How To Find A Profitable Niche To Make Money Online
I must confess that finding a profitable niche from which to earn money online is not the easiest task. The safest way to earn cash from affiliate marketing online is through niche targeting. Niche marketing involves an affiliate marketer targeting a profitable program or product that is in high demand and thus improves the chances of the affiliate marketer making big profits.
In this article I will articulate the most prominent ways to find a profitable niche to start your online business. To do this successfully, you don’t need to spend money because there are free tools and skills available online that you can employ.
Look at your passion
The first thing on the list of tools you can use to find a profitable affiliate niche is to look inward. Find out what you like, what do you like to do? What are your hobbies? What do you like to do? What will you do with ease or what are you informed of? These are very viable links or indicators of wealth online. Write them down, they can become profitable online niches.
Research or brainstorming
There are free tools available online where any type of research work can be done easily. Sites like Google.com, the Wikepedia Topic List are fantastic places to start where you can get a great insight into any topic. Another site you can search is the shopping.com Consumer Demand Index, you will find a list of the most popular products that online search engines are looking for in earnest.
The popular list from Technorati, a leading blog search engine, is another source site worth mentioning. It has tens of hundreds of what is popular in the news compiled from thousands and millions of blogs. The latest trends from Yahoo! Buzz and Google Trends are also very important places to brainstorm ideas for profitable niches online.
Discover niches that have high profit potential
The Google AdWords Keyword Tool or Free Keyword WordTracker is another powerful tool that you can use to find a niche where large numbers of people search on a daily basis. Understand that the main reason they search with those keywords is because they are looking for solutions to your needs. You can use the same tool to estimate the earning potential of the niche you are interested in. If the niche has a high cost, that is, around a dollar per click, then the niche has a high profit potential if you are going to use AdSense to monetize your site.
Another important way to monetize your blog is by using affiliate programs or networks like Clickbank or Commission Junktion to find products related to your niche that pay a minimum of $ 20 for sale to generate a good profit. Outside of these two networks, you can also employ Google for search queries to find other useful affiliate programs, type niche keyword + affiliate. You will have a list of affiliate programs in your niche, visit some of them, check their feasibility and potential to determine your payout, and sign for the reasonable ones.