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  • Hub You - Niche Marketing - Assessing The Potential Of A Niche

    Starting a Business
    Have you been thinking about starting an online business but you just don’t know where to begin. You are not alone. I will tell you there is a cost to start a business, there is work that you have to do, and you will not get rich. No matter what people tell you these are the facts. You cannot get something for nothing. So, you must determine home much you are willing or able to invest financially and of your time. If you are behind in your bills, PAY YOUR BILLS don’t invest in a business opportunity in hopes to make money to pay your bills. There are no magic wands and the GET RICH QUICK scheme does not work.This information is not rocket science or anything new. This informat
    re's the Google results from the list above :

    snoring 977,000

    stop snoring 121,000

    snoring cure 3,850

    snoring remedy 24,100

    cause of snoring 2,310

    snoring treatment 6,660

    snoring solution 21,100

    snoring problem 18,500

    prevent snoring 3,510

    So what does this tell us now?

    The first keyword "snoring" is a non-starter. The term is well outside our competing sites criteria at 977,000 and a far too general.

    There are no individual search terms in the 30,000 - 100,000 range, but that doesn't rule it out as a viable niche, the term "stop snoring" isn't too far out of the ball park and we can combine some of the other keywords/phrases to meet the criteria.

    Result - we probably have a viable market niche.

    Step Four:

    Finally we need to check t

    Shipping Costs - When to Charge, When not to Charge
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    Potential niche products exist all around us, but how do you decide which ones are likely to be worth pursuing?

    Here's a quick method that will give you a pretty good indication without having to spend large amounts of time and money on the task.

    Step One:

    This is a fairly obvious step - find out if other marketers are spending advertising dollars in that niche. If they are, you can be pretty certain that it's a profitable niche.

    Why?

    Because savvy marketers "don't" spend money on advertising that doesn't show a profit.

    You can check this out quickly on "Pay Per Click" search engines like Overture and 7search where advertisers pay each time someone clicks on their listing.

    Let's check out an example.

    For demo purposes I'm going to search on the keyword "snoring" because I have a project in progress on the subject of "how to stop snoring without surgery".

    Now go to http://www.content.overture.com/d/ and type in "snoring". When you arrive at the results page click on "View Advertisers' Max Bids" at the top right of the screen. A new window will open up asking you to enter a code to access the information. Enter the code and submit it. On the page that comes up you will find the bidding range for our search term - the higher the top three bids the more profitable (and competitive) the niche is likely to be.

    In this case the top three bids on Overture (at time of writing) for the keyword "snoring" are : $1.50, $1.47 and $1.46 - based on this we can be pretty sure that there is a viable market for niche products on "snoring"

    Step Two:

    OK now let's take this a step further and find out what search terms (keywords and keyword phrases) are being used to find our niche subject on Overture.

    Go to : http://inventory.overture.com/ and type in "snoring". This returns a list including :

    snoring 27352

    stop snoring 8211

    snoring cure 3308

    snoring remedy 2366

    cause of snoring 2186

    snoring treatment 1233

    snoring solution 1133

    snoring problem 800

    prevent snoring 623

    ... and a whole lot more. The numbers indicate the number of times that each of those keywords/phrases have been requested in the previous 30 days.

    Step Three:

    Next we need to find out how many competing sites there are for each of our keywords/phrases. We're going to do this on Google - but first we need to decide what number of competing sites is acceptable for our niche subject.

    As with any subject, opinions differ widely.

    Rosalind Gardner (Super Affiliate Handbook) does not consider anything under 100,000 competing sites to be a viable niche.

    Jimmy D Brown (Nicheology)suggests 30,000 - 100,000 competing sites to be the ideal.

    At the other end of the spectrum Andrew Williams (Keyword Results Analyzer - Word Tacker Version) looks for niches with 1,000 or less competing sites for each keyword/phrase.

    For our example here I'm going to use Jimmy Brown's criteria : 30,000 - 100,000.

    Now go over to http://www.google.com and start entering the keywords/phrases from your Overture search, taking note of the number of sites which are displayed. (Enclose your keywords/phrases with " for specific results, e.g. "snoring cures").

    Here's the Google results from the list above :

    snoring 977,000

    stop snoring 121,000

    snoring cure 3,850

    snoring remedy 24,100

    cause of snoring 2,310

    snoring treatment 6,660

    snoring solution 21,100

    snoring problem 18,500

    prevent snoring 3,510

    So what does this tell us now?

    The first keyword "snoring" is a non-starter. The term is well outside our competing sites criteria at 977,000 and a far too general.

    There are no individual search terms in the 30,000 - 100,000 range, but that doesn't rule it out as a viable niche, the term "stop snoring" isn't too far out of the ball park and we can combine some of the other keywords/phrases to meet the criteria.

    Result - we probably have a viable market niche.

    Step Four:

    Finally we need to check t

    The Essence of A Call To Action
    If you want motivation to last, you need to rely on inspiration. Inspiration is rooted in our emotions. The positive results of using inspiration as the motivator are obvious. Inspired people tend to be proactive, driven personality types. They don't need a carrot dangling in front of them to get anything accomplished.They are happier and enjoy greater fulfillment in life than those who are desperation-driven. If you just check the help-wanted section of your newspaper, these types of people are always in demand. To be most effective, inspiration needs to be internalized. Motivation becomes long-term when the goal taps into inner drive and emotion. The key to f
    I have a project in progress on the subject of "how to stop snoring without surgery".

    Now go to http://www.content.overture.com/d/ and type in "snoring". When you arrive at the results page click on "View Advertisers' Max Bids" at the top right of the screen. A new window will open up asking you to enter a code to access the information. Enter the code and submit it. On the page that comes up you will find the bidding range for our search term - the higher the top three bids the more profitable (and competitive) the niche is likely to be.

    In this case the top three bids on Overture (at time of writing) for the keyword "snoring" are : $1.50, $1.47 and $1.46 - based on this we can be pretty sure that there is a viable market for niche products on "snoring"

    Step Two:

    OK now let's take this a step further and find out what search terms (keywords and keyword phrases) are being used to find our niche subject on Overture.

    Go to : http://inventory.overture.com/ and type in "snoring". This returns a list including :

    snoring 27352

    stop snoring 8211

    snoring cure 3308

    snoring remedy 2366

    cause of snoring 2186

    snoring treatment 1233

    snoring solution 1133

    snoring problem 800

    prevent snoring 623

    ... and a whole lot more. The numbers indicate the number of times that each of those keywords/phrases have been requested in the previous 30 days.

    Step Three:

    Next we need to find out how many competing sites there are for each of our keywords/phrases. We're going to do this on Google - but first we need to decide what number of competing sites is acceptable for our niche subject.

    As with any subject, opinions differ widely.

    Rosalind Gardner (Super Affiliate Handbook) does not consider anything under 100,000 competing sites to be a viable niche.

    Jimmy D Brown (Nicheology)suggests 30,000 - 100,000 competing sites to be the ideal.

    At the other end of the spectrum Andrew Williams (Keyword Results Analyzer - Word Tacker Version) looks for niches with 1,000 or less competing sites for each keyword/phrase.

    For our example here I'm going to use Jimmy Brown's criteria : 30,000 - 100,000.

    Now go over to http://www.google.com and start entering the keywords/phrases from your Overture search, taking note of the number of sites which are displayed. (Enclose your keywords/phrases with " for specific results, e.g. "snoring cures").

    Here's the Google results from the list above :

    snoring 977,000

    stop snoring 121,000

    snoring cure 3,850

    snoring remedy 24,100

    cause of snoring 2,310

    snoring treatment 6,660

    snoring solution 21,100

    snoring problem 18,500

    prevent snoring 3,510

    So what does this tell us now?

    The first keyword "snoring" is a non-starter. The term is well outside our competing sites criteria at 977,000 and a far too general.

    There are no individual search terms in the 30,000 - 100,000 range, but that doesn't rule it out as a viable niche, the term "stop snoring" isn't too far out of the ball park and we can combine some of the other keywords/phrases to meet the criteria.

    Result - we probably have a viable market niche.

    Step Four:

    Finally we need to check t

    Don't Buy Affiliate Project X – the Hype, the Hoopla, the Scam
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    tep further and find out what search terms (keywords and keyword phrases) are being used to find our niche subject on Overture.

    Go to : http://inventory.overture.com/ and type in "snoring". This returns a list including :

    snoring 27352

    stop snoring 8211

    snoring cure 3308

    snoring remedy 2366

    cause of snoring 2186

    snoring treatment 1233

    snoring solution 1133

    snoring problem 800

    prevent snoring 623

    ... and a whole lot more. The numbers indicate the number of times that each of those keywords/phrases have been requested in the previous 30 days.

    Step Three:

    Next we need to find out how many competing sites there are for each of our keywords/phrases. We're going to do this on Google - but first we need to decide what number of competing sites is acceptable for our niche subject.

    As with any subject, opinions differ widely.

    Rosalind Gardner (Super Affiliate Handbook) does not consider anything under 100,000 competing sites to be a viable niche.

    Jimmy D Brown (Nicheology)suggests 30,000 - 100,000 competing sites to be the ideal.

    At the other end of the spectrum Andrew Williams (Keyword Results Analyzer - Word Tacker Version) looks for niches with 1,000 or less competing sites for each keyword/phrase.

    For our example here I'm going to use Jimmy Brown's criteria : 30,000 - 100,000.

    Now go over to http://www.google.com and start entering the keywords/phrases from your Overture search, taking note of the number of sites which are displayed. (Enclose your keywords/phrases with " for specific results, e.g. "snoring cures").

    Here's the Google results from the list above :

    snoring 977,000

    stop snoring 121,000

    snoring cure 3,850

    snoring remedy 24,100

    cause of snoring 2,310

    snoring treatment 6,660

    snoring solution 21,100

    snoring problem 18,500

    prevent snoring 3,510

    So what does this tell us now?

    The first keyword "snoring" is a non-starter. The term is well outside our competing sites criteria at 977,000 and a far too general.

    There are no individual search terms in the 30,000 - 100,000 range, but that doesn't rule it out as a viable niche, the term "stop snoring" isn't too far out of the ball park and we can combine some of the other keywords/phrases to meet the criteria.

    Result - we probably have a viable market niche.

    Step Four:

    Finally we need to check t

    Five Tips for Writing a Great CV
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    ceptable for our niche subject.

    As with any subject, opinions differ widely.

    Rosalind Gardner (Super Affiliate Handbook) does not consider anything under 100,000 competing sites to be a viable niche.

    Jimmy D Brown (Nicheology)suggests 30,000 - 100,000 competing sites to be the ideal.

    At the other end of the spectrum Andrew Williams (Keyword Results Analyzer - Word Tacker Version) looks for niches with 1,000 or less competing sites for each keyword/phrase.

    For our example here I'm going to use Jimmy Brown's criteria : 30,000 - 100,000.

    Now go over to http://www.google.com and start entering the keywords/phrases from your Overture search, taking note of the number of sites which are displayed. (Enclose your keywords/phrases with " for specific results, e.g. "snoring cures").

    Here's the Google results from the list above :

    snoring 977,000

    stop snoring 121,000

    snoring cure 3,850

    snoring remedy 24,100

    cause of snoring 2,310

    snoring treatment 6,660

    snoring solution 21,100

    snoring problem 18,500

    prevent snoring 3,510

    So what does this tell us now?

    The first keyword "snoring" is a non-starter. The term is well outside our competing sites criteria at 977,000 and a far too general.

    There are no individual search terms in the 30,000 - 100,000 range, but that doesn't rule it out as a viable niche, the term "stop snoring" isn't too far out of the ball park and we can combine some of the other keywords/phrases to meet the criteria.

    Result - we probably have a viable market niche.

    Step Four:

    Finally we need to check t

    Summer's Internet Traffic Jam
    Summer is finally here, and while for many, summer implies barbeques, school-break, vacations and trips to the beach; for most Internet businesses, summer implies slower traffic.For an online business, traffic is paramount. Without it, conversions drop off, ROI’s dwindle and businesses can fail. In the United States, netScore reported that seventy-four percent of the top 50 Internet properties experienced less traffic between May and June of 2001. A big reason for this huge reduction is the decrease in at-school Internet traffic. Visitor traffic from at-school computers, which represented almost 8% of U.S. Internet traffic in May, began declining as summer vacations started
    re's the Google results from the list above :

    snoring 977,000

    stop snoring 121,000

    snoring cure 3,850

    snoring remedy 24,100

    cause of snoring 2,310

    snoring treatment 6,660

    snoring solution 21,100

    snoring problem 18,500

    prevent snoring 3,510

    So what does this tell us now?

    The first keyword "snoring" is a non-starter. The term is well outside our competing sites criteria at 977,000 and a far too general.

    There are no individual search terms in the 30,000 - 100,000 range, but that doesn't rule it out as a viable niche, the term "stop snoring" isn't too far out of the ball park and we can combine some of the other keywords/phrases to meet the criteria.

    Result - we probably have a viable market niche.

    Step Four:

    Finally we need to check the ratio of "supply" to "demand" for our keywords/phrases to make doubly sure the niche is worth pursuing.

    Here's how we do it. The formula is :

    Google Results(Supply)/Overture Results(Demand)

    The lower the ratio the less competition. Here's an example using our keywords/phrases :

    snoring : 977,000/27352 = 35.72

    stop snoring : 121,000/8211 = 14.73

    snoring cure : 3,850/3308 = 1.16

    snoring remedy : 24,100/2366 = 10.19

    cause of snoring : 2,310/2186 = 1.06

    snoring treatment : 6,660/1233 = 5.40

    snoring solution : 21,100/1133 = 18.62

    snoring problem : 18,500/800 = 23.13

    prevent snoring : 3,510/623 = 5.63

    So do we have a viable niche?

    Based on the figures I would say the subject has pretty good potential. The niche is tightly focussed and the level of competition is low, so it's worth pursuing.

    Will the niche make money?

    The answer to that question will be down to how effective our marketing is.

    One final note : This system has it's limitations. If you're really serious about this Niche Marketing stuff you should invest in some specialist tools which will provide a more comprehensive range of keywords/phrases than Overture returns.

    Copyright © 2005, Andr? Anthony Niche Market Know-How

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