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4 Powerful Ways to do Market Research and Uncover a Profitable Niche for Free

Started by Webm, 2011-10-31 10:59

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digital marketing

Webm

Aspiring entrepreneurs and small business owners are often misled or misguided on the issue of how to conduct proper market research to find a profitable niche.

The path most unsuspecting entrepreneurs take is to finish in the keyword tool or database to start your search.

As an expert on keyword research and founder of one of the services leading keyword research online, I can say with first hand experience that the database keywords are not the first place to look or should be considered. Here is why.

The database main keywords that are currently available to the general public realize only search a limited amount of data that represents 1% - 2% of the actual searches of people around the world. You can only predict (emphasis added) to the real majority of searches are performed in the search engines of the big five as Google, MSN, Yahoo, AOL and Ask.com, which hold 97% -98% of keyword data.

Most importantly, research shows only what keywords people are using keyword phrases in search engines to find answers, not what people buy online. The fact that a group of people looking for specific terms or brand names does not mean that is what you buy. That's a key distinction that many entrepreneurs and business owners tend to overlook.

When looking for a profitable niche market, your goal should be to look for evidence of a group of hungry and angry buyers who want to change your money for a service or product (information, physical or digital). Without this crucial qualifier, you may have the best product in the world, but may lack a market to sell.

This article presents a number of great sources to look at what will give you a running start to discover a truth, profitable market exists before going for the gold and put all their resources into a product of web site creation, or expenditure towards any type of property online.

Once you establish that it has found a market that contains the signs of adequate trade moving through it, you then have a reason worth looking further into a service keyword research to find out what phrases people use keywords to find the market you have chosen.

Let's start looking at how to identify a profitable market.

MAGAZINES

One of the best ways to find signs of a really profitable market is looking for a magazine in the industry. If a publisher has enough money to print and distribute a full-color magazine, there are advertisers more likely to support the financing of the magazine capacity of circulation all copies most likely means that sales are not made by advertisers .

Now, this may bring to the question of whether there is too much competition in a market with so many advertisers in a magazine sold.

In fact, it's a great sign for the competition which means that there are enough customers to sell and a portion of a larger pie to be had in that market. If there is very little competition, it may (1) have the right product sold in that space, or (2) not have a market to begin with. The more competition, greater is the part of the income you will be able to grasp.

Without ever leaving your seat, you can climb Magazines. com and look through the number of different categories to find a profitable topic or area in which to start an online concern.

One of the things you want to focus on the number of subscribers for each journal and for how long the magazine has been printed for stability purposes.

Make a list of magazines that want to study and then go looking for them in one of the largest newsstands spent that covers almost all journals in all subjects.

To get a better view of what people are buying in the online world, you must ultimately decide if you want to represent the physical and digital products.

Physical Products

There are two very large markets that are trafficked en masse, they move a lot of products and are great places to find what people are really buying.

Let's start with the huge market first ...

eBay

On eBay, you can view a list of the most popular products people are buying through auctions or eBay stores that vendors have setup. For a visual tour on how to locate the most popular products, please use the reference below to see a larger version of this article.

Amazon.com

Another big market is Amazon, and not just for books. You can find almost any brand name product and is an advocate and agitator. Again, look at the most popular products in the categories attention.

DIGITAL PRODUCTS

If you want to sell digital products of nature that requires no inventory and usually leads to high profit margins for affiliates, you will want to see the market for digital Clickbank product sales ranked from highest to lowest sales in each category.

Just browse the categories in Clickbank. com and immediately find the best sellers of digital information products, software and subscription services found on those listed above. See also the reference section below a link to the version of this article for the visual and more detailed guidance.

Once you meet the appropriate market research, you can make one of the following:

• Create an online store that includes products and physical assets (inventory required)
• Sale of merchandise through eBay auctions or from their online stores (inventory required)
• Create a site that represents sellers and affiliate (no inventory)
• Create your own product, service or software of a digital product (no inventory)

Having used at least two of the four sites above, you can be sure you have done adequate market research to find "proof positive" that people are buying and, therefore, a market niche profitable.

You can then quickly create a site that is not complex, with a single product offering, find some low-cost keywords for Google Adwords use Pay-Per-Click campaign with a minimum expenditure of $ 50 to test the market and see if you have a winner.

If the initial results pan out, which means you got a benefit of your test, you can invest more energy, perform keyword research more extensive and spend more money on advertising. If the results are not, find another market until the bar thing.

I think this should be armed with enough information to move you towards finding a bottomless market gains.


almoner



Webm

Quote from: almoner on 2011-11-01 04:23
To people who are concerned
Noting could be further from the truth. But glad you read.


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