5 money making niches for 2010 and how you can get the edge
5 money making niches for 2010 and how you can get the edge
Doing extensive research into what is happening in the world of online marketing has led to 5 main areas that are displaying rapid growth and these are:
- Education
- Health & Wellness
- Booze
- Local, local, local
- Pets
People ask the question “is there any niches that are too saturated” and that is a very good question. If you do your research thoroughly and you find that questions relating to a particular niche are continuing to crop up often in various forums or search engines, then you have your answer right there.
The next question you may ask is “should I go wide or deep into the niche”? Going deep would be something like taking a niche market and targeting it towards a particular group of society, for example ‘Health & Nutrition for older people’ and that would be called going deep in one market.
Going wide would mean doing a little bit in Booze, a little bit in Pets, a little bit in Education and so on.
3 main benefits of Niche Marketing
- Much less competition – you can own and dominate a particular niche subject
- Subject expert – owning a niche means you become that person that everyone goes to for their solutions. More people will seek you out rather than your competitors
- Faster results – it doesn’t take long to rank well for niche related keywords
If you specialise in one particular area, it doesn’t take long at all to rank really well with the search engines.
Finding a niche and how you can get the edge
Go into discussion forums and find out what the top questions are – note how many replies there are to each question, note how many times each question has been viewed. Focus also on the answers that other people are providing to the questions.
One idea from there is that you do extensive research and create an eBook that in turn answers all the questions that people are asking. I must emphasise at this point that you should never plagiarise anyone else’s efforts. The content of the book must be in your own words and based on your research findings.
The first step is being able to build a product that people are willing to pay for and that answers their question.
How can I find forums to do research on?
If you go to big-board.com you will find there a directory of message boards that tell you how many posts each forum has and how many members, the more posts, the more active, the more people there are, the more answers you can get to questions relating to your particular niche.
Big-board does not necessarily list all the forums that are out there so what you could also do is go to Google and search for ‘your keyword forum’, for example ‘Honda car forum’ and put this in quotes. This will provide a ton more message forums within your niche.
You don’t want to get involved with a forum that has only a few posts and even less members as this will get you nowhere.
Another great source of niches is called ‘Top Site’ and one in particular is called Squidoo. Given that there are thousands of people on Squidoo daily, being ranked in the Top 100 is a big deal.
Another great source of information is hubpages.com and every day they have what is known as Featured Hub. Hubs are just very simple web pages that people have made that explain how to do something or something they recommend, things like that. Like Squidoo, you can search hub pages by category.
There’s nothing about hub pages that appears to rate one more highly than the others, the top one changes every day so if you see one that is of interest, make a note because it will soon be gone.
If all the above has given you food for thought, why not sign up here and start BUILDING A WEBSITE. You will receive a FREE copy of ‘Create Your Own Website by 3.45 this afternoon’.
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