getting saturated.

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littledan

13 years ago

To find out what is hot at the moment try Google Trends . Simple enter the search term or niche you are interested in and Google Trends will tell you how much worldwide traffic that term has received. It is shown in the form of a graph over the years, which makes it easier to spot long trends (hence the name).

Also combine this with Twitter trends to see what is being talked about right now. If you find a short term hot topic on Twitter that is also a long term niche on Google Trends with an increasing popularity over time, then it is worth making a note of to research further, ie; competition, products available etc.

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AnthonyKrese

13 years ago

Forget about Google Trends or Google Keyword. If you want to find profitable niches and products go to Amazon, Clickbank, Ebay and see what people are BUYING!!!

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Alexa Smith Banned 13 years ago

Originally Posted by Ace1337

The way to find profitable niches is to always think what would sell well on this website.

On this website?!

You surely don't mean what would sell well in the Warrior Forum ...

That would limit you more or less to the Internet Marketing Advice market, which is one of the very most competitive markets there is, and exclude about 999 other niches from which so many Warriors are very successfully making our livings. Have I misunderstood you?

My thinking on this "niche selection" question always seems to be a little out-of-synchronization with threads discussing it here. I have 8 entirely different and unrelated niches, each of them profitable and every one contributing to my monthly income, and I've never used anything like "Market Samurai" to find them (I'm not criticising the software at all: I've never seen it or been particularly interested in it, partly because I'd hate to build up a business that depends on Google for its traffic: if your business is entirely dependent on Google-derived traffic, then you're always going to be potentially one algorithm-change away from a disaster, as indeed so many have been finding, this year, with the "Panda updates").

I've always found, myself - after excluding the obvious nightmare, high-fail-rate niches like "IM advice" and "MMO" in which one would be competing with the best-established experts and for understandable reasons can have some difficulty being paid commissions, too - that thinking like a customer and looking at what people are regularly spending money on are what really help.

Originally Posted by AnthonyKrese

If you want to find profitable niches and products go to Amazon, Clickbank, Ebay and see what people are BUYING!!!

That sounds far more sensible, to me.
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- Ace1337 13 years ago
  
  Originally Posted by Alexa Smith
  
  On this website?!
  
  You surely don't mean what would sell well in the Warrior Forum ... [/IMG]
  
  By "this" I mean't "the site you're thinking about making".
  
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Marco P

13 years ago

Originally Posted by AnthonyKrese

Forget about Google Trends or Google Keyword. If you want to find profitable niches and products go to Amazon, Clickbank, Ebay and see what people are BUYING!!!

This is what evishico was asking for,help and straight to the point.
excellent job AnthonyKrese.

Thanks

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JCorp

13 years ago

Honestly, any niche can be profitable. There's one fellow who makes about $1000 a month off his eBook on how to make "chicken coupes". Chicken coupes, you know where chickens live? Who would've ever thought that there's a market for chicken coupes out there. But there is.

Though if you want to increase your chances of being successful sooner rather than later, it's better to pick a niche that a vast majority of people are interested in, i.e. weight loss, fitness, health, relationships, make money online, etc. And yes it's good to research before getting started. The best place to research things about the niche that you're in is to join forums and network with others in that same niche. Also it's helpful to see what others in your same niche are doing and how they're going about marketing their product, etc.

Once you have a pretty good knowledge of what and how you're going to achieve your goals, get started. Don't let minor details hold you back...you don't have to get it perfect...just get it going!

Thanks
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Paperchasing

13 years ago

Originally Posted by JCorp

Honestly, any niche can be profitable. There's one fellow who makes about $1000 a month off his eBook on how to make "chicken coupes". Chicken coupes, you know where chickens live? Who would've ever thought that there's a market for chicken coupes out there. But there is.

Not to get too far off topic, but I think you mean chicken coops. A chicken coupe would be a 2-door version of a chicken sedan.

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Rod Cortez

13 years ago

Originally Posted by Evishiko

hello everybody
I have two questions that bother my for quite long time, and I have yet to find an strict answer for them

If I understand correctly it does not matter which marketing method I do pick, most of them lead me straight to the "which niche should I pick?" question.

It should be a "profitable niche" as most says
but who decideds which is one?
what does profitable exactly means?
(sorry in advance for my english mistakes, I know absolutely no grammar, and actually it is all gussing)
Is a profitable niche a big one? a scarce one? an original one? you can fill the rest..

so this is my first question - how to pick a niche? I would really appreciate if you could contribute some practical info, as this is my biggest question and this is basically what's holding me back from starting to get involved in online marketing, and I really do want to strat already..

the 2nd question is somewhat connected to the first one as it relates to Researching
Again, everybody's always telling that no matter what you are doing, what your path in the marketing is, Research the hell of it!
ok.. I will! I really will! hell, analyzing stuff seems very intresting and appealing area to me and I would be glad to base my whole business(to be) on researches of many kinds, but to a newcomer, who did not buy any analytic skills in college nor has any other former knowledge about this discipline,
How should I do it?
and If this is too much to ask then how can I start to acquire those needed skills in order to do it?
you get my point.. I hope!

So... If any of you have any usefull information you can shed on me, I would be very thankfull for that!

(The name is Moses if you wonder..)

Picking a niche is pretty easy. It's one of those processes that people tend to make more complicated than it needs to be. Using tools like Market Samurai, Micro Niche Finder, or Keyword Elite definitely helps, but it's not necessary.

My 3 most profitable niches I discovered by simply asking my own social network of friends, family, and social acquaintances what their passions, interests, and hobbies were. Then I did some basic keyword research using Keyword Elite 2 to see where my potential competitors were advertising. IMHO, it's the most overlooked method of finding niches.

In my experience people seem to have more of a challenge monetizing a niche, than selecting one. Fortunes are being made in a lot of health niches, weight loss, dating, relationship advice, personal development, etc.; these are niches that a lot of people won't jump into because it's too "saturated", when nothing could be further from the truth.

For example, a lot of marketers already know that the dating niche is a very profitable one. You can ascertain that from simply looking at how many marketers and companies advertise in that niche. There are also some very public success stories, Eben Pagan being one of the more well-known ones.

Picking a niche is only part of the battle, you've got to know how to set up marketing systems and sales funnels to make sure you're converting your traffic as efficiently as possible. And that is definitely out of the scope of this thread since there's a lot that goes into it (copy writing, testing conversions, using design to increase conversions, etc.).

I generally research a niche by studying the competition. I buy their products. I use their services. And I check out where they advertise. I also subscribe to any lists that they have. There are tons of tools to do this, one of them is called SpyFu.com and this allows you to see what keywords they are bidding on.

RoD

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Joe Mobley

13 years ago

Originally Posted by Evishiko

hello everybody
lead me straight to the "which niche should I pick?" question.

Moses,

Let me suggest that "which niche should I pick?" is the wrong question if you're trying to build income producing niche sites.

I would recommend that you start looking for profitable, low competition keywords to build niche sites around. I am not concerned about which niche. I am interested in picking good keywords.

But hey, that's just me.

Joe Mobley

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Nicola Lane

13 years ago

A few ideas for picking a niche - for someone who is relatively new and doesn't have much spare cash. (If you have been doing this for a while and have some cash to invest then you may look at things very differently!)

Pick a subject that you are interested in and have some knowledge about.

You will be spending some time thinking about this subject - so it is a good idea to be interested in it! You will probably be sharing knowledge about the subject and recommending products - you need to know something! You will need to research, but it helps to start somewhere and it is a good idea to be able to tell if a product you are considering recommending is good bad or indifferent.

Pick a subject that has multi product potential (don't go too narrow)

"How to get rid of garden moles" is a one shot area, "Having a beautiful garden" offers more scope. You need to have more than one thing to say to your audience. However, don't go too broad, when you try to appeal to "everyone" you end up appealing to no-one.

See if you can find a range of good products on one affiliate network.

I recommend clickbank - because there is a wide range of products, with good commissions, and no big hoops for a newbie to jump through. There are a lot of networks out there, and many companies run in house affiliate programs - but they are not all newbie friendly. In addition to start with sales are going to trickle in, if you need to meet five different payment thresholds it will take a lot longer than waiting for one.

Don't worry about search engines or keywords.

Right now you can't compete for decent keywords - so don't play that game! There are ways to generate traffic that have nothing to do with search engines, start there.

Hope that helps

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jwmann2

13 years ago

You can make any niche profitable if your content is valuable. Keywords are only part of the SEO process. Pick a niche that you are passionate about. It will never seem like work to you and you will succeed.
But if you are looking to get into a niche that makes a lot of money, you will likely fail. Do what you know!

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Evishiko

13 years ago

Thanks, you all clarified some things for me
so looking at it now, I just need to pick a niche witout getting really into it, better be something that im intrested in / know about, and progress in that niche
leaving the researching aside.
the searching should be about products in that niche, that people are actually buying (using amazon, ebay and such.. which I actually have no clue how to but that's for other time I guess)

the research needed to promote my website using SEO method should only come later

still I have one reservation, isn't domain picking(or any prime phrases that I will follow) like the most important thing? choosing it hastily may result in weak business foundations which will either lead me to faillure or a much slower progress?

and that phrases picking is involving research, isnt it?

Thanks

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Nicola Lane

13 years ago

The domain name is vitally important in only two instances:

If you need it for SEO
If you expect it to become a brand that people will type in.

If you are expecting most people to arrive at your site after clicking a link on someone elses site then the domain name isn't crucial.

Find the best name you can but don't stress about it!

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JohnMcCabe 13 years ago

Moses, for someone who doesn't claim much English, you're doing very well getting your point across.

As for your questions, let's keep it really simple...

> What is a "profitable niche"?

a) It's a group of human beings, not 'keywords' or 'trends'.
b) This group has a well-defined need or desire - a wish to fulfill or a problem to solve.
c) This group is willing and able to spend money in order to fulfill their wish or solve their problem.
d) You have one or more products to offer this group.
e) You have one or more ways to effectively get their attention and present your offer.

> About research...

Your initial research is simply finding out whether you can answer all of the above about a given topic.

Look for unsatisfied desires, then see if you can define a niche according to the above. If you can meet all five, you have a potentially profitable niche.

Whether you, personally, can profit from that niche is another subject. One that only the marketplace can answer, I'm afraid.
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Evishiko

13 years ago

im not sure about this one.. as I wanna build a brand, but I guess that won't be the with my first steps in internet marketing.. so that's ok
but as for SEO, I don't want to shut any doors on my way, at least im trying not to, but I guess I can relate less importance to it in order to get going

Thanks alot

Thanks

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John Romaine

13 years ago

Moses, you're asking the right questions.

Before you run off and buy a copy of Market Samurai - READ THIS

And if you're interested, here is how I pick profitable niches. - READ THIS

As with anything, you're bound to make mistakes, and quite possibly pick some lousy niches. Dont stress over it, its all part of LEARNING.

Continue asking questions and take your time.

Its always best to spend 3 months deciding upon the right niche to pick, as opposed to picking the wrong one in 5 minutes, then spending 6 months trying to fix it.

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steven sanderson

13 years ago

Not every niche is profitable so take your time, this is the most crucial point of your business so do not rush.

You need to take a look at various things, what do you know, how can you help people, look at needy markets, how can you solve a problem or make life easier for people.
Emotions play a big part in marketing so take a look at peoples emotions and how you can leverage that to achieve sales, people have wants and needs and the old greed glands are also worth taking a look at.

Take a look at the books "Dummies", these people have done the research for you, all the Dummies books have a market.

But the most crucial thing you need to have in place is how you can get to your market.

You need to make sure you can find areas to get to your chosen niche for as little cost to you as possible to limit the old profit being outstripped by cost scenario kicking into place.

Every minute spent on this part of your business will be saved tenfold later on trust me.

Areas that you should be thinking of taking a look at, here are just a few out of a whole load of areas.

Magazines on shelves,
Dummies books,
Yahoo answers,
Google keyword search tool,
Micro niche finder,
Youtube,
Hot selling Clickbank products shows off a market
Are there forums out there,
Try to stick to Health, Wealth and Personal Development "you only need a small piece of a big pie to make you rich"
Etc Etc Etc.............

Obviously the big one is what all the big gurus make millions out of !! "they sell the money". Everyone wants more cash so if you can provide a way for them to achieve this then you will become the popular kid in the class.

All the best,
Steven.

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jodiesmitham

13 years ago

This thread had some great information. My two websites are related to physical products - children's toys and the other one is hifi/home cinema products. I hadn't really thought about health/wealth etc. It seems overwhelming to even start thinking about keywords for 'losing weight', for example. How would you even compete with the market being saturated?

I really want to be successful with this (and I've already taken the plunge with two websites), but ramone_johnny is right because I am now trying to fix potentially wrong niches.

I want to get the next one right!

Thanks

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Daniel Deegan

13 years ago

Interesting to hear all the different perspectives on niche selection. Personally before I could suggest anything regarding a niche I would need to know more about what you actually want to do?

What type of business model are you interested in developing?

Folks are making different suggestions that are all valid. The problem is they are all geared towards very specific business models.

If your looking to develop & sell your own products then odds are your not going to choose a niche in the same manner as someone who wants to sell physical goods as an affiliate. Or someone who wants to build adsense sites, etc.

Before you pick a niche, make sure your clear on your business model and overall strategy. Some business models are built around you as an actual person or authority which is what Chris Webb was describing. Other models are about the "products", where products are viewed more as opportunities. Either via keywords or gaps in the market you can exploit.

Ideally you want to try and leverage your own strengths, ability, knowledge, experience and personality type within your business model to create a path of least resistance.

In the end it really comes down to what to you want to do...once your clear on that, then focus on the niche. If it turns out your looking to create a product within a niche do exactly what Rod wrote in his post. Simple way to gain some leverage and use the 8020.

Thanks

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jodiesmitham

13 years ago

Oh another thing that has crossed my mind. Using the 'losing weight' example, what would you plan for email marketing? See, I'm thinking you would write an 'all you need to know about losing weight' ebook that you would offer for free in exchange for sign ups. The ebook will illustrate healthy eating with daily/weely eating plans etc. but what would you sell them? You couldn't sell them books because your free ebook will have covered everything you need to know to lose weight.

I guess you could sell gym equipment?

I'm feeling like such a newbie.

Thanks
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Alexa Smith

Banned 13 years ago

Originally Posted by jodiesmitham

what would you plan for email marketing? See, I'm thinking you would write an 'all you need to know about losing weight' ebook that you would offer for free in exchange for sign ups. The ebook will illustrate healthy eating with daily/weely eating plans etc. but what would you sell them?

Maybe better to write a "part of what you need to know" ebook as the opt-in incentive, and then sell them the rest?

But you can sell them all sorts of other stuff later, anyway.

The disadvantages of that market are that everyone's already in it and everyone's seen everything before. (Not that I'm generalizing, or anything). The potential advantages to the marketer are that it's limitless, and that fewer than 1% of overweight people ever manage to lose weight and keep it off successfully, in the long term. It's not a problem that ever gets resolved, for most people.

According to the good Dr Kessler and so many others.

Originally Posted by jodiesmitham

I'm feeling like such a newbie.

Try not to lose that: it'll be very helpful for you, and possibly prevent you from swallowing a lot of wholesale "information" about internet marketing which leads so many astray.

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John Romaine

13 years ago

Originally Posted by jodiesmitham

Oh another thing that has crossed my mind. Using the 'losing weight' example, what would you plan for email marketing? See, I'm thinking you would write an 'all you need to know about losing weight' ebook that you would offer for free in exchange for sign ups. The ebook will illustrate healthy eating with daily/weely eating plans etc. but what would you sell them? You couldn't sell them books because your free ebook will have covered everything you need to know to lose weight.

I guess you could sell gym equipment?

I'm feeling like such a newbie.

Jodie, what are you REALLY knowledgeable in?

Ask yourself this question - often, you can sell your knowledge on a certain topic in the form of training, or a course.

Thanks
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JohnMcCabe

13 years ago

Originally Posted by steven sanderson

Both of your niches seem to be of a luxury nice thing to have niche, this is great but obviously in a world climate like today this market may be somewhat diluted.

You need a needy hungry market, a market that simply needs your product whatever.

To your success,
Steven.

'Tain't necessarily so, Steven, at least not in the USA.

This article, published yesterday, gives a few examples:

Indulgent Consumers Are Buying More Handbags, Fewer Diapers - Yahoo! News

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Rick88 13 years ago

Evishiko,

There has been a lot of debate over go for the keyword first or go for the niche first. Think of niche as a market or a product or products that people will buy. To determine this a lot of people will say go to a store and see what is for sale there or just pick something that you are passionate about. I have found over the years that a lot of people are asking me how to pick a niche. They will do what the alleged gurus tell them to do but they are still lost. This is also why ClickBank has been used as a starting point for people. It is easy to use and easy to get started. I think you should consider the three main ways to make money online first. They are Ecommerce store, Affiliate Marketing in physical products such as Amazon, Affiliate marketing in digital products such as ebooks and videos, or offline business where you help do online presence promotion. Once you have decided that then you can start to determine what niche/market you want to pursue.

I have seen that ecommerce stores and offline marketing are the quickest bigger money makers. Ecommerce stores have the problem of discovering dropshippers who will ship your product for you if you are not selling something you make. You also have fraudulent purchases and have to deal with customers who are difficult. If you have a brick and mortar store you would deal with this and even theft. There is no easy business and even with this you will make good money if that is what you want to do. You find these products by looking at physical products and seeing what other online stores are selling. These can be anything from train horns you put in your car to bridles for horses, You just need to consider the cost of the product and how much you can sell it for and still make a profit.

For physical products which are easier to sell such as being an Amazon affiliate you will make commissions on what you sell. This way Amazon has to deal with all the customer issues you may not want to deal with. As to digital products you can look at ClickBank, go to Discount Magazine Subscriptions & Deals | Magazines.com, see what the trends are in Google Trends and see what is popular. If there is a magazine on it then it is more than likely a market. There are other places to get ideas from. Just remember that in the Warrior Forum it is mainly in the Internet Marketing niche whereas you can have niches in building chicken coops, how to train your parrot, how to train your dog, how to get rid of acne. Once you select something then google that and see if there are others running ads trying to sell that type product. If there are then you can try to develop that.

Of course if you are deciding to do offline marketing where you sell services to an offline business (since you said english is not your first language this is a brick and mortar store). This would be selling them a service on how to get them ranked higher in Google Places, getting them to rank higher for certain keywords using SEO (search engine optimization) or PPC which is paid ads. In this instance you would use niches like lawyers, doctors, painters, or plumbers.

I am thinking you want to do affiliate marketing so go to Google Trends and Make Money with ClickBank | ClickBank Affiliate Marketing | Click Bank Trends and Analytics as well as Discount Magazine Subscriptions & Deals | Magazines.com sites to start with and get some ideas. Get about 10 different niches. That way if they a few don't work out to be usable then you won't have to redo the research again.

I may have covered far more than you asked and you may know a lot of this already so if you do I do apologize for the repetition. In my experience with new people to this business they suffer from information overload and don't get a clear picture up front. Of course this could be more I depth but this is a course worth to fully describe.

I am thinking you want to do affiliate marketing so go to Google Trends and Make Money with ClickBank | ClickBank Affiliate Marketing | Click Bank Trends and Analytics as well as Discount Magazine Subscriptions & Deals | Magazines.com sites to start with and get some ideas. Get about 10 different niches. That way if they a few don't work out to be usable then you won't have to redo the research again.

I hope this helps you out.
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steven sanderson

13 years ago

Both of your niches seem to be of a luxury nice thing to have niche, this is great but obviously in a world climate like today this market may be somewhat diluted.

You need a needy hungry market, a market that simply needs your product whatever.

I know a woman who makes a small fortune out of simply selling an ebook on how to help babies sleep through the night, she is selling week in week out.

If you can start out with something that you know a little about then this will help you to feel your feet. We have been in this for over 2 years but a few months ago we set up a simple process through youtube selling a little information product i know about, we are currently on about 11,000 views in around 6 months, and it brings in regular automated income week in week out.

Remember if the market is saturated then do not worry, utilize this to gain what your customers want, look at your competition, there is always more than one way to skin a cat, and its up to you to do it bigger and better !!

Things are ever changing and if you can stand in front of the next big thing then you are on the hot road to success.
Stay away from niches that are made of jelly !!, products say to do with social media, Facebook, etc etc, these areas will always be changing as each platform tries to keep up with the next, this will result in a whole load of work for you and your product could become dormant over night.

All the best to your future online success, it is not always easy, but like i used to tell my wife back when we first started, "if it was easy then everyone would be doing it and there would be no profit in it for you".

We went on to create niches in various areas and still bring in an income in those same areas today, this in turn has helped us to build our new niche area.

To your success,
Steven.

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sbucciarel

Banned 13 years ago

I always start niche research with both keyword research and product research. I use Market Samurai and Micro Niche Finder for keyword research, plus Google Adwords keyword tool.

Finding a product is the most important part ... if you don't have a profitable product to sell, the keywords won't help you much.

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malta

13 years ago

Moses,

check out this quick guide from Viperchill: Keyword Research: The Ultimate Guide

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steven sanderson

13 years ago

Be more specific !!, weight loss for everyone is to general for a beginner, also people like to hear that you are talking to them in particular, a lorry driver probably wouldnt look twice at a diet product for everyone, but if he saw an article which said "The lorry drivers FREE bible to slashing your excess fat in just minutes per day" get the drift !!

By the way i love FREE !!, you can make so much money with the word FREE !!

Steven.

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Marco P

13 years ago

This is what makes the Warriorforum what it is,
just the best IM forum.

Thanks

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Evishiko

13 years ago

wow rick.. im speechless!
Thanks alot for that comprehensive guidelines
you have surely opened my eyes a little bit

I was sure that im going on the digital affiliate route and then maybe moving onwards into physical products, who knows
but now im not one hundred precent sure about it.. maily because of the language barrier. you see, I can communicate and get my points across (even though I have to jump quite alot to the dictionary for spell checks and such)
but I'm afraid that I wouldn't be able to make good enough trainings, videos, even just ordinary articles.. I mean, yes I can do it, but im afraid that not up to the appropriate level in order to push that extra mile towards the awaited sales

and on the other hand, I dont really see myself consulting to businesses,
firstly because im not confident enough(I mean at all) in this area
and secondly because it isn't as appealing to me.. at the moment, maybe later on I will find myself doing so

as for ecommerce, that just scares the hell out of me, I have no clue about how this business works and to be honest I never found this compatible to me, I can't really explain why

I think i'll think a little more about all of it, maybe I should purchase access to the war forum, where things are supposed to be more orginized and comprehensive so i'll be able to aquire the foundations needed and be more confident about them

Thanks
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Rick88 13 years ago

That is totally ok. It is scary if you don't have any training under your belt. I remember it took me 3 years of trying and failing because no one explained what it was all about. However there is hope for you my friend.

I don't know what country you are from but try marketing there and in your own language. As for English it doesn't have to be perfect. If I might make a suggestion here for you,
You could sell Amazon as an affiliate. It would be easy to let them do all the sales as you just you just create a wordpress site, get the Warrior Forum WSO product that does WP Amazon. I am sorry I didn't find it when I was looking. Maybe someone else can help us out here.

Now if you want to do your own product, write it out and use sites like fiverr.com and the Warrior forum to have it done in video. You could consider a partnership where your partner could do the videos. for you if you write it or write it together. You seem like a resourceful person so always look for alternatives or even ask here on the Warrior Forum for ideas. Lot of very helpful people here.

Hopefully this can be of encouragement and help for you.
- Thanks
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Nicola Lane

13 years ago

There has been some great advice in this thread, and I think I speak for a lot of us is saying well done on your attitude Moses. Keep going this way and you will have floods of people offering you help and advice whenever you need it.

However, I also want to give you a small caution!

Don't fall prey to the twin perils of perfectionism and "paralysis by analysis".

It is important to do your research, learn the fundamentals and make a plan so that you aren't just jumping into deep water without a flotation device. But you can spend too long in analysis - and get paralysed by it, you can become unwilling to get started until you have the perfect plan.

Don't expect your first go to fail - just don't expect it to be perfect. Sometimes your first efforts are the best teacher, you can learn more in a few weeks of doing than months of studying.

Good Luck!

Thanks

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Evishiko

13 years ago

my first language is Hebrew, and sadly all i've seen till today concerns to hebrew online marketing, there is not of market (as far as affiliates, in CPA and such I really don't understand, even though I know there are some networks here in israel)

most cases that I see in here, are gurus or claiming to be gurus that almost none of them invest energy in marketing to israelis
plus the claims are the the conversion rate as far as marketing in hebrew goes are very very low, especially compared to the ones abroad.. which is to be understand because the israeli's mentality is alot more different
they aim their guns to the global market, and sell lectures, and convenions while really overpricing these.

I was thought i'll make that thread, verify some stuff, and have much better starting point than the opposite way
but it turned out I came out worse than I came in, and im really not sure of myself and my abilities of succeeding online - which is the main thing im seeing myself doing, I can't see myself aiming to anything else but Economic independence
especially with the current financial situation in my country

Thanks

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Jason Ladlee 13 years ago

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- The Niche Man 13 years ago
  
  A lot of good advice and warnings to be aware of in this post. But I would like to take a slightly different approach than the rest. I'd like to urge you to first ask yourself "what do you like to do", before looking for a so-called niche.
  
  A good acid test would be, what kind of business would you do if you didn't get paid. And then go from there with the other advice given in this thread.
  
  Because if you're doing something you love to do you'll automatically do what many in this thread have suggested. For example, research, study and most of all persist.
  
  Many newbies fall prey to first searching for what they "think" have made others money as their top priorities. And when it doesn't do it for them (which happens most of the time) they fall into bouncing from one shiny opportunity to the next.
  
  Just like Jcorp mentioned, almost any niche can be profitable. But one of the keys is loving what you do with a passion first. If you miss that step it's a harder road all around. Result? You'll be chasing money opportunities like a carrot on the end of a stick until you either run out of money or patience. Just a thought to keep in mind.
  
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njouze

13 years ago

I have to say that big niches are not necessarily good niches. They might just be overcrowded niches. When carrying out your marketing, key word research is necessary and it is paramount that you get hold of some software like market samurai and stealth. No matter what people say about Google ad words, when put together with stealth, it works for me.

Thanks

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Evishiko

13 years ago

I understand..
I at the moment try to map my skills, the things im good at, and the things I love to do in order to keep moving further
but i'm also having trouble with this.. it seems that out of sudden I ain't good at anything, do not have any skills worth noticing, and there is nothing I can think of that I love

but thinking again, I can come up with two things That can "define" me
the first one is teaching/guiding. since I was much younger I found myself understanding any material the best when I try to teach/explain it to other
people also seem to understand fairly well my explanation.
for these reason I thought at first of trying the actual IM niche, because that is just what Im learning about anyway, and because it involve teaching others

but I have read alot of warnings saying that a beginner should not go on the IM niche as his first one, he should prove himself (mainly to himself) and then it will be much more effective to try
plus the fact that this is a very competitive niche in which im competing with the best of what they are doing because.. its internet marketing..

and the other thing I love is money. lol..
economic, finnances, to be honest I do not know MUCH about it, but I absolutley love this area.. this is what im going to learn as a major and If it was a good niche to start with that would be awesome!

oh.. I also love music alot(played and still playing but not often the guiter) but I don't know what does it good for

what do you think? are these areas enough? should I dig deeper? what can I squeeze out of these interests?

In the IM its easy to think of what can I promote/create myself
but as I start to think of other niches.. my brain tabula rasa! I can not think of anything beside a basic freebie which can explain the area

Thanks
1 reply

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kevin jackson

13 years ago

Originally Posted by Evishiko

I understand..
I at the moment try to map my skills, the things im good at, and the things I love to do in order to keep moving further
but i'm also having trouble with this.. it seems that out of sudden I ain't good at anything, do not have any skills worth noticing, and there is nothing I can think of that I love

but thinking again, I can come up with two things That can "define" me
the first one is teaching/guiding. since I was much younger I found myself understanding any material the best when I try to teach/explain it to other
people also seem to understand fairly well my explanation.
for these reason I thought at first of trying the actual IM niche, because that is just what Im learning about anyway, and because it involve teaching others

but I have read alot of warnings saying that a beginner should not go on the IM niche as his first one, he should prove himself (mainly to himself) and then it will be much more effective to try
plus the fact that this is a very competitive niche in which im competing with the best of what they are doing because.. its internet marketing..

and the other thing I love is money. lol..
economic, finnances, to be honest I do not know MUCH about it, but I absolutley love this area.. this is what im going to learn as a major and If it was a good niche to start with that would be awesome!

oh.. I also love music alot(played and still playing but not often the guiter) but I don't know what does it good for

what do you think? are these areas enough? should I dig deeper? what can I squeeze out of these interests?

In the IM its easy to think of what can I promote/create myself
but as I start to think of other niches.. my brain tabula rasa! I can not think of anything beside a basic freebie which can explain the area

I'm no expert but it does seem as if you are getting more and more confused the more information comes in and doubting your own skills and abilities which makes you more fearful. The conflicting advice that disagrees with other methods can also be understandably confusing and can paralyze you further with more fear.

There have been some great answers here but for a complete newbie this can understandably overwhelm them.

Starting a business should begin with you first. Do you just want to make the most money and profit in any niche as fast as possible or do you have an area that you are already passionate about? The more specific you are and more honest and knowledgeable about what you really want specifically or at least a general direction then the more specific help people can offer.

You also claim to have a language barrier that is a major factor in how confident you will be and what you have to offer. You also mentioned the non US market specifically Hebrew or Israel. You see how this focuses more on you, your skills, your passions and your situation and circumstances?

You weren't very specific about whether you wanted to create your own product or market existing products physical or digital. You could also market services.

You also mentioned that you have an interest or a passion for financial topics. You weren't that specific but it sounds like you have an interest in things like stocks, mutual funds, investments, commodities, bonds, currency markets, real estate, credit repair, personal finance, money management, financial services, financial planning and things like that. I myself am interested in some of these financial areas.

You may not have much knowledge in those areas but you said you do have a passion or interest in those areas. If that is true and you are a newbie then it looks like you may have your answer. I fall into the non-Google camp if there is such a word. I have nothing against Google because I use them extensively myself and it is a great resource. I just fundamentally do not like the idea of putting the failure or success of my business in the hands of one search engine company no matter how big they are. The second reason is because mastering Google is largely a very technical process of learning numbers, formulas and algorithms of Google, keywords and on and on.

There is nothing wrong with learning the technical intricacies of SEO it just isn't me. My preference is social media or relationship marketing. I also prefer direct marketing like classifieds and other direct sales or direct marketing methods. Google to me is a necessary evil but regular content distribution and other things will naturally put you in the Google serps.

That's just me. The focus should be on what you want and who you are and also where you are physically, geographically, culturally and professionally since you want this new business venture to be your new career. You also want to get into the minds and hearts of your future customers through some agressive market research. The Internet is just a communications tool or just another business medium for you and your customers.

So all of this boils down to finding your passion or interest and learning how to monetize that with some market research way before you start picking out domains and keywords. Ebay, Amazon, Clickbank and magazines.com which were mentioned earlier would be some great places to start. These are real human beings who are already spending money buying things they passionately need or want.

Niche specific forums would also put you in some communities that are already passionate about your topic. You could do some polls, surveys and various types of market and product research there. You can be honest and upfront about it. there is no need for stealth tactics. These may be your future customers.

Just some thoughts and observations that may be helpful. This is a time for introspection as well as market research.

Thanks

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AlexF

13 years ago

Hi there Moses!

You got some great suggestions here and of course some people are disagreeing... The reason is that everyone is different and what works for some doesn't work for others...

Some people like to pursue a niche they are passionate about and to do a lot of the work themselves -- others don't really care which niche to enter as long as it has low competition and they can outsource most or all of the work.

My point of view is:
- The research you should be doing is not about a specific niche but about what kind of marketer you should become (what kind of work you'll find exciting and want kind of work will bore you).
- This can only be achieved by doing.

So from my point of view - stop spending time finding the right niche and start building.
Pick any random niche and start working - you'll learn so much from the process and don't be afraid if things don't work out the first time... The goal should be to learn from the process so that you'll know what kind of marketer you should become.

These are my 2 cents

Best of luck!

Alex

Thanks

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Evishiko

13 years ago

Kevin thanks alot, apparently you read all this thread and did not miss even one point
you clearly read my thoughts correctly,
I'll try to be more specific now and answer honestly about the questions you have asked

I dont want to depend on anyone else but myself. therfore I wanna make a career online and realy build up a true business
Because this business to be is something im taking serious, I certainly want it to be around something that I love.

I indeed do not know much about finances but i will learn about it wether Ill succeed online or not, so I take it as a given.
I really like teaching and I will also see myself speaking at conventions in the future, so I guess that could be a one way I can achieve teaching with the online business

now for the honesty part.. I DO want to make alot of money in short time of course
BUT.. I will only be glad if it would happen. I'm not rushing it.
I wanna build Thoroughly a highly profiting online(maybe combined with offline later on) business that I love

Im not sure about the model
as you know im just starting and I haven't been exposed to all of the common business models, but I did exposed mainly to affiliate marketing, which I like(If anyone has a source elaborating these I would be very thankful)

dont catch me on terminology because i'm no expert, but I sort of call physical/digital promoting, product creating, CPA and few more terms that I cant remember right now, all affiliate marketing.
Im not sure what exact method I would like to pick, but I do belive in relationships with the customers, staying honest all way long, and most of all - staying and delivering myself.(do you think that if that is the way i pick, I can get some easing with my language difficulties?)

That's about it.. I'm not realy sure where should I go from now but I have learnt not to relate that big importance to researching and niche picking but to go with the inner me and make it work from there

Thanks

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Anthony W

13 years ago

Here's my niche research process for adsense/amazon sites that's worked well for me:

Using Google KW Tool...

1. 1600+ [exact] local monthly searches
2. If it's an Amazon product - must be over $100, 75+ customer reviews, average 4/5 stars. If it's an adsense site estimated CPC must be over $1
3. Exact match domain available (.com/.org/.net) - Export all the KWs that meet this criteria to CVS, remove brackets and spaces in excel, and run them through namecheap's bulk domain name checker.
4. Run through Market Samurai competition checker
5. Double check with Google trends/insights to make sure the KW isn't decreasing in popularity

Tip: to search for hot amazon products, use this custom footprint in Google search:

site: amazon.com "price: $100..5000" "75..5000 customer reviews"

Hope this helps

Thanks

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blogworker

13 years ago

there are so many information here.
i want to say something in my opinion, or what i do.
first, i think, every niche can be profitable, if you find the good way to go, i think the most important thing is to find what you are good at, at least, interested in, only this kind of niche that you can insist on for long time. and next is to find the profitable way for your niche.

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dagaul101

13 years ago

Profitable I would take to mean that the keywords for the niche are getting a lot of traffic, and can convert well, ofcourse it will mostly take trial and error to figure the second part

Thanks

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ThereIsAlwaysHOPE

12 years ago

A niche is only as valuable (to a marketer) as the demand behind it.

there's only two things you need to consider when picking the niche:

1) the demand of the niche, aka traffic.

and

2) buying power, whether traffic are just searching for information, or buying.

then keywords play a hug role in getting you that conversion (aka money

).

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Niche picking and researching

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