Making Money from Niches
I'm sure you've come across a wide variety of article and
courses on the Internet about how to make money online. One of
the most profitable ways of doing this is by providing
'informational products' to people, about topics they want to
know about. If you think 'information' doesn't sell, then think
again. You just need to look at the success of places like
Amazon to see that information does indeed sell, and it sells
very well. It always has done and always will. The whole purpose
of the Internet is to share information and is why you're
reading this article right now! You want information and so do
millions of others who are willing to pay for it!!!!
The way to make money in this game is to identify an area, a
niche, that people are interested in and create a product (an
e-book, e-course, e-video) that provides.........and this is
what sets you apart from others...........QUALITY INFORMATION
regarding that area. I say it needs to be a quality product as
I'm sure we've all bought e-books which a very low quality and
badly put together. Would you ever buy a product from that
person again? No, of course not, and neither will any customer
you have.
The goal for you is to provide quality material and provide the
customer with MORE value than he's actually paid for. By doing
this you do two things:
1. You gain credibility with the customer as a supplier of
excellent information and get recommended to others 2. This
customer will be more likely to buy future products from you as
he knows you over deliver and surpass his expectation with
regards to quality
This over delivery will initially take you extra time, but in
the future you're in a win-win situation, and this becomes your
unique selling point.
If you're thinking...hmm ok this sounds like an area I want to
pursue, but how do I go about finding a profitable niche? After
all, you don't want to create the ideal product and find out
there's not market for it.
Heres how to go about finding a great niche to profit from.
There are ideas everywhere, you just need to be trained to
identify and profit from them. A number of places that you can
look for ideas for a niche products are:
1. Off the shelf magazines 2. Website blogs related to your idea
3. Sites already selling similar types of products 4.
http://www.amazon.com 5. http://www.nichebot.com 6.
http://clickbank.com 7. http://cbmall.com 8.
http://inventory.overture.com/d/searchinventory/suggestion/
Searching these will bring up a huge list of products or search
phrases that people are using and products they are interested
in, within a particular area. The key here is to find a hot
niche market that you know something about, and is of interest
to you so you can put the time and effort in creating a quality
products that can be sold over and over and bring in that
elusive passive income.
The key with these websites is to choose something you are
interested in, or search for a keyword in your specific area.
This will keep you enthusiastic about the products you're
creating and will show in the content of the final content.
An excellent tool for identifying the number of hits a site gets
(and therefore the number of potentially interested people in
that area) is by downloading a tool called the alexa toolbar
available from http://www.alexa.com
Key steps in all of this is:
1. Research your target audience and where they 'congregate' on
the Net 2. Find out who they are and what they are interested in
3. Look for problems they want solutions to and information they
are interested in 4. Go about creating your quality product to
fulfil this need and over deliver in what you provide. 5. Setup
a website promoting your product and an affiliate scheme so
others can promote it for you 6. Collect customer email
addresses, especially those who buy your product 7. Use this
list in the future to send out update letters and offers on new
products you create
This is some basic information which will get you on track to
making money out of niches!