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Business Article
Business Article is syndicated
from Web-Source.net.
Syndicated articles are written by independent authors and the contents represent the author's views. The content of the article does not necessarily represent the views of Company Web staff and management.
How to Find A Winning Niche On The Internet
And Earn A Great Income!
By
Michael
Holland Copyright ©
2003
Are you struggling to come up with good ideas for a profitable business that
you can start on the Internet? Are all those hours of searching resulting
in nothing but headaches and frustration? Is it starting to affect your home
life or fun life?
Don't worry, you're not alone. Finding a high demand, low competition niche
market can take a bit of effort. But if you apply the following five steps
for identifying and evaluating your niche business ideas, you'll save yourself
many painstaking hours of work, and make a great living:
-
Identify candidates for a niche business.
Make a list of your hobbies and interests and jot down the things you hear
people complain most about. After all, solving people's problems should be
the goal of your online business.
-
Summarize your potential niche ideas.
Describe each of them using one keyword, e.g., dog training, binoculars,
snow skiing, model trains. By doing this, your niche market will become crystal
clear. Keep it tightly focused and specialized.
-
Use the Overture Search Term Suggestion
Tool. Just go to any search engine and enter "Overture search Term Suggestion
Tool." Enter one of your keywords into the tool. Overture will return
a list of all keywords related to the keyword you entered. It will also tell
you how many times people performed searches using those keywords during
the prior month.
Think of these numbers as a rough measure of the demand for your idea. It
won't be the whole picture because you're looking into one search engine,
but it's a decent start.
-
Use
Google.com to determine
the level of supply/competition. Enter one of your keywords into Google with
quotes around it. The quotes tell the search engine to only return exact
matches. Now you'll have a much clearer picture of your potential competition.
Let's assume, for example, that the Google summary says that there are 1000
listings for the keyword you entered. Well, rest assured that the vast majority
of these pages have not been properly formatted to achieve high rankings.
In fact, I just assume that 95% of the pages are junk
meaning that only
5% of them represent any semblance of competition. So if you multiply 5%
by the 1000 listings in our example, it comes to a measly 50 competitive
listings. Bottom line, you won't have any problem achieving a high ranking
if you see these kind of numbers and your pages are properly
formatted.
-
Make your customers happy and watch
profits grow. Sell your own products or direct customers to the products
of suppliers whose commission-based affiliate programs you've joined.
By applying these five simple steps
for identifying and evaluating your niche business ideas, you can save yourself
a great deal of work and make a great living on the Internet.
About the Author:
Michael Holland
is the author of Strike It Niche! - 70 Easy-to-Use Blueprints for
High Demand, Low Competition Businesses You Can Start on the Internet, TODAY!.
This unique new resource eliminates hundreds of hours of research and
brainstorming work and gives you insightful tips and techniques for finding
and growing an online business. Strike It Niche! is available at
www.strikeitniche.com. |
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