It's the biggest mystery of making money online. How do you find that killer money making niche that is going to get prospects flocking to your site, money in hand, ready to buy? Well, believe it or not, the process itself is quite simple. I didn't say it was easy, as there is a bit of work involved, but it's simple. There's a difference. The difference is there is nothing in the process that is so mind bending that it should present a problem to anybody. This post is going to briefly cover the process of finding a good niche.
First step of the process is keyword research. Every good internet marketer will tell you that there is no way you can know what people want unless you actually look to see what they're searching for. You're looking for keywords that have a substantial number of monthly searches to warrant going after that niche. If you're tackling a market where there are only a few hundred monthly searches, there is only so much income you're going to get out of it, no matter how good or bad the competition is. As far as keyword tools go, probably your best bet is to go with the Google keyword tool even though you should remember that none of them are perfect
Next step is to go to the Google search engine and look up your potential keywords, in quotes, to see how much competition there is for that keyword. The reason you use quotes is because this will give you ONLY the sites that are optimized for that keyword. The actual number of sites doesn't matter. What matters is the KEI, or keyword efficiency index. This is calculated by taking the number of monthly searches, dividing them by the number of sites and then multiplying by the monthly searches. If the resulting figure is 100 or greater, this is a viable niche.
The last step is to actually see if there is a real demand as far as people who have money to spend. Many keywords, such as "make money online free" suggest that the person is looking for free ways to make money online and therefore, have no money to spend. You need to keep away from these keywords. Also, you want to go to forums in that niche to find out what people actually want. That is the only way you're going to discover what product to create to service that niche or if there is an existing product that will do the same.
The above only covers the very basics of niche research, as there is a lot more to the process, but it should get you started on your way to finding that killer money making niche.
Wednesday, February 18, 2009
Wednesday, February 4, 2009
3 Great Internet Businesses to Make Money Online
These days more and more people are looking for good internet businesses so they can make money online. This is often to replace their income after losing their job in this tough economy or just because they want to be their own boss. An internet business is more ideal than a brick and mortar business for many people because the costs and barriers of entry are considerably lower, and they can work from home.
Starting an internet business is really not very hard to do and it's quite inexpensive compared to any other business. With just a bit of learning and a few online resources you can have an internet business set up pretty quickly. In this post we will take a look at three very good internet businesses to start due to their ease of entry, low cost, and potential to make money quickly.
1) Selling stuff on eBay. This can be extremely profitable and it's not very difficult to get started. You can find wholesalers and dropshippers that will provide you with products, descriptions, photos and everything you need to create an eBay listing.
Some of the best selling products on eBay are electronics products such as digital cameras, laptop computers, iPod's, game consoles, and cell phones. But collectibles can also be very profitable for an eBay seller as well. Sometimes even regular household items will make a seller a surprisingly high amount of money.
2) Freelance business. This is another really good internet business that you can easily start. Freelance work does require that you have certain skills that people will be willing to pay you to do for them. This is usually things like article writing, copywriting, programming, web design and graphic design.
There are several websites available for finding freelance work, including elance.com, guru.com, and getafreelancer.com. These sites specialize in bringing together freelancers and people looking to hire freelancers. The people who already have successful internet businesses know the value of their time and they employ freelancers to do the legwork so they can do what they do best, which is usually marketing and networking.
3) Selling content. This is becoming a popular way to make money online. All you need to do is research topics (niches) that people are interested in and write articles on them. You can also write reports and ebooks on the topics. Then you sell the content to people that will use it on their sites or resell it as if they had written it.
You can sell your content as a ghost written product for as much as $10.00 per page or more. You can also sell it for a lower fixed price to a limited number of people and offer Private Label Rights (PLR). That just means the buyer can make changes to the content, put their own name on it and call it their own, or just about anything else they want.
There are few great sites where you can find buyers for your content. They are the Warrior Forum, Digitalpoint Forums, and Sitepoint Marketplace. These are all places where the internet marketers and webmasters hang out and they are the ones most likely to buy your content.
That's just a few examples of good internet businesses you can start quickly and easily. The internet has opened doors that in the past were often closed to people who wanted to start their own businesses. There are multiple ways to make money online so find something that is a good fit for you and go with it.
Starting an internet business is really not very hard to do and it's quite inexpensive compared to any other business. With just a bit of learning and a few online resources you can have an internet business set up pretty quickly. In this post we will take a look at three very good internet businesses to start due to their ease of entry, low cost, and potential to make money quickly.
1) Selling stuff on eBay. This can be extremely profitable and it's not very difficult to get started. You can find wholesalers and dropshippers that will provide you with products, descriptions, photos and everything you need to create an eBay listing.
Some of the best selling products on eBay are electronics products such as digital cameras, laptop computers, iPod's, game consoles, and cell phones. But collectibles can also be very profitable for an eBay seller as well. Sometimes even regular household items will make a seller a surprisingly high amount of money.
2) Freelance business. This is another really good internet business that you can easily start. Freelance work does require that you have certain skills that people will be willing to pay you to do for them. This is usually things like article writing, copywriting, programming, web design and graphic design.
There are several websites available for finding freelance work, including elance.com, guru.com, and getafreelancer.com. These sites specialize in bringing together freelancers and people looking to hire freelancers. The people who already have successful internet businesses know the value of their time and they employ freelancers to do the legwork so they can do what they do best, which is usually marketing and networking.
3) Selling content. This is becoming a popular way to make money online. All you need to do is research topics (niches) that people are interested in and write articles on them. You can also write reports and ebooks on the topics. Then you sell the content to people that will use it on their sites or resell it as if they had written it.
You can sell your content as a ghost written product for as much as $10.00 per page or more. You can also sell it for a lower fixed price to a limited number of people and offer Private Label Rights (PLR). That just means the buyer can make changes to the content, put their own name on it and call it their own, or just about anything else they want.
There are few great sites where you can find buyers for your content. They are the Warrior Forum, Digitalpoint Forums, and Sitepoint Marketplace. These are all places where the internet marketers and webmasters hang out and they are the ones most likely to buy your content.
That's just a few examples of good internet businesses you can start quickly and easily. The internet has opened doors that in the past were often closed to people who wanted to start their own businesses. There are multiple ways to make money online so find something that is a good fit for you and go with it.
Subscribe to:
Posts (Atom)