Thursday

How To Find a Money Making Niche


Are you just starting out online, looking for a plan to make some money? Don't know what to do, how or where to start? Why not start a niche marketing business? Follow along as I set up a niche blog, and show you step by step what I do as I do it. Together we'll get a blog up and running, get visitors, and hopefully cash in and make some extra cash to line our pockets with ;o).
I know what you're thinking, ok Jerry how much will it cost me, well don't worry, it won't cost you a penny, that's right, nada, zip, zilch,  everything you'll need is free and readily available online! I'll also be available through my contact page if you get stuck and need extra help, again no charge. Why am I doing this? Simply put, I like helping people out, to share my knowledge with someone who needs it.
I'll be getting started soon and I expect to take a couple of weeks to get it all set up. So check back and lets git-er-done! These will be the steps we'll be covering:
  • Finding a niche (hopefully a profitable one)
  • Setting up a niche blog at Blogspot.com
  • Monetizing your blog
  • Take the necessary steps to move up the serp's (search engine results page)  and get some traffic to your blog
  • And remember it won't cost you a thing-all FREE
So are you ready to have your own online business? It may only be one little niche blog, but it's a start, and it'll get you in the game.  So lets get started, first:
How much money do you need?
How much money do you want to make from your niche blog? $5.00 a day- $100.00 a day? The amount of income you want to make will help you determine how competitive a niche to go after.
The more competitive niches will take more time and effort get that coveted number one spot on Google.
Lets get an idea of what a visitor is worth, shall we? Ok, you choose a niche and work your tail off to climb to number one of the serp's. You get 1000 people a day from Google and it's said that 40% of those people will click on the number one website. So 400 people visit your website daily from Google. You have your AdSense optimized well and get a 5% CTR (Click Through Rate), and you make 50 cents a click, .05 x 400 x .50 = $10.00 per day income from AdSense. About $300.00 per month.
The smaller the niche-the less money made per blog-the more niche blogs you need to realize a substantial income.
Writing content has been my bug-a-boo (bug-a-boo means it's a pain in my arse), so I'm shooting for more than a 1000 people a day searching for my search terms. Notice I said search terms, not term, that means all my terms together need to get those people to my blog.
If you're not prepared to spend some time (months) working your way up the serp's then you need to pick a less competitive niche to start with. Did that make sense? The smaller the niche, the easier it will be to rank for your keywords, and the smaller the niche the less money can be made, generally. The larger the niche, the harder it will be to rank for your keywords, but the reward (money) should be greater.
Finding Your Niche
First go to the Google Keyword Tool and lets find the topic of our niche. When choosing a niche you want to pick a topic you know a little something about (recommended), that way it's much easier to create content for your new blog, as it's best to have several pages of good keyword optimized content (I would suggest at least 5 pages.)
Say you really enjoy cooking-no you have a real passion for cooking, that's good, cooking will be our starting keyword. Go to Google's free keyword tool and type in cooking, choose the "exact" match type, and "show" all the columns, to get the most and best info on your keywords.
cooking
The keyword "cooking" has has over 7,000,000 searches on average per month. Sounds good, but  not so fast, lets type "cooking" with the parentheses into Google. There's 168,000,000 competing web pages, meaning it would take years to get on the first page (if it's even possible).
Quick tip: I enter $50.00 where it asks for your maximum CPC (cost per click) which gives you the maximum amount paid by advertisers for clicks. This gives you an idea if there's money to be made with that particular keyword.
Looking down the results page, I see these interesting keywords:
Keyword                             Searches            Competing web pages
  • Cooking recipes                 301,000               3,700,000
  • Cooking pasta                     14,800                  119,000
  • Low fat cooking                  9,900                    190,000
  • Healthy cooking                 49,500                 1,430,000
Here's a list of interesting keywords generated by these searches:
Keyword                               Searches          Competing web pages
  • Cooking light recipes         110,000               37,500
  • Cooking pasta                        14,800                 119,000
  • Low fat cooking                    9,900                   190,000
  • Healthy cooking recipes   4,400                   37,000
"Cooking light recipes" jumps out at you, ya think? With over 110,000 searches and only 37,500 competing web pages, we could have a winner! Lets investigate those keywords a little more, and see what we find.
Check out the competition
Go to good ole Google and type in "cooking light recipes" to bring up your competition. Size up the competition by finding their pagerank (I useGoogle's toolbar with the page rank indicator), and the number of backlinks pointing to the site. Here's a few sites to find those backlinks:
  1. Backlink checker
  2. Another free backlink checker
  3. One more
  4. Yahoo Type in "linkdomain:theurlhere"
Google, of course likes the sites with the higher pagerank, and "he who has the most backlinks wins".
Pagerank is on a scale of 1-10 with 10 being the strongest. All the sites on page one for our keywords "cooking light recipes"  have a pagerank of "0", so that's good!
The first site that comes up on a search for our keywords has 352,159 backlinks, now that's not so good! Even though the links to this site are PRO links you would need to get more of them to move above them on the page.
Basically to rank higher then any other website for your keywords you need to see how many links they have pointing to all the pages of the site, and determine the pagerank of those incoming links, and then simply get more links to your site. Sometimes it's easier said than done.
Just remember when choosing a niche for your niche marketing business, especially when you are just starting out, less competitive keywords are much easier to rank for. Get to the number one spot for a few of these to gain some experience, then go for the more competitive keywords and really cash in!
Well this post is getting pretty long so I'll end here, if you have questions just ask in a comment and I'll try to help out.
If you're just starting out just just go for a few small less competitive keywords to start with and don't even worry about the money just have some fun with it, dominate the niche and gain some experience.
Happy niche hunting and good luck.