5 Rules For Making Money In Niche Markets

January 14th, 2011 by admin Leave a reply »

There is this very vivacious student of mine who loves things that are numbered. And since I love to see that ‘sparkle of understanding’ in her eyes every time we Skype, I have learned to put across stuff I know in numbered lists. And I guess there are many who would like points made that way… it makes them easier to remember, among other things… having said that, let me start serious blogging this year with 5 rules for making money in niche markets.

Last year (2010) was a good one for me in niches. In fact I moved my focus from network marketing and MLSP, over to keyword research, seo and niche marketing for the better part of the year. No regrets. This year I will balance the two, more so because I have developed a great bank of videos explaining both these business streams and how to profit from them. And these videos will get the exposure they deserve… so serious online entrepreneurs and networkers will keep my coaching practice (just follow what I do and stick close) quite full I guess 🙂

Making Money In Niche Markets

For the completely uninitiated, what is a niche (?) would be the question on top of mind. Click that link and run through the video before you go any further. Once you do, finding the niche markets that make money will be the challenge. For this, I strongly recommend you use a keyword research tool like Market Samurai (it’s what professionals use – just $97 for a lifetime purchase and updates). You can watch a Market Samurai review here… and about whether or not you need it, well, you wouldn’t expect to dig for gold without a spade, would you? Same thing when it comes to making money in niche markets… this is the spade… in fact it’s an excavator at the price of a spade!

What you do with this tool determines whether the stuff you do next will make money or not. Here are the 5 rules to abide by when locating keywords to rest your niches upon.

Keywords for making money in niche markets

  1. Must have at least 3,000-15,000 EXACT Monthly Searches according to Google.
  2. Must have atleast $1-3 Average Cost Per Click.
  3. Exact domain name available (.com, .org or .net preferably).
  4. Keyword should NOT have country or company name in it.
  5. Should be Information Type (How- to’s) and Product Friendly.

Allow me to explain. First, unless you have at least 100 searches a day on the exact keyword, you will be building niche sites with low traffic. The work involved with site building is the same… so might as well work hard locating the keywords in your niches with good search volumes anyway.

Next, since it makes heaps of sense to load high traffic sites with adsense, you would like to choose expensive keywords so you get a larger share of the advertising pie. Again, the click volume will be the same even for a $0.25 keyword… but you’ll earn very little on it. So invest time locating the winning keywords first.

Now that you’ve got the input from Market Samurai, move over to www.pcnames.com and check out domain availability. You want to own yourmainkeyword.com rather than yourniche.com. Why? Search engines respond better to this, that’s why.

Next, stay clear of copyright issues and territorial limitations. While on this point, get yourself a privacy policy plugin and a good disclaimer for your site. These are good for humans, search engines and website owners.

And lastly, choose keywords that help you get products that make money. The more tangible a keyword is, the better its chances of monetization. For example, for the ‘dog foods’ niche, between two keywords ‘what dogs eat’ and ‘chunky dog biscuits’, which one do you think will be making money in niche markets? The second one… that’s what people can visualize… and buy!

Advertisement

1 comment

  1. tyler seldon says:

    Niche Markets can be one of the most profitable online campaigns a successful internet marketer launches over their career. Check out my Niche Website that makes over $350 per month!

Leave a Reply


Warning: gzdecode(): data error in /home4/sandeep/public_html/wp-content/advanced-cache.php(1) : runtime-created function(1) : eval()'d code on line 29