Friday, September 11, 2009

Find Profitable Niches

Hi Isyaias,

It's time for your second lesson. I hope you found lesson
one informative and that you are ready to get started
researching topics for your new information product.

This is one of the most talked about subjects in Internet
marketing and can be like the search for King Solomon's
mines.

The good news is that it really doesn't have to be that
difficult and you can find profitable niches with ease. 
It just requires you to think slightly outside the box.

This step is the exact method I use to find profitable
niches and is pretty easy to do!

The first thing you need to do, especially with your
first product is find a niche that interests you.

This is not always the case and there will be plenty of
profitable niches that don't really interest you at all,
but with your first product it is a good idea to find a
niche that you have some sort of interest in. It will
make the job easier for you.

If you are having difficulty thinking of a good niche
that you have an interest in, the best thing to do is
think about your hobbies.

Just think of things that you enjoy doing like cooking,
playing computer games, fishing, DIY, Ebay, collecting
stamps etc...

Another thing I should mention here is try not to spend
too much time thinking about this as it can prevent you
from taking action!

Ok, so once you have got your niche the first thing you
need to do is see if it is profitable and people are
looking for it!

Remember don't spend too much time on this just think of
something you have an interest in and move on to the next
step.

The next thing you need to do is determine how many people
are searching for your niche.

To do this you will need a good keyword tool like the one
found here: http://freekeywords.wordtracker.com

There are many more that you can use and you can find them
by doing a quick search for "keyword tool" in your browser.
But for this course we will stick with the one above because
it's fast, free and easy.

Now, perform this test. Go to the link above and type in
your main topic, for instance dog training.  When you click
the button you will see a list of the top keywords on that 
topic plus how many times the words have been searched for.

By performing this search you will be able to get a good
idea if the niche you are interested in is a popular one
with lots of people looking for products related to it.

Keep in mind that your niche search results should have
more than 1000 searches per month at the very least 500.
This is a rough estimate, but it will still give you a
good idea of whether or not you should move forward in
that niche.

If you did the test above, you've seen that the top main
phrases associated with dog training are:

free dog training tips
dog training collars
in home dog training
dog training collar
dog training tips

At least they are at the time I am writing this. Results
will vary.

So you should now do the same with the topic of your choice
and pick the top 5 phrases that are being most searched for
in your niche.

If you followed the above steps and your niche has less than
500 searches per month then you may want to find another
because it may not be worth putting the work in to creating
a product on that topic if there are so few looking for it!

So if you have a very small niche, try and think of another
niche with more search results.

Once you have found a niche with a decent amount of search
results move on to Step 3 where we will find out if your niche
will make you money. we will cover that in your next lesson.
So be sure to look for it!

Again, I appreciate your joining me for this short ecourse.

Shelby Carr

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