How to find your profitable niche?
After you have decided that you are going for it, the very next thing you need to do is to choose your market or your niche.
You need to get into something that you can enjoy, but it doesn't necessarily have to be the love of your life. You need to choose a market where people have needs and a wiliness to pay. The key to success for the small business owner is to master a niche that is in demand and at the same time has relatively low competition.
If you want to know what people want to buy and read about, then you have to conduct a keyword search. There are many ways you can go about doing this and there are many free tools available on the market to choose from.
If you would ask me a few years ago what tool I use for finding a profitable niche, I'd probably told you to use Google Keywords or Yahoo Keyword suggestion tool (former Overture) as they are free.
But if I knew at that time about SBI! tools my first sites would have brought me much more income. The second to none products that will help you to find your niche, analyze whether it is profitable or not is Brainstorm It! and Niche Chose It! from Site Build It!
Site Build It! makes it easy to identify profitable keywords for your Site (i.e., keywords that many people are searching for but that very few sites provide information about).
Brainstorm It! is a keyword brainstorming and research tool. It helps you verify that your site concept has acceptable profit potential.
Niche Choose It! uses a complex decision-matrix theory that makes choosing the best niche for you simple and flawless.
Choosing your best site concept is not always as obvious as you might think. Brainstorm It! and Niche Choose It! show you the best path for your particular business, reveal some surprises, and help you make the right choice.
Another tool from SBI! Is Monetize It! It helps you choose the best monetization options for your site concept. Creating a diverse monetization mix will help you maximize your site's profitability and ensure long-term growth.
You can check out all these tools here:
If you don't have a specific topic to focus on for your social networking site, then here's a great resource that will help youuncover potentially profitable niche markets:
Find your site niche or idea
Do you reach a rather broad-based audience? Or
Turn Your Knowledge Into Revenue
We also recommend you to check out these great complimentary resources:
For your online networking success and until next time.