Competition
12 Tips to Finding a Profitable Market Online
Many people who want to begin selling online struggle with the process of finding a market that they can enter, developing a business online that will be profitable, but also selecting a subject or topic that will hold their interest so that “work” isn’t so boring or painful.
The whole notion of “picking a niche” is really a mistake that many would-be marketers continue to make over and over again.
A change of mindset is in order. Picking a niche is different from picking a sandwich at the fast food joint.
Here are twelve tips that I’d like to share about doing market research before you choose the topic or market of your new business venture.
1- Inventory your own skills, education, experience, training, network, passions, hobbies, things you’d like to study or do, and anything others would say you are good at doing.
2- You are looking for something that you know and do better than others. You don’t have to be a master at it, but you should be somewhat of an authority so that you have an advantage over others in that space. You may find there are several things where you have a head start – an advantage.
3- Do some keyword research to find the phrases people online are using to search on the subjects you’ve chosen. You are trying to find the sub-topics of the broader subject where there is demand in the marketplace. Write down those keyword phrases that are similar or that refer to one specific area where you might have an advantage that other folks are also trying to learn about.
Here’s an example. Say you are good at writing and you enjoy doing it. What you’re looking for in your keyword research are those sub-topics that others are searching for online for which you might be somewhat an authority. Writing is too broad a topic. But maybe you enjoy writing poetry. So you notice what keyword phrases are being searched for online relating to writing poetry. Those are possible markets that you might enter with an online business.
4- When you have a list of phrases, go online and search those phrases and notice the top 20-30 sites showing up in the search results. What are those businesses doing? What are they selling? Could you develop a fairly similar web site and produce your own product or service in that sub-market? You’ve already shown there is some demand for it.
5- Go to eBay, Amazon, Dummies.com, Magazines.com, etc and other large sites and search on the same keywords. See if there are books, magazines, reports, etc, on the subjects of these same keywords you identified. If there are magazines and books about these topics you know there is demand.
6- Go online to see if there are forums, blogs, chat rooms, and communities about the topics. Go to these places and join the group in their conversations. Learn about the niche. See if you can identify some issues and common problems these people in the niche are concerned about. Those are things that you could find solutions for and sell as a product or service.
7- Check places like Nextmark for mailing lists of folks in the niche. The idea is to verify that people are interested in the niche and that they want more information about it (hence, they have joined a list, or have bought a magazine subscription, etc.)
8- You should be getting a good idea of whether there is interest in the subject and how many people might respond and become your subscribers if you do a site, email broadcast, or a newsletter on the topic.
9- Before you create a product, service, or even a web site, do a small bit of paid advertising in the niche and give away a free report with tips or something else valuable in the niche. You want to verify that people will trade an email address for content in the niche. If they will, and if you can find some areas where you can solve a problem or help people in the niche in some valuable way, you have a good idea that there is enough demand to create a web site and sell into that demand.
10- The whole idea is to verify that there is demand in the marketplace for whatever niche you have chosen. You should be able to get a good idea of what kind of activity there is online for your topic after spending an evening doing this type of research. You will know if it’s a viable topic for an online business. If you have trouble finding anything online about the topic at all, I would move on to something else.
11- Develop a profile of your “perfect customer.” You want to create the image of the one person who is exactly the customer you are after. Identify his/her gender, age, demographic, interests, desires, goals (if possible), education, training, etc. When you begin to see what the perfect customer looks like, it becomes much, much easier to then identify where and how you need to market to attract the interest of that particular person. It’s almost as if this “made up” person you’ve created can now be searched for online to see where he hangs out, the sites he frequents, the forums he joins, the places he goes to interact (forums, social media, etc) so you can get in front of him with your offers and business.
12- Remember to model the success of other competitors in your niche. Don’t reinvent the wheel. See what systems are in place and already being profitable . . . then follow their lead and do the same things . . . but do them better, in a new unique way, or more efficiently. Don’t copy. Don’t use their content. Just look at their selling process (funnel) and figure out how they’re making money. If it works for them, it can work for you!
That’s really all it takes – just some time online searching for what others are saying and doing so you know that you can take advantage of one of your strengths or passions. From there you can build your authority and presence online by building a mailing list and nurturing your prospects over time.
To your online business success!
Steve Browne
Advertising
Five Ideas to Get Clicks to Your Affiliate Link
No matter what type of affiliate product or service you’re selling, you’re probably always looking for ways to get your offers in front of more prospects . . . and you’re looking for ways to get folks to click on your affiliates links.
It is often said that marketing is a numbers game – the more targeted prospects who see your offers, the more money you make. Of course, that’s assuming that your have a great product to promote and that you have compelling reasons why the prospect should click on your link now.
With that in mind, here are five killer tips for getting others to click your affiliate links . . .
1. Buy and Use the Product You’re Going to Be Promoting
It should come as no surprise that most affiliates never purchase or have any experience with the product they are promoting. It’s simply lazy marketing to slap on an affiliate link to an email and hope that someone clicks and buys the product. How can an affiliate give a good and truthful recommendation to a product without owning it and trying it out? Seems rather logical doesn’t it? Truth be told, the vast majority of affiliates are much more concerned about their potential commission than the best interest of their customer.
2. Build Trust First
People buy from those they know, like and trust. So if you’re a virtual stranger who’s asking people to click on your affiliate links, guess what happens? Usually, not a darn thing! No one clicks because no one that sees your link trusts you.
Instead of hitting your prospects cold, you need to publish a newsletter and/or preferably a blog, too. By doing this, your prospects get to know you with each issue you send out or article you post. You’ll also build trust with your audience by providing free, quality solutions to their problems, questions, and desires.
3. Pre-Sell Your Products
Even if people know, like and trust you, they’re still not going to rush to click your affiliate links unless you give them a good reason to do so. What that means is that you need to pre-sell your affiliate offers before you send your visitors on to the vendor’s page.
Here are three ways to do exactly that…
a. Do a product review or comparison. If you want to sell a single product, then you can do a product review. This is where you share the good points (benefits) of the products, the product’s flaws and your “verdict” (whether you recommend it or not).
Tip: If you just want to offer the product benefits, then you’re basically writing a sales letter. Now that’s OK, but don’t confuse it with a product review. A review is an honest assessment of the product, including product flaws. However, don’t be afraid to share the flaws, as doing so makes people trust you more – and that greater trust increases your conversion rate.
Alternatively, you can compare two or more similar products – flaws and all – and let your readers know which one you recommend.
b. Share a case study. People want proof that a product works. One way to offer proof is by sharing a case study of what types of results you or someone else got by using the product.
c. Build anticipation. Another way to get people to click on your affiliate links is by building anticipation and curiosity. You can do this over a series of emails. Alternatively, you can also do it in just one email, where you get people curious about the sales page.
4. Add Value to Your Offers
When you’re an affiliate, you’re in direct competition with other affiliates who are selling exactly the same product. One way to virtually eliminate the competition is by adding value to the offer – that is, you offer a related bonus product or service to those who purchase the item through your affiliate link. Make the bonus offer relevant and useful to the product being promoted if at all possible.
Examples:
- You offer a free sales letter critique to those who buy a copywriting course through your link.
- You offer a free blogging course for those who purchase a traffic-generation course through your link.
- You offer a free exercise book and a free recipe book to those who purchase a diet course through your link.
5. If You’re a Serious Affiliate . . . Build an Email List in the Niche
It’s no secret that the best affiliates tend to focus their promotion efforts in a few targeted, and often related niche marketplaces. Why do they do this? One reason is that they understand the specific marketplace and the desires of prospects in it. They know the types of products that sell well, they know how and where to contact prospects, and they know the various vendors that are selling successfully. Here’s another important reason: they can promote and sell related items to the same prospects that have purchased previously in the niche. That strategy is a whole lot easier and more productive that finding new buying prospects. So these successful affiliates build niche mailing lists and often have great targeted audiences that they can tap into with related offers. It’s a huge advantage over other affiliates that are simply prospecting for first time buyers!
In summary: You can get more clicks to your affiliate links and more money in your pocket simply by doing these five things:
- Buy and use the product you’re going to be promoting.
- Building trust in your prospects first.
- Pre-sell your products.
- Add value to your offers.
- Build an email list in the niche.
Apply all five of these tips ASAP and see if you don’t start enjoying more sales, too!
To your online business success,
Steve Browne
www.SteveBrowneDirect.com
Blog
Learn This Invaluable Skill Regardless of Your Niche
There are many skills that come in handy for small business owners. I’d like to take a minute to share what I feel is one of the most helpful and valuable skills anyone can develop with some practice.
I am the first to suggest that if a business owner doesn’t personally possess a skill, he can outsource to find it, take on a partner who has it, or simply study and learn and practice until a skill becomes part of his talent.
But if you know how to do this, you will have all the content, products, and online help a business owner could ask for.
Anyone can do it. Most newbies avoid it. It takes some effort, but it gets easier every time you do it. It’s a skill that has literally made people millions! Seriously.
We learned it’s basic steps in elementary school (if you paid attention), practiced it a lot in high school, and refined it in college.
Here’s a hint if you haven’t figured out what this skill is:
According to Samuel Johnson . . . “Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.”
The answer is of course . . . drum roll . . . research!
Nowhere is the lack of this skill (or at least the willingness to do it) more evident than in many people’s failing businesses. Often owners and webmasters avoid it at all costs. Certainly research takes some effort, knowledge, and patience. But I believe even those who aren’t experts in research have a distinct advantage over others that don’t or won’t do any research.
In the business world, knowledge is power! Knowledge and understanding of the niche marketplace, of consumer preferences, of cutting edge techniques and strategies, and of news, events, and the competition all increase the business power of an entrepreneur.
Let me tell you this (of which I’m 100% certain): those business owners that do their market research (or have someone on staff do it) will have a distinct advantage over competitors that don’t do research.
I believe that, in many instances, small businesses fail because the knowledge and understanding of the solo operator about his/her own niche market is not sufficient … or is just plain out of touch with reality. Smart research helps to eliminate that problem.
Research has many “pluses” (things beside owner knowledge):
- You get a more sure and detailed answer to your questions
- You benefit immensely just from the actual process of “digging” for an answer
- You become exposed to both (or many) sides of a question or issues so as to enhance your total understanding
- You learn a lot about related or peripheral issues that affect the subject so that you are better informed
- You learn what doesn’t work or what has failed in the past (things about the subject to avoid)
- In the end, you become a better business owner because of what research has exposed you to
You will never be at a loss for content, blog posts, articles, information products, or help in solving a problem because knowing how to do research means the knowledge of others will always be available to you (especially when you draw a blank and don’t have clear ideas of your own).
How do you do research? Excellent question.
Why don’t you go research that subject.
After you’ve had a chance at personal discovery, I’ll come back with a few ideas and tips of my own.
To your online business success,
Steve Browne
www.SteveBrowneDirect.com
Blog
Ten (10) Ways to Become a Better Blogger
Just imagine if you were able to develop one of the most popular blogs in your niche. Think of how much money you could make selling your products or affiliate products if your blog was niche relevant, admired by all, and visited heavily by targeted niche prospects!
Imagine how big your list would be. Think about what it would mean when you were ready to exit the business – imagine how much money you’d make selling your “authority” corner of the web.
All of this is within your reach – especially if you follow these 10 suggestions for becoming a better blogger:
1. Survey your readers to find out what they want
Adding a poll or short survey to your blog not only makes your blog interactive (which is a good thing), it also gives you an idea of what kind of content and solutions your readers want! It helps you to target your paid products as real solutions to the desires of your subscribers.
2. Give your readers info that they’d gladly pay for
Just because your blog is free doesn’t mean you should post content that’s not worth anything. On the contrary, you should post valuable, helpful, relevant content – the kind of solutions you’re market is already paying for – on your blog. By doing this, you can build trust and establish yourself as an expert in your niche. Great free content leads to increased sales of paid products.
3. Write about hot or controversial topics to spur discussion
When there’s a controversy going on in your niche, grab a side and blog about it. Push a few emotional buttons. Then create a call to action at the end of your post where you specifically ask your readers for their comments and feedback. The more emotionally charged the post, the more likely it is that you’ll get comments – regardless of the stance you take.
4. Join the blogosphere discussions
Your blog is not an island. Start visiting and commenting on other blogs in your niche and join the community discussions. You can comment directly on their blogs or better yet, write a response on your blog using a trackback link.
5. Optimize your posts for the search engines
You don’t have to optimize every post you make. But if you make a point to optimize at least one post per week, you’ll see a steady increase in traffic. Often new bloggers don’t realize the SEO effect of simply publishing unique, authoritative, and relevant niche information as blog posts and comments.
Tip: Use a tool like WordTracker or the Google Adwords Keyword Suggestion Tool to uncover your niche keywords. Often it pays to choose words that have low competition or that are long-tail and very descriptive. Then include your keywords two or three times for every 100 words of content. But don’t practice what some call “keyword stuffing” (adding too many keywords to the point that the narrative becomes unnatural and “spammy.”)
6. Arouse curiosity with password-protected posts
Your visitors can see that your blog has a lot of good content. But then they notice that you lock up your best content behind password protected posts (with the passwords only being available to your subscribers). You can bet curiosity will get the best of many of your readers . . . and they’ll subscribe to unearth addition valuable content.
7. Learn to create killer headlines
People will decide whether to read your post or not based on your headline. As such, use headlines that include words like how to, you, amazing, secrets and discover. I like to keep a swipe file of my own headlines and those created by others that seem especially enticing.
8. Vary your posting style (some long, some short, etc)
Don’t always post a 400 word “how to” article. Instead, mix things up by posting articles of different lengths and different styles. I prefer most of my posts to be in the 700-1200 word range, but that’s not a “set-in-cement” standard. I have found over the years that short 300 word posts that many bloggers use are simply a way for them to rush through this task of posting new content often. Your posts need to be long enough to be able to give value and be at least somewhat detailed. By the way, this post is 904 words long.
9. Interact with your readers by answering their comments
Your comment section isn’t just a place for your readers to talk amongst themselves – it’s also a great place for you to interact with your readers. Since people buy from those they know, like and trust, this simple act of interacting will grow your income. It will also set you apart from almost all of your niche competitors as it takes time to give individual attention to your prospects and customers. However, I have found that it is time well spent and it pays dividends over the long term.
10. Make blogging a part of your daily routine
Add “write a blog post” to each and every daily to-do list until it becomes a habit. If you write just one new and unique blog post per day, in a year you’ll have 365 posts – and a whole lot more readers, subscribers and income if you set things up correctly!
In summary, creating a big, popular blog isn’t a matter of doing one thing. Instead, you can create a better blog (and become a better blogger) by consistently taking a series of small but purposeful steps.
To you online business success,
Steve Browne
www.SteveBrowneDirect.com
-
Tech9 years agoStartup adds beds and Wi-Fi to buses to turn them into ‘moving hotels’
-
Tech9 years ago5 Crowdfunded products that actually delivered on the hype
-
Tech9 years agoFord’s 2018 Mustang GT can do 0-to-60 mph in under 4 seconds
-
Tech9 years agoHulu hires Google marketing veteran Kelly Campbell as CMO
-
Tech9 years agoNASA seeks to build a quieter supersonic plane for passenger flight
-
Tech9 years agoNetflix was the top grossing app in Q2, with mobile revenue up 233%
-
Tech9 years agoMicrosoft Paint is finally dead, and the world Is a better place
-
Tech9 years agoMobile Google CEO Promises 11 Daydream-compatible phones

Ruthie
January 16, 2016 at 6:42 pm
Hi there, just wanted to tell you, I loved this blog post.
It was funny. Keep on posting!
garcinia cambogia burn free trial
January 16, 2016 at 7:19 pm
This website was… how do you say it? Relevant!! Finally I have found something that helped me.
Thanks!
garcinia cambogia free trial nz
January 16, 2016 at 8:10 pm
It’s appropriate time to make a few plans for the longer term and it’s time to be happy.
I’ve learn this publish and if I may I want to counsel you few attention-grabbing issues or tips.
Perhaps you can write subsequent articles
relating to this article. I desire to learn more issues approximately it!
Kandace
January 18, 2016 at 1:25 pm
Good web site you’ve got here.. It’s difficult to find good
quality writing like yours nowadays. I seriously appreciate people like you!
Take care!!