How To Choose A Profitable Niche

It is an extremely important part to make a lot of money choosing a niche, which is the key to any profitable way, without that it is nearly impossible to make money. This is why you need to narrow your target market down - and narrow it down quite a bit.

A niche is just a word that describes a small section of a larger market. For example, a niche within the cell phone market could be LG cell phone codes. When you're making a business on the internet you want to choose a niche that is profitable enough to reward you for your hard work.

Finding a good niche can take some time while choosing it. Don't be hasty at this part of the process; it's very important that you get this right. I've outlined a few tips here that should help you to find out what might be a good niche for you.

Some important basics to have A Profitable Niche :

1 - Follow what you love to do :

It is amazing to run your own business in any form you like and you will not have to be one of those people that they are doing things they don't like. You make sure from the beginning that you are getting into something that you love. And it should be a something that people want or need and it is profitable for you.

2 - Find what you love to do:

The Warrior Forum is a good way of searching what people are generally after. Just go to the main internet marketing discussion forum and browse the threads. And find what is the most people are taking about.

Using Google is another way of finding needs in a market. If you find there are many threads with questions coming up in the first pages and a lot of articles written about the topic, the niche is something people want to learn about.

3 - Make Sure It's Profitable :

When you've found a few things you would like to get into, it's time to find out if there is an interest for them in the market and if they are actually profitable :

·   Go to Amazon's website :

If there are more than twenty (20) reviews for any products in your market. You’re onto something good! Amazon reckons that only 1 in 1,000 buyers leave a comment about a product bought on their site.

So any product with 20 comments means about twenty thousand (20,000) buyers! A very good sign that this product is in a profitable niche.

·   Go to ClickBank's website :

If other similar products have more than 20 reviews go to ClickBank's website and search for products in that niche that have a 'gravity' of 30+ (gravity roughly means the number of affiliates, that have made a sale in the last week).

·   Go to the 'store' part of the Dummies website :

Look at the left hand column for markets. Choose the market most relevant to your niche. If they have a book on this subject / market / niche you're getting very warm!

·   Go to Google's keyword tool :

 Check that people really are searching a lot for products in that niche, and find keywords that have high search rates and low competition.

4 - Be An Expert :

Don’t worry if you don't yet know a lot about your niche it is always possible to become an expert in your niche al you have to do is to spend time searching your topic, the Internet is a fantastic tool! All what you need is time and effort to read and learn, you can absolutely become an expert in your niche.