Looking for a niche marketing strategy? How much money you make in your affiliate marketing efforts is directly related to the niches you choose, so choose them with care. In this article we’ll look at niche-hunting strategies.
Here are three steps to finding great niches which will be profitable for you.
1. Low Competition or High Competition?
Your first step is to make a decision: do you want to enter a niche in which there’s low competition, or high competition? You can dominate low competition niches more quickly, but since low competition means that it’s a niche which isn’t highly profitable, you won’t make as much money.
If you choose a niche in which there’s a lot of competition, it means that there’s a lot of money to be made, but you’ll need to spend more time in research to find micro niches within the niche, and in testing, to discover where and how you can make money despite the competition.
For example, let’s say that you decide to enter the “weight loss” niche. This is a highly competitive niche, and making money will be tough, so you need to find micro niches within the niche.
In our next step, you’ll do that.
2. Watch TV, and Research Niches on Forums
Do you enjoy watching TV? Here’s how to use your TV to find great niches.
You’ve decided that “weight loss” is much too broad a niche for you to make money. While watching TV, you see some ads for losing weight after having a baby. This is a niche you could target, and stand a chance of making money — if it turns out that women who’ve had babies are buying weight loss materials online.
There are many weight loss forums. Visit some of them, and read the discussions. If it turns out they’re spending money, you’ve found a niche.
3. Keep Testing, Test a New New Every Day or Week
Every affiliate marketer has wasted time and money in niches which just don’t turn a profit. Therefore, don’t be disappointed if a niche you’ve chosen won’t make money for you.
Test another niche.
If you’re always looking for fresh niches, sooner or later you’ll come up with a couple of winning niches which coin money, so find use the above steps to find money-making niches fast.
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[tags]niche marketing, niche marketing strategy, niche strategy[/tags]