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Hub You - Take the Guesswork Out of Niche Marketing
CIO Magazine ran an article entitled, "Ten Mistakes CIO's Too Often Make" written by Susan H. Cramm, former CIO and vice president of IT at Taco Bell and CFO and executive vice president at Chevys, a Taco Bell subsidiary.I was thunderstruck by her ninth mistake---Pretend that your organizational weeds are really untended flowers.My mind immediately went to a comparison with what
Assume you will have a decent 1% conversion rate for your product. That means for every 100 clicks you will make a sale. At a minimum bid of 5 cents, you will surely turn a profit for every $5 spend you do. But then, real life is not that easy. You have people competing against you, and your 5 cent bid doesn't attract clicks, leave alone buyers. So you either lose this small amount every day, or hike your bid to
Using the skills, strategies, and smarts of lawyers, you’ll be able to more effectively coach your employees to optimal performance. Here are 4 great tips to help you give constructive feedback in such a way that you motivate positive and productive performance...1. Give evidence of performance to employee. In litigation, prosecutors are required to turn all of their evide
Oh how I wish it was that easy. My first attempts at finding a niche made me feel like I've gone deeper into quicksand, and the niche with a great demand had an awful lot of competition. Not one to be outdone, I went and bought software and books to learn what mistakes I made and try to recover from the mistakes. I learned all about demand, and how "wordtracker" is the best service to use to assess demand for keywords and how to assess and estimate supply from "Google" manually. I saw lots of products offering to teach me how I should target the market, research the keywords, analyze the KEI (Keyword Efficiency Index, which tells you the relative profitability of the keyword you select based on demand,supply and competition), and signed up for a lot of courses to learn more about niche marketing.
To cut the process short, this is what I learned:
a. You must have a niche (this is easy, you don't want to try to compete with the biggies)
b. You must assess the demand - i.e. find buyers in this market with money to spend.
c. You must see who you are pitted against - your supply estimate to see the competition.
d. Having found the demand and supply, and with a fair idea of the competition, you must find the profitability of your niche business idea.
e. Once you feel it is profitable, get into product development around this niche.
f. Promote the product and pocket the cash ...
What you end up learning the hard way is that all these people who write about earning money with google adwords ads don't tell you how much they spent on the ads, and if it is really that profitable..see, it is a numbers game, as I will show you below:
Assume you will have a decent 1% conversion rate for your product. That means for every 100 clicks you will make a sale. At a minimum bid of 5 cents, you will surely turn a profit for every $5 spend you do. But then, real life is not that easy. You have people competing against you, and your 5 cent bid doesn't attract clicks, leave alone buyers. So you either lose this small amount every day, or hike your bid to g
Is it your dream to start a business? Do you dream of owning a successful business? You may even wish that your business can generate passive income for you, so that you can retire financially free.But you stop there, you didn't make that leap of faith, a huge stone is in your heart holding you back. You have a sense of fear in you. The fear of failure, the fear of uncertainty keeps pop
To cut the process short, this is what I learned:
a. You must have a niche (this is easy, you don't want to try to compete with the biggies)
b. You must assess the demand - i.e. find buyers in this market with money to spend.
c. You must see who you are pitted against - your supply estimate to see the competition.
d. Having found the demand and supply, and with a fair idea of the competition, you must find the profitability of your niche business idea.
e. Once you feel it is profitable, get into product development around this niche.
f. Promote the product and pocket the cash ...
What you end up learning the hard way is that all these people who write about earning money with google adwords ads don't tell you how much they spent on the ads, and if it is really that profitable..see, it is a numbers game, as I will show you below:
Assume you will have a decent 1% conversion rate for your product. That means for every 100 clicks you will make a sale. At a minimum bid of 5 cents, you will surely turn a profit for every $5 spend you do. But then, real life is not that easy. You have people competing against you, and your 5 cent bid doesn't attract clicks, leave alone buyers. So you either lose this small amount every day, or hike your bid to
The internet has provided a way for companies to reach millions of prospective clients and provide them with information about their company, their products and services and also a way for the clients to purchase without actually visiting the stores or offices. It opened a worldwide market thus increasing the range of clients and enabling them to promote themselves in a non-traditional market
To cut the process short, this is what I learned:
a. You must have a niche (this is easy, you don't want to try to compete with the biggies)
b. You must assess the demand - i.e. find buyers in this market with money to spend.
c. You must see who you are pitted against - your supply estimate to see the competition.
d. Having found the demand and supply, and with a fair idea of the competition, you must find the profitability of your niche business idea.
e. Once you feel it is profitable, get into product development around this niche.
f. Promote the product and pocket the cash ...
What you end up learning the hard way is that all these people who write about earning money with google adwords ads don't tell you how much they spent on the ads, and if it is really that profitable..see, it is a numbers game, as I will show you below:
Assume you will have a decent 1% conversion rate for your product. That means for every 100 clicks you will make a sale. At a minimum bid of 5 cents, you will surely turn a profit for every $5 spend you do. But then, real life is not that easy. You have people competing against you, and your 5 cent bid doesn't attract clicks, leave alone buyers. So you either lose this small amount every day, or hike your bid to
5 Steps to Make a 60 Second Commercial that Will Have Prospects Swarming You After Your Next Networking EventEvery local meeting I attend has networking opportunities. The best opportunity is your 60 second business commercial, or elevator speech. How many of you hear this, ‘Hi, My Name is_____. I work for ________. Usually here they talk about what they do. If you need ______,
d. Having found the demand and supply, and with a fair idea of the competition, you must find the profitability of your niche business idea.
e. Once you feel it is profitable, get into product development around this niche.
f. Promote the product and pocket the cash ...
What you end up learning the hard way is that all these people who write about earning money with google adwords ads don't tell you how much they spent on the ads, and if it is really that profitable..see, it is a numbers game, as I will show you below:
Assume you will have a decent 1% conversion rate for your product. That means for every 100 clicks you will make a sale. At a minimum bid of 5 cents, you will surely turn a profit for every $5 spend you do. But then, real life is not that easy. You have people competing against you, and your 5 cent bid doesn't attract clicks, leave alone buyers. So you either lose this small amount every day, or hike your bid to
Let me first say that Google Adwords (Google pay per click), when done correctly, will give you the best return on your money compared to other online advertising options. At the same time, if you don't know how Google evaluates your campaign, it could cost you a fortune.Let’s first examine how Google is different from other search vehicles. Most search engines base the placement of y
Assume you will have a decent 1% conversion rate for your product. That means for every 100 clicks you will make a sale. At a minimum bid of 5 cents, you will surely turn a profit for every $5 spend you do. But then, real life is not that easy. You have people competing against you, and your 5 cent bid doesn't attract clicks, leave alone buyers. So you either lose this small amount every day, or hike your bid to get some good clicks. Say you hike your bid to $0.25. At this rate, you would spend $25 to make a sale... get the trend of my thinking?
Unless you are lucky and able to find cheap keywords with high demand to bid on, the google adwords will remain a losing proposition. Or else you have to find the words people use when they look to buy something on the internet, and bid high on those keywords, to increase your conversion rate. This was the situation I found myself in..until I found this book that explains actually how to find profitable niches.
Get this book now. It takes the guesswork out of niche marketing.
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