Selecting a Niche That’s Right for You

Most everyone starting out in the field of internet marketing has heard the advice of selecting a niche, selecting the ‘right’ niche for you, or even dominating a sub niche. Well how do you identify a niche in the first place let alone finding the ‘right’ one for you?A niche is simply a ‘category’ of products or services that serve related purposes. Broken down further each niche can contain smaller niches within them such as in the case of furniture. Furniture in general encompasses those pieces in a room that equip it for more comfortable living conditions such as a sofa, chairs, bed, or any other related item. A sub niche would be more specified such as lawn furniture.In niche marketing the selection process is critical. You may want to target something you have a passion for. Perhaps even something you have an interest in learning about. Your knowledge base and enthusiasm for the subject will be instrumental in presenting you as an authority.Still can’t narrow down that market you want to work in? Well conduct a keyword research within one of the markets you’ve already considered. What this further market research will do is uncover other ideas or aspects you may have overlooked. This should set off an entirely new search for you in terms of that particular niche.Another benefit of doing keyword research is the ability to see how congested or competitive a niche may be by the number of search results that comes up. A key point here is to select a niche that isn’t overly huge (competitive) according to the search results but is still big enough to be profitable. What you’re doing is ‘fishing where the fish are but not necessarily where the other fisherman goes.’Of course we’re also going to base our niche marketing efforts around particular keywords that are searched upon within that particular niche.Looking closer we see that if you focus more on keyword phrases (long tail keywords) instead of just keywords we can more deeply define our niche. For example using our previous furniture search case study, instead of targeting ‘furniture’ we can focus on ‘lawn furniture’ or perhaps ‘Adirondack outdoor furniture’ which is even more targeted.Essentially by doing this we’re further distancing ourselves from the ‘pack’ which means less competition but yet it’s still a profitable market!Whatever you ultimately choose remember when selecting a niche to be sure you have an interest level that will sustain your enthusiasm since this will make your efforts one hell of a lot easier. This enthusiasm will also be reflected in the quality of your content. Make no mistake about it that this will be noticed by your website visitors.

TJ Philpott is an author and Internet entrepreneur based out of North Carolina.
For additional success tips and a free guide that demonstrates how to find both profitable markets and products visit:http://affiliatequickstart.com/
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3 Pillars of Effective Niche Marketing Research – What to Do Before You Sell Anything

Although you will not hear this very often, niche marketing research is the most important thing you can do before you launch your next money-making affiliate campaign. Certainly, you will enjoy the rare oddity of a great business opportunity almost literally falling into your lap, but you cannot predicate your entire financial future on luck, good or bad. Truth be told, you will have to roll up your sleeves and do some real niche marketing research in order to enjoy continuous success as an Internet Marketer.
Perhaps one of the reasons for the lack of forthrightness on the part of some marketers is the sheer volume of work involved in finding and exploiting profitable niches online. If you know something involves a lot of work, you may be less inclined to do it. By niche marketing, I mean that smaller section of a larger market for goods and services that lends itself to the following factors: People are spending money in that sector, and the market is not too crowded by other vendors or affiliates who are sell to that market. A good example of a niche would be “dog training schools in Britain” as compared to “dog training”.
Obviously, the smaller the niche, the fewer purchases will be made by the people who need the product or service, and so is the number of people selling in that market. Therein lies your opportunity. I am not telling you all of this to discourage you. Rather I am trying to inject some pragmatism into an often-overlooked, hyped-up process. In order to find and exploit the many potentially lucrative niches that are available online, here are 3 pillars that you must build on when you are doing niche marketing research. They should always be your foundation for any future online marketing venture.
1. Look for a Proven Market for the Service or Product. Before you spend money trying to sell in any niche, you have to be certain that people are buying the product or services available. This is usually found from research companies, or from vendors who keep records. Click bank for example has a benchmark that will tell you how well a product is selling. The higher the gravity of a product, the more units of that product have been sold. If you are going to sell a ClickBank product, you should at least make sure that Click bank’s gravity score for that product is reasonably good.
2. Make sure the market is willing to pay the price of the product. A good niche research program will give you vital information about a niche that many marketers will never take the time to uncover for themselves. You will want to make sure that the market that exists for your product is willing to spend money to purchase what you are selling. Niche marketing research in this area may be difficult to do, but you can find this kind of information in places like Forrester Research, eBay, Amazon, Google, and many others.
If the vendor you are thinking of representing is of good repute, you may even look at their data for sales of this product. This should include specifics such as how much people are willing to pay for the product.
3. Find and use the best keywords for your products. Keywords are the currency of online marketing research. In affiliate marketing, success in business is all about having the right keywords. Your potential customers will be using keywords to find your products, and your affiliate managers will be using keywords to find you. Merchants are constantly looking for the best keywords to sell their products. If you follow the keywords, they are going to lead you to the money. It happens all the time.
Now, if you thought that proper niche marketing research only involved finding appropriate long-tailed keywords, think again. The thoroughness of your niche market research will pay off in big earnings for many months and years to come. Marketers, who have the budget, and staff, will have many more options to round out their knowledge of a niche before they start selling. Other options include finding good copy writers, web designers, auto-responders, and more. Savvy researchers realize that the value in what they eventually offer to the public will go into their product long before their websites are live. It is like an iceberg. The largest portion of it is always unseen by the public.
The question you are probably asking at this point is “Good Lord, how do you expect me to do all that”? It is a reasonable one. Thankfully, we have a rising cadre of very savvy marketers who understand the value of proper niche marketing research, and are willing to invest in it for the discerning few affiliates who are willing to use this service. I am of the firm opinion that you can find anything you want online. Good niche marketing research tools and services are not except either.

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Free Ways to Identify a Profitable Market Niche

Martin Malden lives in Hong Kong and writes a blog covering tips, techniques and resources for small- or home-business owners. For more information check out his blog here:http://www.wealthydragon.com/blog/
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