First let me start out by saying thank you for all the great comments, feedback, and tips I received in the first Niche Site Challenge post. I was totally blown away by it and to be honest, I didn’t expect so many to be this excited about it.
Ok, so this post is sort of a curveball for the both of us. But it’s ok, it’s actually a good thing. No matter how well or how much we plan things out, unexpected things can and will happen.
As I said in the first niche site challenge post, I was going to go over market research and some of my keyword research techniques. We’ll since announcing this challenge, the response has been crazy and some what overwhelming (in a good way though). I’ve received many comments and emails about it. Many are even going to join me and take part in this challenge, which is great and I’m totally stoked about it.
I also got a ton of questions on how I chose my niches and what process I took to choose my niche. To be honest I was only going to briefly go over it, but after many requested it, I’ve decided to dedicate this post to the process of how I go about finding profitable niches.
Now I first have to state that I’m not an expert in creating niche sites or ranking in google or even an SEO freak. I haven’t done this in years. So this will be a huge learning (or in my case re-learning) experience for us. But no worries, as I said before, learn from my gains and failures. Use what worked for me and what didn’t work …well that’s obvious right, lol. Your process should be a lot smoother than mines as you’ll only be doing what works.
However there is one advantage I do have, and that’s monetizing and optimizing for maximum results. Once I have solid data to review, I can take it and run with it.
I’ve done extensive research on SEO strategies, backlinks, and ranking high in the search engines. I will be using the tactics I’ve gathered and let you know all about it.
Finding Profitable Niches
Many people get caught up or hung up on this process. They tend to over think the entire process. Trying to find the “perfect niche”. Well to be brutally honest, there is NO perfect niche.
There’s no chance in hell you’re going to know what’s what right off the bat.
- If a certain keyword and phrase is a money maker…
- If a niche is profitable or not…
- If the niche is worth going after…
This is why research, market research is so vital to this whole finding profitable niches thing. You need to do the research. No if, ands, or buts about it.
Once you’ve got a few niche sites under your belt, you’ll develop an eye and a sense for what is profitable or not. And finding profitable niches will become sort of like second nature to you.
Here’s how I do it
This is how I did it back in the days and it’s the way I’m doing it now. It was taught to me this way and it’s the only way I know how to go about finding profitable niches. I’m sure there’s a ton of ways to finding profitable niches, but this is a very effective way to find a niche, especially if you’re brand new to this.
I first start out by creating three lists. A Passion list, Problems list, and a Tips and Advice list. This is the easiest and best way to get ideas for niche sites.
For each list I then create ten sub lists. You don’t have to do 10. You can do 3, 5, 7, it doesn’t matter. As long as you have some kind of idea of what niche market to research.
The way I go about it is simple.
- list what myself, friends, and family are passionate about
- list the problems that we might find with those passions
- list any tips and advice on those problems
Passion List: This is just a list on things that I’m passionate about. I also jot down stuff my friends and family are passionate about. For example, my brother loves to cook, My best friend is an MMA freak, my mom enjoys knitting, my wife’s heavily into this Zumba thing. It doesn’t have to be all my passion. The object is to find a passion that people may be searching for.
Once I completed my 3 lists, I then pick the top 5 from all three and create a “Research list”. These are just ones that I like the most and that I think would be good to start with. They don’t have to be in any particular order. Just write the first five you think of.
- knitting patterns
- home repair
- gambling cure
I then begin my research on these 5 keywords/phrases. If for some reason during my research I find some or all of them aren’t any good, I can always go back to my 3 lists and create a new top 5.
Why Create Three Lists?
You maybe asking yourself why or how creating these 3 lists would help you in finding profitable niches. Well you’re not only finding profitable niches. You’re actually doing multiple things here.
By creating these three lists, your creating:
- a list of super targeted keywords
- subject lines for your articles (keyword rich)
- domain ideas (potentially find keyword matching domains)
- highly relevant content to write about
These 3 lists are so important, especially when you’re first starting out. It will save you so much time and energy from having to find targeted keywords for your niche, finding the right domain name, and what I believe to be the hardest, find highly relevant content to create.
Anyway, that’s how I do it, that’s how I go about finding profitable niches. It’s probably not the most effective and best way to do it, but at least it helps me in narrowing down and minimizing the amount of work load that goes into finding niches, keywords, domains, content, and all that jazz.
Hopefully this will help you in finding profitable niches.
In the next post I’ll go over how I take the top five in my research list and show you how I do market research. I’ll be doing it in video as well. Just to show you exactly how it’s done.
Ok then, I’ll c-ya on the next one.
peace and I love ya for free ;-)
Finding Profitable Niches Tips & Tricks …
If you know or have any tips & tricks of your own on finding profitable niches, and would like to share them, please do so by commenting down below. Thanks in advance ;-)