subject: Internet Marketing: Three Steps to Identify A Money Making Business Niche Market Online [print this page] Once you have decided to make money online, the next step is to identify a money making business niche that you can promote and make lots of money online. If you are still having problems doing this, then read on as I have the answer for you in this article.
It is important to research well which market niche is in demand, which has the most consumers willing to part with money to pay for the products and services in that niche. I assure you after reading this article, you will be able to navigate your way to identify a money making business niche quickly.
The key to identifying a money making niche online is outlined in three critical steps:
1.) Research Intelligently
There are many ways to do research to identify your money making niche. However this can be very time consuming, assuming that you do your research the traditional way through one on one surveys.
Let me give you some pointers that cut down the time needed in your research. You can go to your local bookstore and take note of which are the topics that are hot at the moment. Go to the magazine sections where you may find many magazine titles devoted to areas such as motoring, sports, pets, health, beauty, feng shui, luxury time pieces and so forth. You can easily identify which topic is popular by the number of titles devoted to the topic.
An even faster way is to research via Google Keyword Tool. Type in the word or phrase you have in mind and Google keyword tool will flash out the number of searches for this keyword.
2.) Zero in on the keyword phrases in your niche market
Come up with five or six keyword phrases in your niche market. For example, you have decided to focus on the health niche. You may choose key work phrases like "how to keep fit", "how to lose weight", "cancer prevention" and so forth and search these keywords.
You may need to do quite a few searches to identify the keyword phrases that are commonly searched. Note that if your keyword phrase needs to have more than two thousand searches for it to bring enough traffic to you to make lots of money online.
3.) Test if your keyword phrase in your niche is popular and will make you money
Next, you need to test if your keyword phrase in your niche is popular enough and will make you money.
Google your keyword phrase, you will see the number of search results for this query. If there are many searches, then there is a demand for this and you are more certain that this is a lucrative market.
Next, check out the number of sponsored links (or AdWords) the phrase generated. AdWords are advertisements people place on google, to advertise their own website. The more Adwords or sponsored links, the more profitable your keyword phrase is going to be.
So there you have it, I have laid out three critical steps which will help you to identify your money making niche online. Once you have this, the next step is to decide which internet marketing strategy you need to take to make money online.
Internet Marketing: Three Steps to Identify A Money Making Business Niche Market Online
