How to Discover a Profitable Niche
When you are building a website through which you hope to create a stream of income, one of the most important things will be that you find a niche in which you can operate. Of course, finding a niche you want to focus on is not all that difficult - but finding a niche that is actually profitable can be a whole lot harder!
The first key to finding a profitable niche is discovering something that people are likely to be searching for online, and the second key to finding a profitable niche is choosing a niche that is not so competitive that you will be unable to make any money!
The first key to finding a profitable niche is discovering something that people are likely to be searching for online, and the second key to finding a profitable niche is choosing a niche that is not so competitive that you will be unable to make any money!
1. Discovering something that people are likely to be searching for online
There are three tools, in particular, that will help you to discover products that are of wide interest to buyers online. The first tool is eBay Pulse. By visiting eBay Pulse, you will be able to see what the most popular searches, the most popular stores, and the most-watched items are on eBay! With this information, you will have a better understanding of what people are shopping for, which will give you a few ideas of niches to target. The second tool is Amazon. By going to "Shop all departments" on Amazon, you will be able to click on the major categories Amazon lists and see what Amazon has featured on the front page of each category. You may be surprised at some of the products you find - and may be even more surprised at how quickly you can make money by building sites that focus on these products! And the Google Keyword Tool is the third tool you should use to find a profitable niche, as you can see what words, terms, and products are being most searched by consumers, which will give you a better idea of where you should focus your efforts yourself.
2. Narrowing your niche so it is not so competitive
After you have found a niche you want to focus on, the last step is simple: narrow down your focus from a general item to a specific product, use buyer keywords to attract buyers to your site, and watch as your income from this site steadily climbs!
Finding a profitable Niche doesn't have to be painful. Webfire offers some tools that can help speed up the process of finding a niche for you. Webfire's Q & A Lead Firestorm can help you determine what people are asking about, what is hot and what is not. The Macro and Omni tools can help you do further research to define your niche. Then you can begin to form your SEO plan by using the keyword tools to further narrow down your niche to be just right for you, and finally the Site and Market analysis tool to help optimize your SEO plan.
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