How To Develop A Profitable Niche
Niche marketing simply means targeting a particular topic with your website. Staying focused on this subject is key for making money. Many online marketers have generic websites with thousands of unrelated products. These sites almost never become profitable. Instead, you want to pick one niche and focus your site on that subject. That’s not to say you can’t sell to more than one market. However, you want to have separate niche websites for each individual property.
#1) Find a profitable niche Being able to do proper market research is one of the most critical skills you can have. This prevents you from wasting time on products that will not work. In other words, you want to make sure a subject has income potential before starting on it. So many people do it the other way around. They first choose a market, and build a site without verifying there is anybody willing to spend money in that subject.
#2) Find a niche you are passionate about On the flip side of the coin, you also want to have an interest in the topic you are getting involved. Some marketers make their decisions solely on profit potential of a market, without regard to their interest level in it. While money making potential is important, you definitely want to have a passion for the subject. If you can’t see yourself writing on that topic two to three years from now, then you probably should avoid it.
#3) Map out your plan of attack Once you have found a potentially profitable niche that you have a passion for, it’s time to set a plan. In the first stages, you were just identifying a topic that could make you money. Now it’s time to dig deeper. Here is where you actually identify your monetization method, whether it is Google Adsense, affiliate marketing, selling advertising space, etc.
Once you’ve determined this, now figure out how to reach the market. This is where keyword research comes into play. You should have done some keyword research when first looking at the topic. However, now it’s time to dig deeper and actually identify the specific keywords you will target. There is no right or wrong answer for the terms to go for. Some people choose very uncompetitive keywords that they can rank for within a few weeks. Others target more competitive keywords that will require years of effort. It all depends on how big your site is going to be.
Assuming you’ve chosen a topic you enjoy, you probably can go after harder to rank for terms, because you are going to have a larger site. The bottom line: picking a niche that has profit potential, and that you have a passion for, is very important. Both of these elements should be present in any topic you target. This will help you maximize your success.