How to Find Your Profit Niche
Decisions, decisions, decisions. The first step to find your profit niche is doing your keyword research. There are millions of websites with thousands of them in competition for the same keywords.
Niche Keyword Competition Analysis
To find your profit niche, you have to analyze the competition.
How do you find about about your competition? How much competition is out there that cover your niche?
There are several ways you can find this out. I'll use Google as an example to walk you through this.
1. Go to Google.com and do a search for several keywords related to your niche.
2. In the search results you'll see how many results are displayed. Search to see if there are any popular sites, if so I would recommend you choose another niche. Using the phrase "how to sew" you'll see there are 61,400,000 results when doing a Google Search.
3. Next, go to the Google Adwords keyword tool and search for your niche using several keywords. Let's suppose you want to build a website to teach people how to sew. The keyword we are going to search for is "how to sew".
4. You'll see in the results that the keyword how to sew had 6,120,000 searches per month with medium competition.
5. Scrolling down you'll see more keyword phrases for the niche "how to sew". Notice the global monthly searches for "sewing projects for beginners" is 9,900 and has medium competition.
Niche Recommendations
- My recommendation is to not pursue a niche if the global monthly searches are less than 5,000 and if the competition is relatively high.
- In your search results, check to see if there are any well-known sites that could be the main competitors in your niche.
- If you do find a well known site in your search results, select another niche where the competition is not as great.
- Don't get discouraged, your keyword research skills will improve over time. Practice makes perfect!!
Niche Dont's
- To find your profit niche, don't only focus on the numbers. If the niche has a variety of long tail keyword phrases that are in demand, it's still a niche you can win.
- If you choose to use Site Build It to host your site, the package comes with a Brainstorm It tool used in keyword research which takes the pain out of your keyword analysis to help you find a niche that will lead to a profitable business website.
- Don't just build a small website and then move on to the next niche and build another. That's not how it works.
- Once you start getting targeted website traffic, you need to regularly update your pages to keep the content fresh and your audience satisfied.
- You don't want to do that for 8 or 9 websites. It will drive you bonkers.
Affiliates
- To make your niche profitable, you'll need to monetize website traffic. If you aren't selling hard goods, the best way to monetize your website is to promote an affiliate product.
- Check out the affiliate networks below to see if there are any affiliate products you can promote on your website.
- There are several affiliate networks you can join. To name a few, there are:
- Clickbank
- Commission Junction
- Share a Sale
- LinkShare
- Before you monetize your website, you want to have at least 30 good quality content pages.
- In addition to promoting affiliate products and links, you can also join ad networks such as Google Adsense.
- Google Adsense is the most popular but there are other alternatives.
- Be sure to read each networks terms and conditions before posting ads on your site. Being banned from an ad network cuts into potential profits.
In summary, you want to make sure there are ample search requests for your chosen niche while not too much competition. Once you select your niche, make sure there are options to monetize your website traffic when your site is up and running.
When you find your profit niche, you are already way ahead of the competition.
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